News

Legal & General has announced Carolyn Johnson will retire from the board and stand down as a non-executive director from January 1, 2027. Johnson is an experience business leader and board member, previously holding senior roles at AIG, Voya Financial and Protective Life Corporation.

HSBC has launched a new service giving novice investors targeted digital support. The international bank received authorisation from the regulator last month to launch the scheme. It was officially launched on 29 October.

Scottish investment trusts are among investors caught up in Nvidia’s stock price collapse in the wake of the Jensen Huang scandal. FTSE 100 listed Scottish Mortgage Investment Trust and Baillie Gifford US Growth Trust have significant holdings in the chipmaker which has also been a huge suppor

Aviva has recorded a 28% boost in premiums thanks to its home insurance partnership with Nationwide, as its personal lines premiums also soared in the first nine months of 2026 following its acquisition of Direct Line Group. The insurer revealed in a trading update that its commercial revenue fell 5

The British Business Bank (BBB) has committed an additional £40m to Harwood Private Capital to increase the supply of flexible growth capital to smaller businesses across the UK, offering an alternative to traditional lenders and M&A transactions. The investment supports the first close of

Millions of users and businesses, including those in financial services, have been affected by Microsoft’s global outage. Users in as many as 74 countries and territories are unable to access their emails and other programmes, including Microsoft 365, Outlook, Teams and other cloud-based produ

FNZ has outlined plan to "accelerate" its transformation plans, which will see it close many of its offices in Europe and make a number of large job cuts. Interim chief executive Stephen Welch, informed staff of the plans to overhaul its current operating structure in an email this morning, accordin

Two Scottish accountants have taken a senior role at global accountancy body ACCA. Azets director of accounts and business advisory service Graham Parker has been elected to the to the governing body of accountancy body ACCA.

Audit, tax and consulting firm RSM UK has hired Catriona Ingram as tax manager. Ingram is expected to play a pivotal role as the key client contact for tax compliance. She has spent most of her career managing compliance engagements for large multinationals in the oil and gas industry.

Around 42% of Britons are expecting their standard of living to worsen when they retire according to new research by Standard Life. The pension provider found that 63% are worried they have not saved enough for retirement while 45% expect their standard of living to be worse in retirement thatn thei

Scottish businesses have already borrowed up to £240m under the British Business Bank's Growth Guarantee Scheme, as it expands funding to include companies with a turnover of up to £54m, up from £45m. In Scotland, 1,523 businesses have already benefited, with as much as £

The chief executive of banking software supplier SBS says AI agents capable of making live decisions will be available to its UK building society clients by next summer, but warns that institutions’ willingness to hand over control will move more slowly than the technology. Eric Bierry said SB

Closed-end funds are almost absent from the portfolios that UK advisers build for clients, according to new Morningstar research.  The category that includes investment trusts, account for only 0.4% of average holdings in on-platform managed portfolios, while open-ended funds make up 91%.

McHardy Private Wealth is acquiring Thorntons Wealth and is close to buying two more Scottish businesses, it has been revealed. Managing partner Andy Kerr told Daily Business it was expected to expand into Glasgow early in the new year, followed by a deal in the north east in the spring.

A former investment director at the Scottish National Investment Bank has launched an advisory and consulting firm to help “ambitious” UK and European businesses raise funding. Hedley Ventures, founded by Thomas Hudson, will offer start-ups and scale-ups fundraising expertise and "CFO-le