Skip to Content

Investing

Feed

Not all gloom for UK equity income

Filed under: Investing, Markets

FTSE market screenThe UK equity income sector offers good long-term potential despite a torrid time in recent years. Over-exposure to banks and insurance companies have worked to the detriment of many equity income funds dividends being cut savagely

But Graham Ashby, head of UK equities at LV= Asset Management predicts a renaissance for the sector over the next decade.

Time to be bullish on outsourcing firms

Filed under: Investing, Financial Crisis

Picture of The Houses of ParliamentThere is the old saying that it's an ill wind that blows nobody any good.

And for outsourcing companies, this may well be true as government cutbacks could prove hugely beneficial.

The need to cut the nation's increasing debt burden will lead to a rush in outsourcing of back-office public services and drive excellent growth opportunities for companies in the support services sector.

This is the view of Paul McGinnis, head of research, at The Co-operative Asset Management.

He argues that regardless of which political party wins the forthcoming election, tackling the country's budget deficit will result in the outsourcing of public services on an unprecedented scale – in itself providing a huge opportunity for investors.

BP goes nuts for new Brazil deal

Filed under: Economy, Investing, Energy

BP logoBP hopes Brazil is about to spout serious oil. BP has just bought a load of exploration assets from US company Devon Energy for £4.7bn.

These sites include ten promising new Brazilian fields, plus deep water sites in the Gulf of Mexico. It's all about long-term potential. But it's thought BP will gain around 40,000 barrels a day from the deal immediately.

Fund Focus: Invesco Latin America

Filed under: Investing, Markets

Dean Newman manager of Invesco Perpetual Latin American fundA trip to Brazil in July 2009 was enough to convince Dean Newman (pictured) that the long-term prospects for Latin America were extremely positive.

Newman, who manages the Invesco Perpetual Latin American fund insisted in an interview with IFA Partridge Muir & Warren that despite having felt the effects of the 2008 financial crisis, Latin America is a good place to be right now.

A decade on from dotcom mayhem

Filed under: Investing, Markets, Technology

Picture of laptopGo back 10 years from this very day and the stock market was going into freefall as technology stocks finally came back to earth with a resounding bump.

With the benefit of hindsight it is clear now that some fledgling tech companies were fantastic businesses and have proved this since but back then it was harder to distinguish the wheat from the chaff.

Six of the best for ISA investors

Filed under: Investing, Personal Finance

Man looking at calculation of performance figuresHaving looked at the pros and cons of cash ISAs, many investors may well decide to instead opt for the potentially better but riskier rewards on offer from equity ISAs.

Nigel Walker head of research with online broker Torquil Clark provides his top six funds for ISA investors in 2010.

How to cut your tax bill - legally

Filed under: Guides And Tools, Investing, Personal Finance, Savings and Accounts, Taxes

There are legal ways of keeping money out of the taxman's clutchesIt might sound a little calculating, not to mention downright paradoxical. But if you want to save on your tax bill, consider giving money away. As they say, giving is a form of receiving. Nowhere is this more true than in the UK tax system.

"Making charitable donations through the gift aid system is very tax efficient for both the charity and individuals who are higher rate tax payers," says Jason Butler of Bloomsbury Financial Planning.

MPs slam venture frameworks

Filed under: Company, Small Business, Investing, News

hands holding £5 notesLet's face it, the government's reputation for investing in small businesses has never been great.

Today a group of MPs are taking the matter seriously and pointing fingers at the UK government's management of its venture capital funding plans for those small businesses with prospects for growth.

Ignore cash ISAs at your peril

Filed under: Investing, Savings and Accounts

Graphic showing savings growingClaims that the over 50s are failing to grasp the new ISA rules are missing the point.

Many do understand the new rules but either have not got the money to spare or are totally unimpressed with the rates offered on cash ISAs.

Given the number of comments in response to Daily Finance story 'Over 50s fail to grasp new ISA rules' (link below) it would seem many older savers are just not inspired with interest rates so low to invest in cash ISAs.

However Matt Hunter, head of money at Confused.com, urges everyone to consider the bigger picture.

Report reveals huge RBS pension deficit

Filed under: Investing, Pensions

RBS logoThe news just doesn't get much better for RBS does it? The banks has just reported a loss for 2009 and been heavily criticised for paying out bonuses.

It now seems the bank has the largest pension deficit relative to its market value out of U.K. finance firms in the FTSE 350 index.

Where to find best ISA deals

Filed under: Investing, Savings and Accounts, News , Banking

Barclays is fighting for a share of the ISA marketJust over four weeks to go until the new ISA year. This is traditionally a time when you can find attractive rates on these tax-free investment vehicles. Firms dangle these rates in an attempt to woo last-minute savers in this tax year.

A moneynet.co.uk ranking reveals that Santander offers the best rates for instant access ISA products, (3.5%). Barclays has crept into second place (at 3.1%). "The ISA market is really taking shape as we approach the annual hot bed of activity as providers look to lure savers yet to make their move in the current tax year," said Andrew Hagger of Moneynet.co.uk.

Women still denied senior work roles

Filed under: Company, Debt, Investing, News

A smartly dressed woman looking sadWomen are not making the grade in senior business roles. Still. That's the conclusion of the World Economic Forum (WEF) which says the world's top companies are still failing to educate, train and reward women higher up the company food chain.

WEF says India has the lowest amount of female employees at high-ranking positions. The US, on the other hand, scored well with the highest percentage of female employees (52%) occupying high-level positions.

Red hot war of words over United bid

Filed under: Investing, Sport

Manchester UnitedThe rumoured supporter takeover of Manchester United stepped up a gear over the weekend with signs of a new publicity front being opened.

'Sources' close to the Red Knights group of wealthy fans claimed team manager Alex Ferguson was not only backing the bid, but prepared to invest his own cash.

Pick of the early market news

Filed under: Investing, Markets

Picture of stock market screenBovis Homes Group announced its preliminary results for 2009 which showed a marked improvement on 2008 numbers and indicated the effectiveness of cost-cutting measures.

Bovis posted pre-tax profit for the year of £4.8m (in 2008 Bovis recorded a pre tax loss of £78.7m).

Basic earnings per share are currently 2.8p, which compares to basic loss per share of 49.1p in 2008.

The company claims it has benefited from cheaper, longer term and more flexible banking facilities agreed at the end of 2009.

More investment choice is overated!

Filed under: Investing, Savings and Accounts

Picture of a man pondering set of figuresThe Financial Services Authority prides itself on talking about transparent investment products and 'treating customers fairly'.

This is all very noble stuff but then there is also this obsession with offering the public more investment options as if in some way more choice means a better deal.

History tends to show that this 'greater choice' is invariably via products that are intrinsically complex in structure.

So on the one hand you have a call for simplicity and on the other you have the sanctioned roll out of products that could potentially be the next mis-selling scandal.
DailyFinance Writers
Chris Wheal Chris Wheal News editor and business writer
Christina Jordan Christina Jordan Personal finance and mortgage writer
Lucy Tobin Lucy Tobin City writer
David Burrows David Burrows Finance, business and personal finance writer
Adrian Holliday Adrian Holliday Business personal finance writer
Lauren Cooper Lauren Cooper Asian markets and features writer
Helen Fowler Helen Fowler Financial news and business writer
Omotola Akerele Omotola Akerele Finance Writer
Guy Clapperton Guy Clapperton Small Business and Technology Writer

Weekend City Press

Get the latest from the experts: market comment and analysis, key headlines from the Weekend Press - Weekend Paper Tips