News

Saba Capital Management has taken a fresh position in Neuberger Private Equity (NBPE) and doubled its stake in RTW Biotech London Stock Exchange filings showed the activist investor's position in NBPE hit 5.06% last Tuesday, which currently holds £562m in assets. Saba grew its position through

Non-audit tax advisory firm WTS UK has appointed Brad Ashton as a partner, joining the firm from RSM. Ashton will be responsible for building its customs and global trade practice.  During his time at RSM, he founded and grew the firm's customs capability over 10 years, helped clients navigate

Trading Central has expanded its range of Undertakings for Collective Investment in Transferable Securities (UCITS) Exchange Traded Funds (ETFs)with two new funds launched through white-label platform HANetf. The Trading Central Quant U.S. 50 Equity Index UCITS ETF (TCQU) and Trading Central Quant G

Scottish crypto firm Zumo has joined forces with cloud-native core banking platform SaaScada to provide UK financial institutions a "ready-built" route into regulated crypto services. Zumo, will handle the crypto side, from custody and trading to Know Your Customer and Anti-Money Laundering checks o

The board of Schroders Scottish Oriental Smaller Companies Trust has launched a "strategic review" into the company's future after it failed its five-year performance test from 2021. The investment trust launched a tender offer last month to allow shareholders to sell up to a quarter of the £1

Standard Life has announced Siobhan Boylan, Aberdeen Group's, nominated non-executive director, will cease being on its board following Aberdeen's stake sale. Boylan who is Aberdeen Group's chief financial officer served on the board until the asset manager reduced its stake in Standard Life on Octo

As Baillie Gifford US Growth Trust warns that low turnout could hand Saba the board, ShareSoc says the real problem isn’t apathy but invisibility. ShareSoc, which represents more than 9,500 private investors, said the problem is more complex, explaining that shareholders don’t know they

The UK Government has launched a consultation on rewarding whistleblowers who report economic crime such as fraud and bribery. The Government’s move would bring Britain closer to the US model, where financial incentives are used to encourage whistleblowers who provide evidence that helps uncov

Independent voting experts Glass Lewis, ISS and PIRC have backed the board of Baillie Gifford US Growth Trust urging shareholders to vote against Saba Capital Management's requisition request to install three of its nominees onto the board.

Around 160 FTSE 350 companies have been identified as non-compliant with UK modern slavery reporting requirements over the past six years, according to analysis from Rathbones. The wealth manager published the findings in its report titled: Votes Against Slavery 2020-2025: Six Years, Six Lessons, re

Around 30% of Scots say annuities feel “too difficult to understand”, according to a survey by Legal & General (L&G). The insurer polled 2,000 UK adults aged 50 and over and used the findings to launch “Annuity Myth Busters”, a guide to common misconceptions about whe

The fund manager of an Aberdeen exchange-traded fund has warned the supply of critical minerals such copper, lithium and rare earth minerals will struggle to keep pace with global demand through to 2050. David Clancy, portfolio manager of abrdn’s Future Raw Materials ETF, argued that many mine

A senior Aberdeen Investments director has warned the UK is in “danger” of developing “takeover fatigue” following the “unprecedented scale” of takeover activity in the UK market. Ian Hewett voiced concerns over the lack of discussion around the £1bn takeove

Big Four accountancy firm Deloitte was found to have helped falsify documents to hide Russian oligarch Roman Abramovich’s wealth and evade tax. The firm signed off accounts in Cyprus, meaning assets such as mansions, private jets and superyachts worth £508m disappeared from the former Ch

The Financial Conduct Authority (FCA) has urged firms to prepare for the UK’s new regulatory regime, warning that crypto-investors will not have access to the Financial Services Compensation Scheme (FSCS) for their digital asset investments. Val Smith, the FCA’s head of authorisations, p