British Steel saved China steps in Chinese industrial conglomerate Jingye Group will rescue British Steel in a deal that could save up to 4,000 jobs. Jingye said that it plans to invest £1.2bn in Britain’s second-biggest steelmaker over the next decade. In the new agreement, the group would also acquire …
Read More »Market report: Growing profit figure at Games Workshop sees it hit shares record
Games Workshop shares hit a record high a quarter of a century after making their market debut after the miniature wargame manufacturer forecast a sharp increase in profit. The maker of Warhammer fantasy figurines led the FTSE 250 risers and closed almost a fifth higher at £53.75, up 869p. In …
Read More »Jeremy Corbyn could be at No 10 in six weeks’ time. This is Questor’s response
Questor Income Portfolio: the prospect of a hard-Left government rightly instils fear in investors. But what is a suitable course of action? Does a possible Corbyn government represent an existential threat to our portfolio? In theory, any business based or listed in Britain is at some risk from a hard-Left government. …
Read More »Seven days: 18 October
Royal Mail strike Landslide victory Communication Workers Union members employed by Royal Mail (RMG) voted overwhelmingly to go on strike, in a move that could threaten the Black Friday and Christmas shopping periods. “The workforce has completely rejected the company’s plans to set up a separate parcels business,” CWU general …
Read More »the latest sell-off hits our Income Portfolio’s value; fortunately dividends are much less volatile
Questor Income Portfolio: several of our holdings have fallen during this week’s bout of pessimism but we have no reason to fear for our income The stock market took a severe tumble on Wednesday and some of our stocks bore the brunt: Lloyds Banking Group and Legal & General both lost 3.3pc …
Read More »Bank of England set to hold interest rate as it braces for Brexit — live updates
Coming up today Next, says Hargreaves Lansdown’s Emilie Stevens, “remains defiant in the face of the high street storm”. The company recently bucked the sector trend by upgrading its forecasts after rising sales. The retailer – like many of its rivals – is trying to move more of its sales …
Read More »capital gains on our Income Portfolio fail to shine as Brexit fears take their toll
Questor Income Portfolio: we have a heavy domestic bias, which is doing us no favours when it comes to share prices, although our income is holding up nicely As it is the first Friday of the month we publish today our performance table for the Income Portfolio. It tells a …
Read More »What will an election mean for the UK stock market?
The UK stock market and the pound are already pricing in a mountain of political risk. Equities listed in London are under-owned by global investors and sterling is flirting with multi-decade lows. But, if Boris Johnson manages to get the election he wants, could a fractious campaign actually make things …
Read More »Elton John and Princess Diana: ‘Candle in the Wind’ singer shares heartbreaking…
4 September 2019, 14:38 Elton John shares heartfelt post to the late Princess Diana. Picture: PA Sir Elton John has used Instagram to post a tribute to his late friend Princess Diana. Posting a snap of the pair together to his 2.1 million followers, Elton gave a nod to their …
Read More »‘Cliff edge’ fears for union talks send Royal Mail shares tumbling
Fears of an escalation of hostilities with workers’ unions delivered a blow to investors in Royal Mail on Tuesday. The former state postal monopoly has reached a “cliff’s edge” in its relationship with the Communication Workers Union, analysts at JP Morgan said, adding that the outcome of mediation was uncertain. Workers’ …
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