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        <title>Intermediate Capital Group Plc (LSE:ICG) Share Price, History, &amp; News | The Motley Fool UK</title>
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	<title>Intermediate Capital Group Plc (LSE:ICG) Share Price, History, &amp; News | The Motley Fool UK</title>
	<link>https://www.fool.co.uk/tickers/lse-icg/</link>
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                                <title>5%+ dividend yields and P/Es below 11! 2 FTSE 100 shares to consider</title>
                <link>https://www.fool.co.uk/2026/04/08/5-dividend-yields-and-p-es-below-11-2-ftse-100-shares-to-consider/</link>
                                <pubDate>Wed, 08 Apr 2026 06:05:00 +0000</pubDate>
                <dc:creator><![CDATA[Royston Wild]]></dc:creator>
                		<category><![CDATA[Investing Articles]]></category>

                <guid isPermaLink="false">https://www.fool.co.uk/?p=1672170</guid>
                                    <description><![CDATA[<p>The London stock market's bursting with bargains following recent choppiness. Here Royston Wild reveals two cheap FTSE stars that deserve some love.</p>
<p>The post <a href="https://www.fool.co.uk/2026/04/08/5-dividend-yields-and-p-es-below-11-2-ftse-100-shares-to-consider/">5%+ dividend yields and P/Es below 11! 2 FTSE 100 shares to consider</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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<p>The <strong>FTSE 100</strong> has recovered strongly since the shock of the Iran war drove share prices lower. The UK&#8217;s premier share index is up 1.6% over the past month, as dip buyers have emerged to snap up cheap shares.</p>



<p>There are still plenty of bargains to be had, however. Some quality Footsie shares continue to look cheap despite the broader index&#8217;s recovery. Take <strong>Tritax Big Box REIT </strong>(<a class="tickerized-link" href="https://www.fool.co.uk/tickers/lse-bbox/">LSE:BBOX</a>) and <strong>ICG </strong>(<a class="tickerized-link" href="https://www.fool.co.uk/tickers/lse-icg/">LSE:ICG</a>).</p>



<p>Not only do these blue-chip stocks carry rock-bottom <a href="https://www.fool.co.uk/investing-basics/how-to-value-shares/pe-ratio/" id="https://www.fool.co.uk/investing-basics/how-to-value-shares/pe-ratio/" target="_blank" rel="noreferrer noopener">price-to-earnings (P/E) ratios</a>. They also boast <a href="https://www.fool.co.uk/investing-basics/how-to-value-shares/dividend-yield/" id="www.fool.co.uk/investing-basics/how-to-value-shares/dividend-yield/" target="_blank" rel="noreferrer noopener">dividend yields</a> well above the index average of 3.2%. In my view, they&#8217;re two of the best bargains on the stock market today. Here&#8217;s why.</p>



<h2 class="wp-block-heading" id="h-tritax-big-box-reit">Tritax Big Box REIT</h2>


<div class="tmf-chart-singleseries" data-title="Tritax Big Box REIT Plc Price" data-ticker="LSE:BBOX" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<p>Rising interest rates carry a raft of problems for property stocks. It&#8217;s why real estate investment trust (REIT) Tritax has dropped 5.6% over the last month &#8212; with inflationary pressures growing, the Bank of England may be forced to hike lending costs in the coming months.</p>



<p>The issue for REITs is that higher interest rates hit property valuations, depressing net asset values and causing balance sheet pressure. They also push up borrowing costs, so while Tritax doesn&#8217;t have enormous debts (loan-to-value was 33% as of December), its debt servicing expenses could still jump.</p>



<p>In my view, these pressures are more than baked into Tritax&#8217;s low valuation, though. And that represents an attractive dip buying opportunity to consider. The firm&#8217;s forward P/E&#8217;s dropped to 10.6, while its dividend yield&#8217;s risen to 5.3%.</p>



<p>I especially like Tritax because of its passive income potential. That FTSE 100-beating yield partly reflects REIT rules, which state 90% of rental profits be distributed to shareholders. I&#8217;m also confident its diversified, blue-chip tenant base and long rental contracts should keep cash flows stable, which is critical for dividends. Its weighted average unexpired lease term (WAULT) sits above 10 years.</p>



<p><em>Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.</em></p>



<h2 class="wp-block-heading" id="h-icg">ICG</h2>


<div class="tmf-chart-singleseries" data-title="Icg Plc Price" data-ticker="LSE:ICG" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<p>Now ICG could find itself under more pressure if inflation soars and economic conditions worsen. The company formerly known as Intermediate Capital Group lends money and manages investments for wealthy individuals and institutions. </p>



<p>During tough times, demand for new financing can drop, while existing borrowers may struggle to repay their loans. Finally, investment returns can fall if financial markets deteriorate, putting more pressure on earnings.</p>



<p>So why should investors consider ICG shares today? One reason is its stunning value &#8212; its P/E for 2026 has slipped to 9.9, while the dividend yield has increased to 5.5%. Another is the FTSE company&#8217;s resilience during previous downturns, as demonstrated by its ability to lift dividends every year since the 2008/2009 financial crisis.</p>



<p>Finally, I&#8217;m still confident ICG will deliver robust long-term returns. And as someone who invests for extended periods, this is most important to me personally. Alternative investments and private credit providers are experiencing strong structural growth as traditional banks tighten their lending rules.</p>
<p>The post <a href="https://www.fool.co.uk/2026/04/08/5-dividend-yields-and-p-es-below-11-2-ftse-100-shares-to-consider/">5%+ dividend yields and P/Es below 11! 2 FTSE 100 shares to consider</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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                                <title>After the FTSE 100&#8217;s slump, these bargain shares are calling!</title>
                <link>https://www.fool.co.uk/2026/03/16/after-the-ftse-100s-slump-these-bargain-shares-are-calling/</link>
                                <pubDate>Mon, 16 Mar 2026 15:47:00 +0000</pubDate>
                <dc:creator><![CDATA[Royston Wild]]></dc:creator>
                		<category><![CDATA[Investing Articles]]></category>
		<category><![CDATA[Value Shares]]></category>

