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ECONOMY
Safestay losses narrow as hostel group’s revenues rebound
Safestay has slashed annual losses by more than 90 per cent, despite Covid-19 restrictions continuing to keep its hostels closed for much of last year.The budget accommodation chain posted a loss of £599,000 in 2021 compared to a…
Insurer Phoenix Group confident of hitting top end of forecasts
Phoenix Group is forecasting cash generation to reach the high end of annual forecasts, following a jump in demand for pension deals. The FTSE 100 firm generated a record £950million of cash during the first six months of 2022, a…
BUSINESS CLOSE: Phoenix Group tops expectations; Joules names new CEO
The FTSE 100 has closed up 0.1 per cent to 7,509.15, while the FTSE 250 ended the day up 0.2 per cent to 20,382.76. Among UK companies with reports and updates are Phoenix Group, Joules Group, Safestay and AstraZeneca. Read the Monday 15…
TEMPLETON EMERGING MARKETS: Better times ahead?
Investment trust Templeton Emerging Markets has had a year to forget, resulting in shareholders seeing the value of their shares fall by more than 20 per cent. Yet Andrew Ness, one of two managers overseeing the trust's £1.73billion…
BELLEVUE HEALTHCARE TRUST: Managers confident for future
The managers of investment trust Bellevue Healthcare are confident the future of the global healthcare industry is a bright one. Ageing populations across the world and the exponential growth in chronic illnesses mean demand for…
Finsbury Growth & Income buys more Fevertree shares
Finsbury Growth & Income has outperformed the market for the first time in months after a number of its top holdings saw a turnaround in performance. In a cheerful update, manager Nick Train said that his £2billion trust delivered…
MIDAS SHARE TIPS: Looking for a flow of profits, then try Halma
When David Barber took the helm at Halma in 1972, it was a shell company, listed on the London Stock Exchange but doing very little. That suited Barber just fine. He had plans for this former tea plantation business, founded in…
MIDAS SHARE TIPS UPDATE: Our tip Judges Scientific’s 11-fold rise
Long-serving chief executives are a rarity in the stock market today but, just as Andrew Williams' 17-year stint at the top has served Halma well, so has David Cicurel's long tenure at Judges Scientific. Cicurel founded the scientific…
MIDAS SHARE TIPS: For steady 5G profit try Spirent Communications
In 2013, around 2.5 billion people used the internet worldwide. Today, more than five billion citizens are online daily, sending texts and emails, watching YouTube and TikTok videos, streaming films, using satellite navigation or logging on…
MIDAS SHARE TIPS UPDATE: Lighten load with ship giant Clarkson
Midas recommended Clarkson in February 2021, when Covid-19 was still a potent force but businesses were starting to feel as if recovery was in sight. Back then, the stock was priced £26.75. Today, shares in the shipping specialist are…
