Author: Ian Conway
Ian Conway has worked in financial markets for over 30 years as a bond and equity trader, Extel-rated analyst and strategist, and partner of a stockbroking firm. He also founded a financial research company servicing institutional clients prior to writing for and editing Shares magazine. Ian is primarily an income investor although he also buys selected growth stocks. Find him at LinkedIn: Click Here
AIM-listed infection prevention business Tristel (TSTL) is an attractive growth company with strong margins and a strong balance sheet. Given its potential to ‘clean up’ in the US market, where revenue is growing exponentially, it is also undervalued. Tristel makes and distributes chlorine dioxide for the healthcare sector, where surfaces and medical devices need disinfecting to reduce risks to patients and staff. Volume sales are growing at double digits, while the firm is also able to increase prices at or above inflation. The growth opportunity in the US, where sales rose sixfold in 1H26, means analysts and investors are under-pricing…
Shares in Holiday Inn owner InterContinental Hotels Group (IHG) fell 5% after news the company is facing a CMA (Competition & Markets Authority) investigation. The announcement adds to pressure on the stock as international tourism is expected to take a dive on conflict in the Middle East. Share price: $131 (-5%)PE: 23.9xMarket cap: $20.8bnYield: 1.5% Information sharing IHG, along with Hilton Hotels (HLT) and Marriott International (MAR), is suspected of sharing sensitive information. Specifically, all three are thought to have shared hotel data from analytics tool STR, owned by CoStar (CSGP). The CMA has no issue with companies using data…
Warehouse and data centre investor Tritax Big Box REIT (BBOX) joined the big league with promotion to the FTSE 100. The move was part of the London Stock Exchange’s quarterly review of the large-cap and mid-cap indices. Winners and losers Tritax, whose shares are up 13% year-to-date, has a market cap of £4.6 billion. Its promotion marks a milestone as it means there are now seven investment trusts in the big-cap index. Joining Tritax in the FTSE 100 is online trading platform IG Group (IGG), with a market cap of £4.35 billion. Leaving the index are budget airline Easyjet (EZJ)…
After a tumultuous start to the year, we have put together a list of the most shorted UK and US stocks. As a reminder, we did the same exercise just for UK stocks at the end of 2025, so has anything changed? For the uninitiated, short selling involves borrowing stock and selling with the aim of buying back at a lower price. We have to stress this is only recommended for professional and institutional investors, NOT for retail investors. This is because the ‘risk-reward’ involves a great deal more risk than reward. The reward is limited since the share price…
Shares in aerospace equipment and engine maker Melrose (MRO) dropped 14% after the firm’s FY26 outlook undershot forecasts. The fall wiped out the stock’s previous gain of 9% year-to-date in one blow. Share price: 546p (-14.7%)PE: 22.5xMarket cap: £7bnYield: 1.1% Below forecasts The FTSE 100 company posted in-line FY25 results, with revenue of £3.59 billion and adjusted operating profit of £647 million. On a LFL basis, revenue was up 8% while profit was up 23% driven by increased Engine and Defence demand. ‘Melrose delivered another strong performance in 2025’, commented CEO Peter Dilnot. ‘We have positive momentum and are well-positioned…
Online sports betting firm Flutter (FLTR) swung to a loss for FY25 and issued disappointing guidance for FY26. The shares slid 11% to £80.80, taking losses for 2026 to more than 40% and leaving them at a three-year low. Share price: £80.80 (-11%)PE: n/aMarket cap: £14.4bnYield: n/a Double disappointment Group revenue for FY25 was $16.38 billion, up 17% on FY24 but below the most recent guidance of $16.69 billion. Meanwhile, EBITDA was $2.84 billion, up 21% but again below the last official guidance of $2.91 billion. At the bottom line, Flutter swung from a net profit of $162 million to…
Shares in Hikma Pharmaceuticals (HIK) tumbled 16% after the company posted a disappointing FY26 sales and profit outlook. The FTSE 100 stock dropped to £13.87 on the update, its lowest level in more than three years. Share price: £13.87 (-16%)PE: 11.1xMarket cap: £3bnYield: 3.6% Guidance disappoints The company, which makes treatments for cardiovascular diseases, infections, cancers and diabetes, made the forecasts alongside its FY25 results. It also unveiled senior leadership changes intended to give the group ‘more agility and greater accountability’. For FY25, the firm reported sales of $3.35 billion, up 7% and in line with market expectations. Core operating…
Shares in WPP (WPP) fell 8% to a new low of 250p after it published weak FY25 results and announced a strategic overhaul. Today’s drop took the global media group’s stock price to its lowest level in almost three decades. Share price: 250p (-8%)PE: 7.5xMarket Cap : £2.8bnYield: 6% Large writedowns For 2025, WPP posted a 10.4% drop in revenue less pass-through costs to £10.1 billion. Reported operating profit dropped a whopping 71% to £382 million due to sizeable goodwill and property impairment charges. New CEO Cindy Rose put the results down to ‘excessive organisational complexity, a lack of an…
Shares in LSE Group (LSEG) gained 4.8% to £81.66 after the firm raised its medium-term growth targets and its share buyback. The news came alongside results for FY25 showing steady if unspectacular growth across the business. Share price: £81.66 (+4.8%)PE: 19.4xMarket cap: £38.8bnYield: 1.8% Small earnings beat The group, which owns the London Stock Exchange, posted a 5.5% increase in total revenue to £9.35 billion last year. That matched the company-compiled consensus of £9.34 billion, while adjusted EPS of 420p beat the 415p forecast. Revenue from Data & Analytics, which accounts for over 40% of group income, increased by 5%…
Construction and fit-out firm Morgan Sindall (MGNS) posted forecast-beating earnings and raised targets for two of its divisions. Less than a fortnight ago the company increased its FY26 financial guidance thanks to its record forward order book. Share price: £51.70 (-3%)PE: 14xMarket cap: £2.5bnYield: 3% Record order book For FY25, Morgan Sindall reported adjusted pre-tax profit of £233 million, up 35% on the previous year. Adjusted EPS increased by 33% to 370p, comfortably ahead of the 355p/share consensus. Group revenue increased 10% to £5 billion thanks to a particularly strong result in Fit-Out, where revenue rose 37%. Construction also put…













