Citywire news

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Gresham House Energy Storage (GRID), largest of three listed battery funds, is fully charged for another ‘transformational’ year as it anticipates a further step-up in UK renewable power.
Former Woodford Patient Capital Trust invests €12m in Back Market, the Paris-based recycled electronics marketplace, its fifth investment since Schroders replaced Neil Woodford as fund manager.
Lindsell Train has acquired a significant stake in UK tech stock Cazoo, an online car retailer listed in the US, as part of the recent takeover of Daily Mail and General Trust.
Investors were unimpressed with strong Christmas trading announced by retailers this morning, while profit problems at Countryside Properties pulled housebuilders lower.
Picton Property Income boss Michael Morris wants to see more mergers and acquisitions among real estate investment trusts this year and is holding out his £580m company as a potential bidder.
A surge in US inflation to 7% helped push the FTSE 100 closer to its pre-pandemic peak of 7,700 but Wall Street seemed unbothered by the rising cost of living.
An oil price jump and bumper Christmas sales by retailers lift the FTSE 100 to within 150 points of its January 2020 peak before the pandemic struck.
AdvancedAdvT, which is backed by UK smaller companies fund Marwyn Value Investors, is stalking advertising giant M&C Saatchi, which has already rebuffed one takeover offer.
AIM-listed TMT Investments sees its stake in Bolt, the ride-hailing and food delivery app, leap 56% after it raised €628m from investors including Fidelity and Sequoia.
Looking for ideas? Winterflood investment trust analysts have added 12 closed-end funds and cut 15 more in a New Year review of their closely-followed model portfolio.