Weekend Reading: Scottish Mortgage’s Bumpy Ride
Scottish Mortgage Investment Trust (SMT) announced a series of share issuances over the past week, raising fresh capital from the market. The trust sold new shares multiple times, injecting additional funds into its portfolio. This aggressive capital‑raising move aims to support growth initiatives and enhance diversification. The activity comes as the trust seeks to position itself amid evolving market dynamics and investor demand.
Weekend Reading: National Scandal
National Savings & Investments (NS&I) announced the resignation of chief executive Dax Harkins after a high‑profile bereavement‑claim scandal. Administrative errors delayed payouts for families, affecting premium bonds worth up to £476 million (≈$595 million). Around 24 million customers hold roughly £240 billion (≈$300 billion) in...