Unite Group (UTG), the UK’s largest provider of purpose-built student accommodation, has launched a £100m share buyback programme alongside the release of its Q4 update, which has reaffirmed earnings guidance and provided further clarity on developments, lettings and fund valuations. The buyback, set to run until June 2026, reflects the company’s revised capital allocation strategy […]
The board of Edinburgh Worldwide Investment Trust (EWI) has received another significant endorsement in its battle to fend off activist investor Saba Capital. Glass Lewis, the independent proxy advisory firm, has recommended shareholders vote against all of Saba’s proposals at the upcoming requisitioned general meeting scheduled for 20 January 2026. We have also written an […]
Herald Investment Trust (HRI) has announced plans to launch a tender offer allowing shareholders to realise up to 100% of their shares at close to NAV. The move is aimed at resolving ongoing tensions with activist investor Saba Capital, which holds approximately 30.7% of the company. The Board says the tender offer gives shareholders a […]
Working in finance, I frequently hear the quote, widely attributed to Mark Twain, that “History doesn’t repeat itself, but it often rhymes”. With the new year fast approaching, I am getting a sense of déjà vu as, once again Saba Capital is back launching a campaign that, on the face of it, appears to be […]
Finsbury Growth & Income (FGT) has released annual results for the year to 30 September 2025, marking a centenary year overshadowed by another period of weak performance and material underperformance versus its benchmark. NAV total return was essentially flat at -0.1% (2024: +8.2%), while the share price delivered a total return of 2.3% against a […]
Oakley Capital Investments (OCI) has confirmed that it will contribute around £8m indirectly to the acquisition of Paraty Tech, following Oakley Capital Fund VI’s agreement to invest in the Spanish hotel demand-generation specialist. The commitment represents OCI’s share of Fund VI’s exposure to the transaction. Oakley says that Paraty Tech, which was founded in 2012 […]
NextEnergy Solar Fund (NESF) has published interim results for the six months to 30 September 2025, a period that combined strong operational delivery with further pressure on valuations. NAV per share fell from 95.1p to 88.8p, largely reflecting lower third-party forecasts for UK power prices and battery revenues, as well as the impact of dividends […]
Greencoat UK Wind (UKW) has issued a formal response to the UK Government’s consultation on potential changes to inflation indexation within the Renewables Obligation (RO) scheme. In its response, UKW’s manager, Schroders Greencoat, warns that the proposals risk undermining investor confidence while failing to deliver the intended benefit of lower consumer bills. It says that […]
Last week, I wrote about a novel experience – for me at least – of joining a “speed dating” session, where analysts such as myself, and journalists, met six fund managers of investment trusts run by Schroders. In that article, I shared some of the insights I’d gained on Schroders’ suite of funds focused on […]
By the time the concept of speed dating emerged, I had settled down, so the whole idea had passed me by, that was, until last week. In a format more often associated with romance than finance, a small group that included journalists, and analysts such as me, were given the opportunity to sit down with […]
