The City of Edinburgh Council has announced that the extension of the Edinburgh Trams system to Newhaven remains on schedule to begin services in the…

Scottish Widows has announced another £1.5 billion worth of divestments in an update to its environmental, social and governance (ESG) investment policy. The move contains…

NatWest Group, the bank formerly known as RBS, has finally returned to a majority private ownership 14 years after its £46 billion bailout by UK…

National Grid plc announced it agreed to sell a 60% equity interest in its UK gas transmission and metering business (NGG) to a consortium including…

The City of Edinburgh Council will invest £128 million over the next 12 months improving council homes and building new affordable homes in Scotland’s capital…

Edinburgh has maintained its place as a leading international financial centre in the latest Global Financial Centres Index (GFCI), placing seventh in Western Europe, second…

Real estate giant Hines has sold the Royal Mail sorting warehouse at Edinburgh’s Sighthill Industrial Estate to ICG Real Estate for an undisclosed price. The 215,745 square-foot…

XPS Pensions Group has warned that although UK pension schemes’ financial positions have improved substantially since the first lockdown in March 2020, long-term deficits are still…

Standard Life, part of Phoenix Group, said it has concluded a £175 million bulk purchase annuity (BPA) transaction covering all 2,000 members of the Findel…

Shares of Beeks Financial Cloud Group plc, the Glasgow-based cloud computing and connectivity provider for financial markets, rose about 13% on Thursday after it announced the…

Glasgow-based cloud computing firm Iomart Group has announced a new partnership with Oxfordshire-based cyber security specialists e2e-assure. “The agreement combines iomart’s cloud infrastructure expertise with…

Investment trust managers of Edinburgh-based investment giant Abrdn have unveiled their outlooks for global markets amid the Russia-Ukraine war, rising inflation, market volatility, the spike…

NatWest Group plc — the bank formerly known as RBS — announced it will hold its Annual General Meeting at the group’s Gogarburn headquarters on the…

UK finance minister Rishi Sunak announced tax cuts for workers and a reduction in fuel duty on Wednesday in his half-yearly budget update. Sunak set out…

The net revenue expenditure of Scotland’s councils was £11.108 billion in 2020-21, according to a report from the Chief Statistician. Revenue expenditure is the cost of…

A report from Audit Scotland has slammed the “multiple failings” that have led to the massive delays and cost overruns that continue to obstruct the…

ScottishPower — owned by Bilbao-based green energy giant Iberdrola — is planning to stop selling energy to UK industrial and commercial (I&C) customers, Reuters reported. Energy companies…

UK government borrowing was £138.4 billion in the 11 months to February 2022, the third-highest financial year-to-February borrowing since monthly records began, according to the UK’s Office…

Edinburgh investment giant Abrdn said Richard Charnock, its CEO of Discretionary, has decided to retire and will be stepping down from his role in April….

Madrid-based Telefónica Tech said it has acquired Glasgow-based data and analytics company Incremental, one of the fastest growing Microsoft partners in the UK, for up…

The UK’s Oil and Gas Authority (OGA) is planning to hold a North Sea oil and gas licensing round this year, according to a report in…

Edinburgh investment giant Abrdn has announced that Mark Redman, its global head of private equity, has left the company “to pursue other opportunities.” Abrdn refuted speculation…

NatWest Markets Plc has announced that its director of finance Simon Lowe will take on the role of interim chief financial officer (CFO) for NatWest…

Abrdn’s £1 billion Standard Life Private Equity Trust (SLPE) will be promoted to the FTSE 250, from the FTSE UK Small Cap index, following the…

A joint report from Audit Scotland and the Accounts Commission has said that a detailed analysis of how almost £5 billion of Covid-19 business support funding was…

The UK central bank raised its key interest rate for the third successive policy meeting on Thursday amid soaring inflation which the bank warned may rise above…

The US Federal Reserve has raised its benchmark interest rate by a quarter of a percentage point in the first increase since 2018 — and…

Hymans Robertson, the pensions and financial services consultancy, has promoted six executives to partner in its Glasgow and London offices. The company said Shirley Brown,…

Edinburgh investment giant Abrdn said it has invested £31 million on behalf of its strategic partner Phoenix Group in the refinancing of CORE Portfolio Investments…

Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, has announced big changes to its board. Scotgold said Sean Duffy, 52, joins the firm…

Scotland’s Chief Statistician has released statistics showing Scotland’s gross domestic product (GDP) grew 6.9% in 2021 compared to 2020. Equivalent UK growth over the year…

Edinburgh-based investment giant Abrdn announced on Tuesday afternoon that 80% of its shareholders approved the resolution put to its General Meeting to acquire Manchester-based investment…

James Watt, co-founder of Aberdeenshire-based craft brewing firm BrewDog, has hit back in a LinkedIn posting at the most recent allegations against his company. In…

The London Stock Exchange Group (LSEG) on Tuesday announced a strategic investment and long-term partnership with digital private asset platform Floww to enter the growing…

Glasgow-based Smart Metering Systems plc (SMS) said its 2021 revenue rose 5% to £108.5 million and underlying profit before tax rose 20% to £18.3 million….

