Manchester&lon. Share News (MNL)

Fund manager adds to majority stake in Manchester & London Investment Trust

Mark Sheppard, the investment manager of Manchester & London Investment Trust (MLIT), has bought nearly £1.9m of shares in the closed-ended investment company. Sheppard, from MLIT's parent Manchester & Metropolitan Investment and MLIT's fund manager Midas Investment Management, bought 712,071 share

Advanced Computer Software Chairman sells 1m shares

Michael Jackson, the Chairman of Advanced Computer Software Group, this week reduced his stake in the company with the sale of one million shares. The company, which provides healthcare and business management software and services, said in a statement that the shares were traded in across three tr

Manchester & London Investment Trust Underperforms Against Benchmark

Avocet Mining Chairman tops up stake after disappointing update

Russell Edey, the Chairman of Avocet Mining since 2010, has boosted his stake by 100,000 shares, less than a week after the company saw its shares fall following a mixed third-quarter update. Edey purchased the shares at 63.75p a time for a total of £63,750. In an update last Thursday, the compa

Manchester & London IT assets hit record

UK growth fund Manchester & London Investment Trust added ground Wednesday after announcing net asset value (NAV) per share topped £100m for the first time ever. NAV (including income) has risen to 445.5p a share, up from the previous all-time high of 408.6p announced towards the end of September.

Manchester & London Gets 97% SMIT Acceptances, Extends Offer

LONDON (Dow Jones)--Manchester & London Investment Trust PLC (MNL.LN), or MLIT, said Thursday that as at 1200 GMT on July 14, it had received valid acceptances of the offer in respect of 5.55 million Stakeholders' Momentum Investment Trust PLC, or SMIT, shares representing 96.82% of its issued share

Manchester & London Gets 96.19% SMIT Acceptances, Extends Offer

LONDON (Dow Jones)-- Manchester & London Investment Trust PLC, or MLIT, (MNL.LN), announced Thursday as at 1200 GMT on June 30, it had received valid acceptances of the offer in respect of 5,509,723 Stakeholders' Momentum Investment Trust PLC, or SMIT, (DDIT.LN) shares,96.19% of the current issued s

Manchester & London Gets 90.93% Acceptances For SMIT Shares

LONDON (Dow Jones)--Manchester & London Investment Trust PLC (MNL.LN) said Wednesday that as at 1200 GMT, it had received valid acceptances of the Offer in respect of 5,208,218 Stakeholders' Momentum Investment Trust PLC (DDIT.LN) or SMIT shares representing 90.93% of the current issued share capita

Manchester & London finalises bid terms

Manchester & London Investment Trust has announced the final terms of its recommended bid for fellow investment trust Stakeholders Momentum Investment Trust. The bid, which is based on the Formula Asset Value which is based on respective NAV of each of the companies' shares, was declared unconditi