Abrdn takes punt on Finimize, millennial news platform
Edinburgh-based investment giant Abrdn said on Friday it has acquired the “investing insights” and personal finance news platform Finimize. Finimize CEO Max Rofagha will join…
Edinburgh-based investment giant Abrdn said on Friday it has acquired the “investing insights” and personal finance news platform Finimize. Finimize CEO Max Rofagha will join…
NatWest-RBS said on Friday its operating profit before tax more than tripled to £1.074 billion in the third quarter and total income rose 14.5% to £2.77 billion. However,…
Scottish Enterprise said on Thursday that income generated by its equity and debt investments was £56 million during the last financial year – a record…
Scottish craft brewer BrewDog announced it will create a 26,500 sq ft global flagship venue as the centre piece of the rejuvenated Waterloo Station in London. The…
Scottish business and finance groups were quick to react to the UK budget statement on Wednesday, with most of them of the opinion that more…
The University of Glasgow contributes more than £4 billion to the UK economy, according to a new study by London Economics. The “World Changing Glasgow:…
Aberdeen-based transport firm FirstGroup plc has launched its proposed return of up to £500 million to its shareholders via a tender offer at 105p per…
River and Mercantile Group’s chief executive James Barham will move to Schroders as part of its purchase of R&M’s fiduciary arm Solutions for an enterprise value of…
The Scottish Government “will no longer support unlimited recovery of hydrocarbons including oil and gas,” according to First Minister Nicola Sturgeon. The Scottish Government and…
UK dividends soared to £34.9 billion in the third quarter of 2021, up 89.2% year-on-year on a headline basis, boosted the mining boom and very large…
Anderson Anderson & Brown (AAB) has announced a significant investment from London-based August Equity to speed up its growth plans and help realise its strategic…
Scottish Financial Enterprise (SFE) said it has appointed two new non-executive board members — Mike Tumilty of abrdn and Louisa Knox of Shepherd and Wedderburn —…
(Updates with Monday statement from Co-operative Bank) Spain’s Banco Sabadell confirmed at the weekend that its board has rejected an audacious offer for its subsidiary TSB Bank…
Highlands and Islands Enterprise announced that Stuart Black has been appointed its next chief executive. Black, who will take up the post in January 2022,…
Supermarket firm Sainsbury’s said on Friday it had ended talks on selling its Edinburgh-based Sainsbury’s Bank unit after deciding that approaches it received in November…
European Professional Club Rugby (EPCR), organiser of the Heineken Champions Cup and EPCR Challenge Cup tournaments, said it has appointed Dominic McKay as a non-executive director…
Standard Life, part of Phoenix Group, has concluded a £130 million bulk purchase annuity transaction covering all pensioner and deferred members of the PerkinElmer (UK)…
Glasgow-based DeepMatter Group plc, the AIM-listed company focusing on digitizing chemistry, said it has signed a trials agreement with Aurigene Pharmaceutical Services Limited in Hyderabad, India, to…
UK government borrowing for the first six months of its fiscal year reached £108.1 billion by the end of September 2021, the second highest year-to-September borrowing…
Aberdeen-based global engineering and consulting group Wood plc announced it has signed a new $1.2 billion, five-year committed sustainable revolving credit facility (RCF) with a group…
FirstGroup has launched Lumo, its new 100% electric and “affordable” fast rail service between Edinburgh and London King’s Cross. FirstGroup has pledged that fares will…
ScottishPower CEO Keith Anderson has urged UK ministers to urgently review the energy price cap and warned that high wholesale gas prices could trigger an “absolute…
Scotland’s total exports to international markets and the rest of the UK in 2019 — excluding oil and gas — are estimated to have been…
By Mark McSherry Aberdeen-based transport group FirstGroup plc said on Thursday it sold its Greyhound Lines bus business in North America for $172 million to…
Average house prices in Scotland increased 16.9% to £181,000 in the year to August 2021, faster than the UK annual rate of 10.6%, according to the…
Bilbao-based green energy giant Iberdrola has confirmed its intention to invest a further £6 billion in offshore wind through ScottishPower’s East Anglia Hub – the…
A new strategy to secure a £4 billion share of the global space market for the Scottish economy has been published by the Scottish Government….
The Scottish Investment Trust plc (SCIN) announced on Wednesday it plans to give up on its in-house management team and independence and combine with the JPMorgan…
The UK’s retirement system gained an improved ranking in the 13th annual Mercer CFA Institute Global Pension Index (MCGPI) — coming in at 9th place globally….
