Herald Investment Trust Defeats Takeover Bid, Exposing Regulatory Gaps
Minority investors in Herald Investment Trust overwhelmingly rejected a takeover bid by Saba's Boaz Weinstein, highlighting shortcomings in industry body AIC, regulator FCA, and investment platforms' responses; the vote's success impacts six other targeted trusts.
Herald Investment Trust Defeats Takeover Bid, Exposing Regulatory Gaps
Minority investors in Herald Investment Trust overwhelmingly rejected a takeover bid by Saba's Boaz Weinstein, highlighting shortcomings in industry body AIC, regulator FCA, and investment platforms' responses; the vote's success impacts six other targeted trusts.
Progress
44% Bias Score
UK Government Intervention Limits Car Finance Mis-selling Payouts, Boosting Lender Shares
The UK Treasury is seeking to limit compensation payouts in a multi-billion pound car finance mis-selling case, causing shares in affected lenders to rise sharply, despite the potential for industry disruption.
UK Government Intervention Limits Car Finance Mis-selling Payouts, Boosting Lender Shares
The UK Treasury is seeking to limit compensation payouts in a multi-billion pound car finance mis-selling case, causing shares in affected lenders to rise sharply, despite the potential for industry disruption.
Progress
48% Bias Score
Waterstones' Profit Doubles Amidst Print Book Resurgence
Waterstones, the UK's largest bookstore, doubled its profits to £20.9 million in 2023, driven by a return to print book sales, a community-focused strategy, and the resurgence of commuter readership, defying predictions of the physical bookstore's decline.
Waterstones' Profit Doubles Amidst Print Book Resurgence
Waterstones, the UK's largest bookstore, doubled its profits to £20.9 million in 2023, driven by a return to print book sales, a community-focused strategy, and the resurgence of commuter readership, defying predictions of the physical bookstore's decline.
Progress
40% Bias Score
Activist Investor Challenges Board of £1.4 Billion Herald Investment Trust
Boaz Weinstein's Saba Capital is challenging the board of the £1.4 billion Herald Investment Trust, highlighting concerns about corporate governance and shareholder engagement in the UK investment trust sector; similar past events with Alliance Trust, Electra, and Foreign & Colonial demonstrate a re...
Activist Investor Challenges Board of £1.4 Billion Herald Investment Trust
Boaz Weinstein's Saba Capital is challenging the board of the £1.4 billion Herald Investment Trust, highlighting concerns about corporate governance and shareholder engagement in the UK investment trust sector; similar past events with Alliance Trust, Electra, and Foreign & Colonial demonstrate a re...
Progress
56% Bias Score
HMRC Criticized for Degraded Services and Rising Uncollectable Debt
The UK's Public Accounts Committee criticized HM Revenue and Customs (HMRC) for worsening its phone service to push digital channels, leading to only 66.4% of calls answered, average wait times exceeding 23 minutes, and £5bn in uncollectable debt written off in 2023-24.
HMRC Criticized for Degraded Services and Rising Uncollectable Debt
The UK's Public Accounts Committee criticized HM Revenue and Customs (HMRC) for worsening its phone service to push digital channels, leading to only 66.4% of calls answered, average wait times exceeding 23 minutes, and £5bn in uncollectable debt written off in 2023-24.
Progress
48% Bias Score
UK Pay Growth Rises, Adding Pressure on Bank of England
UK average weekly earnings increased by 5.6% in the three months to November, driven by strong private sector growth, putting pressure on the Bank of England to maintain interest rates amid concerns over inflation; unemployment rose to 4.4%.
UK Pay Growth Rises, Adding Pressure on Bank of England
UK average weekly earnings increased by 5.6% in the three months to November, driven by strong private sector growth, putting pressure on the Bank of England to maintain interest rates amid concerns over inflation; unemployment rose to 4.4%.
Progress
44% Bias Score
Unpaid Internships Exacerbate Socioeconomic Inequality in Career Access
A Sutton Trust report reveals that 55% of middle-class graduates had internships compared to 36% of working-class graduates, widening the inequality gap since 2018, with 61% of internships being unpaid or underpaid, mostly in real estate, construction, IT, finance, and legal sectors.
Unpaid Internships Exacerbate Socioeconomic Inequality in Career Access
A Sutton Trust report reveals that 55% of middle-class graduates had internships compared to 36% of working-class graduates, widening the inequality gap since 2018, with 61% of internships being unpaid or underpaid, mostly in real estate, construction, IT, finance, and legal sectors.
Progress
52% Bias Score
Wall Street Activist Challenges Veteran Stock Picker in London Investment Trust Power Struggle
Boaz Weinstein's Saba Capital is attempting to seize control of seven London-listed investment trusts, including Herald Investment Trust, led by Katie Potts, in a vote today that could reshape the industry.
Wall Street Activist Challenges Veteran Stock Picker in London Investment Trust Power Struggle
Boaz Weinstein's Saba Capital is attempting to seize control of seven London-listed investment trusts, including Herald Investment Trust, led by Katie Potts, in a vote today that could reshape the industry.
Progress
52% Bias Score
UK Borrowing Surges to Four-Year High, Raising Fiscal Concerns
The UK government's December borrowing hit a four-year high of £17.8 billion, exceeding expectations and raising concerns about the Chancellor's fiscal rules amid increased debt interest and spending.
UK Borrowing Surges to Four-Year High, Raising Fiscal Concerns
The UK government's December borrowing hit a four-year high of £17.8 billion, exceeding expectations and raising concerns about the Chancellor's fiscal rules amid increased debt interest and spending.
Progress
48% Bias Score
BrewDog Founder Launches £2 Million Reality Show Amid UK Business Climate Concerns
James Watt, BrewDog founder, blames the UK's challenging business environment on the autumn Budget, launching a reality show, "House of Unicorns," with a £2 million prize to support entrepreneurs and counter this trend.
BrewDog Founder Launches £2 Million Reality Show Amid UK Business Climate Concerns
James Watt, BrewDog founder, blames the UK's challenging business environment on the autumn Budget, launching a reality show, "House of Unicorns," with a £2 million prize to support entrepreneurs and counter this trend.
Progress
40% Bias Score
Lloyds Predicts Three U.K. Interest Rate Cuts in 2025
Lloyds Banking Group CEO Charlie Nunn predicts three Bank of England interest rate cuts in 2025, reflecting market expectations and potentially impacting the U.K. mortgage market; this comes amid a backdrop of global economic slowdown and regulatory actions against the bank for mis-sold auto loans.
Lloyds Predicts Three U.K. Interest Rate Cuts in 2025
Lloyds Banking Group CEO Charlie Nunn predicts three Bank of England interest rate cuts in 2025, reflecting market expectations and potentially impacting the U.K. mortgage market; this comes amid a backdrop of global economic slowdown and regulatory actions against the bank for mis-sold auto loans.
Progress
32% Bias Score
£1 Billion NIC Increase Threatens UK Hospitality Jobs
The UK hospitality industry will face an extra £1 billion in employer national insurance contributions from April, affecting 774,000 workers and threatening jobs due to rising costs, prompting calls for government intervention.
£1 Billion NIC Increase Threatens UK Hospitality Jobs
The UK hospitality industry will face an extra £1 billion in employer national insurance contributions from April, affecting 774,000 workers and threatening jobs due to rising costs, prompting calls for government intervention.
Progress
52% Bias Score