‘Buy’ Temple Bar as bids and buybacks provide the catalyst UK badly needs
‘Valuation agnostic selling’ by investors has depressed the UK stock market but a rebound is on the cards and this equity income trust is a good way to play it.
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UK bid frenzy drives Fidelity Special Values ahead of benchmark
Five of the UK investment trust’s top-10 performers attracted takeover approaches or speculation in the trust’s half-year to February, says fund manager Alex Wright.
UK ‘dislocation’: Schroder Income Growth makes first buyback in 16 years
UK equity income trust’s one share transaction is not much but, seen in the context of £100bn of company share buybacks and a surge in bids, it shouts the extreme value in domestic stocks.
Columbia drops Sam Cosh from European Assets and cuts fee
Columbia Threadneedle appoints Mine Tezgul, head of its European smaller companies team, to run the £350 trust struggling after a long period of underperformance.
Positive outlook for Chrysalis after solid start to the year
Chrysalis Investments (CHRY) announced a trading update for the three month period to 31 March 2023. The company saw a 4.09 pence per share increase i...
QuotedData’s morning briefing 2 May 2024 – EAT, TRIG
In QuotedData’s morning briefing 2 May 2024: European Assets Trust (EAT) announced that Mine Tezgul will succeed Sam Cosh as the company’s lead invest...
Charlotte Cuthbertson: MIGO’s positioning for the biotech recovery
The co-manager of MIGO Opportunities Trust says that increased M&A, interest rate cuts, rising drug approvals and robust innovation will drive the biotech bounce-back higher.
Falling inflation weighs on ‘excellent’ value HICL Infrastructure
Inflation-linked income fund reports small fall in net asset value, prompting analysts to debate how good value shares in the 6.8% yielder are on a 21% discount.
Abrdn Private Equity takes Patria name after Abrdn sale closes
Cayman Islands-based Patria Investments completes its acquisition of Abrdn’s private equity business. Alan Gould will continue to manage the Europe-focused trust, now called Patria Private Equity.
Cost disclosures – House of Lords writes to FCA
Lord Forsyth of Drumlean, chair of the Financial Services Regulation Committee, has written to Nikhil Rathi, chief executive of the Financial Conduct ...
Asian Energy Impact suspends shares again
Renewables fund, which emerged from an 11-month suspension in March, misses a 30 April deadline to publish its 2023 annual report and is suspended again.
Managed run off continues for Aquila Energy Efficiency Trust
Aquila Energy Efficiency Trust (AEET) announced its annual results for the year end December 31 2023. The company saw a NAV total return of 0.3%, whil...
