Brunner Investment Trust (BUT) released its annual results for the period ended 30 November 2023. The company’s NAV total return was 8.7%, versus 5.5% for the composite benchmark (70% FTSE World Ex. UK / 30% FTSE All-Share). This marks the 5th consecutive year of outperformance of the benchmark by the trust. Despite the outperformance, the […]
Life Science REIT has fully let Building 5 at Oxford Technology Park (OTP), covering 57,000 sq ft to WAE Technologies Limited. The technology and engineering services provider, which delivers innovative solutions to a range of sectors including green energy, medical engineering and automotive, has signed a 10-year lease and will pay an annual rent of […]
February 2024 Monthly | Investment companies Kindly sponsored by abrdn Winners and losers in January 2024 As with 2023, markets remained beholden to the trajectory of interest rates and inflation in January. Having steadily drifted downwards over the last month of the year, bond yields rose after an unexpected increase in inflation, with the data […]
Economic and Political Roundup Investment companies | Monthly | February 2024 Amid the heightened geopolitical friction that has continued from December, global returns in January were relatively solid. In the US, GDP grew at an annualised 3.3% in the fourth quarter of 2023, while a blockbuster jobs report at the beginning of February reignited inflation […]
Chrysalis Investments Investment companies | Update | 7 February 2024 Turned a corner Chrysalis Investments (CHRY) seems to have turned a corner. The welcome 6.5% jump in the NAV over the final quarter of 2023 (see page 11), encouraging news from many portfolio companies, an NAV enhancing (but unnamed) disposal in the works (see page […]
Hipgnosis Songs Fund (SONG) has provided an update on ongoing litigation between Hipgnosis Music Limited and Mr Mercuriadis, Hipgnosis Songs Management (SONG’s investment adviser, which is majority owned by funds managed and/or advised by Blackstone) and SONG. Hipgnosis Music Limited (of which Mr Mercuriadis was a director from 16 June 2015 and is still shown […]
In QuotedData’s morning briefing 2 February 2024: On 1 February 2024, Apax XI Fund announced that it had closed the acquisition of WGSN, a consumer trend forecaster, from Ascential Plc. Apax Global Alpha (AGA), which is a limited partner in Apax XI, says that it has invested approximately €21.5m in WGSN on a look-through basis […]
Henderson Opportunities Trust (HOT) has published its annual report. In a difficult backdrop for smaller companies, HOT says that it has been a very disappointing year for the company in both absolute and relative terms. HOT reported a NAV total return of -9.3% and a share price total return of -12.2%. Over the same period, […]
In QuotedData’s morning briefing 1 February 2024: CVC Income & Growth (CVCE / CVCG) is holding a tender offer in March. As part of this it is offering shareholders the chance to sell their shares on to third parties rather than wait for the tender. The broker Winterflood will try to sell the shares but […]
The business of the EGM will be to consider and, if thought fit, approve a related party transaction. As previously announced, the Company has entered into new arrangements relating to the management of the Company. In summary, with effect from 1 April 2024: – the appointment of Jupiter Investment Management Limited (“JIML”) as portfolio manager and […]
