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Bulb Collapse, Telecom Plus Results and FCA Globo Action

Yesterday energy supplier Bulb collapsed and was put into Special Administration. Bulb has 1.7 million customers and is the largest of 20 alternative energy suppliers to go bust recently. Most of their customers have been taken on by other suppliers but apparently nobody was willing to take on Bulb’s so effectively the company has been nationalised. These companies have all been hit by the rapid rise in gas prices while the price cap imposed by Ofgem meant they could not raise their ...

The Death of Coal Mining and the Nuclear Alternative

The views expressed in this article are those of its author and not necessarily those of ShareSoc. Boris Johnson has said that the Glasgow climate deal is a "game-changing agreement" which sounds "the death knell for coal power". Let us hope so. My father worked down a pit in Nottinghamshire in his early life and was all for replacing coal power stations by nuclear power. Coal mining is not just a great creator of pollution but is also positively dangerous for the ...

Alliance Trust Resets Dividend

An announcement this morning from Alliance Trust (ATST) says that the board has concluded that an increased dividend “will benefit existing shareholders and enhance the attractiveness of the Company’s shares”. They expect the overall annual dividend to increase by 32.5% over the 2020 dividend. The proposed increase will be well covered by distributable reserves and income it is suggested although no doubt some of the extra dividend cost will come from capital. ATST had a reported yield of 1.43% last year according ...

It’s a Prosecco & Cava Budget

The views expressed in this article are those of the author and not necessarily those of ShareSoc. It’s a sparkling wine budget – or at least one to celebrate for investors as there are no really negative changes in it that were widely rumoured. At least that is apart from the rise in dividend taxes and freezing of allowances previously announced. Here’s a list of the key points: The National Living Wage is being increased. The Government is substantially increasing funding for R&D.  ...

National Pensions Tracing Day 31 Oct 2021

From Cliff Weight, ShareSoc Director A friend from Punter Southall, sent me a round robin email and I thought all ShareSoc members would find it of interest and many would find it useful to help them find their investments. Hello and good morning.  You are one of just 30 people I have chosen to send this message to. National Pension Tracing Day (NPTD) is coming up this weekend and I’m hoping that you can support the campaign in some way, whether that’s with your ...