News

Restructuring, turnaround and insolvency professionals expect artificial intelligence (AI) to reduce administrative burdens, according to new research. The report, The impact of AI in restructuring, turnaround and insolvency practice, by R3 in association with Alph4, reviewed how professionals in th

Chancellor John Healey is facing "sleepless nights" over a growing "inflation monster" due to surging oil prices, rising interest rate expectations and spikes in government gilt yields threatening markets on both sides of the Atlantic ahead of his inaugural Budget. High borrowing costs are expected

AJ Bell has announced a series of governance changes, including two new non-executive directors, three board departures, and a new independent chair of its investment committee. Craig Gentle joins the board as a non-executive director with effect from 1 September 2026, and Steve Langan joins as a no

Schroder Oriental Income Fund (SOI) has appointed Winterflood, a division of Marex Financial, as the company's sole corporate broker and financial adviser with immediate effect, replacing Deutsche Numis. The board confirmed that Winterflood will undertake market purchases of ordinary shares in the c

Financial planning group Ascot Lloyd has consolidated its Glasgow operations to bring its brands under one roof for the first time. The group moved into a newly refurbished office at 145 St Vincent Street from its previous base in Blythswood Square. The letting represents an investment in one centra

Helge Skibeli has announced plans to retire from J.P. Morgan Asset Management in February 2028 following almost four decades in the industry. Mr Skibeli is one of the three portfolio managers responsible for the JPMorgan Global Growth & Income fund (JGGI). He joined JPMorgan in 1990, where he wo

Scottish Oriental Smaller Companies Trust triggers conditional tender offer following "disappointing returns" over the past five years. FSSA Investment Managers, the Asia-based fund manager of the trust, introduced the performance-related conditional tender offer in 2021 linked to the company's inve

John Swinney has promised to advance the Scottish Government's £1.5 billion bond plans, nicknamed 'kilts', to help attract new investment into Scotland, as he unveiled his programme for government. The First Minister pledged to "deliver the investment needed to achieve Scotland’s economi

Tricapital Angels has appointed former joint senior partner and chief investment officer at Baillie Gifford Richard Burns to its board as a non-executive director. The Melrose-based investment syndicate also revealed that investor and ocean technology entrepreneur Mogens Mathieson is taking on an ex

Private non-financial corporations (PNFCs) raised almost no net finance in July, a sharp turn from June's £2.4bn of net repayments, according to a new report. Statistics released by the Bank of England's money and credit report showed that bank lending to businesses, including overdrafts, and

A Budget tax raid on British banks would hand a competitive gift straight to rival global financial centres, according to the chief executive of one of the world’s largest independent financial advisory organisations. Nigel Green of deVere Group urged Chancellor John Healey to dismiss union le

Beeks Financial Cloud has signed a multi-year deal with the Stock Exchange of Thailand (SET). The Glasgow-headquartered company will deploys its exchange cloud platform across the SET market to deliver a "suite of connectivity market data and co-location services within a single managed environment"

Glenstone REIT has urged AIRE shareholders to accept its takeover offer "immediately," warning that those who miss platform deadlines risk losing out on the cash on offer for their shares. Independent shareholder support for the offer has accelerated in recent days, including valid acceptances from

CVC Capital Partners is considering whether to counter Veritas Capital's firm offer to acquire British engineering firm Bodycote in a deal valued at about £1.85bn, including debt. The New York private equity firm is offering to pay 940 pence per share, 932.8p in cash plus 7.2p interim dividend

Accountancy and business advisory firm Johnston Carmichael has appointed its first chief technology officer, a new audit partner and two other senior leaders to strengthen its team across the UK. Tamsyn Weston joins as chief technology officer leading the firm’s strategy across IT, cyber secur