There has been much press speculation in recent weeks that the Chancellor Rachel Reeves intends to reduce the cash ISA allowance from its current level of £20,000 per annum. The Financial Times reported on 30 June that an announcement is expected in the Mansion House speech on 15 July. Whilst no final decision on the […]
Polar Capital Technology (PCT) has rebounded strongly from a “challenging” year in which a Trump market rally turned sour and the launch of China’s DeepSeek threatened to eclipse US dominance in artificial intelligence. Despite this its fund managers say AI is the most “exciting” market they have ever seen. Annual results today showed the investment trust’s […]
Polar Capital Global Financials Trust (PCFT) recently provided investors with an opportunity to cash in their entire holding at net asset value (NAV, i.e. after costs). We argued strongly that the trust still has a bright future ahead of it and it was pleasing to see that holders of well over half the shares opted […]
Abrdn European Logistics Income sells over £57m of properties in its managed wind-down and promises a return of capital next month once further disposals are made. Plus news from Schroder European Real Estate, Custodian Property Income, Georgia Capital and a reminder from Schroders Capital Global Innovation of this month’s £37m tender offer.
Update: We’re in ping pong territory in the bid battle for Warehouse REIT (WHR) after Blackstone yesterday trumped a rival offer from Tritax Big Box for the logistics fund, prompting its board this morning to swing its recommendation back to the US alts group. Blackstone, which first approached Warehouse in March, has upped its cash […]
The Renewables Infrastructure Group (TRIG) has welcomed the government’s decision not to introduce zonal energy pricing but called on ministers to speed up “pressing” reform of a national electricity grid clogged by delays and a lack of capacity. “With zonal’s shadow lifted, policymakers must now turn their focus squarely onto grid reform to unlock infrastructure […]
Ruffer (RICA) has bolstered its defences against a summer sell-off, adding more equity put options to lock in gains should concern over US debts and President Trump’s animosity to Federal Reserve chair Jay Powell boil over. “Trump is accelerating his campaign against the Federal Reserve under chair Jay Powell and its failure – in his […]
Worldwide Healthcare Trust shareholders express concerns about the independence of the board, RTW Biotech Opportunities sees a portfolio company bid for by Merck, Invesco Global Equity Income announces 7.8% dividend increase and SDCL Efficiency Income takes step to cutting debts and returning capital.
SpaceX is looking to achieve its second big valuation increase in a year in a further round of fund raising and share sales that could be good news for Baillie Gifford trusts, including Scottish Mortgage and Edinburgh Worldwide which both hold the company as their largest holdings. According to a Bloomberg report this week, SpaceX […]
Saba Capital’s position in Herald investment trust has exceeded 30%, raising the prospect of the activist hedge fund having to make a bid for the £1.2bn global technology fund run by Katie Potts at Herald Investment Management. The disclosure by Saba Capital yesterday evening that it held just over 30% of voting rights in Herald […]
HgCapital Trust (HGT), a £2.3bn private equity fund focused on business technology, has taken a stake in US cybersecurity vetting firm A-LIGN. HGT is putting £48m into the Florida-based company, which provides security audits to 5,700 firms, an area of growing demand as businesses face increasing threats from AI-powered hackers. The investment company is co-investing […]
This morning sees positive updates from two real estate investment trusts: British Land and LondonMetric.
India Capital Growth, the best performer in its sector over three and five years, is giving shareholders the chance to sell their shares on a narrow discount. India Capital Growth (IGC) has announced that at its third two-yearly redemption point on 28 November shareholders will be able to sell all their shares at 3% below […]
Student accommodation provider Unite reiterates its annual earnings target despite a slowdown in bookings, Schroder British Opportunities invests in insurance broker JMG and Cuban property fund Ceiba pays money owed to Aberdeen, its former asset manager, and holders of its convertible bonds.
