UIL Ltd (GB:UTL) has released an update.
UIL Limited reported a decline in its NAV total return by 3.8% in May, underperforming the FTSE All Share Index. Amid global market fluctuations and a strong sterling, the company saw mixed results in its portfolio, with a notable transaction involving the sale of half its shareholding in Novareum. UIL’s share price dipped slightly, while the company maintained its debt level and paid out its second quarterly interim dividend for the year.
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