28 days later…

We’re taking stock four weeks on from the result of the EU Referendum. A great deal of water has passed under some political bridges; but in terms of BREXIT practicalities we’re not much the wiser and won’t be for some time. The eye of the storm is focused on those most exposed to the greatest … More 28 days later…

The winner takes it all…

What does the latest clutch of European earnings reports tell us? Revenues are under pressure and, whilst earnings are beating expectations, the bar was set very low. European companies still have a ways to go on improving their profitability and there’s certainly potential for all-round improvement. But in this low-growth, disrupted and polarized age, any … More The winner takes it all…

Warnings within warnings

UK companies are still issuing a remarkable number of profit warnings, despite a substantial fall in earnings expectations at the end of 2015 – and the start of 2016. This week, we’ve picked out five things we learnt from this quarter’s profit warning data. We’re looking in particular at why some companies are still struggling … More Warnings within warnings

Defaults and dislocation

The bad news first: we start the second quarter with dark clouds gathering. The ECB has pulled out negative rates as its last available weapon to re-energise European economies. UK GDP growth forecasts have been revised downward again. Many companies are complaining of the most difficult trading conditions since the credit crisis. There’s talk of … More Defaults and dislocation

Nothing ventured…

Disruption, disruption, disruption…. It’s a ubiquitous topic, but one that’s impossible to ignore. Companies are constantly being challenged by new entrants offering new products, new platforms, new experiences that could revolutionise their sector – or not. It’s a constant challenge trying to work out where to place bets in a rapidly changing world. One possible way … More Nothing ventured…