The three fastest-growing trends in healthcare October 23, 2019 | City Talk Healthcare providers around the world are seeking to change the way that care is delivered to patients, due to increased pressure on budgets and higher demand for services. A small minority of patients (with chronic or long-term conditions) often account for a large percentage of overall spending. By treating these patients more effectively and taking [...]
Let’s take a closer look at Neil Woodford’s dubious investment decisions October 23, 2019 The man with the Midas touch. That was how people saw Neil Woodford only a few short years ago. But things didn’t work out that well for King Midas in the end, and the same can be said for the former star manager, whose reputation is in tatters and whose investment empire now set to [...]
‘There’s an awful lot of business’: St James’s Place boss defends rewarding cruises to partners October 22, 2019 The chief executive of St James’s Place has defended the trips offered to its partners as part of the firm’s controversial incentive scheme. The wealth manager is conducting a review into the scheme after details of rewards ranging from white-gold cufflinks to luxury cruises were made public last month. Read more: St James’s Place maintains [...]
St James’s Place maintains inflows amid ‘uncertain external environment’ October 22, 2019 St James’s Place has reported record funds under management (FUM) for the third quarter, after a challenging period for the wealth manager during which the rewards system offered to their partners came under scrutiny. The company said total FUM at the end of September were a record £112.82bn, an increase of 3.2 per cent on [...]
US equity outlook – more gains to come? October 22, 2019 | City Talk The S&P 500 is near record highs, the US economy continues to grow, and the Fed is gently cutting rates in order to help sustain the expansion. Yet sentiment remains fragile at best. Investors are it seems determined to find the ‘next 2008’ at every turn, fretting that a US recession is near and that [...]
Is the Woodford Patient Capital trust a good buy opportunity? October 22, 2019 Following months of turmoil for investors, it took just days for Neil Woodford’s investment business to come crashing down. News that Woodford’s £3.1bn flagship Equity Income fund was to be wound up marked the beginning of the end, and sent the share price of another of his offerings, the Patient Capital trust, spiralling to 32.5p. [...]
Neil Woodford saga could put investors off long-term bets October 21, 2019 Fallout from the collapse of Neil Woodford’s investment empire could deter investors from making long-term bets on young companies, the head of the state-owned British Business Bank’s venture capital arm has said. British Patient Capital chief executive Catherine Lewis La Torre told City A.M. that fallout from the scandal “definitely has repercussions in terms of [...]
Hedge fund Lansdowne bets on market reversal in major portfolio shakeup October 21, 2019 Hedge fund Lansdowne Partners has reportedly undergone a major repositioning of its portfolio, betting that financial markets are nearing a reversal that will lead to falling bond prices and a slump in tech stocks. Read more: Thomas Cook collapse set to net hedge funds millions Lansdowne, one of Europe’s biggest hedge funds, is predicting a [...]
Temasek makes $3bn offer to take control of Singapore’s Keppel Corp October 21, 2019 Sinagaporean sovereign wealth fund Temasek is offering to buy a majority stake in oil rig-builder Keppel Corp in a deal worth around 4 billion Singaporean dollars (£2.3bn). Temasek, which already owns 20.5 per cent of Keppel, said it would increase its stake to 51 per cent. As well as rig-building, the Singaporean conglomerate is also [...]
M&G makes debut as Prudential demerger completed October 21, 2019 Prudential has completed the demerger of its fund management and insurance arm M&G, whose shares have now debuted on London’s main market. M&G was valued at around £5.6bn following the spinoff, which gave investors shares in both companies. Read more: M&G Prudential backs London with £875m investment in City skyscraper Life insurer Prudential announced plans [...]