News

15 Jul 2025

Nick Train buys Auto Trader on hope UK can rally in AI boom

Finsbury Growth & Income fund manager has used cash from the recent buyout of Hargreaves Lansdown to acquire shares in Auto Trader. Finsbury Growth & Income (FGT) fund manager Nick Train has used cash from this year’s £5.4bn private equity bid for former holding Hargreaves Lansdown to buy a new position in Auto Trader (AUTO), […]

15 Jul 2025
a woman reading an e-reader as sun shines through a window

QuotedData’s morning briefing 15 July: KCR, SEQI & RECI

KCR Residential Reit board directors survive an attempt to oust them and debt fund Sequoia Economic Infrastructure Income Fund says tariff pressures eased last month. KCR Residential Reit (KCR) says resolutions to replace all its board directors were soundly defeated at yesterday’s annual general meeting with the support of Torchlight Fund, which holds a 55.4% […]

14 Jul 2025

AVI Global says South Korea could be “next Japan” as new government excites investors with reform

Top-performing AVI Global Trust allocates 3% of its assets into South Korea just as Weiss Korea Opportunity Fund gives up on a cheap market that has so far not dispelled concerns about poor corporate governance. AVI Global (AGT), whose bargain-hunting investments have propelled it to the top of the Global sector over five years, has […]

14 Jul 2025
14 Jul 2025

QuotedData’s morning briefing 14 July: GSF, SUPR, PHP, API, BSRT, DORE & FAIR

Gore Street Energy Storage has raised $84m (£62m) from selling US investment tax credits following latest transaction at “Big Rock” in California; Supermarket Income spends £54m on a Kent Tesco store, its first acquisition with money raised from the Blue Owl funds partnership in April; plus bid news from Primary Health Properties and Downing Renewables […]

11 Jul 2025

‘Excited’ Polar Capital Technology delivers 537% over 10 years but warns upside ‘limited’ in short term

Polar Capital Technology (PCT) has rebounded strongly from a “challenging” year in which a Trump market rally turned sour and the launch of China’s DeepSeek threatened to eclipse US dominance in artificial intelligence. Despite this its fund managers say AI is the most “exciting” market they have ever seen.  Annual results today showed the investment trust’s […]

11 Jul 2025

Morning briefing 11 July: ASLI, SERE, CREI, INOV, CGEO

Abrdn European Logistics Income sells over £57m of properties in its managed wind-down and promises a return of capital next month once further disposals are made. Plus news from Schroder European Real Estate, Custodian Property Income, Georgia Capital and a reminder from Schroders Capital Global Innovation of this month’s £37m tender offer.

11 Jul 2025

Warehouse REIT switches recommendation back to Blackstone after US alts group tops Tritax bid

Update: We’re in ping pong territory in the bid battle for Warehouse REIT (WHR) after Blackstone yesterday trumped a rival offer from Tritax Big Box for the logistics fund, prompting its board this morning to swing its recommendation back to the US alts group. Blackstone, which first approached Warehouse in March, has upped its cash […]

10 Jul 2025

TRIG welcomes government’s rejection of zonal power pricing but urges speedy grid reform

The Renewables Infrastructure Group (TRIG) has welcomed the government’s decision not to introduce zonal energy pricing but called on ministers to speed up “pressing” reform of a national electricity grid clogged by delays and a lack of capacity.  “With zonal’s shadow lifted, policymakers must now turn their focus squarely onto grid reform to unlock infrastructure […]

10 Jul 2025

Ruffer takes profits on equities and precious metals as Trump pivots to run US ‘hot’

Ruffer (RICA) has bolstered its defences against a summer sell-off, adding more equity put options to lock in gains should concern over US debts and President Trump’s animosity to Federal Reserve chair Jay Powell boil over.  “Trump is accelerating his campaign against the Federal Reserve under chair Jay Powell and its failure – in his […]