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UK domestic stocks hit by record UK economic contraction in 2020

12 February 2021 | 16:43pm StockMarketWire.com - UK stocks closed significantly higher on Friday after it emerged coronavirus cases across the country are falling at the fastest pace in months. The UK's R value has dropped below 1 for the first time since July, and the Government has confirmed it will issue its roadmap out of lockdown on 22 February. The UK's benchmark FTSE 100 index gained 0.94% to 6,589.79, while the midcap FTSE 250 index swung into positive territory having spent most of the day in the red and closed 0.09% higher to 21,037.47. In a day of little significant corporate news,...

Apax Global Alpha, a UK investment trust, has amended the terms on its €140m revolving credit facility. The deal reflects what is expected to be a big theme in the loan market this year of borrowers tinkering with existing facilities rather than doing full refinancings.

Baillie Gifford, the global investment management partnership, has appointed Kirsty Gibson as co-manager of its £808m Baillie Gifford US Growth Trust,