Weekly outlook: Glaxosmithkline and Unilever report as activist investors circle
Key events for UK wealth managers for the week starting 7 February
Fundsmith
-
-
Fundsmith profits jump to almost £60m
Terry Smith enjoys £35m payout from partnership plus undisclosed sum from his Mauritius business
-
Fundsmith EM trust sells stocks as it turns sour on Brazil and Turkey
Jair Bolsonaro and Recep Tayyip Erdogan are both taking a hit at the polls as inflation runs rampant
-
Fundsmith changes its tune with new position in Amazon
Terry Smith has previously been critical of the tech giant’s ecommerce business
-
DFM demand for passives delivers chart-topping Q3 sales for Blackrock
Passives giant surpasses Liontrust and Baillie Gifford in the latest Pridham report
-
Fundsmith Smid trust gets first taste of underperformance
Smithson manager Simon Barnard says higher inflation unlikely to pose significant problems for portfolio companies
-
Terry Smith dumps Sage after flagging underperformance in December
FTSE 100 software business’s share price has remained ‘in the doldrums’
-
Fundsmith justifies static fees in second assessment of value report
Economies of scale have diminished since 2017, with the OCF remaining static since then
-
Terry Smith enjoys £30m payday after Fundsmith sees profits nearly double
Fundsmith CEO pocketed £16m in 2019
-
Terry Smith floats Fundsmith head of research as potential successor
Fundsmith CEO has outlined plans to redistribute his majority stake to staff when he eventually departs
-
Terry Smith finishes off 2020 by tapping into LVMH
European luxury goods got bruised during the coronavirus sell-off
-
Fundsmith Emerging Equities Trust surprises with first share buyback
£340m investment trust’s buyback comes months after chairman criticised the practice
