Update: Annual results from Law Debenture (LWDB) underline why the £1.5bn UK equity income trust won QuotedData’s long-term income award last year. The company today declared a final dividend of 10.375p per share to take the 2025 total to 35.5p, an above inflation rise of 6%, covered by revenues per share of 37.26p up more […]
NextEnergy Solar (NESF) has concluded its strategic review, deciding to go for a “reset” rather than a possibly value-destructive sale, with the 16%-yielder cutting its 8.4p dividend to 4p-4.6p per share to free up capital to repay debt, invest in growth and lift battery storage to 30% of gross assets. The shares slid 13% or […]
Pershing Square Holdings (PSH) fund manager Bill Ackman has revived plans to launch a Pershing Square USA closed-end fund on the New York Stock Exchange. A filing with the US Securities and Exchange Commission shows the shares will be sold at $50 and Ackman’s firm Pershing Square Capital Management has received investment commitments of $2.8bn. […]
NextEnergy Solar (NESF) has sold a 100MW UK portfolio to Atrato Onsite Energy for £46.2m. The sale, the fifth disposal in three years, completes NESF’s capital recycling programme which has raised £119m. It comes a day before an update to shareholders of its strategic review under the new chair, Tony Quinlan. NESF, which stands on […]
Update: The Association of Investment Companies (AIC) has called for “immediate action” from the Financial Conduct Authority (FCA) after Edinburgh Worldwide (EWI) announced a drastic 100% tender offer to end its 16-month battle with activist hedge fund Saba Capital. Last week, responding to a previous call from the AIC, the FCA announced it would look […]
Asian and European markets have rallied with the FTSE 100 rising 1.6%, or 165 points, to 10,415 after a swift reversal in yesterday’s oil price spike. From an intra-day high of $115 a barrel on Monday, Brent crude has dropped back to $92 in response to US president Donald Trump saying the war in Iran […]
HgCapital (HGT), the £1.8bn private equity investment trust hit by an “indiscriminate” sell-off in software stocks last month, has reasserted the quality of its business technology companies and its confidence in their ability to adapt to artificial intelligence. Announcing annual results for 2025, chair Jim Strang said shares in HGT, which invests in the private […]
European stock markets took another downwards lurch after Asian markets declined, with Japan’s Nikkei 225 slumping 5%, in response to Brent crude oil prices soaring 14% to $106 a barrel as the war in the Middle East showed no sign of ending. The FTSE 100, having dropped 5.7% last week following the launch by the […]
Mining fund managers Keith Watson and Robert Crayfourd have resigned from Manulife-owned CQS with Golden Prospect (GPM), the top-performing £108m precious metals investment company they run, serving protective notice against the investment group. Shares in GPM and CQS Natural Resources Growth and Income (CYN) and Geiger Counter (GCL), the two other London-listed closed-end funds they […]
Amedeo Air Four Plus (AA4), one of two remaining plane-leasing funds listed on the London Stock Exchange, soared nearly 28% on Friday after receiving a £143m cash bid from a Qatari bank. Lesha Bank, one of several bidders that emerged after a strategic review in 2024, has made a 73p per share cash offer that […]
