News

Baillie Gifford China Growth Trust outperformed its benchmark in the first half of the year, despite falling in absolute terms, as its increasingly concentrated exposure to China's technology sector helped offset weakness elsewhere in the economy. The trust fell 0.9% on a net asset value (NAV) total

The British Business Bank and NatWest (RBS) are investing alongside HSBC and M&G in venture capital firm Phoenix Court. The investment is the latest move to get more capital into promising young businesses.

DigitalBridge and Aberdeen Investments have completed the merger of ZEmobility and VGMobility, creating one of the largest sustainable transportation platforms in Latin America. The merger brings together more than 5,400 buses deployed across Colombia and Chile. ZEmobility, jointly owned by DigitalB

FinTech Scotland has partnered with Tesco Insurance & Money Services to accelerate innovation and collaboration across Scotland’s growing fintech ecosystem. The cluster management organisation said the collaboration with Tesco Insurance will connect the business with leading innovators to

Financial services firms have shut down hundreds of thousands of suspected money mule accounts but need to do more as criminals continue to shift dirty money through multiple bank accounts, according to the Financial Conduct Authority (FCA). The FCA found in a survey that firms have closed

Monzo has launched a new auto-investing cashback credit card following a surge in demand for tools that turn routine money saving habits into long-term financial progress. The fintech claims to have save more than £1.43bn for customers via its automated round-up tool since 2018, with £26

The Society of Pension Professionals (SPP) has warned that millions of self-employed people are being left without a route into pensions. A new paper by the SPP, titled The Missing Millions: Rethinking Pension Policy for the Self-Employed, calls for a fundamental rethink of how the UK helps people w

Freeths has appointed Heather Gibson as a partner in its tax team to strengthen the firm's capabilities in corporate, private equity and real estate taxation. She joins the firm from Addleshaw Goddard, brining nearly 20 years' experience advising clients on the tax aspects of corporate transactions,

Baillie Gifford has concluded its voluntary exit programme, which will see around 160 jobs cut across its UK business. The move was part of a plan to position itself for the future. The asset manager launched the voluntary exit programme in July, following its move to its new Edinburgh office in Hay

Pepper Money has launched in Scotland, describing its role as rehabilitating borrowers who fail high street credit scoring so they can move back to mainstream lenders. The specialist lender opened for business to brokers on Monday at an event at The Exchange in Glasgow, the first of three Scottish s

Private equity firms Warburg Pincus and Clayton Dubliner & Rice (CD&R) are in advanced talks to buy Canaccord Wealth. The firms are discussing a joint takeover of Canaccord Genuity's British Wealth arm and have emerged as the leading bidder as part of an auction process launched by the group

Schroders and Nuveen have confirmed that all antitrust and regulatory conditions attached to the £9.9bn takeover have been waived or satisfied, clearing the way for the deal to complete by the end of September. In a statement, Nuveen has received regulatory approval to acquire Schroders, with

Baillie Gifford's Pacific Horizon Investment Trust  has exceeded the MSCI All Country Asia ex Japan Index benchmark with a share price total return of 63.3% for the year to July 31,2026. The trust which  manages assets of £955.56m reported a net asset value (NAV) per share total retu

Nigel Green has claimed that the UK could be “Truss’d” in a stark warning as gilt yields surge, drawing comparisons with the market turmoil that followed Liz Truss’s mini-budget in 2022. The chief executive of deVere Group, one of the world’s largest independent financi

Insurance broking and risk management firm Caledonia Dallas has hired Rhona Scott from NFU Mutual. Scott joins the firm following nearly 15 years at NFU Mutual's Elgin agency, where she held the position of office manager and developed extensive experience across administration, compliance, customer