Vodafone cash to reinvest or not
Fund managers are eyeing Vodafone shares again after its history-making cash pay-out to shareholders.
Fund managers are eyeing Vodafone shares again after its history-making cash pay-out to shareholders.
Christopher Mills, co-founder of JO Hambro Capital Management, has added to his holding of Walker Crips.
Walker Crips Structured Investments is to be the plan manager for a range of four new structured products designed by Société Générale and available exclusively to UK intermediaries.
Walker Crips’ revenue increased by more than a third in Q2 due in large part to a 58% increase in stockbroking commission.
Walker Crips is to launch the UK’s first regulated bridging finance investment fund, which will be headed up by new recruit James Allen who was specially chosen for the role.
Following a misinterpretation of how the FSCS levy is caculated, Walker Crips has paid an extra £440,000 for its financial years ending in 2011 and 2012 on behalf of its stockbroking arm.
Walker Crips has reduced its exposure to Liontrust, converting and selling a proportion of the stock it obtained as part of the sale of its asset management arm last year.
The sale of its fund management subsidiary has helped Walker Crips Group realise record pre-tax profit of £7.7m following a one-off gain in excess of £10m, the firm said today.
Walker Crips Group is looking to raise £345,000 with the disposal of its subsidiary Keith, Bayley, Rogers & Co (KBR) to plough back into its wealth and investment management businesses, it announced today.
While all the caveats of past performance and unknown futures still apply, Ian Lowes gives specific examples of structured products that would help investors looking for a degree of certainty.
Walker Crips Group has sold out of Liontrust, cashing in further on the disposal of its asset management business earlier this year, while Liontrust director Jonathan Hughes-Morgan has boosted his share in the company by 25%.
Selling corporate bonds to retail investors is a growing trend yet is one that is fraught with risks, at the top of which is the risk of getting a lower coupon while the intermediary still picks up a commission.