Morning briefing: TR Property picks broker Peel Hunt after Stifel exit; JARA pays out £20.5m; Aquila European lines up £22.5m capital return

TR Property (TRY) has appointed Peel Hunt as its joint corporate broker with Panmure Liberum following the decision of its former joint broker Stifel Nicolaus Europe to close its UK equities trading business. Seven investment companies have appointed Canaccord Genuity where some of the Stifel team have joined.

JPMorgan Global Core Real Assets (JARA) has bought and cancelled over 21.8m shares, or 28.9% of its share capital, at a price of 94.055814p in order to return the £20.5m to shareholders it announced on 20 January as part of its wind-down.

Aquila European Renewables (AERI) is lining up a second return of capital as its managed wind-down advances. Having returned €34m to shareholders through its B-share scheme last month, the company plans to return a further €26m (£22.5m) once the sale of its Greek asset Desfina completes at the end of this month. The company’s net asset value per share fell 1.91 cents in the last quarter of 2025 to 56.7 cents per share. A dividend of 0.65 cents reduced the total loss in the three months to 2.2%.

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