(Alliance News) - Fidelity Japan Trust PLC on Tuesday said it has agreed heads of terms for a proposed rollover of its assets into AVI Japan Opportunity Trust PLC, with shareholders able to elect to receive new AJOT shares or cash for up to half of their holdings. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(Alliance News) - Fidelity Japan Trust PLC on Friday rejected a proposed merger with AVI Japan Opportunity Trust PLC, saying its own investment team is "one of the best resourced in the industry". Read More
(Alliance News) - London stocks are called down on Friday morning, as the UK government considers its response to US tariffs and the global market is left reeling in the wake of Thursday's sell-off. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(Alliance News) - Fidelity Japan Trust PLC on Wednesday lamented that "the market rally" from 2023 into this year was mostly driven by large-cap value stocks, but positively noted the country's "extensive" corporate governance reforms. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Fidelity Japan Trust PLC - Investment trust focused on Japan - Reports fall in net asset value in the year to December 31 to 182.24 pence per share from 240.73 pence in 2021. Describes 2022 as "one of the most challenging years for financial markets in a long time." Says this was reflected in the returns of the Trust. Notes while the TOPIX, the Japanese market index, fell by only 4.1% in sterling terms over the year to December 31 2022, the market saw a rotation out of growth stocks, where the company has remained heavily weighted, and into value stocks where the company was under represented. This resulted in the NAV per share falling by 24% over the year. Adds since the end of 2022, the gloomy prospects for the world economy have receded a little and markets have recovered from their low levels. At February 28 2023, the NAV of Fidelity Japan Trust has risen by 4.3% which compares to a rise of 1.4% in the Reference Index. Believes the valuation of companies in Japan looks attractive both in historic terms as well as relative to other markets. Remains positive about the prospects for 2023. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
Fidelity Japan Trust PLC - Kent, England-based investment trust focused on Japan - On Wednesday, reported a loss on investment of GBP85.7 million in the six months ended June 30, swinging from a profit of GBP3.1 million the previous year. Income falls to GBP1.8 million from GBP2 million. Net assets value per share at June 30 164.47 pence, down from 240.73p at December 31. NAV return in the half is negative 31.7%, underperforming the firm's unnamed reference index which returned negative 10.0% in the same period. Calls the first half of the year "difficult", notes headwinds for the Japanese yen, inflation and supply chain disruption. Looking forward, expects "macroeconomic uncertainty". Read More
Fidelity Japan Trust PLC - Kent, England-based investment trust focused on Japan - Records gains on investments of GBP857,000 in 2021, down significantly from GBP38.5 million the previous year. Income totals GBP3.5 million, up 6.1% from GBP3.3 million. Net return before tax drops 91% to GBP5.6 million from GBP60.9 million. Net asset value at December 31 stands at 240.73 pence per share, up 1.8% from 236.53p a year before. Moving forward, the trust says it will keep an eye on the situation in Ukraine and its impact on inflation and economic growth. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News: Read More
SMALL-CAP WINNERS & LOSERS: CLIG rises on special dividend Read More
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