In QuotedData’s morning briefing 22 September 2021:
- JPMorgan Smaller Companies (JMI) has changed its name to JPMorgan UK Smaller Companies with effect from today. Shareholders are unaffected by the change of name and existing share certificates should be retained and will remain valid.
- The manager of Tufton Oceanic Assets (SHIP), Tufton Investment Management, has announced as part of the UN General Assembly and Climate Week NYC its commitments to align its funds to the Paris Agreement by fully transitioning them to zero carbon energy sources by 2050 and investing in zero carbon capable vessels before 2030. SHIP plans to invest approximately $1m per vessel in Energy Saving Devices over the next few years, which will increase efficiency and reduce emissions by approximately 10% and have expected returns above the company’s targets. The manager believes further retrofits enabling secondhand vessels to become capable of consuming zero carbon fuels are technically feasible and will increasingly become economically attractive over the next few years. It will continue to assess the suitability of SHIP’s vessels for such further retrofits in collaboration with leading charterers with strong decarbonisation targets.
We also have full-year results from Pacific Horizon.