Citywire news

(Update) The UK stock market gave up its morning gains after US tech stocks dropped back from record highs when Wall Street re-opened this afternoon.

Both Shell and Unilever raised their dividends in a morning of strong quarterly updates, helping the FTSE 100 break through the 7,000 level again before falling back.

Taylor Maritime Investments aims to raise $250m (£179m) and become London's second shipping fund to offer income investors a big yield from the spike in vessel charter rates as world trade recovers from coronavirus restrictions.

Both Shell and Unilever raised their dividends in a morning of strong quarterly updates, helping the FTSE 100 break through the 7,000 level again.

(Update) Merchants fund manager Simon Gergel cuts companies that have been sluggish in resuming dividends while Investec upgrades the UK equity income trust after its rebound in the value rally.

The real estate investment trust which invests in long leases has turned its attention to drive-thru coffee outlets for the post-Covid-19 climate.

Merchants' UK equity income fund manager Simon Gergel cuts companies that have been sluggish in resuming dividends after last year and predicts the rotation to his 'value' style will slow.

The blue chips were up this morning as a profit recovery at Lloyds boosted banking stocks while a positive update from Persimmon pulled housebuilders higher.

The £459m Dunedin Income Growth investment trust becomes first UK closed-end fund to propose a formal commitment to the environment, society and good governance.

Artemis global fund manager explains why the pharmaceutical giants are struggling despite having proved their value to humanity in the coronavirus pandemic.