PRS REIT attempts to negotiate with rogue shareholders September 2, 2024 Embattled PRS REIT has promised to negotiate with the group threatening to take control of its business. Last week, the investment trust faced calls from a group of investors, including Waverton Investment Management and CCLA Investment Management, to replace chair Stephen Smith and non-executive director Steffan Francis and adjust the trust’s strategy. The group controls [...]
Riverstone Energy share buyback programme marches on after £158m spending spree August 21, 2024 Riverstone Energy’s underlying assets per share ticked up seven per cent over the last six months, as the company continued an aggressive share repurchase programme. Riverstone’s monster share buyback programme has helped the energy-focused investment trust outperform its peer group over the past one and three years. The trust’s share price has returned 42.2 per [...]
Georgia Capital: Investment trust charts recovery after Tbilisi protest crash August 13, 2024 Georgia Capital, a UK-listed investment trust that owns around five per cent of Georgia’s economy, has charted its road to recovery after crashing during the country’s protests. In May, protests began against the Georgian parliament in Tbilisi due its new foreign agents law, which will see NGOs and independent media receiving 20 per cent of [...]
Impax Environmental Markets assets dip while holding out hope for ‘resurgent M&A’ August 12, 2024 Impax Environmental Markets has reported a 0.5 per cent decline in the net asset value (NAV) of the trust over the six months to 30th June. The investment trust reported a NAV of 429.3p at the end of June, compared to 434.9p as of 31 December 2023. The company, which is the UK’s largest environmental [...]
Lower power prices hit investment trust Renewables Infrastructure Group August 9, 2024 Renewables Infrastructure Group’s net asset value (NAV) has declined four per cent since the start of the year as low power prices and weak energy generation have hit the investment trust. The £2.5bn trust was launched in 2013 to invest in renewable energy generation and supporting infrastructure. In its interim results today, it revealed that [...]
Meet the Fund Managers: Small companies, large gains August 5, 2024 Investment reporter Elliot Gulliver-Needham speaks to Ken Wotton, manager of investment trust Strategic Equity Capital.
Warehouse REIT reports double-digit rental growth as race for space heats up July 23, 2024 Warehouse REIT was able to push through average rent hikes of more than 15 per cent over the last quarter, but the trust’s stock price has failed to keep up. In a quarterly trading update, the trust said it had inked 12 new lettings during the second quarter of this year, bringing in £515,000, a [...]
‘Ugly duckling’ Ruffer sticks by market crash predictions July 23, 2024 The £1bn 'ugly duckling' Ruffer Investment Company has reported a tough year after making wrong calls about the path of the economy, but analysts hope that the long-term bets made by the trust will pay off.
Why Lab-grown meat is a win for the UK’s investment industry July 17, 2024 With news today that the UK has become the first European country to approve the use of lab-grown meat, the investment industry should be taking this as a win.
Investors continue to buy Scottish Mortgage in bet on growth July 16, 2024 UK investors continue to be drawn to growth-focused investment trusts like Scottish Mortgage and JP Morgan Global Income & Growth.