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Latest News - Gavin Lumsden

Trust Watch: Brexit-battered Brittain deserves a bounce

A former top-performing UK investment trust is starting to revive on hopes a ‘no deal’ with Brussels can be avoided. Plus all the big movers and ‘cheap’ and ‘dear’ trusts.

Smithson invests 95% of money from blockbuster IPO

Global smaller companies trust launched by star fund manager Terry Smith has deployed the bulk of the £822 million it raised from investors in last month's record initial public offer (IPO).

FTSE falls, sterling stalls as May faces Brexit rebellion

The UK stock market falls but the pound holds steady as investors wait to see whether the prime minister can convince her divided Cabinet to back her Brexit deal with Europe.

M&G Credit Income raises £100m for floating rate fund

Fund manager M&G returns to investment trust sector after hitting minimum fund-raising target for diversified debt fund aiming to yield around 5%.

Baillie Gifford wants a Europe trust: who’s up for grabs?

Investment trust powerhouse wants to fill the European gap in its closed-end range. Should other European trusts be worried?

Investment Trust Watch: Stifel downgrades ‘dear’ F&C

Stifel analyst Iain Scouller issues a timely 'neutral' note on F&C as shares in the global investment re-rate to a small premium.

Foreign & Colonial name goes as F&C trusts and saving schemes adopt BMO brand

Foreign & Colonial, the name associated with investment trusts since 1868, is consigned to history as £3.7 billion global fund adopts F&C name and five F&C trusts and savings schemes rebrand as BMO.

Patient Capital falls after FTSE 250 promotion overturned

Woodford Patient Capital Trust shares fall 2% after FTSE Russell announces it will remove listed fund from FTSE 250 after it ‘inadvertently added’ it to index last month.

Multifamily Housing Reit scraps flotation, returns money

Failure of Chris Mills’ Harwood Capital to convince institutional investors to back high-yielding real estate investment trust underlines challenging conditions facing investment company launches.

PRS Reit says Letwin proposals could help solve housing crisis

PRS real estate investment trust praises last week’s Letwin report on planning system reforms saying they could help it supply thousands of new rental properties outside London.