‘Mortified’ Train sticks by Pearson as FGT struggles
Nick Train is refusing to remove troubled publisher Pearson from Finsbury Growth & Income Trust as his fund failed to beat the FTSE All-Share over the half year.
Nick Train is refusing to remove troubled publisher Pearson from Finsbury Growth & Income Trust as his fund failed to beat the FTSE All-Share over the half year.
Unilever turned out decent sales growth in the first quarter, while fellow takeover target Sky delivered lower profits.
Investors shouldn’t limit themselves to the UK or Europe but should avoid the lure of the value trade, said Sanlam Private Investments Pieter Fourie.
As Unilever chief executive Paul Polman pushed the potentially record-breaking $143bn approach by Kraft Heinz off the table on Friday (17 February), a knee-jerk media frenzy suggested that the vulture might continue to circle.
Shares in Unilever reached an all-time high Friday afternoon of 3,838.5p after it declined a $143bn (£112bn) takeover bid from the Kraft Heinz Company.
Unilever shares slid this morning as it announced third quarter results and news of a fall-out with one of its biggest customers spread.
Unilever announced a 4.7% lift in underlying sales in the first half of the year, the consumer goods giant said on Thursday.
Franklin UK Managers’ Focus Fund used August volatility to buy into Unilever, amid a number of high-quality opportunities in the large-cap space.