Shares in Syncona (SYNC) got a much-needed boost in the half year to 30 September as stake building by activist Saba and progress by the fund’s life sciences companies raised hopes that a £250m return of capital can be achieved. Interim results showed the share price leaped 39.9% to 123.8p at the end of September, […]
Henderson Far East Income (HFEL), the highest yielding investment trust in the AIC Asia Pacific Equity Income sector and its worst performer, has raised its dividend for a 19th consecutive year and added more to technology holdings where it has been underweight. In the year to 31 August the £589m 10%-yielder paid total dividends of […]
Montanaro UK Smaller Companies (MTU) has rewarded the patience of its shareholders with a strong first half result. Against a difficult backdrop of high energy prices and rising interest rates, the stock picks of fund managers Charles and Adam Montanaro achieved a total rise in net asset value (NAV) of 22.6% including dividends in the […]
Nvidia shares, a number one holding in the Allianz, Manchester & London and Polar Capital investment trusts, plunged 13% this afternoon after the resignation of chief executive Jensen Huang. Huang’s position had already looked vulnerable on Monday after the revelation that he had an affair with a woman who US intelligence believed was a Chinese […]
Schroder Oriental Income (SOI) has consolidated its position at the top of the Asia Pacific Equity Income sector with an impressive 51.7% investment return in the year to 31 August. This was a strong result that beat the 43.9% return of the MSCI AC Pacific ex-Japan index and reflected fund manager Richard Sennitt’s stock picking […]
AVI Global Trust (AGT) endured a “frustrating” year to 30 September with strong gains in South Korea and Japan largely offset by weaker results elsewhere, particularly in holding company Vivendi and investment company Chrysalis. South Korea, where AGT invests 21% of its assets, generated a 44% return, helped by the 94% gain on Samsung C&T, […]
3i Group (III) has announced a second £750m share buyback programme to immediately follow the first one launched in May which expires today. The £26bn private equity company said the new programme of buybacks would complete by 31 May and will purchase a maximum of 83.3m shares to use up its annual authority approved by […]
Templeton Emerging Markets (TEM) is seeking shareholder approval to lift the current 12% cap on single stocks to the higher of 12% of total assets or four percentage points above a company’s weighting in TEM’s MSCI Emerging Markets index benchmark, subject to an absolute maximum of 25%. The request has been triggered by the rise […]
Schroder Income Growth (SCF) has dipped into revenue reserves for a fourth year in succession to maintain its “dividend hero” status and achieve 31 consecutive rises in the annual pay-out to shareholders. Full-year results yesterday showed quarterly dividends rose 4.1% to 15.3p per share but in what continues to be a “challenging” environment for investment […]
Temple Bar (TMPL) had a good October, outperforming the FTSE All-Share’s 1.1% rise with a 4% increase in net asset value as UK equities benefited from a broadening in global markets in response to mounting concerns over sustainability of expenditure on artificial intelligence. Shares in the £1.3bn UK equity income trust rose 3.4% taking their […]
