Blake Nixon, activist investor and former Guinness Peat executive, halts wind-up of AXA Property and proposes turning it into new fund targeting underperforming smaller companies.
Scottish investment trust cut its gearing, or borrowing, before the Red October falls giving fund manager Alasdair McKinnon some money to use should he see any bargains.
A 5.7% covered yield makes real estate investment trust a popular holding though its latest half-year results underline challenges facing commercial property.
Citywire AA-rated manager has twice been forced to apologise to investors over the stock, but a healthier 2018 builds hopes of more sustained recovery.
Ediston Property real estate investment trust considers small rise in dividends a year after its transformational shift into retail parks.
London’s first listed energy efficiency fund, SDCL Energy Efficiency Income, is latest trust to hit key £100 million figure at launch.
CatCo Reinsurance Opportunities shares plunge as analysts question future of alternative investment company which raised £400 million from investors a year ago.
Simultaneous entry of Woodford Patient Capital and Smithson investment trusts into FTSE 250 points to rivalry of their star investors but underscores how Terry Smith has supplanted Neil Woodford as UK’s most successful fund manager.
Half-year results from Monks show global investment trust taking different tack from stable mate Scottish Mortgage, trading profits in big online platforms for new positions in food delivery apps such as UK’s Just Eat and China’s Meituan Dianping.
High-yielding lender to drugs companies stands to earn $39 million in early repayment fees after its biggest borrower, US cancer specialist Tesaro, fell to a $5.1 billion (£4 billion) bid from Britain’s GlaxoSmithKline.