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Aberdeen Standard snares Tritax as logistics property boom continues
Thursday 17 Dec 2020Asset manager Aberdeen Standard Investments, part of Standard Life Aberdeen ( SLA ) , is bolstering its position in the buoyant logistics real estate space through the acquisition of 60% of sector specialist Tritax for an undisclosed sum. Tritax has assets under management of £5.1 billion and runs...
Disney shares hit new record high on plans for major TV and film push
Thursday 17 Dec 2020Launching a new streaming service just ahead of a global pandemic proved fortuitous for entertainment giant Disney as it has benefited from a literal captive audience in lockdown. The company is way ahead of its initial plans for subscriber numbers, helping its shares reach an all-time high as it...
Iron ore trumps gold as the hot commodity of 2020
Thursday 17 Dec 2020Forget gold, iron ore is the major commodity delivering bumper returns in 2020. A key ingredient for steelmaking and seen, along with copper, as a barometer for the health of the global economy, the price of iron ore has surged over 50% this year to trade at $161 per tonne, a nine-year high and...
Surge in Airbnb and DoorDash stock renews tech bubble debate
Thursday 17 Dec 2020One of the most hotly awaited stock market debuts sparked the predicted frenzy by investors as accommodation booking platform Airbnb began trading on Nasdaq. After netting one of the biggest first-day rallies on record, soaring 113% to $144.71, the San Francisco-based company saw its valuation hit...
Marketing of high-risk mini-bonds banned from 2021
Thursday 17 Dec 2020The Financial Conduct Authority ( FCA ) is to permanently ban the mass-marketing of ‘speculative illiquid securities’ – including mini-bonds – to retail investors from the beginning of 2021. Many people have been attracted to high yields on offer yet didn’t realise the risks and that there is...
Why aren’t investors cheering AstraZeneca’s bid for Alexion?
Thursday 17 Dec 2020At first glance AstraZeneca’s ( AZN ) $39.4 billion takeover offer for immunology and rare diseases specialist Alexion looks to be opportunistic and financially sound, but investors initially marked its shares down by 6%. There are a couple of reasons for the negative reaction; firstly, investors...
Supply chain issues could mean a bleak winter for UK consumers
Thursday 10 Dec 2020There is growing concern among hauliers, freight forwarders and their customers that even with a last-minute Brexit deal the UK’s ‘just in time’ supply chain could face unprecedented disruption from January. According to the Office for National Statistics ( ONS ), the UK imported £374 billion of...
Big Goco shareholder Peter Wood throws weight behind Future tie-up
Thursday 10 Dec 2020At least one person appears to be a very big fan of Future’s ( FUTR ) recommended £535 million cash and shares deal for Goco ( GOCO ) . Goco’s largest shareholder and chairman Peter Wood has snapped up £2 million worth of Future shares after they slumped in the wake of the deal being unveiled to...
Questions still linger over National Grid and SSE dividends
Thursday 10 Dec 2020Large utility companies will make lower returns under new plans by energy regulator Ofgem, yet the cuts aren’t as bad as previously mooted. That triggered a relief rally in the shares of SSE ( SSE ) and National Grid ( NG. ) on 8 December, however the changes only provide slight relief to pressure...
Key catalysts for markets before the end of 2020
Thursday 10 Dec 2020There is plenty for investors to think about as we approach the end of a tumultuous year. For UK stocks the most significant remains Brexit and the prospects for a deal. As we write talks were going to the wire. However, an important point to remember is that even if a deal is secured it will be...