RIT Capital Partners reports record net asset value per share
7th Mar 2013 11:12
FTSE 250-listed investment trust RIT Capital Partners has reported its highest net asset value (NAV) per share of 1,309p on February 22nd, a financial update has shown. In the nine months ended December 31st, the company reported that it increased its net quoted equity exposure to 61% and overall
Read moreLondon midday: 'Fiscal cliff' concerns dampen markets
28th Nov 2012 11:41
- Comments from Harry Reid weigh on sentiment - Intel rumoured to be interested in ARM - Ex-div stocks provide a drag The FTSE 100 was trading firmly in the red on Wednesday, tracking US stocks lower overnight as the market's focus turns from Greece to the US 'fiscal cliff'. The main US equity ben
Read moreLondon open: Stocks fall as focus turns to 'fiscal cliff'
28th Nov 2012 08:31
UK stocks slipped in early trading on Wednesday, tracking US markets lower, as focus turned to the impending US 'fiscal cliff'. "European equities are trading lower this morning being pressured by a late sell-off in the US yesterday evening on fears that so far there has been too little progress be
Read moreLondon pre-open: FTSE set to erase Tuesday's gains
28th Nov 2012 07:26
City sources predict the FTSE 100 will open down 15 points from yesterday's close of 5,800, as concerns over the situation overtakes the confidence which followed the Greek bail-out agreement. The predicted losses will erase all of Tuesday's gains which resulted from the deal. The main US equity
Read moreRIT Capital Partners half year NAV falls
28th Nov 2012 07:13
Investment trust RIT Capital Partners said net asset value fell in the half year to September 30th as some of its defensive hedges under performed in a rising market. NAV per share fell 4.9% to 1,188.1p in the six-month period from 1,249.3p at the end of March. Net assets fell to £1.8bn from £1.9bn
Read moreRIT Cap Partners sees NAV slip in the first quarter
17th Aug 2012 07:19
Investment trust RIT Capital Partners saw its net asset value (NAV) decline in the first quarter. Diluted NAV per share in the period between the start of April and the end of July fell by 3.0% to 1,183.5p, although it is still up 4.7% since December 31st. "RIT's investment strategy continues to r
Read moreRIT Cap Partners Investment Director steps down
26th Jul 2012 13:03
RIT Capital Partners, the investment trust started by Lord Jacob Rothschild, has announced that its Investment Director, Micky Breuer-Weil, has stepped down to start his own money management business, having been on the board since 1998; he will be replaced by Ron Tabbouche. Tabbouche is joining t
Read moreRIT Capital acquires minority investment in Corsair
20th Jul 2012 09:05
RIT Capital Partners, the investment trust started by Lord Jacob Rothschild, has made a long-term investment in private equity firm Corsair in return for a minority investment. The company said the investment is part of its strategy of identifying and investing in high quality asset managers, enab
Read moreHikma boss makes a fair few pennies from share sale
21st Jun 2012 16:24
Said Darwazah, the Chief Executive Officer of Hikma Pharmaceuticals, the FTSE 250 multinational pharmaceutical group, has pocketed over one million pounds through the sale of company shares last week. Darwazah sold 195,447 shares at 649p each on June 15th for a total of £1,268,451, the company reve
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 moreRIT Capital Partners boosts divi as NAV falls
1st Jun 2012 07:22
RIT Capital Partners, the investment trusted started by Lord Jacob Rothschild, has reported a drop in its net asset value (NAV) but is offering investors a big increase in dividends. Total NAV dropped 3% in the year ending on March 31st to £1.92bn and, amidst Eurozone headwinds, the most recent NAV
Read moreRIT Capital takes major stake in Rockefeller
30th May 2012 09:18
Not for the first time, the Rothschilds and the Rockefellers are to team up, with investment trust RIT Capital Partners, chaired by Lord Rothschild, taking a major stake in Rockefeller Financial Services. RIT is to acquire the 37% stake in Rockefeller previously held by Société Générale Private Ban
Read moreCairn plays it safe with Norwegian oil firm
3rd Apr 2012 07:21
Cairn energy is splashing out on Agora Oil & Gas, a firm with North Sea interests and owned by Lord Rothschild's investment trust. The $450m deal will see Agora adding extra drilling activity to Cairn's 2012 exploration and appraisal programme, with nine wells scheduled to be drilled in the UK and
Read more