Sterling strength holds Capital Gearing back – Capital Gearing has published its results for the year ended 5 April 2018. Over this period, the NAV edged up by 0.1% and the share price rose by 1.0%. This compares to a rise in the MSCI UK Index of 1.8% but, more importantly, it also compares to […]
“Real is rare” but synthetic diamonds are shining just as brightly – De Beers enters the synthetic diamond jewellery market The news that diamonds can be created in a lab is not news. For many years, the processes to produce synthetic diamonds has evolved to the point where they appear often in jewellery. In the […]
Edinburgh impacted by tobacco, Provident Financial and Capita – Edinburgh Investment Trust lagged its benchmark by some margin over the year to the end of March 2018. Its NAV total return was -5.9%, the return to shareholders was -6.7% and the return on the All-Share index was +1.2%. The dividend was increased from 25.35p to […]
Investment Trust Insider on student housing James Carthew: DIGS’ London moat had direct impact on returns GCP Student Living (DIGS) is five years old and it has been a great success. An investor who subscribed £1 for a share in the real estate investment trust’s initial public offering on 20 May 2013 has received 26.07p in […]
Supermarket Income REIT buys Scunthorpe Tesco Extra – Supermarket Income REIT has acquired a Tesco Extra supermarket in the north Lincolnshire town of Scunthorpe, England, from Legal and General Pensions Limited for GBP53 million (net of acquisition costs), reflecting a net initial yield of 5.1%. Developed in 2002, the store totals 98,000 sq ft on an […]
TR Property extends its run of good performance – TR Property delivered a net asset value total return of 15.5% for the year ended 31 March 2018, well ahead of the benchmark at 10.2%. Coupled to this revenue has increased by 16.2% for the year and the total dividend for the year was 12.20p, 16.2% ahead of […]
F&C UK High Income Trust cuts management fee – F&C UK High Income Trust has published results for the year ended 31 March 2018. The fund underperformed the All-Share index, returning -2.5% in NAV terms, -2.8% in share price terms for the ordinary shares and -3.8% for the share price of the B shares. By […]
NextEnergy Solar adds first plants with onsite battery storage – NextEnergy Solar Fund Limited has announced the acquisition of two operating solar plants in the UK. These come with integrated energy storage facilities. The purchase of Salcey Farm and Pierces Farm adds an additional 7.2MWp to NextEnergy Solar’s portfolio. The integrated energy storage capabilities at both sites have a combined capacity […]
Change in manager line-up for NB Global Floating Rate – NB Global Floating Rate Income Fund says that Neuberger Berman Europe Limited, the investment manager has notified it of the resignation of one of the team, Martin Rotheram, who will depart the firm following completion of a six-month notice period. Neuberger Berman Europe Limited has confirmed […]
Investment Trust Insider on Civitas and Horizon James Carthew: I hope Horizon revives faith in social housing Horizon Housing (HZN) real estate investment trust (Reit) is the latest launch in the burgeoning social housing sub-sector. At one point, investors were falling over themselves to invest in this area, attracted by its stable, secure and inflation-linked […]
