News

Lower profits and net inflows have been reported by St James’s Place (SJP) for the first half of 2026. The wealth manager’s net inflows fell almost 30% to £2.7bn, down from £3.8bn in the first half of 2025.

Rathbones, the wealth manager, has reported funds under management and administration have grown by 11% to £121 billion in the first half of 2026. The increase comes in the face of a “demanding” six months, according to the firm, which saw net outflows for the period sit at £

Scotland’s onshore GDP grew by 0.6% in the three months to May 2026, compared to the three months to February 2026, according to statistics announced today by the Scottish Government’s chief statistician. In the three months to May, the largest positive contribution to headline GDP growt

Top earners in Scotland could save more than £46,000 in income tax over five years if they commuted to work from England. Wealth manager Rathbones says clients and prospective clients who work in Scotland are increasingly questioning where they should live as the gap between Scottish and rest-

Aberdeen Group, the Edinburgh-based investment manager, has posted a strong first half with its DIY platform, interactive investor, once again the stand out performer, delivering record net inflows. However, there was no news on a permanent chairman to replace acting chair and senior independent dir

Professional services firm EY and a partner at the company have been fined nearly £1.2 million over failures linked to its audit of an online furniture retailer. The Financial Reporting Council (FRC) handed out a £1.197m sanction after the company breached audit rules while dealing with

New figures showing Britain's millionaire population has fallen to its lowest level since the 2008 financial crisis are much more than a London story, with the real cost being felt far beyond the capital and beyond the wealthy individuals themselves, according to Multrees Investor Services. Multrees

Charities and other third sector organisations undertaking property and construction projects are being urged to build VAT planning into their earliest project discussions, as a significant reform to the Capital Goods Scheme (CGS) takes effect tomorrow. From 29 July 2026, the threshold above which l

Over two thirds (68%) of private business owners in Scotland are confident in delivering growth in the second half of 2026, according to KPMG. At the start of 2026, KPMG's annual Private Enterprise Barometer surveyed 1,500 privately owned businesses across the UK, including 119 in Scotland, spanning

Foresight Group, a regional private equity investor, has reported a robust start to 2026, deploying over £43 million across 11 new UK and Ireland businesses while completing three successful exits.

Michelle Elliot and Callum Carmichael of specialist business advisory firm FRP have been appointed as joint administrators of Lanfine Limited.

Some of the UK’s largest pension providers are supporting a £1 billion first-of-its-kind fund dedicated to investing in scaleup businesses.

Hall Morrice has appointed Andrew Walker to the role of partner to work closely with managing partner Robert Bain, the wider partner group and the firm’s leadership team to help shape its strategy, direction and continued development. Andrew will play a leading role in growing Hall Morrice&rsq

New analysis suggesting Scotland’s 48p top rate of income tax may have generated £22m less revenue than expected strengthens the case for an evidence-led assessment of how tax divergence is affecting taxpayer behaviour and Scotland’s competitiveness, according to an accountancy bod

Barclays has reported a 17% rise in first-half ​profit before tax to £6.1 billion, beating analysts’ forecasts and kickstarting what is likely to be a bumper reporting week for the sector.