News

21 Aug 2025
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Morning briefing: NextEnergy Solar passes continuation vote, sees NAV fall; Pershing Square sparkles; Pacific Assets manager quits; plus GOT, BIOG, PHP, TFIF

NextEnergy Solar sees over 12% of shares vote for a wind-up and reports another valuation fall; Bill Ackman’s Pershing Square hedge fund reports strong half-year results, as does Sandy Nairn’s Global Opportunities Trust; while Pacific Assets fund manager David Gait resigns; plus updates from Biotech Growth, Primary Health Properties and TwentyFour Income Fund. NextEnergy Solar […]

20 Aug 2025
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Scottish Mortgage AI holding Databricks soars 60% to $100bn valuation in nine months

Baillie Gifford investment trusts Scottish Mortgage, Schiehallion and Baillie Gifford US Growth have made a 60% gain on Databricks, one of their artificial intelligence (AI) investments, in just nine months. The San Francisco company – which accounts for 0.8% of the £14.6bn Scottish Mortgage (SMT) portfolio, 2.6% of £1.1bn private equity fund Schiehallion (MNTN) and […]

20 Aug 2025

Temple Bar buys Korean banks and Smith & Nephew as it looks to keep trouncing FTSE All-Share index

Temple Bar (TMPL) has held its top spot in the UK Equity Income sector after generating a total 14.2% investment return in the first half of the year to beat the 9.1% gain in the FTSE All-Share index. A bid for Direct Line and other successful value-style stock picks of Redwheel fund managers Ian Lance […]

20 Aug 2025

Inflation rise to 3.8% is headache for chancellor but positive for struggling infrastructure funds

A higher-than-expected rise in inflation to 3.8% last month intensifies the pressure on the chancellor ahead of her autumn budget, but alleviates some of the stress on over-sold infrastructure funds. The annual rate of growth in the consumer prices index (CPI) jumped from 3.6% in June, the Office for National Statistics said today, its highest […]

20 Aug 2025

Morning briefing: Panel prepares Warehouse REIT auction; plus TMPL, BFSP, AWEM, AEI, LMP, GRIT

Takeover Panel says it will hold an auction for Warehouse REIT next week; top-performing Temple Bar publishes strong half-year results; plus updates from Blackfinch Spring VCT, Ashoka Whiteoak Emerging Markets and dividends from Aberdeen Equity Income and LondonMetric Property. The Takeover Panel says it will hold an auction for Warehouse REIT (WHR) if neither Blackstone […]

19 Aug 2025

China’s “anti-involution” drive extends BlackRock World Mining rally with shares up 20% in three months

An anti-deflation campaign in China helped steer BlackRock World Mining (BRWM) to its third monthly gain in a row in July. The £1bn flagship BlackRock trust said the mining sector had reacted positively to Beijing announcing an “anti-involution” push to take out surplus capacity in loss-making industries. Last month its net asset value rose (NAV) […]

19 Aug 2025

Lindsell Train: LSE and Nintendo payouts should “grow materially” and help trust’s cut dividend

Payouts from London Stock Exchange Group and Japan’s video gaming giant are set to grow and alleviate the dividend pressure on Lindsell Train investment trust, says co-manager Michael Lindsell. Lindsell Train (LTI), the highest-yielding global equity investment trust, has reassured shareholders that pressure on its dividend from the decline in Nick Train and Michael Lindsell’s […]

19 Aug 2025

Morning briefing: Outages and power price falls knock Bluefield Solar; plus CORD, AGR, RTW, VNH, BRFI, APAX, ASLI, CGEO, CIC

Bluefield Solar Income has a new chair and says net asset value fell 4.26% in the last quarter; Cordiant Digital Infrastructure amends its investment management agreement; Assura chair steps down ahead of the PHP takeover; plus updates from RTW Biotech, Vietnam Holding and BlackRock Frontiers. Bluefield Solar Income Fund (BSIF) announces a new chair and […]

18 Aug 2025

WPP warning takes some of the shine off a strong July for top-performing Temple Bar

Temple Bar (TMPL), the best performing UK equity income trust over one and five years, notched up another 3.5% of investment gains last month as the UK stock market rallied on the back of tariff agreements between the US and the EU and Japan. The underlying gain in the investment trust’s net asset value backed […]

18 Aug 2025

US investors pump $15bn into cheap UK shares, says Schroders

US investors have bought more than $15bn (£11bn) of UK equities this year, more than they have allocated to other overseas markets, according to analysis by Schroders that could bode well for undervalued shares in investment trusts. “We are currently seeing increased interest in UK companies from our US and international investors, with many noting […]