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The hedge fund behind a planned takeover of seven London-listed investment trusts has revealed plans for a new strategy it claims will help revitalise the entire sector.
The era of super-cheap money is over, according to leading economists who argue interest rates will not fall back to the low levels enjoyed prior to 2022.
The Wakefield-based retailer reported its turnover rose by 4.7 per cent in November and December, with store revenue increasing by 3 per cent on a like-for-like basis.
The proposed changes would limit rent increases to the lowest of either inflation or average wage growth.
'The biggest mistake in 2024 was not to be bullish enough,' says Fidelity's investment expert Tom Stevenson, but markets have began 2025 with a wobble.
In the summer of 2020, a younger, tech savvy colleague rushed into my office: 'Alex, you have got to write about Reddit and how young people are making pots of money on social media share tips.'
Games Workshop, which recently joined the FTSE 100, revealed its pre-tax profits jumped by a third to a forecast-beating £126.8million in the six months ending 1 December.
Apple is the front-runner in a tight contest to surpass the $4 trillion hurdle for the first time. But with a valuation of $3.6 trillion the iPhone maker is closely followed by microchip pioneer Nvidia.
DIY investment platform Trading 212 today boosted the rate on its cash Isa for new customers, bringing the rate above 5 per cent.
We pick our five favourite cash Isas for savers. This is essential reading to help you choose a top savings account for your money that can also protect you from tax.
I've just moved into my first ever property. It is a brand new apartment which is within a converted mill. The pigeons continue to come, no matter how much we scare them.
Ocado secured record sales over the crucial Christmas trading period as the online grocer's customer numbers soared above one million.
The Government's housebuilding drive was handed a confidence boost on Tuesday after London-listed builders reported building more new homes than expected last year.
With billions of tax-free cash set to mature, experts are warning savers to expect far worse returns.
The Bury-based group had hoped to follow fellow retailers Tesco, M&S and Kingfisher in achieving £1billion in pre-tax profits, but is now set to be beaten to the milestone by Next.
The family home is likely to be one of your most valuable assets. This begs the question: 'Can I gift it to my children now? Lawyer Philip Sillars explains the risks.
The majority of microbusinesses - those with under 10 full-time employees - say they are positive about growing their company.
EDF's new deal offers both existing and new customers £300 credit if you sign up to a home charger/tariff bundle.
In an unscheduled update to the City, Entain said it expects full-year earnings to be at the top of the £1.04bn to £1.09bn range it outlined in October.
Musk - who has been dubbed Trump's 'first buddy' (pictured together) - founded Space X in 2002 and it is now a leading manufacturer of advanced rockets.
Heathrow bosses are in talks with Government over a third runway to boost capacity. Chief exec Thomas Woldbye plans to improve infrastructure.
In another setback for Rachel Reeves (pictured), sterling slumped by as much as a cent to a 14-month low of $1.21 against the US dollar.
The most upbeat speech of Keir Starmer's sojourn at No 10, with his embrace of AI, was intended to lift spirits during a torrid period on markets.
Japan Equity Income has generated total investor returns of 19 per cent - better than the average Japanese fund over the same period of 17 per cent.
Reading is the latest council to consider charging cars that pollute more - which is often larger cars such as SUVs - more to park on the street and with permits.
A new Netflix movie starring Rory Kinnear as Burnley entrepreneur Dave Fishwick has hit number one on its streaming charts over the weekend.
2025 is looking to be an even more expensive year for car repairs, new data warns, with experts concerned that drivers will shun repairs and maintenance to avoid bills.
I understand that from 2030 CPIH (Consumer Prices Index including owner occupiers' housing costs) will be introduced which is less than the RPI.
The average homeowner in England and Wales sold their home for £91,820 more than they paid for it, having owned it for 8.9 years on average.
The idea of both Reeves and the governor of the Bank of England being on the other side of the world, during the current financial turmoil, is not the best optic.
A bond is an IOU or loan made by an investor to a government or company that must be repaid in full at a set date in the future.
Are the wheels coming off Rachel Reeves's 'wagon'?
Political allegiance may determine your answer to this question, but financial markets are adamant in their opinion.
Millions of homeowners dream of a new, extended kitchen, or creating more space with an extra bedroom or loft conversion.
Apple is the front-runner, but it is closely followed by Nvidia, with Microsoft hard on its heels.
Experts point out that you can discover your roots without having to sign up to costly subscriptions and much family sleuthing can be done for free.
I invested in whisky casks. Then it was suggested I invest £30,000 in Linc Drinks. I did, but then I heard about your article regards the company.
