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The Markets
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Proactive UK has moved.
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The Markets
by Proactive
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Small-cap coverage continues on .com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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Pharma & Biotech

Most followed: Old King Coal's reign nears its end

Also covered: Mothercare, Poundland, Ladbrokes, Shell, BG Group, Grafton Group

Old King Coal may not reign for much longer in Blighty, after energy secretary Amber Rudd confirmed plans to stop using it in power stations.

The Financial Times hints at the end of an era, with the first country in the world to embark on an industrial revolution, which was built on the back of Britain's plentiful coal supplies, becoming the first of the world's major economies to put a firm deadline on ending coal power.

The Pink 'Un (that's the FT to thee and me) has taken a look at the winners and losers in Rudd's energy plan and, long story short, gas power companies win.

The FT is less certain that the policy will be much of a boon for the renewable energy sector, with the cash-strapped government looking to withdraw subsidies for onshore wind and solar power support at the earliest opportunity.

Neither can the biomass energy providers draw much comfort, in the FT's view, as Rudd was keeping mum on the government's plans for them.

Talking of keeping mum, Mothercare (LON:MTC), the baby wear and maternity products seller, has benefited from a societal shift that has seen more women over the age of 35 giving birth than those under 25.

Apparently the older crowd are more willing to pay full-price for kids' clobber; put another way, and this is not particularly surprising, young mothers tend to be more skint than older ones.

Elsewhere on the high street, Poundland (LON:PLND) is taking a pounding after a disappointing update in which it said recent trading had been “highly volatile”.

The stores clearly need to get more thirty-something mothers through the door.

Is the £2bn Ladbrokes (LON:LAD) and Coral merger a done deal? I would not bet on it after Irish billionaire and Ladbrokes investor Dermot Desmond said the deal was a right result for Coral's owners and a bad one for Ladbrokes'.

Desmond wants a steward's enquiry, or at least an independent committee on the board to review the merger terms under advisement of an investment bank.

Meanwhile, another merger that is not yet a done deal is Shell's (LON:RDSB) acquisition of BG Group (LON:BG.), although consummation has moved a step closer after the Australian Competition and Consumer Commission cleared it.

Further down the food chain, private investors are taking an interest in an acquisition by Grafton Group (LON:GFTU), the merchanting and DIY group.

It announced on 27 October 2015 that it had signed an agreement to acquire Isero BV, the leading specialist distributor of tools and fixings that trades from 38 branches in the Netherlands.

This morning it announced the transaction has now completed or, as we say here at Most Followed, it is a done deal.

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