GCP Infrastructure reduces its debts with the settlement of an audit dispute and International Public Partnerships declares its first ever quarterly dividend. GCP Infrastructure (GCP) has settled a contractual dispute relating to the audits of the accreditation of a solar portfolio under the renewables obligation certification regime. Terms are confidential but the £667m company will […]
Investors holding more than two thirds of Schroders Capital Global Innovation applied to sell their shares in this month’s tender offer. The £37m tender offer of Schroders Capital Global Innovation (INOV) was oversubscribed by more than three times as investors leaped at the chance to exit the former Woodford Patient Capital Trust at asset value. […]
Update: Third Point Investors reverses yesterday’s gains as shareholders owning 14% of the hedge fund, including Asset Value Investors and Evelyn Partners, join forces to oppose its transformation plan. Angry investors holding 14% of Third Point Investors (TPOU) have formed an action group to oppose the hedge fund’s controversial plan to transform itself into a […]
Peter Spiller, lead manager of Capital Gearing Trust (CGT), has warned of the increasing risk of a gilt market crisis to force the UK government to curb spending. Labour’s recent failure to pass proposed cuts in personal independence benefit payments is a blow to the prime minister and chancellor’s plan to free up investment spending […]
Caledonia Investments confirms its 10-for-one share split will take place tomorrow and Cordiant Digital Infrastructure shares part of its Datacenter investment with a sister fund. Plus updates from AEW UK REIT, Onward Opportunities and GCP Asset Backed Income. Caledonia Investments (CLDN) confirms its 10-for-one share split will take place tomorrow. Cordiant Digital Infrastructure (CORD) confirms […]
Brunner (BUT) fund managers have apologised after UnitedHealth, the US insurer that was their second biggest holding eight months ago, crashed on fears of a Trump clampdown on the business. Shares in UnitedHealth (UNH.O) have plunged 43% this year, prompting Julian Bishop and Christian Schneider of Allianz Global Investors to dump what had been a […]
Global technology trust saw costs surge in the first half of the year as a result of the attempt to seize control of its board by activist hedge fund Saba Capital. Herald (HRI) investment trust spent nearly £750,000 defending itself against the attempted takeover by Saba Capital earlier this year, interim results show. Administrative expenses […]
CT Global Managed Portfolio cuts its management fee to boost marketing ahead of the retirement of fund manager Peter Hewitt, and activists raise their stakes in Schroder British Opportunities and Gore Street Energy Storage. CT Global Managed Portfolio Trust, which has separate growth (CMPG) and income (CMPI) portfolios, has negotiated a £135,000 cut in its […]
INPP, a £2.3bn London-listed infrastructure fund, promises good risk-adjusted returns for shareholders from its co-investment with the UK government in the nuclear plant construction project in Suffolk. The ability of London-listed investment companies to back projects of national importance was underlined today when International Public Partnerships (INPP) announced a £250m investment in Sizewell C, a […]
ICG Enterprise nets £22m from the sale of VR software provider Datasite and European Smaller Companies, International Biotechnology, Mobius and Vietnam Holding all report good gains for June. ICG Enterprise Trust (ICGT) has sold its co-investment in Datasite, a software provider focused on virtual data rooms that at 31 January was its fourth largest company exposure […]
