Investment company news brought to you by Citywire Financial Publishers Limited and Quoted Data by Marten & Co.

Chrysalis crashes 13% as it rules out buybacks but says hated performance fee will go

Half-year results from Jupiter's growth capital fund lay bare stresses on its unquoted portfolio as the managers focus on conserving cash and getting their companies to profitability.

‘Exposed’ Supermarket Income slides on Peel Hunt downgrade

Shares in Supermarket Income tumble 6% after broker downgrades popular real estate investment trust from ‘hold’ to ‘reduce’, expressing concern at its high valuation.

FTSE slumps 1.6% as GDP data reveals fragility of UK economy

UK shares slam into reverse as a slew of worrying data on the UK economy and housing market brings a sense of foreboding to markets.

Hewitt: Why I cut Scottish Mortgage but will never sell

Experienced investment trust investor Peter Hewitt explains how he cut his position in Scottish Mortgage before it halved this year, but will never sell the stake completely.

Commodity ‘supercycle’ will sustain Middlefield Canadian for five years, says Orrico

Fund manager Dean Orrico believes we are in a commodities supercycle that should sustain outperformance for his £124m Middlefield Canadian Income trust over the next five years.

High-yielding NextEnergy Solar lifts dividend target as RPI-linked fund eyes share issue

The 6.9%-yielding renewable infrastructure fund hopes a 5% increase in this year’s dividend target will help re-rate its shares as it looks to raise more money for a £350m investment pipeline.

FTSE rally snaps after Wall Street falls over consumer poll

The FTSE 100 breaks its three-day winning streak after a volatile session in the US marred by downbeat consumer confidence data that stoked worries about a global economic slowdown.

Link: Investment trusts deliver record £5.5bn in dividends

Report from Link Group shows investment trust dividends jumped 15.4% in the year to 31 March, powered by big increases from venture capital trusts and renewable infrastructure funds, while equity funds held payouts after the pandemic.

Urban Logistics slows pace of investment after ‘truly transformational’ year

Warehouse real estate investment trust doubled in size to £1bn in year to 31 March as it took in £358m from two share issues and saw the value of its property portfolio soar 25%.

FTSE extends rally as oil price jumps on capacity concerns

The FTSE 100 continues its upward climb as markets absorb speculation that the Middle East is nearing oil capacity limits, pushing the price of commodity stocks higher.

Mike Kerley made Bankers deputy as global trust battles inflation bear

Janus Henderson has appointed Asia fund manager Mike Kerley as deputy to Alex Crooke on the £1.4bn Bankers investment trust, half-year results show.

Keeping hold of top returns is no Sinch for Montanaro Euro

Montanaro European Smaller Companies fund managers George Cooke and Stefan Fischerfeier exited three positions in the year to the end of March as they battled to hang on to their gains in the sell-off of growth stocks.