News

03 Feb 2016

BlackRock Commodities hit by weak resources sector

BlackRock Commodities Income has published results for the year ended 30 November 2015. It will come as no surprise, given how weak the resources sector has been (the Brent oil price fell by 38% and key industrial commodities copper and iron ore plunged by 29% and 40% respectively), that the company had a poor year, […]

03 Feb 2016

Stalling growth sees investors flock to small-cap trusts

The demand for UK small-cap investment trusts has increased markedly since May, amid slow growth and short term volatility in global markets, suggests data from QuotedData. – See more at: http://www.portfolio-adviser.com/news/1027294/cap-driving-demand-uk-uptick#sthash.PU3pDbt0.dpuf

03 Feb 2016

HICL buys stake in A63 Autoroute

HICL Infrastructure Company Limited, the listed infrastructure investment company advised by InfraRed Capital Partners Limited, has announced that it has reached an agreement to acquire a 13.8% interest in the A63 autoroute project in France.  The vendors are Colas Sud Ouest and Spie Batignolles. The acquisition is subject to a number of conditions and is expected […]

03 Feb 2016

JPMorgan Russian to expand remit

JPMorgan Russian has published its results for the year ended 31 October 2015. The MSCI 10/40, the benchmark, fell by a further -13.4% (2014: -21.0%). Both JPMorgan Russian’s return to shareholders and the net asset value total return slightly underperformed the benchmark index, with falls of -13.5% and -14.2% respectively. The dividend is being maintained at […]

02 Feb 2016

Polar Capital Global Financial outperforms

Polar Capital Global Financial has reported a return on net assets of 5.3% for the year to the end of November 2015. this compares well to a total return of 0.9% for the benchmark MSCI World Financials Index, and total return of 3.8% delivered by the broad MSCI World Index. The Company’s share price total return […]

02 Feb 2016

Diverse Income well ahead of UK market

Diverse Income’s interim results, covering the six months ended 30 November 2015, show the fund generating a return on net assets of 6.4% and a return to shareholders of 7.0%. They also declared two quarterly dividends of 0.65p each. The Board is rebalancing the quantum of the four quarterly dividends to make them more equal […]

28 Jan 2016

Avocet’s gold production down 13% in 2015

Avocet Mining PLC’s 90%-owned Inata mine, in Burkina Faso, produced 74.8 koz of gold in 2015, down 13% from the previous year. Gold production for Q4 15 was more or less in line with Q4 14 at 17.4 koz. Recovery in Q4 improved dramatically to 89% in Q4, taking the average for the year up […]

28 Jan 2016

Shaftesbury gets planning for 57 Broadwick Street

Shaftesbury PLC, the West End-focused Real Estate Investment Trust, announces that Westminster City Council’s Planning Committee yesterday evening resolved to grant consent for the Group’s application to reconfigure and extend 57 Broadwick Street, Carnaby, a prominent building at the eastern gateway to Carnaby. Their scheme for the building, which was acquired in March 2014, provides […]

28 Jan 2016

Toro gets off to good start but moves to discount

Toro has published its first set of accounts, covering the period from 2 March 2015 to 30 September 2015. It raised €331.8m (gross of issue costs) on 8 May 2015 when it IPOd. There were two additional placings made during the Period, €16.4m (gross of issue costs) on 17 July 2015 and €8.8m (gross of issue costs) […]