Royal Bank of Canada’s recent £1.6 billion bid for rival asset manager Brewin Dolphin (BRW) at a 62% share price premium, has highlighted what a scarce and valuable asset Rathbones (RAT) is on the stock market. And despite a rally on a read-across from the Brewin news, the shares are currently trading on just 12.3 times forecast earnings and offer a 4.2% dividend yield. Investors ...

Canada’s largest bank by market value has put the cat among the pigeons in the wealth management sector with a surprise bid for 260 year-old UK firm Brewin Dolphin (BRW). RBC’s cash offer of 515p per share, which has been recommended by Brewin’s board, values the business at £1.6 billion or 62% more than its market value last night. LARGE PREMIUM The offer represents a significant ...

Leading UK shares have shrugged-off concerns currently upsetting Wall Street as expectations grow that the Federal Reserve will act more swiftly than previously predicted to try and tame rampant inflation. At the same time, tensions between Ukraine and Russia continue to grow, adding another volatile factor into the mix. At 9am, the benchmark FTSE 100 is close on 1.5% ahead at 7,479.13, not far ...

Although many developed markets have hit a new all-time high in recent months, the FTSE 350 index of UK stocks still trades below the highs achieved in the middle of 2018. There are plenty of cheap shares on offer in this index. In this article we uncover stocks expected to consistently grow earnings over the next two years that trade at a price to earnings multiple below the market. This ...

The FTSE 100 tumbled throughout trading on Wednesday, closing 1.3% lower to 6,567.37, as investor sentiment was hit by a perfect storm of Covid-19 vaccine troubles, anxiety over the US Federal Reserve’s latest monetary policy update and a warning from the International Monetary Fund (IMF). A row over vaccine supplies from pharmaceutical giant AstraZeneca (AZN) into the EU continued on ...

UK stocks tumbled throughout morning trading on Wednesday as investors braced for the US Federal Reserve’s latest update on monetary policy, due later in the day. The Fed is expected to leave policy unchanged and stick to its ultra-loose stance with near zero interest rates, $120 billion of bond purchases every month and other liquidity relief measures to help the ailing US economy, which is ...

UK stocks dipped modestly in early trading on Wednesday after the International Monetary Fund (IMF) raised its global growth recovery forecast but flagged Britain’s severe pandemic impact as likely to drag on its own economic bounce-back. The IMF now expects the global economy to grow 5.5% this year, a 0.3% increase from October’s forecast, but cut its UK estimates from 5.9% to 4.5% as ...

UK stocks opened substantially higher on Friday after Donald Trump laid out reopening plans for the US economy, with the FTSE 100 up 158 points or 2.8% at 5,786.1 early on. Markets were also buoyed by reports that a coronavirus treatment from Gilead Sciences had delivered positive results. The rally came despite China announcing its first every quarterly economic contraction on record, with ...

The FTSE 100 gains 0.6% to 7,246.96 despite the US increasing tariffs on Chinese goods – with mining stocks helping to support the index. The relatively relaxed response reflecting a strong showing from Asian shares. The moderate response could be because the news was widely expected and because tariffs will not be charged on Chinese goods which have already shipped, providing a possible ...

Increasing hopes that the US and China will finally put their long-running trade dispute behind them gives investors a welcome lift as we begin a new trading week, but the ongoing lack of corporate news continues to act as a brake on hubris in the UK. In early deals the FTSE 100 remains largely directionless, drifting six points lower to 7,431.01, although FTSE 250 mid-caps are doing better, up ...

Demergers are back in fashion with five companies in the FTSE 350 index each preparing to split into two separately-listed entities. Another one has just completed its split and there are rumours that a further FTSE 350 stock could spin off one of its businesses. Unbundled companies often flourish because they have the freedom to be more entrepreneurial and not be part of a larger company where ...

Wealth manager Brewin Dolphin (BRW) is forecast by analysts to increase pre-tax profit by nearly 12% this year to £78.1m and by a further 13% in 2019 to £88.2m. The company is on a roll, judging by its latest half year results which showed net new inflows in discretionary funds under management growing at an annualised rate of 7.7%. The £1bn wealth manager is busy consolidating a highly ...

Wednesday, 17 May Wealth manager Brewin Dolphin (BRW) will release its interim results on 17 May, giving the market the opportunity to see if this £950m cap company can match the pace of its more nimble rivals. Investors should look at assets under management and profit to assess the health of the business. Brewin’s £28m acquisition of fellow wealth manager Duncan Lawrie was approved in ...

Prime Minister Theresa May has fired the starting gun on Brexit by triggering Article 50, a milestone of historic significance and an act that will lead to years of wrangling and uncertainty. Mark Martin, manager of the Neptune UK Mid Cap fund and a proven picker of successful FTSE 250 companies, believes the UK is approaching the Brexit period from a position of relative strength. ‘There ...

Wealth manager Brewin Dolphin (BRW) is paying £26m for an investment management division owned by conglomerate Camellia (CAM:AIM) as it looks to put a £175m cash pile to work. The Duncan Lawrie Asset Management (DLAM) unit is part of Camellia’s private banking business and has £735m in assets under management alongside 1,000 client relationships. Analysts say the deal highlights ...

The search for income has been at the top of many investors’ agenda in 2015. We all love to sit back and scoop up the cash from dividends. Sadly, the risks associated with dividends are becoming elevated amid corporate cash flow pressures. Anyone who depends on dividend income to pay the bills or maintain a decent lifestyle should take a close look at equity income funds. For a small fee you ...

Dividend cuts this year have hit income investors hard but there are still a number of attractive shares with decent yields, according to analysts at N+1 Singer. Markets may be inefficiently pricing some dividend scenarios, the N+1 Singer team argue, providing investors with a way to profit from a ‘dividend surprise’ rally when results are announced. A dividend surprise can take many ...

Swoop on Swallowfield A recent drop in the oil price should provide a tailwind for toiletries-to-cosmetics maker Swallowfield (SWL:AIM). An easing of the cost of oil-derived inputs should assist the positive recent margin trend at the micro cap, returned to profitability last year under CEO Chris How's turnaround strategy. (JC) 'Unbundling' overblown The costs of ...

Can investors make money out of companies that provide them with investment services? They certainly have in recent times. The question now is should you buy into the rally in the hope of further gains, take money off the table or simply maintain your current exposure to the sector? We think the rally has further to run but favour a selective approach and our key buys are Aberdeen Asset Management ...

One way to screen for value investment opportunities is to look at companies whose share prices are trading considerably below lofty highs enjoyed before stock markets around the world crashed in 2008. Most bombed-out stocks will be trading on a low level for a reason but careful research can help you sift out a few golden nuggets. Our in-depth analysis has unearthed six interesting turnaround ...