The Board of Scottish Investment Trust has decided to make Alasdair McKinnon its investment manager. He has been doing the job on a temporary basis since John Kennedy stepped down in July last year. Alasdair has been working for the trust since 2003. SCIN : Alasdair McKinnon confirmed as Scottish Inv Trust manager
This morning the Department for Business, Innovation and Skills (“BIS”) announced its intention to place at least 40 million ordinary shares in Greencoat UK Wind at a price between 103p and 105p. Barclays, RBC Capital Markets and Winterflood aim to have the deal wrapped up by lunchtime tomorrow. Vince Cable (the minister) said: “The department invested in […]
Elephant Capital has announced results for the year ended 31 August 2014. These are somewhat academic now but for the record the NAV then was 35p – up 2p from the previous August. The new news is that Elephant Capital will return £1m to shareholders via a buy-back programme starting on 9 March 2015. Elephant […]
Empiric Student Property has made its first acquisition in London with the purchase of a student accommodation block from Brandeaux Accommodation Funds for £13.25m. The announcement says the property, Liberty Fields in Camberwell, South London, is a high-quality conversion of an attractive building, which was part built in the 1930s and the 1970s and is part […]
ARC Capital Holdings has announced that at the EGM held yesterday the proposals put forward were approved by shareholders. Alpay Ece, Sean Hurst and Cosimo Borrelli (the “New Board”) have therefore been appointed as directors of the Company with immediate effect. Steven Feniger, Helen Wong and Tian-Cho Chu have been removed from the office of […]
In May 2014 Dexion Absolute offered shareholders a chance to exit the company. 50.9% of the issued GBP Shares, 15.6% of the issued EUR Shares and 48.8% of the issued US$ Shares were redeemed. Shareholders that opted for redemption had to wait until now for the first tranche of their money (the balance will be payable in […]
Polar Capital Global Financials Trust has published its accounts for the year ended 30 November 2014. over that period the net asset value total return was 9.8%, a little behind the fund’s benchmark, MSCI World Financials Index, which returned 11%. Financials lagged the wider market, the MSCI World Index rose by 14.8%. To compound the […]
Humphrey van der Klugt, Chairman of Fidelity European Values PLC has announced that the Board has agreed with Fidelity that with effect from 1st January 2015 the investment management performance fee will be removed. He said this should mean a lower overall fee for shareholders, and a simple and transparent fee arrangement. The base fee (Annual Management […]
Carador Income Fund’s manager has changed. GSO / Blackstone Debt Funds Management LLC has announced the appointment of J. Richard (“Dik”) Blewitt as the Company’s new portfolio adviser following the resignation of Mark Moffat from GSO Blackstone. Mr. Moffat will continue to advise the Company in a joint capacity with Mr. Blewitt for a 3 month hand over […]
HICL Infrastructure has announced the sale of its 56% stake in Colchester Garrison for £108.3m. This is £21.7m more than HICL was valuing this investment as at 30 September 2014. This is the deal they were anticipating in the interim results published in November last year. The purchaser was subsidiaries of Allianz Group, the PPP […]
