Caledonia’s value surges 20pc

Caledonia Investments, the £1.3bn investment trust backed by the Cayzer shipping dynasty, yesterday said the value of the fund rose nearly 19 per cent last year after an increase in income. The FTSE listed trust, which has the famous Cayzer family as a 48 per cent backer, said net asset per share increased from 1,977p a share to 2,299p a share for the year ending in March. it also increased its annual dividend per share by ten per cent.