3i Group: Inside Britain’s biggest retailer you’ve probably never heard of Investing £32.5bn investment trust, 3i Group, owns Britain’s biggest retailer: Action. You’ve likely never heard of Action, and that’s because it doesn’t actually operate in the UK, instead having close to 3,000 stores across 12 European countries like Germany, the Netherlands and France. The group is kind of like B&M: Selling items at a low cost, [...]
Meet the fund managers: Euro bond hunting with conviction Investing In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Neil Mehta, manager of the RBC BlueBay Investment Grade Euro Aggregate Bond Fund. How does your fund stand out from others in the same market? We embrace a truly active mindset unlike many [...]
JD Sports shares slump after stockbroker downgrade Business Shares in JD Sports slumped more than four per cent on Monday morning after analysts at stockbroker Deutsche Numis questioned the retailer’s ability to generate cash. Analysts downgraded the stock from a ‘buy’ to a ‘sell’ and lowered the share price target from 115p to 110p. Deutchse’s forecast was 6.5 per cent below the fashion [...]