Citywire news

BioPharma Credit, the high-yielding lender to US drug companies, has eaten into its cash pile after approving a £110m advance to Nasdaq-listed Coherus.

Royalties fund spends most of the money in its pocket on four song catalogues, including those of Heart singer, songwriter and guitarist Nancy Wilson.

Housebuilders pulled UK equities lower this morning as the government said they must spend billions correcting defective cladding following the Grenfell fire.

The enthusiasm with which investors have embraced the new digital infrastructure income funds is remarkable. The subsector looks to expand again in 2022.

UPDATE: Strategic Equity Capital shares jump 6% after UK smaller companies trust receives merger approach from rival Odyssean, which its fund manager Stuart Widdowson used to run.

The FTSE 100 ekes out a modest rise on the last full day of trading of 2021, but fails to deliver the Santa rally investors like to see.

Updated: US hedge fund manager Dan Loeb is furious as Steve Bates, chairman of his London-listed hedge fund, resigns after complaining of threats by activist shareholders AVI or Staude Capital.

Could 2022 be the year when investors fall back in love with UK generalist real estate investment trusts or Reits? Gavatar explains why with help from Liberum analysts.

Grit Real Estate Income completes a share raise and acquisition of Gateway Real Estate Africa that will allow it to reinstate its dividend and cut its exposure to troubled retail and hospitality sectors.

The shift into retail warehouses by Ediston Property has started to pay off as the real estate investment trust pulls through the pandemic, with the value of its portfolio value up nearly 10%.