3i Group eyes £25bn market value after Action’s ‘strong start’
Shares in retailer-dominated private equity group jump 8.4%, extending their premium over net asset value, after an encouraging trading update and shareholder briefing.
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UKCM and Big Box rise as another Abrdn trust merger is sealed
Real estate investment trusts UK Commercial Property and Tritax Big Box rise after finalising terms for a £6bn merger.
Discount frustration drove Henderson EuroTrust to merge
Nicola Ralston, chair of Henderson EuroTrust, says frustration at the fund's double-digit discount led to its agreement to merge with Henderson European Focus Trust.
Ex-Laxey activist pops up at Abrdn Property to demand wind-down
Abrdn Property Income’s sale of two holdings at asset value convinces former Laxey Partners activist Andrew Pegge it should wind down slowly and not sell at steep discount to rival Custodian.
Riverstone: Tender some shares in this rapidly recovering energy fund
Shareholders in Riverstone Energy have just two days to decide whether to sell shares in the investment company’s £158m tender offer.
Terms of Tritax Big Box and UK Commercial merger agreed
The Boards of Tritax Big Box REIT (BBOX) and UK Commercial Property REIT (UKCM) have reached agreement on the terms of a recommended all-share merger....
JPMorgan Claverhouse hit by discount widening
JPMorgan Claverhouse has published its results for 2023. Its returns came in just behind those of the All-Share Index, returning 7.3% in NAV terms to ...
Literacy Capital knocks it out the park again
Literacy Capital has published results for the year ended 31 December 2023 and they are very good. The NAV increased by 19.0% and the share price by 3...
QuotedData’s morning briefing 21 March 2024 – GIF, HEIT
In QuotedData’s morning briefing 21 March 2024: Gulf Investment Fund (GIF) is holding its regular 100% tender offer. Shareholders holding shares at th...
Urban Logistics REIT pulls out of merger talks
Urban Logistics REIT has announced that it will not proceed with a offer for abrdn Property Income Trust. The company had made a merger proposal to th...
JPMorgan American sees second co-manager announce his retirement
Value fund manager Jonathan Simon announces plan to retire next year weeks after growth co-manager Timothy Parton hung up his boots on the top-performing US fund.
Eight investment trusts join AIC’s next generation of ‘dividend heroes’
From private equity to wind assets, eight funds have delivered consecutive annual dividend growth for a decade.
