Business Bank hires McCulloch for Scotland
The British Business Bank has appointed a new Scottish representative to its UK Network team, with senior manager Barry McCulloch spearheading the bank’s presence north…
The British Business Bank has appointed a new Scottish representative to its UK Network team, with senior manager Barry McCulloch spearheading the bank’s presence north…
Caledonia Housing Association announced it has secured a “uniquely structured” £75 million private placement with support from NatWest to “further its commitment to both building…
London-based asset manager Schroders plc has announced proposals which it said “would lead to the enfranchisement of the non-voting ordinary shares” in the firm. “This will…
UK government borrowing was £151.8 billion in the financial year ending (FYE) March 2022, with the UK public sector net debt excluding public sector banks (PSND ex)…
Mark McSherry Twitter, Inc. announced on Monday afternoon it has entered into a definitive agreement to be acquired by a private entity wholly owned by Elon…
The UK’s first full-sized autonomous bus will take to the roads of Scotland for the first time this week as Stagecoach starts live testing the…
Shares of McColl’s Retail Group fell more than 50% on Monday after the firm warned that although a “potential financing solution is under active discussion”…
Abrdn European Logistics Income plc, a fund that invests in modern continental European warehouses, said on Friday that 2021 was a stand-out year for the…
Abrdn’s £580 million Asia Dragon Trust plc is continuing to bet big on “quality mainland companies” in China despite the current period of “extreme volatility” amid…
Swedish residential real estate firm Heimstaden Bostad AB has agreed to fund and acquire UK build-to-rent (BTR) developer PLATFORM_’s 464-home residential project in Bonnington Road,…
The Scottish Government is developing an aggressive plan to recruit and retain skilled workers from the rest of the UK. As part of a “priority…
Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, said on Thursday its Cononish Gold and Silver Mine near Tyndrum has achieved record levels of…
Stewart Milne Group announced it is embarking on a sale process of its housebuilding business following the decision of founder, principal shareholder and chairman Stewart Milne…
Edinburgh-based private bank Hampden & Co said on Wednesday that deposits from clients rose 39% to £696 million in the year to December 31, 2021, while…
Aberdeen-based bus and rail giant FirstGroup plc announced that Graham Sutherland has been appointed as chief executive officer with effect from May 16. Sutherland is…
Aberdeen-based engineering giant John Wood Group plc announced that Robin Watson intends to retire as chief executive. “The process to appoint his successor will now…
SSE Renewables announced it entered an agreement with Siemens Gamesa Renewable Energy (SGRE) to acquire its existing European renewable energy development platform for €580 million….
Abrdn’s investment platform Interactive Investor announced that the number of customers investing through its “regular investing” service rose by 19% in the first quarter of the…
The Scottish Government said that health boards in Scotland have recruited more than 1,000 new healthcare support staff and almost 200 registered nurses from overseas…
Farmland values rose by 31.2% in Scotland in 2021 against 6.2% across UK, according to a new report published by the Scottish Land Commission. The…
By Mark McSherry As fund manager James Anderson leaves Edinburgh-based investment giant Baillie Gifford after almost 40 years, he has shared more of his thoughts…
Legal & General Assurance Society Limited announced it agreed a £6.6 million full-scheme buy-in with Gordonstoun School Retirement Benefits Scheme, securing benefits for around 30…
By Mark McSherry Elon Musk has made a controversial “offer” to buy Twitter and take it private for $54.20 per share in cash in a proposed…
Abrdn-owned investment platform Interactive Investor has agreed a TV and digital sponsorship deal with Sky Media in the UK. “The partnership will feature Interactive Investor around…
Broughton Ales of the Scottish Borders and Keith-based Consolidated Craft Breweries have announced a merger. The deal brings together a portfolio of award-winning beers including…
Robertson Facilities Management (RFM) said it has been appointed by the Scottish Fire and Rescue Service (SFRS) to deliver “hard facilities management services” across its…
Shareholders of Martin Gilbert’s investment firm AssetCo have voted overwhelmingly in support of the group’s takeover of fund manager River & Mercantile. On January 25, AssetCo…
Kevin Dorren, CEO of Edinburgh-based ready meals firm Parsley Box Group plc, has bought another 320,000 shares of the company to take his holding in Parsley Box to…
Glasgow-based global engineering and mining giant Weir Group announced it successfully completed the refinancing of its main banking facility with a syndicate of 11 global banks. The…
The Scottish Government announced that two new volunteer trade and investment envoys, based in California, have been appointed to promote Scotland’s business interests to American…
SSE plc, the Perth-based renewable energy and power networks giant, announced that it successfully launched an issue of hybrid capital securities which was “well received ……
Aberdeen-based accountants and business advisors Anderson Anderson & Brown (AAB) has strengthened its leadership team across the UK with five new partners. Four of the new…
Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc on Tuesday announced the acquisition of Stevenage-based iTrinegy Limited, a developer of “software defined test networks technology for…
Edinburgh-based ready meals firm Parsley Box Group plc has reported results for its first “very challenging” year as a listed company — showing revenue increased 4%…
