How to choose a provider for your Stocks and Shares Isa Isas are a popular way for savers to squirrel away money. And given that these savings accounts are free from both capital gains and dividend tax, the Stocks and Shares Isa is particularly appealing to investors. With all that said, not all Isas are created equal, and charges can vary wildly across providers. Platforms can usually be divided into those [...]
Interactive Investor set to pay £40m for Alliance Trust Savings Interactive Investor, the UK's second largest investment platform, has bought rival Alliance Trust Savings in a £40m deal. After the sale the combined business will have £35bn assets under management and the deal includes the sale of Alliance Trust's headquarters in Dundee. Read more: Investment platform AJ Bell boosts customers ahead of float London-based Interactive Investor is majority [...]
Alliance Trust slumps once again Fund manager Alliance Trust yesterday promised a raft of changes this autumn to help reverse a long-running slump in fortunes. The company said net asset values rose by just 1.4 per cent for the six months ending June, with shareholders receiving a 2.7 per cent increase, well behind similar peers. The company, which was forced [...]
Alliance Trust unit pays £14m for Brewin Dolphin platform May 14, 2015 Alliance Trust’s savings division yesterday bought smaller stockbroking platform rival Stocktrade from Brewin Dolphin for £14m. Alliance Trust Savings (ATS), which has £7.2bn in assets, will add Stocktrade’s 48,000 customers, boosting its customer base to 105,000. Assets will also rise to £11.5bn after the deal completes. The group said the acquisition would allow it to [...]
City activists smell the scent of success: Edward Bramson’s showdown at Electra follows battles over Alliance Trust and John Menzies April 30, 2015 US corporate raider Edward Bramson is closing in on one of the UK’s oldest private equity groups, Electra, six months after he failed to capture the firm. The showdown comes amid a flurry of UK activist raids since the turn of the year, underscored by little-known fund Lakestreet Capital, which yesterday revealed it [...]
Alliance Trust gets a year to show results as Elliott Advisors gives 12 months’ notice April 28, 2015 Investment firm Alliance Trust has been put on 12-months’ notice by activist investor Elliott Advisors to show results or be forced to change its strategy. In a vicious battle over the past month, both sides have been rallying support among shareholders, with Elliott pushing for three new directors to join the board, and Alliance [...]
Win or draw? Alliance Trust share price rises as Elliott Advisors withdraws resolutions – but gets two seats on the board April 28, 2015 Elliott Advisors will call this a win – Alliance Trust may settle for something rather less emphatic. The day before what was set to be a heated annual general meeting (AGM), the financial services company appears to have reached a truce with one of its largest shareholders by giving it two seats on the board, [...]
Elliott Advisors: The activist US hedge fund shaking up Britain April 27, 2015 Elliott Advisors is the UK subsidiary of a much larger American group, which began life in 1977 when it was established by Paul Elliott Singer. Its British arm has a reputation for activism which is not always welcomed by companies’ executives, as the hedge fund analyses performance and pushes for changes to squeeze better returns. [...]
Alliance Trust wins backing of City bosses April 19, 2015 Embattled Alliance Trust boss Katherine Garrett-Cox won the support of a series of business bosses over the weekend, as the leaders spoke up in favour of her stewardship. Activist investor Elliott Advisors is pushing to add three new directors to the FTSE 250 investment group’s board, arguing that its executives need to be pushed harder [...]
General Election 2015: Alliance Trust CEO Katherine Garrett-Cox wants a sustainable economy and flexible working April 16, 2015 ELECTION COUNTDOWN: 20 DAYS TO GO Every day until the final week of the election campaign, we ask a business leader to say what policies would entice them to vote for a particular party. KATHERINE GARRETT-COX: CEO, ALLIANCE TRUST ■ You commit to creating a healthy, sustainable economy which is so very [...]