John Ficenec

Weak core markets, no recovery for years, cash getting tight and a dividend on the chopping block all mean we think investors should sell Shanks ahead of its results in May.

Shares in the energy sector move lower as the industry is accused of LIBOR like gas price-fixing.

Xchanging announced a solid set of results at the half-year stage with underlying operating profits up 16 per cent to £16m on flat revenues as its self help programme delivered results. The business process outsourcer (BPO) increased operating profit margins from 4.3, to 5 per cent and the cash flowed in with free cashflow up by £16.4m to £19.4m, leaving a strong net cash position.

The risks with this Portuguese energy utility are clear but overstated, the rewards are also obvious for those who care to take a second look at these cheap shares.

The Vix volatility index is near four year lows and the FTSE 100 is approaching year long highs so now is a great time to buy insurance against a crisis next year.

John Ficenec investigates the history of economic cycles and Investors Chronicle sector speciliasts provide some ideas so investors can get ready for whatever happens next.

Mouchel mess leaves shareholders with "limited value".

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25.04.2013