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Hipgnosis Songs Fund Limited Shares News & Articles

Hipgnosis Songs Fund plans to raise £150 million to buy ‘substantial pipeline’ of songs

Shares in music royalties investment trust Hipgnosis Songs Fund (SONG) fell 1.4% to 122.2p after it announced plans to raise £150 million to fund more music deals. The trust said it will issue 124 million new shares at a price of 121p each, a 2.4% discount to Tuesday’s closing price of 124p, and a 2% premium to its adjusted operative NAV (net asset value). It plans use the net proceeds ...

FTSE firms as AstraZeneca vaccine rollout begins, Entain surges on takeover excitement

London’s FTSE 100 firmed 1.7% to 6,567.70 early on in the first trading session of the new year as the UK began vaccinating the population with the new Oxford University/AstraZeneca jab and a rise in oil prices lent the blue chip benchmark some support. AstraZeneca (AZN) advanced 1.7% to £74.45 as the drugs giant also completed the sale of commercial rights to its hypertension medications ...
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