The mining sector is often associated with ill-disciplined capital management. Through the last supercycle, driven by Chinese industrialisation, bullish management teams typically signed off overzealous projects and ill-advised M&A activity as they sought to grow volumes, often to the detriment of returns on capital and shareholders' returns.
After an excruciating downturn, lasting until early 2016, and mounting shareholder pressure, it seems many UK miners have turned over a new leaf. New management teams appear to have taken heed of past...
In an environment where no region presents an obvious opportunity from a valuation perspective in 2019, Japan offers investors the best chance to at least get access to a major market at something of a discount.
The long-term attraction of the UK smaller companies market is beyond doubt.
Given the constant focus on what might cause equities to fall and whether now is the right time to invest, it is helpful to remember equities as an asset class have historically been more likely to deliver positive returns in any given 12-month period...
We are seeing a new bout of deterioration in fundamentals, with earnings revisions worsening and PMIs back on a declining path across emerging markets (EM).
The UK remains a global leader in the provision of higher education, with some of the highest ranking universities in the world.