Budget 2017: Experts make eight predictions as to what is in store for pensions and savings March 7, 2017 In his Autumn statement chancellor Philip Hammond resisted the temptation of making sweeping changes to pensions and savings. However, according to AJ Bell's senior analyst Tom Selby: “Tinkering with pension contribution allowances is a perennial favourite of chancellors on Budget day and Philip Hammond showed he was no exception in the Autumn Statement." Here's eight topics experts are [...]
There’s a dead simple reason for these record market highs March 7, 2017 As equity markets continue their extraordinary and interminable upward trajectory, it was wonderful last week to see the ever modest leader of the free world taking time off from bashing journalists, among others, to take some well-earned credit for stocks putting on $3.2 trillion in value. Given the fact that both the Dow and the [...]
Brexit challenger Gina Miller’s firm condemns active fund management industry for having “no genuine price competition” March 6, 2017 Brexit challenger Gina Miller has condemned the active fund management industry for having “no genuine price competition”. SCM Direct, an investment management group co-founded by Miller, today released research showing 70 per cent of actively managed equity funds charge an identical annual management charge (AMC) of 0.75 per cent. Read more: Two ways investors can [...]
Brexit, Isis and attracting entrepreneurs: Just some of the challenges faced by mid-market private equity firm Livingbridge March 6, 2017 Private equity firm Livingbridge will likely be tied to its former name, Isis Equity Partners, for some time to come. In 2014, shortly before turning 20 years old, Isis chose to change its name in light of the rising prominence of its namesake terrorist organisation. “It was kind of fine [prior to 2014],” says Wol [...]
Security firm G4S reports results this week March 5, 2017 Security firm G4S will be reporting its 2016 full year results on Wednesday, the same day as the budget. This week’s numbers will spotlight the extent to which the group’s chief exec, Ashley Almanza has been successful in turning around the beleaguered company. Investors will be keen to see what progress the company has made [...]
Aviva and Legal General set to report profit rises March 5, 2017 Insurers Aviva and Legal & General are expected to report profit rises when they report on Wednesday and Thursday respectively next week. Analysts expect Aviva’s full-year operating profits to rise 8 per cent to £2.9bn and Legal & General is likely to advise operating profit increases of £1.6bn, an increase of 13 per cent, compared [...]
Private equity buyouts of UK companies start year at highest level ever March 2, 2017 Private equity buyouts of UK companies have surged to record the fastest start to a year since at least 2001 as investors look to put money to work. Deal value to this point has increased by 73.3 per cent year-on-year, according to data company Mergermarket. There have been 30 private equity buyouts in the first [...]
How Long Is the Investment Learning Curve? March 2, 2017 | City Talk Mistakes and disappointments are not unusual in the investment world. On the contrary, it is investment successes that are rare. Persistent boom-and-bust economic cycles underline the numerous unavoidable challenges that investment decision makers face. Moreover, professional investors rarely have a complete understanding of their own miscalculations or those of others. From poor analyst forecast accuracy [...]
Man Group reports losses and lower performance fees March 1, 2017 Hedge fund Man Group disappointed investors with pre-tax losses of $272m for 2016 this morning, largely driven by accounting write downs at the company’s discretionary investments arm, GLG, and at FRM, Man’s fund of funds business. Performance fee revenues were down to $81m, compared to $302m in 2015, with declines across all divisions. The FTSE [...]
NCC chief exec Rob Cotton has stepped down after profit warnings March 1, 2017 Cyber security group NCC has announced chief exec Rob Cotton has stepped down today with immediate effect. The departure follows two recent profit warnings, and the group is now on the hunt for a new boss and a new chairman. Paul Mitchell, the current chairman, steps down at the end of May. The company recently appointed [...]