                <guid isPermaLink="false">https://www.fool.co.uk/?p=1661920</guid>
                                    <description><![CDATA[<p>Are you on the lookout for top cheap stocks to buy? Royston Wild reveals three FTSE 100 value shares he's keeping close tabs on.</p>
<p>The post <a href="https://www.fool.co.uk/2026/03/16/after-the-ftse-100s-slump-these-bargain-shares-are-calling/">After the FTSE 100&#8217;s slump, these bargain shares are calling!</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
]]></description>
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<p>The <strong>FTSE 100</strong> is currently 6% off February&#8217;s record highs, meaning now&#8217;s a great time to search for bargain shares. UK blue-chip stocks were already looking dirt cheap. March&#8217;s slump provides even more value for investors to sink their teeth into.</p>



<p>With the Middle East conflict continuing, there could well be more volatility in store. But buying quality stocks on the dip can give one&#8217;s investment returns a huge boost over time. I myself often use lower prices as an opportunity to buy discounted shares.</p>



<p>So which <a href="https://www.fool.co.uk/personal-finance/share-dealing/guides/what-is-the-ftse-100/" id="www.fool.co.uk/personal-finance/share-dealing/guides/what-is-the-ftse-100/" target="_blank" rel="noreferrer noopener">FTSE 100</a> fallers are on my shopping list today? There are several, but here are three of my favourites.</p>



<h2 class="wp-block-heading" id="h-out-of-fashion">Out of fashion</h2>



<p><strong>JD Sports Fashion</strong> trades on a forward price-to-earnings (P/E) ratio of 8.2 times. That&#8217;s far below its 10-year average of 15-16, and reflects sustained <a href="https://www.fool.co.uk/investing-basics/investment-glossary/what-is-revenue/" target="_blank" rel="noreferrer noopener">sales</a> pressure as consumers have trimmed spending.</p>



<p>Is the retailer out of the woods just yet? Absolutely not, even though trading in the key US market has been better more recently. Still, the long-term outlook here remains extremely bright, and at current prices I think JD Sports could be too cheap to ignore.</p>



<p>I&#8217;m expecting the share price to rebound as its global store expansion drive continues on. Once shoppers loosen the purse strings again, I think profits could take off.</p>



<h2 class="wp-block-heading" id="h-box-clever">Box clever</h2>



<p>Fading hopes of interest rate cuts have hit property stocks in recent weeks. For <strong>Tritax Big Box</strong>, its borrowing costs are likely to be higher than expected at the start of 2026, weighing on earnings.</p>



<p>But largely speaking, the profits picture here is also pretty robust. I don&#8217;t think this is reflected in the FTSE 100 share&#8217;s low P/E &#8212; at 7.7, it&#8217;s well below the long-term average of 11-12.</p>



<p>Tritax&#8217;s exposure to blue-chip and non-cyclical companies means rent rolls should remain rock-solid whatever economic challenges emerge. Over the long term, I expect earnings to surge as demand for warehouses and data centre booms.</p>



<h2 class="wp-block-heading" id="h-the-best-value-share-today">The best value share today?</h2>



<p>Right now, <strong>ICG </strong>(<a class="tickerized-link" href="https://www.fool.co.uk/tickers/lse-icg/">LSE:ICG</a>) is top of my shopping list. Whatever way you cut it, the alternative asset manager offers excellent value for money.</p>



<p>Its forward P/E ratio is just 9.7 times, while its price-to-earnings growth (PEG) ratio is 0.8. It also offers excellent value based on expected dividends as well as earnings &#8212; its dividend yield is a chunky 5.7% for 2027.</p>



<p>Finally, ICG&#8217;s price-to-book (P/B) ratio is 1.7. That&#8217;s above the benchmark of one, meaning the stock&#8217;s trading at a premium to its book value. However, this is the lowest level for three-and-a-half years.</p>



<p>ICG &#8212; previously known as Intermediate Capital Group &#8212; invests money for institutional clients, chiefly in private markets, and charges fees for the privilege. This leaves it vulnerable during tough periods when investment flows cool.</p>



<p>So what makes it an attractive FTSE 100 share to consider today? It&#8217;s not just that brilliant value for money we&#8217;ve discussed. ICG has proven its ability to successfully navigate challenging periods, as its 16 straight years of dividend increases illustrates.</p>
<p>The post <a href="https://www.fool.co.uk/2026/03/16/after-the-ftse-100s-slump-these-bargain-shares-are-calling/">After the FTSE 100&#8217;s slump, these bargain shares are calling!</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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                                <title>Here&#8217;s how to invest £20k in an ISA in 2026 to target a 13% dividend yield</title>
                <link>https://www.fool.co.uk/2026/03/09/heres-how-to-invest-20k-in-an-isa-in-2026-to-target-a-13-dividend-yield/</link>
                                <pubDate>Mon, 09 Mar 2026 07:16:00 +0000</pubDate>
                <dc:creator><![CDATA[Zaven Boyrazian, CFA]]></dc:creator>
                		<category><![CDATA[Dividend Shares]]></category>
		<category><![CDATA[Investing Articles]]></category>

                <guid isPermaLink="false">https://www.fool.co.uk/?p=1657582</guid>
                                    <description><![CDATA[<p>Zaven Boyrazian explains how investors can find top-notch income stocks capable of paying a sustainable double-digit dividend yield in an ISA portfolio.</p>
<p>The post <a href="https://www.fool.co.uk/2026/03/09/heres-how-to-invest-20k-in-an-isa-in-2026-to-target-a-13-dividend-yield/">Here&#8217;s how to invest £20k in an ISA in 2026 to target a 13% dividend yield</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
]]></description>
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<p>When a stock has an extraordinarily high dividend yield like 13%, that&#8217;s often a giant warning sign something&#8217;s seriously wrong. And all too often, massive yields are quickly met with massive payout cuts.</p>



<p>But for intelligent investors, earning a double-digit payout isn&#8217;t only possible but also sustainable with the right strategy. And when executed inside a Stocks and Shares ISA, this opens the door to enormous tax-free passive income.</p>



<p>So with the ISA deadline fast approaching, let&#8217;s breakdown how to invest £20k in 2026 to target a massive sustainable yield further down the line.</p>



<p><em>Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.</em></p>



<h2 class="wp-block-heading" id="h-earning-a-big-but-sustainable-yield">Earning a big-but-sustainable yield</h2>



<p>It may seem obvious that when building a high-yield income portfolio, investors should focus on finding the dividend-paying stocks with the highest yields. However, while it may seem counterintuitive, this is a classic mistake.</p>



<p>As previously mentioned, high-yield stocks, especially those in double-digit territory, almost always struggle to keep up, making a payout cut often inevitable.</p>



