Wealth Management

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

The Association of Investment Companies (AIC) has called on Chancellor John Healey to remove stamp duty by the end of this parliamentary term to unlock growth. Investors must pay 0.5% stamp duty tax to the UK Government when buying UK shares or other chargeable securities, which the AIC warns is mak

UK investors have continued to sell down shares in August, according to the latest Fund Flow Index from Calastone. The largest global funds network revealed that equity funds suffered a net outflow of £315m during August, marking the 14th month of outflows in the last 15 and the fourth consecu

Business consulting and investment firm The Exiteers has acquired a minority stake in Breadalbane Finance. The Scottish commercial brokerage firm has appointed former Scotland Sevens rugby international player James Johnstone as its managing director to lead its next phase of growth.

Molten Ventures has topped the list of best-performing investment trusts since the start of the Iran War, delivering a share price total return of 53.0%, according to Association of Investment Companies (AIC). Biotech Growth trust was the second-best performer, delivered a 38.5% return, followed by

Murray Income Trust has reported a 9.1% increase to its net asset value (NAV) ahead of a 4.7% return from the benchmark since Artemis Investment Management took control of the £924m trust from Aberdeen. The trust reported a net asset value (NAV) return of 15.1% compared to a benchmark return o

Glenstone REIT’s takeover offer for Alternative Income REIT (AIRE) has been declared unconditional. The company said that 50.42% of AIRE's issued ordinary share capital have accepted its 70p per share offer on September 8. 

Aberdein Considine Wealth, trading as AC Wealth, has been acquired by Shackleton Advisers, which will significantly expand its presence in Scotland. The acquisition adds about £800 million in assets under management or advice to Shackleton, taking the total in Scotland to £1.3 billion.&n

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

Partners Group Private Equity has extended the amount of shares it is allocating to a realisation share class from 30% to 40%, warning that the investment vehicle will wind down completely if demand exceeds that figure. The firm made the change following conversations with "significant institutional

Fidelity European Trust has reported a total return on its net asset value of 6.4% against 10.3% for its benchmark, the FTSE World Europe ex UK Index, during the six months to 30 June 2026. The share price fell further behind net asset value (NAV) as the discount to NAV widened over the period. Cont

The portfolio manager of Fidelity European Trust (FEV) Sam Morse has announced plans to retire next October after four decades in the investment industry. Mr Morse joined Fidelity in 1990 as a research analyst before becoming a portfolio manager in 1994 with responsibility for running several retail

Quilter WealthSelect Managed Portfolio Service (MPS) has reduced its passive US exposure in favour of small and mid cap stocks and value, warning of risks from high tech valuations and AI concentration. The £30bn MPS added to the Quilter Investors Europe (ex UK) Equity Income Fund and increase

The chief executive of Royal London Asset Management (RLAM) has announced that he has stepped down after five years in the role. Hans Georgeson took up the top job in 2021 following 10 years as the chief executive of Architas Asset Management, overseeing its growth from a start-up UK business to a 3