News

Foresight Solar Fund has announced plans to upgrade nine solar and battery storage assets, which could add up to £2.5million in revenue each year and strengthen investors' dividend cover. It is undertaking to update nine of UK solar plants and utility battery energy storage systems (BESS), spa

Specialist international reinsurance broker Willis Re has agreed to buy BMS Groups' US reinsurance division. The broker is hoping the deal will allow it to sharpen the focus of its global reinsurance business as it snaps up BMS Re US, BMS Intermediaries, BMS Capital Advisory and its reinsurance brok

The Association of Chartered Certified Accountants (ACCA) has called on HMRC to explain why it needs more powers to deal with taxpayers and advisers who are fraudulent and dishonest. Responding to a consultation by the UK tax authority on introducing a criminal offence by making reckless untrue stat

Barclays has hired one of Bank of America's most senior bankers as part of a shake-up of its investment bank team to compete with larger Wall Street rivals. The UK lender has hired Mike Joo to serve as co-chief executive at its investment bank, while Adeel Khan will be promoted to co-chief executive

Aviva's UK and Ireland general insurance chief executive Jason Storah has avoided answering questions around the impact of its Artificial Intelligence (AI) investment on the workforce as it continues to adopt the technology. Mr Storah acknowledged that the firm was exploring "how many people do we n

Nationwide Building Society is planning to resell its Core Capital Deferred shares with aggregate proceeds of up to £100m. Bank of America, Citi, Jefferies and UBS Investment Bank have been mandated as joint lead managers for the transaction. The resale represents around 778,000 shares based o

Edinburgh Airport chairman Sir John Elvidge called on the Scottish Government to "take action" to ensure the Scottish National Investment Bank (SNIB) becomes a "permanent feature" of the Scottish financial landscape" in a new report. Sir John urged for the government to collaborate with the UK gover

FRP Advisory has called on businesses to address difficult decisions now, warning that slow decision-making is costing the UK economy £13.7bn annually. Michelle Elliot, a restructuring advisory partner at FRP, explained that many businesses are running on "limited financial headroom" due to hi

Aberdeen Asian Income Fund (AAIF) has enjoyed a strong start to 2026 delivering a 28% total return on net asset value (NAV) in the six months to the end of June and producing a 30.9% total return on its share price. The fund's NAV is ahead of the 25.7% return from the MSCI AC Asia Pacific ex Japan I

Former NatWest chairman and financial regulator Sir Howard Davies has launched a scathing attack on the UK's banking framework, claiming that post financial crisis ring-fencing was a "completely useless regulatory intervention" that has "emasculated UK investment banking." Speaking as ministers weig

JPMorgan Chase chief executive Jamie Dimon has warned Chancellor of the Exchequer John Healey against creating a more hostile tax environment for banks. The Wall Street executive urged the UK Government to re-consider its plans to increase taxes on banks ahead of a major pre-Budget lobbying campaign

Aberdeen Investments has announced the acquisition of six modern residential properties in central Tokyo in partnership with Weave Living. The asset manager teamed up with the Asia-Pacific rental accommodation provider to expand its Japanese real estate footprint betting on the country's digital nom

SSE has "expanded its global financing strategy" by entering the Australian bond market for the first time, selling (£520m) of Green "Kangaroo" Bonds. Australian-dollar Kangaroo Bonds are issued in Australian markets by overseas firms and today’s was in two tranches: A$600m 5-year green

Henderson Loggie has been appointed as the administrator of DJ Mackay & Partners after it fell into administration following financial difficulties. Shona Campbell, head of business recovery  and insolvency at Henderson Loggie was appointed on August 14, confirming the process of transferri

Baillie Gifford has highlighted a growing structural shift across global capital markets, noting that the world's most innovative technology companies are staying private for longer to capture the bulk of their value growth before listing. Lucie Majstrova, an investment specialist in Baillie Gifford