Tritax Big Box REIT (BBOX) has achieved planning consent on its Manor Farm data centre development near Heathrow after a six-week judicial review brought by Slough Borough Council failed to overturn the approval granted by the Ministry of Housing, Communities and Local Government last month. Chief executive Colin Godfrey said a pre-let agreement for the 107MW […]

European active ETFs attracted $26.63bn of net inflows during the first half of 2026, almost double the $13.36bn collected over the same period last year. Investors added $6.36bn to active ETFs in June alone, according to ETFGI, taking their share of total European ETF inflows for the first half to around 10%. The wider European […]

The London Stock Exchange is preparing to launch a separate overnight venue, with exchange-traded products set to become the first securities available for near-continuous trading. The London Stock Exchange (LSE) has announced plans to introduce trading in exchange-traded products (ETPs) for almost 24 hours a day, five days a week. The new venue, London Stock […]

Ruffer Investment Company (RICA) reported a positive return for the year ended 30 June 2026, as strong contributions from equities and precious metals outweighed the cost of maintaining portfolio protection in what the manager described as another year dominated by AI enthusiasm and geopolitical uncertainty. The trust generated a NAV total return of 4.6% over […]

Veteran UK equity investor James Henderson is to retire from Janus Henderson in June 2027, bringing to a close a 44-year career in fund management and ending one of the longest-running tenures in the UK investment trust sector. The retirement will see Laura Foll succeed Henderson as lead manager of both Law Debenture (LWDB) and […]

Home REIT (HOME) is facing further litigation from a commercial dispute with its former financial adviser, Smith Square Partners, which is seeking £1.62m plus interest and costs over an alleged unpaid contractual fee linked to the company’s portfolio disposal programme. Smith Square, which was appointed in February 2023 following the resignation of Home REIT’s brokers […]

Shareholders of Workspace Group (WKP) overwhelmingly voted in favour of the re-election of its current board members at its annual general meeting (AGM) today, and against the appointment of Saba’s nominees. Excluding the shares voted by Saba, which is Workspace’s largest shareholder with a 29.1% holding, the lowest number of votes cast in favour of […]

There were big votes against the re-election of two HICL Infrastructure (HICL) directors at yesterday’s AGM. A total of 247.1m shares (20.3% of those voting) were cast against the re-election of senior independent director Frances Davies and 280.6m (23.1% of those voting) against the re-election of the chair Mike Bane. QuotedData’s James Carthew said: “It […]

Prologis has raised its takeover proposal for SEGRO (SGRO), submitting what it described as its “best and final” offer valuing the UK logistics property company at around £14bn while asking for more time to negotiate a recommended deal. The revised proposal increases the share exchange ratio to 0.0920 new Prologis shares for each SEGRO share […]

Investors in Invesco Asia Dragon (IAD) will likely be pretty happy with an underlying investment return of 39.6% and a share price return of 44.7% for the 12 months to 30 April. However, on this occasion, an index-tracking fund might have done even better as the MSCI AC Asia ex Japan index returned 45.7%. The […]

On 21 July 2026, Melia Hotels International S.A. announced it would terminate all of its hotel management and commercialisation services in Cuba, and to disallow the use of the Melia brands and access to its services in Cuba, effective from 24 July 2026. All five of CEIBA’s hotels were branded as Melia. CEIBA is a […]

CVC Income & Growth’s most recent fundraising exercise has raised £16.5m gross. It will reissue 13,7775,823 Sterling shares (CVCG) out of treasury at a price of £1.1979 and 1,279 Euro shares (CVCE) at a price of €1.0955. In each case the shares are being issued at a 0.65% premium to NAV. The placing element of […]

River UK Micro Cap (RMMC) says its fund manager George Ensor has resigned. He will continue to manage the portfolio “while arrangements are made for a suitable successor or alternative management structure to be implemented”. The board is reviewing its options. QuotedData’s James Carthew said “George has done a great job for shareholders in a […]

International Public Partnerships (INPP) has committed up to €46m to support a new regional passenger rail concession awarded to BeNEX, its wholly owned German rail operations and rolling stock business. The Regionalverkehr Mainfranken concession will serve parts of Bavaria and Hesse and will be operated through BeNEX’s established agilis platform in southern Germany. Operations are […]

