By Jeff Prestridge Updated: 16:19 GMT, 18 December 2023 Fund manager Gerrit Smit is a disciple of investment guru Charlie Munger – Warren Buffett’s former number two – who died last month at the grand old age of 99. Munger liked to buy businesses for Buffett’s company Berkshire Hathaway that […]
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By Hugo Duncan Updated: 22:05 GMT, 6 December 2023 Borrowing costs fell as investors ramped up bets on interest rate cuts next year despite efforts by the Bank of England to quash such talk. The yield on ten-year gilts – a benchmark measure of how much the Government pays to […]
Elon Musk’s SpaceX has approached investors about another tender offer that would value the company at above $175 billion, Bloomberg reported Wednesday. Tender volume could go up as it is not finalized that could value the firm even higher, the report added. SpaceX’s current valuation of about $150 billion makes […]
By Mark Shapland Updated: 21:51 GMT, 5 December 2023 Star fund manager Nick Train warned there was ‘little sign of respite’ as the London-listed trust he runs reported another slump in the value of its portfolio. Lindsell Train Investment Trust was hit by its heavy exposure to consumer giants including […]
Registered Woodford Equity Income fund investors to vote on mooted payout But some argue the sum is not enough and investors should reject the deal By This Is Money Updated: 15:14 GMT, 4 December 2023 Neil Woodford was once one of the most popular stock pickers in the UK Investors […]
An aerial view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. REUTERS/Tatiana Meel/File Photo Acquire Licensing Rights OPEC+ agreed to 2.2 mln bpd of cuts for the first […]
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights Deere drops on weak forecast Nvidia falls on China sales slowdown concerns Weekly jobless claims lower than expected NEW YORK, Nov 22 (Reuters) – […]
NEW YORK, Nov 22 (Reuters) – The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers, who see fiscal and monetary policies, next year’s presidential election and recession fears as likely to start weighing on […]