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Railtrack: shares suspended

Institutional and private shareholders, including fund managers, are looking to sue the Government over its decision not to provide funding to rescue Railtrack after the company&#39s shares were suspended before the market opened on Monday.

A number of UK retail equity funds, including Investec and Deutsche funds, hold significant shares in the collapsed rail infrastructure company. Legal action is being considered by a number of shareholders in an attempt to claw back their investments.

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&#39Govt won&#39t rescue Equitable investors&#39

There will be no Government lifeboat to rescue Equitable Life policyholders who have seen the value of their pension pots plummet, says Treasury economic secretary Ruth Kelly.She concedes that Equitable policyholders have had a terrible time since the troubled life office closed its doors to new business last year but says the Government will not […]

Research identifies top firms

Inter-Alliance, Marsh and Brooks Macdonald Gayer have been pinpointed as three of the UK&#39s most successful IFAs in a survey by research consultancy Plimsoll aimed at identifying the 50 best firms.Its Best Trading Partner survey of IFAs looks at a combination of strong balance sheets, profitability, cash control and market share based on information from […]

Comparative table bias against managed funds

The FSA&#39s comparative tables enable consumers to filter out funds with higher charges, by showing only the cheapest 25 per cent or 50 per cent of funds. The move has surprised the industry as it is likely to direct investors away from managed funds. The site presently only offers access to UK growth funds.

Closing in on tech

Close VCT Management, the venture capital trust arm of Close Brothers is offering a new share issue in its Close technology & general venture capital trust (VCT). This VCT invests in technology and unquoted companies in other sectors and is divided between an income portfolio and a growth portfolio. The growth portfolio focuses on European […]

Rayner Spencer Mills: Why we rate the Artemis US Select Fund

Ken Rayner and Graham O¹Neill from RSM explain why they rate the fund, its investment process and how it can be used in a portfolio The Artemis US Select Fund became a RSM ‘rated’ fund earlier this year. In this video, Ken Rayner and Graham O’Neill explain the fund’s investment approach, why they rate it, […]

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