Why Lloyds Banking Group pleased its City fan club February 22, 2019 | City Talk Our head of markets explains why the City reacted positively to these results despite a profits miss. Despite missing expectations at a pre-tax profit level, Lloyds Banking Group (LSE:LLOY) is not only in rude health but also has a clear vision on where next to take the business. The bank describes its own model as [...]
A lesson for investors from the true life of Carlos Ghosn February 22, 2019 | City Talk Investors’ fondness for a good story is a theme we have often touched upon, here on The Value Perspective – though never in so literal a way as fortnightly Japanese manga magazine Big Comic Superior once managed. Back in 2001, it ran a comic strip chronicling the life of Carlos Ghosn, who rescued Nissan from [...]
Pearson to unveil £500m pension insurance deal with Legal & General February 21, 2019 Publishing giant Pearson is set to announce a £500m deal with Legal & General (L&G) in a bid to shore up its pensions liabilities, Sky News reported. The FTSE 100 firm, which specialises in education, will announce the deal tomorrow alongside its annual results, according to the report. Read more: Pearson sells US school textbook [...]
Rathbone Brothers boosts profits but warns of Brexit impact on funds February 21, 2019 Wealth manager Rathbone Brothers said today it had boosted its-full year profit but warned Brexit could affect the value of its funds. Underlying operating income in investment management grew to £275.3m for the year to 31 December, up from £254.6m the previous year. That figure includes £8.7m in relation to Scottish wealth manager Speirs and [...]
Schroders and Lloyds Banking Group to launch financial planning joint venture in June February 20, 2019 A multi-million pound joint venture between investment management firm Schroders and Lloyds Banking Group will launch in June this year, the companies confirmed today. Schroders Personal Wealth will initially be available to Lloyds private banking and Bank of Scotland private banking customers before opening to the wider market in the fourth quarter of 2019, subject [...]
Why investors should beware increasingly unforgiving debt markets February 20, 2019 | City Talk Last year may have been a tricky one for US markets and investors but it was less so for the country’s businesses – at least, that is, to judge by the headline numbers on US companies filing for bankruptcy. According to figures from BankruptcyData.com, 58 companies totalling $52bn (£40bn) of assets declared themselves bankrupt in [...]
Passive management and relative returns? Fund managers urged to scrap investment jargon February 20, 2019 Fund managers have been urged to scrap jargon including absolute return, passive management, relative return and currency exposure by the industry body in order to help investors understand different products A total of three quarters of savers struggle with technical phrases, according to research by the Investment Association which today has called for firms to simplify [...]
Chilango’s minibond offers 8 per cent interest – that’s tasty, but is the burrito bond right for you? February 19, 2019 Last October, the burrito chain Chilango made headlines when it launched a new bond aimed at retail investors that pays an eye-popping eight per cent interest per year for four years. Compared to most high street banks, which currently offer just one or two per cent on cash savings accounts (well below the rate of [...]
Should investors be more concerned about China’s slowdown? February 18, 2019 The rise of China has been astonishing and its growing influence on the world is one of the economic forces discussed in our inescapable investment truths for the decade ahead. But economies don’t grow in a straight line. China is facing a transition period. It is a country we monitor closely and we believe its [...]
How to choose a provider for your Stocks and Shares Isa February 14, 2019 Isas are a popular way for savers to squirrel away money. And given that these savings accounts are free from both capital gains and dividend tax, the Stocks and Shares Isa is particularly appealing to investors. With all that said, not all Isas are created equal, and charges can vary wildly across providers. Platforms can usually be divided into those [...]
