The board of the £300m Schroder UK Growth fund, which is set to be taken over by Baillie Gifford, could face 23% of its shareholders selling their positions as they sit in the Schroders ISA Saving Scheme that may no longer be able to hold the trust's shares.
In an update to the London Stock Exchange this morning, the board provided an update on the transition of the investment management arrangements from Schroders to Baillie Gifford as previously announced...
The US dollar is close to peaking and the risks now seem to be on the downside.
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