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Scottish Mortgage Investment Trust manager Tom Slater has revealed that founders of the "brilliant" companies that they back raised concerns over a "shortage of humans". Mr Slater made the comments at the trust's digital conference, responding to questions from shareholders and investors about what

UK Banks have completed their first live transaction with customers using tokenised Sterling deposits, marking a major milestone for payments innovation in the UK. Tokenised deposits are digital representations of traditional commercial bank money. UK Finance, the trade association for the financial

A Scottish insolvency practitioner is urging business owners to consider an potential under-used lifeline to save their business. Christine Convy, director of Dunedin Advisory, who is a Chartered Accountant and licensed insolvency practitioner with more than 25 years’ experience in restructuri

Baillie Gifford US Growth Trust's strategy is at risk from Saba Capital Management's challenge to its board, according to new research from Investec. Research by Investec warned retail shareholders that Saba Capital has failed to offer a "credible alternative", pointing out they are being asked to "

AJ Bell has made three new appointments to strengthen its investments team. Hilary Winn joins AJ Bell in a newly created role as investments director, reporting to AJ Bell Investments managing director Ryan Hughes. She will lead investment strategy and asset allocation across AJ Bell’s multi-a

Baillie Gifford China Growth Trust outperformed its benchmark in the first half of the year, despite falling in absolute terms, as its increasingly concentrated exposure to China's technology sector helped offset weakness elsewhere in the economy. The trust fell 0.9% on a net asset value (NAV) total

The British Business Bank and NatWest (RBS) are investing alongside HSBC and M&G in venture capital firm Phoenix Court. The investment is the latest move to get more capital into promising young businesses.

DigitalBridge and Aberdeen Investments have completed the merger of ZEmobility and VGMobility, creating one of the largest sustainable transportation platforms in Latin America. The merger brings together more than 5,400 buses deployed across Colombia and Chile. ZEmobility, jointly owned by DigitalB

FinTech Scotland has partnered with Tesco Insurance & Money Services to accelerate innovation and collaboration across Scotland’s growing fintech ecosystem. The cluster management organisation said the collaboration with Tesco Insurance will connect the business with leading innovators to

Financial services firms have shut down hundreds of thousands of suspected money mule accounts but need to do more as criminals continue to shift dirty money through multiple bank accounts, according to the Financial Conduct Authority (FCA). The FCA found in a survey that firms have closed

Monzo has launched a new auto-investing cashback credit card following a surge in demand for tools that turn routine money saving habits into long-term financial progress. The fintech claims to have save more than £1.43bn for customers via its automated round-up tool since 2018, with £26

The Society of Pension Professionals (SPP) has warned that millions of self-employed people are being left without a route into pensions. A new paper by the SPP, titled The Missing Millions: Rethinking Pension Policy for the Self-Employed, calls for a fundamental rethink of how the UK helps people w

Freeths has appointed Heather Gibson as a partner in its tax team to strengthen the firm's capabilities in corporate, private equity and real estate taxation. She joins the firm from Addleshaw Goddard, brining nearly 20 years' experience advising clients on the tax aspects of corporate transactions,

Baillie Gifford has concluded its voluntary exit programme, which will see around 160 jobs cut across its UK business. The move was part of a plan to position itself for the future. The asset manager launched the voluntary exit programme in July, following its move to its new Edinburgh office in Hay

Pepper Money has launched in Scotland, describing its role as rehabilitating borrowers who fail high street credit scoring so they can move back to mainstream lenders. The specialist lender opened for business to brokers on Monday at an event at The Exchange in Glasgow, the first of three Scottish s