News

Andrew Bailey has warned that British businesses are cutting costs and eating into their profit margins to cover rising energy costs. The Governor of the Bank of England said many businesses were reducing their headcount to avoid passing higher energy costs on to their customers.

Chancellor John Healey is set to increase taxes on Britain’s banks to help plug a hole in the UK Government’s finances caused by rising borrowing costs. Mr Healey is considering options for raising more revenue from Britain’s financial institutions ahead of the Budget on 28 October

Accountancy and business advisory firm BDO has appointed Angela Banerjee as a tax director specialising in R&D tax relief. She has more than  15 years’ experience across a number of advisory firms as well as expertise in advising innovative businesses on the patent box regime, where p

The UK Government has announced Edinburgh will host the G20's annual finance meeting next summer. Central bank governors and finance meetings will meet at the Edinburgh International Conference Centre on July 8 and July 9, as part of a series of events around the G20 Leaders' Summit in Manchester in

Gulf International Bank is set to cut 15 roles across its business after shutting down its loss making fund business. The decision to close its active funds business from the Bahrain-headquartered firm follows a strategic review carried out by the bank earlier in the year.

Premier Miton’s assets under management (AuM) fell from £10.3bn to £8.1bn in the year to 30 September 2026, after net outflows of £428m in its fourth quarter. The AIM-listed group said £102m of the quarterly decline came from investment and market performance, from AuM

Jupiter Fund Management’s assets under management rose 3% to a record £75.9bn in the three months to 30 September 2026, as net inflows of £700m extended its “positive momentum” in client demand from the first half of the year. The third-quarter inflows took year-to-date

Seraphim Space Investment Trust’s net asset value (NAV) per ordinary share more than doubled to 240.49p in the year to 30 June 2026, helping narrow its discount from 27.8% to 21.9%, as defence demand and major funding rounds lifted its portfolio. The gains were heavily concentrated in one comp

Investors are not abandoning sustainability but looking beyond labels to governance, resilience and long-term value, Aberdeen Investments has found in a new report that expects governance to become the dominant ESG differentiator by 2030. The company wrote a report titled 'The Age of Grounded Sustai

Edinburgh investment and development business Ediston has announced a funding partnership with a Singapore investor to help tackle the shortage of housing in Scotland. The partnership with 42 Capital Partners will be marked at a signing ceremony at the British High Commission in Singapore and will c

Benson Accountants has appointed Dan Thompson as managing associate. Mr Thompson is expected to bring significant corporate, commercial and financial leadership experience to the growing accountancy practice. The appointment forms part of Benson Accountants' wider strategy to strengthen its leadersh

Accountancy and advisory firm MHA has hired 18 trainees spread across its audit, tax, and accounts and business advisory services. The new intake will be based at their offices in Edinburgh and Aberdeen, made out of 15 graduates, school leavers, placement students. In addition, three interns were gi

  Residents in Glasgow and Sheffield were found to be the least confident cities about their pension savings in the UK, according to new research.

A new report has found that the British Business Bank's Investment Fund for Scotland (IFS) is helping to improve access to finance for smaller businesses across the country, supporting ambitious firms to grow, innovate and scale.  The ‘Early Assessment Report’ undertaken by an indep

The International Monetary Fund (IMF) has praised the UK Government for taking "decisive measures to cut future spending and raise taxes as it urged ministers to "stay the course" ahead of its upcoming Budget. Kristaline Georgieva, the institution's managing director, claimed Britain's budget defici