Join us on Thursday 23 January
Latest accounts show profits fell to £16.2m to 31 March 2019
Mixed industry reaction to new appointment
Back in 2000, the privatised utilities were a somnolent bunch, unattractive in contrast to the fireworks of the TMT bubble.
The sustainability of UK equity income streams has been called into question, with underlying dividends across the market falling by almost 3% on a constant currency basis during Q3 – the worst quarterly performance for three years.
Effective date 21 January 2020
UK equities exposure rose by between 3%-5%
Higher levels of 'maturity and understanding' required
Concerns raised following Equity Income fund closure
Investor urges fund group to be more cautious on promoting funds
Among the most shorted stocks in the FTSE 100
Final fund of beleaguered manager
Defunct fund's maintenance fees totalled over £184,000 a day
There has always been a demand for income, but in the past decade, the hunt for yield has become more challenging due to the ultra-low interest rate environment.
It is widely discussed that the UK equity market is cheap and recent foreign takeovers suggest there is value at home.
'Exact timescale' of complaints not yet provided
New plans announced ahead of name change
Brexit discount means strong stocks are cheap
Market data is pointing towards a general increase in expectations of a recession in the next 12 to 18 months.
Recent history has been challenging for income-seeking investors.
'Higher turnover than usual' in latest rankings
Best month for net sales in Q2