Small firm equity investment doubles to £403m
Equity investment in Scotland’s smaller businesses reached £403 million by the end of 2021’s third quarter, more than double the same period in 2020, according…
Equity investment in Scotland’s smaller businesses reached £403 million by the end of 2021’s third quarter, more than double the same period in 2020, according…
Shell plc has announced its intention to exit its joint ventures with Russia’s Gazprom and related entities, including its 27.5% stake in the Sakhalin-II liquefied…
Shares of McColl’s Retail Group plummeted another 66% on Monday to around 2.57p after it published an update on its financing. McColl’s confirmed it recently…
The Scottish Association of Landlords (SAL) has said the Scottish Government “must dump damaging rhetoric criticising private landlords” and instead encourage investment in the sector…
Martin Gilbert’s fast-growing investment firm AssetCo plc has reached agreement to acquire Edinburgh-based Revera Asset Management Limited for about £2.8 million in shares and cash. The…
BP has announced it will exit its 19.75% stake in Russian oil giant Rosneft — the most significant move yet by a Western company in…
The £3.5 billion Dundee investment trust company Alliance Trust plc has announced it wants to “achieve a more ethnically diverse board” over the next two…
The Edinburgh and Glasgow office markets recovered in 2021, with leasing volumes at more than 1.2 million sq ft and investment across both cities reaching £571…
The Scottish National Investment Bank announced on Friday that chief executive officer Eilidh Mactaggart has resigned. No reason was given for the departure. Chief financial…
The Abrdn UK Smaller Companies Trust plc has reported that its net asset value total return was 12.4% for the six months to December 31, 2021,…
Farmland values in Scotland rose at a faster rate than elsewhere in the UK in 2021 “with demand for land proving extremely strong” according to…
Edinburgh-based Capricorn Energy — formerly called Cairn Energy — confirmed on Thursday it finally received the expected tax refund of $1.06 billion from the government of…
Macfarlane Group, the Glasgow-based packaging, design and distribution firm, said on Thursday that its sales from continuing operation rose 26% to £264.5 million in the…
Scotland’s onshore GDP fell by 0.4% in December, according to statistics announced on Wednesday by the Chief Statistician. Output remains above the pre-pandemic level of…
Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, announced some big board changes on Wednesday. Senior…
Managers of some of the most high profile investment trusts run by Edinburgh-based asset management giant Abrdn have published investment outlooks for their funds as…
The Scottish Government said on Tuesday that 45.1% of school leavers in Scotland in 2020-21 went on to higher education courses at college or university…
More than 1,000 job opportunities at Edinburgh Airport will be advertised over the coming weeks as the airport launches a recruitment campaign ahead of the…
By Mark McSherry Beeks Financial Cloud Group plc, the Glasgow-based connectivity provider for financial markets, announced the signing of another multi-year contract for its recently…
Edinburgh-based Capricorn Energy — formerly called Cairn Energy — announced that it appointed former Aker Solutions CEO Luis Araujo to its board as an independent non-executive…
Elgin-based Springfield Properties, Scotland’s only listed house builder, has reported a record order book despite revenue and profit before tax declining in the six months ended…
Shares of Aberdeen-based engineering giant John Wood Group plc fell about 16% on Tuesday after it announced it expects to report an exceptional charge of…
Proteus, a Cambridge data-driven consultancy firm, has announced the acquisition of Edinburgh AI-driven business software development company Sharktower in a roughly £10 million deal. Sharktower CEO…
The board of Edinburgh-based aviation logistics giant John Menzies plc said on Monday it “would be willing unanimously to recommend” a final cash takeover offer…
By Mark McSherry Scottish biotechnology company TC BioPharm (TCB) saw its shares fall heavily in its first full week of trading as a listed company…
Investment into Scottish commercial property reached £2.2 billion in 2021 according to the latest Scotland Snapshot from Colliers. That’s up from the £1.4 billion recorded…
Martin Gilbert’s investment firm AssetCo plc has announced results for the year ended September 30, 2021, during which it grew its assets under management from zero to…
NatWest Group plc — the bank formerly known as RBS — has reported pre-tax profit of £4 billion for the 2021 calendar year compared to a…
Perth-based SSE plc was the biggest winner after the UK Government awarded about £375 million of contracts at record high prices to power plant owners to…
Shares of Edinburgh-based aviation logistics giant John Menzies plc soared about 25% on Thursday to around £5.84 after Kuwait-based airport services firm National Aviation Services…
Salmon Scotland announced that sales of salmon in UK shops soared to £1.1 billion last year. “UK market demand over 2021 saw fresh, chilled salmon…
Ryanair has announced an investment of over $1 billion at Edinburgh Airport that will support 300 aviation jobs and 3,000 indirect jobs — and unveiled its…
Global institutional pension fund assets in the 22 largest markets (the P22) reached a record $56.6 trillion at the end of 2021, according to the…
M&G Real Estate and its property development partner Qmile Group announced they have pre-let all 390,000 sq ft of Grade A office accommodation at the £350…
The Scottish market for homes worth over £1 million witnessed an “unprecedented level of activity” in 2021, according to Rettie, with a record 419 such…
