Saturday, March 30, 2024

Mischievous Investors At Disney And Scottish Mortgage Can Give Shares A Boost | This Is ...

* Peltz is a billionaire investor who has been making a push to join the board of Unilever, a multinational consumer goods company.

* Peltz has been involved in a contentious campaign to gain representation on the Unilever board, which has included public criticism of the company's leadership and strategy.

* Peltz has conceded that he may be perceived as a "bully billionaire," but he prefers to see himself as a "constructivist" who is looking to help the company improve its performance.

* Peltz is also seeking board representation at other companies, including the Walt Disney empire. A showdown over his campaign is scheduled for April 3.
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In The News:
Scottish Mortgage is due a shake-up but this is why I invest: ANNE ASHWORTH | This is Money

The solid-sounding name of Scottish Mortgage belies the racy nature of this FTSE 100 member investment trust.

Scottish Mortgage's largest quoted company holdings include the tech titan Nvidia, maker of AI microchips and ASML, the Dutch group, the number one in the manufacturing of the machines that make microchips.

Scottish Mortgage has been a long-term holder of Tesla and seen the shares rocket but other disruptive bets have not paid off recently

More controversial is the trust's unquoted 'private equity' element which constitutes about 27 per cent of the portfolio. Some of the investments are obscure. Others are world-famous such as ByteDance, the Chinese owner of TikTok and Elon Musk's SpaceX.

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Scrap stamp duty on shares, says investing giant Interactive Investor | This is Money

One of the nation's biggest investment platforms has called for a cross-party commitment to scrap stamp duty on share trading to boost the City and wider economy.

Richard Wilson, the chief executive of Interactive Investor, urged the main parties to pledge to ditch the 'absurd' levy in their manifestos for the next General Election.

Warning that the tax is deterring investment, and in turn harming the economy, Wilson said: 'It's potty. It's a journey to oblivion. It's absurd.' He said Chancellor Jeremy Hunt and City minister Bim Afolami are 'sympathetic' to pleas to scrap the tax, which is set to raise £3.2billion this year and £23.7bn between now and 2028-29.

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