HgCapital figures disappoint

HgCapital Trust, the listed private equity vehicle, reported a poor set of full year results yesterday. The group behind brands such as spreadbetters Sporting Index and telecom firm Manx said the value of its assets fell 1.6 per cent for the full year ending December. Weak trading at two of its firms – Lumesse and NetNames – forced the group to write down the value of their investments. Shares fell 1.61 per cent yesterday.