Retail funds up £1.6bn as Brits buy bonds, sell shares
UK savers put £1.6 billion into retail funds in July, according to latest figures published by the Investment Association (IA) — but stock funds experienced outflows…
September 2020
Baillie Gifford US Growth Trust returns 46%
Baillie Gifford US Growth Trust plc said on Thursday its share price and net asset value returned 46.5% and 44.2% respectively for the financial year…
RAF contract secures 300 Leonardo Edinburgh jobs
A £317 million contract to develop the next generation of radar for the Royal Air Force’s Eurofighter Typhoons will sustain hundreds of highly skilled jobs…
SSE fined £2m by Ofgem for capacity disclosure delay
SSE, the Perth-based renewable energy and electricity networks giant, has been fined £2.06 million by UK energy regulator Ofgem for failing to publish “in a…
IWP buys Kilmarnock IFA Gilmour Hamilton
London-based Independent Wealth Planners UK (IWP UK) said on Wednesday it acquired Kilmarnock-based financial planning firm Gilmour Hamilton Wealth Management (GHWM), boosting the company’s existing…
B Gifford trims Tesla stake, vows to invest for years
By Mark McSherry Baillie Gifford, Tesla’s largest outside shareholder, said on Wednesday it has been forced to trim its position in the electric vehicle maker…
AIC slams Morningstar for Scottish Mortgage move
The UK’s Association of Investment Companies (AIC) is taking on the mutual fund analyst giant Morningstar following its downgrade of Baillie Gifford’s Scottish Mortgage Investment…
Sturgeon announces plans for new referendum
Scotland’s First Minister Nicola Sturgeon pledged on Tuesday to publish draft legislation for a new Scottish independence referendum before the Scottish Parliament elections next year….
Macallan owner Edrington appoints Cockburn to board
Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — said on Tuesday that Angus Cockburn will join its…
STV shares up despite 19% revenue fall to £44m
Shares of Glasgow-based media firm STV Group plc rose about 6% on Tuesday despite the firm publishing half year results to June 30 showing its revenue…
FirstGroup shares fall 7% amid emergency measures
Shares of Aberdeen-based bus and rail giant FirstGroup plc fell as much as 7% on Tuesday amid a stock exchange statement from the firm saying…
SSE sells £350m wind farm stake to Greencoat
SSE, the Perth-based renewable energy and electricity networks giant, said on Tuesday it agreed to sell its 25.1% non-operating stake in Walney Offshore Wind Farm…
New Standard Life Aberdeen CEO Bird takes up role
Edinburgh-based investment giant Standard Life Aberdeen plc said on Tuesday that regulatory approvals have been received for the appointment of its new chief executive Stephen…