Two weeks on from the latest step taken in lockdown easing and it seems the country has acquired an insatiable appetite for consuming pints of beer outside and queuing patiently to get into Primark.
While our enthusiasm for alfresco drinking may be dependent upon the weather, investment analysts are busy assessing whether people s adoration of Primark will continue once a trip to non-essential shops becomes less of a novelty.
Primark s fortunes matter because the clothing store is a bellwether for the health of the nation s high street. With so much shopping done online during the pandemic, as bricks-and-mortar stores have been inaccessible, its success or otherwise in the months ahead will show whether shopping habits have changed forever or not.
Opportunity to start with a blank sheet of paper and free from Woodford unquoteds
Chelsea Financial Services managing director Darius McDermott said Tellworth is a “chance for a fresh start” for Barnett whose final years at Invesco were marred by torrid performance and heavy outflows.
“Mark had a bad time of it at the end of his time at Invesco – taking on huge funds that stayed in redemption over his tenure, coupled with his style being out of favour, was a combination that he and his investors never really recovered from,” McDermott said.
At the time of Barnett’s departure his Invesco High Income and Income mandates were lingering near the bottom of the IA UK All Companies sector, sitting on losses of 40% over three years.
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