The truth about growth and value performance February 24, 2021 A statement I have heard many times in recent years, last year especially, is that the “value” style of investing no longer makes sense. That the very idea of buying an unfashionable stock doesn’t make sense when the new hottest stock with the most epic growth forecasts is being dangled, tantalisingly, in front of you. [...]
Reddit website goes down as Gamestop shares jump February 24, 2021 Reddit, the self-titled “front page of the internet”, crashed last night as shares in amateur trader favourite Gamestop climbed once again. The site, which is accessed by millions of people daily, went down at around 9pm on Wednesday. Shortly afterwards Reddit tweeted that it had identified the issue and its systems had recovered. It came [...]
Dettol-maker reaps benefits of hygiene kick as revenue soars February 24, 2021 Reckitt Benckiser has emerged strongly from the pandemic with like-for-like revenue leaping 11.8 per cent to £14bn in 2020 compared to the previous year. Full year operating profit hit more than £2.1bn compared to a loss of almost £2bn in 2019. The consumer-goods company, which owns Dettol, Harpic and Calgon, reported a 19.5 per cent [...]
Vodafone confirms Frankfurt float for mobile masts business February 24, 2021 Vodafone has confirmed plans to float its mobile masts division on the Frankfurt Stock Exchange by the end of March. The mobile network launched Vantage Towers last year in a bid to cash in on its lucrative infrastructure amid tough competition in the telecoms market. The company operates 82,000 towers across 10 European markets and [...]
Chancellor set to extend stamp duty holiday ‘until end of June’ February 24, 2021 Chancellor set to extend stamp duty holiday 'until end of June'
Ibis and Sofitel owner Accor swings to £335m loss as tourism revival splutters February 24, 2021 Ibis and Sofitel owner Accor swings to £335m loss as tourism revival splutters
Vaccine passports: a free market and plentiful pubs mean they won’t work in the UK February 24, 2021 As the country emerges slowly from lockdown, the debate over so-called vaccine passports gathers pace. Yesterday, Matt Hancock confirmed Britain was looking into the proposition for international travel. Countries such as Greece and Spain have a strong incentive to develop a system with us. Each attracts large numbers of British tourists in a normal year. Whatever [...]
Post-Covid offices will become cultural hubs and even art galleries to tempt staff back to the office February 24, 2021 “Ditch the desks and ditch the boardroom! Tell your people to bring their trunks and they will love working for you.” So said Robert Dowling, CEO of Deanlow Consulting in Ontario in 2016, after revealing that his employees spent their days paddling around a company swimming pool with laptops to promote creative thinking. We’re five [...]
Michael Gove to hold crunch Northern Ireland meeting with EU today February 24, 2021 Cabinet Office minister Michael Gove will meet with his EU counterpart today in a crunch meeting to discuss post-Brexit problems at the Northern Ireland border. European Commission vice president Maros Sefcovic, who is the Brussels’ key representative to the UK-EU Joint Committee, said last week he wanted all issues with the Northern Ireland protocol of [...]
Asset manager Intriva Capital swoops on Moneyplus Group February 24, 2021 Asset manager Intriva Capital has bought a “significant” stake and supported a management buyout in consumer debt advice company Moneyplus Group. Intriva Capital, an independent alternative investment manager that specialises in credit businesses, said the management buyout would accelerate Moneyplus Group’s expansion. The existing management team will continue in their roles. The asset manager also [...]