Unless these trust investors want their money to be run in the future by Saba, they need to vote against the proposals put forward by this corporate opportunist.
Reeves left a historically tiny buffer of £10 billion for this year in her Budget to meet her main rule that day-to-day spending be matched by tax receipts.
That's the question that investors are asking themselves about the UK.
Someone buying a retirement income today could secure a deal that is a massive 70 per cent higher than if they had bought in 2020, when deals hit a record low.
So unless ministers take steps now to encourage them - or push back the 2030 deadline - the policy is doomed.
I'm vegan, so I contacted John Lewis customer services to ask if I could swap it for a vegan item of similar value - but was surprised that it said no.
There are lots of great reasons to leave money to charity in your will, most obviously because it is a wonderful thing to help others. Here's how to make most impact...
The gilt yield spike is unfortunate for a Labour party that has repeatedly accused Liz Truss 'crashing the economy', so what's going on.
Tesla's best-selling car has finally been given a facelift and emerges in 2025 with new looks and improved range. Here's a first glimpse at the Cybertruck-inspired tweaks.
We share the best buy-to-let mortgage rates for both personal name and limited company mortgages. These rates were the best deals sourced as of 10 January 2025.
A third of new cars entering the road last year were 'Chelsea Tractors', snatching the mantle of most popular segment from superminis, which had topped the sales charts for decades.
The building society said that the recent surge came from customers opting for cash to easier budget in the wake of the pandemic.
The cost of borrowing soared to its highest level for more than a quarter of a century this week as gilt yields continue to rise. What are they?
The government represents the UK and its people and some of those people are sitting on a lot of money, maybe it's time for a mutually beneficial deal.
Many property adverts are not compliant with current legislation, which means people are left without crucial information in the early stages of buying a home.
Couples can divorce within six months of applying, but financial settlements are dealt with in a separate process that can take much longer. Here's what you need to know...
Of the current generation of 18-21 year olds, four million were not taught how to properly manage their finances according to Santander.
Rates had been expected to fall in 2025 due to expectations that the Bank of England will cut the base rate three or four times, but that has now been thrown into question.
Oxford Economics is predicting that interest rates will fall to 2.5% by late 2027, a much bigger drop than the 3.75% market consensus.
There are some final tasks and also some big lifestyle changes to consider in the final months before you leave your job. Here's what you need to know.
Boaz Weinstein (pictured), founder of Saba Capital, is pushing for a huge shake-up that would mean that directors at the trusts replaced by him and his allies.
James Knoedler, portfolio manager of the Evenlode Global Equity funds shares his thoughts on Nvidia, Mastercard, gold and Bitcoin.
There is no doubt Rachel Reeves' announcement that from April 2027 unused pensions will be subject to inheritance tax is bad news - but is it as bad as people are saying?
The Government has yet again reiterated that it will ban sales of new petrol and diesel cars from 2030 - but has also launched a consultation into the deadline date...
Firms operating within the engineering and manufacturing, technology, legal, and finance sectors have delivered the highest pay rises in 2024, research shows.
Interest rates were only cut twice in 2024 with base rate falling from a high of 5.25 per cent to 4.75 per cent. Will the cuts be deeper next year? We get the experts views
I was accosted and forced to transfer £200 to my assailant's bank account via my online banking app. I reported the matter to the police and then my bank.
Mortgage rates have been edging lower this month, but the lowest rates remain above 4 per cent for the time being.
Choosing the right investing platform is crucial but a wealth of choice can leave investors scratching their heads. We pick some of the best.
We asked trusted experts to recommend the best funds that cover different investment sectors - and included This is Money's selection of active and passive options too.
If you are planning on investing, or just want to know more, we tell you
the 10 essential things to consider for a successful buy-to-let
investment
If you are one of the tens of thousands of people in the UK who pay for a personal alarm system then chances are you are unaware of a secret charge added on to your bill.
Saba, run by Wall Street financier Boaz Weinstein (pictured), has proposed to replace directors at the seven trusts with its own nominees.
Under the agreement, GSK will pay $1billion upfront to acquire the Massachussetts-based firm, followed by up to $150million in 'success-based' milestone payments.
The Wilmslow-based womenswear brand said sales of partywear were 'strong' over the three months to 31 December 2024.
The recruiter reported its gross profits fell by 12.9 per cent at constant currency rates to £196million in the fourth quarter of last year owing to weaker performances across all regions.
Less than two weeks into 2025 we've had our first defection from AIM in the form of Alliance Pharma.
Entain shares rose after the gambling giant upgraded profit guidance, despite its US business suffering 'customer friendly' sports results in the fourth quarter.
