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Selling by insiders raises new questions for NMC Health

Thursday 16 Jan 2020

United Arab Emirates-based private healthcare provider NMC Health ( NMC ) faces mounting pressure amid short selling and as major shareholders ditch hundreds of millions of pounds worth of stock. The business first came under fire from short seller Muddy Waters on 17 December when it published a...

Can the Christmas retail losers’ problems be fixed?

Thursday 16 Jan 2020

The kindest description you could give the post-Christmas trading updates from the retail sector would be ‘mixed’. Some companies excelled, such as Next ( NXT ) maintaining its recent sales growth momentum, but others had a much harder time. Next’s strong online sales and the robust sales growth at...

The value of takeovers on the AIM market increased by a third in 2019

Thursday 16 Jan 2020

Accountant UHY Hacker Young reports that the value of takeovers of AIM-quoted companies jumped by 32% last year with appetite for fast-growing fintech, technology and financial services targets driving the increase. It found that a large number of AIM takeovers in 2019 were driven by overseas...

Debate emerges over rate cut after weak GDP data

Thursday 16 Jan 2020

A debate has emerged over whether or not the Bank of England should cut interest rates after the economy grew by just 0.1% in the three months to November. While this figure was slightly better than forecast, the economy shrank 0.3% month-on-month in November, below the flat rate predicted. Bank of...

Liontrust roars ahead on sustainable fund flows

Thursday 16 Jan 2020

Shares in Liontrust Asset Management ( LIO ) jumped over 9% to a new all-time high of £12.20 last week after it revealed that net fund inflows had almost doubled in the nine months to 31 December compared with the same period a year ago. Assets under management at the end of 2019 were £19.1bn...

Grocers’ ‘golden quarter’ falls flat

Thursday 09 Jan 2020

Early indications are that Christmas trading for the supermarkets wasn’t disastrous but neither was it stellar. ‘I don’t think people will be popping champagne corks’ was one observer’s verdict. Sainsbury’s (SBRY ) reported a 0.4% like-for-like increase in grocery sales for the 15 weeks to 4...

Sirius Minerals shareholders may not like takeover price

Thursday 09 Jan 2020

Shareholders in Sirius Minerals ( SXX ) will have to weigh a potential offer of 5.5p per share after mining giant Anglo American ( AAL ) tabled a takeover proposal for the company. The proposal represents a 34% premium to the previous day’s closing price of 4.1p, and values Sirius at £386m. That is...

What Iran-US tensions mean for markets and investors

Thursday 09 Jan 2020

Of all the risks investors were weighing for the year ahead, a big escalation of hostilities in the Middle East was not foremost in most people’s minds. However, recent developments in the region have intervened to interrupt a promising start to 2020 for stocks. This remains a fluid and febrile...

Problems mount up at Hadrian’s Wall fund

Thursday 09 Jan 2020

Following news on 9 December that Hadrian’s Wall Secured Investments ( HWSL ) may wind up after encountering problems with some of its holdings, we think now is to time for shareholders to cut their losses and get out. Having recently increased its loss provision on two biomass investments from £3...

Flagship Lindsell Train funds downgraded on capacity concerns

Thursday 09 Jan 2020

Fund manager Nick Train found an unwelcome gift under his tree on Christmas Eve – a downgrade by ratings agency Morningstar to two of the funds he runs. The agency cut its rating on the £6.7bn LF Lindsell Train UK Equity Fund (B18B9X7) from Gold to Bronze and cut the rating on the £1.8bn Finsbury...

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