magazine archive
magazine archive
News
Big shareholder wants fee-spat hedge funds to merge
Thursday 15 Apr 2021Two listed hedge funds that significantly beat the broader UK stock market in 2020 could merge. BH Macro ( BHMG ) and BH Global ( BHGG ) are under pressure from Investec, which is a shareholder in both vehicles, to combine into a single entity. The proposal is on the grounds that the two hedge...
Shunned fund manager Mark Barnett tries again
Thursday 15 Apr 2021Neil Woodford’s former right-hand man, Mark Barnett is back with a new job less than a year after he left Invesco following several years of poor performance from the two high profile income funds he ran. Barnett is joining Tellworth Investments, founded by ex-Schroders fund managers Paul Marriage...
Novacyt shock means investors should get out now
Thursday 15 Apr 2021A profit warning on 9 April from specialist clinical diagnostics firm Novacyt ( NCYT:AIM ) is a major turning point for how we view the stock. The investment case has materially changed which means investors should sell, even at a loss. The investment case case was largely based on Novacyt becoming...
Anglo American investors to get free shares in new coal miner
Thursday 15 Apr 2021Investors in Anglo American ( AAL ) will get free shares in another mining company after the FTSE 100 group decided to spin off its thermal coal assets. Anglo’s coal assets will be transferred to a separate company called Thungela, which will be listed on both the London and Johannesburg stock...
Investors upbeat on holidays return but analyst shares TUI fears
Thursday 08 Apr 2021Travel stocks have reacted positively as the Government confirmed plans for a traffic light system to allow international travel to resume. The current restart date for international travel and holidays abroad is 17 May, and from that date there will be a list of green, amber and red countries...
Beverages sector poised for summer of socialising, sodas and snacks
Thursday 08 Apr 2021With prime minister Boris Johnson sticking to his roadmap and jabs being injected into the arms of a grateful global population, the grand economic reopening that beverage businesses have been clamouring for since the pandemic clobbered the sector is upon us. As out-of-home sales channels such as...
Europe powers ahead in 2021 as banks and carmakers beat tech
Thursday 08 Apr 2021Despite a troubled vaccine rollout programme in both countries, Germany’s DAX 30 and France’s CAC 40 have been the stock market stars on the global stage so far in 2021 as investors move away from tech stocks and into cheaper industrial names. A 9.4% first quarter rise in the DAX has led it to hit...
Deliveroo off to ugly start as stock plunges
Thursday 01 Apr 2021Takeaway platform Deliveroo’s ( ROO ) much-hyped stock market debut was a disaster as the stock plunged as trading in its shares began (31 Mar). Having priced the IPO (initial public offering) at 390p per share, the stock opened at 330p and it only got worse from there as Deliveroo briefly dipped...
Call for investment trust dividend cover transparency
Thursday 01 Apr 2021Given the extraordinary events over the last year which resulted in UK dividends falling an unprecedented 44.1%, research group Stifel argues more transparency is needed on reported dividend cover at investment trusts. One of the advantages that investment trusts have over open-ended funds is their...
Chinese stocks battered by storm of negative news
Thursday 01 Apr 2021When it rains, it pours seems to be an appropriate adage for Chinese stocks at the moment with investors in the country hit by a cornucopia of bad news including increased regulation, rising tensions with the Biden administration in the US and a crackdown on Chinese firms listed in New York. Big...