JPMorgan US Smaller Companies, managed by Don San Jose (pictured), has announced that it has agreed a new fee structure with J.P. Morgan Funds Ltd, which will take effect from the beginning of the company’s next financial year (1 January 2016). Under the existing fee arrangement the Company’s basic management fee has been 1.20% per annum on […]
John Laing Environmental Assets has announced the acquisition of a solar photovoltaic portfolio for a cash consideration, including working capital, of £9.7m. The fully operational 2.3 MW solar energy generation portfolio comprises 303 systems of residential rooftop, commercial rooftop and commercial ground mounted solar PV installations, distributed across England, Wales and Scotland. The company says that […]
British Land’s first half results, covering the six months ended 30 September 2015, show the company’s EPRA NAV climbing by 7.5% and its diluted underlying earnings per share rising by 4.6% to 16p . The first half dividend was increased by 2.5% to 14.18p. The valuation of the portfolio increased by 4.7%. That broke down into […]
Juridica has announced that one of its cases, Case 5009-S, which involved a theft of trade secret dispute brought by a smaller plaintiff against a much larger company, has completed a trial by jury. In spite of a full win on liability the jury only awarded an amount which will result in a return to […]
International Public Partnerships has announced that it has raised £180m through a placing, open offer and offer for subscription. The company says that the issue was very significantly over subscribed and a total of 137,142,857 shares will now be issued at a price of 131.25p per share. The new shares are expected to be admitted to […]
LXB Retail Properties has published an update on further pre-lets at a number of the Group’s investment properties and on planning consent for the Group’s first Living Villages project. Living Villages – Higher Newham, Truro The Strategic Planning Committee at Cornwall Council recently resolved to grant planning permission for the Group’s Higher Newham Farm proposals […]
The Bidco Board and the Japanese Residential Investment Company Board are pleased to announce that they have reached agreement on the terms of a recommended cash offer by Bidco for the entire issued, and to be issued, share capital of JRIC. Bidco is a newly-incorporated entity indirectly wholly-owned and controlled by the Blackstone Funds. Blackstone […]
Standard Life Equity Income has announced results for the year ended 30 September 2015. Over that period, the fund’s total return on net assets was an impressive 14.1% as compared to a -2.3% return on the FTSE All-Share Index. The Chairman believes that good stock selection and being prepared to hold a portfolio which is […]
The World Gold Council (“WGC”) reported some good news for gold this morning in its quarterly “Gold Demand Trends” publication for Q3 2015. Gold demand climbed 8% to 1,121 t from Q3 2014 as demand for jewellery grew 6% year-on-year with lower prices during July and early August attracting consumers. The quarter under review was […]
Chelverton Growth Trust has announced results for the year ended 31 August 2015. Unfortunately the fund underperformed its benchmark index – the net asset value rose by 6.95% while the MSCI UK Small cap Index rose by 9.77%. Since the year end though they have had some good news as their largest investment (37% of […]
