IN BRIEF: BlackRock Energy hails AI but underperforms in first half
BlackRock Energy & Resources Income Trust PLC - London-based investor in energy and mining - Noting challenges due to geopolitical factors such as US tariff policy, net asset value per share falls 12% to 121.81 pence as at May 31, from 137.66p at November 30, 2024. Performance with dividends reinvested is minus 10% for the six months to May 31, compared to its reference index, which had a return of minus 9.2%. The company's reference index is comprised of three indices, the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver IM (Mining), the MSCI World Energy Index (Traditional Energy) and S&P Global Clean Energy Index (Energy Transition) with a 40:30:30 mix of the three indices. The dividend for the first financial half remains unchanged at 2.25p per share. Read More