High-yielding trust Foresight Environmental Infrastructure (LON:FGEN) generated a net asset value (NAV) total return of 6.2% for FY26. The resilient renewable energy fund delivered positive NAV growth across all four quarters of the year. Despite what outgoing chair Ed Warner described as ‘broader market challenges’, FGEN’s NAV held up well at 105.2p (FY25:106.5p). The solid results showcased the benefits of FGEN’s portfolio diversification and investments in some growth assets. Income investors should also note FGEN met its FY26 dividend target of 7.96p, with dividend cover healthy at 1.25 times. Moreover, the fund reaffirmed its FY27 dividend target of 8.04p. That…

Shares in FirstGroup (LON:FGP) rallied after the transport firm delivered better-than-expected FY26 profits and launched a fresh £100 million share buyback. The UK transport sector faces headwinds from rising costs, lower consumer confidence and policy uncertainty. Yet this FTSE 250 bus and rail operator continues to benefit from its UK-focused diversification strategy as well as self-help measures. Following FY26’s stronger outturn, FirstGroup expects earnings per share (EPS) to hold steady in FY27 from ‘a higher quality earnings base’. On the road to growth For the year to March 2026, FirstGroup’s revenue grew 25% to the best part of £1.72 billion…

In the latest episode of the Podcast, the Sharesify gang talk SpaceX (NASDAQ:SPCX), wider market moves, and why some resilient updates from consumer stocks owed much to self-help measures. Our markets watcher Ian explains why Elon Musk’s reusable rockets giant is sucking money out of other space stocks. He also previews tonight’s big interest rate decision from new Federal Reserve chairman Kevin Warsh. Tech expert Steven discusses whether retail investors should bank Alphabet (NASDAQ:GOOG) profits and switch into Microsoft (NASDAQ:MSFT). The latter has underperformed despite remaining one of the world’s strongest AI franchises. Finally, James walks us through the latest profit upgrade from…

Online electricals retailer AO World (LON:AO.) delivered record FY26 results including forecast-beating adjusted pre-tax profits of £50.5 million. Reflecting its strong cash generation, the Bolton-based company will return a further £20 million of cash to shareholders through a special dividend and a fresh buyback. Which begs the question, why did the shares fall in early dealings today? Well, AO World’s outlook statement was on the cautious side. And the laptops-to-fridges seller has treated investors to a series of profit upgrades of late. So the absence of an upgrade to FY27 guidance also weighed on the stock. Delivering the goods Despite…

Shares in PZ Cussons (LON:PZC) rallied after the consumer goods group delivered another FY26 profit upgrade amid ‘continued strong trading’. The positive earnings revision demonstrated that CEO Jonathan Myers’ refreshed growth strategy is working. The Carex brand owner’s year-end net debt is expected to be more than £80 million lower year-on-year at below £30 million. This follows the sale of a stake in a joint venture. For the year to May 2026, PZ Cussons now expects to report adjusted operating profit ‘at, or slightly above’ the upper end of the previously guided £53 million to £57 million range. At the…

Embattled Alternative Income REIT (LON:AIRE) has ‘strongly advised’ shareholders take no action in relation to a hostile bid from Glenstone. AIRE argues the 70p cash offer at a 17% discount to net asset value (NAV) could be detrimental to minority shareholders. They could be left stranded in a company dominated by Glenstone, which is AIRE’s biggest shareholder. Frustratingly, AIRE remained tight-lipped about why AEW UK REIT (LON:AEWU) walked away from an earlier bid. Simon Bennett and Stephanie Eastment are AIRE’s two independent directors. They insisted there are no material issues that haven’t been disclosed with regard to AEWU’s lapsed offer. Discounted…

Shares in IG Design (LON:IGR) rallied to a 52-week high after the celebrations-to-craft products maker delivered forecast-beating FY26 results. Following a balance sheet reorganisation and another strong period of cash generation, the company reinstated the dividend with a 1p final payout. In a further show of confidence, IG Design launched a buyback of up to 10% of its share capital. There was also relief as the Newport Pagnell-based firm left FY27 guidance unchanged despite cost pressures and a challenging consumer backdrop. Turnaround traction AIM-traded IG Design’s turnaround strategy has traction. As flagged in April, the year to March 2026 ended…

Increasingly, the world’s fastest-growing companies are opting to remain private for longer. Why is this? For one, there is far more capital available to private businesses today than there was 30 years ago. Furthermore, the regulatory burden of a public listing makes staying private the path of least resistance for many companies. In many cases, the most attractive period of a company’s growth occurs before it reaches public markets. Elon Musk’s SpaceX (NASDAQ:SPCX) may have gone public in the biggest initial public offering (IPO) the world has ever seen. Yet for now, most of the innovative firms in the space…

In our latest Podcast special, Steven Frazer and James Crux are joined by Jack Featherby of JPMorgan European Discovery Trust (LON:JEDT). The fund aims to provide capital growth from a diversified portfolio of high-quality smaller companies in Continental Europe. Our special guest explains why the investment trust structure is the best way to capture the small cap illiquidity premium. Jack talks us through his process for uncovering some of the most attractive, yet lesser-known investment opportunities across the Continent. He also walks listeners through the bull cases for the trust’s three largest positions. These are Scandinavian financial services company Storebrand…

Mike Ashley-controlled retail conglomerate Frasers (LON:FRAS) has launched an all-cash takeover offer for Antipodean sportswear seller Accent (ASX:AX1). Australia’s largest footwear retailer is Frasers’ partner in expanding Sports Direct into Australia, where 30 new stores are planned. British billionaire Mike Ashley is in the midst of one of his particularly deal-hungry moods. The £166 million offer for Accent comes hot on the heels of Fraser’s £1.7 billion bid for Hugo Boss (ETR:BOSS). The German fashion retailer is a key brand partner for the FTSE 250-listed Frasers. Putting the Accent on growth Sports Direct-owner Frasers currently holds 22.9% of Accent’s share…