Tritax Big Box declares its cash and shares offer for Warehouse REIT final, which means victory for Blackstone’s improved and recommended 115p per share cash offer. Middlefield Canadian Income finalises plans for its conversion to an exchange-traded fund and suspended Home Reit renegotiates the contract with its wind-down fund manager AEW. Tritax Big Box (BBOX) […]
Shares in NextEnergy Solar (NESF) have tumbled nearly 5% after the high-yielding renewables fund disclosed another quarterly fall in net asset value (NAV) that pushed its level of borrowing close to a 50% cap that analysts said could restrict its room for manoeuvre. A valuation decline for the three months to 30 June was expected […]
Update of yesterday’s story: RM Funds calls on the chair of £308m battery fund to resign after 30% of votes at yesterday’s general meeting supported its attempt to shake up the board. Gore Street Energy Storage (GSF) has pledged to make two changes to its board after the battery fund survived a serious challenge at […]
NextEnergy Solar sees over 12% of shares vote for a wind-up and reports another valuation fall; Bill Ackman’s Pershing Square hedge fund reports strong half-year results, as does Sandy Nairn’s Global Opportunities Trust; while Pacific Assets fund manager David Gait resigns; plus updates from Biotech Growth, Primary Health Properties and TwentyFour Income Fund. NextEnergy Solar […]
Baillie Gifford investment trusts Scottish Mortgage, Schiehallion and Baillie Gifford US Growth have made a 60% gain on Databricks, one of their artificial intelligence (AI) investments, in just nine months. The San Francisco company – which accounts for 0.8% of the £14.6bn Scottish Mortgage (SMT) portfolio, 2.6% of £1.1bn private equity fund Schiehallion (MNTN) and […]
Temple Bar (TMPL) has held its top spot in the UK Equity Income sector after generating a total 14.2% investment return in the first half of the year to beat the 9.1% gain in the FTSE All-Share index. A bid for Direct Line and other successful value-style stock picks of Redwheel fund managers Ian Lance […]
A higher-than-expected rise in inflation to 3.8% last month intensifies the pressure on the chancellor ahead of her autumn budget, but alleviates some of the stress on over-sold infrastructure funds. The annual rate of growth in the consumer prices index (CPI) jumped from 3.6% in June, the Office for National Statistics said today, its highest […]
Takeover Panel says it will hold an auction for Warehouse REIT next week; top-performing Temple Bar publishes strong half-year results; plus updates from Blackfinch Spring VCT, Ashoka Whiteoak Emerging Markets and dividends from Aberdeen Equity Income and LondonMetric Property. The Takeover Panel says it will hold an auction for Warehouse REIT (WHR) if neither Blackstone […]
An anti-deflation campaign in China helped steer BlackRock World Mining (BRWM) to its third monthly gain in a row in July. The £1bn flagship BlackRock trust said the mining sector had reacted positively to Beijing announcing an “anti-involution” push to take out surplus capacity in loss-making industries. Last month its net asset value rose (NAV) […]
Payouts from London Stock Exchange Group and Japan’s video gaming giant are set to grow and alleviate the dividend pressure on Lindsell Train investment trust, says co-manager Michael Lindsell. Lindsell Train (LTI), the highest-yielding global equity investment trust, has reassured shareholders that pressure on its dividend from the decline in Nick Train and Michael Lindsell’s […]
