Kingswood confirms the completion of WFI and Bridge Finance Facility

Kingswood Holdings Limited (AIM: KWG), the integrated wealth management group, is delighted to announce that, further to the announcement dated 4 September 2019, it has completed the acquisition of the business and assets of WFI Financial (“WFI”), an independent regional financial planning business based in Sheffield with offices also in Derby, Lincoln and Grimsby (the “Acquisition”).

How long will the bounce in value stocks continue?

Global equities continued their recovery last week and in local currency terms are now in spitting distance of their highs earlier in the year – even if the recent bounce in the pound means they are still some 2.5% below in sterling terms.

Kingswood confirms up to £80 million permanent growth capital in major milestone for the firm

• Growth capital is being provided by funds managed and/or advised by Pollen Street Capital • Substantial investment is in the form of irredeemable Convertible Preference Shares, to be drawn in instalments to match acquisition funding needs • Strong affirmation of Kingswood global vision and strategy and underpins share valuation growth not currently reflected in the market Kingswood recently announced … Read More

The increasingly surreal world of Brexit

Equity markets recovered a bit more of their losses last week, taking heart from confirmation that trade talks between US and China will be resuming over coming weeks. But while talks are clearly better than no talks, there still seems little chance of any agreement being reached for some time. Watch this space in the run up to next year’s … Read More

Growth still slowing but central banks not yet out of ammunition

Equity markets recovered some of their losses last week as sentiment regarding the US-China trade war took a turn for the better. Little of substance was behind the improved mood which followed some calming comments from China and the prospect of renewed talks later this month. While we continue to believe some kind of deal will eventually be reached, the … Read More