<p>To earn a massive, sustainable passive income, a high yield isn&#8217;t the answer. Instead, it&#8217;s the destination. The mission is to find dividend-paying companies that produce exorbitant volumes of <a href="https://www.fool.co.uk/investing-basics/understanding-company-accounts/the-cash-flow-statement/">excess cash</a>.</p>



<p>Why? Because low-capital-intensive businesses operating with high profit margins and exceptional cash generation are not only able to continually reinvest in themselves, but also steadily reward shareholders with ever increasing dividend payouts each and every year.</p>



<p><strong>ICG</strong> (<a class="tickerized-link" href="https://www.fool.co.uk/tickers/lse-icg/">LSE:ICG</a>) is an example of this in action. The global alternative asset management group invests money on behalf of other institutional investors, earning management and performance fees.</p>



<p>Over the years, the company&#8217;s demonstrated impressive discipline and understanding across the public and private markets. And consequently, while cash flows can occasionally be lumpy, its assets under management have steadily increased, opening the door to even more fee-earning opportunities in a value-building loop.</p>



<p>The result? Sixteen years of uninterrupted dividend hikes. And even in the last decade, anyone who bought shares in March 2016 has gone from earning a 3.4% yield to 13% today.</p>



<p>So for investors with £20,000 ready to deploy inside an ISA, should ICG be on the shopping list in 2026?</p>



<h2 class="wp-block-heading" id="h-still-worth-considering">Still worth considering?</h2>



<p>While dividends have continued to chug along nicely, the last few years have been <a href="https://www.fool.co.uk/investing-basics/understanding-the-market/what-is-market-volatility/">pretty volatile</a> for ICG shares. Wild swings in investment returns driven by geopolitical and macroeconomic turmoil have weighed down on investor sentiment. And since the firm&#8217;s revenue stream is partially derived from performance fees, that&#8217;s similarly translated into volatility in the group&#8217;s cash flow.</p>



<div class="tmf-chart-singleseries" data-title="Icg Plc Price" data-ticker="LSE:ICG" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>




<p>Yet ICG has a long track record of navigating through these sorts of short-term rough patches. And with institutional investors increasingly looking to invest in the private credit markets (an area where ICG&#8217;s an expert), the company&#8217;s having little trouble attracting fresh capital from its clients.</p>



<p>In other words, the recent volatility may actually be a buying opportunity. And with the dividend yield for new investors sitting at 5.3%, the journey towards 13% could already be off to a solid start.</p>



<p>That&#8217;s why I think ICG shares deserve a closer look. But they&#8217;re not the only dividend growth opportunity I&#8217;ve got my eye on right now.</p>
<p>The post <a href="https://www.fool.co.uk/2026/03/09/heres-how-to-invest-20k-in-an-isa-in-2026-to-target-a-13-dividend-yield/">Here&#8217;s how to invest £20k in an ISA in 2026 to target a 13% dividend yield</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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                                <title>How to target a 14%+ dividend yield by investing £10,000</title>
                <link>https://www.fool.co.uk/2026/03/06/how-to-target-a-14-dividend-yield-by-investing-10000/</link>
                                <pubDate>Fri, 06 Mar 2026 16:07:56 +0000</pubDate>
                <dc:creator><![CDATA[John Fieldsend]]></dc:creator>
                		<category><![CDATA[Dividend Shares]]></category>
		<category><![CDATA[Investing Articles]]></category>

                <guid isPermaLink="false">https://www.fool.co.uk/?p=1657152</guid>
                                    <description><![CDATA[<p>There are many strategies for the average investor targeting a 14% dividend yield or higher. Our Foolish author explores one possibility.</p>
<p>The post <a href="https://www.fool.co.uk/2026/03/06/how-to-target-a-14-dividend-yield-by-investing-10000/">How to target a 14%+ dividend yield by investing £10,000</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
]]></description>
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<p>When calculating the yearly return on a lump of cash, a dividend yield in the region of 14% or more sounds very attractive. An example stake of £10,000 would churn out £1,400 each year. And by bunging the whole thing in an ISA it would be completely tax-free too. Not bad, right?</p>



<p>Here&#8217;s the catch: dividend yields don&#8217;t go that high. The highest yields available on the <strong>London Stock Exchange</strong> as of March 2026 are 10%-13% and many of them don&#8217;t look stable. Time to give up on that big-earning dream then, isn&#8217;t it? Well, maybe not.</p>



<h2 class="wp-block-heading" id="h-shrewd-choices">Shrewd choices</h2>



<p>While it&#8217;s true that popular investment vehicles like index funds aren&#8217;t going to be exceptional dividend payers – a <strong>FTSE 100</strong> dividend fund pays 2.98% at the moment – we can turbocharge our returns with individual stock picking and take advantage of a little time to let the compound interest work its magic.</p>



<p>Take a stock like <strong>ICG</strong> (<a class="tickerized-link" href="https://www.fool.co.uk/tickers/lse-icg/">LSE: ICG</a>), formerly Intermediate Capital Group. The <a href="https://www.fool.co.uk/personal-finance/share-dealing/guides/what-is-the-ftse-100/">FTSE 100</a> company is a bona fide dividend stock, paying out regular dividends for decades on end. Yet the current dividend yield stands at just 5.14%. Not that much, right? But if we look a little closer, we can see that hardly tells the whole story.</p>



<p>An investor might have bought the stock in 2016 for 600p. Because of good company performance over the period, the dividend has been increased every year since, often by double-digit amounts. The amount of dividends paid this year is 83p. That&#8217;s a roughly 14% yield on the original stake – and could be a lot higher if those dividends were reinvested!</p>



<p>In fairness, I&#8217;m cherry-picking one of the better examples here. But I think this shows that with a little time and some shrewd choices, the idea of getting a 14% yield or higher on the money invested is not a crazy one.</p>



<p><em>Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.</em></p>



<h2 class="wp-block-heading" id="h-attractive-stuff">Attractive stuff</h2>



<p>Could ICG be a good stock to buy today? I&#8217;d say it&#8217;s worth considering. The company operates as a lender for private companies, fulfilling a way for firms to get cash without going for a <a href="https://www.fool.co.uk/investing-basics/understanding-the-market/what-is-the-stock-market-and-how-does-it-work/">public listing</a>. This is a vital service that means it can bring in a reliable income in the form of fees.</p>



<p>Impressively, for a firm with such a strong track record, the valuation is reasonable. A price-to-earnings ratio of around eight makes it one of the cheapest on the FTSE 100. Earnings are growing too. And the consensus share price forecast from analysts is a 56% increase over the next year.</p>


