European Opportunities Trust (EOT) has issued an update on the vote on Tuesday when shareholders approved its wind-down. This reveals 58% of shares in the £456m investment trust chose to switch into JPMorgan European Growth and Income (JEGI) meaning the top performer will receive £265m of assets to take it to just under £900m. A […]

Europe’s fragmented ETF market is set to gain its first consolidated source of trading data after the European Securities and Markets Authority authorised EuroCTP to operate the EU’s consolidated tape for shares and exchange-traded funds. The tape will combine real-time trading information from exchanges, multilateral trading facilities and approved publication arrangements into a single data […]

Henderson Smaller Companies (HSL) has narrowly outperformed its stock market benchmark for the first time in five years under new lead manager Indri van Hien. Hien took charge of the £517m investment trust last September following the retirement of Neil Hermon, who had run the listed fund for over 22 years.  Assisted by deputy manager […]

Half-year results from SEGRO (SGRO) underline why US industrial real estate investment trust Prologis is keen to buy the European warehouse and data centre developer. SEGRO, which last week said it was minded to accept an improved £14bn shares and cash offer from Prologis, lifted its interim dividend by 4.5% to 10.14p per share after […]

Hammerson (HMSO), the £2bn UK real estate investment trust, has launched a £190m share issue to fund the £218m acquisition of a 50% stake in the Manchester Arndale shopping centre. The company is buying from Palma Arndale BidCo, which represents the investor consortium that bought the holding when its previous owner Intu collapsed in 2020. HMSO […]

Update: MIGO Opportunities Trust (MIGO) fund managers Tom Treanor and Charlotte Cuthbertson have backed the call from a fellow activist investor for Gresham House Energy Storage (GRID) to put itself up for sale. In their second quarter report, Treanor and Cuthbertson said the £533m battery fund was their biggest contributor to MIGO’s 5.9% investment return […]

PIMCO has launched a European ETF that combines exposure to US large-cap equities with an actively managed bond portfolio. The PIMCO Advantage StocksPLUS US Large Cap UCITS ETF aims to outperform the S&P 500 by adding returns generated through PIMCO’s fixed-income investment process. Rather than attempting to beat the index through stock selection, the strategy […]

Mobius (MMIT), the £113m emerging markets smaller companies trust, has bounced back from a difficult 2025 with a first half leap of 23% helped by gains on suppliers to the artificial intelligence (AI) revolution while cutting losses from AI losers. The underlying return in net asset value (NAV) underpinned a 22.2% advance for shareholders in […]

Aberforth Smaller Companies (ASL) has emerged unscathed from the turbulent first half as its stock picks notched up a 5.5% total portfolio return to beat the 1.8% rise in the Deutsche Numis Smaller Companies index. Share buybacks of £37.1m in the six months to 30 June helped to slightly narrow the share price discount and […]

Unite (UTG), the UK’s biggest student accommodation provider, is to pull out of nine cities in the next two years as the real estate investment trust reorganises its portfolio around the country’s 20 strongest universities.  Under pressure after a 45% share price slump since unveiling its £634m top-of-the-market acquisition of Empiric Student Property last summer, […]

Biotech Growth (BIOG) has bagged its second bid for a company in a month with Forte Biosciences, a US immunological drug developer accounting for 3% of its portfolio, agreeing to a $2.2bn cash offer from Argenx SE, a Belgian-Dutch pharmaceutical company. Argenx yesterday agreed to pay $77 a share, 40.5% more than Forte’s closing price […]

Cordiant Digital Infrastructure (CORD) says its underperforming New York data centre, Hudson Interxchange, is “closer to breakeven” after signing a major new customer contract and receiving an expansion order from an existing customer. CORD bought 60 Hudson Street for £56m in January 2022 saying it was the “most interconnected facility in one of the most interconnected […]

Literacy Capital (BOOK), the £180m UK private equity fund focused on smaller businesses, is considering a move to the London Stock Exchange’s Main Market to boost its profile with investors. Shares in BOOK, which have been on the LSE’s Specialist Fund Segment since the investment trust listed in June 2021, stand nearly 38% below the […]

Shares in CEIBA Investments (CBA) have been suspended after the £48m Cuban commercial property fund fell foul of recently strengthened US sanctions against the Caribbean island. In a statement on Friday afternoon, CEIBA, an investor in Cuba’s hotel and tourism sector, warned of the “severe immediate implications” of being placed on the US Department of […]

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 […]