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Insurance broking and risk management firm Caledonia Dallas has hired Rhona Scott from NFU Mutual. Scott joins the firm following nearly 15 years at NFU Mutual's Elgin agency, where she held the position of office manager and developed extensive experience across administration, compliance, customer

Chancellor John Healey faces a £3.5bn borrowing overshoot in August ahead of his inaugural Budget. The government was expected to borrow around £14.8bn in August, according to the OBR, while the market consensus was around £15.6bn. Actual borrowing reached £18.3bn.

City bosses have called on ministers to simplify Britain's "byzantine" tax system, as it raised concerns over a potential tax grab on financial services. Fear is growing within the private sector that Chancellor John Healey is planning to use his inaugural Budget next month to launch another raid.

The chair of Baillie Gifford US Growth Trust has called on retail investors to turn out in force to vote at next month's annual general meeting, warning that a low turnout could see Saba Capital Management take control of the trust. Tom Burnet told Scottish Financial News that retail investors are t

Caledonian Holdings has revealed plans to issue another set of shares to repay part of a loan it received from Yorkville Advisors Global. The AIM-listed firm, which is aiming to build an integrated financial services group, said in a statement that it had raised £644,147 through the sale of 41

Partners Group Private Equity (PGPE) has revealed that its net asset value per share rose by 0.1% in July, as a 0.3% gain in portfolio revaluations was almost entirely cancelled out by a 0.3% currency loss, suggesting the underlying business barely moved. Separately, PGPE received EUR 4.7 million in

Aberdeen Group has appointed Torbjörn Magnusson to its board as a non-executive director and chair-designate. The appointment, which is effective immediately, will see Mr Magnusson take over from interim chair Jonathan Asquith, who stepped in after Sir Douglas left the role following the AGM in

Andrew Bailey has warned that populist political movements pose a "serious challenge" to the Bank of England's independence, cautioning that institutions seen to stand in the way of popular will risk being branded an "unrepresentative elite." The Governor of the Bank of England was speaking at the L

AJ Bell has announced a series of governance changes, including two new non-executive directors, three board departures, and a new independent chair of its investment committee. Craig Gentle joins the board as a non-executive director with effect from 1 September 2026, and Steve Langan joins as a no

Financial planning group Ascot Lloyd has consolidated its Glasgow operations to bring its brands under one roof for the first time. The group moved into a newly refurbished office at 145 St Vincent Street from its previous base in Blythswood Square. The letting represents an investment in one centra

Parents are sacrificing their own pension pots and investments to afford private school fees, according to new research by Rathbones. The wealth and asset management group revealed in a report that parents are increasingly funding private education at the expense of their own long-term financial sec

Aberdeen Investments will take a £200 million hit at two of its infrastructure funds following the collapse of UK broadband provider Airband. The firm said its Standard Core Infrastructure II SCSp Fund and Aberdeen Standard Core Infrastructure III SCSp Fund were impacted by the administration.

Bankers and lawyers have been asked by the Treasury to share feelgood stories about how they blocked dirty money from entering the UK, as ministers try to prove the government's money-laundering controls are working. Officials from The Treasury are hoping to illustrate the UK has improved when it co

The Governor of the Bank of England Andrew Bailey has warned of a severe downturn in global stock markets if the AI bubble bursts. Mr Bailey sent a two-page letter to G20 finance ministers and central bank governors as part of his role as chair of the International Financial Stability Board (FSB), r

Allica Bank has applied for a banking licence in Sweden, its first expansion outside the UK, and hired a new executive team to lead the push into a market that could eventually give it access across the EU. The fast-growing digital business bank confirmed it has made an application for authorisation