IN BRIEF: Murray Income Trust portfolio transition nearly complete

Murray Income Trust PLC - Edinburgh-based investor primarily in UK equities - Says Artemis Fund Managers Ltd has completed 98.7% of portfolio transition, following it taking over management of Murray Income Trust on March 2. Murray Income Trust says this reflects change of about 75% of the portfolio.

Murray Income Chair Peter Tait says: "The investment management team at Artemis has been successfully repositioning the portfolio of the company over the past month despite the very considerable level of volatility in markets resulting from the Middle East conflict."

Current stock price: 896.49 pence each, up 0.2% on Thursday morning in London

12-month change: up 8.3%

By Tom Budszus, Alliance News slot editor

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Murray Income Trust