UK equity income funds suffer 18th month of outflows
Morningstar’s UK equity income sector was the biggest loser in terms of fund flows in October, haemorrhaging £405.9m.
Mark Barnett
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Barnett: Short-term pessimism clouding investors’ judgment
Stock markets have become overly sensitive to profit warnings from UK domestic companies and overseas earners, argues Invesco Perpetual’s Mark Barnett, but many of these firms are in much better shape than investors give them credit for.
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PA ANALYSIS: Funds playing a dangerous game of liquidity
On 22 August, doorstep lender Provident Financial hit investors with a devastating triple-whammy – a profit warning (its second in a matter of months), an FCA investigation into its credit card subsidiary Vanquis Bank and the resignation of disgraced CEO Peter Crook.
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Provident Financial shares rally as it posts loss and axes dividend
Provident Financial’s shares rebounded sharply as it updated the market on its recovery plan, offsetting a £120m loss and news it will not be paying a full-year dividend.
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Provident Financial shares recover 20% after management shakeup
Provident Financial’s share price bounced back on Friday morning, after the group confirmed a management reshuffle in its consumer credit division.
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UPDATE: Woodford responds after £1.5bn wiped from shares of Provident Financial
Neil Woodford stood by his significant holding in Provident Financial on Tuesday even after its shares collapsed, wiping more than £1.5bn off its market cap.
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Woodford and Barnett favourite Allied Minds’ losses widen
The Boston-based intellectual property (IP) firm Allied Minds, a favourite of Neil Woodford and Invesco Perpertual’s Mark Barnett, reported higher losses over the first six months of the year.
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Woodford gobbles up shares in consumer credit firm
Neil Woodford is now the third largest shareholder in home collected credit company Morses Club, at a time when the Financial Conduct Authority has sub-prime loan firms under a microscope.
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Invesco’s Barnett hands over another trust to Goldstone
Invesco Perpetual’s Mark Barnett has passed on management of a second investment trust to colleague James Goldstone amid “growing responsibilities”.
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Invesco’s Barnett puts domestic-facing slant on portfolio
Invesco Perpetual’s head of UK equities Mark Barnett has out more of domestic-facing slant on his portfolio in light of the robust growth generated despite the uncertainty created by Brexit.
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PA ANALYSIS: The stockpickers strike back
It’s at this time of the year we look back for defining features of the past 12 months, and for many there’s one clear trend that deserves some recognition.
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Barnett gets ratings boost after Woodford AUM climb
Invesco Perpetual’s Mark Barnett has received a welcome ratings boost from Morningstar, with his three UK equity income funds all given a Bronze rating.
