Tesco today released an unplanned update to the market, sending shares tumbling in early trading after it slashed its dividend by 75% and warned on profits.
Mike Felton, manager of the £724m M&G UK Growth fund, is finding some of the best value investment opportunities in the resources sector, saying most of the UK market looks overvalued.
Taxpayers lost out on roughly £1bn in the Royal Mail initial public offering due to poorly-priced shares, MPs have said.
Sinking supermarkets: Should investors steer clear?
‘I am more cautious on UK growth than the crowded consensus’
AXA Framlington UK equity manager Nigel Thomas has bought into the recent Poundland IPO in his UK Select Opportunities fund, expecting the store to benefit from the rise of the 'promiscuous shopper'.