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Chief executive of 3i, Simon Borrows, purchased the same amount at the slightly lower price of 406.83p for a total spend of £203,414.12 days ago
3i seems to have a knack for investing. This is good, given that it is a private equity company. Indeed, the shares performed well throughout the bout of volatility which ensued this past Autumn and are trading well above their net asset value of 358p. The company has reigned in costs to well below the income it earns on management fees and is cutting the number of companies that it is invested in, allowing for greater focus on those that remain. In the first half of this year to the end of September the firm decreased the number of its investments from 81 to 72 and another seven or eight might yet be discarded before year-end. Worth noting, 3i´s chief, Simon Borrows, is not particulalry bullish on European equities. In any case, purchases for its portfolio of high-growth businesses was well-timed. Offering a 3.7% dividend yield and a degree of capital growth, the stock looks like a good investment, "but I would not be rushing to buy at this level, so hold for now," writes The Times´s Tempus.12 days ago
UK stocks rebounded on Thursday, heading for their highest close in over six weeks, as markets shrugged off disappointing economic data in China and were buoyed by speculation that policymakers will take action to avert a global slowdown.13 days ago
Shares in investment firm 3i Group gained on Thursday after the company said it delivered a "robust performance" in the first half, supported by a good flow of realisations and a strong balance sheet.13 days ago
UK equities advanced on Thursday morning as stimulus hopes in China and easing concerns about the Japanese economy gave London's stock market a boost.13 days ago
These are the 10 top share tips and recommended trades for 2015 from our network of experts: professional traders, analysts and stock tipsters. Stock tips include some supermarkets, a US car maker, an AIM penny share and a FTSE 100 insurer, while there are three top forex trades and a pair of indices.
Good luck if you add them to your portfolio, but remember picking one share to buy for 2015 is a notoriously difficult thing to do and investments can go down as well as up!
The following article will instruct you how to buy gold options to trade a trend.
You should be familiar with the method of selling or buying in the underlying spot or commodities markets to trade a downtrend or uptrend, respectively. You may add a stop-loss order to control your maximum loss. If the market reaches the stop-loss, your position is closed at a loss.
The week ahead in the currency markets, as we sit just over a week away from the next ECB meeting with the German economy looking to be bouncing back, while across the pond will we see increased demand for the dollar against the pound with a small stream of US data due this week, including GDP and consumer confidence on Tuesday, durable goods on Wednesday and initial jobless claims on Thursday.
Also, a look at two of the major commodities, gold and oil, as investors react to central banks getting back on the stimulus bandwagon and Thursday’s OPEC meeting to determining which direction the oil price will move next.
This month I recommend both buying Fiat Chrysler (NYSE: FCAU) and going short EURUSD, as I remain bearish on the euro and bullish on the dollar and think parity is looming.
Most readers will be familiar with Fiat cars, however many investors are still not aware that Fiat now also own Chrysler (bought out of bankruptcy in 2009), Alfa Romeo, Dodge, Jeep, Lancia, Ram Trucks, Abarth, Maserati and Ferrari.
With its mathematical formula to explain why ‘hipsters’ try to look different but end up looking the same, a radical new scientific paper could provide interesting lessons for contrarian investors. I think it's possible to take something from this unusual juxtaposition, even if it's just the mental image of Warren Buffet with a hipster beard and tattoos.
Mathematical neuroscientist Jonathan Touboul from the Collège de France in Paris has written a paper titled: “The Hipster Effect: When anti-conformists all look the same”.
Daily global markets overview for the 26th November 2014 by Accendo Markets. Also the overnight activity and what can be expected in the markets today. Information straight from the traders’ desks. Insights on commodities, equities, stocks and forex currencies.