FCA: most fund managers failing value test
The UK’s Financial Conduct Authority (FCA) said on Tuesday that a review of 18 fund managers between July 2020 and May 2021, covering different business models…
July 2021
Alliance Trust £645m reserve final hearing set
Alliance Trust plc, the £3 billion Dundee investment trust company which uses external fund managers Willis Towers Watson (WTW), said on Tuesday that the final hearing…
Scottish Chambers report ‘growth in all sectors’
The Scottish Chambers of Commerce (SCC) said on Tuesday that businesses in Scotland can see the first shoots of recovery for the first time in…
Ineos invests in IPO of HydrogenOne Capital Growth
Ineos Energy announced it has agreed to buy 25 million shares in the forthcoming IPO of HydrogenOne Capital Growth plc, representing 10% of the target…
Standard Life Aberdeen officially rebrands as abrdn
Edinburgh-based investment giant Standard Life Aberdeen announced on Monday that it has been officially renamed abrdn plc. The company’s stock market ticker was changed from…
Health Boards get extra £380m for pandemic costs
The Scottish Government said on Friday that an additional £380 million is being allocated to Health Boards to help with costs arising from the pandemic….
Wood says Foster Wheeler bribery case ‘resolved’
Aberdeen-based John Wood Group plc confirmed on Friday that Amec Foster Wheeler Energy Limited (AFWEL) has entered into a Deferred Prosecution Agreement (DPA) with the…
PwC says UK’s corporate DB pensions ‘in surplus’
The funding status of the UK’s 5,300 corporate defined benefit (DB) pension schemes continues to show that schemes are, on average, in a clear surplus…
Scotgold aims for July gold concentrate shipment
Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, said on Friday it is aiming for its second shipment of gold concentrate from…
Scottish Sea Farms buys £164m Grieg Shetland unit
Norwegian-owned Scottish Sea Farms has agreed to acquire Shetland and Skye-based Grieg Seafood Hjaltland UK from its Norwegian parent Grieg Seafood ASA for £164 million. Stirling-based…
Springfield, new town builder, hits record £215m
Shares of Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, rose about 4% on Thursday as it published a trading update for…
SSE unit in £4bn power networks investment
Scottish and Southern Electricity Networks (SSEN) Distribution, a wholly owned subsidiary of SSE Plc, has published a £4.1 billion draft business plan for 2023 to 2028,…
David Murray hands over to sons; turnover at £100m
Murray Capital Group has filed accounts for the 18-month period ending June 30, 2020, showing turnover from continued operations of £100.1 million — as ownership of…
Gilbert’s AssetCo buys stake in Parmenion Capital
Martin Gilbert’s investment firm AssetCo plc said on Thursday it reached agreement with Preservation Capital Partners Limited to acquire a 30% equity interest in Parmenion Capital…