Phoenix Group, which manages closed-life insurance and pension funds, was reborn in recent years following a complex series of mergers and acquisitions. Today, the company is valued on the stock market at almost £3billion and it looks after the life and pension policies of more than 6 million people. The shares are 748½p and should gain ground as chief executive Clive Bannister delivers his ambitious growth plans.
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Investing Show: How to profit from property in the world's best cities
Warren Buffet calls it a moat - the advantage great brands have over their rivals - but can cities command this effect too? Hugo Machin, Schroders co-head of Global Real Estate, joins us on the latest Investing Show to explain why he thinks they do and how investors can profit from the companies that own a slice of them.
LIVE MARKET DATA & NEWS
House prices are set to stay flat - but our profits are SOARING: The online estate agent enjoying a very purple patch
Michael Bruce founded 24-hour online estate agent Purplebricks less than three years ago with his brother Kenny - and now the pair are multi-millionaires while their company is one of the fastest growing businesses in the country. Bruce reckons the housing market will be flat this year - stamp duty changes and fear of Brexit have already seen high street estate agents Foxtons and Countrywide issue profit warnings - but not for his business.
MARKETS COMMENT & ANALYSIS
JON REES: Why were the experts so wrong about the impact of Brexit on the economy?
George Osborne said a vote to leave the European Union would plunge us into recession; see an extra half a million people dumped on the dole; lead to wages falling and income tax increasing; and in time make each British family £4,300 worse off. So did Osborne politicise the Treasury, or were the Treasury economists just wrong like so many of their peers? ...read
House prices are set to stay flat - but our profits are SOARING: The online estate agent enjoying a very purple patch
Michael Bruce founded 24-hour online estate agent Purplebricks less than three years ago with his brother Kenny - and now the pair are multi-millionaires while their company is one of the fastest growing businesses in the country. Bruce reckons the housing market will be flat this year - stamp duty changes and fear of Brexit have already seen high street estate agents Foxtons and Countrywide issue profit warnings - but not for his business. ...read
MIDAS SHARE TIPS: Life group Phoenix rises with £74bn under its wings
Phoenix Group, which manages closed-life insurance and pension funds, was reborn in recent years following a complex series of mergers and acquisitions. Today, the company is valued on the stock market at almost £3billion and it looks after the life and pension policies of more than 6 million people. The shares are 748½p and should gain ground as chief executive Clive Bannister delivers his ambitious growth plans. ...read
ALEX BRUMMER: Tough calls on the media will likely rest with the Prime Minister
When Karen Bradley was popped into the role of Secretary for Media, Culture and Sport, she could never have imagined that in January 2017 she would face two sensitive and interrelated decisions. The printed media and some politicians are campaigning ferociously against the implementation of Section 40 of the Crime & Courts Act 2013, which requires newspapers to register with an approved regulator or face discriminatory penalties in the courts. ...read
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Latest reports from News
- Bias claim as new chairman of BBC is set to be named amid concerns candidate will lack business experience
- Fishy forecasts storm turns into a hurricane: MP demands inquiry into the Treasury’s 'seriously flawed' economic analysis ahead of EU vote
- Improve your health and get more sleep, Tesco tells dubious staff as it gives them free fruit and vegs
- Unchallenged impresario king of the West End Sir Cameron Mackintosh sees £45m turnover
- Export boom gives economy boost in wake of referendum as trade deficit is set to fall
- High street trounced by 40% online sales surge as Asos heads for £2bn annual haul
- It's Trump vs Toyota: President elect rants about Japanese car firm's new plant Mexico plant
- £15bn banking bonus bonanza: Experts predict the biggest round of payouts since the financial crisis
- Jamie Oliver closes six of his Jamie's Italian restaurants as tough times take hold
- EasyJet passenger numbers up 15% as more Brits travel home for Christmas and hit Europe's beaches
- Elite City dealmakers - including Sir Simon Robey - pocketed £37m from last year's biggest takeovers
- Sports Direct chairman Keith Hellawell survives a fresh investor revolt against his re-election
- Son of former MI6 chief Sir Richard Dearlove, is quizzed by the Serious Fraud Office
- Bosses of collapsed cruise firm All Leisure Group paid themselves more than £900k while generating only £500k in profits
THE INVESTING SHOW
- Investing Show: How to profit from property in the world's best cities
- Investing Show: Should investors worry about political upheaval?
- Investing Show: Will President Donald Trump prove to be good for investors?
- Investing Show: Should you invest in a VCT for 30% tax relief and exciting growth companies
- Investing Show: Is now a good time to buy emerging markets?
- Investing Show: Banks are suffering but they're good value in an expensive market, says Richard Buxton
- Investing Show: We've bought US tech stars like Tesla because of how great they could really become, says Scottish Mortgage's Tom Slater
- Investing Show: Banks are suffering but they're good value in an expensive market, says Richard Buxton
- Investing Show: Should investors worry about the US election, banks and a 'hard Brexit'?
- Investing Show: Can investors make money by keeping it simple?
