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Activist Elliott pushes Scottish Mortgage for ‘shareholder value’ after taking 5% stake

Update: Activist US hedge fund held discussions with the Baillie Gifford global flagship before it launched its £1bn share buyback programme last week.

QuotedData’s weekly news show 22nd March 2024

Thank you to everyone that listened in today, whether you watched the Zoom live or on YouTube. In this week’s show, James Carthew covered the week’s t...

QD view – Elliott Associates grabs a slice of Scottish Mortgage

Scottish Mortgage (SMT), Baillie Gifford’s flagship investment trust and the largest trust in the investment companies sector, has announced that Elli...

Elliott Associates grabs a slice of Scottish Mortgage

Scottish Mortgage (SMT), Baillie Gifford’s flagship investment trust and the largest trust in the investment companies sector, has announced that Elli...

James Carthew: Don’t let Custodian win Abrdn Property with a low bid

Shareholders in Abrdn Property Income should vote against the highly-discounted all-share offer from rival Custodian and hope for more from a managed wind-down.

Supermarket Income REIT’s adviser moves to protect itself from takeover

Supermarket Income REIT’s manager has made amendments to its investment advisory agreement to protect itself in the event of a takeover. In the event ...

Dunedin Enterprise – Chink of light at the end of the tunnel for shareholders

Dunedin Enterprise (DNE) has announced its annual results for the year ended 31 December 2023, during which it provided NAV and share price total retu...

QuotedData’s morning briefing 22 March 2024 – BRGE

In QuotedData’s morning briefing 22 March 2024: BlackRock Greater Europe (BRGE) is not going implement its semi-annual tender offer in May 2024. Over ...

Questions abound as Elliott takes 5% stake in Scottish Mortgage

Arrival of activist US hedge fund on the register of the Baillie Gifford global flagship revives memories of Elliott's successful campaign against Alliance Trust a decade ago.

3i Group eyes £25bn market value after Action’s ‘strong start’

Shares in retailer-dominated private equity group jump 8.4%, extending their premium over net asset value, after an encouraging trading update and shareholder briefing.

UKCM and Big Box rise as another Abrdn trust merger is sealed

Real estate investment trusts UK Commercial Property and Tritax Big Box rise after finalising terms for a £6bn merger.

Discount frustration drove Henderson EuroTrust to merge

Nicola Ralston, chair of Henderson EuroTrust, says frustration at the fund's double-digit discount led to its agreement to merge with Henderson European Focus Trust.