The best performing trusts in Q2 focused on commodities and natural resources, Vietnam and Latin America, according to QuotedData. See more here
LONDON (Alliance News) – Golden Prospect Precious Metals Ltd was the standout winner among listed investments funds in June, according to research from QuotedData, as funds focused on UK investments lost out amid the volatility which followed the UK’s vote to leave the European Union. Read the rest of the article here
The outlook for dividends has brightened following sterling’s steep decline since last month’s Brexit vote, but there are still big challenges for income investors to navigate. Read more here
Despite a limited number of new issues, fundraising was prevalent in the investment company sector during Q2, with 3i Infrastructure topping the table having raised £385m, according to QuotedData. Read more here
Fresnillo plc, the world’s largest silver miner, reported attributable profit of US$167.0 million (US$0.227/share) for the six months ended 30 June 2016, 118% higher than the corresponding period of 2015. However, after adjusting profit for a revaluation of Silverstream contract sales, net profit was US$90.1 million (2015: US$76.5 million). ,Total revenue increased by 17% to […]
JZ Capital Partners has announced an agreement to sell its equity interest in Fidor Bank AG to Groupe BPCE, the second largest banking group in France. JZ Capital Partners first invested in Fidor in August 2013 through its EuroMicrocap Fund 2010, L.P. and has since worked with the senior management team, including Matthias Kröner, CEO, and Wolfgang Strobel, […]
The Board of Tritax Big Box REIT has announced that it has exchanged contracts (conditional on detailed planning consent) to provide forward funding for the development of a new logistics facility and headquarters at Four Ashes, Wolverhampton. The investment price is GBP56.3 million, reflecting a net initial yield of 5.14% (net of land acquisition costs). The […]
Caledonia Mining has updated gold resources at its 49%-owned Blanket mine, in Zimbabwe, after a six-month drilling programme in the deeper areas of the mine. It has upgraded 343 kt from Inferred to Indicated, bringing a total of 48 koz of gold into the higher confidence category, and has added 1.28 Mt of new Inferred […]
During the six month period ended 31 May 2016 BlackRock Commodities Income’s net asset value returned 8.8% and the share price returned 9.2%. Since the period end and up until close of business on 22 July 2016 the Company’s NAV has increased by 21.8% and the share price has risen by 13.2% (with income reinvested).The disparity between […]
Nimrod Sea Assets has been informed that a winding-up application has been filed in Singapore in respect of Swiber Holdings Limited. The application was filed by the Board of Directors of Swiber Holdings Limited on 27 July 2016 and provisional liquidators have been appointed. The Company owns a 26% share in Bukit Timah Offshore DIS which […]
