Investec’s wealth manager moves property funds to Thorpe Park and care homes July 26, 2016 Investec Wealth and Investment has turned its attention away from conventional property investment and towards GP surgeries, theme parks, hospitals, care homes and student accommodation. The wealth management and investment services division of Investec said on Tuesday morning that it had redeployed around 20 per cent of its real estate exposure – equating to £200m – from [...]
Profits and shares fall at hedge fund that’s about to lose its Man July 26, 2016 Hedge fund company Man Group today committed itself to the UK as it reported a large drop in profits for the first half of the year. The share price of Man, whose chief executive Manny Roman is leaving for Pimco later this year, dropped around three per cent to 119p on Tuesday morning after the interim results [...]
Biotech, robots, Fangs – what’s the hottest tech to invest in? July 26, 2016 The sudden craze for mobile game Pokémon Go has brought the spotlight back onto the potential for investors in technology. The game became the fastest-adopted in history following its release two weeks ago, and shares in co-owner Nintendo rose a massive 70 per cent. The share price has since been tempered with a 17 per cent [...]
No Regrexit among UK investors with FTSE 100 at 11-month high July 25, 2016 With the FTSE 100 trading at its highest level since the summer of 2015, retail investors have reported no regret over how they voted in the EU referendum. Unsurprisingly perhaps, a poll by the Share Centre has revealed 56 per cent of investors say they are happy with the result of the referendum – bang in [...]
Speedy Hire raises hackles of Rottweiler July 24, 2016 One of Speedy Hire’s largest shareholders will call for an extraordinary general meeting this morning due to frustrations around its performance and management. The building equipment supplier’s share price has fallen sharply over the last couple of years due to a series of profit warnings. Toscafund, which has a near 20 per cent stake in Speedy [...]
Asset manager ICG talks up prospects after Brexit vote July 21, 2016 Alternative asset manager Intermediate Capital Group has told shareholders it is “well placed to deal with” Brexit uncertainty. Chief executive Christophe Evain, who recently said Brexit the vote was “terrible” for London in an interview with City A.M., acknowledged that reduced levels of M&A activity are expected after the referendum, “resulting in a slower investment pace in the [...]
Manny leaves Man Group: Arsenal and Remain supporter heading for Pimco July 20, 2016 On 30 April, as Arsenal faced Norwich at the Emirates Stadium, fans staged a protest with some targeting long-serving (and highly-paid) manager Arsene Wenger. Man Group chief executive Emmanuel (Manny) Roman – who, it was today announced, is leaving for Pimco –may well have felt some sympathy for his fellow Frenchman. The Gunners supporter was, after all, [...]
Four European hidden gem stocks for your portfolio July 20, 2016 Europe's investment markets are wallowing in an unprecedented level of support from the European Central Bank (ECB). They are being cossetted by a massive €1.7 trillion QE programme, much of which is likely to find its way into stock markets and raise share prices. Negative interest rates are also encouraging banks to invest and the ECB [...]
UK shares and property worst hit as investor confidence plummets after Brexit vote July 20, 2016 Investor confidence has suffered a “substantial drop” since the EU referendum, a new report has found. Lloyds Bank said its investor sentiment index, launched in March 2013, has fallen to its lowest ever level, turning negative for the first time. It found investor confidence is increasingly negative in relation to asset classes exposed to the UK. Read more: [...]
Pokémon Go: Should you invest in Nintendo? Investors are set for share price slump, but longer term virtual reality games will prove a winner July 20, 2016 The craze for newly-released mobile game Pokémon Go has sent shares in co-owner Nintendo up 75 per cent. Pokémon Go has been downloaded over 15m times since it was released last week. It currently ranks as the fastest adopted game in history. So far, it’s available to play in the UK, US, Germany, Australia and New [...]