News

Molten Ventures has topped the list of best-performing investment trusts since the start of the Iran War, delivering a share price total return of 53.0%, according to Association of Investment Companies (AIC). Biotech Growth trust was the second-best performer, delivered a 38.5% return, followed by

Murray Income Trust has reported a 9.1% increase to its net asset value (NAV) ahead of a 4.7% return from the benchmark since Artemis Investment Management took control of the £924m trust from Aberdeen. The trust reported a net asset value (NAV) return of 15.1% compared to a benchmark return o

AJ Bell has called on Chancellor John Healey to commit to pension tax stability to avoid another round of damaging speculation about tax-free cash ahead of the October Budget. The firm shared its Budget submission to the Treasury today, highlighting that a pre-Budget commitment to pension tax s

Glenstone REIT’s takeover offer for Alternative Income REIT (AIRE) has been declared unconditional. The company said that 50.42% of AIRE's issued ordinary share capital have accepted its 70p per share offer on September 8. 

Caledonian Holdings has completed the launch of its multi-currency business current account, including a Mastercard world business debit card through its subsidiary Aspire Commerce Group. The AIM quoted investment company said the launch represents a commercial milestone for the company following it

Aberdein Considine Wealth, trading as AC Wealth, has been acquired by Shackleton Advisers, which will significantly expand its presence in Scotland. The acquisition adds about £800 million in assets under management or advice to Shackleton, taking the total in Scotland to £1.3 billion.&n

Aberdeen Group has appointed Torbjörn Magnusson to its board as a non-executive director and chair-designate. The appointment, which is effective immediately, will see Mr Magnusson take over from interim chair Jonathan Asquith, who stepped in after Sir Douglas left the role following the AGM in

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

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