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A plunge in housebuilders has left them trading at global financial crisis levels but Merchants Trust fund managers say the cost-of-living crisis isn’t comparable with the banking meltdown in 2008 and the falls have gone too far.
UK markets continue to be buoyed by government’s decision to reverse tax cuts set out in the mini-Budget, while Bank of England holds fire on bond sales.
Today I am looking and asking, have markets tumbled enough to look tempting? If you buy on bad news, then the bleakness of the headlines would suggest it is time to go on a spree.
Update: The £250m renewables fund managed by New Energy Solar in Australia surprises investors by putting itself up for sale in what could be a prelude for more consolidation in the sector.
The board and fund managers of Mercantile are among investors hoping the demise of ‘Trussonomics’ represents a turning point for their beleaguered 'mid-cap' part of the stock market.
UK markets climbed as new chancellor Jeremy Hunt confirmed a swathe of tax cut reversals in a bid to bring market mayhem to an end.
FTSE 100, sterling and gilts climb as new chancellor Jeremy Hunt confirms a swathe of tax cut reversals and vows to bring 'stability' to UK markets.
The U-turns, mistakes and general ineptitude of Trussonomics may have killed any hope of a shallow UK recession but have left many investment trusts on cheap valuations.
Markets rise ahead of new chancellor Jeremy Hunt's fiscal statement in which he is expected to reverse tax cuts and slash spending.
US Solar Fund, the £250m renewables fund managed by New Energy Solar in Australia, surprises investors by putting itself up for sale.
FTSE 100 sheds most of its gains after UK prime minister Liz Truss dismisses her chancellor and performs another U-turn, reinstating a rise in corporation tax cut she and Kwasi Kwarteng originally sought to reverse.
Music royalties fund starts seven-week share buyback programme to reduce its yawning 50% discount, which leaves it vulnerable to a bid from corporate partner Blackstone.
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