Marwyn investment Zegona sells Telecable - Directors of Marwyn Value Investors Limited welcome the announcement made yesterday by its investee company, Zegona Communications plc ("Zegona") confirming the completion of the sale of Zegona's Spanish cable business, Telecable to Euskaltel, S.A. The transaction has generated significant upfront cash proceeds and Zegona intends...
QuotedData is publishing a new Fidelity Closed-End Funds review. This covers funds in the Asia-Pacific ex-japan, Japanese Smaller Companies and UK All Companies sectors. Welcome to the fourth edition of QuotedData’s Fidelity Closed-End Funds Review – a regular publication looking at Fidelity and recent developments in three of its investment trusts –...
Land Securities has announced that it has exchanged contracts to sell its 50% stake of 20 Fenchurch Street, EC3M (the walkie talkie building) for £641.3 million and proposes to return £475 million to shareholders. The purchaser is LKK Health Products Group who will also acquire Canary Wharf Group's 50% stake...
Tritax Big Box REIT has announced that it has exchanged conditional contracts to purchase a development site at Littlebrook, Dartford. The freehold of the former Littlebrook Power Station site has been acquired, for a total consideration of £65million (excluding purchaser's costs), which is being funded by the Company from equity....
Quarterly investment companies roundup – Second quarter 2017 - Markets were cheered by a decisive win for Macron in France but, in the UK, a hung parliament and an unsteady start to Brexit negotiations were seen as bad news. Generally, stock markets have risen but, at the end of the...
QuotedData’s economic round up – July 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to...
HICL buys HS1 channel tunnel link - HICL Infrastructure Company Limited has signed an agreement to acquire a 35 per cent equity interest in the entities that comprise the High Speed 1 Project ("HS1"). HICL is a member of a consortium, alongside funds managed by Equitix Investment Management Limited and...
Amedeo Air Four buys A350-900 aircraft - Amedeo Air Four Plus say that, as anticipated in their prospectus dated 13 June, 2017, the company, via its wholly-owned subsidiary, AA4P Lambda Limited, purchased one A350-900 aircraft bearing manufacturer's serial number 123 on 13 July, 2017. The aircraft has been placed on lease to...
QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July...