Shares News

Shares in International Distributions Services make meagre gains despite recommended £3.57 billion bid featured picture

Shares in International Distributions Services make meagre gains despite recommended £3.57 billion bid

The board of Royal Mail-owner International Distributions Services said it had agreed to a raised £3.57 billion bid from Czech billionaire Daniel Kretinsky, already a major shareholder in the firm. Despite the bid valuing IDS shares at 370p each, the stock traded just 11p, or 3.5% higher at 332p suggesting investors were reserving judgement on the deal getting government approval. IMPROVED O...
Manager Nick Train apologises again for Finsbury Growth & Income underperformance featured picture

Manager Nick Train apologises again for Finsbury Growth & Income underperformance

Nick Train, manager of the popular Finsbury Growth & Income Trust , has apologised to shareholders for the trust's 'poor investment performance' not only over the past six months but over three years. The manager also acknowledged the 'growing impatience' from the shareholders. Train's apology comes after the trust lagged behind its benchmark, the FTSE All Share index, for the six months endin...
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