RTW Biotech Opportunities (RTW) has invested a further $4.1m in private portfolio company Encoded Therapeutics as part of a $275m Series F financing. The proceeds will be used to advance Encoded’s lead gene therapy, ETX101, through pivotal and expansion studies in Dravet syndrome, as well as scale up manufacturing and progress its wider neurology pipeline. […]
Rights and Issues Investment Trust (RIII) is reviewing the future management of its portfolio after Jupiter Asset Management announced that the trust’s two investment managers, Matt Cable and Tim Service, will leave the firm in early 2027. The board of the £110m-plus UK smaller companies trust said on Monday that, in light of the changes, […]
September is normally a good month to be a student accommodation landlord. Students return to university, rents start flowing and halls fill up. Yet for Unite Group (UTG), one of the UK’s largest student accommodation providers, the start of the new academic year comes with a rather less welcome arrival: activist investor Saba Capital. Saba […]
UK-listed property shares gave back some of July’s gains in August, with the average share price falling 2.2%. Only a handful of companies recorded gains, with the median return a more modest 1.3% decline. The headline average is distorted by a number of large corporate actions. Residential Secure Income (RESI) fell 70.5% during the month […]
Residential Secure Income (RESI) will make its first return of capital following the disposal of its retirement portfolio to Living REIT. The company will return £35.2m to shareholders via its B Share Scheme, equivalent to 19p per ordinary share, with the payment due on 25 August. It will also pay a 1.53p per share property […]
Shaires Holdings Ltd (SHR) has launched a retail offer, giving individual investors the opportunity to gain exposure to a portfolio of private technology companies, with a particular focus on artificial intelligence (AI). The AIM-listed investment company is making new ordinary shares available at $20.00 each through the Winterflood Retail Access Platform (WRAP). The offer is […]
Foresight Environmental Infrastructure (FGEN) delivered a 1.4% total investment return in the three months to 30 June, despite a reduction in near- to medium-term power price assumptions. Net asset value (NAV) slipped to £652.4m from £655.5m at 31 March, while NAV per share fell from 105.2p to 104.7p after allowing for the 2p per share […]
Riverstone Energy (RSE) has written down Group14 Technologies to zero following ongoing production and commissioning challenges, as it continues its managed wind-down. It has returned £30m to shareholders through its second compulsory partial redemption during the quarter to 30 June and reported a draft unaudited net asset value (NAV) of $77m, with its remaining portfolio […]
UK-listed property stocks enjoyed another positive month in July, with the average share price rising 2.3%, and 34 of the 49 companies in our dataset recording gains. The median return was slightly stronger at 2.5%. The sector has now delivered three consecutive months of positive average returns, taking the three-month gain to 3.9%. However, the […]
It looks like the UK’s largest REIT – and one of the sector’s great success stories, SEGRO, will be gobbled up by a US warehouse behemoth in a deal worth around £14bn. SEGRO’s board says that it is minded to recommend a ‘best and final’ offer from Prologis, after a rollercoaster couple of weeks of […]
