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.
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Christopher Mills, co-founder of JO Hambro Capital Management, has added to his holding of Walker Crips.
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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.
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Walker Crips’ revenue increased by more than a third in Q2 due in large part to a 58% increase in stockbroking commission.
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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.
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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.
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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.
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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.
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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.
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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.
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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%.
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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.
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