Patient Capital shares fall as Woodford troubles deepen June 17, 2019 Shares in Neil Woodford’s investment trust fell more than six per cent this morning after it was revealed that it sacked its advisor in a row over risky investment valuations. Woodford Patient Capital’s stock dropped this morning following reports that the listed trust sacked Duff & Phelps last year. Read more: Hargreaves Lansdown raised concerns [...]
Morrisons and Amazon: Retail’s newest BFFs June 14, 2019 | City Talk By Graeme Evans from interactive investor. Extending its relationship with the world’s biggest retailer is shrewd business by Morrisons’ CEO. The quiet revolution at Morrisons (LSE:MRW) under chief executive David Potts continues to impress after the supermarket chain extended its partnership with online giant Amazon (NASDAQ:AMZN). Whereas its rivals have looked to grow through consolidation – with Tesco (LSE:TSCO) buying Booker and Sainsbury’s (LSE:SBRY) trying to [...]
Why the world economy is like a wobbly bike June 14, 2019 | City Talk Three months ago we said “the easing in US-China trade tensions, more flexible central banks and the benefits of lower oil prices should stabilise activity later this year and support an upgrade in our global growth forecast for 2020”. However, two of those supports have now fallen away and we are more reliant on looser [...]
Dividend star British American Tobacco gets cheaper June 13, 2019 | City Talk The well covered payout is an invite to income seekers, but the shares are falling after this update. This relatively upbeat first-half trading statement comes against what has been a torrid time of late for British American Tobacco (LSE:BATS). Last year was an “annus horribilis” for the company, with the shares halving in value amid concerns around [...]
Should you follow directors into this bombed-out stock? June 12, 2019 | City Talk By Edmond Jackson from interactive investor. Down almost 90% from its peak, our shares analyst examines recovery potential at this household name. Should you trust company directors or hedge funds with their dealings, or make your own judgment? The current situation at former mid-cap AA (LSE:AA.) is a stark example as directors buy into an 88% drop since 2015 as [...]
Woodford issues apology to suspended fund investors June 12, 2019 Beleaguered trader Neil Woodford has issued a second apology to investors in his frozen £3.7bn fund, saying he had been disappointed with its performance “for some time”. The letter, which was sent to independent financial advisers yesterday, follows the suspension of Woodford’s Equity Income fund last week. Read more: Opening the fund gate: How to [...]
Neil Woodford’s investment trust shares rise after slide triggered by fund suspension June 11, 2019 Neil Woodford’s listed investment trust’s stock rose this morning following a share price slide after the former star trader’s flagship fund was suspended. Shares in Woodford Patient Capital Trust were up more than eight per cent today. Read more: FCA chief Andrew Bailey calls on Woodford to waive management fees The suspension of Woodford’s Equity [...]
Vodafone: Has the share price found a floor? June 11, 2019 | City Talk By Graeme Evans from interactive investor. At extreme levels and with a heap of bad news priced in, this analyst discusses how they can recover. Rebuilding confidence in the battered Vodafone (LSE:VOD) share price won’t be quick or easy, particularly with sentiment still largely negative after last month’s first ever dividend cut. What matters most at the moment is [...]
Auto Trader bullish on growth prospects June 10, 2019 | City Talk Amid fears of a slowdown in UK car sales, our head of markets talks us through the big numbers. This sparkling set of annual results from Auto Trader (LSE:AUTO) is tainted only by a more guarded outlook from the company, implying that a repetition of the numbers is unlikely. The majority of the metrics reflect Auto Trader’s [...]
FCA under scrutiny from MPs after Woodford suspension June 10, 2019 The City regulator has come under scrutiny from MPs over the suspension of Neil Woodford’s flagship fund. Nicky Morgan MP, chair of the treasury committee, wrote to the Financial Conduct Authority (FCA) today regarding last week’s suspension. Investors are unable to trade or withdraw money from the Woodford Equity Income Fund after it was frozen [...]
