News

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

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

Transactions and other services depend on relationships. A business lunch gives you space to ask another question, explore an idea and find common ground, away from the formal meeting agenda. For professionals meeting in Glasgow, The Superlative Collection brings together a choice of centrally locat

Investors have shared their thoughts on what the US midterm results mean for financial services and markets, after Congress swung in favour of the Democrats. Many investment managers said the results mean “something and nothing at the same time”, pointing to President Donald Trump’

Sandy Begbie has announced his intention to step down as chief executive of Scottish Financial Enterprise by next summer’s AGM. Mr Begbie was appointed CEO of the financial services trade body in October 2020, following a career which included senior roles at Tesco Bank, Aegon, Standard Life,

Clear Bank co-founder has raised £5m for his new dedicated financial and digital infrastructure for the sport economy. SPORTA is aiming to become the UK's first sports bank. It received the the follow-on investment from the Lazaroo-Hood Group.

Private equity investor Aliter Capital has completed the fundraising for a new £50m Annex Fund. The new fund has been created to support the growth of two of its established technology platforms - Technology x People (TXP) and Serbus. TXP is a systems integrator focused on technology consultan

The Bank of England and Prudential Regulation Authority (PRA) are exploring reforms to modernise the credit union sector, focusing on driving growth, digital innovation and improving financial outcomes for members. Credit unions, which are member-owned organisations that typically focus on savings a