3i Group posts surge in investor returns for full year to £1.7bn May 13, 2021 3i Group posts surge in investor returns for full year to £1.7bn
Investment manager Brewin Dolphin posts record quarterly inflows of £1bn May 13, 2021 UK investment manager Brewin Dolphin toasted record fund inflows of £1bn in the first three months of 2021. The firm said it beat its own record for total discretionary fund inflows in the second quarter, which helped to boost its total funds by 10.5 per cent to £52.6bn in the six months ended 31 March. [...]
FTSE 100 outperforms global peers as Wall Street opens lower May 12, 2021 London’s FTSE 100 rebounded today after stronger-than-expected GDP data bolstered optimism about a sharp economic recovery. The blue-chip index rose 0.9 per cent this afternoon, with drinks giant Diageo adding 4.1 per cent after forecasting profit growth and restarting its capital return programme. Elsewhere, Wall Street’s main indexes opened lower this afternoon after better-than-expected inflation [...]
Why you shouldn’t try to time the top of the market May 12, 2021 | City Talk At the end of March, the S&P 500 index of US large companies was valued at 34 times its earnings over the past 12 months. This is more expensive than at the peak of the dotcom bubble at the end of 1999, when the figure was 31 times. And it’s a long way above the [...]
Wall Street closes lower as inflation jitters spark broad sell-off May 11, 2021 US stocks closed lower today as rising commodity prices and labor shortages fed fears that despite reassurances from the US Federal Reserve, near-term price spikes could translate into longer-term inflation. While all three indexes pared their losses from session lows, the sell-off was fairly evenly dispersed across the sectors. The Dow Jones Industrial Average fell [...]
Impact investing becomes the hot topic but terminology confuses investors May 10, 2021 UK investors are prioritising responsible investment but remain confused when it comes to investment terminology, new research shows. Nearly two thirds of investors surveyed by Close Brothers Asset Management, who currently have an average of £320,000 invested, are prioritising responsible investment over ‘traditional’ returns. Interest in so-called impact investing has surged in recent years and [...]
Wall Street closes lower on inflation jitters May 10, 2021 Wall Street closed lower on today as inflation fears drove investors away from market-leading growth stocks in favour of cyclicals, which stand to benefit most as the economy reopens. Industrial and healthcare shares limited the Dow’s decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing [...]
UK funds back in favour off the back of successful vaccine rollout May 6, 2021 After a long period of neglect, investors are finally warming to UK funds again off the back of the success of the vaccine rollout. The latest set of Investment Association figures show savers invested £472m into funds in the UK All Companies sector. It comes as the country starts to open up and investors pin [...]
FTSE 100 ends the day on a high while Dow hits new record May 5, 2021 Heavyweight mining stocks pushed the FTSE 100 higher today while Wall Street opened higher on strong jobs data as the Dow Jones hit a record high. The blue-chip index closed 1.68 per cent higher, buoyed by chemicals group Croda’s shares soaring towards the top of the index after it announced a business review assessment. The [...]
Warren Buffett’s Berkshire bounds back from worst of pandemic May 1, 2021 Warren Buffett’s Berkshire Hathaway has said its results are rebounding from the worst effects of the Covid-19 pandemic, and that it has extended its aggressive stock repurchases with $6.6bn of new buybacks. First-quarter results suggest that the Omaha, Nebraska-based conglomerate that owns dozens of businesses, is through the worst effects of the pandemic, including the [...]