Edinburgh Investment Trust sacks Invesco as fund manager
11th Dec 2019 13:13
(Sharecast News) - Edinburgh Investment Trust has sacked Invesco's Mark Barnett as its fund manager after a "disappointing" run of weak results.
Read moreBerkeley directors trade in vested shares
31st Jan 2014 15:49
Three directors of Berkeley Group have sold a collective 65.29m pounds-worth of shares in the housebuilder after they vested under the group's long-term incentive plan. A statement from the company said the proceeds were used principally to enable them to meet the tax, national insurance and costs
Read moreFunds feature: Invesco eyes considerable outflows while Edinburgh IT could rebound
16th Oct 2013 14:58
The shocking resignation of Invesco Perpetual's superstar fund manager Neil Woodford, who manages almost 30bn pounds spread out over five funds, has had repercussions across the industry. Two listed vehicles in particular, Perpetual's US parent Invesco and FTSE 250-listed Edinburgh Investment Trus
Read moreEdinburgh Investment Trust's call on pharmaceuticals pays off
29th May 2013 07:45
The FTSE 250-listedEdinburgh Investment Trust, which invests primarily in UK securities, produced a net asset value (NAV) total return for the year to March 31st of 21.1 per cent debt at par and 22.4 per cent debt at market value. This was far above the total return of 16.8% for the FTSE All-Share
Read moreEdinburgh Investment trumps FTSE index
14th Nov 2012 08:35
FTSE 250 Edinburgh Investment Trust, which invests primarily in UK securities, said net asset value (NAV) increased more than the FTSE All-Share Index. NAV with debt at market value rose by 3% on a total return basis compared with a 1.9% rise in the FTSE index. Chairman Jim Pettigrew commented:
Read moreFTSE 250 movers: Aquarius Platinum down on metal price
1st Jun 2012 13:21
RIT Capital Partners, the investment trusted started by Lord Jacob Rothschild, was on the up on news the company is offering investors a big increase in dividends, despite reporting a drop in its net asset value (NAV). Also rising was Edinburgh Investment Trust, a group focused on UK securities, a
Read moreLondon midday: Manufacturing figures pressure markets lower
1st Jun 2012 11:31
- Manufacturing PMIs in UK, Eurozone, China fall - Eyes on US payrolls - BP jumps on TNK-BP sale After a bright start early on, London's blue chip index had dropped into the red by Friday lunchtime after a barrage of disappointing manufacturing data dampened market sentiment. Manufacturing purchas
Read moreLondon open: Stocks rise despite Chinese data
1st Jun 2012 08:25
- Chinese PMI dissapoints - Ireland begins counting votes on fiscal treaty referendum - BP jumps after proposed sale of interest in TNK-BP London's Footsie index bucked the trend seen across European markets to trade firmly higher on Friday morning, ahead of some crucial payrolls data Stateside du
Read moreEdinburgh Investment grows NAV despite market turmoil
1st Jun 2012 07:39
Edinburgh Investment Trust, the FTSE 250 group focused on UK securities, put in a resilient performance in the year to March 31st, growing net asset value (NAV) by a tenth in spite of the volatile market conditions during the period. NAV per share at market value increased by 10.2% over the period,
Read moreReturn halved at Edinburgh Investment Trust
10th Nov 2011 09:06
Edinburgh Investment Trust more than halved its return year-on-year for the six months ended 30 September. Total return after tax fell from £42.4m to £18.2m after capital dropped into the red and revenue fell by almost £2m to £21m. Return per share was down from 21.7p to 9.3p on a like for like
Read moreComment: High yielding investment trusts
4th Feb 2011 15:31
With most bank and building society savings accounts offering derisory interest rates these days it is tempting to look to other forms of investments to boost income. If you want higher returns, however, then you usually have to accept higher risk of losing your capital, though there are ways of re
Read moreEdinburgh Inv Trust benefits from market weakness
11th Nov 2010 15:54
The Edinburgh Investment Trust increased net asset value (NAV) by 3.7% over the six months to September, outperforming the FTSE All Share which fell 1.5%. It also narrowed the discount to NAV from 6.2% to 4.8% and traded at an average premium of 2% when valuing debt at market value. "The company's
Read moreEdinburgh IT plays tortoise to market's hare
12th Nov 2009 08:39
The defensive approach of the investment manager at Edinburgh Investment Trust saw the investment trust’s performance lag that of the market in the half year to end-September. While the FTSE All-Share advanced 32.8% in the six months to 30 September, the net asset value (NAV) per share of Edinburgh
Read moreEdinburgh chairman splashes out
24th Jul 2009 17:12
Scott Dobbie, chairman of Edinburgh Investment Trust, has made a significant addition to his personal holding in the Invesco-managed trust. Dobbie, who also chairs the Securities & Investment Institute, bought a further 80,000 ordinary shares this week at a cost of £266,400 to take his stake to mo
Read moreWednesday tips round-up: IG, Oxford Instruments, Playtech
10th Jun 2009 06:54
Spreadbetter IG is a good way of getting exposure to equity volatility, without having to pick specific companies. With most financial stocks still considered too toxic for investors of sound mind, those that traditionally like the sector should add IG. Buy says the Independent. The Times adds that
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