News

Seraphim Space Investment Trust (SSIT) has confirmed that space tech start-up ICEYE has closed its €450 million Series F funding round, after clearing the necessary regulatory approvals. The world's first space investment trust said the deal will be reflected in its net asset value (NAV) at 30

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

JPMorgan Chase chief executive Jamie Dimon has reportedly warned Prime Minister Andy Burnham and Chancellor John Healey, against raising taxes on banks in his inaugural budget in October following an in person meeting. The Wall Street boss is understood to have explained to Mr Burnham and Mr Healey

Accountancy firm Azets has appointed Michael Norrie as an associate director in corporate tax, in response to continued growth for tax advice from businesses and private clients across the North East. The firm confirmed it is planning to recruit further tax specialists over the coming year, revealin

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

AJ Bell has called on Chancellor John Healey to commit to pension tax stability to avoid another round of damaging speculation about tax-free cash ahead of the October Budget. The firm shared its Budget submission to the Treasury today, highlighting that a pre-Budget commitment to pension tax s

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. 

Caledonian Holdings has completed the launch of its multi-currency business current account, including a Mastercard world business debit card through its subsidiary Aspire Commerce Group. The AIM quoted investment company said the launch represents a commercial milestone for the company following it

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