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 […]
UK’s biggest online share dealing platform overhauls its charges; Gore Street Energy Storage appoints two more directors; and high-yielding CVC Income & Growth maintains the dividend target of its sterling and euro shares. Hargreaves Lansdown has overhauled its fees and charges. The UK’s biggest online share dealing platform cut its annual platform charge from 0.45% […]
The sterling shares of BH Macro (BHMG) spiked at the end of trading on Monday after Brevan Howard, manager of the £1.3bn London-listed hedge fund, said it was in the process of launching a new private fund that could buy its discounted shares. Having edged slightly higher, the share price rose nearly 2% from 406p […]
Activist Lakestreet Capital has won the battle for Palace Capital (PCA), with the founder and chairman of the Swiss firm both joining the board of the £42m property investment company reaching the end of a three-and-a-half year wind-down. Their arrival was announced with news on Friday that Palace Capital’s two board directors, executive chair Steven […]
Impax Environmental Markets (IEM) publishes the circular for its proposed 100% continuation tender offer to get Saba Capital to sell its 20.7% stake close to asset value and leave the unique listed fund for shareholders who want to remain invested. The tender requires over 75% of votes cast at a general meeting on 23 February. […]
Baillie Gifford US Growth (USA) has defended its decision to almost halve its investment in SpaceX shortly before the valuation of Elon Musk’s rocket company doubled to $800bn last month. In interim results for the six months to 30 November, chair Tom Burnet said “the position had grown to represent more than 10% of the […]
