Harrison Street, one of the largest alternative real asset investment firms, and Trinity Investment Management have agreed to buy five UK life sciences properties in a £250m deal, in the latest example of US investors betting on the British biotech industry.
Eurozone companies’ demand for bank loans has fallen for the first time in six years, in a worrying sign for the region’s faltering economy and the European Central Bank’s attempt to stimulate more lending.
Moody’s has cut Hong Kong’s credit rating, saying the government’s “slow” and ineffective response to months of protests has prompted it to reassess the Chinese territory’s institutional strengths and governance.
Trafigura, the global commodities trader, has taken a 6 per cent stake in President Energy, a London-listed oil and gas producer with assets in Argentina, as part of a deal to help the small company pay down debt.
Britain’s retail sector defied expectations and continued to contract last month, marking the longest spell of no growth since comparable records began in 1957 and adding to pressure on the Bank of England to cut interest rates.
Wall Street struck a trio of fresh records and the S&P 500 closed above 3,300 for the first time, boosted by tech and financial stocks and as investors remained upbeat in the wake of the US-China trade truce.