Caird Capital Sharp UK markets analysis, minus the jargon.

Caird Capital

Sharp UK markets analysis, minus the jargon.

Latest Articles

AIM and Inheritance Tax: The Questions to Ask Before the Rules Bite
Pensions & Income

AIM and Inheritance Tax: The Questions to Ask Before the Rules Bite

Inheritance tax relief for AIM shares is becoming harder to rely on in 2026. This checklist sets out what UK investors should verify about trading status, liquidity and holding structures before letting tax relief drive a small-cap investment case.

Sterling Is Quietly Repricing Your UK Equity Returns
Market Analysis

Sterling Is Quietly Repricing Your UK Equity Returns

Currency moves can make a UK portfolio look better or worse than the companies inside it deserve. This analysis separates the translation effect from genuine stock selection, with a practical checklist for measuring hidden sterling exposure before treating a rally as skill.

From Cover to Cash Flow: A Prospectus Checklist for UK New Issues
Capital Markets

From Cover to Cash Flow: A Prospectus Checklist for UK New Issues

A UK listing prospectus is a sales document, a legal disclosure and a warning label rolled into one. Here are seven practical tests for investors sizing up new issues in 2026, from revenue quality and customer concentration to lock-ups and governance.

The Rights Issue Crossroads: Dilution, Discounts and the Choice Facing UK Shareholders
Market Analysis

The Rights Issue Crossroads: Dilution, Discounts and the Choice Facing UK Shareholders

When a UK company asks existing shareholders for fresh capital, the announcement is polished but the decision is blunt. This is a plain-English guide to rights issues, open offers and placings, the arithmetic of dilution, and the signals that separate credible funding from a rescue in disguise.

When the Bid Lands: A UK Investor's Field Guide to Takeover Premiums
Mergers & Acquisitions

When the Bid Lands: A UK Investor's Field Guide to Takeover Premiums

UK plc remains a hunting ground for trade and private-equity buyers in 2026, but an approach is not the same as a completed deal. This field guide explains how to test bid credibility, regulatory risk and the real value of a takeover premium.

The Buyback Ledger: Reading UK Capital Allocation Beyond the EPS Headline
Market Analysis

The Buyback Ledger: Reading UK Capital Allocation Beyond the EPS Headline

UK boards are returning cash through buybacks again in 2026, but the quality of those decisions varies widely. This guide sets out how to distinguish disciplined capital return from balance-sheet presentation, with a practical checklist for UK investors.

The Comfortable Trap: What UK Savers Should Ask Before Adding to the Cash Pile
Pensions & Income

The Comfortable Trap: What UK Savers Should Ask Before Adding to the Cash Pile

UK households are rebuilding cash balances in 2026, and the appeal is understandable. But once inflation, tax and the return available on gilts and diversified portfolios are counted, cash stops looking risk-free. This four-question framework helps investors judge how much is enough.

The New Lenders Next Door: Private Credit and the UK Mid-Market Funding Gap
Market Analysis

The New Lenders Next Door: Private Credit and the UK Mid-Market Funding Gap

Banks are still open for good UK mid-market borrowers, but they are choosing carefully. Private credit funds have filled the space—on different terms and with a different risk profile. This explainer sets out what borrowers and public-market investors should watch.

Pensions & Income

The Balance-Sheet Bonus: Why Pension Surpluses Matter for UK Dividend Investors in 2026

Defined-benefit pension surpluses are changing the cash-flow arithmetic at a number of UK-listed companies in 2026. This analysis explains how surpluses arise, how they can reach shareholders and why equity investors should treat 'cash machine' claims with care.

Seven Phrases That Sound Bullish in 2026—and What They Really Tell UK Investors
Market Analysis

Seven Phrases That Sound Bullish in 2026—and What They Really Tell UK Investors

Fund managers and brokers have a vocabulary of reassurance, and 2026 has produced plenty of it. This decoder examines seven phrases that sound bullish—from 'valuation support' to 'long-term structural growth'—and sets out the questions UK investors should ask before accepting them at face value.