Brewin Dolphin signs deal for Investec’s Irish business as assets dip May 10, 2019 Asset manager Brewin Dolphin today said it has signed a deal to buy Investec’s wealth management business in Ireland as it posted a dip in total funds for the half-year. Brewin Dolphin said it will pay roughly €44m (£38m) for the Irish business, adding the deal would make it one of the top three wealth [...]
10 most popular funds in February 2019 March 15, 2019 By Kyle Caldwell from interactive investor. UK shares look cheap, but Brexit uncertainty has stopped some fund investors into their home market. From both a growth and an income perspective, the UK stockmarket is as cheap as chips, but retail investors continue to shy away, data from our parent company interactive investor shows. On the [...]
G4S rebuffs Gardaworld’s takeover offer as it “significantly undervalues” company October 19, 2020 G4S (GFS) has dismissed Gardaworld’s hostile takeover bid, after the outsourcing giant claimed its 190p per share offer “significantly undervalues the company and its prospects”. In a filing to the London Stock Exchange, G4S said its board had unanimously rejected Canadian rival Gardaworld’s offer because it was “not in the best interests of shareholders or [...]
Royal Mail to slash dividend 40 per cent as profit drops by a third May 22, 2019 Royal Mail said today it will cut its dividend 40 per cent from next year as it earmarks extra cash to invest in the business. The figures The company today announced a drop in operating profit of 34 per cent. It said operating profit after transformation costs for the 52 weeks ended March 2019 was [...]
Why the RBS dividend joy is short-lived August 2, 2019 While there’s much to like in the Royal Bank of Scotland interims, it’s still far from plain sailing. After years in the investment wilderness, RBS (LSE:RBS) is finally making its way back into the fold. A strong second quarter has helped to inflate the half-year numbers, with total income rising by 20 per cent and the earnings [...]
Hipgnosis seeks £200m capital raise in new share placing July 2, 2020 Music royalties investment firm Hipgnosis has announced plans to raise £200m in a share placing as the company looks to expand its catalogue portfolio. The London-listed firm said it hopes to raise the cash in a retail offer of up to 200m new C shares, at a price of 100p per share via London fintech [...]
Stock markets slide as Chinese data reveals impact of US-China trade war January 14, 2019 European stock markets have tumbled after weak Chinese trade data laid bare the impact of the US-China trade war. China’s export and import figures fell dramatically in December, going against analysts’ predictions of a rise. Read more: Markets lift as US-China talks reach conclusion Negotiations between the two nations concluded last week without a resolution, although [...]
Burberry shares at 10-month high and challenging records July 17, 2019 After a stunning six-week rally, our head of markets explains why investors are still piling in today. If the market was waiting for signs of an immediate improvement in Burberry (LSE:BRBY) fortunes, it will not be disappointed as the fashion house has delivered an update which is much better than expected – and on a number of [...]
FTSE 100 firm Informa in talks to buy London events rival UBM in £3bn deal January 16, 2018 London-headquartered publisher and events company Informa is in talks to buy rival UBM in a deal which could be worth as much as £3bn. A tie-up between the two firms would create the world’s largest business-to-business events company, with well over 11,000 employees at the two firms. The firms were forced to reveal the “preliminary [...]
Barratt Developments: A cheap income play too good to miss? July 15, 2019 There’s lots to like about housebuilders, but all may not be what it seems, writes our head of markets. Until recently, the housebuilders had been directly in the firing line given Brexit uncertainty. This position has changed of late as the sector generally continues to make hay while the sun shines. The backdrop has been [...]