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Outlook for financial services sector bright despite Brexit

THE financial services heavyweight who chairs 7IM has said the wealth manager is in the market for more acquisitions in Scotland as he underlined his confidence in the prospects for firms in the country. Adrian Grace shrugged off concerns about the potential impact of Brexit claiming Scotland’s strength in industries such as pensions and investment management mean it is well placed to benefit from trends that will have huge significance in coming years. “Scotland has got a place which is very difficult to disrupt,” said Mr Grace, who stood down as chief executive of Edinburgh-based Aegon UK in January last year after running the pensions to investment technology group for a decade. He joined 7IM in September.

McGill wins £1 4m Govanhill Housing Association repairs contract

Scottish building services and all-trades contractor McGill has secured a significant contract with long-standing clients Govanhill Housing Association. McGill has delivered work to support the association’s regeneration project for several years and the contractor will start work on the £1.4m repairs contract to deliver a wide range of trade services, including slating, tiling, fire and security services, TV installation, landscaping, lead and stonework. Govanhill Housing Association is a community-controlled social landlord operating in the Govanhill and Merrylee neighbourhoods of Glasgow. The association owns and manages more than 2,800 homes for social rent and provide factoring services for a further 1,500 privately owned properties.

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