BioPharma: Problems mount as directors resign from LumiraDx
The outlook for BioPharma Credit's biggest loan deteriorates as three founders of LumiraDx jump ship from the struggling US diagnostics firm faced with delisting from Nasdaq.
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The outlook for BioPharma Credit's biggest loan deteriorates as three founders of LumiraDx jump ship from the struggling US diagnostics firm faced with delisting from Nasdaq.
The £880m Baillie Gifford pre-flotation ‘unicorn’ fund launches a $20m (£16.4m) share buyback programme after a drastic de-rating halves the stock price this year.
Transitional manager Octopus Energy Generation said the newly named Asian Energy Impact Trust is likely to incur losses of more than the estimated £13m.
India Capital Growth, which trades on a double-digit discount, has announced it will repurchase shares up to a maximum of £5m.
Minnow trust Chelverton Growth is planning a wind-down after global economic events scuppered shareholder returns.
Changes include allowing the manager to invest up to 15% in late-stage development assets.
Changes include allowing the manager to invest up to 15% in late-stage development assets.
RTW Biotech Opportunities buys the assets of rival Arix Bioscience in an all-share deal that will boost its portfolio by two thirds to £452m.
Primary Health Properties and Aquila European Renewables recently listed on a second stock exchange joining 15 other UK investment trusts that make their shares accessible internationally.
Shares in £1bn wealth preservation fund slip to their widest discount for a year after warning it was running out of cash for buybacks, provoking a downgrade by analysts at its broker, JPMorgan Cazenove.
The private equity fund, which is shortlisted for a Citywire award, delivered a 2.5% total return, driven by portfolio growth and foreign exchange gains, but the shares' 38% discount remains wider than the 30% sector average.
Jupiter has sold down its stake in its Chrysalis fund as the value has slipped back over the past quarter.
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