Scrap FTSE 250 share tax to save small UK companies, says City Investing Urgent measures like cutting stamp duty on FTSE 250 shares are needed to save smaller British companies, a group of City heavyweights have argued. In seven of the past 10 years, more listed small companies have left the UK stock market than joined it, and this trend will continue unless serious action is taken, a [...]
Bellevue Healthcare hit by ‘surprise’ shareholder exodus Investing The £670m Bellevue Healthcare trust has been plunged into turmoil today after more than a third of its shareholders said they wanted to pull their cash from the fund. As the fund launched its annual redemption scheme, which allows investors to cash out for the price of the trust’s underlying assets, some 36 per cent [...]
Small trust worth £30m moves in for £600m Abrdn Asia Dragon Investment trusts In a stock exchange announcement, Ashoka's trust said it had put forward a proposal to merge the two trusts, with the option of a cash exit of up to 50 per cent for Asia Dragon shareholders.
Appetite for investment trusts has fallen to the lowest level in a decade. Could this be the beginning of the end for the sector? February 20, 2024 In trust expert Winterflood's annual survey of its clients last week, it found that expected demand for the investment vehicles had fallen to the lowest level since the questionnaire began 12 years ago.