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News by: Gavin Lumsden

Facebook and Apple prepare to enter a new era

by Gavin Lumsden on Jan 30, 2012 at 09:24

It's a tale of two tech stocks: Facebook finalises flotation plans as Apple faces boycott calls and pleas from investors to put its cash pile to work.

Hester gave up £1m bonus to avoid 'pariah' status

by Gavin Lumsden on Jan 30, 2012 at 07:54

RBS chief executive Stephen Hester finally turned down his controversial bonus fearful he was becoming a hate figure.

Funds industry denies unit trusts are a 'rip off'

by Gavin Lumsden on Jan 27, 2012 at 17:23

The chief of the IMA has debunked critics' claims of 'hidden' charges, but has done nothing to say if funds are too expensive.

Does Stephen Hester deserve his RBS bonus?

by Gavin Lumsden on Jan 27, 2012 at 10:21

Turning round the Royal Bank of Scotland (RBS.L) required a poacher to turn gamekeeper, but we wanted a hero too.

Top funds enjoying the rally... and those left behind

by Gavin Lumsden on Jan 25, 2012 at 10:47

European and property funds enjoyed another good week as share prices continued to rally, although some bond funds lost ground.

Why DS Smith shares jumped out of their box with SCA bid

by Gavin Lumsden on Jan 20, 2012 at 16:20

Shares in DS Smith have responded well to the packaging specialist's 'transformational' £1.3 billion bid for a Swedish rival this week, although the deal is not without risks.

Warren Buffett buys more shares in battered Tesco

by Gavin Lumsden on Jan 19, 2012 at 13:32

The 'Sage of Omaha' pounced on last week's profits warning from Tesco to increase his stake in the supermarket group to over 5%.

Diary of a Top Stocker: Kenmare is a winner and I'm on the launch pad

by Gavin Lumsden on Jan 19, 2012 at 05:01

I'm back with the identity of our last competition winner and exciting news about my Citywire Top Stocks portfolio. 

DS Smith doubles in size with £1.3bn SCA Packaging deal

by Gavin Lumsden on Jan 17, 2012 at 17:18

DS Smith chief executive Miles Roberts unveils a 'transformational' acquisition for the FTSE packaging company and Citywire Top Stock.

Carnival shares crash after Costa Concordia accident

by Gavin Lumsden on Jan 16, 2012 at 18:10

(Update) Shares in Carnival (CCL.L), the owner of the stricken Costa Concordia cruise ship, plunged 17% as fears of an environmental disaster grew.

Tesco chairman swoops on retailer's distressed shares

by Gavin Lumsden on Jan 13, 2012 at 17:32

Sir Richard Broadbent, Tesco’s new chairman, took advantage of its share price slump to buy his first purchase of the supermarket's stock since joining the board.

Tesco: the funds that held the battered stock

by Gavin Lumsden on Jan 13, 2012 at 11:31

We reveal the investment trusts that held big positions in Tesco and review more reaction to the retailer's shocking profits warning.

Big Price Drop leaves Tesco investors reeling

by Gavin Lumsden, Caelainn Barr on Jan 12, 2012 at 15:39

Very little helps Tesco (TSCO.L) investors get over the shock of its first profits warning in living memory, causing shares to slide 15%.

They're off! How investment funds fared in the first week of 2012

by Gavin Lumsden on Jan 12, 2012 at 00:01

The Junior Oils fund leads the investment pack with a stunning 13% return after just a week into the New Year. First in a unique series of weekly market reports.

Theft, repression and turmoil: what investors can expect in 2012

by Gavin Lumsden on Jan 11, 2012 at 09:30

What 2012 holds in store for investors... and how to cope with it.

Swiss central banker quits over currency scandal

by Gavin Lumsden on Jan 09, 2012 at 17:00

(Update) Philipp Hildebrand, chairman of the Swiss National Bank, has resigned over the scandal caused by his wife's currency trading.

Lloyds chief executive ‘thrilled’ to be back at work

by Gavin Lumsden on Jan 09, 2012 at 15:06

Lloyds (LLOY.L) boss Antonio Horta-Osorio returned to work today after two months’ sick leave. Shareholders hope he is fighting fit.

Cameron's fat cat crackdown faces RBS challenge

by Gavin Lumsden on Jan 09, 2012 at 08:56

The PM's campaign on executive pay starts awkwardly as Royal Bank of Scotland prepares to pay a director over £4 million.

7 reasons to be bullish about the US in 2012

by Gavin Lumsden on Jan 06, 2012 at 15:57

With US unemployment falling, Terry Ewing of Ignis Asset Management sets out why investors should continue to be positive about the US.

Swiss central banker refuses to resign over currency scandal

by Gavin Lumsden on Jan 05, 2012 at 17:50

(Update) Swiss central banker Philipp Hildebrand says he has no plans to quit over his wife's controversial currency trading.

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