Adding capabilities

In the search for growth, what’s the most important question on business leaders’ minds? Our survey says: “how can I future proof my business?”  It’s a central issue for companies and one that we think is changing the way they are thinking about deals. Companies are still buying for reach and scale; but increasingly they’re looking to buy skills, … More Adding capabilities

Confident?

How confident are UK companies? Our latest UK Capital Confidence Barometer (CCB) shows UK companies surveying the world, acknowledging the risks and adapting to new circumstances. Confidence in the economy and markets is still there, but companies also expect less growth to come from organic sources as they adapt to new economic patterns.  So, this … More Confident?

What does the general election mean for capital?

When we said the second quarter would bring new challenges, a snap UK general election wasn’t on our minds, but political uncertainty was. Therefore, it’s interesting that markets currently seem to be pricing in greater certainty as a result of this week’s announcement. We don’t know if this election will run more to script than … More What does the general election mean for capital?

Q2…something new?

On paper there’s some testing events coming up, from the French election to some potentially pivotal monetary policy meetings and on-going debates around BREXIT and US policy. Geopolitical tensions are also heightened. But, we’ve been through difficult quarters before without there being much discernible change on the ground in terms of investor sentiment and corporate attitudes … More Q2…something new?

A new chapter

So another quiet week then! Ostensibly nothing has changed; but, by triggering Article 50 the UK has begun a new chapter. There’s a risk of greater volatility as negotiations begin and investors try to second guess the ending. No spoilers here, but this week, I’ll talk about the importance of narrative, the changing story and … More A new chapter

The ‘BREXIT delta’

We talked here before about the differential impact of BREXIT on UK share prices, but what about multiples? This week we’d like to look at how UK market multiples have changed in the last year – in absolute terms and against their European peers.  A few sectors stand out in particular…could this make them a target … More The ‘BREXIT delta’