Scottish private sector output rose at an accelerated pace in February, according to the latest Royal Bank of Scotland Purchasing Managers Index (PMI) report from…

Closed life and pension fund consolidator Phoenix Group Holdings plc reported record cash generation of £1.717 billion for 2021, exceeding its annual target range of £1.5…

Edinburgh-based Craneware, a provider of software for the US healthcare market, said its revenue increased 111% to $80.2 million in the six months ended December 31,…

SSEN Transmission – the electricity transmission owner for the north of Scotland – has submitted to the energy regulator Ofgem £400 million proposals to reinforce…

Standard Life, part of Phoenix Group, has announced the appointment of three hires to its Defined Benefit Solutions business. Kieran Mistry joins as Senior Business…

The latest Royal Bank of Scotland Report on Jobs from IHS Market showed a strong uplift in hiring activity across Scotland in February. Permanent placements…

The Institute for Fiscal Studies (IFS) has warned that UK finance minister Rishi Sunak will either have to spend and borrow billions of pounds more…

Scotland is suffering from a chronic housing shortfall approaching 100,000 new homes as a result of “significant and consistent” undersupply over the last 14 years,…

Shares of Edinburgh-based ready meals firm Parsley Box Group plc rose about 20% on Thursday after it announced a proposed equity fundraising of £5.9 million via a…

ScotWind Offshore Wind Leasing Round partners ScottishPower and Shell are set to invest a total of £75 million “to help the supply chain and businesses support…

Glasgow-based media firm STV Group plc said on Wednesday its 2021 revenue rose to a record of £144.5 million, up 35% on 2020 and up 17% on…

Three new national organisations for education are to be created in Scotland in a major attempt “to drive improvement in education.” A new public body…

The board of Perth-based transport giant Stagecoach announced it has agreed to a rival £595 million cash takeover bid from German asset manager DWS that would…

XPS Pensions Group plc, the pensions actuarial, consulting and administration business, said it has entered a strategic alliance with Edinburgh-based investment giant Abrdn plc to…

Edinburgh-based Capricorn Energy — formerly called Cairn Energy — said on Tuesday it made a 2021 pretax profit of $873.7 million from continuing operations compared…

The UK’s Takeover Panel has extended the deadline by which Kuwait-based National Aviation Services (NAS) must make a firm takeover offer for Edinburgh-based aviation logistics giant John…

ISA investors have kept faith in Baillie Gifford and its flagship fund Scottish Mortgage despite the turbulent start to 2022 for stock markets and the…

Edinburgh-based Capricorn Energy — formerly called Cairn Energy — is publishing a shareholder circular relating to the proposed return of $500 million of the $1.06…

Dundee investment trust company Alliance Trust plc announced that its investment manager Willis Towers Watson (WTW) has terminated River and Mercantile (R&M) Asset Management LLP’s mandate…

Polling for charity Citizens Advice Scotland (CAS) by YouGov has found 41% of Scottish adults found their financial position got worse during the pandemic, with…

Eilidh Mactaggart, the former chief executive of the Scottish National Investment Bank, has said she resigned from the £235,000-a-year job for “personal reasons.” The Scottish National…

Standard Life, part of Phoenix Group, and the Organisation for Economic Co-operation and Development (OECD) have announced a major new Joint Research Initiative on pensions….

HFD Property Group announced it has agreed terms with HSBC UK to refinance its flagship 177 Bothwell Street development in Glasgow. 177 Bothwell Street’s occupiers…

Royal London said on Friday its assets under management increased about 11% to a record high of £164 billion due to positive market movements and…

London-based asset manager Schroders plc said on Thursday its 2021 profit before tax rose 25% to £764.1 million and its assets under management (AUM) increased by 10% to…

Bosses at Edinburgh-based investment giant Abrdn — including the CEO, CFO and chairman — have bought a total of £300,000 worth of shares in the asset…

Aberdeen-based North Star said it has been awarded new contracts worth more than £100 million to support new and existing clients in the UK Continental…

Businesses in Scotland are being urged by the Scottish Government to withdraw from trading with Russia following its invasion of Ukraine. Finance and Economy Secretary…

Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, announced it has entered into a short term loan facility with Bridge Barn Limited, a company…

Unilever UK Limited and four divisions of Scotch whisky giant Diageo have been expelled from a UK government-backed code that promotes fair treatment of suppliers…

Edinburgh-based Miller Homes said Stewart Lynes will be appointed chief executive officer at the end of March, 2022, succeeding current CEO Chris Endsor, who will become executive…

Glasgow-based sausage skin and food collagen products firm Devro said its revenue grew 1.9% to £252.4 million in the year to December 31, 2021. Underlying operating profit rose…

French company Altrad announced it agreed to acquire Aberdeen-based Sparrows Group, a specialist provider of engineering, inspection, operations, and maintenance services in the offshore energy,…

Shares of Glasgow-based global engineering and mining giant Weir Group rose about 10% on Wednesday after it published results for the year ended December 31, 2021, showing…

Renowned Scottish violinist and educator Nicola Benedetti will become the Director of the Edinburgh International Festival in October 2022. She will be both the first…