Is the arrival of a new CEO a buy or a sell signal?

R&M's Will Lough gives his view

So far this year there have been a number of high-profile chief executive changes at some of the UK's most well-known companies, and throughout the remainder of 2018 there may well be more to come, writes Will Lough, portfolio manager at River and Mercantile.

The question for investors is how to determine whether a change at the top - which can be such a powerful driver of returns - is a buy or a sell signal, and whether there are any hallmarks to help identify successful management-led turnarounds. Managers To Watch: R&M's Lough on using common sense to get ahead in the industry In a number of ways, a new CEO represents a forced catalyst for change - where the more a business is struggling, the more scope there naturally is for radical moves. It also represents an opportunity to make a clean break with its past for the company, plus th...