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Scottish Mortgage makes herd avoidance plans
Thursday 21 May 2020FTSE 100 investment trust Scottish Mortgage ( SMT ) has admitted that it needs to closely watch its largest holdings to maintain distance from index tracker funds. It has carved a gold-plated reputation with investors as an elite picker of growth stocks, controlling more than £10bn of assets. It...
Lindsell Train launches North American fund
Thursday 21 May 2020In a sign the asset management industry remains active despite the current market volatility Lindsell Train has launched its first new fund in nearly a decade with Evenlode Investment separately moving forward with plans for a new product targeting global stocks. The LF Lindsell Train North...
Markets welcome lockdown easing but Brexit is still an issue
Thursday 14 May 2020UK markets have been largely on the front foot as investors embraced the Government’s first moves to ease the pandemic lockdown and restart business and the economy. Boris Johnson’s tentative measures will see many people who were unable to work from home and previously furloughed return to their...
All eyes on Cineworld and Everyman as the cinema industry prepares to reopen
Thursday 14 May 2020Cinema chain Vue is reportedly targeting a mid-July reopening for its movie theatres, while its listed peer Cineworld ( CINE ) has said a reopening of its cinemas by the end of June could be realistic. In Taiwan where Vue has already reopened cinemas, filmgoers’ temperatures are checked on arrival...
BT’s dividend glory days are over
Thursday 14 May 2020Frazzled investors in BT ( BT.A ) were dealt a double blow last week, leaving them to wonder if the shares are still worth holding. The UK telecoms giant has scrapped its dividend for the next 18 months and reset future shareholder payouts at half previous levels. On the same day of the dividend...
What to expect from the FTSE 100 stocks yet to update on dividends
Thursday 14 May 2020News that mobile telecoms firm Vodafone ( VOD ) will continue paying dividends gave income investors some cheer after a series of cuts, cancellations and deferments of dividends from UK stocks. There are still a significant number of FTSE 100 firms which have not yet made an explicit announcement...
Gold decision gives Ruffer best month in its history
Thursday 14 May 2020April was a good month for stock market investors, boosted by support from governments and central banks around the world to tackle the economic fallout from the coronavirus pandemic. One of the biggest beneficiaries has been investment trust Ruffer Investment Company (RICA) , which in April...
Exit charge lowered on Lifetime ISA as a temporary measure
Thursday 07 May 2020The exit charge paid when taking money out of a Lifetime ISA early has been temporarily cut from 25% to 20%, so as to help people who might need to access their savings during the pandemic. The lower exit charge has been backdated to 6 March, with anyone affected by the 25% charge from that date...
Companies will need to start quantifying Covid-19 impact
Thursday 07 May 2020In the fallout from the coronavirus pandemic companies have been praised for their honesty. Excellent corporate communicator Next ( NXT ) , for example, conceded it can only look at scenarios which may play out, and isn’t yet able to set out guidance or forecasts. But Tesco ( TSCO ) chief risk...
Investors need to be prepared for terrible second quarter results
Thursday 07 May 2020A punishing first quarter results season with a wave of profit warnings, fundraisings and dividend cuts could be a prelude for the carnage to come when companies report on the three months to 30 June. Widespread lockdown conditions, which have effectively paused global economic activity, were only...