Comments on the proposed takeover of insurance provider, Direct Line
Following on from our statement on 20th February 2024 regarding the possible takeover of Currys, we note that another of our portfolio holdings, Direct Line has this week received a takeover offer. The company is held across the strategies managed by the Redwheel Value and Income team, including the Temple Bar Investment Trust. The Board of […]
Comment on the proposed takeover of retailer Currys
We note the statement from the Board of Currys (“the Company”) that it has received an unsolicited, preliminary and conditional proposal from Elliott Advisors (UK) Limited regarding a possible cash offer for the entire issued share capital of the Company at 62 pence per share. We also note that the Board has unanimously rejected the […]
UK Value & Income 2022 Outlook
The UK Value and Income team provide their Outlook for 2022 looking at the themes discussed over the previous 18 months.
A vegan Christmas?
Will you be swapping the turkey?
Canary in the coal mine
Déjà vu?
In for free – revisited
Read the latest update from the UK Value & Income team.
Hope for the best, plan for the worst – what happens if inflation is not ‘transitory’?
Read the latest update from the UK Value & Income team
The irony of transition metals
This is the race to net zero in materials.
The return of dividends
The advent of Covid last year and the associated lockdowns imparted a significant deflationary shock to the global economy. Profits in many sectors came under significant pressure but particularly so in the more economically sensitive areas of the market. Although the outlook seems somewhat brighter today, at that time, there was no way of knowing […]
Testing boundaries
The challenges we face as portfolio managers seeking a positive impact