Latest research


A good year, but not as good as anticipated

Update | Industrial Support Services | 24/03/2017

A slower end to FY17 for UK operations has lowered market guidance to c £9m EBIT for the year, c 12% below our previous estimate (but still…


Combination trials start, FY16 results

Update | Pharmaceutical & healthcare | 24/03/2017

Transgene has announced the initiation of two clinical trials of its main assets in combination with immune checkpoint inhibitors (ICIs). A Phase I trial…

Volution Group

Investing for growth

QuickView | Construction & Building Materials | 24/03/2017

Investment – organic and inorganic – is a key theme of Volution’s H117 results, contributing to healthy y-o-y growth. Volution has the…

UK Commercial Property Trust

Income key in world of low numbers

Initiation | Investment Companies | 24/03/2017

UK Commercial Property Trust (UKCM) is a property investment company which seeks to generate an attractive and sustainable income with potential for capital…

IG Design Group

Outperformance in the bag

Update | Consumer Support Services | 24/03/2017

IG Design has had a very good second half trading and has issued a year-end update indicating that numbers will exceed market estimates. We have lifted…