Neptune’s Geffen: Zombie companies among equity income favourites
Neptune founder Robin Geffen has warned the UK equity income sector’s favourite stocks include several “zombie” companies or firms that are hanging on for dear life that could be in serious financial trouble in a rising interest rate environment.
UPDATE: Nucleus confirms plans to pursue Aim-listing
Platform provider Nucleus confirmed on Monday it is pursuing a listing on the alternative investment market (Aim) with trading to commence in late July.
Polar Capital announces Paris office as ‘Brexit shadow’ looms
Polar Capital has confirmed a raft of changes to the business, including the opening of a Paris location, as it looks to expand its European presence in light of Brexit uncertainties.
Neuberger EMD fund reduces currency and duration risk
The Neuberger Berman Emerging Market Debt Local Currency Fund has reduced currency and duration risk in the portfolio following underperformance against the benchmark over the last quarter.
Omnis dumps Schroders for Colin Morton on largest mandate
Omnis Investments has booted Schroders from its largest subadvised fund with Franklin Templeton set to takeover the UK equities mandate next week.
Schroders and Miton back Sorrell’s return from misconduct ordeal
Schroders and Miton are believed to be among the shareholders backing Martin Sorrell’s comeback to the London stock market weeks after his resignation from WPP amid personal misconduct allegations.