Investment company news brought to you by Citywire Financial Publishers Limited and Quoted Data by Marten & Co.
Cheaply rated shares in Downing Renewables and Infrastructure rise after £187m investment trust lifts its dividend target by 7.6% and buys two more hydropower plants in Sweden.
If you can get them, C-shares in JPMorgan Global Growth & Income are a cheap route into the trust’s premium-rated ordinary shares ahead of their conversion this month.
RM Funds’ proposal that it replace Alvarium as the fund manager of the suspended real estate investment trust has not convinced Winterflood analyst Emma Bird.
Princess Private Equity (PEY) unwinds hedging strategy that became so expensive last year the investment company was forced to scrap its interim dividend.
The Rothschild-backed multi-asset fund splashes £2.9m on 150,000 of its shares to narrow the yawning 21% discount to net asset value.
In its annual results, the Rothschild-backed multi-asset fund seeks to reassure investors about its private equity investments after a share price slump last year.
Index compiler FTSE Russell drops the beleagured homeless accommodation provider from FTSE All-Share and three other UK benchmarks in response to the shares's two-month suspension.
A majority of proxy votes have gone against Aquila Energy Efficiency Trust which looks to fail its continuation vote at 2pm today. The shares spiked 6.5% at the news.
Mid Wynd’s broker cuts their rating to neutral after Artemis announced both fund managers were leaving. The global equities trust is now the UK’s cheapest, according to Numis.
Buying the right ground-breaking company early and sitting patiently can be a good investment strategy but, as ITM Power showed, it can also be a painful process.
After all the hype, the message from the top 10 companies in HydrogenOne Capital Growth is that the sector is taking off. Government help is needed, however.
The unintended consequences of last year's change to how multi-asset funds report costs of holding investment companies are multiplying. Giant US firms can ignore guidance, while green infrastructure funds find fewer buyers.
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