Baillie Gifford US Growth Trust narrowly defeats Saba’s third oust attempt Investing Baillie Gifford US Growth Trust has survived the third attempt by activist hedge fund Saba Capital to oust its board. Shareholders quashed the efforts of the Boaz Weinstein-run fund to take control of the £1.1bn investment trust by a narrow margin, with 52.8 per cent voting against Saba’s resolution to appoint three of its nominees [...]
Legora fetches $8.8bn valuation in latest funding round Legal Legal tech firm Legora has raised $550m (£410m) in Series E funding at an $8.8bn valuation as it expands its footprint in the US, Europe, and the Asia-Pacific region. The Stockholm-based startup, which creates AI tools for law and professional services firms and corporate in-house legal teams to draft and review documents, said on Wednesday [...]
MPs voice fury after Labour rejects over a dozen proposals to boost UK investment Investing MPs have voiced their frustration after the government flat out rejected more than a dozen proposals to boost lacklustre investment levels in the UK. Members of the House of Commons Business, Innovation, Science and Trade Committee issued a list of recommendations to make the UK a more attractive destination for investment, including rejuvenating the London [...]
Higher taxes will ‘kick UK fintech when it is down’, Healey warned October 19, 2026 Venture capital investors have warned that higher taxes on financial services would have trickle-down effects and “clip the wings” of Britain’s already capital-starved fintech sector. Start-up investors that fund the UK’s financial technology industry told City AM the sector’s struggles to access cash would be amplified by a tax hike on top banks and increases [...]
FCA sounds the alarm on rise of unregulated AI financial advice October 19, 2026 The City watchdog is calling on AI providers to go further in protecting consumers as more people turn to the technology to make financial decisions. The Financial Conduct Authority (FCA) is urging AI firms to do more to help consumers who are increasingly relying on generic platforms and chatbots, such as Gemini and Chat GPT, [...]
Healey’s ‘mixed messages’ on bank tax leave City blindsided October 16, 2026 The City was left reeling on Friday following reports that John Healey was drawing up plans to tax banks in the forthcoming Budget. Industry heavyweights across the UK have fired warning shots as Healey weighs up different options to target the banking industry with a hefty cash raid. One City figure told City AM a [...]
FTSE 100 chief executive turnover sinks to five year low October 13, 2026 The turnover of FTSE 100 chief executives has tumbled to a five year low as companies choose to hold onto top leadership amid ongoing economic volatility. Executive churn this year is on track to fall to the second lowest level seen since 2012, according to data from AJ Bell, as boards opt for stability. Nine [...]
Plus500 turns to US for ‘super-app’ ambitions October 13, 2026 Plus500 has laid out plans for a “super-app” in the US after completing a takeover that will deepen its presence across the Atlantic. The FTSE 250 fintech said on Tuesday it had begun development of a super-app that will offer “sophisticated trading capabilities” and new features for US users. It came as the firm revealed [...]
Standard Life shares tumble as Aberdeen slashes stake October 8, 2026 Shares in Standard Life fell sharply on Thursday as Aberdeen revealed it would sell half of its remaining stake in the company, less than ten years after the messy merger between the two investment firms. Aberdeen will cut its stake to around 5.2 per cent per cent through a secondary placing, which will value Standard [...]
Hargreaves Lansdown warns Healey: Don’t ‘penalise investors’ with capital gains hike October 7, 2026 A leading investment platform is urging chancellor John Healey to not “penalise investors” at the upcoming Budget, as Brits brace for potential tax hikes. Anna Macdonald, investment strategy director at Hargreaves Lansdown, said fresh upheaval to the tax system could discourage investment in the UK at a time when economic growth is needed. In particular, [...]