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FRC Fines Grant Thornton £650k, Ted Baker and Tullow

Post Date: December 12, 2019

A ShareSoc member emailed us to give his view: This is terrible. Why wouldn’t the FRC name the partner and the company involved, especially when Grant Thornton has been...

Profit Warnings at XP Power and Ted Baker, plus Mercia Placing

Post Date: December 10, 2019

A number of profit warnings this morning. The most interesting to me was at XP Power (XPP) although I do not hold it. It was interesting because as a...

M&G Property Fund Closed and M&C Saatchi Accounting Problems

Post Date: December 9, 2019

The really bad news yesterday for many investors was that the £2.5 billion M&G Property Portfolio Fund had been closed to redemptions. This is of course an open-ended fund...

Mindless Investment Wins Out?

Post Date: December 9, 2019

Last week on-line investment news site Citywire published a report headlined “Tracker fund sales smash records as UK investors pile into passives”. I was the first to add a...

Ted Baker Audit Failure, SRT Marine Big Deals

Post Date: December 3, 2019

The bad news this morning for holders of retailer Ted Baker (TED) is that the company has announced an independent review of its inventory. It says it has identified...