Wealth Management

M&G has swung to a £165m loss for the six months of the year, driven by a £325m write-down, due to the Labour government's introduction of a cap on existing ground rent. The insurer and asset manager still managed to beat market expectations. Adjusted operating profit, which excludes

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

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

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

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

Aberdeen Investments will take a £200 million hit at two of its infrastructure funds following the collapse of UK broadband provider Airband. The firm said its Standard Core Infrastructure II SCSp Fund and Aberdeen Standard Core Infrastructure III SCSp Fund were impacted by the administration.

Columbia Threadneedle Private Equity Trust saw its share price discount to Net Asset Value (NAV) widen from 21.2% to 28.9% in the six months to June 30, 2026, driving a 9.3% fall in its share price total return despite NAV holding broadly flat. The company's NAV was £497.0 million, equivalent

Tributes have been paid to "pioneer" Geraldine Maloney as the City and financial services community mourned the loss of "one of its most respected and loved" after she died following a long battle with illness. The Quilter veteran began her career at Foster & Braithwaite in July 1985 as a dealer

Anas Sarwar has pledged his commitment to Scotland's financial services sector following a meeting with BlackRock and other industry leaders in Edinburgh. Lord Sarwar stepped down as leader of the Scottish Labour Party before taking up a seat in the House of Lords, so he could take a job within Andy

Alternative Income Reit (AIRE) has urged its shareholders to vote against Glenstone REIT's offer to take over the company, accusing it of creating "unwarranted uncertainty" about the future of the fund. The board of AIRE launched the scathing attack against its largest shareholder, claiming it has f

Glenstone real estate investment trust (Reit) is in a bidding war with AEW UK over the smallest of the UK generalist property trusts Alternative Income Reit (AIRE), as concerns grow over shareholders facing a future in an unlisted and illiquid trust. Last week, Glenstone, its largest shareholder, ma