A new report from Barclays Eagle Labs and Beauhurst reveals that Edinburgh, Manchester and Leeds top the list of local authorities for the highest number…
Edinburgh-based Artisanal Spirits Company plc, owner of The Scotch Malt Whisky Society (SMWS), announced that it has signed a 10-year lease for a new supply chain…
National Express Group Plc now has until November 16 to make a firm offer for Perth-based transport firm Stagecoach Group, the companies said on Monday, after…
The shortlist for this year’s £50,000 Baillie Gifford Prize for Non-Fiction has been announced at the Times and Sunday Times Cheltenham Festival of Literature. The…
The Scottish Government said on Friday that military assistance has been requested for NHS Lanarkshire and NHS Borders “in response to the immediate pressures on…
UK Financial Conduct Authority (FCA) chair Charles Randell has announced his intention to step down a year early amid a staff backlash about an overhaul…
Hertfordshire-based renewable energy company RES has announced the sale of the 50MW Roaring Hill Energy Storage Project near Glenrothes in Fife to international clean energy investors…
The UK Government and Scottish Government on Thursday agreed in principle the scope of the independent report that will inform the review of the Scottish…
US consumer electronics retailer Best Buy said it has signed an agreement to acquire Edinburgh and Boston-based Current Health, a “remote care management platform” formerly…
The £265 million Baillie Gifford China Growth Trust plc has described Beijing’s crackdown on internet companies as “remarkably sensible.” The Baillie Gifford fund said the market…
Natwest-RBS said on Wednesday it is planning to increase lending linked to sustainable and climate-related finance to £100 billion by 2025. The pledge comes ahead…
Perth-based Stagecoach Group plc, Britain’s biggest bus operator, said on Tuesday it is still in talks to be taken over by National Express Group Plc and…
Barclays has officially opened its new campus on the south bank of the River Clyde in Tradeston, Glasgow, to house its technology, operations and functions…
Edinburgh-based rocket company Skyrora said it has agreed a multi-launch deal with the SaxaVord spaceport on Unst, the most northerly of the Shetland Islands, as it…
Shares of Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc rose about 7% on Tuesday after it published a strong update on trading for the…
Aberdeen-based housebuilder Stewart Milne Group said it is putting its timber systems business up for sale “to focus on investing in the growth of Stewart…
A newly formed group of big companies with major a footprint in Scotland have joined forces to launch a new climate action initiative ahead of…
Scottish private sector companies registered a further sharp uplift in business activity during September, according to the latest Royal Bank of Scotland PMI report from…
Real estate advisor Avison Young has released its latest quarterly Glasgow office market update, covering the third quarter of 2021, showing up a 66% rise…
The UK’s Investment Association (IA) has reported that retail investors put £5.3 billion into funds in August – a record amount for that month. Salford…
Airlines have been invited to bid for a contract to resume “lifeline” flights from Wick John O’Groats Airport, which is operated by Highlands and Islands…
Hiring activity across Scotland continued to surge in September, according to the latest Royal Bank of Scotland Report on Jobs from IHS Markit, completing a…
OGUK, which represents the UK’s offshore oil and gas industry, has warned that UK gas production will fall 75% by 2030 without new investment. OGUK warned…
Funds focused on UK equities suffered heavy selling from investors spooked by the multiple crises afflicting the UK in September, according to the latest Fund…
Greenpeace announced it has lost its court case challenging the UK government’s decision to grant a permit to BP to drill the Vorlich Field in…
Glasgow-based global engineering and mining giant Weir Group — one of Scotland’s biggest listed companies — said on Thursday it was subjected to an attempted ransomware attack…
NatWest said on Thursday it has pleaded guilty to three offences of money laundering between 2012 and 2016 “in relation to the accounts of a…
Adam Smith Institute head of research Matthew Lesh has dismissed UK Prime Minister Boris Johnson’s speech at the Conservative Party Conference as “bombastic but vacuous…
By Mark McSherry Scottish-born Princeton University professor David MacMillan has been awarded the 2021 Nobel Prize in chemistry “for the development of asymmetric organocatalysis.” He shares…
By Mark McSherry Edinburgh-based asset management giant abrdn announced it has agreed as a member of a bondholder committee to a restructuring of $530 million…
Glasgow-based media firm STV Group plc has announced that it reached agreement with the trustees of its defined benefit pension schemes — the Scottish & Grampian…
The Borderlands Partnership said it has published a Borders Railway Prospectus which “will inform ongoing discussions with the UK and Scottish governments for the extension…
Scottish Borders Housing Association (SBHA) has secured a £58 million loan facility from Royal Bank of Scotland to support investment in current homes and the…
Fundraising by existing investment trust companies in 2021 has already exceeded the previous 2019 record for secondary fundraising — with £8.71 billion raised so far…
The Scottish Government has announced what it called a “record winter funding package” to help increase NHS and social care capacity in Scotland this winter….
Thurso-based battery cell developer AMTE Power, which went public in March, has announced a joint venture in Australia and published results for the year to…
Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, has announced a programme of investment in the iconic Standard…
By Mark McSherry ESG investment frameworks “are profoundly damaging to the prospect of changing the corporate sector” according to James Anderson, the outgoing joint manager of…
Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, has reported a 24% increase in gold concentrate produced at its Cononish Gold and Silver Project…
The UK’s energy market regulator Ofgem said on Monday it has launched two investigations into whether SSE Generation Limited, part of Perth-based SSE, and transmission…
Martin Gilbert’s investment firm AssetCo plc announced it has completed the acquisition of a 30% equity interest in Parmenion Capital Partners LLP, a discretionary investment…