Half-year results from RIT Capital Partners (RCP) and Rights and Issues (RIII) and updates from other investment companies including Gore Street Energy Storage, VH Global Energy Infrastructure, Foresight Solar and Syncona. Private equity props up RIT’s half year RIT Capital Partners (RCP) battled against the weak dollar to deliver a 3.4% investment return in the six […]
Three months after activist Saba Capital appeared with a 5.7% stake, the £445m infrastructure investor announces a package of shareholder-friendly measures. Utilico Emerging Markets (UEM), the £445m infrastructure and utilities investor in which activist Saba Capital recently emerged with a stake, is to bring forward its continuation vote as part of a new five-year performance-related […]
Board puts £164m mid-cap healthcare fund in play as a possible merger candidate after a difficult half-year adds to its performance woes. Bellevue Healthcare Trust (BBH) has announced a strategic review of its future options after posting another half-year of underperformance. In the six months to 31 May, net asset value (NAV) of the mid-cap […]
Update: Smithson, the £1.7bn global smaller companies trust, has begun to claw back some of the losses of the last four years, with fund manager Simon Barnard lifting the US to more than half of the portfolio. Smithson (SSON) has bought back over a third of its shares in the past three years as the […]
Our daily roundup includes results and updates from Tritax Big Box, Impax Environmental Markets and Target Healthcare. GRID signs last “floor” agreement Gresham House Energy Storage Fund (GRID) says the revenue “floor” deals it has arranged in the past month will increase the proportion of revenues it pays to insurers and counterparties from 6% to […]
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 […]
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 […]
Aquila European Renewables posts a 12.1% slump in net asset value a week after pausing its sale process, Hiren Dasani reunites with Ashoka founder Prashant Khemka from Goldman Sachs and Mobius says emerging markets could shine as US falters. Aquila assets plunge 12.1% in June quarter Aquila European Renewables (AERI), the winding-down company that “paused” […]
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 […]
Also, HgCapital reports flat first half with its valuation hit by volatile markets, Octopus Renewables’s net asset value dented by a writedown of its stake in a developer, Oakley Capital Investments announces £22m new investment, VH Global Energy Infrastructure switches on new asset in New South Wales and BlackRock Throgmorton and BlackRock Energy Resources Income […]