BlackRock has moved around €13bn of European-listed ETFs from optimised sampling to full physical replication, as the growing weight of major semiconductor and technology companies tests regulatory concentration limits. Optimised sampling allows an ETF to track an index without holding every constituent. This can reduce trading costs and operational complexity, particularly when an index contains […]

SEGRO has rejected a further revised takeover proposal from Prologis, arguing that the terms fail to reflect the quality of its portfolio, the scarcity of its platform and the value of its long-term growth prospects. The latest proposal, received on 17 July 2026, would offer SEGRO shareholders 0.0890 new Prologis shares for each SEGRO share. […]

Alternative Income REIT (AIRE) has urged shareholders to reject Glenstone REIT’s cash offer, arguing that it materially undervalues the company and could leave minority investors trapped in an illiquid, unlisted vehicle. Glenstone has offered 71.4p per AIRE share, but AIRE’s board says the headline figure overstates the value being offered. Should AIRE declare a fourth […]

Brunner Investment Trust (BUT) generated a net asset value (NAV) total return of 5.6% over the six months to 31 May 2026, compared with 12.0% from its 70% FTSE World ex UK/30% FTSE All-Share benchmark. A modest narrowing of the discount lifted the share price total return to 8.1%. The managers attributed the relative shortfall […]

The newly appointed board of Impax Environmental Markets (IEM), elected following Saba Capital’s successful campaign to replace the trust’s previous directors in June, has moved swiftly to terminate the trust’s investment management agreement with Impax Asset Management. The current manager has a contractual 12-month notice period, but the board has asked Impax Asset Management to […]

Prologis has raised its takeover proposal for SEGRO (SGRO), introducing a £2.7bn partial cash alternative as part of a third proposal that values the UK warehouse landlord at around £13.5bn. The US logistics property group’s latest proposal, submitted on 16 July and rejected by SEGRO’s board the following day, offers shareholders 0.0890 new Prologis shares […]

The board of Alternative Income REIT (AIRE) says it is assessing the terms of AEW UK REIT’s (AEWU) possible offer for the company, which was made last week and valued the company at 77.4p. This represented a premium of around 10.6% to the 70.0p offer made by its largest shareholder Glenstone. AIRE’s board says that […]

Worldwide Healthcare (WWH) made an 89% return from a basket of biotechnology takeover targets in the 15 months to 30 June as mergers and acquisitions accelerated in the sector’s rebound from a three-year bear market. Fund manager Sven Borho told shareholders at WWH’s annual general meeting in London this week that the impressive gain from […]

Biotech Growth (BIOG) has notched up its eighth M&A (mergers and acquisitions) success this year with US pharmaceuticals giant Eli Lilly snapping up psychedelic drugs company AtaiBeckley for $2.8bn, or $6.75 a share. Shares in Nasdaq-listed AtaiBeckley, a 1.1% holding for BIOG, surged 33%, or $1.79, to $7.15 above the offer price as the market […]

Biotech Growth (BIOG) saw a big vote against the re-election of Orbimed fund manager Geoff Hsu to the board at the annual general meeting in London yesterday. Although the co-manager, who runs its £330m portfolio with Josh Golomb, was re-appointed he received the support of 63.1%, or nearly 2.9m, of votes with 36.9%, almost 1.7m, […]

European thematic ETFs are attracting money again after two difficult years, with semiconductor funds overtaking defence strategies as investors increasingly target the infrastructure required to support artificial intelligence. Thematic ETFs attracted $13.31bn of net inflows in Europe during the first half of 2026, according to ETFbook data included in HANetf’s latest review of the European […]

A bid battle for Alternative Income REIT (AIRE) has broken out with AEW UK REIT (AEWU) returning to the fray with a possible higher all-share offer. AEWU, a top-performing £169m UK real estate investment trust, said it was “considering” offering 0.725 of its shares for each AIRE share, priced at a 6% discount to AIRE’s […]

Workspace (WKP) non-executive director David Stevenson looks vulnerable ahead of the real estate investment trust’s (REIT) annual general meeting on 23 July after proxy adviser Glass Lewis this week joined rival ISS in recommending shareholders vote against the investment columnist and publisher’s re-election to its board. The entire WKP board is under threat as activist […]