Stock markets in Europe and Asia fell and precious metals rallied after the European Union considered retaliating against US president Donald Trump’s threat to impose 10% tariffs in a dispute over Greenland. The Financial Times reported EU capitals were considering hitting the US with €93bn of tariffs, or restricting American companies from the bloc’s market, […]
A government-backed campaign to expand private investor involvement in corporate bonds is launched today with the support of the London Stock Exchange and Financial Conduct Authority. According to The Times, chancellor Rachel Reeves is due to proclaim “a new golden age” for retail investing in corporate bonds as part of the Treasury’s effort to put […]
President Trump’s attacks on the independence of the Federal Reserve – the US central bank – have ratcheted up significantly in recent weeks. For the past year (and indeed during much of his first term) Trump has made no secret of his frustration that the chairman, Jerome Powell (who Trump himself originally nominated) has not […]
Impax Environmental Markets (IEM) is following Herald (HRI) in launching a 100% tender offer in a bid to extricate itself from Saba Capital. The activist hedge fund has built a 20.7%, or £189m, stake in the £763m investment trust and its board fears it is trying to gain control. The exit opportunity, which IEM calls […]
Doric Nimrod Air Three (DNA3) has delisted after completing the £142.3m return of capital through the compulsory redemption of all its shares following the sale of its last A380 plane to Emirates Airline. RTW Biotech Opportunities (RTW) says having benefited from this year’s first US biotech flotation of Atkis, it has now made a gain […]
At least 96% of Finsbury Growth & Income (FGT) shareholders have voted for the 100-year-old investment trust to continue, chairman Pars Purewal declared this afternoon. While the result – based on votes of 34% of the company’s shares – represents a clear vindication of the board’s decision to support fund manager Nick Train through five […]
Winterflood analysts have made nine changes to their annual investment company recommendations, adding four new names and removing five as they maintain their preference for larger and more liquid London-listed funds. Starting with the additions, the broker’s investment company analyst team, led by head of research Emma Bird (pictured above), switched from Temple Bar (TMPL) […]
Bankers (BNKR), the £1.3bn global equities investment trust, is banking on companies continuing to spend big on artificial intelligence as it looks to sustain its improved performance following a shift into US technology stocks last year. The Janus Henderson managed trust, which appointed technology fund manager Richard Clode as co-manager late last year, upped its […]
Saba Capital, the activist hedge fund challenging Edinburgh Worldwide and Workspace investment trusts, has increased its position in Gore Street Energy Storage (GSF) from 10% to 11.1%. Shares in the £270m international battery fund have risen 20% in the past year as the company takes steps to recover from a downturn in 2024 but still […]
The Serious Fraud Office has announced that it has today conducted a major operation involving raids and arrests, as it announces a new £300m bribery and fraud investigation into the past management of Home REIT. Searches and arrests were made at homes in Altrincham, Maidenhead and London, a commercial site in Manchester, and a home […]
The UK government has announced a record 8.4GW offshore wind auction but with no involvement from listed infrastructure funds struggling with deep share price discounts and a shortage of capital. US private equity group KKR and German utility RWE were the main winners alongside the UK’s SSE (SSE) and Copenhagen Infrastructure Partners in the UK’s […]
Saba Capital, the activist hedge fund seeking to take control of Edinburgh Worldwide, has launched its next campaign, pressing Workspace Group (WKP) to enter a managed wind-down. Saba holds a 13.5% stake in the £786m real estate investment trust (REIT) and flexible office space provider. It has issued an open letter to its board urging […]
AVI Japan Opportunity (AJOT) has seen 10.9%, or £47.7m, of shares tendered in its annual 100% exit opportunity following its merger with Fidelity Japan in November. The £438m investment trust will buy the nearly 26.9m of shares that were tendered at a 2% discount to net asset value at a price to be announced later […]
Edinburgh Worldwide (EWI) has published its annual report, confirming the dramatic doubling last month in the valuation of SpaceX, its biggest holding. In so doing, the results for the year to 31 October underline the strength of the investment trust’s argument against Saba Capital, the 30.7% shareholder that is attempting to seize control of its […]
Picton Property Income (PCTN), a £400m real estate investment trust that has previously spoken of its ambition to be an acquirer in a consolidating sector, has put itself up for sale. Launching a strategic review in response to the persistent undervaluation of its shares, which yesterday closed at a 24% discount, chair Francis Salway said […]
