Aug 13, 2024 / 07:00AM GMT
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While today's discussion is primarily around Witan Investment Trust half year results, I should highlight that subject to shareholder approval, Witan announced its intention in June to combine with Alliance Trust plc later this year to form Alliance Witan plc. This news has been widely publicized, and we will, of course, touch on the future of Witan later. First though, let's look at the Trust results to June 30. Andrew Bell, the first half of this year has seen sort of a bit of a mix, interest rates have plateaued despite inflation coming down, but then on the other side, we've had some pretty good corporate results. So how has the Trust performed against this backdrop?
Questions and Answers:
Andrew Bell - Witan Investment Trust PLC - Chief Executive Officer, Executive DirectorYes, until the Bank of England cut rates in early August, we've had 11 months of unchanged rates since July last year, which definitely fits into the metaphor, which has been describing the peak of interest rates as more like table mountain than the Matterhorn. Although
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