Greencoat UK Wind will increase in its annual dividend target to 10p and launch a share buyback programme of up to £100m. From admission to the London Stock Exchange on 27 March 2013 to 30 September 2023, the company has generated £1,764m of cash flow, paid £887m of dividends and reinvested £877m of excess cash […]
abrdn Diversified Income and Growth has announced the outcome of the strategic review process that started on 20 June 2023. Outcome of the strategic review As noted at the outset of the strategic review, the board has been encouraged that, in exceptionally volatile markets, Nalaka De Silva and the wider investment team have continued to […]
In QuotedData’s morning briefing 26 October 2023: Hipgnosis (SONG) says that Andrew Wilkinson and Paul Burger have resigned as non-executive directors of the company ahead of today’s AGM. [Expect more news later.] Oakley Capital Investments (OCI) reports that the Oakley Capital Origin Fund I has agreed to acquire a stake in Webcentral DEH, a leading […]
US activist investor Saba Capital has made its first public move against a UK-listed investment company, writing an open letter to the board of European Opportunities trust. It says that it intends to vote against the conditional tender offer that the trust has proposed and against the continuation of the trust. [Despite its 5% stake, […]
Syncona has submitted a non-binding proposal to a special committee of the board of Freeline Therapeutics offering to buy all the shares its does not already own for an upfront cash payment of $5.00 per American Depositary Share. This equates to a premium of 20% over the volume weighted average price of $4.16 over the […]
Gresham House Energy Storage’s share price has been weak since its half-year results, when it revealed that low utilisation of batteries by National Grid ESO (ESO) in the power grid’s balancing mechanism was affecting the entire Great British battery energy storage industry. ESO hosted an event on 16 October called ‘Enhancing Energy Storage’ to provide […]
Cordiant Digital Infrastructure has completed its purchase of Speed Fibre DAC. This improves the fund’s portfolio diversification by asset class and geography, with the addition of wholesale and retail fibre services in Ireland. Cordiant Digital says that S”peed Fibre is a cash generative enterprise with a diversified base of blue-chip customers. The Group represents a leading […]
Following feedback from shareholders the board of Hipgnosis Songs Fund has decided to initiate a strategic review. Engagement over recent weeks with shareholders is said to have highlighted a continued belief in the portfolio and growth prospects of the asset class as well as the need for changes by the company in order to deliver […]
In QuotedData’s morning briefing 19 October 2023: Highbridge Tactical Credit (HTCF) will compulsorily redeem almost all of its shares on 1 November 2023 and then go into liquidation. Round Hill Music (RHM) shareholders overwhelmingly approved the takeover by Concord Bidco. The shares will stop trading before the market opens on 31 October and shareholders should […]
Fidelity Asian Values has announced results for the 12 months endd 31 July 2023. The period was a relatively good one for the trust as the 11.4% NAV total return outperformed the comparative index (MSCI All Countries ex Japan Small Cap Index) which rose by 7.5% over the same period. A narrowing discount meant that […]