Saba Capital has lifted its stake in SDCL Energy Efficiency Income (SEIT) from 10% to 11%. Most of the position is in total return swaps. Shares in the £564m renewable energy infrastructure fund stand on a 41% discount. Last month its board warned it may not recommend shareholders vote for the company’s continuation this year after debt […]
Columbia Threadneedle, the US fund management giant behind F&C (FCIT) investment trust, has joined the influx of North American groups expanding into the European active exchange-traded funds (ETF) market. The launch of the Dublin-based US and European Equity Active ETFs represents an extension of its $29bn QR (Quant Redefined) business in the US, the Boston-based […]
Finsbury Growth & Income (FGT) fund manager Nick Train has revealed he had been “definitely thinking about” investing in Rolls-Royce (RR), the UK aerospace and engineering group that has made a stupendous three-year recovery under chief executive Tufan Erginbilgic. News that Train has held off buying a stock that has soared from 106p to nearly […]
(Update) Baillie Gifford has issued a statement clarifying the decision to sell a third of Edinburgh Worldwide’s stake in SpaceX “was not made to facilitate a merger” with Baillie Gifford US Growth (USA). Responding to questions asked by activist hedge fund Saba Capital, which has accused the board of Edinburgh Worldwide (EWI) of acting in […]
RTW Biotech Opportunities (RTW), the tenth-best performing investment company last year, has backed the first biotech flotation of 2026. Atkis Oncology raised $318m by listing on Nasdaq on Friday at $18 a share, giving RTW a 12.6% uplift on the cancer specialist that accounted for 0.6% of its assets at 30 November. The stock rose […]
Federal Reserve chair Jerome Powell has denounced an “unprecedented” investigation by the US justice department into evidence he gave to the Senate as politically motivated and the latest example of President Trump’s anger at him for not cutting interest rates more quickly. Responding to news that the Federal prosecutors on Friday served the agency with […]
Regular followers of QuotedData’s coverage of investment companies, and, increasingly ETFs, will hopefully know that, as each new year approaches, we ask each of our analysts to come up with a couple of stocks ideas for the year ahead. One is a relatively mainstream core investment idea, and the other is a spicier idea that […]
Jonathan Simpson-Dent, chair of Edinburgh Worldwide Investment Trust, urges shareholders to vote against Saba for the trust’s long-term future. Learn more about the upcoming vote: Edinburgh Worldwide Investment Trust | Individual Investors | Baillie Gifford Capital at risk.
Jonathan Simpson-Dent, chair of Edinburgh Worldwide Investment Trust, urges shareholders to vote against Saba for the trust’s long-term future. Learn more about the upcoming vote: Edinburgh Worldwide Investment Trust | UK Intermediaries | Baillie Gifford Capital at risk.
Seraphim Space (SSIT) has reported a strong end to 2025 across several of its core holdings, as the wider space technology sector continues to transition from speculative promise to commercial execution. The standout news came from ICEYE, which secured a landmark €1.7bn contract with the German Armed Forces via its joint venture with Rheinmetall. Alongside […]
Life Science REIT (LABS) has reported a 7.8% fall in its portfolio valuation over the second half of 2025, with its EPRA NTA per share declining by 13.0% over the same period. As at 31 December 2025, the portfolio was valued at £332.6m, down from £360.6m at 30 June 2025. The unaudited EPRA NTA stood […]
Unite Group (UTG), the UK’s largest provider of purpose-built student accommodation, has launched a £100m share buyback programme alongside the release of its Q4 update, which has reaffirmed earnings guidance and provided further clarity on developments, lettings and fund valuations. The buyback, set to run until June 2026, reflects the company’s revised capital allocation strategy […]
The board of Edinburgh Worldwide Investment Trust (EWI) has received another significant endorsement in its battle to fend off activist investor Saba Capital. Glass Lewis, the independent proxy advisory firm, has recommended shareholders vote against all of Saba’s proposals at the upcoming requisitioned general meeting scheduled for 20 January 2026. We have also written an […]
Herald Investment Trust (HRI) has announced plans to launch a tender offer allowing shareholders to realise up to 100% of their shares at close to NAV. The move is aimed at resolving ongoing tensions with activist investor Saba Capital, which holds approximately 30.7% of the company. The Board says the tender offer gives shareholders a […]
Update: The first investment company merger of the new year has been announced with Shires Income (SHRS) agreeing to fall on its sword and merge with stablemate Aberdeen Equity Income (AEI). Shires, a £123m, 5%-yielding UK equity income trust run by Aberdeen’s Iain Pyle, will enter into voluntary liquidation with shareholders able to roll over […]
