Takeaways: UK economy picks up steam with GDP, employment growth and government borrowing performing strongly Demand for credit from UK companies is on the up, with supply gaps being filled from the increasingly established alternative funders Outlook appears robust for debt capital supply, with the potential UK EU referendum a key risk on the horizon … More As we power ahead, what next for the UK borrowers?
Takeaways: The Eurozone, UK and ‘emerging markets’ have something in common: the sharp juxtaposition of optimism and concern. In varying degrees; but the contrast between opportunity and threat highlights the complicated patchwork of growth and risk companies are navigating. Was it ever thus? Risk isn’t new, but perhaps there is more flying in from ‘leftfield’ … More Eyes down for a fresh look…
Takeways: At pixel time….Greece is offering an olive branch (of sorts) and markets are up. That said, investors didn’t seem perturbed by the breakdown of Monday’s talks. This isn’t 2011. The Eurozone economy is growing, banks are stronger, markets are flush with liquidity, backstops are in place and Greece’s debt is mainly ‘official’. With the … More High noon at the O.K Brussels….
Takeaways: Some of the trends for the year discussed last week are already apparent in events during the first weeks of 2015. Innovation is driving IP-centric M&A and divergent economic performances is showing where future stress points may appear.
All I want for Christmas… I’m not sure Santa will be able to deliver everything on central bankers’ lists this year. Mario must be wondering if he’s made the ‘naughty’ list as Eurozone inflation expectations dip again. Haruhiko got an early present in the form of an Abe election win – a green light for … More All I want for Christmas…
Takeways: The impact of dollar and oil trends on divergent emerging markets caught our eye this week. A timely reminder to check and update plans for different geographies and sectors and realign strategies. As with so much these days, past performance is no guarantee of future growth. Although some things don’t change: Greece is the word … More Crude dollar shakedown
Understanding and navigating risks and identifying and exploiting opportunities are the core capabilities of any competent investor or company executive. Yet, we currently see both groups struggling, being hypnotised by over-blown potential risks and paralysed in the face of potential growth opportunities.
As several recent surveys, including our own Capital Confidence Barometer, have shown, there is a heightened perception of risk for both the investing community and those executives charged with running our largest companies. This risk is comprised of many different strands: geopolitical, financial, regulatory, and even medical. It is important that we can recognise and … More Relearning about risk
According to EY’s 11th bi-annual Global Capital Confidence Barometer (CCB), 40% of companies anticipate pursuing acquisitions in the next 12 months – the highest number for three years. More robust market conditions and expanding deal pipelines should see global M&A return to 2006 pre-crisis volume and value levels after a five-year deal slump. While 2014 … More Dealmaking set to rebound as middle-market looks set to drive M&A
Grey swans prompt market rethink There’s plenty to chew over this week. The rising possibility of Scottish independence, the ECB’s decision to go (almost) all in to avert deflation and stagnation and disappointing US jobs numbers have forced an investor rethink. Break-up and deflation fall under the category of “grey swan” events – conceivable events, … More Grey swans prompt market rethink