Is gold making a comeback? June 12, 2019 | City Talk A rise in the price of gold has coincided with a renewed interest in the role of bullion as a monetary asset. Eclipsed since the early Seventies by paper assets and, occasionally, even cryptocurrencies, gold is once again heralded as a risk-free asset with three huge plus points. These are that it is universally acceptable, that it [...]
Should you follow directors into this bombed-out stock? June 12, 2019 | City Talk By Edmond Jackson from interactive investor. Down almost 90% from its peak, our shares analyst examines recovery potential at this household name. Should you trust company directors or hedge funds with their dealings, or make your own judgment? The current situation at former mid-cap AA (LSE:AA.) is a stark example as directors buy into an 88% drop since 2015 as [...]
Woodford issues apology to suspended fund investors June 12, 2019 Beleaguered trader Neil Woodford has issued a second apology to investors in his frozen £3.7bn fund, saying he had been disappointed with its performance “for some time”. The letter, which was sent to independent financial advisers yesterday, follows the suspension of Woodford’s Equity Income fund last week. Read more: Opening the fund gate: How to [...]
These are the four criteria for judging the next Tory leader June 12, 2019 And then here were ten. Nominations closed for the leadership of the Conservative Party on Monday. What had appeared to be turning into a grand melee – where it appeared easier to identify which Tory MPs were not running rather than were, so prolific was the announcement of candidatures – instead became a manageable scrum. [...]
Neil Woodford’s investment trust shares rise after slide triggered by fund suspension June 11, 2019 Neil Woodford’s listed investment trust’s stock rose this morning following a share price slide after the former star trader’s flagship fund was suspended. Shares in Woodford Patient Capital Trust were up more than eight per cent today. Read more: FCA chief Andrew Bailey calls on Woodford to waive management fees The suspension of Woodford’s Equity [...]
Vodafone: Has the share price found a floor? June 11, 2019 | City Talk By Graeme Evans from interactive investor. At extreme levels and with a heap of bad news priced in, this analyst discusses how they can recover. Rebuilding confidence in the battered Vodafone (LSE:VOD) share price won’t be quick or easy, particularly with sentiment still largely negative after last month’s first ever dividend cut. What matters most at the moment is [...]
Augmentum Fintech to double in size as it seeks £150m fundraise June 11, 2019 London-listed fund Augmentum Fintech is courting a £150m capital raise, which would more than double the size of the company. The fintech-focused firm said in a filing it intends to create up to 150m new shares, valued at a total of £150m, subject to shareholder approval. The capital would allow the firm “sufficient flexibility to [...]
What the Four Horsemen of the Apocalypse can teach you about crisis communications June 11, 2019 IF YOU know your biblical stories or are simply enjoying the joint BBC-Amazon TV adaptation of Terry Pratchett and Neil Gaiman’s Good Omens, then you will be familiar with the Four Horsemen of the Apocalypse: Pestilence, War, Famine, and Death. But rather than heralding the end of the world, how could this quartet of characters [...]
CEOs take note: No one knows what you actually do June 11, 2019 In an age when the leader of the free world promotes himself as the CEO-in-chief and the New Establishment leaders of Silicon Valley appear like celebrities in the public consciousness, it would be reasonable to assume that society understands the role of those who lead business. On the contrary: over half of UK workers admit [...]
Auto Trader bullish on growth prospects June 10, 2019 | City Talk Amid fears of a slowdown in UK car sales, our head of markets talks us through the big numbers. This sparkling set of annual results from Auto Trader (LSE:AUTO) is tainted only by a more guarded outlook from the company, implying that a repetition of the numbers is unlikely. The majority of the metrics reflect Auto Trader’s [...]
