Less Ads, More Data, More Tools Register for FREE

Pin to quick picksULE.L Share News (ULE)

  • There is currently no data for ULE

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Baillie Gifford UK Growth Net Asset Value Falls But Beats Benchmark

Fri, 12th Jun 2020 10:23

(Alliance News) - Baillie Gifford UK Growth Fund PLC on Friday said it swung to a negative annual total return but did outperform its benchmark, helped by its holdings in Just Eat Takeaway.com NV and Boohoo Group PLC.

In the year ended April 30, the trust's net asset value per share slumped by 14% to 175.2 pence from 203.1p.

Its shares were 0.8% lower at 172.67p each in London on Friday morning.

Baillie Gifford UK reported a negative total return of negative 13%, swinging from 0.2% in the year prior, but outperforming the FTSE All-Share Index which lost 17%.

"The notable contributors to the relative outperformance were: Genus PLC, Boohoo.com, Just Eat Takeaway.com and Ultra Electronics Holdings PLC," Baillie Gifford UK Growth said.

The trust cut its dividend by 30% to 3.10p per share from 4.45p.

"The long-term ramifications of Covid-19 on the UK and global economies are unknown, but it is likely that in the short-term the trading environment for many companies will be exceptionally challenging. On top of this, whilst the UK has left the European Union, the risks of a disorderly Brexit remain high," the trust said.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
9 Mar 2021 09:56

BROKER RATINGS: SocGen downgrades Pearson to Hold from Buy

BROKER RATINGS: SocGen downgrades Pearson to Hold from Buy

Read more
9 Mar 2021 09:05

Ultra Electronics lifts 2020 dividend amid double-digit profit growth

Ultra Electronics lifts 2020 dividend amid double-digit profit growth

Read more
9 Mar 2021 08:49

LONDON MARKET OPEN: Lacklustre start after mixed sessions in NY, Asia

LONDON MARKET OPEN: Lacklustre start after mixed sessions in NY, Asia

Read more
9 Mar 2021 08:02

Ultra Electronics full year underpinned by contract wins

(Sharecast News) - Defence contractor Ultra Electronics reported a jump in full-year profit and revenue on Tuesday as it won a number of new contracts.

Read more
9 Mar 2021 07:47

LONDON MARKET PRE-OPEN: Standard Life unveils strategy, rebases payout

LONDON MARKET PRE-OPEN: Standard Life unveils strategy, rebases payout

Read more
2 Mar 2021 16:01

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
27 Jan 2021 09:32

BROKER RATINGS: Barclays Cuts Babcock To Underweight From Overweight

BROKER RATINGS: Barclays Cuts Babcock To Underweight From Overweight

Read more
8 Jan 2021 09:40

UK BROKER RATINGS SUMMARY: Shore Says Buy Hargreaves; UBS Cuts Next

UK BROKER RATINGS SUMMARY: Shore Says Buy Hargreaves; UBS Cuts Next

Read more
2 Dec 2020 09:33

UK BROKER RATINGS SUMMARY: JPMorgan Upgrades Shell To Overweight

UK BROKER RATINGS SUMMARY: JPMorgan Upgrades Shell To Overweight

Read more
19 Nov 2020 09:55

UK BROKER RATINGS SUMMARY: Liberum Upgrades easyJet, Davy Downgrades

UK BROKER RATINGS SUMMARY: Liberum Upgrades easyJet, Davy Downgrades

Read more
17 Nov 2020 11:48

Iran warns of retaliation if Trump goes ahead with strike

(Sharecast News) - The Iranian government warned the US against launching a military strike following reports that President Donald Trump asked for the available options last week to attacking Iran's main nuclear site.

Read more
13 Nov 2020 13:50

Friday broker round-up

(Sharecast News) - HSS Hire Group: Liberum upgrades to hold with a target price of 20p.

Read more
13 Nov 2020 09:39

UK BROKER RATINGS SUMMARY: Barclays Raises Whitbread To Overweight

UK BROKER RATINGS SUMMARY: Barclays Raises Whitbread To Overweight

Read more
13 Nov 2020 08:06

LONDON BRIEFING: Market Rally Stalls As Central Bankers Issue Caution

LONDON BRIEFING: Market Rally Stalls As Central Bankers Issue Caution

Read more
10 Nov 2020 13:17

Tuesday broker round-up

(Sharecast News) - On the Beach: Citigroup downgrades to neutral with a target price of 370p.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.