Herald trust saved after Saba and Aberdeen ink deal May 7, 2026 Aberdeen and US activist hedge fund Saba have reached agreement for the Scottish investment juggernaut to manage Herald Investment Trust, ending a years-long arm wrestle over the trust’s future. In an eleventh-hour deal that will save Herald from being wound down, Aberdeen will recruit eight of the fund’s staff – including fund manager Katie Potts [...]
Poundstretcher seeks rent cuts in survival bid May 7, 2026 Discount retailer Poundstretcher is set to be restructured by its owner, Fortress Investment Group, to reduce property-related overheads and avoid closure. The plan will see the retail chain, which operates 298 stores in the UK, stabilise a “substantial fall in turnover” and rising leasehold costs, the Insolvency and Companies Court heard today. In the High [...]
Grosvenor estate: Ministers don’t get ‘basic economics’ May 7, 2026 The Duke of Westminster’s multi-billion pound estate has chided ministers for failing to grasp “basic economics” in their bid to tackle the housing crisis. Mark Preston, who represents the business interests of Hugh Grosvenor, the seventh Duke of Westminster and owner of a Mayfair property empire, said the government risks choking housing supply if it [...]
Silence Therapeutics Highlights Recent Business Achievements and Reports First Quarter 2026 Financial Results May 7, 2026 Phase 2 SANRECO trial of divesiran, a first-in-class siRNA for polycythemia vera (PV), on-track for topline results in August 2026
Kohort Closes $7 Million Series A Led by The Raine Group, Launching Full Suite of UA Agents May 7, 2026 Kohort today announced the completion of its $7 million Series A fundraising round to build user acquisition (UA) agents for mobile game studios. The round is led by The Raine Group, who invested in Kohort’s seed round. UA Agents: Context engineering meets signal engineering Kohort’s thesis is that in a world where every AI company [...]
KBRA Releases Research – Sovereign Bond Supply Meets a More Demanding Market May 7, 2026 KBRA releases research examining how European and UK sovereign bond markets remain well supported, but are clearing at a higher cost. The report highlights that strong auction coverage and large order books continue to demonstrate deep demand, although elevated deficits, heavy redemptions, and quantitative tightening are keeping supply needs high. At the same time, limited [...]
Climbing handed £1.4m boost to LA 2028 Olympic medal push May 7, 2026 Climbing has received the biggest boost after UK Sport increased Team GB funding by £4m for the LA 2028 Olympics and Paralympics. Canoeing, para canoeing and visually impaired judo programmes have also received significant uplifts in funding but by far the biggest increase – £1.43m – has gone to climbing. Teenager Toby Roberts won gold [...]
Sir Dave Brailsford has left his role as director with Manchester United May 7, 2026 Sir Dave Brailsford has left his role as director with Manchester United just over two years after his Ineos pal Sir Jim Ratcliffe invested into the Premier League club. Brailsford has had a long-standing relationship with petrochemicals firm Ineos, having become team principal of the Ineos Grenadiers grand tour cycling team after its switch from [...]
Construction output tumbles as builders hit by surging costs and red tape May 7, 2026 The UK’s construction sector suffered a sharp fall in activity last month, as the Iran war batters confidence and drives up prices. S&P Global’s monthly construction index for the UK dropped to 39.7 in April, down from 45.6 in March. Builders are beginning to suffer from rising material costs caused by the blockage to the [...]
Titan SA: Trading Update – First Quarter 2026 May 7, 2026 Very strong start to the year with sustained robust profitability growth