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Brewin Dolphin said that analysts’ least favoured FTSE 100 stocks included Rolls-Royce along with several retailers including Kingfisher, owner of the B&Q DIY chain, J Sainsbury and Burberry. Introduced in 1995, VCTs are a government-backed scheme designed to boost entrepreneurial activity by encouraging investment into small businesses in need of next-stage funding. It estimates that headline payouts will fall by 2.8percent in 2023, equating to a year-end figure of 91.7 billion. Factoring in one-off payments as well as regular dividend payouts, Link estimates that listed UK companies will yield 3.7percent for the next 12 months. Except for domestic utilities and consumer basics, dividend payouts grew in almost every industrial sector over the course of last year.
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The company had a prominent role in the so-called ‘meme stock’ GameStop share trading saga in 2021, when small-time individual investors went head-to-head with large financial institutions. The platform was criticised for halting trading in the stock. In recent years, social media has become a popular tool within financial services firms’ marketing strategies. According to funds network Calastone’s latest Fund Flow Index, investors channelled 6.97 billion into equity funds in the first three months of 2024. This compared with a net outflow from equity funds of 1.24 billion in all of 2023.
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