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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

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 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

Unity has provided almost £143m to Community Development Finance Institutions  Unity Trust Bank has launched a new six-figure grants programme to support the responsible finance sector.

HgCapital Trust has reported a decrease of 4.9% in its net asset value (NAV) to 530.7 pence per share, despite a strong first half for 2026 across its portfolio. The firm reported net assets of £2.4bn, with its share price seeing a sharp decline of 24.9% on a total return basis, and market cap

JPMorgan Chase chief executive Jamie Dimon has reportedly warned Prime Minister Andy Burnham and Chancellor John Healey, against raising taxes on banks in his inaugural budget in October following an in person meeting. The Wall Street boss is understood to have explained to Mr Burnham and Mr Healey

Andrew Bailey has warned that inflation risks remain "on the upside" as he defended the Bank of England's reliance on the Treasury to cover losses generated by quantitative tightening. The Governor of the Bank of England told MPs on the Treasury Select Committee in an evidence session that the curre

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

Royal Bank of Scotland has provided £82.6m of funding to support Rosethorn Capital Partners and Eagle Street Partners with the acquisition and repositioning of three purpose-built student accommodation (PBSA) assets in Birmingham, Edinburgh and London. The financing will support the acquisitio

Lloyds of London saw its profits before tax decrease to £3.5bn in the first half of 2026, down 16.8% from £4.2bn for the same period, warning that "geopolitical instability" is threatening syndicates. Lloyd's explained that its investment returns of £1.8bn, down from £3.2bn,

Chancellor John Healey is facing "sleepless nights" over a growing "inflation monster" due to surging oil prices, rising interest rate expectations and spikes in government gilt yields threatening markets on both sides of the Atlantic ahead of his inaugural Budget. High borrowing costs are expected

Pensioners will be forced to hand over their bank statements to the Department for Work and Pensions as part of the government's crackdown on the growing benefits system. The DWP is aiming to cut £370m from the benefits bill and will inform thousands of pensioners they will need to provide ban

Alternative Income Reit (AIRE) has urged its shareholders to vote against Glenstone REIT's offer to take over the company, accusing it of creating "unwarranted uncertainty" about the future of the fund. The board of AIRE launched the scathing attack against its largest shareholder, claiming it has f

Chesnara's chief executive says the company is on the hunt for further acquisitions, after its takeover of HSBC Life UK helped drive the firm back into profit. The pension consolidator recorded a pre-tax profit of £61 million in the first half of 2026, bouncing back from a £4.6m loss for