Nick Train News

04.12 / 12:17

UPS reports Nick Train's Finsbury Growth & Income introduces continuation vote as annual discount doubles

In its annual results published today (4 December), the FGT board said the trust did not take its continued support from clients «for granted» and said so far «no shareholder has expressed to us any appetite for a material change in [investment] approach». Lindsell Train investment trust attempts to improve ailing share price as Nick Train backs data and tech News about the continuation vote came as the trust announced its annual results for the year to 30 September 2024 which reported that FGT's discount had widened to 8.7% in FY 2024, up from 4.4% in the same period a year prior. ...

03.12 / 11:57

MSCI reports Lindsell Train investment trust attempts to improve ailing share price as Nick Train backs data and tech

Having dropped 19.8% in the year to 31 March 2024, the trust's share price has gradually risen by 2.7% in the six months to 30 September 2024, according to an abridged version of the company's half year report published today (3 December). This marked a similar return to the MSCI World index total return during the same period of 2.8%, even though the index had previously returned 22.5% in the same timeframe that Lindsell Train's share price toppled by 19.8%. Nick Train's UK Equity fund to pull in over £230m from Hargreaves Lansdown takeover However, the company's NAV per share f...

16.07 / 11:20

markets CEO performer Nick Train: Burberry bosses must 'rethink' how to fulfil the brand's potential

His comments came after the luxury fashion group replaced its former CEO Jonathan Akeroyd on Monday (15 July) and issued a fresh profit warning. The news led to a 20% slump in Burberry's share price, which has continued to fall as markets opened today. According to data from MarketWatch, the firm's shares are down almost 4% so far. Train has been a long-term investor in Burberry via Finsbury Growth & Income, and has repeatedly backed the company despite its declining share price damaging the trust's own performance. Nick Train: 'We should not have been surprised' at Hargreaves Lans...

15.03 / 14:35

UPS Provident Finsbury Growth & Income outperforms benchmark in February thanks to 'magnificent' holdings

According to the £1.8bn trust's latest factsheet, in February the net asset value was up 1.7% and the share price gained 2.3%, while the FTSE All-Share index was only up 0.2%. Nick Train vows to stick to his guns as Finsbury Growth & Income bets big on AI Manager Nick Train said four of the trust's «magnificent five» holdings outperformed the index, arguing they are «magnificent» because they are «world-class and substantive businesses» with a «clear secular growth opportunity». The outperformers were analytics provider RELX, which comprises 12.8% of the trust's total investments, ...

24.01 / 17:19

Investment trusts Diageo Finsbury Growth & Income Nick Train vows to stick to his guns as Finsbury Growth & Income bets big on AI

Nick Train (pictured) addressed shareholders at Finsbury Income & Growth's annual general meeting in London on Tuesday (23 January).

16.01 / 13:20

Europe UK Investment trusts Diageo burberry Train defends concentration despite persistent Finsbury Growth & Income underperformance

Nick Train (pictured) said the portfolio has been constructed around companies in the UK stock market that are poised to benefit from AI, software and luxury consumption trends.

12.12 / 12:13

Investment trusts Diageo Finsbury Growth & Income Nick Train buys more Diageo despite profit warning hit to Finsbury Growth & Income

Nick Train said he was sticking with the stock: 'On balance, we do not believe the warning about Latin America invalidates the investment case for Diageo, frustrating though it is."

07.12 / 12:45

Investment trusts Diageo Finsbury Growth & Income Finsbury Growth & Income performance 'concerning' as trust lags benchmark for third consecutive year

Train credited the underperformance to three key factors: Avoidance of commodities and banks, high conviction holdings such as Hargreaves Lansdown and London Stock Exchange Group not performing well and underestimating the significance of technology change.

05.12 / 09:31

Investment trusts Lindsell Train trust NAV dragged down by fund group holding

'One day we hope our shareholders will be rewarded by that value and shares will start going up again.'

13.11 / 12:23

Investment trusts Investment Trust burberry Finsbury Growth & Income Finsbury Growth & Income bolsters Experian holding amid higher for longer concerns

Nick Train (pictured), manager of the Finsbury Growth & Income trust.

10.10 / 15:21

Oil Investment trusts Finsbury Growth & Income Big oil bumps Finsbury Growth & Income NAV down 2% in September

Nick Train (pictured) is the manager of the Finsbury Growth & Income trust.

25.07 / 20:35

London Stock Exchange Investment trusts Holdings Nick Train pledges to 'keep faith' in Lindsell Train holdings as performance lags

Nick Train said «Earnings growth is likely to continue for the foreseeable future.»

08.12 / 12:35

Nick Train keeps faith in wealth manager stocks despite ‘miserable year’

Nick Train, one of the UK's best-known fund managers, has lamented his "disappointing" and "frustrating" performance this year in what has been a bruising period for investors.

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