Citywire news

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Warehouse real estate investment trust doubled in size to £1bn in year to 31 March as it took in £358m from two share issues and saw the value of its property portfolio soar 25%.
The FTSE 100 continues its upward climb as markets absorb speculation that the Middle East is nearing oil capacity limits, pushing the price of commodity stocks higher.
Janus Henderson has appointed Asia fund manager Mike Kerley as deputy to Alex Crooke on the £1.4bn Bankers investment trust, half-year results show.
Triple Point Energy Efficiency Infrastructure is looking to re-energise its flagging share price with a name change and a clearer focus on supporting the transition to a zero-carbon world.
Montanaro European Smaller Companies fund managers George Cooke and Stefan Fischerfeier exited three positions in the year to the end of March as they battled to hang on to their gains in the sell-off of growth stocks.
Digital 9 Infrastructure looks to break through £1bn just 15 months after launch as it unveils a 48% equity stake in television and radio network provider Arqiva Group and launches its fourth share issue.
High-yielding structured finance funds are being hit as corporate borrowers feel the strain of high inflation and an economic slowdown, though fund managers do not expect default rates to rise significantly.
UK shares picked up from where they left off last Friday following a surge in US stocks, with commodity companies leading the charge as the G7 plans a global infrastructure spending spree to counter China.
Digital 9 Infrastructure looks to break through £1bn just 15 months after launch as it unveils a 48% equity stake in television and radio network provider Arqiva Group and launches its fourth share issue.
Hopes that central banks may have to scale back their interest rate hikes to avoid plunging the world into a recession sent stock markets sharply higher this afternoon.