Let’s reform our ugly company tax system and start rewarding long-term investors July 11, 2019 There’s an old saying that if you laid all the economists in the world end to end, they still wouldn’t reach a conclusion. But even so, most of them would agree that Britain’s economy doesn’t invest enough. We’re wedded to short-term consumer demand rather than investing in long-term growth like those sensible Germans. And the [...]
FTSE 100’s best and worst performers in 2019 so far July 10, 2019 | City Talk By Graeme Evans from interactive investor. The blue-chip index jumped over 10 per cent in the first half of this year, but which one surged 68 per cent? It’s been a year of widespread and significant gains in the FTSE 100 index, with blue-chip stocks surging by as much as 68 per cent during the first half of 2019. [...]
Investors forecast returns of 10.7% – millennials expect more July 10, 2019 | City Talk Investors expect total annual returns of 10.7 per cent over the next five years, according to a major new global study. Regionally, returns expectations were highest in the Americas, at 12.4 per cent. In Asia, investors expect 11.5 per cent and the figure was lowest in Europe at 9.0 per cent. The returns include growth [...]
ii view: Sales retreat at Sainsbury’s July 8, 2019 | City Talk By Keith Bowman from interactive investor. Tough comparatives have impacted results for this supermarket, but that is no surprise. First quarter trading for 16 weeks to 29 June 2019 Total sales down 1.2 per cent (excluding fuel) Like-for-like sales declined 1.6 per cent (excluding fuel) Grocery sales fell 0.5 per cent General merchandise sales down 3.1 per cent [...]
The 12 best-ranked major European markets July 5, 2019 | City Talk By Graeme Evans from interactive investor. Find out which country ranks top for best earnings momentum, attractive valuations and profitability. A ranking of major European markets by analysts at UBS has placed the UK at the top of the pile for cheapness, but among the worst for profitability and earnings momentum. Sweden is the top ranked overall thanks [...]
Prudential UK property fund delays withdrawals for up to six months July 4, 2019 Last week Bank of England governor Mark Carney said these types of funds were "built on a lie"
Is this market losing its marbles? July 4, 2019 | City Talk The chart that caught the eye of the Schroders Multi-Asset Investment team this month shows that the relationship between the ISM Manufacturing Purchasing Managers’ Index (PMI) and the S&P 500 index has broken down. The PMI is based on a survey of purchasing managers from more than 300 manufacturing firms. It is a widely followed [...]
High-yielding Greene King shrugs off weather warning July 4, 2019 | City Talk Bad weather is bad news, but the dividend is attractive and Greene King typically excels in winter. On balance, Greene King (LSE:GNK) full-year numbers edge into the “glass half-full” category, as the pub owner and brewer continues to extract value from its brand and estate. Apart from a healthy return on capital of 8.5 per cent, Greene King [...]
A long-term fund wouldn’t prevent another Woodford scandal – it completely misses the point July 4, 2019 Last week, Mark Carney said Woodford-style funds are “built on a lie”
RPS blames Aussies for share price collapse July 3, 2019 | City Talk By Graeme Evans from interactive investor. Profit forecasts slashed and rising debt threatening the dividend, will this crash attract bidders? A recovery for RPS Group (LSE:RPS) since an October profit warning has proved to be short-lived after Australia’s slowing economy derailed progress at the environmental consultancy. The latest warning sent shares in the Abingdon-based business crashing by as much as [...]