£500m Abrdn Asia Focus fund rings the changes
The board of the £580 million Aberdeen Standard Asia Focus plc fund announced that it has conducted a “comprehensive review” of the company’s long-term strategy…
The board of the £580 million Aberdeen Standard Asia Focus plc fund announced that it has conducted a “comprehensive review” of the company’s long-term strategy…
Shares of John Menzies plc, the Edinburgh-based global aviation logistics specialist, rose about 6% on Tuesday after it published an update on current trading that showed…
TSB announced it will close another 70 branches in 2022 as it “responds to declining branch use and increasing numbers of customers switching to digital…
Edinburgh-based investment giant Aegon UK said on Tuesday that Jim Ewing has been appointed chief financial officer (CFO), subject to regulatory approval. Ewing joined Aegon in…
Scottish Friendly Assurance Society Ltd announced that Stephen McGee will join the business as chief executive officer (CEO), subject to regulatory approval, in April 2022….
National Grid Electricity Transmission plc (NGET) and Scottish Power Transmission plc (SPT) have agreed to pay a record redress package of £158 million for delays…
Scotland’s First Minister Nicola Sturgeon said on Monday she will “initiate the process necessary” to hold an independence referendum by the end of 2023. Addressing…
Hammerson plc confirmed on Monday it is in discussions for a possible £140 million sale of Silverburn, its flagship shopping centre on the south side…
The Scottish Government said six cases of the Covid-19 Omicron variant have been identified in Scotland. Four cases are in the Lanarkshire area and two…
Shares of A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers, rose about 13% on Monday after it published a…
Savills has reported that a “remarkable period of housing market activity” led to the highest number of Scottish transactions in 13 years between September, 2020…
The £373 million Baillie Gifford UK Growth Trust reported on Friday its net asset value (NAV) per share increased 2.8% in the six months to October 31, 2021,…
The Scotch Whisky Association (SWA) has announced that Mark Kent, former British Ambassador to Argentina, will succeed Karen Betts as chief executive when Betts leaves…
The Scotch Whisky Association (SWA) has welcomed the 50% excise duty cut on imported Scotch Whisky in the state of Maharashtra ahead of formal UK-India…
Macfarlane Group, the Glasgow-based packaging, design and distribution firm, said on Thursday its sales revenue has grown 25% in the year to date and profit…
John Menzies plc, the Edinburgh-based global aviation logistics specialist, announced that Menzies Aviation has secured an extension to its long-standing ground services partnership with easyJet…
Shares of Alva-based Omega Diagnostics Group plc fell about 25% on Thursday after it said it is “very disappointed with the lack of progress and commitment…
The £600 million Baillie Gifford European Growth Trust said on Wednesday it will be seeking shareholder approval to increase its permitted investments in unlisted companies from…
SSE Renewables and Equinor, the joint venture partners co-developing the 3.6GW Dogger Bank Wind Farm in the North Sea, announced that 15-year offtake Power Purchase…
Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc on Tuesday published first-half results “materially ahead of the board’s expectations.” The Linlithgow firm declared its first…
Blocking long-planned oil and gas projects in the North Sea would risk leaving UK consumers even more exposed to the global energy shortages that sent…
Martin Gilbert’s investment firm AssetCo plc is one of two companies that have made preliminary bid approaches for fund manager River and Mercantile Group (RMG),…
The £1.2 billion Edinburgh Investment Trust said on Monday its net asset value (NAV) has risen 48%, compared with 36.8% for the FTSE All-Share, since…
Investment managers that hold stakes in FTSE 350 companies “will expect companies to continue to show restraint and restrict executive bonuses where government support has…
John Paul Marks has been appointed to the role of top civil servant at the Scottish Government, succeeding the controversial Leslie Evans. Marks has been appointed…
The number of private sector businesses operating in Scotland fell almost 20,000 in the year to March 2021 to 344,505, according to the Scottish Government’s latest…
Pensions consultancy Hymans Robertson has warned that a lack of understanding about “company beliefs” and how they impact decision making around pensions schemes could endanger the…
Scottish Rugby said it has appointed Julian Momen, former CEO of Carlsberg UK, as its chief commercial officer, effective January 2022. Momen spent seven years…
Zetland Capital Partners LLP, a London based private equity firm, has announced its funds have agreed to acquire the 338-bedroom Macdonald Manchester Hotel and the…
SSE, the Perth-based renewable power and networks giant, announced on Wednesday a “Net Zero Acceleration Programme” including an “enhanced, fully funded £12.5bn strategic capital investment…
Patrick Keefe has been named the winner of the £50,000 Baillie Gifford Prize for Non-Fiction 2021 for Empire of Pain: The Secret History of the…
By Mark McSherry The Abrdn China Investment Company Limited said it has invested over £100 million in Chinese stocks since it completed a scheme of reconstruction…
National Express has been granted another extension to the deadline by which it must make a firm offer for Perth-based transport firm Stagecoach Group —…
A £13 million investment from the Scottish National Investment Bank awarded to the Iona wind partnership will help accelerate the delivery of the Iona onshore…
Bradford-based supermarket giant Morrisons has announced it will become the first supermarket to own its own recycling operations through the acquisition of a significant stake…
Edinburgh-based Martin Currie, the active equity specialist fund manager, has announced the addition of Aimee Truesdale as a portfolio manager on the firm’s global emerging…
Edinburgh-based asset management advisory firm Devlin Mambo have announced the appointment of Andrew Milligan to the position of board advisor. Milligan is the former Head of…
Edinburgh-based international oil and gas company Cairn Energy announced on Monday that it will commence an initial share repurchase programme of its ordinary shares of up…
The latest Janus Henderson Global Dividend Index shows that Q3 dividends around the world rose by a record 22% on an underlying basis to reach…
Venture capital (VC) investors ploughed record amounts of money into Scottish scaleup firms over the summer with more than £197 million raised, according to Venture…
Therme Group, a Vienna-based developer and operator of thermal “wellbeing” resorts, has signed heads of terms with Peel L&P to locate its second UK project…
Aberdeen-based global engineering group Wood plc said on Friday it has started a strategic review of “the part of its consulting business facing the built environment end…
Moody’s Investors Service said it has completed a periodic review of the ratings of Aberdeen City Council, which completed a successful £370 million bond sale via…
Scottish Widows said workplace pension savers will soon be able to view the sustainable impact of their pension investments using a new mobile phone app….
