The investment management firm abrdn has announced that it is reversing its widely derided rebrand of 2021, which saw it remove the vowels from its name. The firm, which in the past has been known as Aberdeen Standard Life and Aberdeen Asset Management, will now be known as Aberdeen Group. The change was announced with […]
Following the publication of an ‘interim update statement’ this morning (covered in our morning briefing), HICL Infrastructure has announced that it is expanding its share buyback programme by a further £100m (its initial £50m share buyback programme completed last week). HICL says that the programme will commence today and end no later than 31 December […]
Aquila Energy Efficiency Trust (AEET) has agreed to realise its Bio-LNG investment in Germany and the majority of its Italian Superbonus investments for a combined gross consideration of €31.84m. AEET’s board says that it will make a significant distribution to shareholders following receipt of these realisations and that a further announcement will be made in […]
Martin Currie Global Portfolio (MNP) has agreed with its manager that, with effect from 1 March 2025, the investment management fee will be amended to 0.40% of net asset value per annum – down from 0.45%. MNP’s chair, Christopher Metcalfe, says “The Board is confident that the new fee level will maintain a competitive ongoing […]
BlackRock American Income (BRAI) – formerly BlackRock Sustainable American Income Trust – has announced its results for the year ended 31 October 2024, during which its net asset value per share (NAV) returned 16.0% and the share price returned 13.8%, both underperforming its benchmark, the Russell 1000 Value Index, which it says returned 23.2% (all […]
Riverstone Energy (RSE) has published its annual results for the 12 months ended 31 December 2024. Both sectors of the portfolio saw drops in 2024. The conventional assets decreased in value by US$31m or 12%, and the decarbonisation portfolio decreased in value by US$50m or 44% These downturns in portfolio NAV resulted in a reduction […]
Further to its announcement on 20 December 2024 that it was proposing a managed wind down and return of cash to shareholders, Menhaden resource Efficiency (MHN) has publish a circular in relation to these proposals and is convening a general meeting on 25 March 2025, seeking approval for the trust to be placed into members’ […]
BlackRock American Income (BRAI) has published a circular this morning in which it has announced proposals for a change in investment policy and a tender offer. These proposals are being made in advance of a continuation vote that is due at its AGM this year (separately, BRAI has published its full-year results this morning). Shareholder […]
Apax Global Alpha says that it expects to invest approximately €35m in CohnReznick LLP on a look-through basis. This will be through its commitment to the Apax XI Fund which announced on 26 February that it has agreed to invest in CohnReznick, which it describes as one of the leading advisory, assurance, and tax firms […]
In QuotedData’s morning briefing 28 February 2025: JPMorgan Global Growth & Income (JGGI) has published its interim results for the six-months ended 31st December 2024. Highlights from the results include: JGGI provided an NAV total return of 2.7% and a share priced total return of 2.4% – both underperforming its benchmark, the MSCI AC World […]
