Register Log-in Investor Type

Investment Companies News

Investment companies are companies set up to make investments on behalf of their shareholders (also called closed-end funds and, in specific circumstances, investment trusts).

27 Oct 2015

Good first half for BlackRock Smallers

Over the six months to the end of August 2015 BlackRock Smaller Companies’ net asset value increased by 9.0% to 1039.98p per share, outperforming its benchmark (the Numis Smaller Companies plus AIM (excluding Investment Companies) Index) by 6.6%. The Company’s share price increased by 14.0% to 925.5p per share over the same period. The FTSE […]

27 Oct 2015

BBGI takes 50% stake in North Commuter Parkway project in Saskatoon

BBGI is a 50% equity investor in the consortium that will design, build, finance, operate and maintain the infrastructure for a period of 30 years. The North Commuter Parkway Project involves the replacement of the 107-year-old Traffic Bridge in Saskatoon’s downtown core as well as the development of a new six-lane bridge crossing the South […]

27 Oct 2015

Weak markets drag down Aberdeen New Thai

Over the six months ended 31 August 2015, Thai equities dropped sharply. The SET Index fell by 19.2% on a sterling-adjusted basis. Aberdeen New Thai’s net asset value was similarly affected, falling 20.0% while the share price declined by 20.4% on a total return basis, to reach 357.6p. The baht’s depreciation against the pound during the period amplified […]

27 Oct 2015

JPMorgan Private Equity team moving to Fortress

JPMorgan Private Equity has announced that the it is in discussions to potentially transfer the existing investment management contract from JPMorgan Asset Management to an affiliate of Fortress Investment Group LLC.  As part of the deal, JPEL’s Board understands that the investment management team that has been responsible for managing the fund since its inception in 2005 (led […]

26 Oct 2015

Caledonia buys Gala Bingo

Caledonia Investments has agreed terms to acquire Gala Bingo Holdings Limited (“Gala Bingo”), the UK’s largest retail bingo operator, from Gala Coral Group Limited (“Gala Coral”) in a transaction which values the business at £241m. Led by Chief Executive Officer, Simon Wykes, and Chief Finance Officer, Alex Wood, Gala Bingo has a 38% share of […]

26 Oct 2015

Will Smith leaving CQS

City Natural Resources’ investment manager, CQS (UK) LLP, has informed the Board that Will Smith, co-manager of the Company’s investments, will be leaving CQS/New City Investment Managers.   Will’s co-management responsibilities have been passed to Keith Watson and Robert Crayfourd with immediate effect.  Accordingly, the Company’s investments will be co-managed by Ian Francis, Keith Watson and Robert […]

26 Oct 2015

Electra shareholders make 25% on their investment in a year

Electra has announced results for the year ended 30 September 2015 (which is a pretty fast turnaround!). The total return on net assets was and the return to shareholders were both 25%. The equivalent figures for the Morningstar private equity index were 10% and 13% and for the FTSE All-Share Index -2%. The dividend for […]

26 Oct 2015

Randgold Resources’ Tongon mine pays off shareholders’ loans

Randgold Resources’ Tongon gold mine has paid off its shareholders’ loans of US$448 million, used to partially fund the US$580 million capital investment in building the mine five years ago. The Tongon mine is located within the Nielle exploration permit in the north of Côte d’lvoire, 55 km south of the border with Mali. Randgold […]

24 Oct 2015

VinaLand NAV flat

VinaLand’s annual report says its NAV fell by 0.7% from 92 cents to 91 cents over the year that ended on 30 June 2015. The share price fell by 6.8% to 52 cents. $16m worth of shares were bought back during the year or 28.6m shares. Within the residential portfolio, more than 279 sales and […]

23 Oct 2015

Electra to mandatorily convert its CULS

Electra Private Equity has announced that it intends to exercise the mandatory conversion option in its 5 per cent. Subordinated Convertible Bonds due 2017.  The exercise of such option will automatically and mandatorily convert all of the outstanding Bonds into new ordinary shares of Electra.  Electra expects to deliver a notice to holders of the […]

23 Oct 2015

Hg Capital sells minority interest in JLA

HgCapital Trust has announced the sale of a minority interest in JLA to a group of institutional investors. JLA is a leading UK provider of business-critical asset maintenance services to SMEs. After the deal, finds managed by HgCapital will retain c. 62% of JLA’s equity. In addition to the sale of a minority equity interest, […]

23 Oct 2015

Energy exposure weighs on JPMorgan Global Convertibles

JPMorgan Global Convertibles has published results for the year ended 30 June 2015. The total return on the Company’s net assets was -1.0% and the return to shareholders was -4.8%. Three quarterly dividends totalling 3.375 pence per share were declared and paid during the year. Whilst income after expenses fell by 6.2% in the year, […]

23 Oct 2015

All change at Fidelity Asian Values

Fidelity Asian Values, got a new manager in the shape of Nitin Bajaj, a new benchmark – the MSCI All Countries Asia ex Japan Index, will use treasury shares for the first time, has cut its fees and is proposing changes to its investment policy. The proposed changes would extend the ways in which derivatives can […]

23 Oct 2015

BlackRock Greater Europe outperforms aided by Ryanair

BlackRock Greater Europe has announced results for the year ended 31 August 2015. The total return on net assets was 7.3% and the return to shareholders 6.8% both of which compare favourably with the 1.3% return on the FTSE World Europe ex UK Index. The dividend was upped from 4.7p to 5p. The manager’s report […]

22 Oct 2015

CQS New City High Yield sees uptick in early calls by bond issuers

CQS New City High Yield has published results for the year ended 30 June 2015. The return on net assets for the year was 1.0% but the discount widened and so the return to shareholders was -3.6%. They declared one interim dividend of 0.94p, two of 0.96p and one of 1.45p. The Company has in recent […]

