Six months since the departure of Mark Barnett from asset manager Invesco, two investment trusts previously run by the once-star fund manager have finally settled into their new homes. Investors are rightfully expecting better performance under the new managers, but what’s in store for them? Perpetual Income & Growth Trust last week completed its merger with Murray Income Trust ...

UK markets were dragged lower in early trading on Thursday as gloomy results from banks and other companies gave investors reasons to pull money out of stocks despite drugs maker AstraZeneca (AZN) rising after topping analysts’ expectations on the back of strong drug sales during coronavirus-driven lockdowns. The benchmark FTSE 100 was down 0.8% at 6,084.50 at 8.50am. Lloyds Banking ...

Shares in retailers Dunelm (DNLM), Marks & Spencer (MKS) and Next (NXT) jumped after the bank holiday on news that the government aimed to allow all ‘non-essential’ shops to reopen within the next month. In terms of timeline, outdoor markets and car showrooms are allowed to reopen from 1 June, while all retailers from small independents to department stores can open their doors from 15 ...

New Woodford Income Focus managers Aberdeen Standard Investments (ASI) have given a glimpse of what the revamped portfolio will look like, with only two of the top 10 holdings left over from the Woodford days. Renamed the ASI Income Focus, the new fund will reopen tomorrow under the management of ASI fund managers Charles Luke and Thomas Moore. Investors are able to place trades from midday ...

Tobacco maker Imperial Brands (IMB) was the biggest blue chip faller on Wednesday, the shares sinking 8.4% lower to £17.85 following a warning full year adjusted earnings will be ‘slightly lower’ than last year, and on flat revenue to boot. Imperial Brands’ latest alert was triggered by the US Food and Drug Administration’s (FDA) ban on certain flavours of cartridge-based vapour ...

Unloved tobacco manufacturer Imperial Brands (IMB) puffed 10.9p higher to £19.62 on the news it has poached the boss of premium car distributor Inchcape (INCH) to drive the next stage of its development. Following a successful five year stint in the hot seat at Inchcape, Stefan Bomhard will join as chief executive officer (CEO) ‘at a date to be announced’. He will need to steer Imperial ...

The FTSE 100 stood firm against the backdrop of plunging stock markets elsewhere, rising 0.32% in early morning trading to 7,309.26 as it shook off fears over the coronavirus. It was a different story entirely on Asian stock markets. Opening again after the Lunar New Year holiday, the Shanghai Composite index in China plunged by almost 9% on fears about how the coronavirus will affect the ...

Many people in the UK are eagerly waiting to discover what their investment in the Woodford Income Focus (BD9X6V3) fund will look like under the new management of Aberdeen Standard Investments (ASI). The fund has been suspended since October 2019 and dealing is expected to recommence in the coming weeks under the new name of LF ASI Income Focus. While the details of the restructured ...

Shares in motor retailer Lookers (LOOK) careered downhill in early trading, losing 13% to 43p after the firm halved its full-year profit target due to weak sales in the third quarter. In a trading update for the nine months to 30 September the company said that while the first half had been ‘challenging’, and that it had expected a tough second half, ‘trading has been much more ...

Britain’s automotive industry has stalled as low global demand and weak domestic consumer confidence weigh on sales, profits and sentiment. Disruption is impacting the global car industry and many of the businesses whose fortunes are tied to the automotive sector are in for a very bumpy ride. Yet those able to adapt to the shifting landscape could see exciting times down the road. In this ...

UK markets were weaker on Thursday with the FTSE 100 down 0.5% to 7,545 despite a much-anticipated cut in US interest rates overnight. The major US stock indices lost more than 1% after the chairman of the US Federal Reserve said that the 0.25% rate cut did not mark the beginning of a lengthy easing cycle. The Hong Kong central bank cut rates by 0.25% in line with the Federal ...

Despite the headwinds facing the UK new car market, Vertu Motors (VTU:AIM) managed to trade in line with market expectations during an exceptionally difficult year ended 28 February 2019. So why then, are the lately unloved shares in reverse today, marked down 4.1% to 37p? The negative catalysts appear to be management’s understandable caution on the outlook ahead of Brexit, as well as ...

We think the generous and growing income on offer from Murray Income Trust (MUT) coupled with its focus on quality companies at an attractive price will prove a winner with investors. The investment trust offers a dividend yield of 4.3% and has grown its dividend in every one of the last 45 years. Like all closed-end funds, Murray can hold back cash to act as a buffer if its underlying ...

Warren Buffett once said that as an investor, it is wise to be ‘fearful when others are greedy and greedy when others are fearful’. Fear is not in short supply right now. There are rising concerns over the state of the US economy, and whether after a number of relative boom years, slowing growth might lead to a recession. Interest rates are rising, inflation is emerging and there ...

UK stocks open firmer after a positive showing on Wall Street overnight led by techology stocks and a small rebound in Asian equities. Leading the FTSE100 higher in terms of contribution to the index are heavyweight oil producers BP (BP.) and Royal Dutch (RDSB) together with Asian-exposed banks HSBC (HSBA) and Standard Chartered (STAN). TRICK OR TREAT Standard Chartered shares put on ...

Cigarette and nicotine products company British American Tobacco (BATS) puffs up 4.4% to £41.48 on news its revenue increased by 56.9% to £11.6bn on a year-on-year basis. The company’s chief executive Nicandro Durante says he is ‘confident’ that the company can exceed £1bn of revenue in its non-cigarette products as it seeks to diversify its product range. Molten metal engineering ...

Snaring a bargain can be very satisfying in any aspect of life and when it comes to the stock market increasingly lucrative too. There are signs that value is starting to come back into fashion following several years when investors were focused on companies delivering growth with little regard for valuation. Growth investors look to snaffle out stocks where there is potential for ...

The FTSE 100 is up 0.3% to 6,940.38 in early trading on Monday, helping to repair a little of the damage after a testing week for the index. Corporate news is largely dominated by M&A activity as packaging firm Smurfit Kappa (SKG) rejects a sweetened near €9bn offer from US rival International Paper. Its shares tumble 4.8% to £29.12 in response. Engineering firm GKN (GKN) is forced ...

Listed companies with strong competitive positions typically have pricing power, which in turn enables them to generate healthy margins and crucially, strong cash flow. This cash can be returned to shareholders through two mechanisms, dividends and share buybacks. Such capital allocation decisions are amongst the most important decisions management teams make on behalf of shareholders. Yet ...

Multi-brand car distributor and retailer Inchcape’s (INCH) sales sped 14.6% higher to £2.3bn in a strong third quarter, the top line boosted by weak sterling and a South American distribution acquisition made at the end of 2016. Stripping this deal out, revenues still rose 9.4% higher. Inchcape grew in all regions, notably in emerging markets. This performance demonstrates the advantages ...