Investment Company News

17 Nov 2014

Decent returns from Standard Life Equity Income

SLET : Decent returns from Standard Life Equity Income Over the year to the end of September 2014 Standard Life Equity Income managed to beat its benchmark index delivering a total return on net assets of 6.9% and a return to shareholders of 6.3% vs. a 6.1% return on the FTSE All-Share Index. The dividend […]

14 Nov 2014

3i Infrastructure completes French prison deal

3IN : 3i Infrastructure completes French prison deal 3i Infrastructure has announced that the deal to build a new prison, La Sante, in Paris, that was referred to in its recent interim statement, has now been completed. It will invest €11.7m to take an 80% stake in the project. The La Santé primary PPP project (the […]

14 Nov 2014

GLI Finance takes stake in Ovamba Solutions

GLIF : GLI Finance takes stake in Ovamba Solutions GLI Finance has announced that it is investing $1.28m to take a 20% stake in Ovamba Solutions, an African peer-to-peer business investment platform. Ovamba is the first peer-to-business lending platform in francophone Africa, and also one of the first market lending platforms to offer investment opportunities […]

13 Nov 2014

Tritax Big Box buys Doncaster distribution centre

BBOX : Tritax Big Box buys Doncaster distribution centre Tritax Big Box REIT is buying The Range UK National Distribution Centre at Nimbus Park, Thorne, Doncaster for a purchase price of £48.5m (a net initial yield of 6.1%). Thorne is about 7 miles to the north east of Doncaster town centre, adjacent to the M18 motorway and […]

13 Nov 2014

3i continues to shrink private equity portfolio

III : 3i continues to shrink private equity portfolio 3i’s net asset value rose by 10p to 358p over the six months that ended on 30 September 2014 and, in addition, it paid a 13.3p dividend to shareholders in July – this works out at a total return for the period of 7.1%. It plans […]

13 Nov 2014

Development activity drives NAV growth at Great Portland

GPOR : Development activity drives NAV growth at Great Portland Great Portland Estates reported an 11.8% uplift in its EPRA net asset value for the six months ended 30 September 2014 on the back of an 8.9% uplift in the value of the portfolio. earnings per share were up 11.3% to 5.9p and from this they […]

13 Nov 2014

GLI says Finexkap secures funding

GLIF : GLI says Finexkap secures funding GLI Finance has announced that its French peer to peer factoring investment, Finexkap, has secured funding of $22.5m ($7.5m in series A equity and $15m to finance lending). Following the transaction GLI has a 26.4% stake in Finexkap. The other external investors in Finexkap now include Finsight, a […]

13 Nov 2014

Henderson Far East Income fails to match benchmark

HFEL : Henderson Far East Income fails to match benchmark Henderson Far East Income, managed by Michael Kerley (pictured), has reported a total return of 11.2% on net assets for the year that ended on 31 August 2014, underperformance of its peer group, which returned 12.1%, and its benchmark (the FTSE All World Asia ex Japan […]

12 Nov 2014

Capital Gearing hails positive performance

CGT : Capital Gearing hails positive performance Over the six months that ended on 5 October 2014 Capital Gearing managed to deliver growth in its net asset value of 1.2%. The Chairman says “A 1.2% return is not a cause for wild celebration; however in an environment of overinflated asset prices and significant macro-economic and […]

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