<div class="tmf-chart-singleseries" data-title="Icg Plc Price" data-ticker="LSE:ICG" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<p>One of the risks to bear in mind here is a flailing economy. The ICG share price cratered 40% when the pandemic hit. Further economic turbulence could have a similar effect. </p>



<p>As dividends are never guaranteed, then we cannot be sure of hitting a goal, be that a 14% yield or anything else. But the stock market will always have plenty of opportunities for investors to grow their cash and bring in passive income in the years ahead. I think ICG could be one of those today.</p>



<p></p>
<p>The post <a href="https://www.fool.co.uk/2026/03/06/how-to-target-a-14-dividend-yield-by-investing-10000/">How to target a 14%+ dividend yield by investing £10,000</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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                                <title>3 dividend gems tipped to outpace Rolls-Royce on the UK stock market in 2026</title>
                <link>https://www.fool.co.uk/2026/02/25/3-dividend-gems-tipped-to-outpace-rolls-royce-on-the-uk-stock-market-in-2026/</link>
                                <pubDate>Wed, 25 Feb 2026 06:15:00 +0000</pubDate>
                <dc:creator><![CDATA[Mark Hartley]]></dc:creator>
                		<category><![CDATA[Dividend Shares]]></category>
		<category><![CDATA[Investing Articles]]></category>

                <guid isPermaLink="false">https://www.fool.co.uk/?p=1652474</guid>
                                    <description><![CDATA[<p>After years of parabolic growth, stock market analysts are bearish about Rolls-Royce. Our writer identifies three FTSE 100 stocks forecast to beat it this year.</p>
<p>The post <a href="https://www.fool.co.uk/2026/02/25/3-dividend-gems-tipped-to-outpace-rolls-royce-on-the-uk-stock-market-in-2026/">3 dividend gems tipped to outpace Rolls-Royce on the UK stock market in 2026</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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<p>There&#8217;s no denying that <strong>Rolls-Royce</strong> had one of the most spectacular runs on the UK stock market the past two years. But now with an eye-wateringly high price, analyst&#8217;s expect little-to-no growth from the shares in the coming 12 months.</p>



<p>So here are three other stocks to consider with far higher growth forecasts. And not only that – they each pay a meaty dividend to boot!</p>



<h2 class="wp-block-heading" id="h-icg">ICG</h2>



<p><strong>ICG</strong>&#8216;s (<a class="tickerized-link" href="https://www.fool.co.uk/tickers/lse-icg/">LSE: ICG</a>) a specialist lender and asset manager, helping big investors put money into private credit and infrastructure deals. That means it earns steady fees, plus extra income when investments do well. With a near-5% yield backed by growing profits and assets under management, it looks appealing for both income and capital growth.</p>


<div class="tmf-chart-singleseries" data-title="Icg Plc Price" data-ticker="LSE:ICG" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<p>The best part? It boasts a huge (31-year-long) track record of uninterrupted dividend payments.</p>



<p>A key growth driver is that pension funds and insurers are still shifting money from bonds into private credit, which suits ICG’s operations. On the flip side, a nasty recession or credit crunch could hit deal-making and increase defaults, putting pressure on earnings and dividends.</p>



<p>Still, for patient investors comfortable with potential market volatility, I think it&#8217;s worth a serious look.</p>



<h2 class="wp-block-heading" id="h-barratt-redrow">Barratt Redrow</h2>



<p><strong>Barratt Redrow</strong>&#8216;s (<a class="tickerized-link" href="https://www.fool.co.uk/tickers/lse-btrw/">LSE: BTRW</a>) a housebuilding giant formed from the Barratt Developments and Redrow amalgamation, giving it huge coverage across the UK. It has an attractive 4.5% <a href="https://www.fool.co.uk/investing-basics/the-high-yield-portfolio/" target="_blank" rel="noreferrer noopener">yield</a> and stands to benefit if mortgage rates keep easing and buyer confidence continues to recover.</p>



<p>The long-term demand for family homes coupled with government pressure to increase housing supply supports the growth narrative.</p>


<div class="tmf-chart-singleseries" data-title="Barratt Redrow Price" data-ticker="LSE:BTRW" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<p>Still, property’s a cyclical business. If the UK slips back into a downturn, sales and profits (along with dividends) could suffer. Build-cost inflation, planning delays, and any change to housing policy are extra headaches.</p>



<p>For investors ready to hold through a cycle with a fews ups and downs, it could be an opportunity to harness a gradual housing recovery with income on top.</p>



<h2 class="wp-block-heading" id="h-dcc">DCC</h2>



<p><strong>DCC</strong>&#8216;s (<a class="tickerized-link" href="https://www.fool.co.uk/tickers/lse-dcc/">LSE: DCC</a>) a diversified distributor, mainly in energy (like LPG and fuel), but also healthcare and technology products. Think of it as the middleman keeping lots of everyday services running, which helps smooth <a href="https://www.fool.co.uk/investing-basics/understanding-company-accounts/the-profit-and-loss-account/" target="_blank" rel="noreferrer noopener">profits</a> over time.</p>


<div class="tmf-chart-singleseries" data-title="Dcc Plc Price" data-ticker="LSE:DCC" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<p>Like ICG, it boasts a 31-year payment history, with many years of steady increases and a 4% yield that’s well-covered by cash flow. There’s moderate growth potential from acquisitions and the shift into cleaner energy solutions, such as renewables-linked services.</p>



<p>On the risk front, demand for traditional fuels will slowly fall as the world decarbonises, so management has to keep up with innovative new business ideas. If you like dependable, boring-in-a-good-way companies and can live with some acquisition risk, DCC looks a sensible candidate to consider for a long-term UK income portfolio.</p>



<h2 class="wp-block-heading" id="h-looking-beyond-headlines">Looking beyond headlines</h2>



<p>ICG, Barrett Redrow and DCC are three lesser-known <strong>FTSE 100</strong> stocks that seldom make headlines. But they&#8217;re just the kind of dull companies that can quietly compound inside a retirement-focused ISA.</p>



