UK Equity Funds' Persistent Headwinds Remain1116 GMT - U.K. equity funds still suffer from headwinds, Numis analyst David McCann writes in a note. "We observe that the persistent net outflow and performance pressures occurring within U.K. equity funds remain in place," McCann says, pointing to Numis estimates that there were around GBP185 billion in assets under management in explicit U.K. equity mutual funds as of August. ---Round Hill Music Royalty Agrees to $468.8 Mln Takeover by Concord CadenceRound Hill Music Royalty Fund has agreed to a $468.8 million takeover by Alchemy Copyrights, which trades as Concord Cadence, it said Friday. ---Petershill Partners Cuts Part of Full-Year Guidance Despite 1H Pretax Profit SwingPetershill Partners said it swung to a pretax profit in the first half of the year, but that it has lowered part of its full-year guidance. ---Computacenter 1H Pretax Profit Rose on Robust Revenue GrowthComputacenter reported an increase in pretax profit for the first half of 2023 supported by robust revenue growth across its markets and service lines, and raised its dividend payout.

Source: Wall Street Journal September 08, 2023 12:13 UTC