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 […]
HgCapital, the Manager of HgCapital Trust has announced that it has agreed the sale of NetNames, a leading provider of global brand protection and internet domain name management services, to CSC, a US-based, leading provider of business administration services to corporations. The terms of the transaction were not disclosed. The Trust will realise cash proceeds of […]
Over the year to 31 May 2016, M&G High Income’s Package Units delivered a negative total return (capital and income reinvested) of 3.8% over the 12 months to 31 May 2016. This was ahead of the FTSE 350 Higher Yield and the FTSE All-Share indices, which registered negative returns of 8.5% and 6.3% respectively. The […]
The Board of BlackRock Income Strategies and the Investment Manager have been considering the company’s investment objective and policy as implemented in February 2015 in the context of the prevailing market conditions and investment outlook post the recent UK Brexit Referendum. The investment objective is, over the medium term (5 to 7 years), to aim […]
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 […]
For the six months to 30 June 2016, the net asset value total return of Aberforth Smaller Companies Trust was -11.3%, which compares with a total return of -5.6% from the Company’s investment benchmark, the Numis Smaller Companies Index excluding Investment Companies (NSCI (XIC)). The FTSE All-Share Index, which is dominated by larger companies, generated a […]
Amedeo Air Four Plus Limited, via its wholly-owned subsidiary AA4P Eta Limited (“AA4PE”), on 28 July 2016 purchased directly from The Boeing Company one 777-300ER aircraft bearing manufacturer’s serial number 42334 at a net cost of US$173 million. The aircraft is the seventh asset to be acquired by the company. In connection with the acquisition of the Aircraft, […]
