INVESTOR CHAMPION Will Goodhart, chief executive of the CFA Institute, has defended long-term investors, saying: “They should not suffer discrimination on the basis of their holding periods.”
Writing to the Financial Times, he said the discussion about long and short-term investment is “misplaced”, arguing “there is no single optimum holding period”.
The Department for Business, Innovation and Skills has called for evidence on a consultation, Long-term focus for corporate Britain, and some stakeholders have accused short-term investors of irresponsible strategies.
Goodhart (pictured) concluded: “Each group has the same aim – to maximise risk-adjusted returns – but may use different approaches in expressing their views.”
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.