Gcp Asset Bckd Share News (GABI)

IN BRIEF: GCP Asset Backed Income Fund net asset value falls

GCP Asset Backed Income Fund Ltd - London-based UK asset backed loan investor - Says net asset value at September 30 was 93.36 pence per share, down 15% from 110.02p at June 30. Says this is primarily due to a further write down during the quarter of around GBP2.8 million to the value of the Co-living group investment. Says the weighted average discount rate of the portfolio at September 30 was 10%, an increase of 1.1% over the quarter from 9.3% at June 30.

EARNINGS AND TRADING: Henderson Eurotrust net asset value per share up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week and not separately reported by Alliance News:

SMALL-CAP WINNERS & LOSERS: Pendragon motors on Lithia deal

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

GCP Infrastructure and GCP Asset Backed end tie-up talks

(Alliance News) - GCP Infrastructure Investments Ltd and GCP Asset Backed Income Fund Ltd ended combination talks, as a "significant minority" of shareholders at the latter opposed the tie-up.

GCP Infra and RM Infra terminate merger talks; RM Infra to wind down

(Alliance News) - GCP Infrastructure Investments Ltd on Wednesday said it has been unable to agree on structure and terms with RM Infrastructure Income PLC of a possible combination, and has therefore terminated discussions.

LONDON BRIEFING: Bridgepoint buys ECP; Barratt cuts dividend

(Alliance News) - Stocks in London are called lower on Wednesday, as the recent uptick in oil prices sours the mood.

IN BRIEF: GCP Infrastructure Investments net asset value falls

GCP Infrastructure Investments Ltd - Jersey-based investment fund which specialises in UK infrastructure - Reports fall in net asset value. NAV per share in its third financial quarter to June 30 declines 2.0% to 110.02 pence per share from 112.24p at March 31. Exposure to diversified and partially inflation protected portfolio over the three months increases to 52 from 49 investments, with the total valuation remaining at GBP1.1 billion. Meanwhile, as at June 30 the company bought back 5.9 million shares under its share buyback programme announced on March 14, under which it has the approval to buy back up to 132.6 million shares. On August 11, GCP Infrastructure Investments Ltd and GCP Asset Backed Income Fund Ltd announced that they aim to merge with RM Infrastructure Income PLC.

UK dividends calendar - next 7 days

RM Infrastructure net asset value down, considers partial combination

(Alliance News) - RM Infrastructure Income PLC on Friday said net asset value fell as first half profit ticked down, while it considers a proposal for a potential partial combination as part of evaluating its future strategy.

REPEAT: LONDON MARKET MIDDAY: Stocks slide after surprise UK growth

(Alliance News) - Stock prices in London were lower at midday on Friday, as markets worried that better-than-expected growth figures for the UK economy may give the Bank of England room to keep interest rates higher for longer.

LONDON MARKET MIDDAY: Stocks slide afte surprise growth figures for UK

(Alliance News) - Stock prices in London were lower at midday on Friday, as markets worried that better-than-expected growth figures for the UK economy may give the Bank of England room to keep interest rates higher for longer.

SMALL-CAP WINNERS & LOSERS: GCP Asset Backed up on tie-up plan

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

LONDON MARKET OPEN: FTSE 100 down as rate-sensitive stocks fall

(Alliance News) - London's FTSE 100 opened lower on Friday, with a robust UK gross domestic product giving the Bank of England leeway to enact more hikes, while fears of higher rates were also evident across the Atlantic, after hawkish words from a US central banker.

TOP NEWS: GCP Infra and GCP Asset aim to merge with RM Infrastructure

(Alliance News) - GCP Infrastructure Investments Ltd and GCP Asset Backed Income Fund Ltd on Friday announced that they aim to merge with RM Infrastructure Income PLC.

LONDON BRIEFING: UK GDP rise eases pressure on pound; Emis buy backed

(Alliance News) - The pound bounced back Friday morning after bullish UK gross domestic product data, though the FTSE 100 is called to open lower, giving back some of its progress in the week to date.