Citywire news

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Association of Investment Companies calls for abolition of 0.5% stamp duty on the purchase of investment trust shares, saying it is unfair as the levy does not apply to most open-ended funds.
Our columnist argues US financials, particularly banks, are 'an increasingly obvious trend for the next few years' and still offer value if you get in soon.
Tim Woodhouse, co-manager of sector-leading JPMorgan Global Growth & Income, regrets missing out on Tesla's stratospheric growth last year but explains why he won't invest now.
The FTSE 100 drops back below 7,000 as Biden administration looks into restrictions to make cigarettes less addictive.
The £3.1bn global multi-manager investment trust expands its fund manager roster to 10 adding Metropolis Capital and Sands Capital while promising to make its portfolio carbon neutral by 2050.
Despite a subdued opening UK equities managed to keep hold of gains made at the end of last week on strong data from both China and the US.
The trust’s manager, Aberdeen Standard Investments, has reduced its fee as the long-term value laggard hopes the recent rotation from growth will boost its performance.
The FTSE 100 topped 7,000 for the first time since last February, buoyed by the Dow Jones hitting a record high yesterday on the back of strong economic data.
Seville's Metromar shopping centre is a black spot in Schroder European Real Estate's portfolio as its lender assesses a likely covenant breach, but the shares have advanced as investors eye a restored dividend.
The trust’s co-manager Tom Slater explains what attracted him to rocket builder Relativity Space and Dutch payments giant Adyen.