BETWEEN A ROCK AND A HARD PLACE…

After moving into bear market territory in September, the most recent decline in the MSCI Emerging Markets Index has taken its constituents to a 10-year low relative to the S&P 500 on a price to projected earnings (P/E) basis. As Hinesh Patel, assistant portfolio...

PASSIVE INVESTORS BEWARE…

This week, markets sold-off when a combination of bullish rhetoric from US Federal Reserve Chairman, Jerome Powell, and corresponding gains in US Treasury yields (which hit seven-year highs) caused investors to question current stock market valuations-especially those...

PAYING THE PIPER

Fresh from its dramatic victory in its bidding war with Fox to acquire Sky (for £30bn), the US cable giant Comcast has completed the fourth biggest corporate deal issue in US history to fund the deal. Philadelphia-based Comcast issued a $27bn raft of bonds across the...

ROYAL MAIL SHARES SLUMP ON PROFIT WARNING

The UK postal service issued a surprise profit warning on 1 October, causing its share price to fall almost 25% in three days. Royal Mail announced productivity was significantly below plan and as a result its cost savings target had lowered from £230m to £100m...

TESCO TAKES ON DISCOUNTER RIVALS

Supermarket giant Tesco has launched its own discount grocery store in an effort to take on its rivals Aldi and Lidl. The new brand, named Jack’s after Tesco founder Jack Cohen, will operate a low-cost business model with a simplified range of products at low prices,...