Shares soar almost 50% on unsolicited approachBoard hoists ?for sale? sign amid strategic reviewDiscussions to raise new equity and debtAn unsolicited takeover approach for kidney diagnostics specialist Renalytix (RENX:AIM) sent its shares soaring 46% higher to 58.5p on Monday, taking year-to-date gains to the best part of 160%.On 9 February, the shares jumped 35% after the US CMS (Centers for...

It is one thing for analysts to forecast which stocks and sectors will do well in a rising-rate or inflationary environment, but when it actually comes to pass it's always fascinating to see what works in practice.Judging by the list of stocks making 12-month highs over the past week, those who favoured real assets were on the money.Standing tall are 3i Infrastructure (3IN), AEW UK REIT...

In the same way investors can make a mint by backing a mythical '10-bagger' early doors, fund fanatics can make big gains by catching an investment trust on the way up, before it begins its rise through the market capitalisation ranks and potentially even joins the likes of Scottish Mortgage (SMT), 3i (III) or Pershing Square Holdings (PSH) in the FTSE 100.We can never know with certitude...

UK stocks rallied during the afternoon session finishing the day slightly positive, up 0.1% to 6,043 points, helped by a positive opening for stocks in the US.Markets were anticipating more stimulus measures when central bankers meet virtually at Jackson Hole tomorrow. Meanwhile a report from the Commerce Department on Wednesday showed an uneven recovery in investment as spending moved away...

UK stocks were subdued at lunchtime Wednesday as investors weighed stimulus measures and vaccine progress against climbing Covid-19 cases in Europe.The focus now turns to the U.S. Federal Reserve Chair Jerome Powell's address at the virtual Jackson Hole Symposium on Thursday, where he is expected to provide an update on the U.S. central bank's future monetary policy approach.At 12:00, the...

UK shares started Wednesday on the back foot with investors still wary of climbing Covid-19 cases in Europe and elsewhere, while bracing for a key update on the state of the US economy from the Fed on Thursday.9.30am, the benchmark FTSE 100 was down 0.15% at 6,027.96, although mid-caps were firmer. The FTSE 250 added 0.35% to 17,638.75.LOW BAR BEAT SURPRISESubprime lender Provident Financial...