Impax Environmental Markets (IEM) chair Glen Suarez has published an open letter to Saba boss Boaz Weinstein after his activist hedge fund refused to sell its 21% stake in a continuation tender offer, threatening the future of the £843m investment trust. In the letter Suarez says he was surprised to learn from Saba portfolio manager […]
The Renewables Infrastructure Group (TRIG) will present a “fulsome update on strategy” at a capital markets seminar in May, one month before shareholders vote in its first continuation vote at the annual general meeting in June. Announcing TRIG’s annual results, chair Richard Morse hoped this would “give investors the opportunity to support the company’s long-term future […]
Pantheon International (PIN), the £1.5bn private equity fund under pressure from activists Metage and Saba, is looking to improve performance by refocusing on its top 25 external managers. Following “detailed strategic analysis”, Pantheon continues to believe that private equity remains an attractive asset class but has decided a “significant reduction” is necessary in the number […]
Greencoat UK Wind (UKW) has promised to sell more assets, buy back more shares while reducing borrowing after another “challenging” year delivered a 4.9% loss to shareholders. However, in a sign of the conflicting pressures the £2bn alternative income fund is under as it faces another continuation vote in two months, the investment company said […]
Diageo (DGE), the struggling Guinness to Johnnie Walker drinks giant, has halved its dividend in a blow to equity income funds such as Nick Train’s Finsbury Growth & Income (FGT). New chief executive Dave Lewis said the £39bn company’s board had taken the difficult decision to reduce the pay-out in order to strengthen its balance […]
Augmentum Fintech (AUGM), the growth capital fund struggling on a 45% discount, has agreed a £185.7m cash bid from Norwegian buyout group Verdane of 111p per share and a 27% premium to yesterday’s closing price of 87.4p. Shares in the investment trust launched eight years ago to back start-ups looking to shake up financial services […]
Home REIT (HOME), the former homeless accommodation provider that is the subject of a fraud investigation by the police, has published its 2025 results. It says talks announced in November with Patron Capital over a possible £123m sale of 700 properties continue. During the year to 31 August, AEW, the fund manager in charge of […]
In another contraction for the investment company sector, Diverse Income (DIVI), the £278m UK equity income trust run by Premier Miton fund managers Gervais Williams and Martin Turner, will liquidate and offer shareholders a 100% cash exit and rollover into their open-ended Premier Miton UK Multi Cap Income fund. As reported by QuotedData earlier this […]
Unite (UTG), the student accommodation provider that completed the acquisition of rival Empiric last month, saw its shares slide 11% to 495p yesterday as annual results showed a further deterioration in bookings with 68% of rooms (excluding Empiric) sold for 2026/27 compared to 71% a year ago. Engagement with students had been positive in recent […]
Valhalla, the investment vehicle of Preqin founder Mark O’Hare (pictured), has increased its stake in HgCapital (HGT) from 7.2% to 8% as shares in the £1.9bn software focused private equity trust continue to struggle over concerns about the impact of artificial intelligence (AI) on its companies. Valhalla bought over 3.9m shares last Thursday to take […]