Serco chief executive Mark Irwin will retire this year, calling time on a 12-year stint with the outsourcing giant.
The founder of New York-based Saba Capital, is pushing for a huge shake-up at seven of the trusts, which hold stocks, bonds and assets on behalf of investors.
A survey found nine in 10 drivers think at least some headlights on cars on the road today are too bright
The loss-making company had planned to build a 'green steel' electric arc furnace in the region and another at its main site in Scunthorpe.
The Tax Foundation, a respected US think-tank, estimates the new tariffs proposed - without taking account of retaliation - could result in the loss of 344,000 jobs.
A report is set to reveal 69 per cent of workers deal with failings in service - for which their own and other firms are responsible.
When a Cabinet Minister tells people they should not be worried by what is happening on the financial markets, you know the Government is really scared. It should be.
RC Fornax wants to raise at least £5 million, valuing the business at £25 million, sources say.
Afiniti filed for bankruptcy in the US two months ago as the firm struggled under a mountain of debt.
Although head of the technology firm, Jo Gretton, admits the increase to National Insurance contributions 'will be a drag'.
The 78-year-old featured in most of Victoria's TV shows including Dinnerladies and Acorn Antiques.
Some 81 per cent of respondents said they regularly saw people 'excessively speeding', with 55 per cent saying there was a culture among UK road users that it was acceptable to speed.
Sales of gold coins were three times higher between October and December than in the same period of 2023, according to The Royal Mint.
Liam Byrne wrote to the FCA and London Stock Exchange to ask how they will scrutinise the firm as it plans one of Britain's biggest ever flotations.
Although its latest update does not include December, the chemist said early signs showed the festive trading period had been 'solid'.
A report said fund managers are more willing to speak out against environmental, social and governance and diversity, equality and inclusion issues.
The mid-cap index is vulnerable to the weakening pound and deepening concern about the UK's growth prospects and fiscal credibility.
Retailers face an increase in business rates in April alongside a barrage of other costs imposed by the Chancellor.
Jaguar was mauled for ditching the iconic 'growler' badge, used for decades on grilles and bonnets, and replacing it with a curved geometric 'J' badge.
The drug manufacturer said its investors would receive 62.5 pence per share under the deal, a 40.9 per cent premium to its closing share price on Thursday.
Prices tags for the 600e family crossover and Abarth 500e hot hatch have been trimmed by up to £4,220. Both now start from £29,975.
The world's biggest shipping services firm now expects to report making at least £115million in underlying pre-tax profits in 2024, having made a record £109.2million the previous year.
Several companies managed to stave off the new year blues, not least ImmuPharma which bagged this week's spot as AIM's biggest riser.
Policies designed to fight climate change 'probably' had a bigger impact on the inflationary upheaval of recent years than first thought, Sarah Breeden said.
The supermarket giant said its staff would receive a five per cent pay hike over the coming year, split into two separate increases to help 'navigate a challenging cost environment.'
One can understand why the Chancellor was happy to let her chief secretary to the Treasury take the heat for the crash in confidence in gilt-edged stock and the pound.
There are concerns that when the Magnificent Seven's run breaks, share prices will be hit hard but investors are reluctant to bet against so-called US exceptionalism.
The joint venture between M&S and the supermarket arm of Ocado, led by Hannah Gibson (pictured), should have been a match made in heaven.
Heat pumps divide opinion. Homeowners either like them or loathe them - but even those who have embraced these heating devices say they are fraught with problems.
Like-for-like sales in its company-managed stores rose by only 2.5% in the fourth quarter, half the rise of the prior three months.
M&S, led by boss Stuart Machin (pictured with Sienna Miller) reported £4.06bn in sales for the three months to 28 December.
In a letter to investors, Smith (pictured) said he had sold his Fundsmith Equity fund's shares in Diageo after holding the stock for almost 15 years.
Saba, run by Boaz Weinstein (pictured), has proposed replace trust directors with its own nominees, saying leaders have 'failed shareholders'.
The £50bn listing could be sorted by Easter, sources say, as Chancellor Rachel Reeves heads to China for talks on economic and financial cooperation.
Truell has offered to pay £1.25 per share for the entire company, having previously made an approach for 40% of the firm at the same price.
H&T Group, which has more than 270 pawn shops, saw a record number of new customers in the final ten weeks of last year.
The hedge fund attempting to seize control of seven London-listed funds is hoping to win over Herald Investment Trust investors with the offer of a cash exit.
Scrap Car Comparison has revealed which models were most commonly crushed between January and December. Many are best sellers from the 00s.
In our three-bed house we paid £90 per month, but now in our two-bed flat we have been asked to pay £430.
