Our insights

Prospects

Spring Issue Fourteen

In this issue

The recent histories of the FTSE 100 and the FTSE All Share eloquently describe the challenges facing investors. Investing in these indices just over 16 years ago on 1st January 2000 would have…

These changes mean that anyone receiving annual dividends in excess of £5,000 will be liable to this tax, which is payable via your annual tax return. The key points are as follows: The government…

Who was Shakespeare?

Index-linked gilts, or “Linkers”, are sold by the Debt Management Office (DMO) on behalf of the UK government and have both the coupon and the capital elements linked to inflation.  I’ll use the…

BORN Derby LIVES  Barbican, London EDUCATION Oundle School, Nottingham University STARTED JM FINN & CO 1992 CURRENT POSITION Investment Director INTERESTS Golf, Motorsports, Fine wine FIRST…

As so often with something that sounds simple, the proposed new rules are staggeringly complex with the proposals run to 31 pages.

Negative rates are effectively a tax on deposits, and as such are intrinsically contractionary and therefore a form of financial repression. The starting and simplistic view on negative interest rates…

So the 23rd of June is the date for the Brexit referendum. The Prime Minister, David Cameron, has concluded a deal with the EU that, although not a “game-changer” in terms of Treaty revisions, it is…

Peer to Peer (or P2P) lending is a fast–growing alternative finance practice of lending money to individuals and/or businesses via an online platform that matches lenders directly with borrowers.

This should not be a major surprise to us since the West used exactly these ‘hybrid’ methods from Cuba via Iran to the Philippines to subvert governments throughout the Cold War.

Some have compared this with the Thirty Years War that raged between Protestants and Catholics in Europe between 1618 and 1648 and which left Germany devastated.

I was asked recently whether we should just sell everything in light of the uncomfortable first quarter we’ve just experienced, but rather than shut the door after the horse has bolted, I’m always…

Equity prospects

01.

Diageo, at first glance, is an international drinks producer and distributor operating across developed and emerging markets. But, if you look deeper at the company you quickly discover that it…

02.

Hunting manufactures and distributes equipment that enables the world’s oil and gas companies to drill for and then extract their oil and gas hydrocarbons.

03.

Royal Dutch Shell (Shell) is one of the largest global oil majors with revenues split, in financial reporting terms, between its Upstream, Downstream and Integrated Gas divisions.

04.

Amec made the major acquisition of US peer, Foster Wheeler in 2014. This effectively doubled Amec’s global scale, mainly in downstream oil services and onshore US. The timing of this deal was…

05.

Shaftesbury represents a unique cluster of London based retail assets, backed by extremely high management ability within this sector and locality. As the company highlights, this collection of assets…