Woodford sells shrimp shares on the stock floor July 2, 2019 Neil Woodford has slashed his fund’s stake in Benchmark Holdings, a genetics firm that develops disease-resistant shrimp, offloading £23m of shares as his asset selling spree continues. The stockpicker’s company, Woodford Investment Management, cut its stake in Benchmark from 12.5 per cent to under 2 per cent in a transaction last Friday. Read more: Neil [...]
Bonmarche surrenders, while Creightons makes dramatic charge July 2, 2019 | City Talk By Graeme Evans from interactive investor. The UK consumer is the driving force behind very different outcomes for this pair of tiddlers. Over 50s fashion chain Bonmarche (LSE:BON) raised the white flag last week after seeing the British weather scupper its defence against a £5.7 million takeover by billionaire Philip Day. The retailer, which was valued at £100 million when [...]
If there are problems the government can’t solve, unleash the power of entrepreneurs July 2, 2019 Britain must soon learn to wrestle with more responsibility over its domestic policy than it has had since the 1970s. For decades, the country’s financial direction has been increasingly influenced at a European level, but with Brexit looming, our next Prime Minister and his likely-new chancellor must be prepared to grab both existing and newly-available [...]
Funding Circle shares dive as it halves revenue growth target July 2, 2019 Funding Circle’s shares collapsed today as it slashed revenue growth predictions in half this year, warning that demand for loans is waning amid an “increasing uncertain economic outlook”. The small business loans firm today warned that 2019 revenue growth will hit 20 per cent, rather than the 40 per cent it originally predicted. The peer-to-peer [...]
Kim Kardashian’s business lessons for bosses July 2, 2019 Kim Kardashian West is no stranger to being in the news, but recent stories surrounding her have been a far cry from the usual headlines. For instance, after successfully fighting for convicted drug trafficker Alice Johnson to be granted clemency by President Trump, the celebrity has revealed that she’s studying for a law degree, stating [...]
DEBATE: Does it really matter who becomes the next leader of the Liberal Democrats? July 2, 2019 Does it really matter who becomes the next leader of the Liberal Democrats? Alex Deane, a Conservative commentator, says YES. It is all too easy in British political life to write a party off – and it’s usually wrong. I know Tories who thought in the Blair heyday that they’d never be in power again. [...]
Neil Woodford keeps flagship fund under lock and key July 1, 2019 Embattled stockpicker Neil Woodford remained defiant last night despite confirmation that his flagship Equity Income Fund will stay frozen for at least another 28 days. Read more: Woodford offloads stake in Raven’s property firm In a new video promoted on social media, Woodford defended his trademark strategy of focusing on “undervalued assets”, saying it “will [...]
Revealed: Starling Bank chief’s stake slides as billionaire backer tightens grip July 1, 2019 The chief executive of Starling Bank has lost her position as a major shareholder in the British fintech giant, following a large funding injection in February. Anne Boden, who founded Starling in 2014, ceased to be a person with significant control in the bank in April, according to filings on Companies House. A spokesperson for [...]
Top performing investment companies focus funds on small and unquoted firms July 1, 2019 Almost half of the most consistently overperforming investment companies invest in small and unquoted firms, according to new research. The Association of Investment companies (AIC) analysed members’ performance over a decade, and found that nine of the top 20 firms invest in such companies. Six of the nine top performers invest in small companies, while [...]
Fintech firm Revolut leads list of UK’s top 100 startups of 2019 July 1, 2019 Challenger bank Revolut has claimed first place in a list of the UK’s top 100 startups of 2019, it was revealed today. British fintech startup Revolut topped Startups.co.uk’s Startups 100 list for 2019, as it counts 5m customers around Europe and the UK. Energy startup Igloo placed second, while retail startup Trouva took third place. [...]
