Mutual life and pensions firm Royal London has reported higher profits in the first half of the year despite a “challenging” backdrop, as the company’s chief executive called on the UK government to plan for life after Brexit.
Inverleith LLP, the Edinburgh-based private equity outfit, has added to its burgeoning consumer goods portfolio by taking a majority stake in a food and drink brand that makes products from hemp seed.
Shares in Esure have raced ahead after the motor and home insurer revealed that it was in advanced talks over a possible £1.2 billion takeover by private equity firm Bain Capital.
Scots financial giant Standard Life Aberdeen has brought forward plans to return £1.75 billion to shareholders, saying the first tranche of its share buyback programme would commence “in the next few days”.
HSBC has reported solid first-half profits as it reaps the rewards of its global network and digital investment, though analysts highlighted a number of headwinds facing Britain’s biggest bank.
Accountancy and business advisory firm Anderson Anderson & Brown (AAB) has announced a sharp rise in assets under advice at its financial planning arm after a period of “sustained” growth.
The Bank of England has increased interest rates to their highest level for nearly 10 years after the summer heatwave helped the economy bounce back from a snow-hit start to the year.
Nucleus Financial Group, the recently floated fintech business, has confirmed that assets under administration have pushed above £14 billion with further growth in the pipeline.
Julius Baer International has joined industry body Scottish Financial Enterprise (SFE) as the Swiss private bank establishes its new regional headquarters in Edinburgh.
Ray Entwistle, one of the financial sector’s highest profile players and the former head of Adam & Company, is to step down from the board of Hampden & Co, the Edinburgh-headquartered private bank.
Bank of Scotland owner Lloyds Banking Group has delivered a hike in half-year profits despite its bill for payment protection insurance (PPI) claims jumping by a further £550 million.
Royal Bank of Scotland and its senior managers will not face disciplinary action over the treatment of small firms in its controversial global restructuring group, the City regulator has confirmed.
The Bank of England will decide whether to hike interest rates to their highest level for more than nine years next week as economists predict a “close call” decision.
