(Alliance News) - Activist investor Saba Capital Management LP on Wednesday said it is asking shareholders of Gore Street Energy Storage Fund PLC whether the company should continue as an investment company. Read More
(Alliance News) - Saba Capital Management LP, the largest shareholder in Baillie Gifford US Growth Trust PLC, on Monday issued a resolution notice proposing to elect three new directors to the company's board. Read More
Baillie Gifford US Growth Trust PLC - investment trust managed by Baillie Gifford & Co Ltd that invests in US growth stocks for a minimum of five years - Receives requisition notice from Saba Capital Management LP requesting resolutions at the trust's annual general meeting in September to appoint three new directors of its choosing. The New York-based activist investor has a 29% stake in Baillie Gifford US Growth Trust, and in December last year used its voting power to block a proposed merger of the company with Edinburgh Worldwide Investment Trust PLC, also managed by Baillie Gifford. Read More
(Alliance News) - The FTSE 100 was called slightly higher on Monday, following news of US President Donald Trump's intention to wage a "crushing" financial operation against Iran. Read More
(Alliance News) - London's FTSE 100 was lower on Thursday, underperforming against European peers as index heavyweights went ex-dividend. Read More
(Alliance News) - The FTSE 100 was lower at midday on Tuesday, after a sell-off of technology stocks in the US the day before, and as markets keep an eye on the aftermath of the US and Iran's recent talks in Switzerland. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Tuesday. Read More
(Alliance News) - Scottish Mortgage Investment Trust PLC and Baillie Gifford US Growth Trust PLC on Monday said they had been advised of upwards adjustments in the valuations of holdings in Anthropic, benefiting respective net asset values. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Tuesday. Read More
(Alliance News) - Stock prices in London were lower midday on Thursday, with no clear end in sight for the war in Iran after US President Donald Trump's prime-time White House address. Read More
(Alliance News) - Three London-listed investment trusts late Wednesday upgraded the value of their holdings in SpaceX, after Elon Musk's company was reported to have filed with US regulators for a record-setting IPO. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Thursday. Read More
(Correcting that Saba rejected EWIT's merger proposal with Baillie Gifford US Growth Trust, and not the contrary) Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Tuesday announced it is urging shareholders to vote for a proposal to implement a 100% tender offer, saying that Saba Capital Management LP left it no alternative. Read More
(Alliance News) - Baillie Gifford US Growth Trust PLC on Friday said it believes it is well positioned for future growth as its net asset value grew, though its return was less than the S&P 500 index. Read More
(Alliance News) - Saba Capital Management LP on Monday reiterated that it wants to remove six directors of Edinburgh Worldwide Investment Trust PLC at an upcoming general meeting. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Friday noted an independent adviser's recommendations for its requisitioned general meeting. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Wednesday called for shareholders to vote against Saba Capital Management LP's attempts to replace multiple directors, ahead of its requisitioned general meeting on January 20. Read More
(Alliance News) - Saba Capital Management LP on Monday again called for shareholders of Edinburgh Worldwide Investment Trust PLC to vote in favour of its resolutions ahead of its requisitioned general meeting. Read More
(Alliance News) - The FTSE 100 fell on Tuesday, weighed down by falls in defence and oil stocks, and after mixed economic data in the UK and US. Read More