The FTSE 100 has slumped more than 100 points to fall below the 7,000 mark as fears over the spread of the coronavirus continued to take their toll on global stock markets. The UK blue-chip index lost 102 points, or 1.5%, to trade at 6,916, dropping below the 7,000...
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LEBC profits wiped out after turbulent year
[UPDATED] National advice firm LEBC has seen its profits wiped out after a turbulent 2019 which saw it abandon a planned float, struggle with Brexit uncertainty and agree with the FCA to stop DB transfer business. In its financial statement for...
Scottish Mortgage: Tesla shares could double from here
It’s official. Tesla has displaced Amazon as the top holding in Scottish Mortgage (SMT), accounting for 10% of its £9.5bn assets at the end of January, according to newly published figures. And no, James Anderson and Tom Slater, fund managers of...
Builders and miners buoy FTSE as coronavirus spread slows
The FTSE 100 has rallied as a fall in the number of new coronavirus cases buoyed investors while shares in house builders were lifted by upgrades from analysts at HSBC. The UK blue-chip index rose 59 points, or 0.8%, to 7,441, as the number of new coronavirus...
The big strengths and dangers of Jupiter’s post-Merian fund roster
Jupiter has clearly been quite strategic with the managers it has chosen to bring over, for reasons beyond the fact they account for 87% of Merian’s assets. Of the five Merian managers who have so far committed to Jupiter, the two that stand out are Daniel...
Hargreaves overlooks Woodford as it rules own funds offer value
Hargreaves Lansdown said its multi-manager fund range has delivered value to investors, despite large positions in Neil Woodford’s failed Equity Income fund hit hampering In a 78-page disclosure issued under newfund value assessment rules, the...
Aegon’s CGT platform calculator won’t cope with Woodford returns
Aegon has told platform customers who invested in the Woodford Equity Income fund to seek advice about capital gains tax (CGT) liabilities, because its online calculator will not be able to factor in distributions from the fund's wind-up. Investors trapped...
Mercantile’s Anderson on why he is overweight tech stocks
The UK is not known for creating great technology companies, but for Guy Anderson, manager of the Mercantile investment trust, the sector is ripe with opportunities. ‘Technology isn’t something with which the UK is usually associated, but looking over the last five...
The Long and Short of it: Review of markets December 2019
Have you ever done an exam, been absolutely sure you’ve nailed it, discussed the answers with your friends afterwards reassuring you that you’ve aced it, only to discover on results day that you’ve completely flunked the paper?
Q1 Guide to the Markets with Karen Ward
Join Karen as she delves deeper into the 2020 investment outlook and uses charts from the new Q1 Guide to the Markets to discuss the key themes shaping global markets in the coming year.