Breaking news
Woodford investors face a further agonising 10-day wait for what’s left of their savings as ruined fund delays payouts The first payouts are now due to start on 30 January Investors will be told the amount they will get around 28 January 2020 The equity income fund has lost 15% since investors were locked in … Read more
Labour peer nets millions as investors in his collapsed Koovs fashion firm are wiped out Koovs went under on Tuesday in a pre-pack administration Its chairman, Lord Waheed Alli, bought the clothing company, saving jobs But small shareholders in the AIM-listed company will lose out Alli’s TV production company was snapped up on the very … Read more
Damage to Woodford investors will be revealed in January: Payouts will start with 56% of the stricken fund sold and £1.65bn raised so far Hundreds of thousands of investors face losses following collapse of the fund They will be told what they are to receive in their first payout on January 13 These will start … Read more
Where are the wealthy looking to invest in 2020? Green energy is top pick for those seeking long term gains Nearly all age groups were disposed to put money in green energy in 2020 Technology, commercial property and gold were other popular selections Mining, retail, industrial and auto stocks languished at the bottom of the … Read more
Investors who hold their savings with Hargreaves Lansdown are finally free to move their cash to a rival firm penalty-free. Experts say the move to scrap its exit fees is an attempt to repair the firm’s reputation, which has suffered in the wake of the Neil Woodford debacle. Others warn that the decision could spark … Read more
Now we know who will succeed Mario Draghi in the most difficult job in the world of economics and banking, and the most important one behind Federal Reserve boss. After much arm twisting, horse trading and various other things behind closed doors, the white smoke was sent up by the EU and Christine Lagarde was … Read more
The cult of personality in fund management is relatively new. The people managing our assets historically were hidden in the back rooms of big investment firms, subservient to the star dealmakers and traders. Perhaps inevitably in an age of celebrity, those who put up the best performances emerged from the shadows essentially as a marketing … Read more
Neil Woodford’s struggles were not fresh news but his fund being shuttered was a shock. Investors who have stuck with Woodford’s Equity Income fund, including yours truly, are now locked in until an unspecified future date – in a move trailed as having been made to protect us. The soap opera of Britain’s most famous … Read more
The Isa season officially ended with the tax year but the UK’s biggest DIY investment platforms have upped the ante in their bid to win investors’ funds by unveiling new propositions. Interactive Investor has announced the introduction of three subscription plans involving a monthly fee to replace its existing quarterly charging structure from 1 June. … Read more
Mike Ashley rages at Debenhams as Sports Direct unveils plans to buy £15m of shares back off investors By City & Finance Reporter for the Daily Mail Published: 21:50 BST, 11 April 2019 | Updated: 21:50 BST, 11 April 2019 Mike Ashley’s firm Sports Direct said it will purchase 5m of its own shares in … Read more