Citywire news

Investment company news brought to you by Citywire Financial Publishers Limited.

Over 1,300 ISA individuals have accumulated more than £1m in ISA accounts with the three biggest stock brokers. Their secret? Buying top trusts like Scottish Mortgage.
A jump in the pound saw the FTSE 100 add to losses made yesterday in the midst of the US tech sell-off.
Shares in £18bn global growth giant tumbled nearly 8% in torrid afternoon trading, before recovering, leaving them down 17% over a week, though with plenty of gains in the bag after more than doubling last year.
(Update) UK equities reversed tentative gains on the UK's lockdown exit plans as US technology stocks suffered a second day of steep sell-offs prompted by valuation concerns.
UK stocks and sterling were both buoyed by Boris Johnson’s plan for easing lockdown restrictions, with indices led higher by travel and leisure stocks.
UK stocks and sterling were both buoyed by Boris Johnson’s plan for easing lockdown restrictions, with indices led higher by travel and leisure stocks.
Baillie Gifford fund managers Sophie Earnshaw and Roderick Snell herald China’s investment in charging infrastructure and the advantage conferred by scale of its domestic market.
GRIT Real Estate, a hard currency fund investing in under-developed African countries, argues its share price has been over-sold in the pandemic as lockdowns and restrictions have been less prominent in some of its markets.
Following recent shares issues the 17-strong Renewables investment company sector has a combined market value of about £10.5bn and is close to overtaking the UK Equity Income trusts.
The FTSE 100 and pound fall on reports that a slow, phased reopening of the UK economy will be announced by Boris Johnson tonight.