September 2022





Top 100 private Scots firms make £28bn turnover

Grant Thornton’s Scotland Limited report for 2022 shows that Scotland’s top 100 private limited companies make aggregate turnover of £28 billion, employ 132,000 people, have aggregate…








Virgin, Skipton, Halifax pause new mortgages

Virgin Money and Skipton Building Society on Monday temporarily withdrew their mortgage ranges for new customers because of the volatility in sterling funding markets, according…
























FCA warns against crypto exchange FTX

The UK’s Financial Conduct Authority (FCA) has warned consumers against dealing with Bahamas-based FTX, the cryptocurrency exchange run by billionaire Sam Bankman-Fried. “We believe this firm…





Capricorn investors want more from Tullow merger

The proposed all-share merger of Edinburgh-based Capricorn Energy and London-based Tullow Oil is facing increasing opposition from shareholders of Capricorn, formerly called Cairn Energy. Capricorn shareholder Schroders this week became…







Abrdn sells £262m stake in India’s HDFC Life

Edinburgh-based investment giant Abrdn announced it sold another chunk of its shareholding in HDFC Life Insurance Company in India. It said its Abrdn (Mauritius Holdings) 2006 Limited…










STV first-half revenue rises 3% to £62m

Shares of Glasgow-based media firm STV Group plc rose about 5% on Tuesday after it said its first-half revenue rose 3% to £62.1 million, profit before…



AMTE Power hires Alan Hollis as new CEO

Thurso-based battery cell developer AMTE Power plc said on Tuesday that Alan Hollis has been appointed to its board and will become CEO “on or around”…





Martin Currie appoints UK equity heads; Morton retires

Franklin Templeton’s Edinburgh-based active equity asset management specialist Martin Currie announced that Ben Russon and Richard Bullas will co-head Martin Currie’s UK Equity team effective October 1, 2022. Both will…



Chivas Scotch whisky net sales up 25%

Chivas Brothers, the Scotch whisky business of Pernod Ricard, announced a “robust” performance for the year to June 30 that it said reflected “the significant…


IoD Scotland names McWilliam national director

Institute of Directors (IoD) Scotland has announced Catherine McWilliam as its new Director of Nations – Scotland. McWilliam succeeds previous national director, Louise Macdonald OBE, who…