Nick Train puts on bullish front following ‘dispiriting year’
Star equities manager is hopeful of more M&A wins in 2019
Star equities manager is hopeful of more M&A wins in 2019
UK brand has an ownership structure impossible for the Lindsell Train manager to buy into
Daily Mail & General Trust (DMGT) and Burberry weighed heavy on Nick Train’s Finsbury Growth and Income Trust last November, lowering its net asset value (NAV) by 1%.
At their lowest point during trading Tuesday morning, Burberry shares were down 8.9% at 1376p even though its interim revenues benefited from the post-Brexit drop in the pound.
Burberry Group shares spiked by over 7% on Wednesday after a better than expected sales update was released to the market.
Burberry Group shares slid over 5% this morning after the clothing and handbag maker reported a big drop in profits.