Nick Train downplays Pearson rebound
Defensive stocks are Finsbury Growth and Income Trust’s best performers in November
Defensive stocks are Finsbury Growth and Income Trust’s best performers in November
UK brand has an ownership structure impossible for the Lindsell Train manager to buy into
Asset manager’s valuation rallies bucking stock price falls among rivals
FTSE yield is high and capital gains meagre, says UK equity manager
Star manager defends use of ‘beloved brands’ in his portfolios
Star equities manager caught off guard by Stephen Kelly’s exit
UK exit must be approved by 75% of local shareholders
Equity manager’s football holdings add up to 40% over the last month
While London Stock Exchange and Hargreaves Lansdown deliver dividend growth
JP Morgan Cazenove has downgraded Hargreaves Lansdown arguing its high price tag fails to reflect regulatory uncertainties, while Numis Securities has argued the retail platformer is a “structural growth story” with room for further earnings growth.
Nick Train has played down stretched price-to-earnings ratios on companies like Hargreaves Lansdown as he warns digital disruption could mean value investing is consigned to the last century.
Hargreaves Lansdown is one of four stocks that delivered double-digit returns in three portfolios managed by Nick Train, while co-founder Stephen Lansdown has also benefited from its soaring share price.