F&C

F&C is hoping to prevent its Commercial Property trust (FCPT) being merged into the UK Commercial Property trust by offering an alternative deal.

F&C intends to vote against Prudential's proposed acquisition of AIA amid increased investor opposition to the deal.

CONJECTURE

INVESTMENT TRUSTS

The Investors' Capital trust raised £6.5m last year, reporting a dividend yield of 6.7% against 3% from FTSE All Share Capped 5% Index.

This year could see a resurgence in the issuance of zero dividend preference shares (ZDPs) following the success of recent issues, F&C says.

The future of the eurozone now hangs on how markets react to the €110bn (£94bn) bailout of Greece, according to the director of UK equity strategy at F&C.

The Pacific Assets Trust has dropped F&C as its manager, handing the mandate to Angus Tulloch's First State Asia Pacific/Global Emerging Markets team.

F&C's Jeremy Tigue has moved his short-term borrowings from sterling into yen to benefit from an anticipated strengthening of the pound.

F&C's high profile acquisition of Thames River Capital has received mixed reactions from financial analysts, amid market noise Thames River was sold short.