Baillie Gifford’s £8 billion Scottish Mortgage Investment Trust achieved a total return on net asset value of 14.6 per cent for the year to March 31. This was ahead of a 10.7 per cent total return on its benchmark, the FTSE All-world Index in sterling terms.
Search: financial focus
Nationwide has announced that it will invest in Scaled Insights, a company that uses behavioural AI to analyse people’s speech in order to communicate with them in language that is most accessible for them. The system analyses over 130 different variables in an individual’s speech p
Scott-Moncrieff, Scotland’s longest established accountancy firm, is to join forces with Campbell Dallas to become part of the fast-growing CogitalGroup. The deal, which is for an undisclosed sum, will see all 16 Scott-Moncrieff partners and 220 staff transfer, creating one of Scotland’s
Incomes from commercial farms in Scotland have gone up in 2017-18, but the latest annual figures show agriculture is still dependent on farm subsidies.
A bid to establish a Global Open Finance Centre of Excellence (GOFCOE) in Edinburgh has reached a major funding milestone. Assessors from the Strength in Places Fund have given "very good feedback" to the Scottish consortium behind the bid, and the application has now moved to the second stage.
Interserve, the a multinational group of support services and construction companies, has been bought out of administration by a consortium of its lenders. The contractor filed for administration on Friday after shareholders voted down a deleveraging plan put forward by
Springfield Properties, which delivers private and affordable housing throughout Scotland, has announced interim results for the six-month period ended 30 November 2018 showing revenue in its private housing and affordable divisions has increased, with profit before tax across it operations soaring
Glasgow-based accountant and business adviser Martin Aitken & Co (MACo) is preparing for further expansion as they record their biggest increase in turnover since the partnership converted to a limited company in 2013. The business posted a 17 per cent increase in turnover to £6m for the y
With just under two months to go until the second gender pay gap reporting deadline on 4 April 2019, only 1,000 or around 10.5 per cent of the total number of organisations expected to submit their data have done so. Analysis by paygaps.com has shown that while some organisations have provided
Shares in Glasgow-based Clydesdale Bank owner CYBG Plc surged 14 per cent today after the lender lifted its forecast for margin growth and reported a rise in lending in a tight UK mortgage market. The 1.4 per cent increase in total loans to to £71.9bn in October-December, the first quarter of
An unprecedented 82,791 UK homeowners released equity from their property wealth during 2018, according to year-end market figures from sector trade body the Equity Release Council.
Edinburgh-based research and development tax relief specialist Jumpstart has announced the appointment of two new business development managers (BDMs) for the South East and South West regions of England. Bristol-based Denise Anstey becomes the company’s first BDM to be serving full time withi
A reduction in grant funding and additional pressures mean the Highland Council is facing a £31.2 million budget gap for 2019-20, the local authority has warned.
Places for People, one of the largest housing associations in the UK, has secured £250 million of new funding with the assistance of HSBC to help deliver its business plan. Announcing the deal, the bank said it understood Places for People’s unique funding approach and agreed to fun
Leonard Curtis Business Solutions Group Stuart Robb and Julien Irving of Leonard Curtis Business Rescue & Recovery Limited have been appointed joint administrators of Red Dog Music Limited.
