Third Point jumps after double-digit discount triggers 25% tender offer
US hedge fund manager Dan Loeb is to participate in the chance to sell Third Point Investors shares at a 2% discount to avoid owning more than 30% of the company.
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‘Astonishing’ consumers buoy JPMorgan duo after trust merger
Georgina Brittain and Katen Patel of the newly-merged JPMorgan UK Small Cap Growth & Income say it’s too easy to be gloomy and that prospects for smaller stocks are bright.
Care home Reits report rent recovery and stronger dividends
Recent results from Impact Healthcare and Target Healthcare real estate investment trusts point to recovery in care home sector even if their share prices remain on wide discounts.
Supermarket Income fund manager to receive £19m in event of bid
Real estate investment trust clarifies that fund manager Atrato Capital would receive two years of fees in a takeover, delisting or liquidation.
Schroder Euro Reit: Our discount is too wide for our growth portfolio
Julian Berney, chair of Schroder European Real Estate, thinks a 42% share price discount is unfair given the fund's exposure to 'winning cities'.
QuotedData’s morning briefing 2 April 2024 – TPOU, RSE, SONG
In QuotedData’s morning briefing 2 April 2024: Third Point Investors (TPOU) has announced a redemption offer to shareholders for up to 25% of the issu...
QD view – What goes down must come up?
The UK has become a bit of punching bag in recent times, stumbling from one crisis to another while presiding over an economy stuck in neutral. In man...
Baillie Gifford Shin Nippon offers 15% tender if slump continues
Increasing investor activism in Japan has upped the flight from small high-tech growth stocks, argues the trust, as it offers a 15% exit if performance doesn't improve by 2027.
Londonmetric says it won’t bid for UK Commercial Property
The coast seems increasingly clear for Tritax Big Box to clinch a merger with Abrdn stablemate UK Commercial Property after Londonmetric rules out making a counter bid.
Hipgnosis Songs: Fund manager fell ‘below music industry standards’
Shares in royalties fund leap as due diligence report accuses Hipgnosis Song Management of multiple failings and board says it will decide the company's future in a month.
Hipgnosis shares leap after damning report on fund manager makes sale more likely
Hipgnosis Songs jumps after due diligence report accuses Hipgnosis Song Management of multiple failings, paving the way for the royalty fund to sack the firm for breach of contract.
Newly enlarged Henderson High Income beats benchmark over 2023
Henderson High Income says its NAV total return for 2023 was +9.8% compared with the benchmark return of +8.1%, an outperformance of +1.7%. Unfortunat...
