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The main market was pulled lower by mining and energy stocks that outweighed the news GDP rebounded by 4.8% in the second quarter. Arix Bioscience was the biggest investment company faller.
Analysts warn shares in popular Impax Environmental Markets could become red hot as investors respond to this week’s landmark report on climate change and the fund’s board tries to reduce the amount of shares it issues.
The main index edged higher this morning as Avast became the latest UK-listed takeover target while the FTSE 250 hit a fresh peak.
UK fund managers Gervais Williams and Martin Turner have reinstated their ‘put option’ insurance policy to protect investors from a stock market correction they believe could be coming.
Simon Fraser, the former Fidelity funds boss and F&C investment trust chairman, has died aged 62.
Lindsell Train fund manager says US acquirers targeting British firms and Lord Rothermere aiming to take Daily Mail private underlines the value in the UK market.
(Update) Global fund managers at Ruffer and Artemis have warned that recent volatility suggests investors are only beginning to recognise the political risks of China.
The FTSE 100 inched higher this morning despite a strong showing from gambling stocks. Private equity fund Literacy Capital jumped 11% on a fund-raising by one of its investments.
Smithson, the £3bn global smaller companies investment trust run by Terry Smith's Fundsmith, posts its first half year of under-performance since a record £822m launch three years ago.
One area where my portfolio is a bit light is in Europe, which has been a mistake as the standout winner has been Montanaro European Smaller Companies.