Alliance Trust, the FTSE 250 investment company, has seen its net asset value fall 7.5% in the three months to the end of October. It's net assets now stand at £2,457.7m
The firm is currently going through a buy back programme of 15% of its issued shares. So far it has bought 5.9% or 38.3m.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Dividend for the 11 months to the 31 December is expected to be 8.56p, up 2% on the prior year.
Net inflows to Alliance Trust Asset Management in the quarter were £7.3m and the company has also been given permission to launch a "Global Thematic Opportunities Fund" by the FSA, to be managed by Ilario Di Bon and Juergen Lanzer.
Alliance Trust shares were down 1.1% at 2.12pm at 330.92.
BS
-
Will UK inflation rise tomorrow ahead of BoE meeting?August’s inflation report will be published at 7am tomorrow, one day before the Bank of England’s next rate-setting meeting
-
Thousands of savers with £250k pensions take cash over tax-free money and IHT fearsWith a record £70 billion withdrawn from pensions in the year to March, experts are concerned savers are making knee-jerk decisions without advice that could affect their long term wealth
