magazine archive
magazine archive
News
BlackRock World Mining’s ’decade of lost returns’
Thursday 27 Aug 2020Sell investment trust BlackRock World Mining Trust ( BRWM ) and just buy BHP ( BHP ) , Rio Tinto ( RIO ) or a relevant exchange-traded fund if you want exposure to the mining sector. That’s the view put forward in a critical note on BlackRock World Mining by Investec analysts Alan Brierley and Ben...
Analysts say Greencoat Renewables cannot justify premium rating
Thursday 27 Aug 2020Dividend hungry investors should not pay any price for income as it could result in a capital loss, warn analysts at Stifel as they downgrade the popular Greencoat Renewables ( GRP ) investment trust to a negative rating. Renewable funds have been in high demand for years due to their generous...
M&A revival predicted after worst first-half for deals since 2010
Thursday 27 Aug 2020So far, this year has been a washout for advisers and investment banks involved in mergers and acquisitions (M&A), as the Covid pandemic has forced firms to cut back on all non-essential spending and conserve cash. However, there are rumblings that deals could come back with a vengeance in the...
Investor hopes raised over Covid treatments
Thursday 27 Aug 2020For months investors have been lapping-up all positive vaccine and Covid-19 treatment news as if their lives depended on it. Another dose was injected last weekend when the US Federal Drug Administration (FDA), the body that independently approves new drugs, cleared the use of convalescent plasma...
Travel stocks hammered on quarantine chaos
Thursday 20 Aug 2020Travel stocks continue to take a hammering as a rising number of destinations come under the threat of facing quarantine measures from the UK Government. Following on from popular holiday destinations France and Malta being suddenly removed from the UK’s travel corridor list last week, reports...
Buffett backs away from banks in latest portfolio reshuffle
Thursday 20 Aug 2020Berkshire Hathaway, the holding company controlled by legendary investor Warren Buffett, made several interesting changes to its portfolio in the quarter to the end of June. As well as the much-publicised dumping of airline shares, which Buffett admitted was ‘a mistake’ to have bought in the first...
Tesla to split stock in five-for-one deal
Thursday 20 Aug 2020Nasdaq-listed Tesla has announced plans for a five-for-one stock split after firm’s stunning run through 2020. Investors lapped up the news sending shares in the electric car star roaring higher, adding close to $500 since the announcement and beyond $1,800 levels. Tesla stock ended 2019 at $418.33...
Food comes to the rescue for Marks & Spencer ahead of Ocado test
Thursday 20 Aug 2020An unscheduled trading update (18 Aug) confirming weak clothing sales and containing plans to eliminate up to 7,000 jobs in the next three months sent shares in Marks & Spencer ( MKS ) lower. This comes with the business on the cusp of a major test as it gears up for its new supply deal with...
Mining proves no safe haven as BHP cuts dividend
Thursday 20 Aug 2020After cutting its annual shareholder payout mining giant BHP ( BHP ) has offered another indication there are unlikely to be dividend ‘safe havens’ for income investors in the mining sector. The company declared a final dividend of 55 cents per share, taking its total dividend for the year to 30...
Alarm bells ring for retail as UK sheds 730,000 jobs
Thursday 13 Aug 2020According to the latest Office for National Statistics (ONS) unemployment data (11 Aug), the number of people in work in Britain has suffered the biggest drop since 2009, while the coronavirus will take a heavier toll on the labour market as the government winds down the furlough scheme. The grim...