NRR : NewRiver raising £75m to buy out joint venture partner NewRiver Retail is raising £75m via a placing of new shares to fund the acquisition of the 90% stake it doesn’t already own in the “NewRiver Retail Property Unit Trust” – the cost of which will be £71m. The underlying property portfolio comprises five shopping centres and […]
BRFI : Relatively poor year for BlackRock Frontiers BlackRock Frontier Markets generated a total return on net assets of 21.1% over the year to the end of September 2014 which is good in absolute terms, a lot better than the MSCI Emerging markets Index which returned 4.2% but well behind its benchmark, the MSCI Frontier […]
Empiric Student Property has announced it has made a further investment in Exeter. It is spending £4.5m to buy Dean Clarke Lofts, a 30 bed, loft-style student accommodation block. It is a conversion of a Grade 2 listed, Georgian building on Southernhay Gardens in Exeter. It was completed in August 2013 and comprises 30 beds […]
JGC : Whole Foods holds back Jupiter Green Jupiter Green’s net asset value total return was -2.0% over the six months to the end of September 2014, a little less than the MSCI World Small cap. Index which returned -1.6% and the FTSE ET100 Index which was flat. The shares moved from trading at a discount to […]
JLIF bidding for Balfour Beatty PPP assets John Laing infrastructure has announced that it is considering bidding for Balfour Beatty’s PPP portfolio (all the public private partnership / public finance initiative type deals that Balfour Beatty has on its balance sheet). JLIF is thinking about offering c£1bn in cash for these and would raise fresh […]
WWH : InterMune helps drive good Worldwide Healthcare result Worldwide Healthcare powered ahead over the six months ended 30 September as the net asset value delivered a total return of 16.8%. The rating stayed more or less the same so the return to shareholders was 16.2%. by contrast the benchmark index (MSCI World Health Care) returned 11.5% […]
MVI : Marwyn Value sells Breedon Aggregates Marwyn Value Investments has got cash equivalent to 3.7x their total investment in Breedon Aggregates – the stake was sold for £51.3m and MVI’s share of that is £43.5m. They first invested in the company as Marwyn Materials in 2008. The return works out as a IRR of […]
TRIG : Renewables Infrastructure buys Irish wind farm The Renewables Infrastructure Group has bought a wind farm in Ireland for €17.3m. Taurbeg wind farm is capable of producing 25.3MW. It is located near Rockchapel, County Cork in the Republic of Ireland and was developed by the RES group. The project includes eleven Siemens wind turbines, each with […]
EUT : European Inv Trust takes defensive stance European Investment Trust beat its benchmark, the FTSE World Europe ex UK Index, by 1.1% in total return terms over the year that ended on 30 September 2014, producing a return on net assets of 6.4%. Furthermore the discount narrowed from 10.9% to 6.5% and so the […]
IVI : Invesco Income Growth just fails to match benchmark Invesco Income Growth lagged the FTSE All-Share Index a little over the six months ended 30 September 2014, producing a total return on net assets of 0.7% and return to shareholders of 0.5% against a 1.6% return for the Index. The quarterly dividends were increased […]
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