The amount savers under 65 can put into cash ISAs will be slashed from £20,000 to £12,000 as the chancellor tries to revive the UK stock market after a five-year investor exodus. Although the overall £20,000 ISA allowance will remain, Rachel Reeves said from April 2027 £8,000 of that must go into a stocks and […]
The Office for Budget Responsibility has published details of the Budget early. In an extraordinary development, minutes before the chancellor’s speech, the Budget watchdog revealed the government’s plans to: The OBR also lifted its inflation forecast from 2.1% to 2.5% next year. The pound rose in anticipation that interest rates will not be cut as […]
Alarm bells are not ringing yet for Edinburgh (EDIN) shareholders but the £1.1bn UK equity income investment trust has just recorded its second period of underperformance under fund managers Imran Sattar and Emily Barnard. Their underweight to banks, the absence of Rolls-Royce‘s (RR) stunning recovery from the portfolio and the unexciting performance of Haleon (HLN), the Sensodyne toothpaste to […]
NextEnergy Solar (NESF), the highest yielding but in share price terms one of the worst performing renewables funds, has appointed a new chair with mergers and acquisitions experience, raising the possibility the company may look for a buyer. Tony Quinlan, a former chief executive of Laird who sold the engineer to private equity group Advent […]
Polar Capital Global Healthcare (PCGH) has received a massive endorsement from shareholders and will proceed to the next stage of its journey after less than a quarter of shares were tendered in the company’s 100% exit. Shareholders were free to sell all their stakes in the £508m investment trust’s tender offer but only 22.5% did […]
GCP Asset Backed Income (GABI), the £147m debt fund in wind-down since July last year, will return £33.5m to shareholders through a third compulsory partial redemption of shares. The price per share will reflect their net asset value of 79.79p at 30 June minus costs. Payment is expected in December. US Solar Fund (USF) said […]
AVI Japan Opportunity (AJOT) fund manager Asset Value Investors (AVI) has sold 1m shares in the £226m investment trust shortly before it expands from the takeover of Fidelity Japan (FJV). Since launching the small-cap activist fund seven years ago, AVI has invested at least a quarter of its annual management fee into AJOT shares, building […]
CG Asset Management has gained the support of stockbroker Albert E Sharp and Hawksmoor Investment Management for its campaign against the proposed merger of HICL Infrastructure (HICL) and Renewables Infrastructure Group (TRIG), for which it has launched a dedicated website. CGAM says the concernedhiclshareholders website is designed to be a forum for shareholders to share their views and to encourage HICL investors […]
Montanaro UK Smaller Companies (MTU) fund manager Charles Montanaro says the “value” headwinds blowing against the company’s quality growth style and depressing its returns won’t last forever. The question is, can the 30-year-old investment trust afford to wait for a revival in its founder’s tried-and-tested approach to stock picking? MTU’s long-term performance is highly impressive. […]
Strong half-year results from Cordiant Digital Infrastructure; Seraphim Space pauses for breath in its first quarter after previous valuation hikes; Caledonia Investments breaks down a 4.4% return six-month return; Molten Ventures is on a roll; Macau Property Opportunities will close its emergency fund raise tomorrow; and Premier Miton Global Renewables shares are temporarily suspended. Cordiant […]