<p>Spectacular comeback stories like Rolls-Royce might dominate headlines for short periods, but in the long-run, the tortoise here wins the race. For investors with a 20-30-year outlook, reliable (and reinvested) dividends can make all the difference.</p>
<p>The post <a href="https://www.fool.co.uk/2026/02/25/3-dividend-gems-tipped-to-outpace-rolls-royce-on-the-uk-stock-market-in-2026/">3 dividend gems tipped to outpace Rolls-Royce on the UK stock market in 2026</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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                                <title>Down 30% with a P/E of 11 and 4.5% yield! A once-in-a-decade chance to buy this unloved FTSE 100 stock?</title>
                <link>https://www.fool.co.uk/2026/02/21/down-30-with-a-p-e-of-11-and-4-5-yield-a-once-in-a-decade-chance-to-buy-this-unloved-ftse-100-stock/</link>
                                <pubDate>Sat, 21 Feb 2026 07:12:00 +0000</pubDate>
                <dc:creator><![CDATA[Harvey Jones]]></dc:creator>
                		<category><![CDATA[Investing Articles]]></category>
		<category><![CDATA[Value Shares]]></category>

                <guid isPermaLink="false">https://www.fool.co.uk/?p=1650766</guid>
                                    <description><![CDATA[<p>Harvey Jones has been waiting for the right time to buy this under-the-radar FTSE 100 dividend growth stock. Ater the shares plunged, is this finally his moment?</p>
<p>The post <a href="https://www.fool.co.uk/2026/02/21/down-30-with-a-p-e-of-11-and-4-5-yield-a-once-in-a-decade-chance-to-buy-this-unloved-ftse-100-stock/">Down 30% with a P/E of 11 and 4.5% yield! A once-in-a-decade chance to buy this unloved FTSE 100 stock?</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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<p>I&#8217;ve had a sneaking admiration for <strong>FTSE 100</strong>-listed private equity investment group <strong>ICG</strong> (<a class="tickerized-link" href="https://www.fool.co.uk/tickers/lse-icg/">LSE: ICG</a>) for years. Lately, I appear to be in a minority, as the shares have swung out of favour. But does that make now the ideal moment to step in?</p>



<p>Previously known as Intermediate Capital Group, ICG is a global alternative asset manager providing capital for acquisitions, pre-IPO financing and management buy-outs. A key reason it&#8217;s struggled is broader caution around private equity, due to higher interest rates, shrinking liquidity and exit strategy struggles.</p>



<p>The ICG share price has fallen 15% in the last month and is down almost 30% over the year. In fact, it’s trading at levels last seen six or seven years ago. Is this kind of opportunity that only appears once in a decade or so?</p>


<div class="tmf-chart-singleseries" data-title="Icg Plc Price" data-ticker="LSE:ICG" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<h2 class="wp-block-heading" id="h-icg-shares-back-on-my-radar">ICG shares back on my radar</h2>



<p>Here&#8217;s one big attraction. The shares now trade on a modest price-to-earnings ratio of just 11.1. And here&#8217;s another. The trailing dividend yield has climbed to 4.75%. ICG has a handy track record of rewarding shareholders. It’s increased its <a href="https://www.fool.co.uk/personal-finance/share-dealing/guides/should-i-buy-growth-or-income-shares/">dividend</a> every year this century, with the sole exception of the financial crisis in 2009. Over the past decade, payouts have grown at a compound annual rate of 14.2%.</p>



<p>On paper at least, this looks like a classic case of sentiment driving the price lower, while fundamentals hold steady. Last month, ICG reported an 11% rise in total assets under management to $127bn during Q3, with $85bn of that fee-earning. That’s up 1% on Q2 and 11% year-on-year. It also holds $36bn of so-called <em>‘dry powder</em>’, capital ready to be deployed, although $19bn of that isn’t yet generating fees. During the period, it raised a further $4.4bn.</p>



<p>Transaction activity is <em>“continuing to show modest recovery”</em>, which is hardly boom-time language. But net financial debt’s fallen from £401m to £239m, leaving the balance sheet in decent shape. In short, it’s not flying, but it’s solid.</p>



<h2 class="wp-block-heading" id="h-massive-share-price-target">Massive share price target</h2>



<p>Here’s the part that catches my eye. Fourteen analysts have set one-year price targets, producing a consensus of 2,554p. If that does prove accurate, that&#8217;s a blockbuster increase of more than 45% from today&#8217;s 1,755p. Add in the dividend and the potential total return nudges 50%.</p>



<p>Nine of those 14 brokers rate the stock a Strong Buy, with just two suggesting Sell. Of course, broker forecasts are <a href="https://www.fool.co.uk/investing-basics/how-to-invest-in-shares/how-to-be-a-good-investor/">educated guesses</a> rather than guarantees, and risks remain. Private markets remain highly sensitive to interest rates and economic conditions. Sluggish dealmaking, tighter liquidity and delayed exits can hit fees and investment realisations.</p>



<p>Competition’s intense too, as large US rivals compete aggressively on fundraising and fees. Performance fees can surge in strong markets, but they’re volatile, which adds another layer of uncertainty.</p>



<p>All told, I think ICG shares are worth considering, but only for investors prepared to stomach some short-term volatility. I’m sorely tempted myself. I’ve been waiting three years for an entry point like this. Now I seem to have it. I just need to summon the courage to press the Buy button.</p>
<p>The post <a href="https://www.fool.co.uk/2026/02/21/down-30-with-a-p-e-of-11-and-4-5-yield-a-once-in-a-decade-chance-to-buy-this-unloved-ftse-100-stock/">Down 30% with a P/E of 11 and 4.5% yield! A once-in-a-decade chance to buy this unloved FTSE 100 stock?</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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                                <title>Why did the ICG share price just jump 10%+ to lead the FTSE 100?</title>
                <link>https://www.fool.co.uk/2025/11/18/why-did-the-icg-share-price-just-jump-10-to-lead-the-ftse-100/</link>
                                <pubDate>Tue, 18 Nov 2025 12:13:37 +0000</pubDate>
                <dc:creator><![CDATA[Alan Oscroft]]></dc:creator>
                		<category><![CDATA[Investing Articles]]></category>
		<category><![CDATA[Market Movers]]></category>

                <guid isPermaLink="false">https://www.fool.co.uk/?p=1606070</guid>
                                    <description><![CDATA[<p>Strong first-half results combined with a new strategic partnership might have just made the ICG share price outlook a good bit brighter.</p>
<p>The post <a href="https://www.fool.co.uk/2025/11/18/why-did-the-icg-share-price-just-jump-10-to-lead-the-ftse-100/">Why did the ICG share price just jump 10%+ to lead the FTSE 100?</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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<p>The <strong>ICG</strong> (<a class="tickerized-link" href="https://www.fool.co.uk/tickers/lse-icg/">LSE: ICG</a>) share price jumped 11% in early trading Tuesday  (18 November). It&#8217;s back around a 7% rise at the time of writing, but still spearheading the <strong>FTSE 100</strong>.</p>



