Saba’s final push sparks investment trust reckoning Investing Edinburgh Worldwide Investment Trust has caved to years of pressure from US activist investor, Saba. Its chair tells Ali Lyon why it is asking shareholders to vote to break up the fund, and what it says about the wider investment trust industry. To Jonathan Simpson-Dent, being labelled a fraud, a liar and a romantic luddite [...]
Britain must launch no-brainer 2038 Winter Olympics bid Sport Business What strikes you when attending the Milano Cortina Winter Olympics is not just the spectacle, but the structure. Multiple cities. Regional clusters. Existing venues reused. An iconic cultural backdrop. These were Games shaped as much by pragmatism and fiscal discipline as prestige. The spread-out model may have muted the traditional host-city buzz, but Milano Cortina [...]
Whisky Business: How to build a whisky hotel in Edinburgh Whisky Whisky Business: City AM’s monthly look at the world of whisky. In the hyper-competitive landscape of Edinburgh’s five-star hospitality sector, buying 100 bottles of Scotch whisky and calling a hotel a ‘whisky hotel’ no longer cuts it. Investors and guests alike are increasingly seeking a “sense of place” where customers can enjoy a whisky experience. [...]
London ranked world’s slowest capital city January 21, 2026 The average driver in London spent more than five days in rush hour traffic last year, with the capital ranking the worst in the world for travel time. Tomtom found that the average motorist spent 136 hours in traffic last year, as London led its ranking of the worst global capital city for slow traffic [...]
Investment trust rejects hedge fund assault ending Saba saga January 20, 2026 Shareholders of a major investment trust have roundly rejected a move by hedge fund tycoon Boaz Weinstein’s Saba to force through a radical shake-up of its leadership and investment philosophy. At a crunch Requisitioned General Meeting, Edinburgh Worldwide Investment Trust (Ewit) investors representing some 93 per cent of shares – excluding those held by Saba [...]
Scotland can help power the UK’s fintech sector October 6, 2025 With a highly educated workforce and growing specialisms in fintech and green finance, Scotland can help power growth, writes Alastair King.
‘Wonderfully weird’: 7 of the best Edinburgh Fringe shows to book now August 14, 2025 City AM’s theatre writers have been catching the very best of the shows at the Edinburgh Fringe festival. We’re only reviewing productions with London transfers in the autumn, so if you can’t make it to Edinburgh this August, everything you read here is coming to the capital at a later date. From Fleabag to Flight [...]
Rachel Reeves admits Labour has disappointed Brits August 2, 2025 Chancellor Rachel Reeves has admitted that the Labour government has disappointed some Brits after it raised £40bn in taxes at last year’s Autumn Budget. The Labour government have come under fire for its high-tax and high-spend policies in power despite claiming it would be more business-friendly during electoral campaigns last year. Now Rachel Reeves has [...]
Great Britain to host Tour de France Grand Depart in 2027 March 19, 2025 The Tour de France will return to Britain for the first time since 2014 after England, Scotland and Wales won the bid to host the 2027 Grand Depart. The Tour will begin in Edinburgh, with culture secretary Lisa Nandy saying the move “will stimulate growth, attract new visitors and leave a lasting legacy for athletes [...]
Rosebank: Britain’s future ‘not in more oil and gas’, energy minister warns February 4, 2025 The UK’s future “does not lie in more oil and gas”, an energy minister has told MPs, just days after a court ruled against consent for two new fields in the North Sea. A judge last week upheld a legal challenge by environmental campaigners against the decision to grant consent to two new oil and [...]