French Connection the UK fashion retailer LSE:FCCN has received two
takeover bids, in this episode our resident financial expert Adrian
Lawrence discusses this and the changing dynamics in the high street.
French
Connection rejected a takeover in January 2020 as being too low, that
bid was around 40p but since then the high street shopping channel in
the UK has been very seriously impacted by the three pandemic lockdowns.
The share price has been bombed out as have other companies who
operate in the retail, leisure or hospitality sectors. Towards the end
of last year 2020, their share price was trading around the 10p level.
Now following on from the speculation surrounding retail brands and the
actual announcement on Friday of formal takeover approaches, their
price has jumped to 25p.
In today's episode Adrian our in house financial expert discusses the
news from Hargreaves Lansdown today that they attractive growing numbers
of younger investors. There are many factors behind this trend,
interest rates are very low in the UK at the moment and during the
lockdown spending has been lower than normal meaning people have more
savings available for investment.
The lockdown also means there is
less travel and commutting which means more time available to research
and investigate investment options. This trend is welcome as the UK
population is living longer and the stock market is a key source of
funding for companies, direct investment get younger people more engaged
with the economy.
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