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Latest News - Gavin Lumsden

FTSE extends fall as Trump hits China with tariffs

The UK stock market sank further into the red this afternoon as investor concern deepened over prospect of US-China trade war.

FTSE rallies as ECB settles nerves after hawkish Fed

UK stock market performs about-turn as investors recover from last night’s hawkish statement from US Federal Reserve to focus on European Central Bank's efforts to stabilise eurozone.

FCA circles as Invesco loses supporter in attack on Enhanced Income board

(Update) Invesco Perpetual Enchanced Income says it has been contacted by the City regulator over its controversial dispute with fund manager Invesco Perpetual.

Woodford Patient Capital jumps on £30m Autolus boost

Shares in Neil Woodford's beleaguered investment trust rise over 3% after Autolus Therapeutics, its eighth biggest investment, announces pricing of its forthcoming US flotation.

Brewin backs loan trust board against ‘cynical’ Invesco

Battle between Invesco Perpetual Enhanced Income and Invesco Perpetual over fees escalates further as investment trust’s chairman attacks former fund manager with backing of wealth manager Brewin Dolphin.

ZPG soars as overseas bidder spies FTSE value

Shares in Daily Mail-backed property website operator surge 30% on bid from US private equity firm. FTSE 100 rises, notching seventh week of gains.

BT downsizes but can’t find quick route to growth

FTSE 100 edges higher with BT tumbling 8% after restructuring and 13,000 job cuts disappoints investors who are told telecoms group will not return to profits growth for three years.

Oil surge lifts FTSE after Trump scraps Iran deal

(Update) FTSE 100 advances 1% after US president Trump reimposes sanctions on Iran. Imperial Brands and Provident Financial both rebound on trading statements.

FTSE firm as merger mania dominates UK shares

Takeovers enliven UK stock market with Virgin Money jumping 8% on bid from rival challenger bank CYBG. Scottish Mortgage Trust extends recent rally.

FTSE rally continues as construction data lift pound

Positive manufacturing figures from China push miners higher, lifting FTSE 100 towards its fifth consecutive daily rise.