The week ahead: A big day for M&S

It’s been a real struggler for years, but shareholders will be watching Marks & Spencer for any sign that the latest turnaround plan is working. Monday 21 May Trading Statements BGEO Group, McKay Securities, SigaRoc AGM/EGM TBC Bank, Restore, BP Tuesday 22 May Trading Statements Renew Holdings, Shaftesbury, Topps Tiles, UDG Healthcare, Oxford Biodynamics, Homeserve, […]

Nick Train believes in Pearson turnaround

Over the last couple of years, Pearson plc (PSN) has been a thorn in the portfolios of celebrated fund manager Nick Train – but he still believes the company will succeed. “It has been a source of considerable bother for longer than I care to consider,” Train said this week at a Frostrow Capital investment seminar. […]

Are Next shares a buy for the long term?

What Next? While high street stalwarts from Greggs (GRG) to Wetherspoon (JDW) have disappointed traders with sub-par performance lately, Next (NXT), the fashionable but not too fashionable clothing and homeware retailer, has surprised them by reporting sales up 6% in February, March and April compared to the same time last year. It’s an easy comparison because sudden bursts […]

Nick Train on the virtues of doing nothing

“The lack of change is one of the more remarkable characteristics of the Finsbury Growth and Income investment trust (FGT),” Nick Train said at a Frostrow Capital investment seminar today. Indeed, the highly regarded fund manager is known for the very low turnover of his portfolios, which keeps his trading costs down. Since 2011, Train has […]

A fund for worried bulls

Fearful that a near 10-year equities bull run is running out of steam? Manager Freddie Lait thinks his outperforming Latitude Horizon fund could be for you. What’s your investment approach to running a global diversified fund, and which stocks exemplify your strategy? We do use single stocks as the core engine of our diversified growth […]

Stockwatch: 7.6% yield supported to at least 2022

Does mid-cap 250 transport, infrastructure and biomass energy firm Stobart Group  (STOB)merit holding for an attractive yield of around 7.6% – albeit derived currently from disposals – until its operations can achieve better profits? Or is the market justifiably wavering in confidence, given a 20%-plus fall in the stock since late 2017? Latest results for […]

These are the FTSE 100 targets you should be following

Written 17 May 2018 – 23:26 FTSE for Friday (FTSE:UKX) We’re pretty firmly in the “duh” camp as the FTSE (UKX) continues to bedazzle us with its strength. A pretty major puzzle emanates from the Retail Banking sector as, aside from RBS, they’ve been doing sod all! In addition, there’s the price of Brent Crude and […]

Bombed-out Mothercare offers hope

Investors holding out for a Mothercare (MTC) recovery were given some hope today as the retail chain revealed its strategy for a firmer financial footing. Taking the now well-trodden path of a Company Voluntary Arrangement (CVA), Mothercare wants to exit about 50 stores and achieve material rent reductions on a further 21. Where the company had 400 […]

This is the big one for Ocado!

Ocado (OCDO)’s last remaining short-sellers were put to the sword in spectacular fashion today as the technology stock masquerading as an online retailer produced easily the biggest deal in its history. Shares rocketed 42% to record levels after Ocado said it would partner with Kroger to create as many as 20 automated Customer Fulfilment Centres (CFCs) […]