Euromoney Institutional Investor (ERM)

Euromoney (ERM) £13.76 Gain to date: 17.4% Original entry point: Buy at £11.72, 20 December 2018 Media outfit Euromoney (ERM) continues to justify our faith as a key pick for 2019 as results for the six months to 31 March came in ahead of expectations at the adjusted earnings level. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) came in at ...

Our top picks of the year have got off to a great start with the portfolio up 14.1% versus 7.9% from the wider market.  We’ve only suffered one profit warning and only two of the 10 stocks are in negative territory. Six of the stocks have delivered double-digit gains, so hopefully you are sharing our success with your own portfolio. The best performer is Fevertree Drinks ...

Euromoney (ERM) £12.58 Gain to date: 7.3% Original entry point: Buy at £11.72, 20 December 2018 Ashtead (AHT) £20.24 Gain to date: 2.9% Original entry point: Buy at £19.67, 18 October 2018 The announcement that Daily Mail & General Trust (DMGT) will return its 49% stake in Euromoney (ERM) (plus £200m in cash) to shareholders may have resulted in some short-term pain ...

Markets start the week on a positive note on signs that the US and China are close to agreeing a tariff deal which could put an end to the trade war. Asian stocks climb with China’s Shanghai Composite and Japan Nikkei index both gaining 1% while oil prices also gain ground and the US Dollar slips. In the UK the FTSE 100 index gains 0.3% to 7,127 points with most sectors trading higher bar ...

Euromoney (ERM) £12.84 Gain to date: 9.6% Original entry point: Buy at £11.72, 20 December 2018 Daily Mail & General Trust (DMGT) has confirmed that it is reviewing the future of its 49% stake in publisher and data services business Euromoney (ERM). The latter company, one of our key selections for 2019, has dipped a little from its recent highs above £13 but remains in positive ...

The FTSE 100 is slightly higher, up a handful of points to 7,185.12 amid competing influences. A rally in the mining sector and among Asian-focused stocks on hopes of a resolution to US/China trade tensions is counterbalanced by stronger sterling amid reports of a possible Brexit delay. FTSE 100 housebuilder Persimmon (PSN) is a notable faller, down 7% to £22.94 on weekend ...

News that talks on trade between the US and China will continue in February helps support a modest advance in the FTSE 100, up 0.3% to 6,990.34, ahead of the key US jobs report later. Broadband supplier TalkTalk Telecom (TALK) falls 9.9% to 100.6p as it warns annual earnings will fall short of market expectations due to investment spend and accounting changes. Earnings before ...

We think the transformation of Euromoney (ERM) from an old-fashioned media business to a higher quality data services outfit will hit home with the market in 2019 and help drive the share price higher. The company is rapidly growing its pricing and data side, diversifying away from a weaker asset management business made up of Institutional Investor magazine and offshoots as well as the BCA ...

Every year the Shares team research the market to find investment ideas and create a portfolio of stocks to own for the year ahead. We draw up a long list and then debate the pros and cons as a team over several meetings and then narrow the list down to the cream of the crop. This year we’ve selected 10 stocks which look attractive for various reasons. We will regularly update readers on ...

UK stocks fall in line with continental Europe and US index futures as worries over the strength of the US economy begin to weigh on sentiment. In early trade the FTSE 100 index gives up almost 2% to 6,792.10, a new two-year low, while the FTSE 250 gives up 1.5% to a low for the year of 17,995 points. Tomorrow sees the release of three closely-watched indicators of the health of the US economy ...

UK supermarket leader Tesco (TSCO) saw pre-tax profits rise 2% to £564m for the half year to 25 August with sales up 12.8% to £28.3bn. But while chief executive Dave Lewis described the performance as a ‘good start to the year’, investors disagree. Shares in the group plunge around 5% to 224.3p in early trade, heading the FTSE 100 loser board. That’s because of the underlying operating ...

Sterling did not know what to make of Prime Minister Theresa May’s Brexit white paper. It dipped, rallied and then dipped again. Even some chatter about a second interest rate increase within the space of a year from the Bank of England on 2 August is offering little support to the currency, at least at the time of writing. The pound is thus nowhere near to recapturing the levels it held on ...

‘I am higher conviction than I’ve ever been on how we add value, why we do what we do, how it works and why it works,’ says Alex Savvides, senior fund manager of his brainchild product, the JOHCM UK Dynamic Fund (GB00B4T7HR59). This collective seeks to profit by backing positive corporate change and offer investors a compelling combination of recovery situations, and restructuring and ...

A strong balance sheet offers business-to-business publisher Euromoney Institutional Investor (ERM) the opportunity to continue its shift towards fast growing data services and away from its traditional asset management base. In the six months to 31 March the £1.45bn company enjoyed 10% revenue growth in its pricing, data and market intelligence arm and 15% revenue growth for its ...

Zoopla’s parent company ZPG (ZPG) was an obvious takeover target and we aren’t surprised to see it receive a 490p per share bid from US private equity firm Silver Lake. Congratulations if you owned its shares before the takeover news was announced. And hopefully you did own them, given that ZPG was one of the six quality stocks we said to buy in the 15 February 2018 issue of Shares ...

Business-to-business publisher Euromoney Institutional Investor (ERM) is set to update on trading on 1 February. With performance figures likely to feature in its 49%-owner Daily Mail & General Trust’s (DMGT) first quarter update on 25 January, investors’ focus may fall instead on Euromoney’s newly acquired specialist unit covering the paper industry which was recently raided by EU ...

UK stock markets are expected to remain quiet in the early session on Wednesday as investors look ahead to today’s Budget speech. In one of the most eagerly awaited in years, finance minister Philip Hammond will announce on Wednesday how much he can afford to help unhappy voters as he faces a potentially sharp deterioration in the economy’s growth prospects. Hammond will begin his speech ...

Publisher Daily Mail (DMGT) sold 32.5m shares in Euromoney (ERM), the business-to-business publisher it founded in 1969, reducing its stake to 49%. Chief executive Paul Zwillenberg is expected to spend proceeds from the stake sale on acquisitions, according to analysts, and may look to sell more of its shares in the business. A substantial chunk of DMGT’s value remains linked to its ...

The recently appointed chief executive of media group Daily Mail & General Trust (DMGT) begins to implement his strategy for the company in earnest selling 32.5m of the company’s shares in specialist publisher Euromoney Institutional Investor (ERM) at 975p. NO SACRED COWS Paul Zwillenberg revealed alongside full year results (1 Dec) that there were ‘no sacred cows’ as he ...

On a quiet day on the corporate front, the FTSE 100 took its cue from strength in Asian and US markets overnight to trade 9.49 points higher at 6,941.04. Bananas-to-mushroom seller and Shares key pick Fyffes (FFY:AIM) is up 42.6% to 184p on a recommended cash offer of €2.23 (189p) per share from Japanese conglomerate the Sumitomo Corporation (8053:TYO). Specialist publisher Euromoney ...