News

Saba Capital has stepped up its attack to take over Baillie Gifford US Growth Trust after calling for a full cash exit for shareholders at or near net asset value. The activist investor demanded board changes this morning at the Edinburgh-based trust, which has received a requisition notice from its

Aubrey Capital Management has redeployed some of its capital back into India after generating strong returns from a select number of emerging market technology and AI-related holdings. Rob Brewis, director and investment manager at the firm, provided a short update on the fund for shareholders revea

Aegon Asset Management has launched a new strategy aimed at providing a steady source of income with the potential for capital growth for investors. The Aegon Financial Credit Opportunities Fund will invest in capital securities from global banks and financial institutions. It will be managed by inv

US asset management giant AllianceBernstein reveals ambition to grow its foothold in the UK retail business over the next five years. The firm with more than £666bn of assets under management worldwide is doubling down on its ambition to increase its UK retail business assets. Its UK retail bu

The Financial Conduct Authority (FCA) has been urged to overhaul self-invested personal pension (SIPP) data practices and coordinate with HMRC and the DWP to address systemic blind spots. The watchdog's proposals follow 22 SIPP operator failures between 2011 and 2023, that left investors with £

Saba Capital has returned to target another Scottish trustNew York hedge fund Saba Capital has demanded board changes at Baillie Gifford US Growth Trust. The Edinburgh-based trust received a requisition notice from Saba Capital Management which wants shareholders to back the appointment of three dir

The chairman of taxpayer-owned Scottish National Investment Bank has admitted that rocketing losses on the back of more failed investments are “painful” and “not where we want to be”. New figures show the bank’s loss for the year to the end of March surged by135% to &po

New estimates have revealed that the UK economy has failed to turn around its struggling labour market after nearly two years of job losses, despite a rebound in August. The Purchasing Managers' Index (PMI) by S&P Global suggested the UK's private sector grew at the fastest pace in four months i

Quilter Cheviot has hired former Brewin Dolphin investment manager John Moore as an investment manager in its Edinburgh office. Mr Moore will aim to strengthen the firm’s investment capability in Scotland and its support for advisers and high net worth clients across the region. He will report

Mid-market accountancy practice EQ, part of Sumer Group, has merged with Innes & Partners to expand into the North of Scotland. EQ will grow its team by 7%, from 290 to 310 staff, as part of the merger as it aims to strengthen its position in Scotland.

Investors and analysts have warned Chancellor John Healey not to give up on the government's efforts to reduce the UK's fiscal deficit in his first Budget, following a spike in government bond yields in recent weeks. Mr Healey is preparing to unveil his first Budget on October 28 at a time when inve

Life insurer and asset manager Aegon has increased its planned second-half share buyback program after recording an operating result of €804m in the first half of 2026. Aegon announced on the same day as its results that chief financial officer Duncan Russell would step down and leave the compa

HM Revenue and Customs has collected £322.7 billion in total from National Insurance contributions and tax between April and July 2026, compared with the same period last year. The total represents a £21bn increase on the same four-month period last year, when HMRC collected £301.7

Standard Life has launched a strategic pension risk transfer (PRT) partnership to target the large UK defined benefit schemes, backed by up to £2bn in capital commitments over the next five years. The transaction is structured with a consortium led by private equity firm CVC Capital Partners a