The Association of British Insurers (ABI) has confirmed three senior leadership appointments, with Hannah Gurga becoming the new ABI Director General, Baroness Nicky Morgan becoming the first…
The University of Strathclyde said it has appointed Gillian Docherty as its new chief commercial officer, starting in February. Docherty has been chief executive of The…
John Menzies plc, the Edinburgh-based global aviation services business, said on Wednesday that Menzies Aviation has secured a significant contract win with Mexico’s flagship carrier…
Edinburgh asset management giant Abrdn has added its voice to a growing number of UK corporate bond managers with concerns about the current and unprecedented private equity…
A feed additive that results in a 30% reduction in methane produced by cattle will be globally manufactured in Scotland as part of a £100…
The Law Society of Scotland has announced that Diane McGiffen will be appointed as its new chief executive. She succeeds Lorna Jack, who will leave…
Anderson Anderson & Brown (AAB) has announced a merger with Leeds-based independent accountancy firm Sagars to expand its UK regional presence in line with its…
Baillie Gifford’s high-flying flagship fund, the £21 billion Scottish Mortgage Investment Trust plc, said on Monday it has increased its investment in healthcare and biology companies…
Wealth management is enjoying a jobs boom in Scotland, with a number of UK-wide firms setting up hubs in Scotland with experts predicting that more…
Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), said on Monday it has launched J.G. Thomson & Co, a…
Edinburgh-based investment giant Abrdn has confirmed it is in talks to buy Manchester-based online broker Interactive Investor, with analysts speculating the price could reach £1.5 billion….
The latest Royal Bank of Scotland Report on Jobs from IHS Markit shows “sharp rates” of vacancy growth during October as employers reported difficulties finding…
All young people under the age of 22 resident in Scotland will have access to free bus travel from January 31, 2022, First Minister Nicola…
Glasgow-based global engineering and mining giant Weir Group said on Friday it has agreed to acquire Motion Metrics, a Canada-based global mining technology business, for an initial…
Companies in the UK’s oil and gas sector are predicting that the share of their business outside of oil and gas will jump from 21%…
Edinburgh-based investment giant Abrdn has made three major appointments to its real assets team to support its ambitious growth agenda. Abrdn oversees £532 billion of assets including £50…
Shares of Virgin Money, the Glasgow-headquartered banking group formerly known as CYBG, fell 8% on Thursday despite the bank reporting that it would return to full-year profit…
Edinburgh BioQuarter — which now plans to have up to 2,500 residential units — has formally launched its public procurement process for a private sector…
The the latest Fund Flow Index (FFI) report from global funds network Calastone shows that rising fears over inflation and interest rates, as well as…
Franklin Templeton Fund Management Limited (FTFML) has announced a transition of oversight for its Leeds-based Franklin UK Equity team to the platform of Edinburgh-based Martin…
Edinburgh-based international oil and gas company Cairn Energy is ending its long-running tax fight with the government of India and is promising shareholders a payout…
Edinburgh-based investment giant Abrdn has announced a target to reduce the carbon intensity of its assets by 50% by 2030 versus a 2019 baseline. Abrdn…
Edinburgh-based international oil and gas company Cairn Energy said on Tuesday it has completed the sale of its interests in the Catcher and Kraken Fields in…
The accounting deficit of the defined benefit (DB) pension schemes and other post-retirement benefit plans for the UK’s 350 largest listed companies rose by £6…
Edinburgh-based Napiers the Herbalists has been bought by Samarkand Group plc, which describes itself as a “cross-border eCommerce company focused on connecting Western brands with…
Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, said on Tuesday that Nat Le Roux is stepping down as non-executive chairman, a position he…