Greencoat UK Wind (UKW), the only renewables fund linking dividends to the retail prices index (RPI), has switched its payouts to the lower CPI inflation measure after the government changed its indexation policy towards the sector. This is a response to yesterday’s announcement by the Department for Energy Security and Net Zero that it would […]
3i Group (III) shares hit a two-month high after relieved investors welcomed news of a positive start to the year for Action, the European discount retailer that accounts for over two thirds of the private equity giant’s portfolio. Shares in the FTSE 100 firm jumped 10.5%, or 331p, to £34.78, clawing back over a third […]
Patria Private Equity (PPET) achieved its best underlying performance in three years in the 12 months to 30 September, annual results show. The £941m investment trust generated a total net asset value return of 10.6% from its holdings in private equity funds and stakes in unquoted companies. That was ahead of the modest 5.4% and […]
Saba Capital turns its attention to Henderson Smaller Companies (HSL) with the activist doubling its stake to 10.2%. Its trade on Monday saw the hedge fund buy shares as well as swaps to increase its position in the £538m investment trust standing on an 8% discount. That was two days before yesterday’s half-year results. HarbourVest […]
Shares in listed renewables funds rose today after the government announced it would take the least damaging option in changing the inflation link in its incentive payments. Publishing its response to the indexation consultation it launched in November, the Department for Energy Security and Net Zero said it had opted for a simple, immediate switch […]
British Land (BLND), the £4bn, FTSE 100 real estate investment trust has made a recommended cash and share bid for Life Science REIT (LABS) agreeing to pay 14.1p per share in cash and 0.07 of its shares in a deal that values the beleaguered property fund at £150m. It means LABS shareholders will receive around […]
BlackRock Income & Growth (BRIG) fund managers have corrected their underweight to aerospace and defence stocks after this was a main factor in the £43m investment trust underperforming in the year to 30 October. Annual results showed an underlying investment return of 14.3% against the 22.5% total return from the FTSE All-Share index. The latest […]
The showdown between Abrdn European Logistics Income (ASLI) and DL Invest Group, its largest shareholder, will take place in London on 20 February. DL has tabled resolutions to have itself appointed fund manager and the company’s wind-down stopped. ASLI, which has published a circular for the meeting, urges shareholders to vote against DL saying the wind-down […]
Ground Rents Income (GRIO) sank to an all-time low today after the prime minister set a £250 limit on the annual charge that leaseholders pay freeholders. The cap is part of major changes to home ownership published by the government in a draft Leasehold and Commonhold Reform Bill. Schroders-managed GRIO, which invests in ground rents, […]
Ruffer (RICA), the £909m “all-weather” multi-asset fund, recovered its stride in the second half of last year as “significantly lower volatility” in world markets helped it overcome its underperformance in the first six months of 2025. The investment company, whose assets are run by Ruffer fund managers Alexander Chartres, Jasmine Yeo and Ian Rees, made […]
