London’s first listed energy efficiency fund, SDCL Energy Efficiency Income, is latest trust to hit key £100 million figure at launch.
CatCo Reinsurance Opportunities shares plunge as analysts question future of alternative investment company which raised £400 million from investors a year ago.
Simultaneous entry of Woodford Patient Capital and Smithson investment trusts into FTSE 250 points to rivalry of their star investors but underscores how Terry Smith has supplanted Neil Woodford as UK’s most successful fund manager.
Half-year results from Monks show global investment trust taking different tack from stable mate Scottish Mortgage, trading profits in big online platforms for new positions in food delivery apps such as UK’s Just Eat and China’s Meituan Dianping.
High-yielding lender to drugs companies stands to earn $39 million in early repayment fees after its biggest borrower, US cancer specialist Tesaro, fell to a $5.1 billion (£4 billion) bid from Britain’s GlaxoSmithKline.
Smithson, star fund manager Terry Smith’s new global smaller companies investment trust, releases some details of its 29 investments, which include a stake in British property portal Rightmove.
‘The cities that will be winners from a hard Brexit are Berlin, Paris, Amsterdam and Dublin, and we have exposure to them,’ says fund manager Jeff O’Dwyer as three-year-old investment trust nears full deployment and achieves its dividend target.
The Brexit uncertainty plaguing real estate investment trusts (Reit) underlined by decision of care home investor Impact Healthcare to postpone £150 million fund raise.
Templeton Emerging Markets introduces dividend reinvestment plan to enable shareholders to plough back investment trust's growing income into its shares and reduce their wide discount to asset value.
Shares in shopping centre owner slump 39% after a consortium led by its deputy chairman John Whittaker drop acquisition plans prompting group to warn it would cut its dividend.