Citywire news

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Scottish Mortgage has slashed its position in Tesla, as has top-performing stablemate US Growth trust, with both locking in profits from electric car company's extraordinary share price surge last year.
Shares in Cordiant Digital Infrastructure, the first UK investment trust dedicated to ‘plumbing of the internet’, will start trading tomorrow after company smashed its £300m target, raising £370m from investors.
Global markets have pushed higher on optimism for vaccination plans and fiscal stimulus, leading London-listed stocks up over 1% this morning.
Rising consumer spending and the shift to clean energy will be key drivers of returns from China in the years ahead.
Alternative income funds cash in on investor demand for dividends with three announcing fund-raising plans and SDCL Energy Efficiency Income upping its placing to £160m. But Target Healthcare is only one to offer shares to private investors.
Merchants fund manager Simon Gergel has insisted the UK equity income trust can maintain its 6% annual dividend without being forced to invest in ‘value traps’.
The recent interest of bidders in companies like Aggreko, Signature Aviation and Equiniti augurs well for prospects of UK's unloved small and medium-sized companies.
FTSE 100 edges higher as Covid-19 vaccine maker AstraZeneca reports strong results but Shell's strategy update disappoints. Royal Mail rises on strong Christmas trading report.
Baillie Gifford formally launches Keystone Positive Change (KPC) investment trust after shareholders in former Keystone endorse sacking of Invesco and switch from UK to sustainable, global equities.
Dan Whitestone confirms BlackRock Throgmorton as the leading UK smaller companies trust with strong annual results that reflect fund manager’s ability to bet on both sides of the digital divide.