The Edge

Richard Northedge takes on corporate finance

Archive for the ‘Investment’ category

Dealing with over-activist shareholders

If you don’t like the way a company is run you can sell the shares. Or you can use every trick in the book to undermine the chairman. For some investors, the latter route seems more popular.

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The Keynesian experiment has worked

Capitalists might not like to hear this. But it looks like the biggest ever experiment in Keynesian economics might just have worked.
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Aviva fools everyone - but it is the most foolish

Who says you can’t fool all the people all the time? Aviva (LON:AV) has managed to fool everybody over its dividend – including, unfortunately, itself.

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Disney on the football pitch

Setanta retires injured: can Disney score where it failed?
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Taxing telephones is unfair and inefficient

Told to look at one poll tax, Lord Carter has devised another one in his Digital Britain white paper. The tax on everyone who has a television will continue but there will now be a tax on everyone with a landline telephone too. And that means just about everybody.
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Companies squeezed out of bond market by government

Hurry hurry while stocks last? Companies that want to issue bonds because they cannot borrow may find the government has got there first.
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Boots’ bargain 3-for-2 bond offer

Boots invented the three-for-the-price-of-two offer. Now in a clever deal that many finance directors will hope to copy, the chemists’ new owners have paid off a chunk of its debt on just that basis.
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Milestones on the road to recovery

Good news: things are getting worse more slowly. That’s not the same as getting better however, nevermind getting back to where they were or where they should be.
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Can a government become a fund manager?

Most people would probably prefer Bernie Madoff to look after their investment than expect HM Government to pick shares. Yet a million employees will soon be asking the state to manage their investments.
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Football rights ready to claim a new victim

An economy based on football and television doesn’t sound the most sophisticated, but that combination has been powerful for two decades and will soon decide the future of Setanta, the Irish broadcaster.
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