Stephen Rawlinson
23 May 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 23rd may 2017

Renew Holdings has delivered its interims to end March today and Homeserve has told us its finals. In both cases the results are good. Morgan Sindall scorched ahead again today with a 5.7% increase to 1257p.

22 May 2017

Softbank Vision Fund - UB40

Pressure to employ capital is the biggest risk

Stephen Rawlinson
22 May 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 22nd May 2017

There is little new news this morning. Civitas, the social housing REIT, has spent another £6m of its £350m equity fundraising. Mortice, a small quoted FM company has won two new contracts worth £2.3m pa in revenue. There is no further news on the proposed acquisition of Berendsen. News flow from AGM updates and March and September year ends flows strongly during the remainder of this week.

19 May 2017

Alibaba FQ4 17- Intuitive integration

Signs that Alibaba is moving to make the most of its ecosystem.

18 May 2017

Google i/o 2017 – Brain game.

Superior brains being used to make its services the best.

Alexandra West
18 May 2017 · 3 min read

Global Xpress has lift off

4th and final satellite launched

Inmarsat’s high profile but somewhat beleaguered Global Express (GX) programme is now almost fully operational. The fourth and final satellite, I-5 F4, was successfully sent into orbit on 15 May. This is significant for the Aerospace and Defence industry because the Global Xpress network provides new bandwidth capacity for secure mobile communications from ships, aircraft and vehicles.

Stephen Rawlinson
18 May 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 18th May 2017

Balfour Beatty has its AGM today and the update wins the prize for the shortest statement so far this year. The surprise news today is that Elis SA has made a proposed offer to buy Berendsen comprising 440p in cash and 0.426 new shares in Elis SA for every Berendsen share.

Richard Windsor
17 May 2017

Android Project Treble – Yellow brick road that leads to a fully proprietary Android OS

The launch of Project Treble sees Google finally moving to address the Android updating problem but it also quietly paves the way for Google to take full control of the Android software.

Stephen Rawlinson
17 May 2017 · 2 min read

Market Commentary - Housing, Infrastructure, Construction and Services 17th May 2017

Countryside’s half year numbers are all that attracts attention this morning in the HICS area as they provide a steer on the housing market, following Crest’s update yesterday. One company that should attract attention is having a Capital Markets Day later, Blue Prism. Its software and products are termed Robotic Process Automation (RPA); essentially the company’s products tackle the routine rules based administration work that abounds in FM and many other areas of HICS sector companies everyday workload.

Gavin Wood
16 May 2017 · 5 min read

Oakley Capital Investments – acquisition of Schülerhilfe from Deutsche Beteiligungs

Third new investment for Oakley Capital Private Equity Fund III within three weeks

Oakley Capital Investments (OCL) has announced a new investment in private tutoring services provider Schülerhilfe via Oakley Capital Private Equity Fund III, which has agreed to acquire the business from DBAG Fund VI, managed by Deutsche Beteiligungs (DBAG). The transaction fits Oakley Capital’s model of partnering with entrepreneurs, with Schülerhilfe CEO Dieter Werkhausen investing in the deal alongside Fund III. OCL’s share of the equity investment is expected to be around €42m, dependent on the final capital structure at completion, with the transaction being partly funded by a debt facility from Alcentra. The investment in Schülerhilfe follows Oakley Capital’s acquisitions of intellectual property and technology services provider TechInsights, announced earlier this week, and web-server management software platform Plesk, announced two weeks ago.