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UK smaller companies fund that last month fired Gresham House seeks to recover £300,000 in fees paid to its former fund manager after learning its valuation has been overstated by 2%.
Renewable energy fund becomes the biggest investment company money-raiser so far this year with 2021's second-biggest share issue.
AIM-listed activist investor considering whether to wind up and return £128m of assets to shareholders or reconstruct fund after losing its own battle with an activist US investor.
UPDATE: The UK stock market held on to its early gain despite a surge in Covid infections in Europe, fears of tighter US interest policy and forecasts of volatile markets next year.
The FTSE 100 rose on Wednesday, driven by gains among resources stocks as commodity price inflation shows little sign of levelling off.
AIM-listed activist investor is considering whether to wind up and return £128m of assets to shareholders or reconstruct the fund after losing its own battle with an activist US investor.
It’s 130 years since the first investment trusts backed US railways. Today, they look appealing again to UK investors worried about inflation.
Fidelity European’s Sam Morse explains he is optimistic because strong corporate earnings growth and efficiency gains justify current stock market levels.
With Chinese tech giants trading at half their share price peaks, value is now starting to emerge, says Fidelity Emerging Markets fund manager Nick Price.
Activist AIM-listed fund is to wind up and return £128m to shareholders after a continuation vote was blocked by a US discount hunter.