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Budget 2026: Goodbye to Lifetime ISAs as Healey appeals to savers, new investors and first-time buyers with four reforms

The government announced a flurry of ISA initiatives which, while doing nothing to simplify the rules around individual savings accounts, allowed the chancellor to claim he was helping savers. In a u-turn that frustrated some ISA providers that had prepared for a cut in the cash ISA allowance announced by his predecessor Rachel Reeves a […]

Today

Budget 2026: OBR gives chancellor narrow “breathing space” with highly uncertain £15bn surplus forecast

The Office for Budget Responsibility (OBR) has given the chancellor his own “breathing space” after forecasting that his budget will be in surplus by £15bn by 2029-30. In his first budget speech, chancellor John Healey announced a string of measures to help those struggling with the costs of living, including a £100 payment for 20m […]

Today

One down, four to go: JEMI, JPMorgan’s other emerging markets trust, generates a 38% return in the AI boom

JPMorgan Emerging Markets Dividend Income (JEMI) has made a good start to its five-year performance review, delivering a 38% investment return in the year to 31 July. This beat the 34.2% return from the MSCI Emerging Markets index and is just the outperformance the £510m trust needs to achieve to avoid holding a 25% tender […]

Today

Morning briefing: Baillie Gifford Japan offers 25% exit in 2029 if trust doesn’t start to outperform; AEW UK REIT says NCP buyer has retained its York site; Molten Ventures adds £10m to buybacks after strong first half

Baillie Gifford Japan (BGFD), the worst performer in its sector over one, three, five and ten years, has introduced a conditional tender offer, offering shareholders a 25% exit in three years’ time if performance does not improve. Up to a quarter of shares in the £688m investment trust will be eligible for repurchase at a […]

27 Oct 2026

Vietnam Opportunity Fund buys Vingroup after “extreme” 350% rise and pauses private equity investments

VinaCapital Vietnam Opportunity Fund (VOF) has followed rival Vietnam Enterprise (VEIL) in buying Vingroup (VIC), the country’s largest conglomerate whose “national champion” status has made it a red-hot favourite with Vietnamese investors. Having baulked at Vingroup’s valuation and leveraged exposure to its fledgling electric vehicle business, fund manager Khanh Vu was caught out when its […]

27 Oct 2026

Morning briefing: Suspended GR1T to sell all its African properties; Primary Health Properties expands USS joint venture; Pantheon International buybacks leap to £161m since June; ex-Eastspring boss Bill Maldonado joins Merchants; HgCapital backs renewable software firm 3E

Grit Real Estate Income Group (GR1T), the pan-African property fund whose shares have been suspended since April, is considering delisting after disclosing two offers to sell all its real estate assets. The £32m company, which floated in 2018, said it had accepted a conditional binding offer for the disposal of its interests in GREA and […]

26 Oct 2026

Literacy Capital says its companies seeing fastest revenue growth in three years as it takes 4.7% hit from Cubo exit

Literacy Capital (BOOK) has confirmed a 4.7% third quarter fall in assets after its shock exit and loss of most of its £24.4m position in flexible officer provider Cubo Work this month. The £22.4m write-down following the discovery of “several issues” at Cubo cut the UK private equity fund’s net asset value (NAV) to £271.1m […]

26 Oct 2026

3IN-backed Future Biogas pays Foresight Environmental £104m for outright ownership of six AD generators

Foresight Environmental Infrastructure (FGEN) has sold its remaining 49% stake in six anaerobic digestion facilities to 3i Infrastructure (3IN) backed Future Biogas for £104m. This follows the sale of a 51% stake to Guildford-based Future Biogas for £68.1m in August 2024. Future Gas was the developer, operator and strategic partner for the AD portfolio which […]

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