Curbs on renewable profits could herald new era for funds
Government plans to shake up renewable energy contracts may limit soaring valuations but it could also bring a new era of certainty for income investors.
Investment company news brought to you by Citywire Financial Publishers Limited and Quoted Data by Marten & Co.
Brokers back BBGI as inflation drives infrastructure to ‘very healthy’ pay day
BBGI Global Infrastructure posts strong results with a 6.5% first-half gain as rising inflation rates across the world boost revenue from its index-linked assets, leading to a chorus of praise from analysts.
Abrdn dropped from FTSE 100 with F&C promoted
The asset manager has been demoted from the blue-chip index, while F&C becomes the fourth trust in the FTSE 100.
Taylor Maritime makes waves with bid for shipping firm
The cargo ship investment company has made a $494m bid for the remainder of Grindrod Shipping, described as ‘potentially transformational’.
Jupiter UK Mid Cap in talks to cut entire Starling stake
Jupiter UK Mid Cap is set to remove its top holding in Starling Bank, after the fund neared the 10% limit on private company holdings.
FTSE falls as Powell points to higher US interest rates
US and European stock markets tumbled as Federal Reserve chairman Jerome Powell used his Jackson Hole speech to remind investors of his determination to beat inflation with higher interest rates.
‘BIPS’ bags high yields buying bargains in bonds carnage
Invesco Bond Income Plus (BIPS), the former City Merchants High Yield that merged with Invesco Enhanced Income last year, has hiked gearing, or borrowing, to exploit distressed bond prices after an incredibly difficult first half of the year.
UK shares make gains after massive Micro Focus bid
UK markets inched higher this morning, helped by a knockout bid for software company Micro Focus at nearly double yesterday’s closing price.
Hipgnosis Songs under pressure to find ‘Money’ for Blackstone Pink Floyd bid
Update: London-listed music royalties fund declines to comment on whether it will stretch its finances to involve shareholders in a landmark £400m deal by its fund manager to buy Pink Floyd’s back catalogue.
Hipgnosis Songs ‘Comfortably Numb’ on losing Pink Floyd deal to Blackstone fund
Shareholders in Hipgnosis Songs, the London-listed music royalties fund, look set to miss out on a landmark deal by its fund manager to buy Pink Floyd’s highly-prized back catalogue for up to £400m.
F&C looks to race back into FTSE on back of summer rally
F&C, the UK’s oldest investment trust, is poised for a possible return to the FTSE 100 after an absence of 13 years following a resilient performance by the £4.6bn global multi-manager fund.
F&C on track for FTSE return as it enjoys summer rally
The UK’s oldest investment trust is poised for a possible return to the FTSE 100 after a 13-year absence.
