Citywire news

Defensive stocks lead a bounce in UK shares, though retailers feel the pinch after disappointing sales data, and miners continue to decline.

Profitable disposals by 3i Group and Oakley Capital Investments have again underlined the potential bargain value in private equity investment trusts as their shares languish at 20% and 40% discounts as fears of a recession grow.

After a ‘torrid’ year so far for sustainable investments, Morningstar analysts make changes to Interactive Investor’s ACE 40 list of recommended ethical funds.

Real estate fund manager Laura Elkin looks to deploy more in retail and leisure sectors after industrial properties power her trust to a 30% investment return in the year to 31 March.

The FTSE 100 was pushed into the red as the US Federal Reserve said it will continue to raise interest rates despite fears it will induce a recession, causing oil to drop below $110.

The smallest but currently best-performing Impact Healthcare real estate investment trust launches its second share issue of the year to fund a ‘significant’ pipeline of acquisitions.

Real estate investment trust pays a second special dividend of €6.4m (£5.5m) as it rewards shareholders with the bumper profits it made selling a Paris office two years ago.

After one reader, in her 70s, inherited a pool of money, she loved the process of getting into investing and had several early successes. But finding the right form of advice proved more difficult.

Peter Ewins steers Global Smaller Companies Trust through a volatile second half to declare its 52nd consecutive annual rise in dividends.

The Office for National Statistics has reported inflation hit 9.1% last month, putting further pressure on the economic recovery and causing UK shares to lose ground this morning.