Aberdeen assets fall £40bn in past year
Fund manager Aberdeen Asset Management, which specializes in emerging markets and Asia, said its assets under management fell from roughly £324 billion to £284 billion in the…
Fund manager Aberdeen Asset Management, which specializes in emerging markets and Asia, said its assets under management fell from roughly £324 billion to £284 billion in the…
Dundee-based investment firm Alliance Trust, under pressure from US activist shareholder Elliott Advisors to restructure, said on Friday that its chair Karin Forseke (above) will leave her post on…
Edinburgh-based airport cargo handling and news distribution company John Menzies has warned shareholders it now expects full year earnings to be £2 million below previous expectations due partly…
Interest rates “must go up because they (artificially low rates) are distorting so much” said Hugh Young, managing director of Aberdeen Asset Management Asia. “I mean, it’s not…
Edinburgh-based fund giant Standard Life Investments, a shareholder in HSBC, would support the global bank if it decided to move its headquarters away from London…
The report into the collapse of HBOS has recommended that regulators should consider whether former bosses at the bank should be banned from the finance industry. The review also concluded…
The UK’s Financial Conduct Authority (FCA) is to investigate whether Britain’s $10 trillion (£6.6 trillion) asset management industry delivers value for money for investors. The FCA said…
Royal Bank of Scotland has offered to buy back up to $6.4 billion of bonds — effectively paying off debt — as it seeks to cut its…
The UK government has sold $20 billion (£13 billion) of former Northern Rock mortgages and loans to US private equity firm Cerberus in the largest ever…
Edinburgh-based fantasy sports operator FanDuel looks set to legally challenge a “cease-and-desist letter” from New York attorney general Eric Schneiderman that has ordered it to stop accepting bets in New York State….
Perth-based energy giant SSE said adjusted pretax profit rose 48.2% to £548.8 million for the six months to September 30 amid windy and wet weather…
Standard Life has said there “are no current plans” for its chairman Gerry Grimstone to leave the Edinburgh-based investment giant despite the news that Grimstone is joining…
By Mark McSherry Scottish Mortgage Investment Trust’s latest results show a big increase in its stakes in companies not listed on the stock market and reveal…
Scotch Whisky exports totalled £1.7 billion in the first half of 2015 as the decline of recent years slowed significantly. Scotch exports to Brazil, India and Russia…
The strong pound — which can make Scottish exports more expensive — and the weak oil price have combined with other factors to lead to…