Numis Financial News
27.10 / 13:23
Investment trusts
AIC
Numis
Andrew Rees
Investment Trust
Verne Global
Digital 9 Infrastructure
Digital 9 Infrastructure weighs divestment from crown jewel Verne Global
The trust's board said it had received 'indicative offers from interested parties' working to secure a majority stake in Verne Global.
26.01 / 14:13
property
Investment trusts
REITS
Numis
Andrew Rees
Nav
AEW UK REIT dividend remains uncovered as tenant administrations hit earnings
Management noted earnings were constrained by 28p due to Wilko and CJ Services both entering administration.
05.01 / 13:13
CEO
People moves
Numis
RIT Capital Partners investment manager names CEO successor
Fanari is currently senior managing director and global group head of high conviction equities at Ontario Teachers’ Pension Plan, where she has been since 2006.
03.01 / 19:59
Investment trusts
Numis
Andrew Rees
Investment trusts close 2023 with 4.6% performance boost
Although the sector closed the year in positive territory, investment trust performance was 'well behind' US and global equity market indices.
12.12 / 12:13
Investment trusts
Numis
Polar Capital Tech shifts to AI winners as US mega-cap underweight hurts relative performance
Since 31 October, the trust’s NAV is up 11.1% compared to a 10.1% rise for the index.
29.11 / 16:35
Investment trusts
Numis
continuation vote
JLEN Environmental Assets faces potential continuation vote as discount persists
In the trust’s interim results this week (27 November), it revealed the average discount at which the shares have traded in the current financial year to date had been approximately 13%.
24.11 / 14:05
Investment trusts
People moves
Numis
Sequoia Economic Infrastructure Income discount narrows as chair departs
After nine years in the position, Jennings will be replaced by James Stewart, who joined the board on 1 January 2022.
21.11 / 14:57
Investment trusts
Merger
Winterflood
Numis
UK Commercial Property REIT merger with Picton dropped on Phoenix Life dissent
Phoenix Life is the largest shareholder in UKCM, holding roughly 43% of share capital.
08.11 / 08:35
Investment trusts
Numis
European Opportunities
Saba Capital
Herald
stake
Saba Capital increases stake in Herald and Edinburgh Worldwide
The firm has been building up stakes in UK investment trusts in the last 18 months, including European Opportunities, Henderson Opportunities, Schroder UK Mid Cap and Baillie Gifford US Growth.
30.10 / 13:13
Investment trusts
Jupiter
Numis
Investment Trust
Chrysalis posts 'solid' trading update as holdings appear 'IPO ready'
(L-R) Co-managers of Chrysalis Richard Watts and Nick Williamson
27.10 / 12:25
Investment trusts
AIC
Numis
Andrew Rees
Investment Trust
Verne Global
Digital 9 Infrastructure
Digital 9 Infrastructure weighs divestment from Verne Global
The trust's board said it had received 'indicative offers from interested parties' working to secure a majority stake in Verne Global.
24.10 / 11:07
Investment trusts
Numis
Pershing Square Holdings' Bill Ackman cuts bet against 30-year US Treasuries
The hedge fund manager first disclosed his short position in 30-year Treasuries in August in the expectation of long-term rates increasing.
10.10 / 15:21
companies
private equity
Numis
Private assets
UK Companies
regulatory
Regulatory tailwinds boost private equity appetite for UK companies
Financials and industrial-related assets across public and private markets were thought to be the most active and competitive sectors.
10.10 / 14:35
companies
private equity
Numis
Private assets
UK Companies
Numis: UK companies preferred by private equity investors
Financials and industrial-related assets across public and private markets were thought to be the most active and competitive sectors.
04.10 / 11:15
RIC
Investment trusts
Numis
Ruffer Investment Company
share buybacks
Ruffer
Buyback
Ruffer sets out rationale for first ever buyback following 'disappointing' performance
Duncan MacInnes (pictured) manages the Ruffer Investment Company portfolio alongside Jasmine Yeo.
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’.
22.09 / 12:17
hedge fund
Investment trusts
Numis
H1 2023
Nav
Buyback
buyback programme
Third Point Investors extends buyback programme as underperformance persists
Third Point Investors’ NAV fell by 3.8% in the six months to June, compared to a 15.4% gain for the MSCI World index and a 16.9% rise for the S&P 500 index.
15.09 / 11:45
Investment trusts
Numis
Buyback
buyback programme
VH Global Sustainable Energy Opportunities unveils £10m share buyback programme
The programme is expected to be accretive to both NAV per ordinary share and dividend cover, as well as provide additional liquidity for GSEO's underlying shares.
12.09 / 15:09
BlackRock
UK
Unit trusts/OEICs
Investment Association
fixed income
Numis
BlackRock dominates UK fund flows in July
The strong flows into equity funds marked a turnaround from two consecutive months of net outflows in May (£992m) and June (£1.2bn).
11.09 / 15:19
Fidelity
Investment trusts
Alternatives
AJ Bell
private equity
Numis
Interactive Investor
Equity trusts dominate platform most bought lists despite recent alternatives issuance
The most bought lists across AJ Bell, interactive investor and Fidelity’s consistently include well-known names that have amassed a sizable following among retail investors over many years.
25.08 / 13:56
UK
Investment trusts
Numis
abrdn UK Smaller Companies Growth trust cuts fees amid weak performance
The trust’s discount sat at 14.3% at the end of June, with 6% of shares bought back over the year. The board has an 8% discount target in normal market conditions.
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