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Waning copper production could be good for miners
Thursday 26 Aug 2021The mining sector has been hit hard by the recent volatility in commodity prices amid weaker Chinese economic data and fears the US Federal Reserve is set to start tapering its support for the world’s largest economy earlier than forecast. The FTSE 350 Industrial Metals & Mining sector is still...
The funds looking to shake off the Dog tag
Thursday 26 Aug 2021The latest Spot the Dog report published by BestInvest shows a sharp decline in the number of funds lagging their benchmark by 5% of more over the last three years in a row. The number of dismally performing collectives declined sharply from the 150 identified in the previous report six months...
Food ingredients giant picks London for IPO
Thursday 19 Aug 2021Singapore-based agricultural trading house Olam International has chosen London as the listing destination for its multi-billion pound food ingredients business. Reportedly looking to raise more than $2.8 billion through the listing, Olam Food Ingredients ( OFI ) would offer investors another play...
What BHP’s big news means for investors
Thursday 19 Aug 2021There was plenty to unpick with resources giant BHP’s ( BHP ) latest set of updates but in our view the ultimate upshot could be positive for the business. Alongside robust first half results the company announced a plan to merge its oil and gas assets with Australia’s Woodside Petroleum, invest in...
Wealth management could be answer to banks' profitability problem
Thursday 19 Aug 2021The recent UK banks reporting season was characterised by consensus beating results and the resumption of dividends. However the sectors’ earnings were flattered by larger than expected net provision releases. These provisions related to money put aside to cover potential bad debts during the...
Private equity backed Zooplus could pressure Pets at Home
Thursday 19 Aug 2021A bid for European online pet platform Zooplus by US private equity outfit Hellman & Friedman has positive and negative implications for Pets at Home ( PETS ) . Zooplus is a direct online competitor in the cut-throat pet supplies market and could thrive under private equity ownership. However,...
Pandemic winners become re-opening losers as punters tune out
Thursday 19 Aug 2021The 46% collapse last week in shares of online competitions promoter Best of the Best ( BOTB:AIM ) should serve as a stark warning to investors who are still riding the wave of ‘pandemic winners’. The slide came after the firm blamed disappointing new customer registrations and stubbornly high...
Global M&A activity hits record levels, surpassing last year’s total
Thursday 19 Aug 2021Given the caution with which investment bankers started this year and the low expectations for corporate activity, 2021 has been remarkable in terms of the speed and size of deal-making. According to Refinitiv, the value of global mergers and acquisitions as of the start of August was $3.6 trillion...
Morrisons and Vectura bid battles heat up
Thursday 12 Aug 2021The pace of UK takeovers shows no sign of slowing down as the buyout battle for Morrisons ( MRW ) heats up and inhaler technology developer Vectura ( VEC ) was briefly put on the auction block. Takeover regulators have extended the battle for Morrisons by a further two weeks, giving US private...
Why gold has lost its shine
Thursday 12 Aug 2021The gold market has recovered a little from the ‘flash crash’ which saw signs of a strong US recovery, a strengthening dollar and technical factors conspire to send the precious metal 4% lower on 9 August. A better-than-expected US non-farm payrolls report (6 Aug) is seen potentially as the...