Blackstone mounts $1.5bn counterbid for Hipgnosis Songs Fund
Blackstone has launched a counteroffer for Hipgnosis Songs Fund (SONG), offering a 6.9% share price uplift on last week’s Concord Chorus offer.
Blackstone has launched a counteroffer for Hipgnosis Songs Fund (SONG), offering a 6.9% share price uplift on last week’s Concord Chorus offer.
Third Point Investors (TPI) trust has posted a “disappointing” net asset value total return of 4% for the year to 31 December 2023, significantly behind its benchmark.
A nickname given to me by my editor, James Baxter-Derrington, I fully embraced the role this week and donned my tartan cape to reveal that Scottish Mortgage had made its first big investment call of the year.
UK retail sales volumes flatlined in March following a revised 0.1% increase in February, according to the Office for National Statistics.
Home REIT has sold a further 65 properties for £15.9m, taking the total number of properties either completed or exchanged for sale to 773, more than a third of the trust’s portfolio before the public auctions began.
Bank of England rate setter Megan Greene said the UK’s latest wage growth and services price inflation data is too high for the central bank to consider cutting rates, a move she ruled out as “imminent”.
Gresham House Energy Storage (GRID) has suspended dividends and further buybacks for the remainder of 2024, as a difficult revenue environment for the UK battery storage sector forces the trust to prioritise deleveraging the portfolio.
Octopus Apollo VCT has increased its fundraising target by £35m, reopening the investment window into the vehicle in response to investor demand.
UK consumer confidence has increased for a sixth consecutive quarter to its highest rate since the third quarter of 2021.
Fund managers have expressed scepticism over the creation of a Great British ISA, arguing it is “unlikely to be the catalyst for fresh investment into the UK”.