The British Retail Consortium said there is 'little hope of prices going anywhere but up' following recent Budget announcements that will raise costs for UK retailers.
Marks & Spencer looks to be the big retail winner of Christmas 2024 after the group's sales soared ahead of market expectations.
Jimmy Carter, the 39th president of the United States, has been much eulogised as America's most distinguished after-President.
Do savings accounts make it worse for him if he needs benefits. Would it be better in a pension than savings?
Boss Wael Sawan last year said he will consider moving Shell's listing to New York if efforts to boost its valuation in the UK do not pay off.
Flutter suffered its biggest one-day loss on the NFL on December 30, when the Detroit Lions beat San Francisco 49ers, costing it £59m.
Tom Morris (pictured), who was dubbed 'the richest Scouser to have ever lived' by his hometown press, opened his first shop almost 50 years ago.
When it comes to travel plans for Chancellors engulfed in market turmoil, it is a case of being caught between the devil and the deep blue sea.
With UK gilt yields soaring and the pound sinking, the FTSE 100 inched up 0.1%, while the more domestically focused FTSE 250 tumbled 1.9%.
The number of charge points installed in the UK over the course of 2024 was the highest annual level seen, with over 20,000 new devices added.
Drivers have seen significant increases in their insurance costs in recent years, but the market may have reached a turning point.
London-listed Gemfields, whose ambassador is actress Mila Kunis, has been blindsided by the imposition of a double-digit tax on the export of gemstones from Zambia.
Janus Henderson has joined rivals in urging investors of its London-listed investment trusts to reject a takeover attempt from US hedge fund Saba Capital.
The auction room goes quiet in suspense as the auctioneer raises the gavel above the block with a theatrical flourish. 'Going first... going second... going for the third and final time... gone,' he roars.
In yet another setback for the Chancellor in the wake of the Budget, the yield on 30-year gilts topped 5.25 per cent for the first time since 1998.
Frequent flyers were not slow to criticise British Airways' announcement last week that it was dramatically changing its loyalty programme from April 1.
Topps Tiles surpassed expectations in the final weeks of 2024 as the retailer made progress with efforts to boost professional trade sales.
Shell has warned of a $1.3billion cashflow impact for the fourth quarter of 2024 due to payments of emissions certificates.
If you are one of the savvy savers who poured money into their Isas this time last year, you need to watch out.
Andy and Michelle Powell (pictured) had a new heat pump installed in their four-bedroom home just outside the market town of Berkeley in Gloucestershire.
Oscar Ryan and Adam Roubicek (pictured) bought a one-bedroom London flat for £265,000 at auction which would have normally cost around £300,000.
In April 2024, EDF Energy said I owed it £8,000 just for my gas. It promised to correct the error, but another £8,000 bill arrived. In August an adviser agreed something was wrong.
A total of 5,712 Rolls-Royce motor cars were delivered to customers 2024 - the third-highest annual sales figure on record.
In an upbeat trading statement to the City, the retailer's chief exec Lord Wolfson (pictured) raised his profit forecast for the year by £5m to £1.01bn.
The eagerly-watched S&P Global UK Construction Purchasing Managers' Index (PMI) gave a reading of 53.3, down from 55.2 in November.
Saba Capital is calling for a shake-up of seven London-listed investment trusts which collectively have a market value of around £4bn
Donald Trump Jr landed in Greenland on a 'personal day-trip' hours after his father repeated his wish for the US to take control of the autonomous Danish territory.
The model train maker's sales outperformed High Street peers over the crucial Christmas trading period.
Should I use the lump sum now to cut out mortgage payments on my buy-to-let, or leave the cash to hopefully grow in value for the future?
I set off the alarm when I left a department store, although I hadn't bought anything. Security on the door insisted on searching my shopping bags.
Beyond central London, the most affluent parts of the commuter zone are home to the highest concentration of super-luxe cars.
You have weeks to file an online return and pay what you owe. There's a £100 fine if you file up to three months late. For late payments, you're charged 7.25% interest.
The Lifetime Individual Savings Account was launched eight years ago to help people save for their first home or boost their retirement savings.
When in opposition, Keir Starmer's team never missed an opportunity to accuse Liz Truss and the Tories of crashing the economy.
Date from research group Kantar showed Ocado sales rose 9.6% for the three months to December 29. M&S saw food and drink sales rise by 8.7%.
Adrian Sainsbury, who became Close Brothers chief exec in 2020, stood down on Monday after taking medical leave in September.
The company delivered 5,712 cars to customers in 2024 - the third highest annual sales figure on record behind 6,032 in 2023 and 6,021 in 2022.
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