Updates

Innovation

September 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

TIG has reported that between April and June it saw reduced claim volumes for its BPO motor insurance business in all its operating regions. Since July there has been some stabilisation in claim volumes and overall profit before tax will be in line with market expectations. That said, TIG also said the German motor and UK property businesses hadn't seen their usual seasonal weather-related peaks and whilst continuing to grow, have grown more slowly than expected. It has therefore begun a cost cutting exercise to match the claims volumes to overheads. This is expected to save Â£6m in the 2010 financial year. This restructuring will result in an exceptional charge in 2009 of approx. Â£2m. ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

JD Sports Fashion - Buys the iconic Canterbury rugby brand

West China Cement - Reveals plans to list in London or Hong Kong

Innovation (October 2015)

Innovation (May 2015)

Innovation (January 2015)

Innovation (September 2014)

Innovation - LAS moves iy into huge "wet" perils market (June 2014)

Innovation (September 2012)

Innovation (January 2012)

Innovation - New contract wins (November 2011)

Innovation (September 2011)

Innovation Group - Targeting building claims alongside core motor claims business (June 2011)

Innovation Group (May 2011)

Innovation Group (January 2011)

Innovation (September 2010)

Innovation (March 2010)

Innovation Group - Â£21m fundraising at 10p (January 2010)

Innovation (June 2009)

Innovation - Two contracts worth Â£4m (May 2009)

Innovation Group - In play (April 2009)

Innovation Group - Q1 sales +17.5% (organic) (March 2009)

Innovation - New customer wins (February 2009)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X