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City Natural Resources “delighted” with 87% annual return and says there’s a “supportive backdrop” for more gains

City Natural Resources Growth & Income (CYN) has published a stunning annual return of 87% with its fund managers upbeat about prospects after reuniting with the £156m investment trust after a six-month absence. Keith Watson and Robert Crayfourd’s defection from CQS Manulife in March and their arrival at Tufton in September prompted the trust to […]

Today

Oakley Capital Investments shares rise on £257m disposal and early talks to sell top holding in testing group Phenna

Oakley Capital Investments (OCI) is to sell £272m (313m euro) of stakes in five Oakley Capital private equity funds while its fund manager is in early talks to sell Phenna, the UK testing group that accounts for 13% of the investment company’s assets. The sale of interests in Oakley Capital Funds IV, V, VI, Oakley […]

Today

Morning briefing: New Star lost investment trust status for two years; Schroder BSI Social Impact says fund manager working on a buyout

New Star International (NSI), the £99m investment trust whose majority 59% shareholder is John Duffield, has made a £340,000 capital gains tax (CGT) provision after losing its investment trust status for two years. The company, which the former New Star Asset Management boss Duffield founded in 2000 to look after his family’s wealth, said it […]

Today

Investors’ Choice Awards: “Best alternatives” contender Cordiant Digital Infrastructure wins big contract in Poland

Cordiant Digital Infrastructure (CORD) has announced plans to change its name to Corilis Digital Infrastructure, but for investors mulling over which investment company to vote for in QuotedData’s annual awards, there was bigger news earlier this month. Emitel, the Polish broadcasting and telecoms platform that is CORD’s largest business at 46% of net asset value […]

28 Oct 2026

Budget 2026: Goodbye to Lifetime ISAs as Healey appeals to savers, new investors and first-time buyers with four reforms

The government announced a flurry of ISA initiatives which, while doing nothing to simplify the rules around individual savings accounts, allowed the chancellor to claim he was helping savers. In a u-turn that frustrated some ISA providers that had prepared for a cut in the cash ISA allowance announced by his predecessor Rachel Reeves a […]

28 Oct 2026

Budget 2026: OBR gives chancellor narrow “breathing space” after he kicks the can and hits banks and landlords with tax rises

The Office for Budget Responsibility (OBR) has given the chancellor his own “breathing space” after forecasting that his budget will be in surplus by £15bn by 2029-30. In his first budget speech, chancellor John Healey announced a string of measures to help those struggling with the costs of living, including a £100 payment for 20m […]

28 Oct 2026

One down, four to go: JEMI, JPMorgan’s other emerging markets trust, generates a 38% return in the AI boom

JPMorgan Emerging Markets Dividend Income (JEMI) has made a good start to its five-year performance review, delivering a 38% investment return in the year to 31 July. This beat the 34.2% return from the MSCI Emerging Markets index and is just the outperformance the £510m trust needs to achieve to avoid holding a 25% tender […]

28 Oct 2026

Morning briefing: Baillie Gifford Japan offers 25% exit in 2029 if trust doesn’t start to outperform; AEW UK REIT says NCP buyer has retained its York site; Molten Ventures adds £10m to buybacks after strong first half

Baillie Gifford Japan (BGFD), the worst performer in its sector over one, three, five and ten years, has introduced a conditional tender offer, offering shareholders a 25% exit in three years’ time if performance does not improve. Up to a quarter of shares in the £688m investment trust will be eligible for repurchase at a […]

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