News

Baillie Gifford US Growth Trust shareholders have narrowly rejected a New York hedge fund’s attempt to seize control for a third time.

A senior Scottish banker says Chancellor John Healey’s attack on “pointless paperwork” will help more early stage and scaleup companies to make progress. Mr Healey says his measures aims to cut £800 million worth of red tape that will ease cost pressures on both companies and

Aberdeen Investments has appointed Becky Nichols as Head of Global & Alternative Consultant Partnerships, a new role designed to deepen relationships with the firm's most strategically important global and alternative consultant firms. Having joined the company 16 years ago, she has held a range

Regulators need to get ahead of those who are disrupting the financial markets, according to the head of the industry watchdog. Nikhil Rathi, chief executive of the Financial Conduct Authority, has warned that artificial intelligence has raised the level of risk, with changes in technology sometimes

The British Business Bank has today announced a new partnership with the UK Business Angels Association (UKBAA) to support the launch of its Diverse Angel Syndicate (DAS) programme. The initiative is designed to broaden participation in angel investing and ultimately increase the flow of capital to

Aberdeen Asia Focus, which invests in Asia’s smaller listed companies with long-term growth prospects, said net asset value in the year to the end of July outperformed all its peers over several periods. The strong performance was put down to good stock selection, diversification and disciplin

Liz Airey, chair of Aberdeen UK Smaller Companies Growth Trust, has written to shareholders outlining the case for the merger with JP Morgan UK Small Cap Growth & Income, announced last month. The merger will be implemented via a scheme of reconstruction. Dividends per share increased to 14p, an

Dame Debbie Crosbie, chief executive of Nationwide Building Society, will become the first woman to receive the Chartered Banker Institute’s Lifetime Achievement Award. She is only the fifth recipient of the award, which is conferred in exceptional circumstances on individuals whose careers ha

The adoption of AI to improve efficiencies will see Barclays cut staff numbers by around 5000 by the end of 2026. The bank employed in the region of 93,000 people at the turn of the year, with the cuts affecting around 5% of staff.

The Scottish National Investment Bank has appointed Graeme Sands as its first Chief Portfolio Officer (CPO). Mr Sands (pictured) will lead the bank’s post-investment function, working closely with investee company leadership teams to drive performance and support long-term growth.

Aberdeen Group reported a 4% rise in assets under management to £578.9 billion from the year-end, driven by positive market conditions and acquisitions. In a third quarter update, the interactive investor platform saw strong growth with £2.5bn in net inflows for the quarter, a 32% year-o

The unexpected rise in inflation in September is likely to prompt the Bank of England to increase interest rates next month. According to the Office for National Statistics, inflation jumped 0.4% to 3.5% - higher than expectations.

The UK Government's National Wealth Fund has committed more than £2.8 billion of capital to projects in Scotland, new figures show, accounting for more than a quarter of capital deployed so far. The Fund’s commitments have so far helped to drive a total of £6.6bn of public and priv

River UK Micro Cap (RMMC) has reappointed Liontrust Investment Partners as the company’s investment manager. The company will be co-managed by UK equity fund managers Anthony Cross and Hugh Sergeant, who have more than 60 years’ experience between them.

CBI chief executive Rain Newton-Smith will today urge the Chancellor to avoid adding to the tax burden on the financial services sector, insisting it would be an "own goal for our competitiveness." Ms Newton-Smith will warn that taxes in the UK are already higher than in other global centres and ris