-
1 day ago | 
citywire.com | James Carthew |Matthew Read
Get the latest news in your inbox Work Email Password
-
2 weeks 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.
-
1 month 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.
-
1 month 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.
-
1 month 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.
-
1 month 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.
-
1 month ago | 
citywire.com | Miles Costello |Michelle McGagh |James Carthew
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 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% to 138p on Monday, just days after the FTSE 100-listed property investor made a preliminary approach for an undisclosed sum.
-
1 month ago | 
citywire.com | James Carthew |Michelle McGagh
Gore Street Energy Storage (GSF) has offloaded the US tax credits linked to its Texan asset, providing hope for its next sale in California despite the political uncertainty surrounding the energy sector.
Shares in the £526m portfolio of energy storage assets climbed 7.4% to 56p on Monday afternoon after manager Gore Street Capital confirmed the agreed sale of investment tax credits (ITCs) linked to its ‘Dogfish’ project, with gross proceeds expected to be between £18m and £19m.
-
1 month ago | 
citywire.com | Michelle McGagh |James Carthew
The FTSE 100 cemented its losses on Wednesday afternoon, despite Wall Street opening higher as American stocks appeared to defy the intensifying trade war that has sparked concerns a US recession is now inevitable.
The main UK index stayed firmly in the red, down 2.4%, or 194 points, at 7,716 shortly after 3.30pm, as the S&P 500 and Dow Jones Nasdaq clawed back less than 0.5%.
-
1 month ago | 
citywire.com | Miles Costello |Jeremy Gordon |Michelle McGagh |James Carthew
It’s 6:30am on a wet, wintry morning and passengers in crammed tube carriages are wondering whether they really want this commuting grind for the next 20 years. Graeme Forster was one of those passengers, and his answer was no. Born in Wrexham, Wales, Forster spent the best part of six years travelling between his home in Buckinghamshire and the central London offices of his employer, the funds firm Orbis Investment Management.
