BWD UK Equity income manager colin morton believes uk businesses should hand over excess cash to investors, not corporate financiers
UK companies must learn to ignore the demands of the investment industry if they are to thrive. That is the view of Colin Morton, manager of the BWD UK Equity Income Trust, who believes management all too often ends up destroying value rather than concentrating on the business and distributing excess profits to shareholders via dividends. He said: 'This industry makes money out of persuading companies to do things they probably shouldn't do, for instance look at the activity of corporate financiers. You hope companies have learned their lessons. 'But companies still have this ridicu...
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