Trading updates from Supermarket, Regional, Ediston and Picton real estate investment trusts hold out promise of slow recovery in commercial property.
Property funds are responding to the challenge of climate change with Foresight launching a sustainable real estate fund and Derwent London planning to be the first carbon neutral real estate investment trust.
Strong results from Amazon, Apple and Facebook overnight buoy UK stock market after yesterday’s dire US and German economic figures. Tech-heavy Scottish Mortgage Trust among the leaders.
The UK's oldest investment trust is on track to increase its dividend for the fiftieth year in a row in 2020 after emerging from the coronavirus crash intact.
Global smaller companies trust bucked the coronavirus crash with a 15% first half gain. Fund manager Simon Barnard used sell-off to buy two new shares, including Rational, a supplier of ovens to the Royal Family.
Edinburgh investment trust’s new manager James de Uphaugh promises the portfolio he has overhauled since taking it on from Mark Barnett and Invesco is ‘jammed’ with companies that will excel.
(Update) FTSE 100 wrestles with quarterly earnings reports as strong sales at Next offset poor results from builder Taylor Wimpey and Barclays. Perpetual Income & Growth leaps 6% on proposed merger with Murray Income.
Perpetual Income & Growth, the £466m UK equity income trust that fired Mark Barnett and Invesco in April, agrees to merge with Aberdeen Standard’s Murray Income Trust in sign of consolidation in sector.
Gold has soared by around a quarter this year and despite breaching all-time highs, a weak dollar and coronavirus second wave mean the precious metal could go higher.
Debt fund resisting £183m bid approach from M&G Investment Management reinstates 4.5p annual dividend target it withdrew at the start of the coronavirus crisis.