News

More than six in ten millionaire investors have considered leaving the UK because of concerns over taxation, according to new research from Wealth Club. The study of 341 Wealth Club clients, all with overall wealth of £1 million or more, found that 61% have at least considered becoming non-UK

M&G Investments has promoted Jen Braswell to global head of impact. Braswell joins from Swedish private equity EQT, where she worked as managing director of global equity for more than three years before leaving in 2025. Since January 2026, she worked as a senior impact advisor to responsAbility

AAB has launched a new governance, risk and compliance practice with the appointment of governance specialist Jason Davies as partner. The new practice has been established in response to increasing governance, regulatory and compliance demands facing businesses following recent reforms increasing e

Partners Group Private Equity has extended the amount of shares it is allocating to a realisation share class from 30% to 40%, warning that the investment vehicle will wind down completely if demand exceeds that figure. The firm made the change following conversations with "significant institutional

Fidelity European Trust has reported a total return on its net asset value of 6.4% against 10.3% for its benchmark, the FTSE World Europe ex UK Index, during the six months to 30 June 2026. The share price fell further behind net asset value (NAV) as the discount to NAV widened over the period. Cont

The portfolio manager of Fidelity European Trust (FEV) Sam Morse has announced plans to retire next October after four decades in the investment industry. Mr Morse joined Fidelity in 1990 as a research analyst before becoming a portfolio manager in 1994 with responsibility for running several retail

LAVA Advisory Partners has expanded into the US, opening an office in New York's Chrysler Building and appointing two new staff to lead the move US-based M&A professionals Carlo Porreca and Helen Dixon have joined the London- based mid-market M&A advisory firm as partners. Porreca brings nea

SBP Accountants & Business Advisers (SBP) is expanding its presence across the North East after acquiring Inverurie firm BW Accounting. The move will see SBP add about 300 businesses and individuals to its client base. It now operates across five locations in the region.

Chancellor John Healey has claimed growth is at the "heart of fiscal challenges" facing the UK, as he refused to rule out tax rises ahead of his maiden Budget next month. The Chancellor ignored questions about whether households and businesses were set to face another set of tax rises in October, fo

Vikki Macleod has joined Hampden Bank as an advisor to the board. With a wealth of experience in the insurance and fintech sectors, MacLeod will support the private bank as it builds on its "strong foundations" following its annual reports, where profits jumped 91% in the first half of 2026.

Quilter WealthSelect Managed Portfolio Service (MPS) has reduced its passive US exposure in favour of small and mid cap stocks and value, warning of risks from high tech valuations and AI concentration. The £30bn MPS added to the Quilter Investors Europe (ex UK) Equity Income Fund and increase

The UK Government is on course to raid a record £14.3bn in inheritance tax from UK families by 2029/30, according to the Office for Budget Responsibility. The nil-rate band has been frozen at £325,000 since 2009 and will stay frozen until 2030, while property, pensions and savings have c

Toscafund Asset Management-led consortium to acquire Spire Health for 250p in cash per Spire share, valuing the hospital operator at £1.03billion, with an implied enterprise value of £2.3bn The offer represents a 66.2% premium to Spire’s undisturbed share price of 150.4p on 13 May

Standard Life expects £800 million in ‘net synergies’ from its £2 billion acquisition of Aegon UK which will be complete by the end of the year. This is likely to be achieved by savings and adding value and noted it was poised for a “step-change” in strengthening

Swedish private equity firm EQT is to acquire a majority stake in McGill and Partners for $2bn from Warburg Pincus. Founder and chief executive Steve McGill will continue to lead the firm, while chairman John Lloyd will remain actively involved. Both will remain as significant shareholders alongside