News

Andrew Bailey has claimed forging closer ties with the EU would boost growth as he backs the Prime Minister's plans. The Governor of the Bank of England stressed he remained politically neutral on Brexit before highlighting that less friction with nearby trade partners would inevitably help the econ

Aberdeen Investments has launched the Macro Opportunities Fund, designed to help investors diversify portfolios and navigate increasingly complex market conditions. The strategy is launching with $110m in assets under management and led by Maximilien Macmillan, head of macro investments, multi-asset

  Hastings Direct has announced plans to hire more than 500 people across a range of business areas over the next 12 months.

Shareholders in Scottish Mortgage Investment Trust have cashed in on its early support for SpaceX following the US tech firm’s mammoth flotation in the summer. The FTSE 100 trust, managed by Baillie Gifford, took advantage for profit taking when the window opened for the sale of shares. It cur

AAB has acquired financial delivery firm Abacai, which provides outsourced finance and accounting support to fast-growing consumer brands across e-commerce, retail and wholesale sectors. Abacai will join the office of the chief financial team at AAB, providing targeted support across operationa

Morgan Stanley and JPMorganChase were among the winners at this year’s Scotland Women in Technology Awards. Boluwatife Omosowon, a software engineer at JPMorganChase, took home the Rising Star Award, while Nicolette Robinson, an executive director at Morgan Stanley, won the Female Innovator Aw

Columbia Threadneedle Investments' Andrew Carnwath has warned that private equity is splitting in two, and that managers caught in between are coming under pressure. The firm’s head of private equity was speaking about the future of private markets at the Investment Association’s Scotlan

The Secretary of State for Scotland Douglas Alexander has claimed Scotland's financial services remains “scarred” by the financial crash, as he called for renewed confidence in the industry and greater collaboration between government and business to drive economic growth. Mr Alexander t

The Bank of England has raised the cost of borrowing, as forecast, by 0.25 percentage points to 4%, the first rise in three years. The decision by the nine-member monetary policy committee was unanimous and financial markets are still pricing in three further rate hikes by the end of next year.

Senior figures from BlackRock, Aegon Asset Management, Aberdeen Investments and Aberforth Partners have said Scotland’s 700-year financial heritage is no longer enough on its own to stay competitive and grow the sector. Investors heard from Sandra Boss, UK chair at BlackRock, Aegon chief execu

Archangels has appointed Andrew Sealey, son of the investment syndicate’s founder, the late Barry Sealey, as chair of its board.  Mr Sealey has been an Archangels investor since the syndicate was established in 1992 and on its board since 2021. He takes over from Ian Macleod who has been

HgCapital Trust's net asset value (NAV) has risen for the second straight quarter as portfolio trading outweighs software sell-off. The trust, which gives investors access to a portfolio of unquoted European technology companies managed by Hg, said NAV per share stood at 539.1p at 30 September 2026,

Prudential Funding (Asia) grew its new business profit in the third quarter of 2026 to $709m up 1% for the same period, leading to an increase in the total new business profit for the year of $2.09bn, up 6%. the year-to-date. The Asia and Africa life and health insurer reported an increase on qualit

M&G has reported a seventh consecutive quarter of growth, with third-quarter net inflows from open business of £1.8bn, including £700m from asset management, taking the 2026 total to £4.2bn. Life delivered £1.1bn of open-business inflows in the third quarter with the publ

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