Half-year results from 10%-yielding Foresight Solar, a first quarter update from Cordiant Digital Infrastructure, plus a new broker for North Atlantic Smaller Companies and share buying by the boss of Molten Ventures. Foresight Solar (FSFL) has received indicative offers from bidders for its Australian portfolio and will “carefully consider” whether to sell and return some […]
Private equity fund Pantheon International (PIN) has simplified the capital allocation policy funding share buybacks but disappointed those who hoped for a step-change in the battle to rerate its depressed share price. Ahead of a capital markets session in the City of London this afternoon to explain phase three of its three-year corporate strategy programme, […]
The auction of PRS Reit (PRSR) has taken an unexpected turn with the £575m rental properties fund accepting a £646.2m cash bid from pension fund manager Waypoint Asset Management. This is a surprise given last week’s statement that the board was in talks with private equity giant KKR. PRS shares jumped 6.1%, or 6.4p, to […]
Annual results from Janus Henderson flagship City of London and Supermarket Income, interims from AVI Japan Opportunity, BH Macro and M&G Global Credit Income, confirmation from Riverstone Energy that it has $250m to return to shareholders and a new co-manager at JPMorgan Global Growth & Income. Janus Henderson flagship City of London (CTY) beat the […]
Utilico Emerging Markets (UEM), the only emerging markets focused infrastructure fund listed in London, has convincingly passed the continuation vote it brought forward a year early as part of the series of shareholder-friendly initiatives announced last month. A total of 97.6% of proxy votes received before today’s annual general meeting approved an amendment to the […]
US Solar Fund (USF), a £120m renewables fund battling technical problems and a hostile policy environment under President Trump, has posted a surprise 3.2% gain in net asset value (NAV) and a 55% increase in its previously cut dividend target. The Amber managed fund, which has shed a third of its value in the past […]
Private equity fund Oakley Capital Investments makes a partial divestment from its stake in two education groups; Riverstone Energy accelerates its wind-down with the second big disposal in two days; Nippon Active Value’s activism keeps it ahead of the Japanese stock market; plus updates from RIT Capital Partners, Gresham House Energy Storage, Ground Rents Income […]
Finsbury Growth & Income (FGT), Nick Train’s struggling investment trust, has issued a public warning after fraudsters cloned its website and LinkedIn page in an attempt to trick people into taking out fictitious loans. In a statement on its website, the company said: “Finsbury Growth & Income Trust PLC (FGIT) has recently been made aware […]
UK smaller companies trust Strategic Equity Capital (SEC) is honouring a commitment made three years ago to offer investors a 100% exit. The £163m UK small-cap fund managed by Ken Wotton at Gresham House said it would hold a tender offer next month allowing shareholders to sell all their shares at a price close to […]
Poorly performing Octopus Titan VCT (OTV2) has cut its fund manager fee by 17% and slashed the notice it needs to give to terminate Octopus Investments’ contract from three years to 12 months. A further 20% fee rebate could be clawed back if the fund manager does not deliver a 5% annual target return after […]
