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Lighthouse rejects £17m AFH takeover bid

Lighthouse Group has rejected a £17.4m acquisition by advice consolidator AFH. A stock market announcement published today reveals AFH approached Lighthouse earlier this month with a takeover deal valuing Lighthouse shares at 13p. However yesterday the Lighthouse Board confirmed it has rejected the initial offer. AFH says it is considering whether it will make changes […]

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Martin Lewis: ‘Abominable’ MAS deserved stay of execution

Chancellor George Osborne was wrong to axe the Money Advice Service despite it being guilty of an “abominable” waste of advisers’ money, according to Moneysavingexpert founder Martin Lewis. Lewis, who has been scathing of the MAS in the past and once described the service as “crap” to the Treasury select committee, says recent reforms had […]

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Investors pull £400m from funds in volatile February

Fund managers continued to feel the pain in February as cautious investors withdrew cash from retail funds. Net retail outflows hit £399m in February, the latest Investment Association data shows. In January UK funds suffered net outflows of £437m – the largest figure since the 2008 financial crisis. Targeted absolute return was the top-selling IA […]

UK Small Cap

Henry Lowson looks back over the past decade investing in UK smaller companies, exploring the misconception that the sector offers exposure to the UK domestic market only. He also offers his outlook for the sector and points to how an approach that seeks to exploit inefficiencies could be beneficial. Read more here Past performance is […]

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