Shareholders in International Biotechnology Trust (IBT) can look forward to a 50% rise in this year’s dividends after an outstanding 12 months of performance. Including its semi-annual dividends, IBT delivered a total return to shareholders of 73.6% in the year to 31 August, smashing the 52.3% from the Nasdaq Biotechnology index, the fifth year in […]
BlackRock Greater Europe (BRGE) is to ramp up dividends, change its name and cut costs as the £488m investment trust strives to pull out of a five-year slump with the help of Benjamin Moore, the lead fund manager appointed earlier this year. The company will also offer a 25% exit in five years’ time with investors able […]
Supermarket Income (SUPR) has launched its second share offer of this year, aiming to raise £50m from a placing to institutions and an offer to retail investors. The £1.1bn company, which owns a £2.2bn portfolio of 140 stores in the UK and France, has six transactions involving 12 assets in its sights. These will cost […]
Shares in Gresham House Energy Storage (GRID) jumped over 6% today after the £540m battery fund unexpectedly put itself up for sale, whilst at the same time saying it would continue to “pursue” its growth plan. Just six weeks after formally rejecting a call from activist investor PrimeStone Capital to sell up and claiming a […]
Chrysalis (CHRY) has dismissed the relevance of a cut-price share sale by former Starling bank boss Anne Boden, adding £47.9m to the valuation of the digital challenger that now accounts for nearly two thirds of the portfolio in wind-down. Last month Sky News and the Sunday Times said that Starling founder Boden, who left the […]
JPMorgan American (JAM) co-portfolio manager Graham Spence will leave JPMorgan Asset Management in the first quarter of next year to pursue a new opportunity, having only joined the £1.9bn investment trust’s team in March last year. JAM’s large-cap value portfolio will continue to be run by Jack Caffrey, who has 24 years’ experience, and its […]
Neuberger Private Equity Partners (NBPE), the £562m co-investor in unquoted companies, has announced $146.5m (£109m) of disposals just over two weeks after activist Saba Capital disclosed a 5% stake in its heavily discounted shares. Three full and two partial sales of investments in September and October generated proceeds of $81m, 7% below their valuation at […]
Golden Prospect Precious Metals (GPM), the £76m mining fund where Baker Steel fund managers Mark Burridge and Trevor Steel took charge this month, has reminded shareholders of their annual right to subscribe for one new share for every five they own at 30 November. This year the price of the new shares is 101.35p. The […]
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 […]
Oakley Capital Investments (OCI) is to sell £272m (€313m) 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 Capital […]
