The robustness of the logistics component of the real estate market was demonstrated by updates from warehouse landlords Tritax Big Box REIT (BBOX) and Segro (SGRO) this morning. Segro was down 0.4% to 911.2p and Tritax slipped 0.2% to 145p after both enjoyed decent runs in recent months. Property investor Segro said it had offered breathing space to tenants for rent worth £9 million that ...

Shares in online fast fashion retailer Boohoo (BOO:AIM) remained in freefall on Wednesday, cheapening 19.2% to 211.12p with investors evidently not buying a comprehensive statement from the company in response to modern slavery allegations. Judging by today’s price action, the market can’t shake off concerns that sales for Boohoo’s brands will be impacted by the current media ...

Specialist fund manager Liontrust Asset Management (LIO) attracted record inflows of £2.7 billion, a rise of 52% for the year-ended 31 March 2020, leading to a 26% increase in revenues and a 22% hike in the dividend. The shares, which are up 34% over the last three months, drifted 0.5% lower to £14. Positive inflows continued into the first quarter of the new financial year with a record ...

Shares in bus and rail firm FirstGroup (FGP) crashed 15% to 41.6p after it swung from an operating profit to heavy losses in the year to the end of March due to the impact of the pandemic. While revenues climbed 9% to £7.75 billion thanks to increased volumes at its UK and US bus operations, operating income turned from a £9.8 million profit a year ago to a loss of £152.7 million and pre-tax ...

London’s FTSE 100 traded slightly lower on Wednesday, down 0.03% at 6,187.94 early on, as climbing COVID-19 cases in countries including the US and Australia cooled optimism that the global economy is turning a corner. Bus and rail company FirstGroup (FGP) fell 10.6% to 44p after reporting wider annual losses owing, in part, to write-downs at its Greyhound coach division and restructuring ...

THIS IS AN ADVERTISING PROMOTION The impact of Covid-19 is likely to endure, even after lockdown measures are lifted. Pruksa Iamthongthong, manager of the Asia Dragon Trust is based in Singapore and here she discusses the post-Covid investment landscape in Asia. The post-Covid world is likely to look different in a number of important ways Digitisation, changing attitudes to China and the ...

Competition has intensified in the rapidly changing food delivery industry after US giant Uber threw down the gauntlet to rivals with the $2.65 billion, all-share deal for Postmates. UK investors will know Uber, which runs ride sharing in the US, UK and elsewhere, and whose Uber Eats food delivery bike riders are frequently seen on city streets. Postmates will be less familiar. It is a US-only ...

Shares in Anglo-Dutch waste treatment firm Renewi (RWI) gained 5.8% to 27.5p after trading in the first quarter to 30 June exceeded management’s initial Covid-19 expectations. Rather than a €20 million hit to earnings, the impact was a more manageable €12 million which meant the company suffered no net cash outflow during the period. SLOW GAINS Commercial waste volumes in the ...

Shares in contracts for difference and online trading firm Plus500 (PLUS) jumped 5% to £14 after another strong trading update and the appointment of David Zruia as permanent chief executive. Driven by a number of positive trading updates since lockdown, the shares have put on 55% year-to-date. David Zruia has been with the firm for 10 years and has served as interim chief since 20 ...

Renewed concern about the rate of coronavirus infections globally may have contributed to the 4.3% fall in Premier Inn owner Whitbread (WTB) this morning as it updated on first quarter trading. The shares slipped back to £23.33. Almost inevitably the numbers for the period from the end of February to the end of May were horrible given they coincided almost exactly with the emergence of the ...