Members of LINC Scotland, the national business angel group, invested more than £50 million in young companies in Scotland for the first time in 2022….

Abrdn said it has launched a purpose-built student accommodation (PBSA) platform called MYS Student Living. “This is a natural evolution as Abrdn further expands its…

The £1.1 billion Abrdn Private Equity Opportunities Trust plc (APEO) said it showed growth in annual Net Asset Value (NAV) “in spite of the difficult…

Shares of A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers, rose as much as 5% after it published a…

The UK is the only Group of Seven nation to have suffered a cut to its 2023 economic growth outlook in the International Monetary Fund…

Brexit is costing the UK economy £100 billion a year, with the the effects spanning everything from business investment to the ability of companies to…

Cardiff-based Finsbury Food Group announced it has acquired 100% of the share capital of Coatbridge-based Lees Foods Limited, the maker of teacakes, snowballs and meringues,…

Dividends from UK listed firms rose 8% to £94.3 billion in 2022 on a headline basis, with growth held back by a one third decline…

London-listed companies issued 305 profit warnings in 2022, 50% higher than 2021, according to a report by consultancy firm EY-Parthenon. “Our latest data shows that…

Menzies Aviation and SAL Saudi Logistics Services said they have signed a Memorandum of Understanding to develop a comprehensive study on delivering best in class…

UK Prime Minister Rishi Sunak fired the UK Conservative Party chair Nadhim Zahawi from the UK government on Sunday after Sunak said an investigation into…

The Investor Forum, an influential group of big institutional investors, has warned that UK equities as an asset class will continue to diminish “unless companies,…

The airline Flybe has ceased trading for the second time in three years, cancelling all flights to and from the United Kingdom. A statement on…

A manager of the £510 million Abrdn UK Smaller Companies Trust plc has said that UK markets may be “closer to their low point than other…

The Port of Grangemouth, Scotland’s largest freight hub, said it has exported a bumper Scottish tattie season with 65,000 tonnes of seed potato exported around…

New data from financial mutual Scottish Friendly reveals that the number of new stocks and shares ISA policies opened by adults in Scotland fell 17%…

The expanded Port of Aberdeen said it will welcome a wide range of new cruise vessels to the city in 2023, which could boost the…

Glasgow-based Smart Metering Systems plc (SMS) announced that its results for 2022 are expected to be ahead of its previous expectations and that its full-year…

TSB has reported a record statutory profit before tax of £183.5 million for 2022, up 16.5% on 2021, and said it proposes to pay Spanish…

Edinburgh Airport has published its 2022 passenger traffic statistics, showing a strong recovery compared with both the previous year and its busiest year on record,…

A record breaking £705 million of venture capital (VC) was invested in some of Scotland’s most promising businesses last year, the largest amount on record,…

A Scottish Parliament committee has called for an expanded role for the Scottish National Investment Bank (SNIB) “to act as an interface between local government…

SSE Renewables has published a report that sets out the company’s plans to “better co-exist with fisheries when building and developing offshore wind energy.” The…

The UK’s Financial Conduct Authority (FCA) has alleged that three Glasgow-based money transfer firms fixed prices charged to customers in Glasgow for transferring money from…

The UK’s public sector borrowing (PSNB ex) in December 2022 was £27.4 billion, the highest December figure since monthly records began in January 1993, largely because…

Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), has announced a changer of leadership and a positive trading update for…

Edinburgh-based oil and gas firm Capricorn Energy announced that it has conceded victory to shareholder pressure with CEO Simon Thomson, chair Nicoletta Giadrossi and several directors…

Premium ice cream brand Mackie’s of Scotland has appointed a new managing director as it plans continued growth and development throughout the UK and abroad. Stuart Common,…

By Mark McSherry The £600 million Baillie Gifford US Growth Trust plc reported that the fund’s share price and net asset value (NAV) returned -4.6% and…

Baillie Gifford’s £880 million Edinburgh Worldwide Investment Trust reported that the company’s net asset value (NAV) per share decreased by 40.3% and the share price by 46.0%…

Glasgow-based sausage skin and food collagen products firm Devro — which agreed in November to a takeover by German food manufacturing company Saria SE & Co…

SSE plc, the Perth-based electricity infrastructure giant, on Friday raised its annual earnings forecast and said it would invest any additional profit it makes into low-carbon electricity infrastructure….

