UK TRADING UPDATE SUMMARY: AVI Japan Disappointed By Fourth Quarter
Thu, 14th Jan 2021 21:55
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
AVI Japan Opportunity Trust PLC - invests in portfolio of 20 to 30 Japanese stocks - Says small-cap companies in Japan have been largely ignored by stock market investors. For the quarter ended December 31, the MSCI Japan Small Cap Index, in GBP, returned 2.2% while its larger counterpart, MSCI Japan, returned 9.0%. Says own return of 1.0% disappointing considering the very strong earnings recovery reported by portfolio companies. This quarter s earnings season showed the resilience of our companies, with weighted sales and profits of our portfolio falling year-on-year by 4.5% and 6.8%, compared to the companies in the MSCI Japan Small Cap Index whose sales and profits fell 4.5% and 20%. More importantly is that our companies have shown
UK TRADING UPDATE SUMMARY: AVI Global Notes Ban On China Investments
Wed, 13th Jan 2021 19:19
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
AVI Global Trust PLC - invests in family-controlled holding companies, closed-end funds and asset backed opportunities - Notes US Executive Order banning investment in Chinese companies that have been identified as Communist Chinese Military Companies. Confirms it has no direct holdings in any of these 35 companies and, to the best of the investment manager s knowledge, no indirect holdings via any of its investee companies. No investments will be made directly into any CCMCs and no investments will be made into companies which are known to own CCMCs. The investment manager will continue to monitor the portfolio of investments to ensure that, to the best of their knowledge, no investee company is, or holds an investment in, a CCMC for as l
UK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets
Thu, 17th Dec 2020 19:37
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Reach PLC - newspaper, magazine and digital publisher - Notes over 5 million customers have now registered with Reach across its online newsbrands, newsletters, hyperlocal site InYourArea, and other websites. Fourth quarter digital revenue performance is on track to be the highest on record, and expected to exceed 20% year on year growth. Chief Executive Jim Mullen says: With customer registrations significantly ahead of our initial target at 5 million, and our digital revenues continuing to go from strength to strength, we are now focused on the next phase of our strategy, which will utilise enhanced data and insights with the Reach ID being key to that.
UK TRADING UPDATE SUMMARY: Novacyt Unveils New Test For Mink Covid
Mon, 14th Dec 2020 22:04
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Novacyt SA - Anglo-French biotechnology group focused on clinical diagnostics - Launches research-use-only polymerase chain reaction test for a new strain of Covid-19 and the development of two new RUO PCR tests for avian influenza following recent outbreaks across Europe. Originally found in mink in Denmark and the Netherlands, the Y453F mutation quickly spread to humans and has also been detected outside of Europe, company adds. Says mutation is of potential concern to scientists and clinicians as it causes an amino acid change which affects antibody binding. Novacyt has also taken the strategic decision to develop two new RUO PCR tests for avian influenza amid recent outbreaks. The European Centre for Disease Prevention and Control has anno