Weekly flows into global mutual funds indicate that investors are maintaining a bullish bias for bonds and gold, while still scouring stocks—seen by some as pricey—for bargain opportunities, according to Bank of America Merrill Lynch research. Over the past week, investors poured $6.6 billion into bonds funds and $3.7 billion into stocks. Gold funds attracted
Aside from the occasional wobble, investors continue to take the threat of military conflict, including potentially the nuclear kind, and other threats in stride. While the market’s ability to hold its own is perplexing to some observers, others argue that it makes sense given what remains a backdrop of bullish fundamentals. At the same time,
McCarthy & Stone, the retirement home builder, has enjoyed record annual sales, following a 25 per cent slump in profits during a half-year of Brexit-related uncertainties. The group announced sales had increased by 4 per cent, to approximately £660million for the year to August 31. The results released prior to its full-year results in November
Shares in troubled model train maker Hornby veered off the tracks today after it said trading in the current financial year was below expectations. The Margate-based toy maker, famous for its train sets, said increased competition, softer demand and reduced promotional activity contributed to a weaker performance. The Hornby share price was down 11.8 per cent,
There were more good numbers from UK housebuilders today as Barratt Developments and Berkeley Homes posted rising profits despite signs of a slowdown in the housing market. Barratt, the UK’s largest housebuilder, said pre-tax profits rose 12 per cent to £765.1million in the year to June 30, while revenue rose 9.8 per cent to £4.65billion.