Funds that are utilising a value style of investment are outperforming those that don’t in the latest FE fundinfo Crowns rebalance.The latest Crowns rebalance – which takes place twice a year in January and July – showed that value style funds, across all equity...
News and Announcements
Apax Global Alpha to invest EUR 21.3m in Rodenstock Group
Apax Global Alpha said on Thursday that it was putting 21.3m (£18.37m) into ophthalmic lens manufacturer Rodenstock Group, as part of a majority stake investment by the Apax X Fund, in which it is a limited partner. The FTSE 250 firm said the transaction was expected...
BBGI Global Infrastructure performs ahead of plan in 2020
BBGI Global Infrastructure reported portfolio performance and cash receipts ahead of its business plan in its annual results on Thursday, with its investment basis net asset value rising 6.7% in 2020 to end the year at £916m. The FTSE 250 infrastructure investor,...
NextEnergy Solar reaches development target with two new assets
NextEnergy Solar Fund has reached its subsidy-free development target of 150MWp, it announced on Thursday, through two newly-approved development assets, which were currently being prepared for construction and were expected to be energised in early 2022. The FTSE 250...
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United Utilities profit to drop in line with expectations
United Utilities said annual profit would fall in line with its expectations because of lower revenue and higher infrastructure spending....
CMC Markets lifts FY expectations after strong Q4
CMC Markets lifted its full-year guidance on Thursday following a "strong" fourth-quarter performance. In an update for the period from 1...
AstraZeneca revises down efficacy rate on US Covid vaccine trial
Pharma giant AstraZeneca revised down the efficacy rate for its US Covid-19 vaccine trial to 76% after authorities there said the company...
Compass profitability improves as volumes stay subdued
Compass Group said profitability improved in the second quarter while volumes stayed subdued because of the Covid-19 crisis. The world's...
Covid-19 closures push Cineworld to massive annual loss
Cineworld swung to a huge annual loss as the movie house chain felt the full impact of closures during the Covid-19 pandemic and warned...
Feedback awarded one-year NHS trust contract
Medical imaging technology company Feedback has been awarded a one-year contract worth £84,000 with the Royal Berkshire NHS Foundation...
M&B chairman Bob Ivell suffers revolt at AGM
Almost one-quarter of Mitchells & Butlers shareholders voted against the pub group's chairman in a sign of increased frustration about...
Bally’s agrees in principle to buy Gamesys for £2bn
Bally's of the US has agreed in principle to buy Gamesys in a deal that would value the online gaming operator at £2bn. Under the possible...
John Lewis to close eight more stores with 1,500 jobs at risk
Retailer John Lewis has confirmed the closure of eight stores, putting almost 1,500 jobs at risk as it looks to emerge from the impact of...
Ryanair unveils new routes despite govt warnings on new Covid wave
Budget airline Ryanair on Wednesday said it was expanding its summer flight schedule, citing the successful rollout of Britain's...
Pendragon ‘well-positioned’ for recovery despite FY sales tumble
Car dealership Pendragon reported a modest full-year profit on Wednesday, despite seeing revenues tumble by more than a third, after a...
Indivior puts biggest investor on board in overhaul
Indivior has given Scopia Capital, its biggest investor, a place on its board as part of a governance overhaul by the prescription drugs...
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