News

HgCapital Trust has reported a decrease of 4.9% in its net asset value (NAV) to 530.7 pence per share, despite a strong first half for 2026 across its portfolio. The firm reported net assets of £2.4bn, with its share price seeing a sharp decline of 24.9% on a total return basis, and market cap

YFM Equity Partners has appointed Oliver McRae as investment director in its Yorkshire team.  

More than £1bn in inheritance tax was paid by the estates of wealthy families who put off gifting until it was too late, new figures show. Data obtained by financial advice firm, NFU Mutual, showed that more than 5,000 estates paid in excess of £1bn in IHT on lifetime gifts in the tax ye

Greencoat Renewables' return to profit has been undermined by the shortfall in wind production and shares trading at a 24% discount to net asset value (NAV). Profit after tax for the period running to the end of June 2026 increased to €11.9m following a loss of €68m for the same period las

Mirabaud Asset Management has hired former Aviva Investors duo Giles Parkinson and Will Ballard to launch their new global equity strategy. Mr Parkinson spent five years working as head of equities at Trinity Bridge before that, he worked alongside Mr Ballard at Aviva Investors, where he was a portf

Aberdeen Investments has told Chancellor John Healey the UK risks falling further behind Asia on retail investing unless he acts in October's Budget. Research by the firm found that Japanese households now hold 9% of their wealth in equities and mutual funds outside pensions, compared with just 8% i

Aberdeen Investments has launched a new fund to complement similar existing World, American and European Equity Enhanced Index strategies within its Luxembourg-domiciled SICAV vehicle, which was launched earlier in the year. The fund, abrdn SICAV I - Emerging Markets Equity Enhanced Index Fund, is h

Female representation in fund management has declined globally for the first time, even as the money entrusted to women in the sector climbed to £5trillion, according to a new report. It revealed that the number of active female fund managers dropped from 2,371 globally in 2025 to 2,283 this y

Dains Accountants has appointed David MacCallum as an audit partner and responsible individual to help its clients across Scotland. Mr MacCallum joined Dains from Azets, where he was audit director and responsible individual, bringing experience working with owner-managed and private equity-backed b

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

Aviva has appointed Amanda Thomson as branch manager for Scotland and Northern Ireland. She will be responsible for overseeing trading across the entire Northern Ireland and Scotland region, leading a team of more than 50 underwriters based at Aviva's offices in Glasgow and Belfast. 

The UK economy grew by 0.4% in July, faster than analysts’ expectations, and offering some relief to battered markets. Some economists had predicted no growth and the latest figure builds on growth of 0.3% in June and zero growth in May.

Seraphim Space Investment Trust (SSIT) has confirmed that space tech start-up ICEYE has closed its €450 million Series F funding round, after clearing the necessary regulatory approvals. The world's first space investment trust said the deal will be reflected in its net asset value (NAV) at 30

The European Central Bank (ECB) has raised its key interest rate by 25 basis points following price pressures triggered by the conflict in the Middle East, predicting inflation will remain "well above target" for an extended period. The ECB's Governing Council voted on Thursday to raise all three of

Baillie Gifford, Aberdeen Group and BlackRock lead the pack with multiple nominations at this year's Scottish Financial Services Awards shortlist, which has just been revealed. The flagship industry celebration recognises the contribution that both firms and their people have made to the financial s