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News by: Gavin Lumsden

RIT Capital makes merger approach to Alliance Trust

by Gavin Lumsden on May 31, 2016 at 16:46

Alliance Trust reveals strategic review as it confirms RIT Capital Partners’ merger approach to create £5 billion global investment giant.

Witan investment trust gets boost from Aviva exit

by Gavin Lumsden on May 31, 2016 at 14:07

Witan has offloaded the £234 million stake held by Aviva Investors that has hung over its share price this year.

Diversity crisis: just 10% of fund managers are women

by Gavin Lumsden, Chris Sloley on May 31, 2016 at 12:00

Investment industry under pressure to eradicate ‘macho’ culture after Citywire reveals just 10% of world’s fund managers are women.

Electra Partners fired from trust after Bramson battle

by David Campbell, Gavin Lumsden on May 26, 2016 at 15:25

Electra Private Equity shares tumble 4.7% after activist investor Edward Bramson seizes control and serves notice on fund manager Electra Partners.

M&G slashes charges for direct investors

by Gavin Lumsden on May 23, 2016 at 07:00

For first time it will be cheaper for investors to hold funds directly with the company rather than fund supermarkets or financial advisers.

Banks avoid break-up as CMA calls for disclosure

by Gavin Lumsden on May 17, 2016 at 10:56

Competition and Markets Authority disappoints consumer groups after its banking inquiry backs off from radical remedies to improve service. 

The US trust that gives the S&P 500 a run for its money

by Gavin Lumsden on May 17, 2016 at 07:00

Garrett Fish, manager of JPMorgan American, explains why the investment trust is good even if it hasn't beaten the US stock market under his watch.

Property funds hit investors with share price mark downs

by Gavin Lumsden on May 15, 2016 at 01:51

Standard Life Investments, M&G and Henderson lower property fund share prices fearful of a 'Brexit' after the 23 June referendum. 

Investment Trust Watch: P2P funds in turmoil

by Gavin Lumsden on May 14, 2016 at 09:34

Our roundup of investment trust shares focuses on tough week for peer-to-peer funds after resignation of Lending Club boss Renaud Laplanche.

Scottish Mortgage could turn to capital to pay dividends

by David Campbell, Gavin Lumsden on May 13, 2016 at 14:30

Leading global growth fund dips into revenue reserves again to pay its dividend and says it may have to use capital gains in future distributions.

Growth fears hit FTSE but commodity falls 'in the past'

by Gavin Lumsden on May 13, 2016 at 12:31

Satellite stocks crash from the skies but miners advance despite concerns over the slowdown in the US and China.

FTSE gains as oil price rises on tightening supply

by Gavin Lumsden on May 12, 2016 at 14:09

BP and Shell advance on forecasts of rising global demand for oil. Fashion label SuperGroup surges on strong trading update.

Securities Trust seeks strong dividends with new manager

by Gavin Lumsden, Jonathan Yarker on May 12, 2016 at 11:21

Martin Currie moves Mark Whitehead to replace Alan Porter as manager of underperforming global income fund, Securities Trust of Scotland. 

The ex-City boy turning round UK’s worst fund

by Gavin Lumsden on May 11, 2016 at 15:26

Reviving hapless Aurora trust requires no-fee, ‘scuttlebuck’, value investor, says Gary Channon of Phoenix Asset Managers.

Who says active managers can't beat the index?

by Gavin Lumsden on May 11, 2016 at 11:46

Richard Peirson, manager of £1 billion AXA Framlington Balanced fund, retires after smashing the stock market return in 23-year career.

Henderson protects property fund from 'Brexit' pain

by Gavin Lumsden, Jonathan Yarker on May 10, 2016 at 17:07

Property slowdown ahead of European Union referendum forces £4 billion 'bricks and mortar' fund to take protective move.

New financial regulator says can't dictate firms' culture

by Charles Walmsley, Gavin Lumsden on May 09, 2016 at 13:03

Andrew Bailey, incoming boss of the Financial Conduct Authority, says watchdog can't set out how City firms behave.

FTSE loses orbit as US jobs data disappoint

by Gavin Lumsden on May 06, 2016 at 16:29

(Update) Worries about this afternoon’s US jobs report unsettled markets. Satellite operator Inmarsat and construction group Interserve slumped.

Investment Trust Watch: Fidelity's special value

by Gavin Lumsden on May 06, 2016 at 15:46

Is smaller company star Alex Wright’s Fidelity Special Values a bargain that won’t go away? Find out in our weekly round-up.

Centrica shocker takes edge off FTSE gains

by Gavin Lumsden on May 05, 2016 at 15:59

Strong results from BT, RSA Insurance and WM Morrison lift FTSE 100 but Centrica slumps 10% after surprise £750 million share issue. 

 

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