Prices and Markets

TwentyFour Income Fund (TFIF) has announced its annual results for the year ended 31 March 2017. During the period, the company’s NAV grew by 10.2% whist its share price grew by 12.8% reflecting a widening of its premium to NAV from 1.94% to 4.29%. The company also paid dividends of 6.99p (2015: 7.14p). Including the impact of the dividends, the company provided total returns of 14.57 %and 17.02% for NAV and share price respectively. Strong recovery in European ABS market...

BlackRock Income and Growth Investment Trust (BRIG) has announced that Mark Wharrier, co-portfolio manager of the Company, has resigned to pursue another role. It says that Adam Avigdori, who has been co-portfolio manager of the Company since November 2011, continues as co- portfolio manager, while David Goldman, a senior director within the BlackRock UK Equity Team has been appointed co-portfolio manager alongside Adam Avigdori with immediate effect. About the co-managers Adam Avigdori joined Merrill Lynch Investment Managers in 2001, which...

Sirius buys properties in Berlin and Grasbrunn - Sirius Real Estate, a leading operator of branded business parks providing conventional space and flexible workspace in Germany, is pleased to announce the completion of the acquisition of two properties for a combined total acquisition cost of EUR24.5 million. On 1 July 2017, the Group completed the acquisition of Berlin-Mahlsdorf II. The property is a mixed used building, in a commercial area 15 km east of the centre of Berlin and adjacent...

QuotedData is publishing a new update note on a company in the Private Equity sector: Standard Life Private Equity - Loading the portfolio SL Capital Partners, the manager of Standard Life Private Equity Trust (SLPE), sees the outlook for Europe improving. However, it thinks that some form of market disruption could occur during the next one to two years. This might lead to greater volatility and better prices for those of its underlying funds that wish to make investments. SLPE has...

Derwent London sells Copyright building - Derwent London is pleased to announce that it has exchanged contracts on the sale of its long leasehold interest in The Copyright Building, 30 Berners Street W1 to Union Investment Real Estate GmbH ("Union Investment").  The consideration is GBP165.0m, or GBP148.7m net of top-ups relating to rent free periods and a rent guarantee on the vacant retail space.  The building, which is under construction, will comprise 87,150 sq ft offices let to Capita Business...

INPP makes digital infrastructure commitment - International Public Partnerships (INPP), the FTSE 250 infrastructure investment company, has committed jointly with HM Government to make an investment in digital infrastructure and particularly fibre optic broadband connections. It sees long term parallels between the essential nature of broadband connectivity to the home and workplace, and the established businesses of gas and electricity distribution and transmission with which it is already experienced. The investment that INPP has committed to will be made through a...

BBGI SICAV has announced that it has signed an agreement to invest in five existing PPP projects and gain access to what it describes as, “a robust pipeline of future PPP projects in Canada”. The agreement is with a subsidiary of SNC-Lavalin Group to invest in an investment vehicle (referred to as a “Partnership") which will hold substantial equity interests in five PPP projects in Canada. BBGI SICAV says that all assets are operational and classified as availability-based under its...

HgCapital Trust has announced that it and other institutional clients of HgCapital will re-invest in Visma Group Holdings (Visma), which it describes as a leading provider of mission-critical business software to SMBs in the Nordic region. The transaction follows a decision by KKR to sell its holding in the group. HgCapital, the trust’s manager, is to be the lead investor in the new transaction structure, alongside Cinven, GIC, Montagu, ICG and the management team at Visma. HgCapital says that the...

For the year ended 30 April 2017, Miton Global Opportunities net asset value per share rose to 248.7p (2016: 182.4p), a total return of 36.3% (2016: 0.4%). The share price ended on an all-time high of 242.3p (2016: 164.3p), a total return of 47.5%. The fund has outperformed a number of other comparators such as the All-Share Index, measured on a total return basis, which rose by 15.4% over the same period (2016: -5.7%), the MSCI World Index, which rose by...