News

05 Aug 2025

FCA fines Neil Woodford £5.9m for his fund’s 2019 collapse that left Patient Capital trust in the lurch

The Financial Conduct Authority bans former star fund manager from running retail funds or holding senior management roles in the City and imposes a £40m fine on his former business Woodford Investment Management. The £5.9m penalty for Woodford and a £40m fine for his former business Woodford Investment Management (WIM) comes six years after the […]

05 Aug 2025
woman with our back to us sits next to a near-empty desk gazing out of the window

Scottish American’s “Saints” offers “island of sanity” after making 1.1% return through the global tariff storm 

Scottish American (SAIN), the £866m global equity income investment trust managed by Baillie Gifford, has offered itself as an “island of sanity in the eye of the storm” after providing a positive half-year return during the market turmoil over US tariffs. The company, nick-named “Saints”, grew net asset value by 1.1% in the first six […]

05 Aug 2025
04 Aug 2025

Renewables: Pick-up in disposals could put wind back in sails of challenged TRIG, say analysts

The market was waiting for bad news from Renewables Infrastructure Group (TRIG) which in an unscheduled update unveiled a 4% first half drop in net asset value (NAV) on Friday following rival Greencoat UK Wind UKW) posting a 4.4% decline last Wednesday. Still there was plenty in the trading update, which preceded the release of […]

04 Aug 2025
01 Aug 2025

Talk of US demise after dollar slump is much exaggerated, says F&C’s Paul Niven

F&C fund manager says speculation about the end of American exceptionalism is wide of the mark as investment trust reports a flat first half after a comparatively tough time for both the US dollar and stockmarket. F&C (FCIT) made no headway at all in the first half of the year but the UK’s oldest investment […]

01 Aug 2025

Morning briefing: TRIG warns dividend cover “tight” and Third Point rebels gain 24% support

Also, Alliance Witan underperforms during a volatile first half, HydrogenOne Capital Growth changes name for its wind-down, Starwood European Real Estate Finance takes a second write-down on loans in Dublin and proxy vote adviser ISS backs Maven Renovar VCT in its fight with former fund manager. TRIG’s net asset value falls 4% Renewables Infrastructure Group […]

31 Jul 2025

Pantheon International plans advertising blitz to convince investors to buy undervalued private equity fund

“Marketing is key,” declares outgoing chair John Singer after another year in which the private equity fund’s share price has not reflected the performance of its portfolio. Pantheon International (PIN) is pinning its hopes on a marketing offensive to bring investors into the £1.5bn listed private equity fund after another year in which its share […]

31 Jul 2025

Chrysalis shares leap 10% as Starling bank becomes the fintech Engine for growth

Chrysalis (CHRY) has jumped to a three-year high after the growth capital fund underlined the strength of its recovery with a 13.7% second quarter increase driven by a dramatic 42% hike in the value of Starling bank. Shares in the £582m investment company, which invests in companies preparing to float on the stock market, leaped […]

31 Jul 2025

QuotedData’s morning briefing 31 July: SEIT, ASLI, HMSO, HSL, SGRO, RESI, PCA, MUT, AGVI, PMGR, OTV2 & TFG

SDCL Efficiency Income sells a small US asset at a big premium, hoping that impresses shareholders given the wide share price discount, but investors in Abrdn European Logistics have to stomach a loss on its disposal of a portfolio in Spain. SDCL Efficiency Income Trust (SEIT) has sold its convertible loan in ON Energy to […]