The £960 million Baillie Gifford US Growth Trust (USA) said it has received a requisition notice from Saba Capital Management, the New York-based activist hedge…

The Association of Investment Companies (AIC) has submitted its response to the FCA consultation on reform of the Listing Rules — saying the regulator needs to go further…

Edinburgh-based investment giant Aberdeen Group confirmed on Monday it paid an undisclosed fee to controversial activist New York hedge fund Saba Capital Management to facilitate…

Edinburgh Worldwide Investment Trust plc (EWIT) said on Thursday it “remains committed to providing shareholders with a liquidity opportunity and intends to pursue a tender…

Edinburgh Worldwide Investment Trust plc (EWIT) said on Friday that Gabriel Gliksberg, a nominee of controversial New York hedge fund Saba Capital, has been appointed…

Aberdeen Investments said on Thursday it has been proposed as the investment manager of the £1.5 billion Herald Investment Trust plc (HRI) — with controversial…

The chair of the Baillie Gifford-managed £860 million Edinburgh Worldwide Investment Trust plc (EWIT) has warned that the UK’s entire £261 billion investment trust sector…

The Association of Investment Companies (AIC) has urged the UK’s Financial Conduct Authority (FCA) to tighten UK Listing Rules after New York hedge fund activist…

The Baillie Gifford-managed £860 million Edinburgh Worldwide Investment Trust plc (EWIT) told shareholders on Monday its controversial tender offer for up to 100% of EWIT’s…

The Baillie Gifford-managed £860 million Edinburgh Worldwide Investment Trust plc (EWIT) on Tuesday announced its intention to put forward a proposal to implement a tender offer…

The Association of Investment Companies (AIC) said it has written to the Financial Conduct Authority (FCA) and the Department for Business and Trade “calling for…

New York hedge fund Saba Capital Management, the largest shareholder of Edinburgh Worldwide Investment Trust plc, said on Thursday it has recommended that if elected,…

The Baillie Gifford-managed £830 million Edinburgh Worldwide Investment Trust plc (EWIT) said on Tuesday its other shareholders overwhelmingly rejected proposals by New York hedge fund…

The chair of the Baillie Gifford-managed £830 million Edinburgh Worldwide Investment Trust plc (EWIT) said New York activist hedge fund Saba Capital Management is “on…

Fund research firm Kepler Trust Intelligence said on Tuesday that shareholders of Baillie Gifford’s £864 million Edinburgh Worldwide Investment Trust plc (EWIT) should vote against…

Baillie Gifford’s £850 million Edinburgh Worldwide Investment Trust plc (EWIT) has urged shareholders to vote against New York hedge fund Saba Capital Management’s bid to…

New York activist hedge fund Saba Capital Management announced it has officially requisitioned the board of directors of the £850 million Edinburgh Worldwide Investment Trust…

Two large investment trust companies run by Edinburgh-based Baillie Gifford said on Tuesday that New York activist hedge fund Saba Capital Management is blocking a…

New York activist hedge fund Saba Capital Management has made a fresh attempt to replace the entire board of the £850 million Edinburgh Worldwide Investment…

The £800 million Baillie Gifford US Growth Trust plc has narrowly survived a new attack from New York activist hedge fund Saba Capital Management. The…

Alicante-based Banco Sabadell said on Wednesday its shareholders overwhelmingly approved the £2.65 billion sale of TSB bank to Banco Santander and the distribution of an…

Banco Santander S.A. announced late on Tuesday that it reached an agreement to acquire 100% of TSB Banking Group plc (TSB) from Banco de Sabadell, S.A.,…

Spanish financial group Sabadell is exploring a sale of its UK bank TSB amid its efforts to fight off an €11 billion hostile takeover approach…

The Association of Investment Companies (AIC) has launched its ‘My share, my vote’ campaign petition, calling for a change in company law to ensure all…

Edinburgh-based investment group Baillie Gifford has welcomed the overwhelming shareholder votes at two of its investment trusts to defeat New York activist hedge fund Saba…

Baillie Gifford’s Keystone Positive Change Investment Trust announced that requisitioned resolutions put forward by New York activist hedge fund Saba Capital Managemen were defeated on a…

Baillie Gifford US Growth Trust plc announced that its shareholders have decisively voted against all the requisitioned resolutions from New York activist hedge fund Saba…

Baillie Gifford US Growth Trust plc — one of the seven investment trust companies currently under attack from New York activist hedge fund Saba Capital Management…

Analysts at Investec have described the attack by US activist hedge fund Saba Capital Management on seven UK investment trust companies as “an egregious and…

By Mark McSherry New York hedge fund Saba Capital Management said it has requisitioned the boards of seven UK investment trusts “to convene general meetings of…

Spanish banking group Banco Sabadell announced on Friday the appointment of Marc Armengol as chief executive officer of its UK subsidiary TSB, subject to regulatory…

TSB, the UK banking business of Spain’s Sabadell, is planning 250 job cuts and 36 branch closures. Sabadell has just turned down a takeover offer…

TSB has reported a record statutory profit before tax of £183.5 million for 2022, up 16.5% on 2021, and said it proposes to pay Spanish…

The board of TSB Bank, with the support of Spanish parent company Banco Sabadell, has announce the permanent appointment of Glasgow-based Robin Bulloch as CEO….

