Shareholders in the Herald Investment Trust (LON:HRIL) have voted against Saba Capital’s proposals to remove the trust’s current board. A total of 26.4 million votes – 65% of total votes cast – were against Saba’s requisitioned resolutions, which sought to replace the investment trust’s leadership with its own appointees. Herald is the first of seven … Read more
The misery of applying for pension tax refunds has been dragging on for a decade – but the end may be in sight after HMRC announced it will reform the system from April. Thousands of retirees are overtaxed on their pension withdrawals every year, and must try to get a refund from HMRC. A massive … Read more
The value of assets under management (AUM) by global exchange-traded funds (ETFs) has surpassed $15 trillion, according to research from ETF issuer HANetf. Depending on how you measure it, there are two different stories to tell about the ETF market. Data from interactive investor suggests that ETFs fell in popularity, relative to alternative products, late … Read more
The taxman is set for another record year when it comes to inheritance tax (IHT). HMRC collected £6.3 billion in the first nine months of the tax year. This figure is up more than 10% compared to the same period a year ago. IHT receipts have been continually climbing in recent years. Last year, the … Read more
Wage growth in the UK hit 5.6% in the three months to November 2024, meaning more money in workers’ pockets, but potentially stoking fears of inflation. Economists and analysts watch the strength of the UK labour market closely as a signifier of the health of the UK economy. Wage growth data as well as related … Read more
Market commentators like to pigeonhole equity investors with simple terms such as active, passive, contrarian, value, growth or momentum. This makes things unnecessarily complicated as most people are investing for either value or growth. Our approach is different. We are business-transformation investors focused on management and strategic change within good companies. We back strategies to … Read more