Edinburgh-based global investment management partnership Baillie Gifford has announced it will appoint eight new partners from May 1, 2022, and that four partners — James Anderson,…
Shares of Aberdeen-based engineering giant John Wood Group plc rose about 13% on Monday after it said an external investigation into a legacy Amec Foster Wheeler…
The Scottish private sector registered its fastest expansion in nine months with another strong performance in March, according to the latest Royal Bank of Scotland Purchasing…
Glasgow-based global engineering and mining giant Weir Group announced it has completed the acquisition of Carriere Industrial Supply Limited (CIS), a manufacturer and distributor of highly engineered…
Edinburgh-based investment giant Abrdn announced that it abstained as a shareholder on voting to approve Rio Tinto’s annual reports and accounts — citing the “nature,…
Scottish Building Society said it has posted record results for the financial year ended January 31, 2022. The mutual has seen its balance sheet grow…
Israeli energy conglomerate Delek Group announced that its North Sea subsidiary Ithaca Energy has acquired Siccar Point Energy — which owns 70% of the controversial Cambo…
The Scottish Government announced that Louise Macdonald has been appointed “interim Director-General (DG) Economy” to lead delivery of the “National Strategy for Economic Transformation.” Macdonald,…
Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, announced on Thursday it entered into an agreement with Fern Wealth GmbH of Switzerland to arrange…
Scotland’s salmon farming industry has joined calls from the Scottish food and drink industry for more flexibility in the UK’s immigration system to help address…
The £228 million Baillie Gifford China Growth Trust plc reported that its net asset value total return was -27.0% and its share price total return was -37.1%…
A shortage of talent could hamper start-ups in Scotland’s booming financial technology sector, according to senior fintech experts who spoke to the latest Core-Asset Consulting Annual…
Murray Estates announced it has received final approval from the Scottish Government for its £500 million housing development and supporting infrastructure in West Edinburgh. Murray…
EY announced it plans to double the size of its UK and Ireland (UK&I) consulting practice in the next four years, backed by £75 million…
Hawick-based Emtelle Group, a global manufacturer of “pre-connectorised blown fibre, cabling and ducted solutions,” has announced it will expand into North America for the first time by opening…
Shares of Glasgow-based cloud computing firm Iomart Group rose about 11% on Tuesday after it published its pre-close trading statement for the year ended March 31,…
Abrdn and the University of Edinburgh have formed an industry-academic partnership to establish a Centre for Investing Innovation. The project will received funding of £7.5…
A number of high flying funds and investment trusts managed by Edinburgh investment giant Baillie Gifford came back down to earth with a bang in…
Beeks Financial Cloud Group plc, the Glasgow-based cloud computing and connectivity provider for financial markets, announced its intention to conduct a fundraising to raise gross proceeds of…
By Mark McSherry — As prominent international fund manager James Anderson prepares to leave Edinburgh-based investment giant Baillie Gifford after almost 40 years, he has written…
Shares of Glasgow-based fashion firm Quiz plc rose about 40% on Friday after it published a trading update for the financial year ended March 31,…
SSE subsidiary SSEN Transmission announced it agreed terms for a £350 million private placement with Pricoa Private Capital, part of PGIM, Inc. and one of…
The Scottish Government has announced the preferred bidders for two improved road maintenance contracts worth £1.27 billion in the north of Scotland. It said the…
By Mark McSherry RBC Wealth Management, a subsidiary of Royal Bank of Canada, announced that it will acquire UK wealth manager Brewin Dolphin for £1.6 billion in…
The latest Deloitte-sponsored quarterly economic commentary from the Fraser of Allander Institute (FAI) at the University of Strathclyde said that Scotland’s growth forecast for 2022 has…
Edinburgh investment giant Abrdn said it raised £205 million at the launch of its UK-focused Commercial Real Estate Debt fund II (CRED II), with a…
Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, has reported revenue of A$6.4 million (£3.6 million) for the six months to December 31, 2021….
The board of Edinburgh-based airport logistics giant John Menzies said on Wednesday it will recommend that shareholders accept a £571 million cash takeover offer from Kuwait-based…
The board of The Scottish Investment Trust plc announced on Tuesday that its proposed scheme of reconstruction and combination with JPMorgan Global Growth & Income plc…
The UK’s Pension Protection Fund (PPF) announced that its investments in forestry have grown 20% over the last year to reach £1 billion. Last year the…
Shares of Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), rose as much as 7% on Tuesday after it…
A new report from powerful trade body Offshore Energies UK (OEUK) has warned that the UK will have to import almost all its gas and…
A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers, said on Tuesday its statutory profit before tax rose 62.3% to £42.2…
Shares of Perth-based renewable energy and power networks giant SSE touched a record high over £17 a share on Tuesday after the company raised its annual earnings…
The Scottish Government is introducing a new Register of Persons Holding a Controlled Interest (RCI) in land on April 1, 2022, as part of its…
Stirling-based construction and infrastructure firm Robertson Group has reported a “bounce back in performance” following the pandemic with £588 million in turnover for the 12 months…