UK Treasury, central bank fail to calm sterling crisis
Attempts by the UK central bank and Treasury on Monday to steady the pound failed to reassure markets — as sterling fell to record lows and…
Attempts by the UK central bank and Treasury on Monday to steady the pound failed to reassure markets — as sterling fell to record lows and…
The rising cost of living has caused bills in the average Scottish household to rise by £167 per month during 2022, according to new research…
By Mark McSherry — Consumer products giant Unilever announced that its Scottish CEO Alan Jope has informed the board of his intention to retire from the…
Almost half of Scottish workers are spending at least one day a week working at home, new figures have revealed. In a UK government survey…
Student startup firms from the University of Edinburgh have secured over £30 million in combined investment over the last year, nearly three times the amount…
Former Scottish Enterprise CEO Lena Wilson will become the new chair of NatWest Group’s Performance and Remuneration Committee. In a stock exchange statement NatWest, formerly…
Jim Higgins, Tax Director at Deloitte in Scotland: “A number of the UK Chancellor’s changes announced today will not automatically apply to Scotland. “Earlier this…
The UK pound hit a new 37-year low against the US dollar and UK government bonds sold off sharply on Friday as markets prepared for…
By Mark McSherry The debt of the UK government was £2.427 trillion at the end of August 2022, an increase of £195.2 billion compared with…
Shares of Glasgow-based fashion firm Quiz plc rose about 5% on Thursday after former JD Sports Fashion Plc executive chairman Peter Cowgill purchased 410,000 ordinary shares…
Scottish Rugby has published its Financial Statements 2021-22 ahead of the second part of the organisation’s AGM on September 28, 2022. Scottish Rugby said its…
In a move to strengthen energy security, the UK government has confirmed its support for a new oil and gas licensing round, expected to be…
The UK’s central bank raised its key interest rate to 2.25% from 1.75% on Thursday and said it will continue to “respond forcefully, as necessary” to…
Abrdn’s £1 billion Murray Income Trust has increase its dividends per share 4.3% to 36p despite its net asset value (NAV) falling 4% in the year ended June…
The board of Edinburgh-based investment giant Abrdn plc announced that Cecilia Reyes will not seek a second term at the conclusion of her three-year term…
Shares of Aberdeen-based global engineering and consulting giant John Wood Group rose as much as 8% on Wednesday as it announced it completed the sale of…
Evelyn Partners, the wealth management and professional services group created from the merger of Tilney and Smith & Williamson, has agreed terms for new landmark…
Celtic plc announced that its revenue increased 45.2% to £88.2 million in the year to June 30, 2022, and profit before taxation was £6.1 million…
Shares of Edinburgh-based Craneware, a provider of software for the US healthcare market, rose 7% on Tuesday after it published results for the year ended…
Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, said its revenue increased 18.6% to a record high of £257.1. million…
Glasgow-based Virgin Money announced the appointment of Sarah Wilkinson as chief operating officer. Wilkinson will join Virgin Money from Thomson Reuters, where she is the…
By Mark McSherry Aberdeen-based bus and rail giant FirstGroup plc announced the sale by its subsidiary FirstGroup Services, Inc. of all but two of its remaining Greyhound…
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…
Edinburgh investment giant Abrdn is considering a plan to return up to £500 million to shareholders to placate investors following its relegation from the FTSE…
The British pound fell on Friday to a fresh 37-year low on the US dollar — and a 17-month low on the euro — as…
Macfarlane Group, the Glasgow-based packaging, design and distribution firm, announced the appointment of former John Lewis executive Laura Whyte as a non-executive director with effect from…
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…
New York-based Stellex Capital Management, a mid-market private equity firm, announced that former Abrdn global head of private equity Mark Redman has joined its senior…
Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), said its revenue increased 25% to £9.9 million in the six months…
Scotland’s unemployment rate fell to a record low of 3.1% between May and July, according to the latest report from the Office for National Statistics…
Edinburgh-based ready meals firm Parsley Box Group plc — which serves the over 65 demographic — said its pretax loss narrowed to £2.7 million in the six months…
Glasgow-based Smart Metering Systems plc (SMS) announced its revenue rose 21% to £62.7 million in the six months ended June 30, 2022, and profit before…
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…
Shares of Beeks Financial Cloud Group plc, the Glasgow-based connectivity provider for financial markets, rose about 6% after it confirmed that the first customer for…