- Investing Show: Rate cuts are pointless but infrastructure is the next opportunity for investors
- Investing Show: The value investor who likes unloved bank and supermarket shares
- Investing Show: Best places to invest around the world to beat Brexit
- Investing Show: Where should you invest and what should you avoid after Brexit?
MIDAS SHARE TIPS
- MIDAS SHARE TIPS: Life group Phoenix rises with £74bn under its wings
- MIDAS SHARE TIPS UPDATE: Bumper year projected for Cineworld as fans line up for a battalion of blockbusters
- MIDAS SHARE TIPS: The biggest winners and losers from 2016 - and the firms that were taken over
- MIDAS SHARE TIPS: There's sweet success and rich rewards on offer if you check in at Hotel Chocolat
- MIDAS SHARE TIPS UPDATE: Unanimous verdict for Gateley shares as they soar 20%
- MIDAS SHARE TIPS: RM Secured Direct Lending's £100m flotation will help boost yield for investors
- MIDAS TIPS: Housing association Places for People's seven-year bond pays investors 4.25% interest
- MIDAS SHARE TIPS: AIM-listed tech incubator Mercia has its eye on the long game
- MIDAS SHARE TIPS UPDATE: Time to bank profit after surprise Lavendon bid delivers 53% gain
- MIDAS SHARE TIPS: Logistics firm Wincanton is really going places
- MIDAS SHARE TIPS UPDATE: Keep holding on as Asos shares still look a smart investment
- MIDAS SHARE TIPS: Investors on solid ground after flotation of engineering services firm Van Elle
FUND AND TRUST IDEAS
- THE SCOTTISH INVESTMENT TRUST: The lone wolf fund on the hunt for 'ugly ducklings'
- JPM STERLING CORPORATE BOND: Why this fund is buying into high quality inflation-linked bonds
- POLAR CAPITAL TECHNOLOGY: The trust that's soared 40% in 6 months
- TEMPLETON EMERGING MARKETS INVESTMENT TRUST: Emerging markets face rough ride if Trump imposes tariffs
- SMITH & WILLIAMSON GLOBAL GOLD AND RESOURCES FUND: Mining investors strike lucky as gold regains some of its lustre
- SPW GLOBAL HIGH QUALITY FUND: Our winning strategy is to bet big, be dynamic... and hold lots of cash
- KAMES UK EQUITY INCOME: Seven years of raising dividend payments as mixture of blue-chips and lesser known income shares pays off
- BLACKROCK UK INCOME FUND: Mark Wharrier has made a triumphant return after a ten-year absence
- JO HAMBRO CAPITAL MANAGEMENT GLOBAL OPPORTUNITIES: Cash-rich global fund that's (cautiously) cleaning up
- MARLBOROUGH EUROPEAN MULTI-CAP: It's all about the stocks, NOT the big picture for top Euro fund boss
- ASHBURTON INDIA EQUITY OPPORTUNITIES: How India-based funds are revving up returns for investors
- MOMENTUM FACTOR 5 FUND: The investment where inflation spells good news
- JPMORGAN AMERICAN INVESTMENT TRUST: 'Trump or Clinton? We're more worried about interest rates'
- EVENLODE INCOME: How two Wise men turned £1m into £1bn in just seven years
Latest from Markets
- Life is sweet... as Lord Sugar paid himself £181m dividend ahead of last April's tax changes
- JP Morgan staff set for big bonuses as City forecasts indicate an 8% boost to annual profits
- Mike Ashley may sell top brands Lonsdale and Donnay to take Sports Direct upmarket
- Brompton Bicycle sees profits plunge after firm moves to new premises
- Homewares giant Dunelm hires George at Asda star to boost growth
- London Stock Exchange chiefs push on for German merger as they accept £434m offer for French business to appease EU
- DAILY BRIEFING: Boost for Donald Trump as US employment rises again
- Squelch of retro 80s synthesisers is the sound of sales success for Gear4music
- Little hikers boost Mountain Warehouse as it unveils plans to open 20 stores over the next year
- Sales slump and job cuts at America's giant department stores as shoppers go online
- Chinese property tycoon plots to take a £500m bite out of City's landmark 'Cheesegrater skyscraper'
- Retailers face perfect storm, says Robert Dyas owner and Dragons' Den star Theo Paphitis
Investing essentials
- How to pick the best (and cheapest) DIY investing Isa A wealth of choice and changes to charges have left many investors scratching their heads
- Fund and investment trust tips: The experts' ideas for different investors and the easy ways to invest your Isa
- MINOR INVESTOR: Why long-term investing works - and the easiest way to do it
- How to invest in funds, investment trusts and ETFs And save money as a DIY investor
- How to invest in shares Your complete guide to joining the excitement of individual share-picking
Investor essentials and share and fund prices
-
Share prices
View all UK shares -
Top movers
Latest risers and fallers -
Company A-Z
Directory of UK shares -
Fund data tables
Thousands of investments -
Economy
Latest economic data -
Market diary
Big events in the City -
Broker views
Buys, sells and holds -
Commodities
Oil and gold prices -
Charting
Compare share performance