Citywire news

Caledonia Investments is reported to have appointed investment bank Evercore Partners to sell Seven Investment Management (7IM), its biggest private equity position, having turned down a £300m approach four months ago.

The FTSE 100 recovered 0.5%, or 32.4 basis points, to 7,077 this morning as a wave of optimism spread across the major European indices after closing yesterday at a three-month low.

Updated: UK shares dive and the pound slumps as the Bank of England raises the base rate to 1.25% and warns inflation will hit 11% this year, firing up recession fears.

Updated: UK shares dive and the pound slumps as the Bank of England raises the base rate to 1.25% and warns inflation will hit 11% this year, firing up recession fears.

UK shares sell off and investors are jittery as they wait to see whether the Bank of England will follow the US Federal Reserve by announcing a big interest rate hike.

Industrials Reit, the only UK real estate investment trust focused on smaller, multi-let warehouses, is looking to raise more money from investors after completing the sale of its legacy portfolio.

Fund managers Nick Train and Michael Lindsell have committed to work for another seven years, giving their army of investors the clearest indication yet how long they will be around as a partnership.

The trust, which now goes by Value & Indexed Property Income, says stagflation is here to stay, creating a major opportunity in real estate with inflation-linked rents.

As the cost-of-living crisis dampens consumer spending appetites and the potentiality of a recession becomes more likely, investors have lost some of their enthusiasm. Peel Hunt has compiled a list to whet investors' appetites.

Amazon's recent warning of an e-commerce slowdown hit big box developers but Tritax has shown the market is still strong as it signs the biggest lease of the year.