Numis: The UK Reits feeling the heat from rising rates
UK real estate investment trusts are under pressure from rising interest rates, with the finances of Warehouse Reit looking the most exposed, says Numis Securities.
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UK real estate investment trusts are under pressure from rising interest rates, with the finances of Warehouse Reit looking the most exposed, says Numis Securities.
Rents that rise with inflation are good but not the be-all-and-end-all of property investing, explains Richard Shepherd-Cross, fund manager of Custodian Reit.
UK shares are in the red for a third morning as oil's sharp overnight fall and upcoming US inflation data overshadow a surprise May bounce for the British economy.
Our experienced private investor piled up cash in his portfolio in the difficult first half of the year but has started to deploy the money on four AIM stocks and one investment trust.
Shares in Jupiter’s beleaguered growth capital fund extend their slump to 63% this year after company confirms a massive 78% write-down in buy-now-pay-later credit provider Klarna.
Paul Pindar, fund manager of top-performing private equity trust Literacy Capital (BOOK), is under pressure to resign his chairmanship of online estate agency Purplebricks.
UK shares start another day in the red as retail figures show the cost-of-living crisis biting and fears about fresh Covid-19 outbreaks continue to weigh.
Open-ended property funds enjoy their strongest monthly inflows since June 2015, while a record £1.1bn was pulled from UK equity funds in June.
HICL Infrastructure has launched an opportunistic share issue to capture investor interest in inflation-linked funds amid signs investment companies are struggling to raise money with a six-month ‘drought’ opening up since the last fund launch.
Jupiter’s under-pressure growth capital fund takes another downward lurch after analysts at broker Peel Hunt belatedly downgrade the shares from ‘outperform’, but refrain from going further because of their huge discount.
Stock market turmoil has generated several mysterious examples of investment company share prices trading below rivals or comparable portfolios.
UK shares start the week on the back foot as investors worry that a resurgence of Covid-19 cases in China will derail the economic recovery, hitting commodity stocks hardest.
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