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The Markets
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Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Pharma & Biotech

Most followed: Star Wars film studio up for sale

New Hampshire, New Danger? Trump wins comfortably while Clinton is trounced by Sanders. Meanwhile, Hornby and Goldman Sachs are both backtracking.

Bernie Sanders's fund-raising web site was inundated with enquiries after his convincing defeat of Hillary Clinton in the New Hampshire primary election.

He name-dropped his web site during his victory speech, prompting a flood of donations that the company charged with processing them had difficulty handling, judging by tweets on social networking site Twitter.

While the Democratic candidate said he would not be trundling off to Wall Street to raise funds for his campaign, Republican presidential wannabe Donald Trump, fresh from his victory in the Republican primary in the same state, pledged to rely heavily on businessmen to conquer the [economic] world for America should he become president.

"Politicians are making deals for their benefit. Now we are going to make the deals for the American people,” Trump said.

"We are going to start winning again. We don't win on trade, we can't beat Isil. We are going to win so much. We are going to make America greater than ever before," said the man who could end up in charge of what is already the world's largest economy.

In the past 60 years most candidates who reached the White House did so after success in party nomination votes in New Hampshire, the Daily Telegraph noted, before adding the caveat “except for the last three presidents”, who were all elected despite losing in the state.

Pinewood Group (LON:PWS), the company that owns the studios where much of the second set of Star Wars movies were filmed (there's the picture for this item sorted – Ed.), has put itself up for sale.

Shares rose 18.6%, pushing its market capitalisation up above £300mln.

Across the pond, Yelp became the latest technology stock to make its shareholders … er … Yelp with pain yesterday, as its chief financial officer, Rob Krolick, revealed he is to walk the plank.

The announcement coincided with the release of fourth quarter results that cast serious doubts on the company's ability to make good on Krolick's prediction it would rake in about $1bn in revenue a year by 2017.

The local businesses listings site's results were actually better-than-expected, but the outlook statement was gloomy and only confirmed Wall Street's fears that the latest tech boom has run out of steam.

Talking of running out of steam, Hornby (LON:HRN), owner iconic toy brands Scalextric, Airfix, Corgi and, of course, Hornby – issued a profit warning, blaming the disruption caused by its new enterprise resource planning system.

As a maker of model railways Hornby knows a lot about back-tracking but it could learn a thing or two from Goldman Sachs, which has already changed its mind about five of its top six trading tips for 2016 just six weeks into the year.

As news agency Bloomberg notes, the investment bank has been wrong with a number of key calls, such as buying the dollar versus a basket of euro and yen, its prediction of yields on Italian bonds versus their German counterparts and US inflation expectations.

It probably also forecast Hillary Clinton to win the Democratic nomination for the presidential election.

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