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…

All about growth

The tumultuous start to 2016 has raised fears about US growth prospects – to the point where we need to address recession talk. Given the increasingly loose monetary outlook, a US recession and/or global downturn seem an unlikely scenario without a significant, systemic trigger. More of the same slightly sluggish growth is the most likely … More All about growth

Perplexing times – but we’re not calling time on M&A just yet

Takeaways: The 2015 rollercoaster continues. Markets raced back up in October for some good and some more speculative reasons. ‘Payroll Friday’ brought another twist and another lurch. Managing currency risk, raising capital and picking commodity prices will be tougher going in the rest of 2015. These are perplexing times, but this shouldn’t stop smart deal making. … More Perplexing times – but we’re not calling time on M&A just yet

Shifting narratives?

Takeaways: Despite – or perhaps because of – the disappointing US payroll numbers, markets have started Q4 in buoyant mood.  A confluence of events have contributed to the mild ‘melt-up’, including payroll inspired ‘looser for longer’ hopes, a ‘quiet’ China and suggestions of an oil price revival. This calm augurs well for the IPO market, … More Shifting narratives?

What’s next? Seven questions, six charts and two illuminating deals.

Takeaway: Of course Greece isn’t out of the woods. We remain convinced that the only sustainable way forward is through debt reconstruction. It’s not off the table, but it’s not on it either. So, whilst this debate remains parked on a hostess trolley in Brussels, we’re going to ask a few questions to help take … More What’s next? Seven questions, six charts and two illuminating deals.

The future isn’t what it used to be…what next for earnings?

Takeaways:  UK companies are issuing more profit warnings now than 2014. It would be easy to blame election stutters, sterling or oil prices, but the struggle to forecast isn’t new. Volatility, price pressure and disruptive influences have proved to be a troubling mix in this recovery – especially when costs are already cut to the … More The future isn’t what it used to be…what next for earnings?