Following the approval of its managed wind down in February 2025, Schroder Capital Global Innovation is ready to start handing back some money to shareholders. With the cash that the trust already had, the realisation of Araris Biotech in April and an anticipated partial realisation of the company’s interests in AI Company II, there is […]
In a blow to Janus Henderson, the board of Henderson European has announced that it is proposing a combination with Fidelity European, creating a trust with net assets of about £2.1bn. The enlarged trust would be managed by Fidelity’s existing team of Sam Morse and Marcel Stötzel. The decision follows the shock resignation of the […]
NextEnergy Solar Fund says it is shifting the way that its fee is calculated from being based entirely on NAV to being based on 50% NAV and 50% market cap. This is a model that has been adopted by others in the renewable energy sector. The fee remains 1% on the first £200m, 0.9% on […]
In QuotedData’s morning briefing 19 June 2025: UIL has a larger borrowing facility, Vietnam Enterprise saw a big vote in favour of a wind up of the trust, Temple Bar has two new directors, and Partners Private Equity has made a profitable disposal. We also have: Did you see from yesterday?
The boards of directors of Hansa Investment Company and Ocean Wilsons Holdings have reached preliminary agreement on the key terms of a possible all-share combination of Hansa and Ocean Wilsons, under which Hansa would acquire the entire issued and to be issued share capital of Ocean Wilsons. Hansa has held a strategic stake in Ocean […]
Montanaro UK Smaller Companies has announced results covering the 12 month period that ended on 31 March 2025. Over the period, the NAV total return for the trust was -6.9%. That compares to -0.4% for the Numis Smaller Companies ex Investment Companies plus AIM Index or 2.3% for the same index but excluding AIM companies. […]
Polar Capital Global Financials says that, in its latest five-yearly tender offer, 132,912,988 shares were validly tendered or 43.83% of the shares in issue. That means that the trust is more than large enough to continue for at least another five years. Simon Cordery (chair of the company) commented: “Retaining close to 60% of the […]
In QuotedData’s morning briefing 17 June 2025: we see the return of the vowels at abrdn Equity Income, an investor presentation for Ecofin Global Utilities and Infrastructure, and confirmation that the bid for Harmony Energy Income is complete We also have: Did you see from yesterday?
Boards get proactive as discounts retreat and investors return Ahead of our 2025 Investment Trust Forum, I thought it might be worth looking at the state of the London-listed companies market. The message that I want to leave you with is that the outlook for the sector is pretty good. However, I am aware that […]
GCP Infrastructure’s interim figures for the six months ended 31 March 2025 show a fall in NAV of 5.3p. This was driven largely by a reassessment of the long-term availability of its anaerobic digestion portfolio (biomethane to grid anaerobic digestion projects and a waste wood power station), which took off 2.87p, and lower than forecast […]
