With the recent flood of good news on GCSE and A level results, it is easy to forget that there are many young people who are being let down by our education system. Needs improvement Every year, it is estimated that 200,000 children leave primary school at 11 unable to read or write to the […]
Shock reversal in Acorn plans – Acorn’s board has, this morning, made the following announcement: “Further to the Company’s announcement on 17 May 2021, where the Board of the Company announced proposals to recommend the appointment of BMO Global Asset Management to manage the Company under a new Sustainable Global Equity Income investment strategy (the […]
In QuotedData’s morning briefing 12 August 2021: Riverstone Credit Opportunities (RCOI) says its end June NAV was $1.03, unchanged from end December 2020. It has declared dividends totalling 3.5 cents for the first six months of the year. It concluded four deals over the first half of 2021, two of which – a water infrastructure company (Blackbuck […]
New threat to Berlin landlords – an article in todays FT (NB paywall) alerted us to a potential new issue for companies investing in Berlin residential property. After the good news from the rejection of rent controls (Mietendeckel) we now have a proposal to expropriate properties owned by large landlords in the city. A petition, […]
Derwent London adds to West End portfolio – Derwent London has announced three off-market West End transactions. West End Properties The largest property being acquired is 250 Euston Road NW1 which totals 165,900 sq ft and sits on a 1.6 acre site. This freehold office building is let in its entirety to University College London Hospital […]
Tritax EuroBox funds Turin warehouse – Tritax EuroBox says that conditional contracts have been entered into to acquire land and provide forward funding for the development of a new highly specified and sustainable logistics warehouse facility in Settimo Torinese near Turin, Northern Italy for a total consideration of €24.39m. The property will be developed by LCP […]
Diverse Income approach pays off – the impact of COVID-19 hit many large dividend paying companies last year. By diversifying its portfolio across both large and small companies, Diverse Income was able to emerge from this period with strong results. For the year ended 31 May 2021, Diverse Income Trust reports an NAV total return to […]
In QuotedData’s morning briefing 10 August 2021: Literacy Capital (BOOK) says that Butternut Box, a business providing healthy, fresh dog food on a subscription to dog owners’ doors, has finalised a funding round to raise further equity to support the continued growth of the business. As at 30 June 2021, Butternut Box was Literacy Capital’s 3rd largest […]
Our monthly roundup of news and views from the investment companies sector should be hitting your inboxes shortly. The macro roundup contains a long and detailed but fascinating look at the technology sector from Ben Rogoff, manager of Polar Capital Technology. He was writing in the trust’s annual report, which was published on 20 July. […]
Apax funds see hefty gains over Q2 – Apax Global Alpha holds a portfolio of private equity funds and derived investments (equity and debt positions in companies that the Apax team knows well). This morning, Apax Global Alpha posted valuation statements for each of the underlying Apax funds that it holds. We think that there […]
