Alliance Trust trails benchmark as it works to simplify business
1st Mar 2019 10:38
(Sharecast News) - Alliance Trust reported a negative total shareholder return of -6.1% in its final results for 2018 on Friday, swinging from a positive return of 19.2% in 2017.
Read moreAlliance Trust pleased with progress amid turbulent markets
26th Jul 2018 13:02
(Sharecast News) - Alliance Trust posted its results for the six months ended 30 June on Thursday, reporting total shareholder return of 1.1%, net asset value total return of 2.9%, and equity portfolio total return of 2.9%, compared with MSCI ACWI total return of 2.3%.
Read moreAlliance Trust to overhaul investment approach
15th Dec 2016 08:21
(ShareCast News) - Alliance Trust posted the outcome of its strategic review on Thursday, outlining a new investment approach involving a number of new managers. The FTSE 250 trust reiterated its main goal to remain a global equity investment trust offering real returns over the medium to long term
Read moreAlliance Trust NAV up; warns of 'small recession' post-Brexit
22nd Jul 2016 08:59
(ShareCast News) - Alliance Trust said first half net asset value rose to 591.4p compared with 545.9p a year earlier although the uncertainty after the UK's decision to leave the EU caused it to underperform against its benchmark. It also warned that the UK appeared to be headed for a "mild recessio
Read moreRothschild climbs down from Alliance Trust interest
7th Jun 2016 13:14
(ShareCast News) - Jacob Rothschild's investment vehicle RIT Capital Partners is no longer interested in acquiring Alliance Trust, it was revealed on Tuesday. The news came a week after Alliance confirmed to the market that it has been approached by RIT. "Following careful analysis and constructive
Read moreWednesday newspaper share tips: Alliance Trust, Hill & Smith
1st Jun 2016 16:06
(ShareCast News) - Managers at Alliance Trust face a familiar set of battle lines this year after investment trust RIT Capital's informal approach, write the Financial Times' Lex column. That investment trust, chaired by Jacob Rothschild, may yet follow up with a formal bid for its Scottish peer. W
Read moreAlliance Trust confirms RIT Capital's informal merger approach
31st May 2016 07:10
(ShareCast News) - Alliance Trust said it has received an unsolicited, informal approach from fellow FTSE 250 investment trust RIT Capital Partners that proposed a merger of the two companies. Alliance stressed that "no detailed terms" were provided by RIT and it will incorporate any formal offer w
Read moreTuesday newspaper round-up: HSBC, Brexit polls, Alliance Trust
31st May 2016 07:05
(ShareCast News) - HSBC's Stuart Gulliver is the European bank chief executive who investors would most like to be replaced, according to a recent poll of large shareholders. When 74 institutional investors were polled by Autonomous Research and asked to each name three banks in Europe "most in need
Read moreAlliance Trust NAV total return beats benchmark index in 2015
4th Mar 2016 07:54
(ShareCast News) - FTSE 250 investment company Alliance Trust reported a rise in assets under management at its investment arm as it lifted its dividend for the 49th consecutive year. For the year to the end of December, assets under management at Alliance Trust Investments rose 9% to £2.1bn. The n
Read moreGarrett-Cox sells chunk of Alliance Trust shares for £1.5m
11th Dec 2015 15:53
(ShareCast News) - Katherine Garrett-Cox, who stepped down as chief executive of Alliance Trust in October, is cashing in some of her chips before Christmas. She sold 305,683 shares in the company through her spouse Jeremy, netting a total of £1.5m. That takes her total beneficial interest in the c
Read moreGarrett-Cox steps down as CEO of Alliance Trust in board shakeup
1st Oct 2015 08:56
(ShareCast News) - Katherine Garrett-Cox has stepped down as chief executive Alliance Trust as part of a broader board shakeup after a battle with shareholder activist fund Elliott Advisors, the company said on Thursday. Garrett-Cox will step down from the board of Alliance Trust but continue as
Read moreAlliance Trust appoints two new non-exec directors
24th Sep 2015 07:36
(ShareCast News) - Asset manager Alliance Trust said Chris Samuel and Karl Sternberg have been appointed non-executive directors of the company and will join the board with immediate effect, following consultation with its largest shareholders. Samuel was chief executive of Ignis Asset Management
Read moreAlliance Trust underperforms in first half, gives cautious outlook
23rd Jul 2015 10:58
(ShareCast News) - Alliance Trust said it underperformed a number of its peers during the first-half of the year, partly due to the sharp rise in bond yields, which affected the return. Its net asset value total (NAV) return was 1.4%, with its total shareholder return at 2.7%. It also continued to
Read moreAlliance Trust unveils two new non-exec directors
24th Jun 2015 14:55
Self-managed investment trust Alliance Trust has confirmed the appointment of Anthony Brooke and Rory Macnamara as non-executive directors. On Wednesday, the FTSE 250 group said both Brooke and Macnamara, who is currently a director of the Dunedin Income Growth Investment Trust, Augean, Essenden and
Read moreWednesday tips round-up: Whitbread, Alliance Trust
29th Apr 2015 20:05
A new branch of Whitbread's Costa coffee chain returns half the investment necessary to open it in just its first year. In terms of numbers that translate into a 46% return on capital. Little wonder then the company wants to increase sales from £1.4bn to £2.5bn by 2020. The other largest unit at the
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