Blackrock trusts agree peace deal with Saba Capital January 22, 2025 A host of Blackrock-run investment trusts have made a peace deal with US hedge fund Saba Capital, amid its activist campaign to take over the boards of several UK trusts. In a series of stock exchange announcements, the Blackrock trusts said that they had made an agreement with Saba to be left alone by the [...]
Davos: Reeves to meet Trump allies in search for UK growth January 20, 2025 Rachel Reeves is expected to meet Donald Trump’s allies at Davos in a bid to talk up the UK’s growth prospects. The Chancellor is set to attend the World Economic Forum in Switzerland in the days following the US President’s inauguration and in the wake of turmoil in the UK bond markets. It follows a [...]
Morgan Stanley the latest US bank to flee climate coalition ahead of Trump return January 3, 2025 A slew of US banks have exited a climate coalition in the days leading up to Donald Trump’s presidential inauguration. Yesterday evening, Morgan Stanley became the latest US bank to depart from the Net Zero Banking Alliance, as pressure increasingly mounted on financial institutions from Republican lawmakers. Despite leaving the alliance, Morgan Stanley said in [...]
US markets tumble as Fed signals fewer interest rate cuts in 2025 December 19, 2024 US markets plunged last night after the Federal Reserve signalled that it would take a more cautious path to interest rate cuts next year. Following the Fed’s announcement, the Dow Jones fell 2.6 per cent, the S&P 500 fell three per cent, and the Nasdaq fell 3.6 per cent. This was the biggest decline in [...]
CMA takes steps towards probe into BlackRock’s acquisition of Preqin December 3, 2024 The British competition regulator takes first steps towards a probe into BlackRock's anticipated £2.55bn acquisition of financial data group Preqin
Supreme Court refuses Blackrock’s appeal on tax relief of 2009 Barclays deal November 4, 2024 The highest court in the country refused to hear Blackrock's appeal after it lost its case against the tax agency over its 2009 acquisition of Barclays Global Investors
Starmer vows to rip up the red tape at investment summit October 14, 2024 Prime Minister Keir Starmer will today promise to rip up the red tape that is needlessly holding back investment in a bid to galvanise economic growth. Starmer is set to make the pledge in a speech at the government’s inaugural International Investment Summit, which kicks off today at the Guildhall in the heart of the [...]
Scottish Mortgage no longer most bought trust as Fundsmith Equity claws back 10th October 2, 2024 Scottish Mortgage is no longer the most bought investment trust in the UK, according to the Interactive Investor Most Bought List, as the popular retail pick falls into second. The growth trust was eclipsed in September by Blackrock World Mining, a commodities-focused trust which is up 15 per cent in the last three weeks and [...]
UK approves Chinese-backed megabattery project after national security review September 1, 2024 The British government has approved a major battery storage facility in the UK, which is backed by a joint venture involving US investment giant Blackrock and KX Power, a UK-registered asset manager with ties to Chinese investors. The UK launched a national security review of the proposed 80-megawatt project, led by former Chinese diplomat Zhe Zhang, [...]
Vanguard: Asset manager soars to second most popular UK retail investor pick August 20, 2024 Vanguard has jumped to become the second most popular asset manager among UK retail investors for the first time. While American passive manager Blackrock has long dominated the number one spot for net sales among UK retail investors, this is rival Vanguard’s first time in the quarterly Pridham Report. Vanguard brought in £1.6bn in net [...]