Vodafone: Has the share price found a floor? June 11, 2019 | City Talk By Graeme Evans from interactive investor. At extreme levels and with a heap of bad news priced in, this analyst discusses how they can recover. Rebuilding confidence in the battered Vodafone (LSE:VOD) share price won’t be quick or easy, particularly with sentiment still largely negative after last month’s first ever dividend cut. What matters most at the moment is [...]
Auto Trader bullish on growth prospects June 10, 2019 | City Talk Amid fears of a slowdown in UK car sales, our head of markets talks us through the big numbers. This sparkling set of annual results from Auto Trader (LSE:AUTO) is tainted only by a more guarded outlook from the company, implying that a repetition of the numbers is unlikely. The majority of the metrics reflect Auto Trader’s [...]
FCA under scrutiny from MPs after Woodford suspension June 10, 2019 The City regulator has come under scrutiny from MPs over the suspension of Neil Woodford’s flagship fund. Nicky Morgan MP, chair of the treasury committee, wrote to the Financial Conduct Authority (FCA) today regarding last week’s suspension. Investors are unable to trade or withdraw money from the Woodford Equity Income Fund after it was frozen [...]
Fund spotlight: UK Buffettology Fund June 7, 2019 | City Talk by Dzmitry Lipski from interactive investor. interactive investor’s analysts give an update and view on the UK Buffettology Fund. Warren Buffett’s recipe for success looks simple but few have successfully managed to replicate it. His well-known ‘Business Perspective Investing’ principles are hard to follow consistently and require patience, discipline and an ability to look at an investment like you [...]
Ex-City minister slams FCA after Woodford suspension June 7, 2019 Former City minister Lord Myners slammed the financial regulator for failing to act on signs that Neil Woodford’s flagship fund was in trouble. Myners said the Financial Conduct Authority “should have been awake” to issues at the Woodford Equity Income Fund. The former star trader’s fund was suspended this week following a surge in investor [...]
Retail fund sales bounce back after six months of outflows June 6, 2019 The fund market returned to positive net retail sales for the first time in six months in April as investor confidence bounced back. Sales reached £2.2bn as savers embraced ISA season, with sales that can be directly traced back to an ISA wrapper hitting £826m. Read more: Brexit chaos sparks fifth consecutive month of fund [...]
India: Enormous advantage for UK investors June 6, 2019 | City Talk By Rodney Hobson from interactive investor. There are lots of reasons to invest in India now. Our international columnist runs through them here. Rodney Hobson is an experienced financial writer and commentator who has held senior editorial positions on publications and websites in the UK and Asia, including Business News Editor on The Times and Editor of Shares [...]
What’s gone so wrong for Neil Woodford? June 5, 2019 In the not-so-distant past, Neil Woodford was a bit of hero, beaming among the failed fund managers who had blindly bought into the tech boom of 2000. But sometimes stars fall. Or in Woodford’s case, they implode. News that Britain’s most famous fund manager has blocked withdrawals from his flagship fund may have left us stunned, but it’s [...]
Fevertree Drinks: Does 20% slump offer rare chance to buy? June 5, 2019 | City Talk By Edmond Jackson from interactive investor. It’s one of the great stock market success stories but is vulnerable to shifts in sentiment. Our companies analyst shares his thoughts after a savage sell-off in May. Following my recent review of soft drinks firm Britvic (LSE:BVIC), it is pertinent to compare the risk/reward profile of AIM-listed Fevertree (LSE:FEVR) – both as a potential [...]
Invest in green energy, urges minister, as financial risks of climate change ‘too important to ignore’ June 3, 2019 Pensions minister Guy Opperman has urged fund managers to “do the right thing” and put money into renewables. Read more: Shell switches 700,000 customers to renewables as it rebrands First Utility Speaking in London, he said pension and investment managers must take their environmental responsibilities seriously to help fight global warming. Opperman said: “The financial [...]