In QuotedData’s morning briefing 4 February 2025:

• M&G Credit Income (MGCI) is convening a meeting on 27 February to approve the issue of up to 31,002,226 shares (20% of its issued share capital). The company has already issued 9.6m shares since its AGM in 2024 and was running out of room to issue more. [It is great to see a trust expanding quickly rather than shrinking, as has often been the norm. I wrote about it in Questor a few weeks back.]
• Bankers (BNKR) has acknowledged the departure of Jamie Ross from Janus Henderson that we reported on yesterday. Jamie ran the European portion of Bankers’ portfolio and was its deputy manager. The responsibility for the company’s Pan European portfolio will be assumed by Alex Crooke, the lead manager for the company since 2003. Alex has over 34 years of experience managing portfolios of global equities, including investments in the UK and Europe.
• Sirius Real Estate (SRE) has acquired a business park in Reinsberg in Saxony, Germany, for €20.4m. The Reinsberg asset is 75% occupied, the majority of which is under a 10-year full repairing and insuring lease to the vendor, generating a rental income of €1.5m per annum. The 25% vacancy provides SRE with an opportunity to add value. The purchase price represents a 6% EPRA net initial yield (NIY) after purchase costs.
• Great Portland Estates (GPE) has appointed William Eccleshare as a non-executive director and chair designate. He will succeed Richard Mully as chair after the company’s 2025 Annual General Meeting in July, when Mully will retire. Eccleshare is currently a non-executive director and senior independent director at Centaur Media plc and chairman of Team ITG, a privately owned digital media business. He is also chair of the Design Council – a Royal Charter charity and the UK government’s strategic advisor on design. Eccleshare has also held directorships at Britvic plc and Hays plc. Additionally, GPE announces that Nick Hampton will step down from the board in April 2025 and will be replaced as senior independent director by Karen Green.

We also have:

JPMorgan EMEA beats benchmark but still overshadowed by events in Russia

VH Global Energy Infrastructure monitoring impact of tariffs on Mexico