GKN considers debt raise in order to manage £2bn pension shortfall March 19, 2017 Engineering group GKN is preparing to go to debt markets to raise £200m in an attempt to placate the trustees of its pension scheme, according to reports. The FTSE 100 group is in the middle of a three-yearly review of its pension scheme with 2016 accounting valuations revealing its deficit had swelled by £475m over the last 12 months to [...]
The Mitie short: Hedge funds including Marshall Wace and Old Mutual bet on more share price falls at outsourcing group March 19, 2017 | Sponsored Hedge funds are anticipating further falls in the share price of troubled outsourcing firm Mitie. Marshall Wace, Old Mutual and Henderson Global Investors are among the investors to have disclosed short positions on the company. Read more: Mitie flogs its healthcare business for just £2 Markit data, reported on by the Sunday Times, shows the [...]
How inflation helps ‘value investing’ March 17, 2017 ‘Value investing’ has been resurgent since last summer, as explained here. Inflation can help this type of investing. Kevin Murphy, an author on The Value Perspective blog, explains why. At the very end of last year, in our post Three important investment lessons to take from 2016, we noted in passing that President Trump’s intention to [...]
Is Denver the best place to live and work in America? March 17, 2017 | City Talk The Schroders Global Cities Index ranks the fastest growing urban economies in the world. We write about our favourite cities on the Global Cities Blog. With its close proximity to the Rocky mountains, a rich cultural scene and growing population, we explain Denver's popularity and what that means for global real estate investors. Sitting at [...]
The future of TV: Is it just the walking dead? March 17, 2017 | City Talk In 2014, Netflix CEO & Founder, Reed Hasting, prophesied that “linear” – or traditional broadcast – TV would be dead within 15 years. As the company has grown, so too has the belief that his prediction will come true. However, while the future of broadcast television looks very different, we don’t think TV is finished just [...]
This stock market index rose 289% but could still be good value March 17, 2017 | City Talk Over time, smaller company shares have outperformed larger ones, research shows. The FTSE Small Cap index has risen 289% since its nadir in February 2009, compared with a 158% rise for the FTSE 100. Because of their size, “small caps” have the potential to grow more quickly. The quicker a company can grow its earnings in a [...]
Why does inflation tend to be good news for value investing? March 17, 2017 ‘Value investing’ has been resurgent since last summer, as explained here. Inflation can help this type of investing. Kevin Murphy, an author onThe Value Perspective blog, explains why. At the very end of last year, in our post Three important investment lessons to take from 2016, we noted in passing that President Trump’s intention to [...]
Is Denver the best place to live and work in America? March 17, 2017 | City Talk The Schroders Global Cities Index ranks the fastest growing urban economies in the world. We write about our favourite cities on the Global Cities Blog. With its close proximity to the Rocky mountains, a rich cultural scene and growing population, we explain Denver's popularity and what that means for global real estate investors. Sitting at [...]
Investor relief at Dutch election: what next for stock markets? March 16, 2017 | City Talk European stock markets have expressed relief at the Dutch election result. Traders had been anxious and share prices put under pressure in the run up to polling day yesterday. But centre-right Prime Minister Mark Rutte saw off a challenge from the Party for Freedom (PVV), led by anti-immigration nationalist Geert Wilders. The election had [...]
Miton shares leap 10 per cent as asset manager reports 70 per cent profit jump and management shake-up March 16, 2017 Fund manager Miton’s share price leapt 10 per cent today as the company announced a 70 per cent jump in profits and a senior management shake-up. The figures Miton’s assets under management (AUM) at 31 December were £2.91bn, up from £2.78bn a year before. Adjusted pre-tax profits for the year were up 70 per cent [...]