Star small-cap manager Philip Rodrigs fired from River and Mercantile over conduct issue

Well-known smaller companies fund manager Philip Rodrigs has been sacked from River and Mercantile Asset Management (RAMAM) following an investigation into his professional conduct. The firm said the conduct issue was not related to Rodrigs’ responsibilities as manager of its £900.5m UK Equity Smaller Companies fund, £374.4m UK Dynamic Equity fund and £110m UK Micro Cap…

Institutional investors increase AIM oil exposure as black stuff resists wider market sell-off (JOG, TXP)

Institutional investors have significantly increased their stakes in both Touchstone Exploration (LSE: TXP) and Jersey Oil & Gas (LSE:JOG) as oil prices continue to hold up against a shaky market backdrop. Industrial investment company North Energy Capital increased its stake in Canada-based upstream oil and gas firm firm Touchstone from 10.1pc to 11.1pc by purchasing…

Purplebricks struggles to stem outflows after broker issues damning ‘sell’ note (PURP)

Short-seller favourite Purplebricks (LSE:PURP) has hit back at broker Jefferies after its scathing sell note on the online estate agent sent shareholders running for the hills on Thursday. Shares in Purplebricks fell by more than 7pc after Jefferies questioned its business model and slapped it with a 94p price target, well below its current market…