US alternative asset management firm Ares to lend £1bn to Daisy Group for minority investor buyout February 26, 2019 US asset management firm Ares will invest more than £1bn in business telecoms firm Daisy Group to allow the firm's founder Matthew Riley to buy out a minority investor. The investment will also be used to refinance the company’s existing credit facilities, and will support the firm’s future growth plans. Read more: Daisy calls FTSE [...]
Ex-Barclays Bank chairman Sir Gerry Grimstone to chair Investcorp and Aberdeen Standards joint venture February 26, 2019 Former Barclays Bank chairman Sir Gerry Grimstone has been appointed chairman of Investcorp and Aberdeen Standard’s gulf infrastructure investment joint venture. Grimstone, who stepped down from his role at Barclays investment arm on Friday, is rejoining Standard Life Aberdeen after resigning as chairman in January this year. Read more: Chairman of Barclays' investment banking arm [...]
Funds and investment trusts for all the family February 26, 2019 | City Talk by Jemma Jackson from interactive investor. As the current tax year approaches an end, interactive investor selects some great funds for your ISA. Whilst reviewing or selecting an ISA portfolio might seem like a solo pursuit (the clue is in the name – Individual Savings Account), it doesn't have to be. interactive investor explains why [...]
Jupiter finance chief Charlotte Jones moves to insurer RSA February 26, 2019 Jupiter Fund Management chief financial officer Charlotte Jones has been poached by FTSE 100 insurance group RSA. The fund management firm said Jones’ departure to join RSA in the same role after three years was “disappointing”. Read more: Ex-Janus Henderson boss to replace Jupiter Fund Management chief executive Jones, who already sits on the RSA [...]
Is this popular measure of stock market value giving a misleading “sell” signal? February 25, 2019 | City Talk One of the most widely watched measures of stock market value, the cyclically-adjusted price to earnings ratio (CAPE), has been giving off a screaming “sell” signal for the US market in the past few years. Last year it rose to a level not seen in its almost 140 year history, other than during the peak [...]
Are Centrica shares a buy at 20-year low? February 24, 2019 | City Talk At prices not seen since 1999, a 10 per cent dividend yield appears tempting, but it's not that straightforward. Two years ago, Centrica (LSE:CNA) shares were worth over 230p. Today they dived 12 per cent to just 120p. Last time they were that low you could have bought a loaf of bread for 51p* and Shanks & [...]
Most Brits struggle with ethical finances, research shows February 23, 2019 The majority of people try to live ethically but fall short when it comes to their finances, new research shows. A total of 71 per cent of Brits said they generally live their life ethically however, a fifth of people said they make socially responsible choices for their finances, according to a survey by digital [...]
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 [...]
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 [...]