Stocks in London were lower at midday on Wednesday, despite upbeat domestic data, as heavy falls on Wall Street dented the mood.The FTSE 100 index was down 51.37 points, or 0.6%, at 8,247.25. The FTSE 250 was down 132.10 points, or 0.6%, at 20,676.05, and the AIM All-Share was down 4.94 points, or 0.7%, at 757.45.The Cboe UK 100, the Cboe UK 250, and the Cboe Small Companies were all down 0.6%...

M&G chair buys sharesBreedon chair ups stakeInvestec director sells sharesEdward Braham, chair of asset manager M&G (MNG), bought 24,600 shares at 204p for a total value of £50,174 on 20 June.A person closely associated ? Isabel Braham - also bought 14,800 shares at 204p for a total value of £30,192 on the same day.These move comes after the asset manager launched a £150 million bond tender...

The cost-of-living crisis which has engulfed the UK over the last year or so has hit people in different ways. All of us have been hit with much higher energy and food bills, and a significant proportion of the population is now facing a housing cost crunch, whether that's in the form of higher rent or bigger mortgage payments.People have had to adjust in different ways, depending on their...

Deal sees veteran Pease bow outConsolidation gathering paceListed UK firms could be vulnerable to takeoversCompetition for customers and the need for economies of scale are driving another round of consolidation in the UK wealth management industry with the announcement this week of yet another deal.Yesterday it emerged that hedge fund Lansdowne Partners had agreed to acquire equities...

If you're looking to play the expected reopening for China and its economy in 2023, FTSE 100 insurer and asset manager Prudential (PRU) could a good way to get exposure while also benefiting from the transparency of investing in a UK-listed company.Following the demerger of M&G (MNG) in the UK in 2019 and the sale of its Jackson Life annuity business in the US last year, Prudential is now...

- Shares rise on encouraging first-half results- Fund inflows vindicate changes implemented by management- 2023 prospective dividend yield of over 9%Shares in British insurer and asset management firm M&G (MNG) rose by 2% to 222p following the announcement of an encouraging set of first-half results.Although both interim profits and assets under management declined there was a marked...

With stock markets wrestling with the twin concerns of too little growth and too much inflation, cautious investors who want to spread their risk might want to look at multi-asset funds.Rather than just owning shares, these funds own a mixture of equities (another term for stocks and shares), bonds, currencies, and alternative assets such as property and infrastructure.As such they take the...

Every chief executive talks about creating shareholder value, but which ones walk the walk?While the investment trust industry can count on 27 managers with at least 20 years under their belt at the same firm, there are very few FTSE 100 chief executives with that kind of track record.The most obvious is Simon Wolfson (pictured), who has headed Leicestershire-based high street retailer Next...

We all like to have some cash put aside for a rainy day, but if you have more than you reasonably need to meet most contingencies you really need to think about investing the surplus.With inflation running high you need to get more from your money than simply leaving it sitting in cash. Inflation will eat away at the spending power of this money, but you can fight back by putting the cash in...

British insurer and asset management firm M&G (MNG) surprised the market with better-than-expected full year results on 8 March. This has made investors look more closely at the investment opportunity and we think you should do the same.M&G's shares are cheap, trading on 8.3 times 2023 forecast earnings, and the dividend is very attractive with a 9.2% prospective yield based on next year's...

Investors welcomed news that City of London Investment Trust (CTY) outperformed the UK market and income indices in the six months through December 2021, sending the shares 0.7% higher to 409.8p.The 6.9% growth in net asset value nudges the trust ahead of both the FTSE All-Share and the UK Equity Income sector performance over one year, notching up a 20.1% total return compared with 18.3% and...

Leading UK shares have shrugged-off concerns currently upsetting Wall Street as expectations grow that the Federal Reserve will act more swiftly than previously predicted to try and tame rampant inflation. At the same time, tensions between Ukraine and Russia continue to grow, adding another volatile factor into the mix.At 9am, the benchmark FTSE 100 is close on 1.5% ahead at 7,479.13, not far...

City of London Investment Trust (CTY) has been a popular choice for investors over the years, but a period of underperformance versus the UK Equity Income investment trust sector average on a three and five-year basis is a worry.Typically investing in FTSE 100 companies, City of London has been a hit with certain types of investors, particularly those approaching retirement or already in it....

The FTSE 100 is poised for some significant changes in the coming 12 months such as the removal of BHP (BHP) from the index and GlaxoSmithKline (GSK) splitting into two businesses.The importance of sectors like resources, pharmaceuticals and insurance is likely to be reduced with consumer goods and banks potentially enjoying an increased weighting.Over time structural changes in the economy...

Insurance giant Prudential (PRU) is poised for a major change as it plots the imminent demerger of its US Jackson Life business.In October 2019 Prudential spun off its fund management arm M&G (MNG), crystallising a £5.6 billion valuation with investors receiving shares in both companies.Prudential is now close to demerging Jackson Life, with the process set to take place later in September....

Having struggled for direction all morning, the FTSE 100 index surged from its lunchtime lows to tack on 32 points or 0.45% to 7,164 by the close, led by cyclical stocks including media companies ITV (ITV) and WPP (WPP).Gambling company Flutter Entertainment (FLTR) was the top FTSE performer, rallying 8% to £139.78 after it reported a better-than-expected trebling of first-half profit amid a...

Shares in asset manager and insurer M&G (MNG) plunged more than 3% to 230.5p in morning trading as investment outflow worries continued to trump operating profits that came in ahead of market expectations.The FTSE 100 business saw an £800 million outflow from its retail arm - which includes the flagship Prufund - shocking analysts who had anticipated a largely flat flows performance. Property...

Having underperformed the FTSE 100 and the FTSE 350 for the best part of 10 years, September 2020 saw the FTSE 350 banks index stop making decade lows and start to make short-term highs, much to the excitement of analysts and investors.As the market rotation towards value stocks took hold, the UK's unloved banks jumped sharply in the final quarter of last year.At the start of this year, the...

DNA sequencing biotech company Oxford Nanopore has raised £195 million of fresh growth funding ahead of its planned London listing later this year that could value the business at up to £4 billion.The new funding comes as a surprise given that Oxford Nanopore had previously said it was 'well-funded for the next phase of corporate development', having raised £613 million in several funding...

Since the first successful vaccines were announced in November 2020 value shares have made a huge comeback after many years in the wilderness.You may have wondered why value shares have continued to perform well this year on expectations of rising interest rates. In this article we explain how rising rates impact value and growth shares using a concept that is more often used in the bond...