UK Real Estate – Investor Monitor
This will be a regular quarterly review, highlighting key investor movements across the UK quoted real estate sector. This analysis suggests that the initial post Brexit fears of overseas capital flight have been overblown, with overseas investors increasing their UK exposure (especially in the sub £1bn peer group) and UK investors selling.
Next Fifteen Communications Plc – Initiation of Coverage
Over the last three years the market has rewarded Next Fifteen for strong, consistent double digit North American organic growth. The high dollar exposure continues to be a positive tailwind. However, substantive progress outside the US has been overshadowed. Margins (ex US) have improved substantially and the shape of the UK business has been transformed.