Investment News

The week ahead: Autumn Budget, William Hill, easyJet, Compass

There’s plenty to keep investors occupied in the days ahead, with a truckload of corporate updates either side of Wednesday’s Autumn Budget. Monday 20 November Bookie William Hill (WMH) kicks the week off with third-quarter results. Look for a 3% increase in retail net revenue, 9% jump in online business, 23% increase in the US and […]

Here’s what Neil Woodford bought and sold in October

UK stockmarkets rose about 1.6% in October. That’s not always been a good indicator of how Neil Woodford’s suite of funds and trusts has performed, but this month both the Income Focus and Equity Income funds generated positive returns. UK-focused housebuilders Barratt Developments (BDEV), Redrow (RDW) and Bovis Homes (BVS) were behind much of the gains at Income […]

Bargain hunter: Star fund manager on 13% discount

It is not just stockmarkets in the developed world that are setting new record highs. India, the world’s sixth largest economy, is also enjoying a rich vein of form, with its BSE Sensex index recording a fresh high earlier this week (6 November). Year-to-date the index is up 20%, while on a five-year view the […]

What’s really going on at Finsbury Food?

So, Richard, it seems investors have lost confidence in Finsbury Food? Certainly does. I halved the Share Sleuth portfolio’s holding nearly two years ago. The share price then was more than it is now, yet it’s more profitable now. Seems like scant reward… Indeed, the earnings yield then was 5%, today it’s 8%. We like […]

Autumn Budget 2017: Preview

American poet William Cullen Bryant described autumn as “…the year’s last, loveliest smile”. In a similar vein, the Conservative party will be hoping that the Autumn Budget will provide a last gasp victory in a year where political battles have taken their toll. From a damaging June election to cabinet insurgency, it could be argued […]

FTSE 100 and why Carillion shares are worth just 1p

Investors remain jittery after a disappointing 10 days. Euphoria created by the rally from mid-September lows has been replaced by renewed speculation that this bull run is over. Given the FTSE 100 (UKX) is down around 75 points on the week lunchtime Friday that’s jumping the gun. The time to panic is not now. An assault […]

How our adventurous and cautious trust tips have fared in 2017

The three months since we introduced our 2017/18 tips ended with excellent news for one of our private equity selections. Not only did Pantheon International (PIN) report encouraging results, but it also announced proposals to convert its redeemable shares (PINR) into ordinary shares on a one-for-one basis. This prompted a rapid tightening of the historically much […]

The Oil Man: Parkmead, Zenith Energy, Cairn

WTI $55.14 -19c, Brent $61.36 -51c, Diff -$6.22 -32c, NG $3.05 -3c The end of a bad week for the oil price as a combination of indifferent inventory stats, belligerent Russians, an IEA report that didnt square with OPEC’s, and topped off by Saudi Oil Minister Khalid al-Falih suggesting that world inventories wouldn’t be below […]

Stockwatch: A speculative AIM trade

Is it time to buy into AIM-listed provider of quality interior furnishings Walker Greenbank (WGB), having plunged nearly 40%? Barely a month ago, I compared it with Topps Tiles (TPS) with a caution about the near term after a vague profit warning, but putting Walker on the watch list. While Topps had less downside given a higher yield […]

Investors fear inflation and low interest rates more than Brexit

Investors view high inflation and low interest rates as more of a threat to their wealth than Brexit, according to new findings from Rathbone Investment Management. The financial provider, which surveyed over 1,500 investors, found that over four in 10 (42%) considered the prospect of rising inflation as a major threat, while a further four […]