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5 days ago | 
citywire.com | Julian Bovill |Himanshu Singh |Michelle McGagh |Laura Foll
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6 days ago | 
citywire.com | Himanshu Singh |Michelle McGagh |Laura Foll
Our daily roundup of analyst and fund manager commentary on shares. Twitter Facebook Linkedin WhatsApp >print Already have an account? Do you personally advise on or manage investments for clients?
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2 months ago | 
citywire.com | Nour Azhar |Danielle Levy |Michelle McGagh |Laura Foll
Activist investor Chris Mills and former Round Hill Music chair Robert Naylor are hoping to raise £50m for a new trust that aims to narrow hefty discounts in the alternatives space. Mills and Naylor, two well-known names in the industry who currently sit on the board of PRS Reit (PRS), plan to float Achilles Investment Company on the London stock market this week, according to Sky News.
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2 months ago | 
citywire.com | Nour Azhar |Michelle McGagh |Jennifer Hill |Laura Foll
Renewable infrastructure fund Foresight Solar Fund (FSFL) has announced plans to cut its fees, a move the board hopes will improve shareholder returns and provide potential annualised savings of £1.2m.
From 1 March, the fund will shift to a revised fee structure, based on an equal weighting of market capitalisation and net asset value (NAV), having previously only been based on NAV.
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2 months ago | 
citywire.com | Jennifer Hill |Michelle McGagh |Laura Foll |David Stevenson
A change in fees at Scottish Oriental Smaller Companies (SST) aimed to encourage manager outperformance, and it has clearly worked as Martin Lau and Vinay Agarwal jumped to a Citywire AA rating in January. The FSSA Investment Management duo were propelled up the charts after sitting at A-rated for four months, although it may be the end of the road for Agarwal who has now left the asset manager.
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2 months ago | 
citywire.com | Michelle McGagh |Jennifer Hill |Laura Foll |David Stevenson
Specialist primary care property investor Assura (AGR) has rejected a £1.56bn approach from US private equity giant KKR. The buyout house confirmed that it has to date put four indicative, non-binding proposals to the board of the self-managed real estate investment trust, all of which have been rejected. The latest proposal, at 48p per share, reflects a 28% premium to the closing price on 13 February, the date the proposal was made.
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2 months ago | 
citywire.com | Laura Foll |Michelle McGagh |Himanshu Singh |Jennifer Hill
A little over a decade since it launched, Tritax Big Box (BBOX) has become the fourth largest London-listed trust. With a land portfolio ripe for development, and a sideways move into data centres, the logistics behemoth isn’t finished yet. Since listing in 2013, Tritax has swelled to a market cap of £3.6bn making it the fastest growing investment trust since initial public offering.
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2 months ago | 
citywire.com | Michelle McGagh |Laura Foll |Himanshu Singh |Jennifer Hill
A couple of weeks ago a piece ran across my news feed with the headline: ‘Which stocks will do well in a rising yield environment?’ A few days later I saw: ‘Stocks for a world of falling rates.’ It reminds me of the famous Chicken Licken folk tale. An acorn falls on a chicken’s head. Instead of looking down, he looks up and deduces that the sky must be falling.
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Oct 9, 2024 | 
citywire.com | Jamie Colvin |Himanshu Singh |Laura Foll
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Oct 9, 2024 | 
citywire.com | Michelle McGagh |Jamie Colvin |Laura Foll
The FTSE 100 rose 0.4%, or 32 points, to 8,222 as water utility companies rallied following a sector upgrade by broker RBC Capital Markets.
RBC said it expected Britain’s water regulator Ofwat’s five-yearly price review due in December to be positive for the sector’s performance.
It lifted its target price for Severn Trent (SVT) from £25 to £26 and raised its recommendation for United Utilities (UU) from ‘sector outperform’ to ‘outperform’ and lifted the target price from £10.50 to £11.50.
