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Temple Bar dumps holdings after share price collapse
Thursday 02 Apr 2020Value-oriented investment trust Temple Bar ( TMPL ) has removed gearing – borrowing money to invest – after its share price more than halved since the coronavirus crisis began. Following a discussion between its board of directors and manager Alastair Mundy, the latter agreed to sell the defensive...
Byotrol steps up in the fight against coronavirus
Thursday 02 Apr 2020The third best performing share on the UK market this year is about to update investors on its role in helping to fight the coronavirus pandemic. Byotrol ( BYOT:AIM ) is helping to save lives by supplying its novel hand sanitiser to the NHS, with a proven ‘kill claim’ against coronavirus. Its...
Have capital preservation funds lived up to their name?
Thursday 02 Apr 2020Capital preservation funds have done a good job at protecting investors’ money during this year’s significant market sell-off, but they haven’t avoided losses entirely. In the three months to 24 March, the MSCI World index fell by 22.4% and the FTSE 100 declined by 33.7%. In comparison, eight out...
Are any dividends safe?
Thursday 26 Mar 2020The FTSE 100 index is offering a prospective dividend yield of 5.6% according to data from Stockopedia, but the slew of cancelled payments throws into doubt even those regarded as rock-solid. THE DAMAGE IN PERSPECTIVE Incredibly, the total amount of cancellations, which is currently worth £1.6bn...
Multi-billion stimulus unveiled as governments fight for global economy
Thursday 26 Mar 2020Central banks and politicians across the globe are desperately pulling whatever levers they can in an attempt to stem the macroeconomic gloom as the current health crisis continues to escalate. With the UK now in lockdown, the UK government has announced a £350bn package of support in what is the...
China offers the world a glimmer of hope
Thursday 26 Mar 2020A glimmer of hope from the coronavirus pandemic could come from China, which is starting to come out the other side as new cases fall and lockdown restrictions begin to ease. While the crisis in the country is far from over, Chinese premier Xi Jinping said most of China is now ‘low risk’ as it...
BATM hopes for summer launch of new coronavirus home testing kits
Thursday 26 Mar 2020A new diagnostic home testing kit for the coronavirus could be ready within three to four months, according to one specialist equipment manufacturer. AIM-quoted BATM Advanced Communications ( BVC:AIM ) , a medical equipment designer based in Israel, has gone into partnership with life sciences firm...
Panic buying of US dollar sends sterling to 35-year low
Thursday 26 Mar 2020In the past week the US dollar has soared against other currencies as investors have stampeded into what are considered safe-haven assets on fears that the coronavirus will send global economies into freefall. At one point, sterling hit a 35-year low against the US currency at $1.15, partly on the...
Making sense of the latest market movements
Thursday 19 Mar 2020There is a scramble to work out the extent of the coronavirus impact and how much of it has been priced in by markets as investors react to a rapidly increasing number of global infections. The US market really fell over on 16 March, giving back all of the gains from a big rally on 13 March and...
Will airlines and holiday companies survive the coronavirus fallout?
Thursday 19 Mar 2020Airlines and holiday companies face a precarious future and there’s no guarantee they’ll survive what could be a long-term travel freeze and slow recovery. However, the London-listed operators apart from TUI ( TUI ) look better placed than their European rivals. EasyJet ( EZJ ) , Wizz Air ( WIZZ )...