Miles Costello

1 week ago | citywire.com | Miles Costello |Michelle McGagh |Simon Evan-Cook

The FTSE 100 added to yesterday’s gains after global markets steadied on positive noises from the White House around trade negotiations, including a deal with the UK. The main UK index was up 0.8%, or 63 points, at 8,196 as the S&P 500 enjoyed back-to-back daily gains for the first time since US president Donald Trump announced reciprocal tariffs on 2 April, before mostly pausing them a week later.

1 week ago | citywire.com | Miles Costello |Michelle McGagh |James Carthew

The board of Urban Logistics (SHED) is on the brink of accepting a £674m takeover bid from LondonMetric Propery (LMP). The board of SHED said it is ‘minded to recommend’ a LondonMetric cash and share bid that values the entire real estate investment trust (Reit) at £674m. The news caused SHED’s shares to soar 8% to 138p on Monday, just days after the FTSE 100-listed property investor made a preliminary approach for an undisclosed sum.

1 week ago | citywire.com | Sophie Downes |Miles Costello |Simon Evan-Cook |Michelle McGagh

Graeme Forster is an Elite Investor, placing him among the top 3% of best performers out of more than 10,000 equity managers tracked by Citywire. He runs the Orbis Global Value Fund, which hunts for fundamentally strong companies with shares that have been mispriced by the wider market. Forster and his team draw on the best ideas from a large pool of analysts worldwide while also using computer-driven models and screening tools.

2 weeks ago | citywire.com | Miles Costello |Jeremy Gordon |Michelle McGagh |James Carthew

It’s 6:30am on a wet, wintry morning and passengers in crammed tube carriages are wondering whether they really want this commuting grind for the next 20 years. Graeme Forster was one of those passengers, and his answer was no. Born in Wrexham, Wales, Forster spent the best part of six years travelling between his home in Buckinghamshire and the central London offices of his employer, the funds firm Orbis Investment Management.

2 weeks ago | telegraph.co.uk | Miles Costello

Investors who bought into London's listed paper and packaging groups over the years will know that all too often, no matter how good the financials, share prices move in the opposite direction. There's been much consolidation in the sector in recent times. Last year, European titan Smurfit Kappa merged with Westrock of the US to form Smurfit Westrock, and earlier this year the combination of DS Smith and International Paper, also of the US, completed.