News

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

Bank of America has been fined $1.2bn for failing to detect potential money launder and other illegal activity ahead of its quarter three results. The US Treasury Department said the banking giant failed to report more than $5bn in suspicious activity to the government, claiming that $1bn of which p

Brooks Macdonald has recorded a “significant improvement” in its net flows, with inflows of £54m as outflows from its private client business narrowed to £53m. The wealth manager’s net inflows for the three months to 30 September compare with net outflows of £49m

M&G has launched its first long-term asset fund (LTAF), funded through the firm’s £138bn with-profits fund. The M&G Diversified Private Credit Feeder Long-Term Asset Fund will launch with £74m, with 90% of its assets invested into the M&G Diversified Private Credit Fund

Saba Capital Management has taken a fresh position in Neuberger Private Equity (NBPE) and doubled its stake in RTW Biotech London Stock Exchange filings showed the activist investor's position in £562m NBPE hit 5.06% last Tuesday. Saba grew its position through derivatives comprising 1.77% of

Non-audit tax advisory firm WTS UK has appointed Brad Ashton as a partner, joining the firm from RSM. Ashton will be responsible for building its customs and global trade practice.  During his time at RSM, he founded and grew the firm's customs capability over 10 years, helped clients navigate

Trading Central has expanded its range of Undertakings for Collective Investment in Transferable Securities (UCITS) Exchange Traded Funds (ETFs)with two new funds launched through white-label platform HANetf. The Trading Central Quant U.S. 50 Equity Index UCITS ETF (TCQU) and Trading Central Quant G

Scottish crypto firm Zumo has joined forces with cloud-native core banking platform SaaScada to provide UK financial institutions a "ready-built" route into regulated crypto services. Zumo, will handle the crypto side, from custody and trading to Know Your Customer and Anti-Money Laundering checks o