Morning briefing: Scottish Mortgage says virtual-only AGMs not on the agenda after 24% revolt; Partners Group Private Equity goes cash flow negative; Aurora UK’s Channon demands £1bn share buyback at Barratt Redrow
Scottish Mortgage (SMT) has reassured shareholders it will not move annual general meetings online unless in exceptional circumstances after a 24.1% v...
Glenstone lifts bid for Alternative Income REIT to £57.4m
Glenstone, the largest shareholder in Alternative Income REIT (AIRE), has raised its bid for the company to 71.4p per share in cash. The 1.4p, or 2%, ...
FCA completes reforms to end “misleading” disclosure of investment company “costs”
The Financial Conduct Authority (FCA) has put in place further measures to reform unfair cost disclosure as it affects investment companies. In a move...
Trust Spot: Biotech Growth soars 21%; 3i Group regroups after May slump; Seraphim Space steps back from high
Biotechnology trusts BIOG and IBT replaced technology trusts as last month’s big risers with profit taking hitting Seraphim Space (SSIT) in June, but ...
CT Private Equity sells £25m of funds at 16% discount
The trust sold several older European funds that offered ‘less scope for further value creation’.
Good news as regulator queues up positive changes
Like buses – you wait around for regulatory changes to go your way, and then three come along at once. Well, I’m stretching that a bit, because the wi...
REIT Review: Bids bring diverging fortunes for UK targets
Real estate share price risers and fallers in June were heavily influenced by M&A announcements, which continue to dominate the listed property landsc...
Morning briefing: Saba lifts Grainger stake to over 6%; Caledonia invests £60m in Blue Diamond garden centres; European Smaller Cos raises 5% dividend policy target; buybacks push Pantheon shares to 37.5% one-year return
Saba Capital has raised its stake in Grainger (GRI), the residential landlord whose shares have jumped over 15% since the activist hedge fund emerged ...
Workspace rebuts Saba’s ‘high risk’ wind down proposal
The real estate trust urged investors to oppose the Saba-backed board and avoid selling assets in an illiquid market.
HICL infrastructure pivots strategy for growth
The £2.5bn trust will be targeting higher returns and introducing new 'enhancer' assets,
Eight great consumer names to consider right now
Artificial intelligence (AI) continues to dominate the headlines and drive equity markets higher. Investors’ attentions have been captivated by the re...
CT Private Equity sells £25m of old funds at a 16% discount
CT Private Equity (CTPE), a £356m Columbia Threadneedle managed trust, has sold a portfolio of mature fund investments for £24.7m, 16.1% below their v...
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