James Carthew

1 month ago | citywire.com | Danielle Levy |Michelle McGagh |Jeremy Gordon |James Carthew

Veteran European equity fund manager Richard Pease has joined the investment advisory group of UK smaller companies trust Rockwood Strategic (RKW). He will work alongside manager Richard Staveley and other members of the investment advisory group, which includes Harwood Capital’s Chris Mills and Adam Parker, the co-founder of Majedie Asset Management, to generate investment ideas and provide advice. Pease’s investment career spans more than 40 years.

2 months ago | citywire.com | Natalia Vasnier |Algy Hall |Dylan Lobo |James Carthew

A new earnings season has begun, and much attention will be on how the headline-grabbing policies of the Trump administration have affected companies. With many shares already down heavily in anticipation of trouble, Citywire has gone on the hunt for stocks trading at historically low valuations that are loved by the world’s best investors despite share-price woes.

2 months ago | citywire.com | Michelle McGagh |James Carthew

Performance The £297m trust delivered a net asset value (NAV) total return of 4% over the six months to end of January, ahead of the 1.4% increase in its Topix benchmark, as reported in half-year results this week. The shares achieved a total return of 3.2%, including a new interim dividend of 2.82p. While the trust had grown its dividend by 12.7% on average each year over the past decade, it recently adopted an enhanced dividend policy that will see it pay out 4% of average NAV each year.

2 months ago | citywire.com | Michelle McGagh |Jeremy Gordon |James Carthew

Update: The board of Urban Logistics (SHED) is on the brink of accepting a £674m takeover bid from LondonMetric Propery (LMP). The board of SHED said yesterday afternoon that it is ‘minded to recommend’ a LondonMetric cash and share bid that values the entire real estate investment trust (Reit) at £674m. The news caused SHED’s shares to soar 8% on Monday, just days after the FTSE 100 member LondonMetric made a preliminary approach for an undisclosed sum.

2 months ago | citywire.com | Danielle Levy |Michelle McGagh |James Carthew

Aurora UK Alpha (ARR) manager Gary Channon describes 2024 as a year of ‘fundamental progress’, even though disappointing performance figures resulted in him returning last year’s performance fee. The £279m portfolio of UK special situations, which significantly boosted its size last year after merging with Artemis UK Alpha, suffered a tough 12 months in terms of performance.