Weir commits to SBTi science based climate targets
Glasgow-based global engineering and mining giant Weir Group announced on Friday a major commitment to the Science Based Targets initiative (SBTi) in which the group will…
Glasgow-based global engineering and mining giant Weir Group announced on Friday a major commitment to the Science Based Targets initiative (SBTi) in which the group will…
House prices across Scotland rose 8.8% on average over the last year, more than the UK average of 6.2%, according to the latest data from…
The total capital raised by the London Stock Exchange (LSE) in 2021 was £49.2 billion — £16.8bn in IPOs as 122 firms listed in London…
New research from the Resolution Foundation think tank has predicted that 2022 will be the “year of the squeeze” with UK households facing a typical income…
Archangels, the Edinburgh-based business angel investment syndicate, said it led investments totalling a record £23.7 million in promising Scottish tech and life sciences companies during 2021…
Shares of Glasgow-based DeepMatter Group plc, the AIM-listed company focusing on digitizing chemistry, fell about 35% on Friday to about 0.40p after it announced plans…
By Mark McSherry Edinburgh-based Miller Homes has been bought from private equity firm Bridgepoint Group plc by funds managed by affiliates of New York-based investment firm Apollo…
SSEN Transmission, together with National Grid Electricity Transmission (NGET), has submitted a “Final Needs Case” (FNC) to regulator Ofgem for the first of two subsea…
Celtic Football Club has confirmed the appointment of Michael Nicholson as chief executive with immediate effect. Chris McKay, the club’s finance director and member of…
Plans have been submitted to the UK’s Oil and Gas Authority (OGA) by Corallian Energy Limited to develop the Victory Gas Discovery 50 kilometres north west of Shetland. The…
Aberdeenshire-based craft brewing giant BrewDog has announced that the independent review of its working culture is now complete and that chairman Allan Leighton and deputy chair…
Canadian pension fund Omers Infrastructure announced it agreed to sell a 25% interest in Scotia Gas Networks (SGN) to Global Infrastructure Partners (GIP). SGN’s other…
Edinburgh has 19 of Scotland’s 25 most expensive streets, according to a new report from Bank of Scotland based on Registers of Scotland data. Regent Terrace…
Shares of Edinburgh-based ready meals firm Parsley Box Group plc fell another 14% on Wednesday after it said it intends to raise further funding during the…
Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, said on Wednesday it plans to extend the life of its Cononish gold mine near Tyndrum…
London-based asset management giant Schroders plc announced that it agreed to acquire a 75% shareholding in Greencoat Capital Holdings Limited for an initial consideration of £358 million…
NatWest Markets Plc said on Tuesday it has pleaded guilty in United States Federal Court to one count of wire fraud and one count of…
UK Government borrowing is estimated to have been £136 billion in the eight months to November 2021, the second-highest financial year-to-November borrowing since monthly records began…
The Scottish Government’s “usual annual borrowing limit to address tax and welfare forecast errors” should be doubled to £600 million “as a starting point” according…
Aviva Investors and Edinburgh-based Par Equity have announced plans to deliver a “significant woodland creation and peatland restoration scheme” in West Aberdeenshire that aims to…
The UK’s Takeover Panel has extended the deadline to January 18 by which Martin Gilbert’s investment firm AssetCo plc and rival suitor Premier Miton Group…
Hawick-based Emtelle Group, a global manufacturer of “pre-connectorised blown fibre, cabling and ducted solutions,” has agreed to acquire Afripipes Middle East Operations based in Dubai. Emtelle works…
The contrarian Scottish Investment Trust plc said on Monday its share price total return for the year to October 31 was 24.3% and the net…
ScotRail has announced the appointment of its new chief operating officer from April 1, 2022, when the train operator becomes a public body. Joanne Maguire,…
CBRE Investment Management, on behalf of CBRE UK Property PAIF, has acquired Exchange Place One, the Grade A office building on Semple Street and Fountainbridge…
Dozens of Scottish and British business leaders have joined forces to warn Scottish and Westminster politicians against creating a “hostile investment environment” for the North…
Aberdeen-based global engineering and consulting group Wood plc has announced a series of UK North Sea contract awards with key clients — including Shell UK…
Lomond Group has become the largest lettings and estate agent in Scotland after acquiring DJ Alexander. The deal, supported by Lomond Group’s private equity partner…
Glasgow-based DeepMatter Group plc, the AIM-listed company focusing on digitizing chemistry, said on Friday it is in talks with shareholders over a possible fund raising…
NatWest Group plc — formerly known as RBS — is set to take a 16.66% stake in Ireland’s Permanent TSB (PTSB) after the Irish bank…
Edinburgh-based investment giant Abrdn said on Friday it will appoint former Financial Conduct Authority (FCA) boss Catherine Bradley as a non-executive director and a member of…
Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), said on Friday it agreed to increase its equity interests in its…
UK exports of food and drink are down £2.7 billion or 15.9% in the first three quarters of 2021 compared to pre-pandemic levels, according to…
Fife-based timber expert Donaldson Group has acquired the £100 million turnover business Stewart Milne Timber Systems (SMTS), marking the Donaldson Group’s entry into the timber frame…
Thurso-based battery cell developer AMTE Power, which went public in March, said on Thursday it has been confirmed as a partner in a new UK Government funded…
