Herald Trust Saved After Saba and Aberdeen Deal
Saba Capital and Aberdeen reach a deal to save Herald Investment Trust from wind-down, with Aberdeen managing the £1.5bn fund and offering shareholders a tender exit.
Saba Capital and Aberdeen reach a deal to save Herald Investment Trust from wind-down, with Aberdeen managing the £1.5bn fund and offering shareholders a tender exit.
NatWest's wealth management arm integrates Coutts and Evelyn, creating a comprehensive financial jigsaw for high-net-worth clients.
Citigroup plans to boost its investment banking market share to 6% through aggressive hiring, focusing on M&A advisory and capital markets.
The City AM Awards 2026 celebrated UK PLC's finest at Guildhall, with Revolut winning Business of the Year. See the full list of winners.
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RecommendedSamsung faces a potential strike as unions demand higher pay and bonuses from AI-driven profits, while the company's market value hits $1 trillion.
Houlihan Lokey reported record dealmaking fees of $2.6bn in fiscal 2025, up 18% from last year, despite a slowdown in Middle East activity.
Finland's Kelluu, an accidental defence startup, shows how the UK can reform its sluggish procurement system with innovation, speed, and agile financing.
City AM Awards 2026 honored 12 winners across sectors, celebrating entrepreneurship and value creation. Nearly 500 guests attended the Guildhall event.
BlackRock executive states the asset manager has no immediate plans to relocate its London headquarters, reaffirming commitment to the UK market.
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RecommendedNigel Farage has made £2 million since being elected MP, from speeches, media gigs, and gold bullion promotion, plus a £5m gift from a donor.
JPMorgan Private Bank's head of alternatives says the firm is comfortable with private credit allocations, citing strong performance and diversification benefits.
The 2026 City AM Awards winners were crowned at London's Guildhall, with Greg Jackson, Revolut, Shawbrook, and others taking top honors across 12 categories.
Eamonn Holmes resigns from Manchester United Foundation board after 19 years due to a mandatory break policy. The TV presenter, 66, also faces health issues following a recent stroke.
The Financial Stability Board warns that private credit's role in AI could backfire, with sharp corrections causing sizeable losses. Tech, healthcare, and services are top borrowers.
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RecommendedA coyote swam 2 miles from Angel Island to Alcatraz, farther than biologists initially estimated. The resilient animal impressed experts with its long journey through rough waters.
The FCA is investigating Mastercard, Visa, and PayPal for alleged anti-competitive practices related to PayPal's digital wallet, citing potential breaches of competition law.
Top law firms are aggressively hiring private equity partners to capture lucrative deal work, intensifying competition for talent in London's legal market.
Bank of America has appointed Gemma from Goldman Sachs to head its Italy dealmaking operations, strengthening its investment banking team in the region.
Morgan Stanley has appointed new heads for its France M&A business following the departure of a key banker to Goldman Sachs, aiming to strengthen its dealmaking team in Paris.
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RecommendedFermi has rebuffed a bid from its former chief executive Toby Neugebauer to regain control of the board, accusing him of trying to sell the company far below its intrinsic value.
Stormzy doubles down on his investment in Padel Social Club as part of a £5.5m fundraising round to open three new London sites with 17 courts.
Jasper Berens, head of distribution at CCLA, has left the firm following its acquisition by Jupiter Asset Management. The departure marks a key change in leadership.
Weil's Marco Compagnoni discusses how private equity has evolved from boardroom battles to a sophisticated industry, emphasizing professionalism and long-term value creation.
Australia is close to signing a landmark security and economic agreement with Fiji as Foreign Minister Penny Wong visits Suva, while a separate pact with Vanuatu faces delays due to Chinese influence.
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RecommendedVodafone agrees to buy CK Hutchison's 49% stake in VodafoneThree for £4.3bn, gaining full control of the UK's largest mobile network with 27 million subscribers.
HSBC reports a 4% profit drop in Q1 2025, hit by a $1.3bn charge including $300m for the Iran conflict and $400m fraud-related exposure in private credit.
Alvarez & Marsal hires senior director Tom Hufton from FTI, joining managing director Rob Mindell, to lead a new reputation advisory practice targeting high-stakes restructuring and litigation mandates.
Champions Speakers named SME of the Year at British Business Awards, presented by George Clooney in Edinburgh. The agency celebrated over 20 years of growth.
Channel 4 has listed its Horseferry Road headquarters for sale, part of a cost-cutting strategy under new CEO Priya Dogra. The broadcaster plans a smaller London base.
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RecommendedCAMSO Construction announces entry into UK and Ireland markets, marking second phase of European expansion with new warehousing and tailored products.