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Share Price Information for Scottish Mortgage (SMT)

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Share Price: 890.00
Bid: 872.00
Ask: 920.00
Change: 0.00 (0.00%)
Spread: 48.00 (5.505%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 890.00
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Newcomers eye promotion in FTSE 100 index reshuffle

Mon, 28th Nov 2016 08:41

(ShareCast News) - Irish packaging group Smurfit Kappa, newly listed medical product company ConvaTec Group and online car retailer Auto Trader could make the leap into the FTSE 100 benchmark on Wednesday as part of the quarterly FTSE Russell index reshuffle.Making way could be precious metals producer Polymetal International after only one quarter in the top flight index as the Russian gold producer recoils due to the reversal of the gold price since the US election, along with building materials supplier Travis Perkins, which stumbles out after its profit warning last month.Unless their shares suffer big losses early in the week, shopping centre owner Intu Properties, outsourcer Capita and retailer Dixons Carphone should be safe from being relegated to the mid-cap index for now.The changes, weighted using market capitalisation as of Tuesday's closing prices, will be confirmed after market close on Wednesday and will be put into practice on 19 December.ConvaTec, which produces products in wound therapeutics, ostomy care, continence and critical care, and infusion devices, only listed in London at the end of October this month.Dublin-based Smurfit Kappa, one of the world's largest integrated manufacturers of paper-based packaging products, was promoted to the FTSE 250 in June, having moved its primary listing from Ireland to London in April.Auto Trader, which was floated by Apax and Guardian Media Group at 235p in March last year, topped 400p coming into 2016 but has seen its shares waver below there since and would be more likely to be pipped by Scottish Mortgage Investment Trust.It would be only the second investment trust to ever become listed on the FTSE 100, noted analysts at Hargreaves Lansdown, who said it was likely that there would be "two down and two up", with Polymetal and Travis Perkins relegated and Convatec Group to be joined by Smurfit or Scottish Mortgage Investment Trust.Indicative price data suggested Weir Group, Rentokil Initial and Just Eat, could also be in for a promotion shout, given a late surge.Retailer DFS Furniture, cyber security expert NCC Group, tech company Laird and estate agent Countrywide were in the hat for potential demotions from the FTSE 250.The previous review saw Polymetal promoted as Berkeley Group moved down. Moving up to join the housebuilder in the FTSE 250 were GVC Holdings and Hunting, as Pendragon was squeezed out.
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9 May 2014 11:40

Scottish Mortgage Investment Trust Outperforms, Wants Policy Changes

LONDON (Alliance News) - Scottish Mortgage Investment Trust PLC Friday said its net asset value total return was 23.1% in its last financial year, surpassing the 6.8% of its benchmark, the FTSE All-World Index, while it also announced proposals to amend its investment policy. The trust's sh

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3 Mar 2014 10:37

Scottish Mortgage Investment Trust Says Management Fee Reduced

LONDON (Alliance News) - Scottish Mortgage Investment Trust PLC Monday said the management fee paid to Edinburgh-based manager Baillie Gifford & Co will fall as of the start of April, and could be further reduced if assets continue to grow. From April 1, Baillie Gifford's annual remuneratio

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11 Nov 2013 10:13

Ex-divs to take 11.6 points off FTSE 100 on Nov. 13

LONDON, Nov 11 (Reuters) - The following FTSE 100 companies will go ex-dividend on Wednesday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-

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31 Oct 2013 11:06

Scottish Mortgage 1st Half Earnings Drop But Net Asset Value Rises 12%

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27 May 2013 09:28

Ex-divs to take 0.97 points off FTSE 100 on May 29

LONDON, May 27 (Reuters) - The following FTSE 100 companies will go ex-dividend on Wednesday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-m

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1 May 2013 08:57

Scottish Mortgage Investment Trust posts annual earnings growth

Scottish Mortgage Investment Trust reported strong annual earnings results boosted by non-recurring dividends most notably from its holding in Polish copper miner KGHM. Earnings per share totalled 15.59p for the year to March 31st, compared to 13.07p in 2012. However, the group expects the follow

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26 Oct 2012 08:11

Scottish Mortgage sees NAV fall, but earnings rise

Scottish Mortgage Investment Trust, the FTSE 250-listed trust run by investment manager Baillie Gifford, saw net asset value (NAV) decline in the first half, though earnings were helped higher by dividend-paying companies on the portfolio. NAV per share dropped by 1.5% over the six months to Septem

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4 May 2012 08:12

Scottish Mortgage stages second-half comeback

The financial year just ended was one of two halves for Scottish Mortgage Investment Trust, with the second being much more to management's liking. Over the year to March 31st net asset value (NAV) per share fell by 5.8% and the share price by 4.6%, both of which represented under-performance again

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28 Oct 2011 08:15

Scottish Mortgage prepared for short-term pain

The first half of the financial year has been a rough one for Scottish Mortgage, with the investment trust's net asset value per share (NAV) falling by 20.5%. The decline in NAV in the six months to the end of September was worse than the 16.1% fall in the FTSE All World index in sterling terms, th

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11 Mar 2011 17:18

Boss' s wife splashes out on Standard Life shares

The wife of Standard Life's chief executive has spent nearly £300,000 on a stake in the insurer, the day after the company announced it had a "good" 2010. Caroline Nish, wife of David, bought 125,000 shares at 2,24p a time, taking the couple's stake to about 550,000 shares. The UK's fourth-largest

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6 Jul 2010 11:10

Scottish Mortgage Investment Trust 3-Month NAV -11%

LONDON (Dow Jones)--Scottish Mortgage Investment Trust (SMT.LN), a low cost investment trust, said Tuesday its net asset value for the three months ended June 30 fell by 11%, while the FTSE All World Index in sterling terms, the benchmark, fell by 10.7%. MAIN FACTS: -Net asset value per shar

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11 Jan 2010 14:34

Scottish Mortgage ends 2009 with a flourish

Portfolio managers at Scottish Mortgage Investment Trust will have enjoyed their Hogmanay after the trust's net asset value bounced 8% higher in the fourth quarter of 2009. Net asset value (NAV) per share, after deducting borrowings at fair value, rose to 609.6p at the end of 2009 from 567.8p at th

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30 Oct 2009 15:06

Scottish Mortgage chairman to leave on a high

Global equities investment trust Scottish Mortgage gave its benchmark comparison index, the FTSE All World index, a pounding over the 6 months to 30 September. The investment trust said its net asset value (NAV) per share soared 48% over the reporting period, versus a 28% increase in the FTSE All W

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