Investment Trust Insider on Jupiter US Smaller Companies James Carthew: Jupiter US wants more JUS from Siddles Half-year results for Jupiter US Smaller Companies (JUS) show the investment trust lagged its benchmark, the Russell 2000 index (adjusted to sterling), by 3.2% in the six months to 31 December 2017, extending a prolonged period of underperformance. […]
Empiric Student Property reports death of chairman – The Board of Empiric Student Property plc says that it is deeply saddened to announce that its non-executive chairman has died. Stuart Beevor, a non-executive director of the company, has agreed to assume the role of acting non-executive chairman with immediate effect. Mr Beevor said: “We are all deeply […]
Trust favourite Alexion notches up a success with important ‘1210 clinical data Alexion (Nasdaq: ALXN) scored an important positive result in the first of two pivotal trials with ALXN1210 in paroxysmal nocturnal hemoglobinuria (PNH), boosting its shares by around 8% earlier today. ALXN1210 is a long-acting follow-up molecule to Soliris, Alexion’s blockbuster drug for three […]
Stock split proposed for soaraway Shin Nippon – Baillie Gifford Shin Nippon has extended its impressive run of results with a 46.1% increase in its NAV over the year to 31 January 2018 and a 54.2% increase in its share price over that period. By contrast, its comparative index, the MSCI Japan Small Cap Index, […]
New discount control mechanism for JPMorgan Claverhouse – JPMorgan Claverhouse has published its annual results. For the year to 31st December 2017, the net asset total return was +16.2%. This compares with a total return for the same period from their benchmark, the All-Share Index, of +13.1%. During the year, the shareholder total return was +21.8%. The total […]
JZ Capital boosted by Bolder – JZ Capital Partners Limited has announced an agreement to sell Bolder Healthcare Solutions (“BHS”) to a subsidiary of Cognizant, one of the world’s leading professional services companies. Headquartered in Louisville, Kentucky, BHS offers a full suite of healthcare revenue cycle management services to the hospital and physician marketplace in […]
Monks tinkers with management fee – The Board of The Monks Investment Trust has announced a change in the calculation of the company’s management fee, with the introduction of a further stepped tier at GBP1.75bn of total assets*. With effect from 1 May 2018 the annual management fee payable to the Company’s Investment Managers and Secretaries, […]
City Natural Resources revamp includes change of name – City Natural Resources has just published its interim results. The announcement contains the results of review that the fund’s board has undertaken as the fund’s CULS approach maturity. Dividends from capital The Board believes that the level of dividends paid has been a key feature in […]
Tufton buys two vessels – The Board of Tufton Oceanic Assets Limited has announced that the company has acquired two sub-Panamax containerships for $22.8 million. The vessels will have charters of at least two years and three years, respectively. One ship is chartered to part of a major investment grade container shipping group. The other ship will […]
Ranger hit by Princeton bankruptcy – Ranger Direct Lending has announced that it has been informed that Princeton and the General Partner filed voluntary petitions of bankruptcy on 9 March 2018. The filings came hours before the three-judge arbitration panel was to rule on an application for an order requiring Princeton to hold and segregate all revenues […]
