Shares News

Market Report: Merlin pressure rises as activist calls for action, Serco jumps on naval acquisition featured picture

Market Report: Merlin pressure rises as activist calls for action, Serco jumps on naval acquisition

UK stocks are in sharp reverse in early trade on Thursday as growing tensions between the US and China, and doubts over Theresa May's government leadership because of Brexit continue to gnaw away at investor confidence. The benchmark FTSE 100 slumps more than 80 points, or roughly 1.2%, to 7,247.66, although a swathe of companies going ex-dividend today (when new shareholders lose the right to ...
Fundsmith’s emerging markets fund ‘FEET’ stumbles as Terry Smith steps back featured picture

Fundsmith’s emerging markets fund ‘FEET’ stumbles as Terry Smith steps back

Pugnacious stockpicking legend Terry Smith is stepping back from the day-to-day running of the Fundsmith Emerging Equities Trust (FEET), unsettling news that triggers a 17.5p decline to £12.15 at one of Shares’ running Great Ideas selections. Michael O’Brien and Sandip Patodia, who both joined Fundsmith ahead of FEET’s 2014 launch, have been promoted to the roles of Portfolio Manager and ...
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