(Updates with Monday statement from Co-operative Bank) Spain’s Banco Sabadell confirmed at the weekend that its board has rejected an audacious offer for its subsidiary TSB Bank…

Banco Sabadell is open to selling TSB Bank plc at some point, according to the Spanish bank’s CEO Cesar Gonzalez-Bueno, Reuters reported. The CEO said…

Richard Meddings has announced his intention to step down as chairman of TSB Bank plc following Spanish parent firm Banco Sabadell’s decision that no sale process…

Spanish bank Banco Sabadell has given Goldman Sachs a mandate to sell Edinburgh-based TSB, its loss-making UK business, according to a Reuters report on Friday….

TSB said on Wednesday it has selected IBM Services as its strategic partner “to accelerate the bank’s ambition to become a truly digital business with…

The massive IT crash at TSB bank last year was caused by moving to a new banking platform before it had been properly tested, an…

The UK’s Financial Conduct Authority (FCA) on Friday finally published a consultation paper on proposed changes to its UK Listing Rules for closed‑ended investment funds…

The UK’s Financial Conduct Authority (FCA), the London-based regulator, announced that its Annual Public Meeting (APM) will be held in Edinburgh for the first time…

Spanish banking group Santander plans to kill off the TSB high street brand name ​a year after announcing its acquisition of Banco Sabadell’s UK ‌business,…

The Baillie Gifford-managed £860 million Edinburgh Worldwide Investment Trust plc (EWIT) said late on Friday that its tender offer with an exit option “has not…

The chair of the Baillie Gifford-managed £860 million Edinburgh Worldwide Investment Trust plc (EWIT) has hit back at Financial Conduct Authority (FCA) comments suggesting the…

Santander UK announced on Monday its intention to appoint Nicola Bannister as the new CEO of TSB Bank, dependent on regulatory approval being received for…

The Baillie Gifford-managed £860 million Edinburgh Worldwide Investment Trust plc (EWIT) said on Tuesday it is to face a third attempt by New York hedge…

TSB has reported a statutory profit before tax of £350.4 million for 2025, up 20.7% on 2024. Sabadell Group agreed last July to sell TSB…

The £890 million Baillie Gifford US Growth Trust plc said its share price and net asset value (NAV) returned 18% and 14.1% respectively for the…

The Baillie Gifford-managed £830 million Edinburgh Worldwide Investment Trust plc (EWIT) said its net asset value (NAV) per share increased by 29.7% and the share…

Baillie Gifford’s £850 million Edinburgh Worldwide Investment Trust plc (EWIT) has challenged New York hedge fund Saba Capital Management to provide “full transparency and clarity”…

Baillie Gifford’s £850 million Edinburgh Worldwide Investment Trust plc (EWIT) has warned shareholders they need to vote as soon as possible against New York hedge…

Santander UK announced on Friday that its CEO Mike Regnier “has confirmed his intention to step down as UK CEO by Q1 2026.” Regnier joined…

TSB bank’s Edinburgh headquarters has been put up for sale — with its owner seeking offers of over £18,550,000 for the property. Agent JLL said…

By Mark McSherry The £780 million Baillie Gifford US Growth Trust plc said its share price and net asset value (NAV) returned 24.5% and 22.1% respectively…

TSB, the UK banking business of Spain’s Sabadell, has reported a statutory profit before tax of £101.3 million for the first quarter of 2025 —…

The UK’s National Wealth Fund (NWF) has announced a £600 million commitment to Iberdrola to upgrade the British power grid through its subsidiary Scottish Power…

Baillie Gifford’s £800 million Edinburgh Worldwide Investment Trust has become the latest closed-end fund company to defeat New York activist hedge fund Saba Capital Management….

The Association of Investment Companies (AIC) has launched a campaign to ensure all investors can exercise their right to vote their shares amid the attack…

The board of Herald Investment Trust plc announced that requisitioned resolutions to oust the current board put forward by US activist hedge fund Saba Capital…

Baillie Gifford’s £800 million Edinburgh Worldwide Investment Trust — one of the seven investment trust companies currently under attack from New York activist hedge fund…

The Association of Investment Companies (AIC) has written to the Financial Conduct Authority (FCA) to raise concerns about protection of retail shareholders’ interests follows the attack…

The Association of Investment Companies (AIC) has written to the major retail investment platforms urging them to make their customers aware of the general meetings…

Two more investment trusts run by Baillie Gifford have urged shareholders to reject all proposals by New York hedge fund Saba Capital Management to remove the funds’…

By Mark McSherry Baillie Gifford’s £800 million Edinburgh Worldwide Investment Trust said a requisition notice from New York hedge fund Saba Capital Management for a general…

Celtic plc said its revenue increased 3.9% to £124.6 million in the year to June 30, 2024, but its profit before taxation fell to £17.8 million…

TSB, the UK banking business of Spain’s Sabadell, has reported a statutory profit before tax of £111.6 million for the first half of 2024, a…

Investment giant Abrdn and the University of Edinburgh have announced a pioneering project out of their partnership Centre for Investing Innovation that will seek to…

TSB has reported a statutory profit before tax of £237.2 million for 2023 — an increase of £53.7 million or 29.3% on 2022 – and…

The UK’s Prudential Regulation Authority (PRA) said it has fined Carlos Abarca, the former chief information officer (CIO) of TSB Bank plc, £81,620 over the…