Shares in Gore Street Energy Storage (GSF) have jumped 6% after the £247m battery fund said it would hike dividends to return more capital to shareholders. In a strategy update, the investment company’s new chair Angus Gordon Lennox said GSF would lift its quarterly dividends to 1.75p per share a quarter with proceeds from asset […]
Impax Environmental Markets (IEM) has followed Edinburgh Worldwide (EWI) in formally launching its 100% tender offer, urging shareholders to vote for and use the exit at net asset value (NAV) to avoid become trapped in a fund controlled by 22.1% holder Saba. Saba, the US activist hedge fund that yesterday forced Edinburgh Worldwide to fall […]
Uranium fund Geiger Counter (GCL) has followed Golden Prospect Precious Metals (GPM) in serving protective notice against Manulife CQS Investment Management after fund managers Keith Watson and Robert Crayfourd handed in their notice earlier this month. Tritax Big Box REIT (BBOX) says the Ministry of Housing Communities and Local Government has delayed its planning consent […]
Primary Health Properties (PHP), the GP landlord transformed by the acquisition of rival Assura last year, said in annual results that it was “encouraged by the improving rental growth outlook” having achieved annualised growth rate of 3.4% on rent reviews in the first two months of this year compared to 3.2% in 2025. Chief executive […]
Edinburgh Worldwide (EWI) has repeated its call for shareholders to approve a 100% exit and to sell their shares in the ensuing tender offer, warning that Saba Capital is poised to seize control at next month’s annual general meeting. Explaining its decision last week to launch a 100% tender offer that is likely to bring […]
F&C (FCIT) investment trust will ask shareholder approval for a four-for-one share split at its annual general meeting next month in response to the long-term rise in the share price. The country’s oldest listed investment fund, launched 158 years ago in 1868, said quadrupling the number of F&C shares without altering shareholders’ total holdings, would […]
The waning influence of “Mag7” mega-cap US technology stocks saw Allianz Technology (ATT) outperform last year with the £1.9bn investment trust scoring a 24.7% underlying return versus the Dow Jones World Technology’s 20% advance, with shareholders doing even better with 25.8% as the share price discount narrowed. ATT, in which activist hedge fund Saba Capital […]
Scottish Mortgage Trust (SMT) is seeking shareholder approval for an extra £250m capacity to invest in unquoted companies after SpaceX’s doubling in value late last year and share buybacks pushed its private equity holdings to 37% last month, well above a 30% cap. The additional capacity, equivalent to 1.7% of the £15.2bn total assets held […]
Martin Gilbert’s River Global (RVRG) fund manager agrees to a £9.7m all-share acquisition by Liontrust Asset Management (LIO), with its £2.7bn assets under management set to lift Liontrust’s to £24.4bn. The deal will expand Liontrust’s investment company range with India Capital Growth (IGC), River UK Micro Cap (RMMC) and European Opportunities Trust (EOT) joining the […]
Fidelity Emerging Markets (FEML) is on a roll with a half-year total underlying return of 35.5% that smashed its benchmark and extends the three years of outperformance it reported at annual results in October. For the six months to 31 December, shareholders enjoyed a 38.9% total return as the shares narrowed their gap, or discount, […]
