Peel Hunt News
03.05 / 07:43
markets
Target
Strategy
Adventure
Concerns mount over Coutts' plans to move £2bn of client funds out of UK
The portfolio allocation changes will target six Coutts portfolios, with combined assets under management of £9.8bn split across 62% equities and 38% bonds. Broker Peel Hunt has estimated that the largest asset transfers will affect the Ambitious and Balanced funds, with £928m and £612m pulled out of UK stocks respectively. The Managed Equity portfolio will also face high levels of UK divestment, with £227m worth of outflows, while the Adventurous fund, Coutts' highest risk strategy with 90% invested in equities, is expected to recalibrate £89m away from the market. UK investors a...
08.01 / 15:43
M&A
UK
companies
private equity
Take-private deals dominate UK M&A landscape in 2023
Peel Hunt also noted that smaller deals continued to represent the majority of transactions in 2023, with just a small minority of announced firm offers exceeding £500m equity value.
08.01 / 12:02
property
Investment trusts
Investment Trust
AEW
Home REIT
Home REIT sells additional 98 properties for £26.5m
An additional 162 properties have been exchanged for sale at a total of £25.7m, which are expected to complete this month.
03.01 / 15:09
01.12 / 14:01
Investment trusts
Baillie Gifford UK Growth NAV slumps 12% as discount widens
Managers Iain McCombie and Milena Mileva said it was 'disappointing to report another period of poor portfolio performance'.
03.11 / 14:45
Investment trusts
Merger
share buybacks
Troy Income & Growth suspends buybacks ahead of potential merger
Peel Hunt analyst Thomas Pocock said that shareholders 'will likely have expected better planning and communication'.
01.11 / 11:37
Investment trusts
RUMS solar project
Asian Energy Impact transitional manager begins due diligence on RUMS project
Octopus said the net present value of the RUMS project is 'materially more negative' than the estimate, in the base case scenario, of £13m.
18.10 / 14:43
companies
liontrust
outflows
Premier Miton
Ashmore
Peel Hunt reiterates Liontrust 'Buy' rating despite £1.6bn quarterly outflows
Liontrust’s current valuation 'does not reflect the strength of the core franchise and we believe there is re-rating potential when flows stabilise'.
29.09 / 08:27
Investment trusts
Numis
Verne Global
Digital 9 Infrastructure
Digital 9 Infrastructure shares plummet by 40% as turnaround hopes slump
Peel Hunt, DGI9’s corporate broker, downgraded its rating from ‘outperform’ to ‘under review’.
25.09 / 10:33
Investment trusts
Winterflood
tender offer
Buyback
Pantheon
International
Pantheon International launches £150m tender offer as part of £200m share buyback scheme
The closing date is expected to be 17 October 2023, with strike price announced on 18 October and settlement on 26 October.
08.09 / 12:33
Jefferies
Investment trusts
Winterflood
Hipgnosis Songs Fund
Takeover
Round Hill Music Royalty fund agrees to $470m takeover offer
The trust’s portfolio consists of 51 catalogues comprising over 150,000 songs by artists including Bruno Mars, Celine Dion, Louis Armstrong and The Supremes.
31.08 / 12:45
Investment trusts
Nippon Active Value
'Consolidator' Nippon Active Value posts 6.7% rise to NAV total return for first half of 2023
The trust has become a 'consolidator' within the AIC Japan sector.
11.08 / 12:27
Investment trusts
Winterflood
Gravis
Backed
Gravis trusts GCP Asset Backed Income and GCP Infrastructure agree to combine assets
The GCP Infra board said the proposed merger will bring multiple benefits to both existing and new shareholders.
04.08 / 09:27
property
Investment trusts
AEW
social housing
Home REIT
Home REIT sells 40 properties for 60% average loss
The properties were chosen for their “limited prospects for income and capital return given the required capital expenditure in order to be brought up to specification”.
16.06 / 07:23
Citi
dealmaking
Peel Hunt posts £1.5m loss amid cost-cutting, UK dealmaking slump
City broker Peel Hunt posted a loss of £1.5m as investment banking fees slumped by nearly 60% amid a difficult period for UK capital markets.
01.12 / 12:25
Citi
Broker
City broker Peel Hunt posts record investment banking fees
City broker Peel Hunt reported record investment banking revenues as UK deal volumes boomed this year and its roster of clients expanded.
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