magazine archive
magazine archive
Feature
What comes next for investors after India’s budget?
Thursday 08 Aug 2024On 23 July, India announced its first budget under a new coalition government led by Narendra Modi, who became prime minister for the third time albeit with a reduced majority of 293 MPs for his BJP (Bharatiya Janata Party). In the Indian general election held between 19 April to 1 June, 642...
How Pershing Square’s $25 billion IPO vanished into thin air
Thursday 08 Aug 2024Billionaire hedge fund manager Bill Ackman is not the shy, retiring type who shuns publicity, so when he announced plans to launch an IPO (initial public offering) of a new closed-end fund on the New York Stock Exchange touting a $25 billion valuation it seemed natural to believe he could execute...
Future has a credible growth plan and the shares look cheap
Thursday 08 Aug 2024Future (FUTR) £10.42 Market cap: £1.17 billion Despite some recent economic jitters, we think the current valuation at media group Future (FUTR) undervalues the company’s strengths as it gets stuck into its GAS (growth acceleration strategy). Based on consensus forecasts for 2025 the company trades...
Weight loss 2.0: What next for the companies at the forefront of fighting global obesity
Thursday 01 Aug 2024Investor excitement surrounding weight-loss drugs has arguably been as great if not greater than that seen for everything AI (artificial intelligence) in the last two years. Market leaders Novo Nordisk (NOVO-B:CPH) and Eli Lilly (LLY:NYSE) , makers of Wegovy and Zepbound respectively, have seen...
Why are high-yield ‘bond proxies’ not outperforming the market?
Thursday 01 Aug 2024This feature was prompted by a reader question on why ‘bond proxies’ such as insurers Phoenix Group (PHNX) and Aviva (AV.) do not attract more investor attention. A bond proxy typically refers to a company which has a steadier-than-average income stream and offers a higher-than-average level of...
Why is Canal+ looking to list in London?
Thursday 01 Aug 2024In another sign of the UK market’s recent rehabilitation, French media giant Vivendi (VIV:EPA) has announced it will list its Canal+ TV and film operation in London as part of a broader break-up of the business. The move may raise some eyebrows given the lack of any obvious ties between Canal+ and...
Discover what the experts expect for the rest of 2024
Thursday 25 Jul 2024So far 2024 has been a decent year for investors – most major global indices are in positive territory as inflationary pressures have eased and some central banks have pulled the trigger on rate cuts. KEY DATES FOR THE REMAINDER OF 2024 Bank of England meetings: 1 August, 19 September, 7 November,...
Our 2024 picks are still beating the market but performance is uneven
Thursday 25 Jul 2024Now that the dust has settled after the UK elections and attention has turned back to markets, we have updated the performance stats on our tips for 2024. Overall, our picks have gained 8.7% year-to-date compared with an 8.3% rise in the FTSE All-Share. That’s not to say it has been plain sailing...
What the does the King’s speech mean for the economy and stocks?
Thursday 25 Jul 2024On 17 July, Sir Keir Starmer’s new Labour government announced its plans for the first year of the new parliament, with growth and wealth creation the priority. King Charles’ speech at the State Opening of Parliament included a total of 39 bills under a new legislative agenda which includes...
How does South Korea compare to other emerging markets?
Thursday 25 Jul 2024While index providers FTSE and MSCI are split on whether South Korea constitutes an emerging market or not – FTSE says no and MSCI yes – just how does this market compare with its peers in the developing world? Despite some considering South Korea to be a developed market, the annualised gross...