The demise of Neil Woodford – what have we learnt?

By Shelly Durrant & Henry Adefope Neil Woodford – formerly the mercurial investment maverick renowned for his 25-year track record making stunning investment returns for investors, is now known as the man who lost it all. This month marks three years since the collapse of the Woodford Equity Income (WEI) fund that he managed –…

The post-Brexit financial regulatory landscape takes shape

By Gareth Jones It is now over four months since the UK left the single market and customs union and UK financial services lost its pre-Brexit access to EU markets. The impact of this has certainly been felt in parts of the City (see here), although other areas appear more focused on other market issues,…

Should companies keep paying dividends?

By Adam Lloyd, Partner For the first time since WWII Royal Dutch Shell, the UK’s largest and most reliable payer of dividends, has announced a two thirds cut in its quarterly dividend. A surprise, just days after BP chose to maintain its dividend, but not a shock. In the wake of the lockdown we have…

Will your business be judged a Going Concern?

By Adam Lloyd, Partner Management teams currently engaged in the end of year audit process should be in no doubt that investors are expecting bad news. To avoid further damage to already battered share prices, companies need to get ahead of this early. The current crisis presents a significant challenge for companies hoping to publish…

FCA cuts pre-emption rights to speed up rescue funding

By Adam Lloyd, Partner If you hold shares in a company listed on any of the world’s stock markets you will be in no doubt about the devastating impact of Covid-19, not just on the health of the nation but also on the health of the economy. The thousands of companies who list their shares…

Reduce trading hours to help navigate the pandemic

Companies should continue to update the market, but the markets must make changes to cope with Coronavirus, says Newgate Managing Partner, Giles Croot The unprecedented call from the Financial Conduct Authority (FCA) at the weekend for listed companies to delay publishing preliminary results for at least two weeks has led to many companies mothballing them….