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The Bank of England has kept interest rates on hold, warning that a continuation of the current conflict in the Middle East could force it to raise borrowing costs amid growing fears over inflation. The Bank's Monetary Policy Committee (MPC) also announced a surprise plan to sell billions of pounds

The chair of Baillie Gifford US Growth Trust has called on retail investors to turn out in force to vote at next month's annual general meeting, warning that a low turnout could see Saba Capital Management take control of the trust. Tom Burnet told Scottish Financial News that retail investors are t

Natwest chair Rick Haythornthwaite has claimed the UK is in a "moment of national crisis" that can only be fixed by encouraging investment into the country's struggling economy. The City grandee said that years of poor decision-making and political instability have hampered public and private sector

Baillie Gifford US Growth Trust's board has warned shareholders that voting in Saba's nominees would spell the end for its current US growth strategy, as the two sides head towards a showdown at October's AGM. Chair Tom Burnet accused Saba of seeking to take control of the popular US Growth Trust, p

Financial planners have the knowledge to help clients understand their goals and protect their interests. “Rightly or wrongly,” most clients are high-net-worth individuals who are retired and have more time to think about what they want to save or how to use their assets.

Novus Strategy has launched a new groundbreaking simulator that helps lenders redesign their mortgage journey. The transformation consultancy for the mortgage and home buying industry, built its tool, named Pathfinder to help lenders solve problems like prioritisation and sequencing before committin

Aberdeen Investments and Standard Life have teamed up  in their first infrastructure debt investment in the EV charging sector with a facility of up to €150 million. Aberdeen will provide €80 million, anchored by Standard Life, as part of an overall facility of up to €150 million

Bespoke pension firm Yorsipp has appointed Mark Randell as strategic partnerships and distribution director to its business development team. The specialist self-invested personal pension (SIPP) self-administered pension scheme (SSAS) provider comes as it aims to expand its presence across the UK. H

Former Bank of England chief economist Andy Haldane has warned Prime Minister Andy Burnham that his government's "Achilles' heel" is its inability to cut public spending. Mr Haldane, who advised Mr Burnham before he returned to Westminster, claimed the markets believed he is presiding over a "tradit

Saba Capital's board nominees at Baillie Gifford US Growth Trust would fail independence rules, including proposals not yet adopted by the Financial Conduct Authority (FCA), should the activist investor go on to be appointed the trust's manager, according to Winterflood's Emma Bird. Bird, head of in

The Bank of England is under intense pressure to raise interest rates tomorrow, following a rout in global bonds fuelled by concerns over government borrowing and sticky inflation. Inflation jumped to 3.1% in August from 2.9% in July and 2.6% in June, as fuel prices hit their highest in four years,

Aberdeen New India Investment Trust has outperformed the MSCI India Index benchmark by 4.7 percentage points with its adjusted NAV per share total return for the assessment period start to August 31, 2026 at 23.9%. Performance over the Assessment Period is measured against the MSCI India Index, whic

The City of London Investment Trust has increased its dividend for the 60th consecutive year to 4% delivering the longest record of consecutive annual dividend increases in the investment trust sector.   The annual dividend was 2.6% ahead of UK consumer price index (CPI) inflation. Over ten yea

Caledonia Investments has appointed Alastair Vere Nicoll as a non-executive director with effect from 15 September 2026. Mr Vere Nicoll started his career as a private equity lawyer at international law firm Freshfields. He later founded Berkeley Energy, a business focused on developing, constr

Fund managers at Schroder Asian Total Return (ATR) have raised the alarm over a potential bubble in Taiwanese and Korean technology stocks including the US artificial intelligence companies they supply, amid renewed signs that capital spending on AI maybe waning. The investment trust reaped the rewa