If you'd invested in: NEX Group and Carpetright

London based stock exchange NEX Group saw a 70% rise in it share price, and is to be acquired by US exchange operator CME Group. But things are going wrong for flooring retailer Carpetright.

If only...


NEX Group (LSE: NXG), previously known as ICAP, runs a stock exchange for small and medium-sized companies, as well as financial systems to execute and settle forex and fixed-income trades. Its headquarters are in London, but it also has operations in Tel Aviv. The 2017-18 financial year saw revenue rise by 9%, while profits slipped by 3%. In March this year it agreed to a takeover bid from US exchange operator CME Group, which triggered a jump in the share price of more than 30%. In the past six months shareholders have been rewarded with a 70% rise in the stock.

Be glad you didn't buy...


Carpetright (LSE: CPG) , which was once considered a bellwether for the UK property market, has seen its fortunes shift dramatically in recent months as high rents and too many stores have taken their toll. In what it admits was a "very difficult year" the company slumped to a loss of £70m, down froma profit of £900,000 in the previous year. In April, it entered into a company voluntary agreement to stave off insolvency, closing 92 stores and renegotiating rents on the remainder. The share price has collapsed, sliding by more than 80% in the last six months.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Ben Judge

Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.

Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin. 

As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.