<p>It comes after the company formerly known as Intermediate Capital Group posted two items of news. One is a first-half results update, which I&#8217;ll come back to shortly.</p>



<p>In the other, ICG announced a new partnership with French asset manager Amundi. It&#8217;s &#8220;<em>to develop private markets products managed by ICG and distributed by Amundi targeted at wealth investors</em>&#8220;.</p>


<div class="tmf-chart-singleseries" data-title="Icg Plc Price" data-ticker="LSE:ICG" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<h2 class="wp-block-heading" id="h-10-year-deal">10-year deal</h2>



<p>The agreement starts with an initial term of 10 years. And &#8220;<em>Amundi will provide structuring, sales and aftersales support for products managed by ICG that Amundi distributes</em>&#8220;.</p>



<p>The plan includes Amundi acquiring &#8220;<em>over time, and by no later than 30 June 2027, a non-dilutive 9.9% economic interest in ICG, becoming a strategic shareholder and anchoring the long-term partnership</em>&#8220;.</p>



<p>Amundi will be able to nominate a non-executive director to ICG&#8217;s board. So this is a lot more than just a sales and distribution agreement. </p>



<p>Tying up with Europe&#8217;s largest asset manager looks to me like it could be a great move for ICG, especially after Brexit gave British firms doing business in Europe such a kicking.</p>



<h2 class="wp-block-heading" id="h-first-half">First half</h2>



<p>Turning to first-half results, ICG&#8217;s assets under management rose 6% in the half for an annualised growth of 14%.</p>



<p>The company saw its management fees grow 16% compared to the first half last year, to £334m. That&#8217;s definitely positive, but we need to remember this can be a very cyclical item. Stock markets generally had a better first six months this year than last, helping boost ICG&#8217;s asset performance.</p>



<p>It led to <a href="https://www.fool.co.uk/investing-basics/understanding-company-accounts/the-profit-and-loss-account/" target="_blank" rel="noreferrer noopener">profit before tax</a> growing 78% to £352m year on year. Earnings per share also rose 78%, to 102.8p, and the interim dividend is up 5.3% to 27.7p per share. Forecasts suggest a full-year yield of 4.4%.</p>



<h2 class="wp-block-heading" id="h-what-next">What next?</h2>



<p>Prior to the latest news, <a href="https://www.fool.co.uk/investing-basics/understanding-the-market/broker-forecasts/" target="_blank" rel="noreferrer noopener">forecasts</a> saw ICG growing its full-year EPS by 28% between 2025 and 2028. And this first-half figure has already hit 63% of the forecast 163p for the current year. They also see a year-end price-to-earnings (P/E) ratio of around 11.5, dropping to 9.6 based in 2028 forecasts.</p>



<p>Those predictions will be up in the air now, particularly on the news of ICG&#8217;s new partnership with Amundi. I&#8217;m not sure we&#8217;ll get much in the way of meaningful updates though, at least not until we get close to full-year results.</p>



<p>Saying that, I really don&#8217;t see analysts being disappointed by what we&#8217;ve just heard. They already had a strong consensus Buy on the stock, with an average price target of 2,590p. That&#8217;s 28% ahead of the ICG share price at the time of writing.</p>



<h2 class="wp-block-heading" id="h-time-to-buy">Time to buy?</h2>



<p>ICG looks to me like it&#8217;s been overlooked by investors on the back of a few years of economic gloom. We do have to remember the likely cyclical nature of future earnings though &#8212; and the shares have taken a few sharp falls over the years. I think a P/E lower than average is probably warranted.</p>



<p>But I think ICG has to be worth serious consideration &#8212; for investors comfortable with the chance of short-term volatility.</p>
<p>The post <a href="https://www.fool.co.uk/2025/11/18/why-did-the-icg-share-price-just-jump-10-to-lead-the-ftse-100/">Why did the ICG share price just jump 10%+ to lead the FTSE 100?</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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                                <title>Is today’s FTSE 100 volatility an unmissable opportunity to buy cheap shares?</title>
                <link>https://www.fool.co.uk/2025/11/17/is-todays-ftse-100-volatility-an-unmissable-opportunity-to-buy-cheap-shares/</link>
                                <pubDate>Mon, 17 Nov 2025 16:42:00 +0000</pubDate>
                <dc:creator><![CDATA[Harvey Jones]]></dc:creator>
                		<category><![CDATA[Investing Articles]]></category>
		<category><![CDATA[Value Shares]]></category>

                <guid isPermaLink="false">https://www.fool.co.uk/?p=1605659</guid>
                                    <description><![CDATA[<p>Harvey Jones thinks now could be a good time to go shopping for cheap shares and picks out three FTSE 100 stocks that have fallen sharply in recent days.</p>
<p>The post <a href="https://www.fool.co.uk/2025/11/17/is-todays-ftse-100-volatility-an-unmissable-opportunity-to-buy-cheap-shares/">Is today’s FTSE 100 volatility an unmissable opportunity to buy cheap shares?</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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<p>I’m always on the lookout for cheap shares. There’s something deeply satisfying about picking up a <strong>FTSE 100</strong> bargain at a reduced valuation, then watching it swing back into favour over time. It isn’t easy, though. A low share price doesn’t guarantee good value, or a barnstorming recovery. It takes careful stock picking and a bit of patience too.</p>



<p>Today&#8217;s <a href="https://www.fool.co.uk/investing-basics/understanding-the-market/what-is-market-volatility/">stock market volatility</a> is suddenly throwing up unexpected chances to buy companies I’ve had my eye on for a while.</p>



<h2 class="wp-block-heading" id="h-tesco-s-nice-share-price"><strong>Tesco&#8217;s nice share price</strong></h2>



<p>Grocery giant&nbsp;<strong>Tesco</strong>&nbsp;(<a class="tickerized-link" href="https://www.fool.co.uk/tickers/lse-tsco/">LSE: TSCO</a>) is one of them. It’s had a strong five-year run, enough for me to feel it had got a bit pricey. A 7.5% slide over the last week makes it more appealing, with a price-to-earnings ratio trimmed to 15.8. Tesco shares are still up 28% over 12 months, which shows how resilient the business has been.</p>



