The Sunday Times reports that the beleaguered stockpicker Neil Woodford is likely to take a further hit as BenevolentAI, one of his biggest holdings, is getting ready to slash its valuation.
The paper also reveals that the last two compliance chiefs at Woodford’s investment firm had never previously held a post requiring the FCA’s approval.
An overview of tech valuations reports that unicorns are beginning to stumble into the real world and that the whole Woodford fiasco has highlighted serious risks.
In other news, the paper reveals its Top Track 100 of Britain’s biggest private companies – headed by Ineos (chemicals), Greenergy (fuel supply), EG Group (forecourt operator), Swire (conglomerate) and John Lewis Partnership (retail).
They also report the proposals set out by the OFT to simplify IHT, and how buy-to-let mortgages are tumbling as lenders bid to keep landlords in the market.
The Mail on Sunday says it’s not just Woodford – six of the seven big-name fund managers to leave larger fund houses in the past few years to strike out on their own have been hit by a fall in performance.
They also report that the FCA has set up a ‘War Room’ to tackle dodgy online investment schemes that cost savers hundreds of millions.
The paper also lists the 20 most consistent investment trusts of the last decade, with Finsbury Growth & Income heading the high performers who have delivered steady returns. It also explores why fees are stopping investors unhappy with DIY investing platforms from moving their money.
The Sunday Telegraph opens the diary of a private investor and reveals the four stocks they won’t sell irrespective of Brexit or a Labour government.
They, too, have their Neil Woodford story, revealing how trapped investors suffer a dividend cut.
Is today the worst time to be retired? The paper suggests that earning an income from savings is now as hard as it has been over the last 20 years as yields hit historic lows across almost every type of investment.
There is also a report of gold hitting a seven-year high – and how Jacob Rees-Mogg saw it coming.