Petershill Partners prepares to delist after four unsuccessful years on the UK stock market while India Capital Growth, Dunedin Income Growth, Pantheon Infrastructure, NB Private Equity and Aurora UK Alpha issue half-year results and Picton Property completes the sale of its largest office. Petershill Partners (PHLL) shares jump 33% after the £2.5bn Goldman Sachs fund […]
Manchester and London (MNL), the tech-laden global fund spectacularly riding the artificial intelligence (AI) boom, has halted share buybacks and share purchases by insiders in an effort to preserve its investment trust status and avoid a damaging tax bill. In its annual report issued yesterday evening the £331m company said the free float of shares […]
Target Healthcare (THRL), the £583m care home investor whose shares trailed on a 22% discount, has sold nine properties for £85.9m at an 11.6% premium to their 30 June valuation. Kenneth MacKenzie, chief executive of Target Fund Managers, which runs the £712m portfolio, hailed it as “landmark” deal, the largest disposal in the real estate investment […]
3i Group (III), the £39bn private equity giant, says weaker consumer spending in France and Germany combined with strikes in France have weighed on Action, the European discount retailer that accounts for around two thirds of its assets, but that its private equity and infrastructure portfolios are “performing resiliently against a subdued macroeconomic environment”. While […]
The Association of Investment Companies has again appealed to the government to amend its pension schemes bill in the House of Lords as time runs out to prevent the exclusion of London-listed closed-end funds. The bill, which has passed through the House of Commons, will give the government power to compel pension schemes to invest […]
(Updated with our comment) Gresham House Energy Storage (GRID) will only pay a minimum dividend of 0.11p per share next month as it focuses on investment in growth and upgrades to its battery portfolio. In half-year results today, the £412m investment trust said it would resume dividend payments that were suspended last year in response […]
A 100 for 1 share split at Lindsell Train, half-year results from Baillie Gifford China Growth and North American Income, update from HarbourVest Global Private Equity and a fund raise from Yellow Cake, the uranium investor. Lindsell Train (LTI) investment trust has implemented the 100 for 1 share split announced at its annual results in […]
RM Funds has said it will call another extraordinary general meeting of Gore Street Energy Storage (GSF) shareholders if the company does not improve levels of disclosure. Responding to last week’s annual general meeting when the company acknowledged that an estimated £5m of annual payments to fund manager Gore Street Capital had not been disclosed, […]
Spencer Adair, lead fund manager of Monks (MNKS) investment trust since 2021, will retire after 26 years with investment group Baillie Gifford next March. Although his four years at the helm of the £2.5bn global fund have been tough with the group’s growth style falling out of favour, the shares have recently surpassed their 2021 […]
A partial recovery in the share price of Great Portland Estates (GPE) this month may bolster the morale of BlackRock fund managers struggling against continued outflows from the UK stock market and unjustifiable slides in some of their favoured holdings. Fears of sticky inflation and a yawning budget deficit over the summer put most property […]
