Trust news round-up: Montanaro Europe, CQS, BlackRock Smallers, JPEL, Abrdn Diversified
We summarise the latest news from five investment companies, from results to wind downs.
Saba nabs 6.2% stake in Diverse Income after redemption derating
The Premier Miton trust's discount widened significantly after almost a third of its shares were redeemed.
PRS REIT ties up £629m pension scheme bid from Waypoint
PRS REIT (PRSR) has finalised its takeover by Waypoint Asset Management on behalf of four UK local authority pension schemes. Shares in the family r...
Hurricane Melissa delays Hansa merger hearing
The storm that battered the Bahamas has delayed the court hearing into the merger of Hansa and Ocean Wilsons.
Empiric hit by fall in Chinese students as Unite looks to complete takeover of smaller rival
A drop in the number of Chinese students has hit Empiric Student Property (ESP), 10 weeks after shareholders approved its £634m takeover by Unite (UTG...
Whirlwind: Ecofin US Renewables shareholders face big haircut on $30m Texas wind farm sale
Ecofin US Renewables (RNEW), the £33m infrastructure fund that began a managed wind-down last December, has agreed to sell “Whirlwind”, its troubled 5...
Morning briefing: Hurricane Melissa delays Ocean Wilsons’ Hansa merger hearing; Saba reveals DIVI stake; plus MPO, PEY, ORIT, ASLI, NSI, FAIR, AWEM, IGC
Ocean Wilsons (OCN) says “adverse weather conditions resulting from the proximity of Hurricane Melissa to Bermuda” have delayed the court sanction hea...
Nick Train on chopping block in CT’s UK cutback
CT Global Managed’s new managers have been trimming their UK names, many of which offer very similar portfolios.
UK funds industry calls on Chancellor to rebuild public trust in markets
Rachel Reeves, Britain’s new Chancellor, faces a familiar dilemma: how to revive the country’s appetite for investment without emptying the Treasury’s pockets.
SPOOKY STOCKS! Satellites, AI and green energy might sound scary but are they more Treat than Trick?
Baron Rothschild once advocated investing when there was ‘blood on the streets’. It may be a gruesome metaphor, but there is wisdom in buying investme...
Golden Prospect points out the good value in its annual one-for-five share offer after this year’s gold price surge
Golden Prospect Precious Metals (GPM) has reminded shareholders of their annual right to buy one new share for every five they own with next month’s s...
Octopus Renewables cuts stake in Simply Blue as offshore wind farm developer sold to Japan’s Kansai
Octopus Renewables Infrastructure Trust (ORIT) says Kansai Electric Power Company of Japan is buying an 80% stake in the offshore wind development arm...
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