UK assets are very compelling when looked at on a global basis March 8, 2019 | Sponsored As City AM is chatting with Mark Slater, warnings of a ‘No Deal’ Brexit are again flashing across the media headlines. The biggest news story in town is impossible to ignore as Theresa May, Donald Tusk and co make painfully incremental progress in their high-stakes discussions about Britain’s EU exit. But as the politicians flounder, Slater’s [...]
Stockwatch: A recovery play and takeover target March 8, 2019 | City Talk By Edmond Jackson from interactive investor Persistent director buying implies long-term value at this well-known firm, argues our shares analyst. Have shares in £260 million price comparison website Gocompare.com (LSE:GOCO) finally bottomed out? Four non-executive directors appear to think so, buying nearly £44,000 worth of stock at around 65p once the company was out of [...]
How climate change claimed its first corporate casualty and the lesson for income investors March 8, 2019 | City Talk The last few decades have seen the perception gain ground in markets that a combination of cash generation and state backing makes utility companies pretty much shockproof as income-yielding investments. The fate of Pacific Gas & Electric (PG&E), which last week filed for bankruptcy protection in the US, should serve as a stark reminder no [...]
Barclays, HSBC, JP Morgan back Wealthiher initiative to help women with wealth March 8, 2019 Some of the City’s biggest firms and major international banks have thrown their weight behind an initiative to help women grow and protect their wealth. Read more: Women-led startups win under 10 per cent of VC funding Wealthiher will showcase the rise in women’s wealth, and highlight the different needs that wealthy women have. The [...]
Fund outflows continue for fourth month as investors remain cautious March 7, 2019 Net fund outflows continued in January, becoming fourth consecutive month of losses as investors remained cautious. Outflows hit £859m in January as investor appetite was dampened by continued Brexit uncertainty and trade tensions. Read more: Net retail sales plummet as investor confidence knocked by uncertainty Europe and UK equity funds saw net retail outflows of £450m and [...]
Gresham House assets under management soar by 250 per cent March 7, 2019 Specialist asset management firm Gresham House trebled its assets under management (AUM) in 2018 following a string of acquisitions. Shares were up more than three per cent on the news that AUM had soared 250 per cent in the year to the end of December last year, rising from £649m to £2.3bn. Read more: Gresham [...]
What you should make of Woodford’s unquoted asset sale March 7, 2019 | City Talk By Jemma Jackson from interactive investor. Here’s our take on Woodford Equity Income Fund’s sale of unquoted stock to Woodford Patient Capital. On Friday, we heard that the Woodford Equity Income (WEIF) has sold some of the portfolio’s individual unquoted stocks to Woodford Patient Capital Trust (WPCT) in exchange for shares in WPCT. Dzmitry Lipski, [...]
Schroders profits fall 15 per cent on weak investor sentiment March 7, 2019 Schroders saw profit drop 15 per cent last year as the asset management giant was hit by weaker investor sentiment due to political and economic uncertainty. The figures Profit before tax fell 15 per cent to £649.9m from £760.2m in the 12 months to the end of December last year. Read more: Schroders and Lloyds [...]
Three reasons why investors should consider the UK stock market March 6, 2019 | City Talk By Tom Bailey from interactive investor. UK shares are now at their 'cheapest' since the First World War, says JPMorgan fund manager. It's no secret that the UK market is out of favour right now, and has been since the EU referendum in mid 2016. Fearing the still-to-be-decided outcome of Brexit and the potential for [...]
Lord Rothschild warns on market volatility after ‘difficult and treacherous year’ for investors March 5, 2019 Last year was the “most difficult and treacherous year for investors” in a decade, Lord Rothschild said today as his investment trust RIT Capital Partners reported shrinking net asset value. The company said Net Asset Value (NAV) per share was 1,821p in the year to the end of December 2018, down from 1,839p the previous [...]