Travel stocks, banks and oil companies resume rally while pub stocks soar as Financial Times reports government targeting 22 June as date it will allow outdoor customers.
The coronavirus crisis is acting as a catalyst accelerating the rate of technological change, say the Baillie Gifford fund managers behind the global smaller company trust.
Pershing Square and F&C miss out on promotion to the FTSE 100 index but 10 trusts move up the lower rankings though JPMorgan Indian loses its 'mid cap' FTSE 250 slot.
A warning from GCP Infrastructure that debt fund will lower its dividend target from October is a reminder there are no easy options for income investors.
Gary Robinson, co-manager of Baillie Gifford's top-performing American fund and US Growth trust, up 42% and 38% this year, says investors underestimate growth potential of companies like Amazon and Alphabet.
Shires Income maintains this year's payout but makes no promises on 2021, while BMO UK High Income raises dividend and reassures investors.
Top-performing BlackRock Smaller Companies delays annual results due to a problem with its articles of association but lifts dividends by 4%.
Martin Currie looks set to lose Securities Trust of Scotland after board of global equity income trust serves it six months’ notice after learning fund manager Mark Whitehead was leaving.
BMO Real Estate Investments has cut its dividend, which was already uncovered by earnings before the crisis, as tenants struggle to pay rents due to coronavirus restrictions.
David Smith, manager of the high-yielding but highly geared UK equity income trust, reflects on the new post-pandemic reality for dividend seekers.