Polar Cap Tech posts modest shortfall in performance
10th Dec 2012 07:08
The relative performance of specialist investment management company Polar Capital Technology Trust fell slightly short of the benchmark with the net asset value per share falling 5.6 per cent in the six months to October 31st 2012. In the FTSE 250-listed company's half yearly results, published o
Read morePolar Cap Tech upbeat despite 'wall of worry'
13th Dec 2011 08:52
Technology-focused trust Polar Capital said it remained confident in future returns from equities, despite the world facing a 'wall of worry'. The firm posted a 5% fall in net asset value to 350.48p in the six months to the end of October. Total net assets fell 4.5% to £447.67m. "The marked underp
Read morePolar Capital looks to new tech cycle
13th Dec 2010 15:08
Tech-focused trust Polar Capital will continue to focus on the small to medium cap end of the market as it believes a new tech cycle is just getting underway. The trust, which posted a 5.7% increase in NAV to 333p in the half year to October, said that this could explain the recent burst of M&A dea
Read morePolar Capital Technology FY Pretax Profit GBP124.7M
11th Jun 2010 07:51
LONDON (Dow Jones)--Polar Capital Technology Trust PLC (PCT.LN) said Friday that for the year ended April 30, it made a pretax profit of GBP124.7 million on a total income of GBP129.2 million. MAIN FACTS: -NAV per share rose by 45.4%, outperforming the Dow Jones World Technology Index's rise
Read moreTech rally lifts Polar Cap
11th Jun 2010 07:43
Polar Capital Technology Trust outperformed its benchmark indices last year as global technology stocks bounced back strongly. Net asset value per share (NAV) in the year to 30 April 2010 rose by 45.4%, compared to a 39.6% increase on the Dow Jones World Technology Index and a 34.9% gain by the FTS
Read moreLondon close: Footsie hits 18-month high
5th Mar 2010 17:00
Strong economic data from the US sent Footsie to its highest levels since late 2008. The leading share index closed a whisker shy of the 5,600 point mark. A much better than feared read on US non-payrolls sparked the surge. The US jobs figures showed 36,000 jobs were lost in February, compared wit
Read moreLondon afternoon: Footsie through 5,600, 18-month high
5th Mar 2010 16:07
London's blue-chips have surged forward to an 18-month high and climbed above 5,600 for the first time since late 2008. A much better than feared read on US non-payrolls has spaeked today's surge, with the Dow adding 100 points and miners surging higher alongside bank shares. The US jobs figures s
Read moreLondon midday: Footsie powers on
5th Mar 2010 11:58
London's blue-chips are nearing a 52-week high on renewed optimism over the banks, a good morning for miners and despite a mixed read on UK factory gate inflation. The cost of goods at the factory gates in February was 4.1% higher than a year earlier, a tad above the 4% annual gain expected by eco
Read morePolar Cap Tech outperforms
5th Mar 2010 09:41
Global technology stocks investment trust Polar Capital Technology was ahead of the game in the three months to end-January as tech stocks outpaced the market. Net asset value per share at 29 January was 265.6p, up 7.6% from the 246.8p at the end of October. Over the same period the Dow Jones World
Read moreThursday tips round-up: GKN, Drax, Xchanging
17th Dec 2009 06:10
GKN yesterday delivered its first upgrade to profit forecasts this year ? but you might not guess it from the shares in the aerospace and automotive engineer, which actually fell on the day. At 113½p, or eight times the best guess of 2011 earnings, the shares trade at a steep discount to US peers. B
Read morePolar Cap Tech bounces back
16th Dec 2009 08:32
Polar Capital Technology, the global technology stocks investment trust, said it outperformed its benchmark index in the first half of its financial year. Net assets rose 13.6% in the six months to end-October, compared to a rise of 11.5% in sterling terms for the Dow Jones World Technology Index.
Read moreSterling weakness cushions Polar's losses
12th Jun 2009 07:47
Polar Capital Technology, the investment trust that invests in global technology stocks, saw its decline in net asset value last year limited by the weakness of sterling. The company said its decision to greatly reduce its exposure to the UK market proved to be a good one as sterling fell substanti
Read moreFriday preview: John Lewis, Polar Capital, Plant Impact
11th Jun 2009 17:25
Friday looks set to be the quietest day of a quiet week for company results, with weekly sales figures from Waitrose owner John Lewis likely to be the main focus in the morning, as investors look for trends that may give a clue to how the likes of Tesco, Sainsbury, Wm. Morrison and Debenhams are far
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