Morality vs money – the USA’s ESG dilemma

By Henry Adefope, Associate Partner Earlier in June, the US Department of Labor (DoL) set out plans for a rule that would require private pension administrators to prove that they were not sacrificing financial returns by putting money into ESG-focused investments. Under the proposals, defined contribution pension plans would also be restricted from offering ESG funds as…

Influvestors and their impact

By Jamie Williams, Senior Executive Oatly, the Swedish alternative dairy brand, closed a fundraise last week raising an impressive $200 million. The funding round, which was led by one of the world’s largest PE firms Blackstone, included some familiar names: Oprah Winfrey, Natalie Portman and the entertainment company founded by Jay-Z, Roc Nation.  A deal linked…

Socially distancing from the short seller and the activist feast

By Henry Adefope & Anthony Hughes, Associate Partners Investment veteran Keith Skeoch is the latest high-profile investor to remark that the current market is best suited to stock pickers: winners and losers of the Covid-19 crisis are becoming clearer – and that means some shares would soar while others would tank. In the markets, perception…

The winners and losers of virtual AGMs

By Ian Silvera, Account Director More than 2.5 million people sat in front of their desktops, peered into their smartphones and stared at their tablets as a white haired bespectacled 89-year-old gave them advice about stocks and shares. Amid the lockdown, Berkshire Hathaway CEO Warren Buffett, the king of the value investors, was more prime-time…

Will your business be judged a Going Concern?

By Adam Lloyd, Partner Management teams currently engaged in the end of year audit process should be in no doubt that investors are expecting bad news. To avoid further damage to already battered share prices, companies need to get ahead of this early. The current crisis presents a significant challenge for companies hoping to publish…

Business purpose in a post-Covid world

By Andrew Adie, Managing Partner In the world before Covid-19 (remember that?) we all spent large amounts of time asking corporates what their social purpose was. Where did they stand on ESG? What did it mean to work for their business? Today – as attention begins to turn to a post-pandemic recovery – corporate purpose is…

FCA cuts pre-emption rights to speed up rescue funding

By Adam Lloyd, Partner If you hold shares in a company listed on any of the world’s stock markets you will be in no doubt about the devastating impact of Covid-19, not just on the health of the nation but also on the health of the economy. The thousands of companies who list their shares…

Vanguard appoints Newgate

Vanguard, one of the world’s largest and most respected investment firms, has appointed Newgate Communications as its UK corporate communications adviser. The appointment comes as Vanguard seeks to build greater awareness about its mission to lower the cost and complexity of investing in the UK. A pioneer of high-value, low-cost investing, Vanguard entered the UK…

The man we all love to hate

Written by Shelly Durrant Neil Woodford, Britain’s most high profile fund manager, was forced to suspend dealing in his flagship Equity Income Fund. The questions many people are asking is, is this the end of the road for him and is this the end of the star fund manager? Even if he manages to come…