For reasons that escape me, UK financial stocks are massively out of favour.
For example, Admiral, one of the UK’s largest motor insurers, has a dividend yield of 7.5% at its current share price of £25.
That kind of yield is usually reserved for cigar butts and basket cases, so does that describe Admiral, or is the market materially undervaluing this business?
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Cloud computing and hosting services provider Iomart (LON: IOM) has been struggling in recent years as profit and the share price have declined. Iomart chair Richard Last has bought an initial 50,000 shares at 77.27p each, which is not much above the low for the year. Richard Last joined the board last June. The
Anglo American is ramping up efforts to streamline its business amid takeover pressure from BHP with the sale of its nickel business. Mining giant Anglo American has struck a deal to sell its Brazilian nickel business to Asian metals group MMG Limited in a transaction worth up to $500 million. The sale, announced today, will
