CLO

An abbreviation of Collateralised Loan Obligation

Close company

Typically, a company controlled by five or fewer investors but in the definition of what constitutes an investment trust. It is a company where less than 30% of the shares are in public hands

A closed-end fund (CEF) is a form of collective investment vehicle whereby the number of shares in the fund is fixed. Usually, those seeking to invest in an existing closed end fund must purchase shares from existing holders. Similarly, to exit an investment in a closed end fund, an investor must find another party to sell the shares to. […]

Concert party

The Takeover Code has a concept called ‘acting in concert’. Persons acting in concert form a ‘concert party’. The technical definition (from the Takeover Panel’s website) is given below, but basically it means people or businesses that are acting together to control a company or block a takeover attempt. Acting in concert This definition has […]

Balancing Mechanism

A balancing mechanism (BM) is the main mechanism used by electricity grid operators to balance electricity supply and demand close to real time. The balancing mechanism is crucial because it ensures electricity is produced and consumed simultaneously to maintain the stability of the power grid.

Premium Segment

The London Stock Exchange operates a premium listing segment where companies are obliged to comply with higher compliance and disclosure requirements than the EU-minimum (imported into UK post Brexit) standards necessary for a standard listed company. The most important distinction between this and a standard listing is that – at admission to this segment – […]

Day Trading

Day trading is a strategy which involves buying and selling shares of stocks within the same day with the intent of profiting from price movements. For example, a day trader may open a new position of a stock at 9 a.m., then close that same position at 2 p.m. These traders rarely hold positions overnight.

PDMR

PDMR is an acronym for persons discharging managerial responsibility. Such people – directors and senior management of companies – need to disclose to the market when they deal in the shares of the company that they run.

SFDR

SFDR is an acronym for Sustainable Finance Disclosure Regulation. This is an EU regulation aimed at making it easier for investors to distinguish between funds’ ESG characteristics. Funds mindful of ESG issues are likely to adopt one of three different product categories: Article 6 Funds that integrate ESG risk considerations into their investment decision-making processes, […]

Hyperscaler

A hyperscaler is a data processing business that can very quickly scale up or down the volume of data it is processing. Hyperscale computing is a responsive method of processing data that adjusts to volumes of data traffic. Hyperscalers use this computing method to manage data centres and cloud computing infrastructure.

Baseload

Baseload in the context of power means the minimum level of power needed for a power grid. To supply baseload power, generating plants need to be able to generate a constant level of output. This is doable for a nuclear, coal or gas-fired plant, but not possible with most forms of renewable energy generation. Suitable […]

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CLO