This week we publish our regular monthly summary of the capital gain and income for each of the Income Portfolio’s holdings. Things are little changed from last month: just four holdings have lost money in total-return terms and the portfolio’s total return (annualised) is 8.2pc.
Update: Renew Holdings
Renew, the engineering services and specialist housebuilding group bought for the Income Portfolio in November 2016, published a positive trading update on Tuesday.
It said performance “continues to be strong”, adding: “Trading for the first half of the year is in line with the board’s expectations and we anticipate reporting an increased forward order book at the interim results.
“This has been...