24th Sep 2025 19:59
Manchester & London Investment Trust PLC - Publishes report for financial year ended July 31. Net asset value per share climbs 30% to 1,077.29 pence from 831.24p a year prior. NAV total return declines to 33.6% from 55.4%. 2025 dividend per share is 28.00p, up from 21.00p a year ago. "The Era of Ai continues, with haste," says Chair Daniel Wright, adding that the trust's conviction remains strong "that the growth drivers of Ai have many years to run". Notes "continued dominance" of mega caps despite worries over inflation, economic growth, geo-political tensions and tariffs. "An annual return that exceeds 30% is an exceptional year," Chair Wright says, noting the that the annualised total return with dividends reinvested since inception is over 17% per annum. Read More