Baillie Gifford has ranked first in the 2022 FE fundinfo Alpha Manager List with a total of 13 of its fund managers making the prestigious…
Citigroup’s Scottish CEO Jane Fraser received total compensation of $22.5 million for 2021, the company said in a regulatory filing. “The compensation committee determined that…
French reinsurer SCOR has announced a £5.5 billion “longevity transaction” with Lloyds Banking Group Pensions Trustees. Lloyds Banking Group (LBG) is the owner of Bank…
John Menzies plc, the Edinburgh-based aviation logistics giant, said it has engaged with its shareholders following its board’s unanimous rejection of the roughly £469 million…
Scotland’s private equity market saw a record number of mid-market deals in 2021 despite total investment still falling short of pre-pandemic values, according to new…
A “massive” shortfall of candidates and pressure to significantly increase salaries and perks “makes grim reading” for financial services sector businesses in Scotland, according to…
Baillie Gifford legendary investor James Anderson has said fund management “has inherently become inward looking” too often obsessed with share buybacks and dividends. Anderson said…
Baillie Gifford investment trust Scottish American Investment Company (SAINTS) saw its assets top £1 billion at the end of the year to December 31, 2021, as…
Analysts at London stockbroker and corporate adviser Numis have urged Abrdn shareholders to “carefully consider how they vote” at the March 15 meeting to approve…
Celtic plc said on Friday its revenue increased 29.9% to £52.9 million in the six months to December 31, 2021, and profit before taxation was…
Scottish salmon exports recovered to near-record figures in 2021, according to new figures released by the UK Government on Friday. Reinforcing its place as the…
The value of global exports of Scotch Whisky grew 19% to £4.51 billion in 2021, according to figures released on Friday by the Scotch Whisky…
International real estate consultancy Avison Young has released its latest quarterly Big Nine office market update — showing Edinburgh and Glasgow experienced a strong finish…
Permanent staff appointments in Scotland increased at a near-record pace in January, according to the latest Royal Bank of Scotland Report on Jobs from IHS…
NatWest Group — the bank formerly known as RBS — has announced the appointment of Raghu Narula as Managing Director, Customer Engagement & Distribution, within…
Macquarie Asset Management’s Goodstone Living said it has acquired its second site for a build-to-rent development in Edinburgh. The 2.5-acre consented site is expected to…
Abrdn’s core infrastructure investment team has announced the first closing of its third core/core+ infrastructure fund, Aberdeen Standard Core Infrastructure Fund III, with commitments totalling…
Shares of Alva-based Omega Diagnostics Group fell another 25% on Thursday after it confirmed speculation that it has conditional investor support for an equity fundraising…
Craft gin and Scotch whisky company Eden Mill St Andrews has announced a newly created board of directors following the recent move by Edinburgh-based specialist consumer…
SSE Renewables announced it has completed its agreement to sell a 10% interest in the giant Dogger Bank C offshore wind farm to Eni for…
SSE, the Perth-based renewable energy and power networks giant, announced that former Barrick Gold and Blackrock executive Catherine Raw will join the company as managing…
Kuwait-based airport services firm National Aviation Services (NAS) claimed on Thursday its roughly £469 million takeover approach for Edinburgh-based rival John Menzies plc “represents a compelling…
Edinburgh-based fintech lending platform LendingCrowd said it has closed a £100 million funding deal with Barclays Bank and a “large global investment firm” to support SMEs…
Edinburgh-based investment giant Abrdn said on Wednesday its assets under management and administration (AUMA) at December 31, 2021, increased to £542 billion, compared with £535…
Glasgow-based cloud computing firm Iomart Group has bolstered its senior management team with the appointment of Ben Savage “to accelerate sales execution” in the role…
Forth Ports, which owns and operates eight commercial ports across the UK, has announced the acquisition of Dundee-based specialist heavy lift plant firm OMHL. “This acquisition…
Royal London said on Wednesday its discussions on a potential merger with mutual life insurer LV= — formerly known as Liverpool Victoria — have ceased. Royal…
Edinburgh-based aviation logistics giant John Menzies plc said on Wednesday it has turned down a “preliminary and unsolicited” takeover proposal worth roughly £469 million in…
Beeks Financial Cloud Group Plc, the Glasgow-based connectivity provider for financial markets, announced the signing of a £2.5 million contract extension over three years “with an…
Flaws found in the way that Scottish Canals recorded and valued its assets meant that auditors could not give an opinion on its accounts, according to…
River & Mercantile Asset Management announced on Tuesday that Dan Hanbury is to leave the firm both as a partner and a portfolio manager. Martin…
Investec has provided Clyde Munro Dental Group with a further £25 million of financing to help the firm make acquisitions – taking its investment in Scotland’s…
Perth-based renewable energy and power networks giant SSE — the biggest listed company run from Scotland — on Tuesday upgraded its expectations for full-year 2021-22…
The value of mergers, acquisitions and share deals involving Scottish registered corporates soared from £4.9 billion in 2020 to £16.4 billion in 2021, according to…
Edinburgh-based TV advertising analytics firm TVSquared has been acquired by New York-based Innovid in a cash and stock transaction valued at $160 million. TVSquared CEO Calum Smeaton…