Investment company M&A and corporate activity hit a new high in the first half of the year with 17 mergers, acquisitions and liquidations, says Association of Investment Companies. The winds of change are clearly blowing hard in the UK investment companies’ sector but what is the correct meteorological term to describe the rapid pace of […]
Vietnam can get back to concentrating on the strong fundamentals of its economy, say fund managers Dragon Capital and VinaCapital, after Hanoi and Washington agreed a draft trade deal last week. Hanoi’s draft trade deal with the US last week has reassured leading investors in Vietnam that the impact of tariffs will be less than […]
After a disappointing year, Oryx International fund manager and small company activist pins hope on UK revival continuing in response to Trump turmoil. Oryx International Group (OIG), the £169m global smaller companies trust run by activist Chris Mills, has reported a “disappointing” 2.4% drop in assets for the year to 31 March but is encouraged […]
PHP excited by ‘compelling’ outlook for real estate as the investment trust seeks to clinch a takeover of rival Assura. Primary Health Properties (PHP) has reported positive half-year results, saying it is excited about the ‘compelling’ outlook as the real estate investment trust seeks to clinch a takeover of rival Assura (AGR) that would boost […]
In QuotedData’s morning roundup we have: Partners Group Private Equity reporting a monthly gain, Aurora UK Alpha appoints ex-Fidelity executive Alex Denny to the board and Ceiba, the highly discounted Cuban property investment company, recruits three non-execs to its board.
At the beginning of this year, we once again challenged our analysts to come up with some ideas for investment companies that they liked, and thought could do well over the course of this year. Click here to read the original article which set out our analysts’ thinking and why they liked the stocks. We […]
Emerging market nations and companies are reshaping the global economy, and a convergence of powerful, long-term trends is accelerating this shift. Discover standout growth companies positioned to capitalise on this transformation and how you can benefit. Baillie Gifford’s Andrew Keiller explains. Capital at risk.
3i Infrastructure (3IN) has made a good start to its financial year with the shares recovering from the April squall caused by Donald Trump’s tariffs. For the first quarter to 30 June, 3IN said its portfolio companies were either performing in line with or above expectations and generated total income and non-income cash of £63m. […]
In QuotedData’s morning 4 July 2025: Nick Train now has almost a 4% stake in FGT, Empiric is giving Unite more time to finalise its bid. JEMA’s court cases in Russia have been postponed again. We also have: Did you see from yesterday?
The former Woodford Patient Capital Trust is winding down and returning £37m to its long-suffering shareholders in a ‘tender offer’ this month. Should they sell some, all or none of their shares? The situation is not straightforward as, despite its historic problems, the investment trust has backed some valuable companies under its current managers at […]
Gresham House Energy Storage has signed long-term floor-pricing agreements with Statkraft Markets and Markel Bermuda. Both counterparties are part of corporate groups with investment-grade status. These agreements supplement the existing two-year tolling agreements with Octopus Energy over 568MW of the trust’s capacity, and will significantly increase GRID’s long-term contracted revenues over the next ten years. […]
Seraphim Space has published its newsletter for June 2025. Portfolio update Voyager Technologies achieves milestone with NYSE IPO debut Voyager Technologies made a strong debut on the New York Stock Exchange, opening at $69.75 (more than double its $31 IPO price), before closing day one at $56.48, marking an 82.2% surge and a valuation of […]
The board of Murray Income has decided to launch a strategic review of the company. It says that it is looking at the “options available to the company in the pursuit of delivering improved performance and returns for its shareholders, whilst continuing to provide an attractive yield from a portfolio predominantly focused on UK equities”. […]
In QuotedData’s morning briefing 3 July 2025: JPMorgan Global Growth and Income dividend to rise. Crystal Amber’s Morphic Medical gets EU approval. We also have: Did you see from yesterday?
Monks Investment Trust has published results covering the 12 months ended 30 April 2025. The trust was doing reasonably well ahead of ‘Liberation Day’ in early April. However, it was caught up in the resulting sell off and finished the year with an NAV return of just 0.1%. The discount widened from 8.5% to 10.1%, […]
Baker Steel says Polar Acquisition (which it has a 49.99% stake in) is selling its net smelter royalty related to the Prognoz silver project. The sale is for $11m in cash. Baker Steel’s look through share of that is $5.16m, which should arrive in Q3. The value of the royalty in the end May NAV […]
