Nick Train backs Diageo despite ‘galling’ profit warning as shares slide 11%
The manager has been adding to Diageo, despite the company encountering problems with its operations in Latin America
The manager has been adding to Diageo, despite the company encountering problems with its operations in Latin America
Results come as share prices of consumer franchises fall
The manager of the Finsbury Growth & Income Trust discusses performance struggles for Mondelez and Unilever holdings
Finsbury Growth & Income manager said the holding’s ‘blue-sky’ goals are achievable despite recent share price slump
Outperformed in FY23 after trailing the MSCI World for two consecutive years
Investec’s Skin in the Game report found progress in gender diversity on trust boards and increased personal stakes by trust management
As Nick Train’s trust hugged its FTSE All-Share benchmark during H1
Nick Train says recent share purchases in Heineken and Diageo are a good sign
Especially as he has been ‘evangelising’ the drinks giants ‘to anyone who will listen’
A tough year ended on a high note, with the trust trading at a modest premium
But the Finsbury Growth and Income manager says there remains a case for looking at UK companies ‘constructively’
Finsbury Growth & Income manager namechecked Hargreaves Lansdown and Schroders as main offenders