Weekly outlook: May delays Brexit vote (again); long overdue US GDP; telltale housing data
The key events for UK wealth managers for the week starting 25 February
BAT
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Will BAT go up in smoke after SFO probe?
Investors say the Serious Fraud Office’s (SFO) formal investigation into suspected corruption at British American Tobacco (BAT) is a grim reminder of the “lengths dying industries are willing to go” to stay profitable.
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Liontrust: Darker times ahead for UK equity income darlings
Predicting a backdrop of rising interest rates, inflation and bond yields, the managers of Liontrust Macro Equity Income are forgoing bond proxies and mega oil companies.
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The M&A that mattered in 2016
Heightened political uncertainty and volatility made for a compelling M&A story in 2016. With the possibility that sterling has still further to fall, consolidation stands to become an even more prominent theme in the new year. Before that happens, Portfolio Adviser takes a look back at the top five transactions of 2016 that had investors…
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BAT to buy rest of Reynolds American
British American Tobacco (BAT) has made an unsolicited $47bn (£38.5bn) offer for full control of Reynolds American in a deal that would create the world’s largest tobacco company by sales.
