Blue Capital Alternative Income throws in towel – At Blue Capital Alternative Income’s AGM, which was held on 8 May 2018, shareholders voted 78.2m shares in favour of continuation and 68.8m shares against. Despite winning the vote, the board intends to recommend an orderly run-off of the company. This will be voted on at a special general […]
Benchmark-beating performance by Invesco Perpetual UK Smaller Companies – Invesco Perpetual UK Smaller Companies Investment Trust (IPU) issued its annual financial report for the year ended 31 January 2018. Performance The NAV of the company rose by 23.9%, on a total return basis. In so doing, it outperformed the benchmark index of the company by 8.8%. The […]
Savills acquires British Land’s third-party property management portfolio – in a joint press release published on their websites British Land (BLND) have announced that it has sold its third-party property management portfolio within its property management business, Broadgate Estates to Savills, the international real estate adviser. Approximately 160 Broadgate Estates employees are expected to transfer […]
Greencoat UK Wind to up its Clyde wind farm stake – Greencoat UK Wind says that it intends to exercise its option to increase its shareholding in the Clyde wind farms to 28.2%. This will cost it GBP114.2 million and, therefore Greencoat intends to raise up to GBP118.8 million through a placing of new ordinary shares by way of a […]
CATCo takes another big write down on 2017 NAV – Markel CATCo Investment Management Ltd., is to increase the specific loss reserves held by CATCo Reinsurance Opportunities in relation to the ordinary shares for loss events in 2017. The impact of the increase is estimated to be approximately 19.5% of the 31 March 2018 ordinary share NAV. This represents […]
New Oaktree letter as Ranger dispute rumbles on – The full text of the letter is as follows: May 4, 2018 Dear shareholders of Ranger Direct Lending PLC (“Ranger,” the “Company” or “RDL”), We write to express our deep disappointment with recent actions by Ranger’s Board of Directors (the “Board”), culminating in the RNS announcement […]
P2P Global securitises Funding Circle loans – The European Investment Fund and German development bank, KfW will invest in UK small businesses through a securitisation of loans originated by Funding Circle The £207 million loan portfolio is issued by P2P Global Investments PLC. It is the second securitisation of loans originated by Funding Circle and […]
New manager for Shires Income – Following the merger of Aberdeen Asset Management PLC and Standard Life plc, and the subsequent integration of the equity teams at Aberdeen Standard Investments, the board of Shires Income PLC has announced that Iain Pyle will become the lead investment manager on the company’s portfolio with immediate effect. The […]
Aberdeen New Thai aims to spice up returns – Aberdeen New Thai has reported results for the year ended 28 February 2018. The Thai market, as represented by the Stock Exchange of Thailand index (“SET Index”), provided a total return of 21.6% in sterling terms. The chairman’s statement says that foreign investors were net sellers of […]
Syncona to benefit from Blue Earth value gain UK hybrid biotech investor/fund-of-funds Syncona (SYNC) should be able to take a c£64m increase in the value of its shareholding in Blue Earth Diagnostics this month, after the company was revalued on the back of an licensing agreement. The value of Syncona’s 90% holding in the diagnostics company will rise from £123.1m […]
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