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The ‘complete cashflow destruction’ suffered by a small number of companies was something that ‘none of us had never seen before’, Murray International fund manager tells investors.
FTSE 100 slides into the red again, dogged by coronavirus concerns, a vaccine spat with the EU, and a US sell-off last night after mixed results from highly valued US technology giants.
Victory Hill-managed closed-end fund becomes first investment company to float this year and 17th to join burgeoning Renewables Infrastructure sector.
(Update) FTSE 100 shed early gains to trade 1% down as futures pointed to a fall in the US stock market this afternoon, though education group Pearson extended its lead after another positive update.
Two sides of UK stock market value opportunity revealed today as Scapa Group, a popular holding among UK smaller companies funds, accepted a premium offer and CIP Merchant Capital investment trust faced hostile approach.
(Update) FTSE 100 shed early gains to trade 1% down as futures pointed to a fall in the US stock market this afternoon, though education group Pearson extended its lead after another positive update.
Schroder UK Public Private Trust, formerly Woodford Patient Capital, sells seven assets including stakes in ReNeuron and Immunocore at 22% discount, depressing portfolio but helping eradicate debts.
The manager of the BMO Managed Portfolio is considering extending borrowing in his income fund to invest in high-yielding alternatives.
Co-manager of Baillie Gifford’s top-performing American fund and US Growth investment trust discusses the dizzying rise of Tesla, tech valuations and the opportunity in internet ‘scale as a service’.
Canadian fund manager Cordiant Capital hopes to raise £300m, nipping ahead of Triple Point to launch UK's first digital infrastructure investment trust.