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News by: Gavin Lumsden

FTSE drifts but AT&T-Time Warner raises ITV bid hopes

by Gavin Lumsden on Oct 24, 2016 at 13:21

AT&T's $85 billion tilt for Time Warner puts ITV in the frame as a bid target. Defence contractor Cobham plunges on second profits alert.

Daniel Godfrey: help me launch The People’s Trust!

by Gavin Lumsden on Oct 23, 2016 at 00:01

Former fund management chief launches crowd-funding effort to raise £100,000 for fund he says will benefit investors and society.

Investment Trust Watch: the hidden gem in UK Income

by Gavin Lumsden on Oct 21, 2016 at 17:18

Discounts have widened on a several popular UK Equity Income trusts but there is one at Invesco Perpetual that is particularly eye-catching.

Pound stumbles as Brexit hits UK public finances

by Gavin Lumsden on Oct 21, 2016 at 12:36

Sterling slipped against a strong dollar after the UK's budget shortfall shot up last month. BAT's bid for Reynolds buoyed the FTSE 100.

Income giant BAT launches $47bn bid for Reynolds

by Dylan Lobo, Gavin Lumsden on Oct 21, 2016 at 11:20

(Update) British American Tobacco, a widely held income stock, has made a $47 billion (£38 billion) bid to buy US rival Reynolds.

Saudi’s big bond has investors scratching their heads

by Terri-Ann Williams, Chris Sloley, Dalvinder Kular, Gavin Lumsden on Oct 21, 2016 at 07:05

Record $17.5 (£14.3) billion bond sale by Saudi Arabia says a lot about the petro-state and investors’ desperate search for income.

Sweet 16: good value investment trust winners!

by Michelle McGagh, Gavin Lumsden on Oct 20, 2016 at 14:26

Analysts at Canaccord Genuity identify 16 investment trusts with lower charges and better performance than equivalent open-ended funds. 

Mid-cap alerts mar FTSE cheer after US debate

by Gavin Lumsden on Oct 20, 2016 at 11:28

Profit warnings punish FTSE 250 stocks as economic clouds increase investor caution before European Central Bank statement.

FTSE dips as Travis Perkins profits hit by Brexit pain

by Gavin Lumsden on Oct 19, 2016 at 14:48

Builders supplier Travis Perkins leads string of companies warning about impact of Brexit and other economic uncertainty.

Government abandons annuity sellers’ market

by William Robins, Gavin Lumsden on Oct 19, 2016 at 12:13

Consumer groups express disappointment and pension providers relief after Treasury drops plans to let pensioners cash in annuities.

Harbourvest bags SVG Capital after beating Goldman

by Gavin Lumsden on Oct 18, 2016 at 17:26

SVG Capital shareholders set for £1.1 billion pay-out after US private equity firm Harbourvest fends off rivals with an improved offer.

Sterling stalls, FTSE extends gains after inflation report

by Gavin Lumsden on Oct 18, 2016 at 10:27

Higher-than-expected inflation reading blunts rally in the pound but FTSE 100 extend gains. Luxury brands group Burberry tumble.

Gilts & FTSE slide on Brexit split as Pearson plunges

by Gavin Lumsden on Oct 17, 2016 at 13:43

(Update) Reports of cabinet split over Brexit piles pressure on UK financial markets as education publisher Pearson falls on poor sales.

Investment Trust Watch: Hawksmoor's Brexit bargains

by Gavin Lumsden on Oct 14, 2016 at 18:19

This week we look at the trades a pair of professional investment trust investors undertook in the chaotic post-Brexit vote market.

Tesco leads FTSE higher as China data cheers

by Gavin Lumsden on Oct 14, 2016 at 17:19

FTSE 100 ends volatile week on firm footing after positive data from China and better than expected results from US bank JPMorgan.

Finsbury Growth prepares to join £1bn trust club

by Gavin Lumsden on Oct 13, 2016 at 17:17

Nick Train's Finsbury Growth & Income trust has marked its approaching £1 billion market valuation with a small cut in fees. We look at the club it's joining. 

What Unilever vs Tesco tells us about life after Brexit

by James Phillipps, Gavin Lumsden on Oct 13, 2016 at 15:16

Row between retailing giants reveals Brexit impact on consumers and highlights importance of investing in companies with pricing power.

FTSE falls below 7,000 as China exports drop

by Gavin Lumsden on Oct 13, 2016 at 13:53

Weak mining shares push FTSE 100 lower after poor Chinese export data add to investor unease after the strong post-Brexit rally.

Daniel Godfrey to launch 'The People's Trust'

by Gavin Lumsden on Oct 13, 2016 at 08:06

Former Investment Association boss reveals name of new investment trust he hopes will challenge the fund management industry.

Pound leaps on May's Brexit offer as FTSE retreats

by Gavin Lumsden on Oct 12, 2016 at 17:15

Prime minister's Brexit pledge to MPs lifts the struggling pound but the FTSE 100 falters following poor US corporate results. 


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