Shares of Edinburgh-based Craneware, a provider of software for the US healthcare market, fell as much as 10% after it published a trading update saying…

The latest Scottish business survey by the Scottish Chambers of Commerce (SCC) shows Scottish firms and the economy “faltering under increasing cost pressures and declining…

Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, has reported that its gold concentrate shipments totalled 1,078 tonnes with a sales…

The Scotland and Northern Ireland team of the Business Growth Fund (BGF) has reported a “strong” year for 2022, delivering a series of successful exits…

Glasgow-based SB Drug Discovery announced that it has been acquired by Nottingham-based Sygnature Discovery, an integrated drug discovery firm. SB Drug Discovery said the transaction…

Hilltop Leaf, the company behind Scotland’s first medicinal cannabis cultivation and production facility, said it has raised £2 million from Traditum Private Equity and private…

Glasgow-based financial mutual firm Scottish Friendly has appointed Stephen Campbell as Chief Operating Officer (COO). Campbell has over 25 years of experience in financial services,…

University of Edinburgh spinout Blackford Analysis, a medical imaging Artificial Intelligence (AI) company, has announced its acquisition by global life science company Bayer. Spun out…

Hybrid working arrangements are now offered by 87% of employers in Scotland’s financial and professional services industry, up from 46% before the pandemic. That’s according to…

Glasgow-based fashion firm Quiz plc published a trading update for December 2022 showing total group sales in the month increased 11% year on year to…

M&G plc, the international saving and investment business, announced the appointment of Joseph Pinto as its next chief executive officer of M&G Asset Management. Pinto…

Scottish Widows announced it is bolstering its pensions and savings leadership team with the appointment of Carolyn Jones as retirement director. Jones will join Scottish…

Scotland’s estimated employment rate — the proportion of people aged 16-64 in work — was at a record high of 76.1% in the September to November…

Heart of Midlothian Football Club chair Ann Budge is to retire as non-executive director of Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc. Calnex announced the…

The North Sea Transition Authority (NSTA) said 115 applications have been received for the UK’s 33rd offshore oil and gas licensing round. The bids are…

The Scottish Government announced that former DC Thomson Publishing CEO Ellis Watson has been appointed as Chief Business Advisor to First Minister Nicola Sturgeon. The…

Edinburgh-based upmarket home builder Cala Group, currently owned by Legal & General, announced its revenue rose 9% to £1.36 billion in the year to December 31, 2022. Cala…

The latest Royal Bank of Scotland Purchasing Managers’ Index (PMI) data showed that private sector activity fell “solidly” in Scotland during December. The Business Activity Index…

Scottish angel syndicate Equity Gap recorded another record year in 2022 as the total investments to date into portfolio companies by the group reached £200…

Unite, the UK’s largest offshore trade union, said over 200 of its members have accepted an improved wage offer at Petrofac Repsol installations in the North Sea. Unite…

Real estate investment firm Capreon announced it has acquired Edinburgh Quay, a city centre complex of three office buildings at the east end of Fountainbridge…

Forth Green Freeport and Inverness and Cromarty Firth Green Freeport have been jointly selected by the Scottish and UK governments to become Scotland’s first Green…

Edinburgh-based investment group Baillie Gifford has appointed Arthur Milson as a co-manager of its £631 million Baillie Gifford High Yield Bond Fund. Milson joins existing managers…

Foresight Group, a listed private equity and infrastructure investment manager, announced the launch of a new fund dedicated to investment in Scottish SMEs. Foresight said…

Scottish digital health company PneumoWave announced the closing of £7.5 million Series A financing. The firm said the financing will “enable clinical validation and regulatory…

Aberdeen-based global engineering and consulting giant John Wood Group said its revenue rose 3% to $5.4 billion and its order book stood at $6 billion…

IPO activity on the London stock markets fell 90% by proceeds and 62% by number of listings in 2022 when compared to the record highs…

The Scottish Government’s newly-published energy strategy has been branded a “breathtaking betrayal” of the oil and gas sector by Russell Borthwick, the chief executive of…

Starting salaries across Scotland rose at a much faster pace in December than that recorded at the UK level, according to the latest Royal Bank…

Perth-based transport giant Stagecoach, now owned by German asset manager DWS, has announced a “transition to a new management team as the business evolves and looks to…

Scottish fintechs attracted over £305 million in funding in the last 12 months, an increase of over 200% on the previous year. FinTech Scotland announced…

James Watt, CEO and co-founder of Aberdeenshire-based craft brewing firm BrewDog, said he has paid out almost £500,000 to winners of the company’s misleading “solid gold”…

Jedburgh-based IndiNature, the bio-based materials and construction products firm, has announced a follow-on investment of £2 million from existing major investor the Scottish National Investment Bank….

Edinburgh-based Capricorn Energy has arranged a general meeting of the company for February 1 that was requested by its third-biggest shareholder Palliser Capital to vote on…

An “unprecedented” shortage of skilled labour in Scotland’s financial services sector will be the defining issue of the coming year, according to an influential annual…

Glasgow-based Arnold Clark Automobiles, Scotland’s biggest privately-owned company, said it is recovering from a cyber attack just before Christmas. “Late on the evening of 23rd…

Edinburgh-based retirement adviser platform Nucleus Financial has agreed to buy Bristol-based SIPP provider Curtis Banks in a £242 million cash deal, taking Nucleus’ assets under administration to £80…

London-based Vesuvius plc, a molten metal flow engineering and technology firm, announced the appointment of Mark Collis of Aberdeen-based John Wood Group as Vesuvius chief financial officer. Collis…