22 Oct 2015

BlackRock World Mining fee cut

BlackRock World Mining has announced that, with effect from 1 October 2015, the management fee has been reduced to 0.8% of gross assets. If they invest in another BlackRock fund the underlying fee is rebated to the trust to avoid double charging. This is the second fee cut this year – in July the fee […]

21 Oct 2015

Lonmin proposes debt restructuring

Lonmin plc, the platinum producer with operations in South Africa, is proposing a financial restructuring to weather the low PGM price environment. The plan involves a US$400 million rights issue, a US$400 million new equity issue and an amendment of its debt facilities to replace the existing US$543 million, which matures in H1 2016. The […]

21 Oct 2015

Hammerson launches 10-year £350m bond

Hammerson has announced the successful launch of a £350m bond that matures in 2025. The bond has an annual coupon of 3.5% and the company says it was priced at 1.73% over the reference gilt rate. However, the company then entered into a transaction to swap the sterling bond nominal amount and coupon payments into […]

21 Oct 2015

NextEnergy Solar acquires assets in Dorset, Essex and Leicester

NextEnergy Solar Fund has announced the acquisition of three operational assets with a combined investment value of £22.1m. These are the 11.5MWp North Farm solar power plant in Dorset for £14.5m, the 5.0MWp Birch solar power plant in Essex for £5.3m and the 1.8MWp Thurlestone Leicester rooftop solar power plant portfolio in Leicestershire for £2.3m. […]

20 Oct 2015

Richard Titherington becomes co-manager of JPMorgan Asian

The Board of JPMorgan Asian Investment Trust has announced that Richard Titherington, Chief Investment Officer of J.P. Morgan Asset Management’s Emerging Markets & Asia Pacific Equities team, has been appointed co-manager of the Company’s portfolio with immediate effect. Richard’s appointment follows the Company’s announcement on 15th April, 2015, that Ted Pulling, co-manager of the Company’s portfolio for the […]

20 Oct 2015

Henderson International Income rating improvement drives performance

Henderson International Income has announced results for the year ended 31 August 2015. Over that period the fund underperformed the MSCI World ex UK Index on an NAV basis – returning 2.1% against 5.0% for the benchmark but the fund moved from a discount to a premium and so the return to shareholders was 12.2%. […]

20 Oct 2015

Change of senior manager at AXA Property Trust

AXA Property Trust say that AXA Investment Managers have informed the Board that after eight years as Senior Fund Manager, Martin McGuire has resigned his position at AXA Investment Managers and will leave the organisation on 27th November 2015. The Board wishes to thank Martin for his considerable contribution to the management of AXA Property […]

20 Oct 2015

Electra buys Photobox

Electra Private Equity, together with Exponent Private Equity, is pleased to announce the proposed acquisition of Photobox Group, Europe’s leading digital consumer service for personalised products and gifts. Present in 22 European markets, Photobox Group is the parent of the PhotoBox, Moonpig, PaperShaker, Sticky9, Hofmann, Posterjack and posterXXL brands. The group has a strong customer […]

16 Oct 2015

Rio Tinto expands iron ore production

Rio Tinto PLC continues to increase its iron ore production despite the recent history of poor prices and fears of a glut on world markets. Q3 production of iron ore was 86.1 Mt, 12% higher than the same quarter of 2014 and 8% above the Q2 2015 quarter. This takes YTD production (100% basis) to […]

16 Oct 2015

JPMorgan Smaller Companies’ results ahead of benchmark

JPMorgan Smaller Companies has announced results for the year ended 31 July 2015. Over that period the total return on net assets was 13.4%, which compares with 10.5% for the benchmark index (the FTSE Small Cap Index excluding investment trusts). The return to Ordinary shareholders was 14.6% reflecting a slight narrowing of the share price discount […]

16 Oct 2015

BlueCrest BlueTrend proposes wind up

BlueCrest BlueTrend has announced that, following completion of the tender offer made in June 2014 by BlueCrest BlueTrend Limited (the “Company”), the Directors have continued to monitor the Company’s size against the provision in the Company’s articles of incorporation that requires a continuation vote to be put to shareholders if the average net asset value […]

15 Oct 2015

Alpha Pyrenees extends its borrowing facilities until April 2016

Alpha Pyrenees has announced a new extension of its loan facilities with Barclays Bank PLC to 15 April 2016. The maturity date for its borrowings (€257.8m) was 15 October 2015. The company says that current interest rates will continue to apply to the facilities during the new extension period. Arrangement fees (charged at 2% per […]

15 Oct 2015

VinaLand sells NPV project

On 14 October VinaLand announced it had sold its NPV project in Danang. The Project is a future development site and was acquired by VinaLand in 2007 for development into a dual purpose commercial and residential project.  The divestment of this project is consistent with the Company’s strategy to divest selected assets by the end […]

15 Oct 2015

Dexion Absolute avoids triggering a wind up

Back in July 2015, Dexion Absolute announced that, if any class of its then share classes (Sterling, Euro and US Dollar) traded at an average 5% discount or wider for the three months from 1 July 2015 to 30 September 2015 or from 1 January 2016 to 31 March 2016, the board would put forward […]

15 Oct 2015

Qatar Investment Fund proposes 14% tender offer

The Qatar Investment Fund has announced a proposed tender offer to purchase up to 14% of the company’s issued share capital. The tender price will be a 1% discount to the Formula Asset Value on the 2 December 2015 with the results of the tender offer announced on 7 December 2015. The board says that […]

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…