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Today

River UK Micro Cap gains Anthony Cross and Hugh Sergeant as managers after re-appointing Liontrust

River UK Micro Cap (RMMC) has reappointed Liontrust as investment manager after securing the services of two of its best-known fund managers, Anthony Cross and Hugh Sergeant. RMMC had been expected to follow George Ensor and Mayan Uthayakumar who announced in July they were leaving Liontrust to join Jupiter Asset Management at the end of […]

Today

Shh! Silence Therapeutics is International Biotechnology’s ninth portfolio bid this year after Merck splashes $1.3bn

Silence Therapeutics, one of the few UK-based holdings of International Biotechnology Trust (IBT), has been acquired by German drugs giant Merck for $1.3bn cash. News of the agreed deal yesterday saw Silence’s US Nasdaq-listed shares soar 125%, or $10.90, to $19.58, just below the $20 shareholders will receive when the deal closes early next year. […]

Today

CT UK Capital and Income rebrands as CT Progressive Income to target inflation-beating dividends

CT UK Capital and Income has changed its name to CT Progressive Income (with an unchanged ticker of CTUK) as it looks to raise its profile with a new target of paying dividends ahead of inflation. The £327m, 3.7%-yielding investment trust is an Association of Investment Companies’ “dividend hero” having consistently increased its pay-outs each […]

Today

LondonMetric sells first Picton office as last year’s Urban acquisitions and new lettings lift rental income over 8%

LondonMetric Property (LMP) has exchanged on the sale of the first office it bought in the joint takeover of Picton Property Income with Schroder Real Estate (SREI) last month. The all-share bid brought in £307m of assets for LMP, 83% of which are in its core area of logistics warehouses, and £24m cash. In a […]

Today

Morning briefing: Montanaro European announces 5% tender; Golden Prospect to move to Main Market this month; LBOW cuts value of last two loans

Montanaro European Smaller Companies (MTE) has launched its third tender offer in 16 months, giving shareholders the opportunity to sell 5% of its shares back to the company at a 5% discount to net asset value (NAV). Shares in the £202m investment trust managed by George Cooke and Stefan Fischerfeier currently stand 8.7% below NAV. […]

19 Oct 2026

Primary Health Properties cuts debts with £500m cash from hospital partnership with Singapore’s GIC

Primary Health Properties (PHP) is to release £500m of cash for debt repayment after forging a joint venture (JV) with Singaporean sovereign wealth fund GIC. The 50-50 strategic partnership will invest in private hospital infrastructure with PHP serving as property and asset manager.  PHP will seed the JV with its portfolio of 27 private hospitals […]

19 Oct 2026

US Solar Fund grants mystery buyer another 30 days to complete due diligence and avoid complex “earn out”

US Solar Fund (USF) has given its potential buyer a second extension to complete due diligence on a portfolio whose 42 assets it has been assessing for five months. The £115m investment trust, whose portfolio was stabilised by Amber Infrastructure Group when it replaced New Energy Solar Manager as investment adviser in December 2023, said […]

19 Oct 2026

AVI Japan Opportunity lines up third 100% tender offer

AVI Japan Opportunity Trust (AJOT) has launched its third uncapped annual tender offer, giving shareholders a chance to sell all their shares at a 2% discount to the value of its investments if they wish. Given the shares currently stand around 2% below net asset value (NAV), there is likely to be limited demand for […]

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