<p>The trailing yield has nudged up to 3.15%. It isn’t the highest, but looks sustainable to me. Tesco is still locked in a tough price war triggered by Asda, and profit margins are narrow at 3.9%, so it’s not without risk. If today’s economic problems tip into recession, shoppers may pull back even more. But the cheaper it gets, the more interesting it becomes. With a <a href="https://www.fool.co.uk/investing-basics/getting-started-in-investing/foolish-investing-taking-the-long-term-approach/">long-term view</a>, naturally.</p>



<h2 class="wp-block-heading" id="h-private-equity-opportunity"><strong>Private equity opportunity</strong></h2>



<p>Private equity and alternative asset specialist&nbsp;<strong>Intermediate Capital Group</strong>&nbsp;(<a class="tickerized-link" href="https://www.fool.co.uk/tickers/lse-icg/">LSE: ICG</a>) has been on my watchlist for two years. This is a tricky period for private equity because high interest rates make borrowing more expensive, and wider uncertainty makes it harder to float or sell successful investments. Recent anxiety over the $4.5trn US shadow banking sector hasn’t helped sentiment.</p>



<p>The company has a long record of lifting dividends every year. Today, the trailing yield is 4.33% and the P/E sits at 12.2, which looks modest for a business with its pedigree. It operates in a volatile area and may not reach its potential until interest rates fall more decisively. Even so, I think investors with a long-term view could consider buying, especially at today’s lower valuation.</p>



<h2 class="wp-block-heading" id="h-hospitality-struggles"><strong>Hospitality struggles</strong></h2>



<p>Premier Inn owner&nbsp;<strong>Whitbread</strong>&nbsp;(<a class="tickerized-link" href="https://www.fool.co.uk/tickers/lse-wtb/">LSE: WTB</a>) is down 15% over the last month after reporting a 7% drop in interim pre-tax profits to £316m on 6 October. Revenue fell 2% to £1.5bn. Its German operations have struggled in a slowing economy, and stubborn UK inflation has also hit performance. This is a tough moment for UK hospitality as it deals with rising employer taxes and weaker consumer spending.</p>



<p>The shares have drifted for years and are down 6% over the last 12 months. With a P/E of 14.3, I had expected them to be cheaper. The yield sits at 3.5%. Of the three businesses I’ve looked at today, Whitbread feels the least tempting, although a sharper share price drop could change that.</p>



<p>There may be even better opportunities across the&nbsp;<strong>FTSE 100</strong>&nbsp;as uncertainty shakes sentiment. I’m keeping my watchlist close, because this feels like one of those moments when long-term investors might find value where others see trouble.</p>
<p>The post <a href="https://www.fool.co.uk/2025/11/17/is-todays-ftse-100-volatility-an-unmissable-opportunity-to-buy-cheap-shares/">Is today’s FTSE 100 volatility an unmissable opportunity to buy cheap shares?</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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                                <title>The FTSE 100 is at record highs but still packed with great value stocks – here’s 1 to consider</title>
                <link>https://www.fool.co.uk/2025/10/30/the-ftse-100-is-at-record-highs-but-still-packed-with-great-value-stocks-heres-1-to-consider/</link>
                                <pubDate>Thu, 30 Oct 2025 08:33:05 +0000</pubDate>
                <dc:creator><![CDATA[Harvey Jones]]></dc:creator>
                		<category><![CDATA[Investing Articles]]></category>
		<category><![CDATA[Value Shares]]></category>

                <guid isPermaLink="false">https://www.fool.co.uk/?p=1596678</guid>
                                    <description><![CDATA[<p>The stock market may be flying but Harvey Jones can still find plenty of value stocks on the FTSE 100. He highlights one he's been considering for years.</p>
<p>The post <a href="https://www.fool.co.uk/2025/10/30/the-ftse-100-is-at-record-highs-but-still-packed-with-great-value-stocks-heres-1-to-consider/">The FTSE 100 is at record highs but still packed with great value stocks – here’s 1 to consider</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
]]></description>
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<p>I love buying &#8216;value stocks&#8217;, defined as a company trading below their fundamental value. It feels like buying a slice of a business on the cheap. Often, that comes with a higher dividend yield too. Yields are calculated by dividing the dividend by the share price, so if the share price is down, the yield is likely to be higher.</p>



<p>As with any approach to buying shares, success isn’t guaranteed. Company stocks can be cheap for a very good reason, so I do careful research to find out why.</p>



<h2 class="wp-block-heading" id="h-bargain-uk-shares">Bargain UK shares</h2>



<p>Finding bargains is fairly easy when the market is down, but what about when the&nbsp;<a href="https://www.fool.co.uk/personal-finance/share-dealing/guides/what-is-the-ftse-100/"><strong>FTSE 100</strong></a>&nbsp;is breaking one new high after another? Yesterday (29 October) the blue-chip index closed at a new record of 9,756.14. Investors keep warning of a <a href="https://www.fool.co.uk/investing-basics/understanding-the-market/is-the-market-going-to-crash/">stock market crash</a>, yet the market refuses to listen. </p>



<p>Despite an 18% climb year to date, plenty of FTSE 100 stocks remain attractive. Rising markets lift most boats, but not all. Some sectors lag, such as housebuilders today, or face structural threats from innovation, management errors or changing consumer habits. That leaves entry points for patient investors to benefit if management can turn things around.</p>



<h2 class="wp-block-heading" id="h-checking-the-numbers">Checking the numbers</h2>



<p>When looking for value, I typically start with the price-to-earnings ratio. This divides a company’s share price by its earnings per share. A P/E of 15 is considered fair value, but bargain hunters like me look for 12 or less. Plenty of FTSE 100 stocks fit the bill, including two I already own.&nbsp;</p>



<p><strong>JD Sports Fashion </strong>trades on a P/E of 7.9 and British Airways-owner&nbsp;<strong>International Consolidated Airlines Group</strong>, or IAG,&nbsp;at 8.3. JD Sports is down 25% over 12 months, IAG up 93%. I think they&#8217;re both worth considering but only after understanding why their fortunes have differed so sharply. It pays to dig into <a href="https://www.fool.co.uk/investing-basics/understanding-company-accounts/">recent results</a>.</p>



<h2 class="wp-block-heading" id="h-i-m-tempted-by-icg">I&#8217;m tempted by ICG</h2>