Purchases of investment trusts on adviser platforms for first half of 2022 hit £700 million, the highest ever for a six-month period, according to data…
New UK prime minister Liz Truss has announced an estimated £150 billion plan to protect the British public from soaring energy prices for two years. However,…
Data for August has revealed a renewed fall in permanent staff hires across Scotland, according to the latest Royal Bank of Scotland Report on Jobs…
FirstGroup announced that First Bus has agreed to sell its First Scotland East business and all its routes in the area to McGill’s Group. The…
Offshore Energies UK (OEUK) has called for a “rapid acceleration of investment” into North Sea oil, gas and offshore wind — and a prompt announcement…
The Scottish Government has announced a combined rent freeze and moratorium on evictions to help people through the cost of living as the centrepiece of its…
Phoenix Group, the UK’s largest long-term savings and retirement business, said it made two key appointments to its executive committee. The brands of Phoenix include…
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…
Edinburgh-based Capricorn Energy said on Tuesday it is “exploring a number of expressions of interest relating to alternative transactions” to the all-share merger with London-based Tullow…
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”…
Incoming UK Prime Minister Liz Truss has agreed to plans to fix annual electricity and gas bills for a typical UK household at or below…
Abrdn UK Smaller Companies Growth Trust plc said that after 37 years with Standard Life and Abrdn, Harry Nimmo will retire from Abrdn at the…
Liz Truss will become the next prime minister of the UK after winning a leadership race for the UK’s Conservative party on Monday. Truss vowed…
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…
Thurso-based battery cell developer AMTE Power plc announced that its chief financial officer (CFO) James Hobson intends to leave the firm to take up the role…
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…
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…
Scottish Financial Enterprise (SFE) has announced a new chair along with other appointments to a new-look board. SFE said current deputy chair John McGuigan will…
Index compiler FTSE Russell confirmed on Wednesday that Edinburgh-based investment giant Abrdn will drop out of the FTSE 100 index as a result of its…
Former whisky executive Iain Baxter has been announced as the new chief executive of industry leadership body Scotland Food & Drink. With a membership of…
The Scottish Land Commission has made key hires to add to its team of 19 staff working on policy and practice in shaping how Scotland’s…
This year’s Edinburgh Festival Fringe saw an estimated 2.2 million tickets sold for 3,334 shows which were performed by artists from 63 countries. That’s down…
The UK’s two banking regulators said on Friday they would take no enforcement action against certain former senior managers at HBOS, which collapsed in 2008….
New figures from Scottish Development International (SDI) show that support it provided to companies across Scotland in the past financial year will result in £1.44 billion…
British energy bills will soar 80% to an average of £3,549 a year from October, UK regulator Ofgem said on Friday. Ofgem called the situation…
Glasgow-based cloud computing firm Iomart Group announced the appointment of Lucy Dimes as non-executive chair of the company, with effect from its AGM on August…
Shares of Macfarlane Group, the Glasgow-based packaging, design and distribution firm, fell about 4% on Thursday after it published half-year results warning that it expects…
Edinburgh-based investment giant Abrdn may be demoted from the FTSE 100 index at the next quarterly review, according to indicative results announced by index compiler…
Scotland’s public sector revenue has been estimated at £73.8 billion for 2021-22 — up a record £11.1 billion from the previous year. Scottish public spending…
SSE Renewables and its partner TotalEnergies announced first power generation from the Seagreen offshore wind farm 27km off the coast of Angus in Scotland. The…
Scottish law firm Burness Paull said it reported “strong” results for the year ended July 31, the second of the firm’s three-year strategy that is…
Aberdeen-based global engineering and consulting giant John Wood Group said on Tuesday its order book rose 5% to $6.42 billion but revenue was flat at…
Consumer price inflation in the UK is set to peak at 18.6% — which is nine times the target of the UK’s central bank —…
Edinburgh and London-based private bank Hampden & Co said its deposits rose 21% to £731 million as it reported record results for the first half of the…
The chief executive of SSE plc, the Perth-based renewable energy and power networks giant, has said the UK government “can smooth energy costs for households beyond what industry…
The debt of the UK government was £2.388 trillion at the end of July 2022 — an increase of £188.4 billion compared with July 2021…