Mr Bearbull

Two companies serving up profit warnings on the same day make for an interesting contrast

Outstanding companies are not penalised if their shares are grouped in a lowly rated sector

Splitting one company into two does not necessarily create value, as Ferguson’s shareholders may soon discover

Acquisition-driven companies eventually destroy value, says investment theory. The theory might just be wrong

It’s hard to escape the conclusion that another UK business is being sold on the cheap by its directors

There is more to the feeding frenzy on London-listed companies than just sterling’s weakness

Is gut instinct a good way to make decisions? Sometimes, but rarely in financial markets

When profits and cash flow move in opposite directions it is generally time to worry

Trade wars tell us that globalisation is changing, and not necessarily to the UK’s advantage

A company’s shares are always worth more to a controlling investor than to the likes of you and me