<p>One stock I&#8217;ve had my eye on for some time is private equity and alternative asset manager&nbsp;<strong>Intermediate Capital Group </strong>(<a class="tickerized-link" href="https://www.fool.co.uk/tickers/lse-icg/">LSE: ICG</a>). Its shares have fallen 8% in the last year but remain 52% higher over two years. </p>


<div class="tmf-chart-singleseries" data-title="Icg Plc Price" data-ticker="LSE:ICG" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<p>ICG provides debt and equity capital, offering an alternative to traditional banks. The shares dipped in recent days on fears about troubles in the US shadow banking sector, rather than issues with ICG itself. That could be an issue if the sector is in trouble.</p>



<p>The business has had a strong run lately, with assets under management growing strongly. The <a href="https://www.fool.co.uk/personal-finance/share-dealing/guides/should-i-buy-growth-or-income-shares/">dividend record</a> is excellent, rising every year since 2000 (the sole exception was 2009, during the financial crisis). Over the last decade, dividends increased at an impressive average rate of 14% a year. Today, the trailing yield is 4.24%.</p>



<p>There are risks. Prolonged global trade uncertainty could reduce returns from private equity. High interest rates increase the cost of capital and slow small business expansion. But patient investors can benefit. I think ICG Is well worth considering today, with a long-term view.</p>



<p></p>
<p>The post <a href="https://www.fool.co.uk/2025/10/30/the-ftse-100-is-at-record-highs-but-still-packed-with-great-value-stocks-heres-1-to-consider/">The FTSE 100 is at record highs but still packed with great value stocks – here’s 1 to consider</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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                                <title>Interest rates and the FTSE 100: how are markets affected?</title>
                <link>https://www.fool.co.uk/2025/09/18/interest-rates-and-the-ftse-100-how-are-markets-affected/</link>
                                <pubDate>Thu, 18 Sep 2025 20:29:46 +0000</pubDate>
                <dc:creator><![CDATA[Mark Hartley]]></dc:creator>
                		<category><![CDATA[Dividend Shares]]></category>
		<category><![CDATA[Investing Articles]]></category>

                <guid isPermaLink="false">https://www.fool.co.uk/?p=1577960</guid>
                                    <description><![CDATA[<p>Our writer takes a look at how global interest rate decisions are affecting the share prices of various stocks on the FTSE 100.</p>
<p>The post <a href="https://www.fool.co.uk/2025/09/18/interest-rates-and-the-ftse-100-how-are-markets-affected/">Interest rates and the FTSE 100: how are markets affected?</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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<p>Global markets shifted again this week as the US Federal Reserve cut interest rates by 25 basis points. The move wasn’t exactly unexpected, but it still sent ripples across the <strong>FTSE 100</strong>. While the Fed chose to ease, the Bank of England has made the decision to keep rates steady, creating a contrasting backdrop for UK-listed companies.</p>



<p>The effect was already visible in early morning trading on Thursday (18 September). Fashion retailers <strong>Next </strong>and <strong>JD Sports</strong> were among the biggest casualties, sliding 5% and 2%, respectively. With borrowing costs still relatively high in the UK, discretionary spending looks under pressure, which doesn’t help retailers relying on consumer confidence.</p>



<p><strong>Fresnillo </strong>also dipped after a run of strong gains, showing how sensitive commodities can be to interest rate expectations.</p>



<p>But it wasn’t all gloom. Some of the more defensive names surged ahead. <strong>RELX </strong>gained 3.5% in a single session, with <strong>Halma </strong>and <strong>Experian </strong>both climbing around 2%. These types of firms often attract investors looking for consistent revenue streams when markets feel uncertain.</p>



<p>That brings me to one stock I think is worth weighing up in the context of shifting interest rates: <strong>Intermediate Capital Group </strong>(<a class="tickerized-link" href="https://www.fool.co.uk/tickers/lse-icg/">LSE: ICG</a>).</p>


<div class="tmf-chart-singleseries" data-title="Icg Plc Price" data-ticker="LSE:ICG" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<h2 class="wp-block-heading" id="h-a-focus-on-private-markets">A focus on private markets</h2>



<p>ICG is a specialist asset manager that focuses on private markets. It provides both debt and equity capital, acting as an alternative to traditional banks. In simple terms, it helps companies raise money in ways they might not be able to through conventional lending. This business model benefits when global borrowing costs become more favourable, as capital can flow more freely into private markets.</p>



<p>The group has been enjoying strong fundraising levels and assets under management (AUM) growth. Revenue and earnings have consistently beaten expectations in recent quarters, which has helped support a share price already up 11.5% this year.</p>



<p>Despite that rise, the stock doesn’t look expensive compared to peers. With a forward <a href="https://www.fool.co.uk/investing-basics/how-to-value-shares/pe-ratio/" target="_blank" rel="noreferrer noopener">price-to-earnings</a> (P/E) ratio of around 14, it’s broadly in line with the industry average.</p>



<p>One of the group’s most appealing traits for income-focused investors is its dividend record. The <a href="https://www.fool.co.uk/investing-basics/how-to-value-shares/dividend-yield/" target="_blank" rel="noreferrer noopener">current yield</a> sits at 3.7% and the payout ratio is a modest 52.7%. Payments are well covered by earnings and the firm has delivered more than two decades of uninterrupted dividends.</p>



<p>That’s the sort of track record many FTSE 100 investors like to check out when thinking about steady income streams.</p>



<h2 class="wp-block-heading" id="h-my-verdict">My verdict</h2>



<p>Intermediate Capital Group is the type of globally diverse business that is typically well-positioned to benefit from favourable rate changes.</p>



<p>Still, there are risks worth considering. Because ICG’s business revolves around private markets, it’s inherently exposed to cycles in investor sentiment and credit availability. If conditions tighten or fundraising slows, growth could stall. There’s also the possibility that rising defaults or underperforming investments could pressure profitability.</p>



<p>Even with strong margins today, investors should weigh up the fact that past resilience doesn’t guarantee future stability.</p>



<p>Still, I think it’s an interesting stock to consider in the FTSE 100, particularly as it combines consistent dividends with the potential to benefit from looser global financial conditions.&nbsp;</p>



<p>With the Fed easing and the Bank of England holding steady, the tug of war in interest rates might just play into the hands of alternative asset managers.</p>
<p>The post <a href="https://www.fool.co.uk/2025/09/18/interest-rates-and-the-ftse-100-how-are-markets-affected/">Interest rates and the FTSE 100: how are markets affected?</a> appeared first on <a href="https://www.fool.co.uk">The Motley Fool UK</a>.</p>
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