Investment trust activist Peter Spiller emerges with 3% stake in Gabelli Value Plus to back moves to wind up poorly performing US value fund.
Specialist real estate investment trusts continue to distinguish themselves from mainstream property rivals with a flurry of good news.
Ground Rents Income fund manager James Agar believes its portfolio of freeholds will help it ride out the impending recession, particularly as he plans to benefit from Boris Johnson’s plan to ‘build, build, build’.
Builders rally on reports chancellor Rishi Sunak will unveil a stamp duty ‘holiday’ to stimulate the housing market. Scottish Mortgage and Fidelity China Special Situations rally on leap in Chinese stock markets.
European Opportunities fund manager Alexander Darwall apologises to shareholders for holding a large position in Wirecard, the Germany payments processor that collapsed in a massive accounting scandal last month.
Hipgnosis Songs (SONG), the royalties fund that owns the rights to 13,000 tunes including Amy Winehouse hit Back to Black, looks to raise over £200m in a share issue aimed at institutional and private investors.
(Update) A record rebound in US employment data pushes FTSE 100 1.5% higher as hopes of a swift economy recovery again beat fears of a second wave of coronavirus infections.
Veteran smaller company investors Gervais Williams and Francesco Conte explain why they can find resilient and nimble stocks in the coronavirus crisis.
Civitas Social Housing has completed a dramatic share price re-rating during the coronavirus pandemic on the back of an NHS deal, strong rent collection and improved dividend cover.
The FTSE 100 has been held back by investor nervousness over a surge in US coronavirus cases, though ‘mid-cap’ stocks on the FTSE 250 rose on optimism over the UK’s economic recovery.