Scotland has experienced the highest growth in average household wealth in the UK over the last decade, growing by 66% versus 19% in London and 18% in…
London-based private equity real estate manager Henderson Park has exchanged contracts for the acquisition of Silverburn, the 100,000m² flagship shopping centre on the south side of Glasgow…
Odysseus Capital Management announced it has secured planning permission for the redevelopment of Edinburgh One at 60 Morrison Street — the former headquarters of Scottish…
The Scottish Land Commission has commissioned a major report “to understand more about the nature and value of rural land sales in Scotland” in a…
Abrdn’s Aberdeen Standard European Logistics Income plc (ASLI) announced the acquisition of a portfolio of newly constructed last-mile logistics warehouses “with excellent sustainability credentials” located at…
Alva-based Omega Diagnostics Group said on Tuesday that analysis from clinical samples shows that its Covid-19 antigen test performs with “the same high accuracy” on the…
Edinburgh-based crypto wallet and payments platform Zumo said it has become the first “consumer non-custodial crypto wallet” to be added to the Financial Conduct Authority’s…
Kintore, Aberdeenshire-based oil and gas pipeline specialist STATS (UK) Limited announced that its shareholders agreed to sell the company to SRJ Technologies Group plc (SRJ)…
Manchester-based self invested personal pension (SIPP) provider iPensions Group has acquired business assets of FCA-regulated firm Forthplus Pensions — currently in administration — providing some certainty to the Edinburgh firm’s 2,500-plus…
National Express Group Plc said on Tuesday it agreed to buy Perth-based transport rival Stagecoach Group Plc in an all-share transaction worth about £470 million. Following completion…
UK Finance, the collective voice for the banking and finance industry, has published its housing and mortgage market forecasts for 2022 and 2023 together with projections for 2021 full year…
The UK’s Financial Conduct Authority (FCA) said on Monday afternoon that National Westminster Bank Plc (NatWest) has been fined £264.8 million following convictions for three…
The Scottish Government said on Monday that a consultation process seeking views on Scotland’s “Not Proven” verdict and related reforms has opened. The consultation will…
Scotland’s private sector remained in expansion territory in November, according to the latest Royal Bank of Scotland Purchasing Managers’ Index (PMI) from IHS Markit. The…
Communities in East Lothian, the Scottish Borders and Northumberland have been connected via rail for the first time in years decades thanks to new services…
Pensions and financial services consultancy Hymans Robertson said climate risk could add £25 billion of additional deficit risk to FTSE 350 defined benefit (DB) pension…
Royal London confirmed on Friday afternoon it has offered to enter into “immediate and exclusive discussions” with mutual life insurer LV= — formerly known as Liverpool Victoria…
The Scottish Government’s transport minister Graeme Dey has announced the appointment of a chief executive officer and finance director for Scottish Rail Holdings, which will take…
Edinburgh commercial litigation solicitor Sheila Webster has been confirmed as the Law Society of Scotland’s 2023-24 president elect. “Sheila will assume her new role in…
Shares of Alva-based Omega Diagnostics Group fell about 30% on Friday after it published a stock exchange statement about a legal fight with the UK…
Siccar Point Energy CEO Jonathan Roger said on Friday that Royal Dutch Shell’s decision last week not to go ahead with the Cambo oilfield project west…
Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, announced the appointment of Anna Franekova to drive mergers…
Edinburgh-based Aegon UK has appointed Andy Dickson to the newly created role of Master Trust Strategic Development Director. “Andy will be responsible for building on…
The independent Scottish Fiscal Commission said on Thursday it expects a strong economic recovery in 2021-22, with Scottish GDP growing by 10.4% and economic activity…
Aberdeen-based North Star Group said it has clinched the service operations vessel (SOV) contract to support the third phase of the SSE-led Dogger Bank Wind…
The supply of permanent staff in Scotland plummeted “at a record pace” in November, while short-term staff availability also fell rapidly — forcing employers to…
Shares of Aberdeen-based bus and rail giant FirstGroup fell about 6% on Thursday after it warned about the “uncertainty around the pace of recovery in…
Edmond de Rothschild Real Estate Investment Management (REIM) said it has secured a prime residential development site in Glasgow, its first investment in Scotland, for…
Norwegian-owned Scottish Sea Farms announced that the UK’s Competition and Markets Authority (CMA) has cleared its bid to acquire Grieg Seafood Hjaltland UK, paving the…
The Scottish Government has announced that BBC Studioworks, a commercial subsidiary of the BBC, is to operate the new £11.9 million TV studio at Kelvin…
Glasgow-based fashion firm Quiz said on Wednesday its revenue increased 109% to £36 million in the six months to September 30 “further to the removal…
SSE, the Perth-based renewable power and networks giant, has received support from institutional shareholders Royal London Asset Management and Columbia Threadneedle in its rejection of…
Edinburgh-based investment giant Baillie Gifford has dominated AJ Bell’s “Most Popular Funds And Shares Of 2021” report. Baillie Gifford American, Baillie Gifford Positive Change, Baillie…
Perth-based transport firm Stagecoach Group said on Wednesday its revenue grew 27% to £579.4 million in the half-year to October 30, 2021, with profit before tax soaring…
Dundee-based publisher DC Thomson — owner of The Press and Journal, The Courier, The Sunday Post and The Beano — announced the appointment of Rebecca Miskin…