Brodies in leadership changes; Scott retires from law
Leading Scottish law firm Brodies LLP has announced several significant promotions as it prepares to implement its 2024 to 2027 strategic plans. Stephen Goldie will…
Leading Scottish law firm Brodies LLP has announced several significant promotions as it prepares to implement its 2024 to 2027 strategic plans. Stephen Goldie will…
About 2,500 jobs are at risk at Lloyds Banking Group plc (LBG) — owner of Bank of Scotland, Scottish Widows and Halifax — according to…
The City of Edinburgh Council announced it will contribute £60,000 to Filmhouse (Edinburgh) Ltd supporting the return of the Edinburgh Filmhouse building at 88 Lothian…
Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, said on Friday it has appointed administrators. In a stock exchange statement…
Edinburgh fund management giant Baillie Gifford has revealed that 25% of the money the firm invests is now entrusted to it “by clients who wish…
Shares of Glasgow-headquartered Virgin Money UK plc fell as much as 7% on Thursday after it said its profit before tax fell 42% to £345…
Aberdeen-headquartered transport giant FirstGroup plc said its first-half adjusted profit before tax more than doubled to £71.3 million in the 27 weeks to September 30,…
Macfarlane Group, the Glasgow-based packaging, design and distribution firm, said it expects its adjusted profit before tax for 2023 to be ahead of last year and…
Weir Group, the Glasgow-based global engineering and mining giant, said it has acquired SentianAI, a Swedish-based developer of AI solutions “that optimise performance in minerals processing.”…
UK finance minister Jeremy Hunt said on Wednesday he would explore options for a NatWest share offer to the public in the next 12 months, to…
UK finance minister Jeremy Hunt has cut national insurance payments for about 27 million people in his autumn statement ahead of a general election expected next…
Grangemouth operator Petroineos has announced that fuel refinery operations at the site will cease in the Spring of 2025 and the plant will be transformed into…
AEG Europe, owners of The O2 venue in London, are seeking planning approval for an 8,500-capacity arena at Edinburgh Park. “With unrivalled public transport and…
Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, said it expects “to proceed with an administration process for SGZ Cononish…
Prominent Scottish fund manager Anne Richards is unexpectedly stepping down after five years as CEO of Fidelity International, leaving the asset manager without an immediate replacement. Fidelity…
Glasgow-based Alba Bank – the UK’s newest challenger bank dedicated to supporting SMEs – has made a significant step towards supporting the UK’s small- and medium-sized…
Shutting down obsolete North Sea oil and gas platforms is a business opportunity worth more than £20 billion over the next decade, according to calculations…
Shares of Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc rose as much as 8% after the firm said it is confident of a return…
The value of venture capital (VC) invested into Scotland’s start-ups rebounded significantly in the third quarter of 2023 due to a handful of high value…
The UK’s public sector net borrowing excluding public sector banks (PSNB ex) in October 2023 was £14.9 billion, £4.4 billion more than in October 2022…
Abrdn CEO Stephen Bird had “a personal preference” to sell the firm’s £368 billion investment management business after completing its acquisition of Interactive Investor last…
A bottle of Scotch whisky has been sold for almost £2.2 million ($2.7 million) — an auction record for a bottle of wine or spirits, according…
The managers of the £380 million Baillie Gifford European Growth Trust plc admitted their investment style “is very much out of favour” and they have “undoubtedly…
Edinburgh asset management giant Abrdn and China Construction Bank, the second largest bank in China, signed a memorandum of understanding during the China International Import…
Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), announce that it has agreed a new financing facility of £15 million…
Troubled Thurso-based battery cell developer AMTE Power has announced a conditional subscription agreement to raise £2.5 million at 1.7p per ordinary share from Pinnacle International Venture…
Intelligent Growth Solutions Ltd (IGS), the Scotland-based agritech infrastructure business, has launched a world-first international research network to fast-track “vertical farming” innovation. The network is designed…
Inflation in the UK slowed by more than expected in October as household energy prices fell and services sector price growth also eased. Annual consumer price…
SSE plc, the Perth-based electricity infrastructure giant, said its capital investment expectations have been upgraded by £2.5 billion to £20.5 billion for its five-year investment…
Glasgow-based Glox Therapeutics, a company pioneering the development of precision antibiotic therapies based on naturally occurring bacteriocins, announced it has raised £4.3 million in seed…
Social Security Scotland has published its Annual Report and Accounts, which show that it made £641 million in direct payments in the year to March…
Beeks Financial Cloud Group plc, the Glasgow-based cloud and connectivity provider for financial markets, announced the signing of a multi-year contract with a “Tier 1 investment…
XLCC, the high voltage direct current cable (HVDC) manufacturing company, said it has been awarded a £9 million grant by Scottish Enterprise to continue the…
Phoenix Group said it has increased its cash generation targets after completing “the funds merger of the Standard Life and Phoenix Life businesses into Phoenix Life…
Mocean Energy, the Edinburgh and Aberdeen-based wave energy pioneer, said it has raised £2.2 million new equity alongside a £500,000 grant to drive the commercialisation of…
Kelso Pharma, the growing specialty pharma business, has taken the first step in a European expansion strategy by agreeing to acquire Italian specialty pharma company…
Scottish private sector companies increased their workforce numbers in October. The rate of job creation in Scotland was the fastest in five months and the…
The value of Scottish salmon exports has risen 7% in a year as international demand continues to grow. New HMRC data analysed by trade body…
NatWest said on Friday it is planning to cancel about £7.6 million in pay and awards for its former CEO Alison Rose following a law…
John Wood Group, the Aberdeen-based engineering and consulting giant, said its third-quarter revenue rose 8% to $1.477 billion. Group revenue for the first nine months of…
Financial and related professional services exports from Scotland increased 3.1% year on year in 2021 to £9.2 billion, according to a new report from TheCityUK called…
Edinburgh-based oil and gas firm Capricorn Energy has announced the postponement of its “Detailed Operational Update” previously planned for November 30, 2023. “This is due to…
Scottish Enterprise (SE) said its figures for the 2022-23 financial year reveal it has supported the highest-ever number of academic spin outs via its High…
Salaries paid to newly-placed permanent staff in Scotland continued to increase at a “marked pace” in October, according to the latest Royal Bank of Scotland…
Fast-growing Aberdeen-based accountants and business advisors AAB announced the appointment of Emma Lancaster as its new chief executive. Lancaster will succeed Graeme Allan, who has been…
The UK’s data watchdog, the Information Commissioner Information (ICO), has apologised to former NatWest chief executive Alison Rose for suggesting that she personally breached data rules…
Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, said on Tuesday it is considering the appointment of administrators over the…
Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, announced that it has signed a new affordable housing contract worth £6.1 million…
By Mark McSherry Edinburgh-based investment giant Baillie Gifford revealed on Monday that its assets under management and advice have fallen again — this time to…
Souter Investments said it has agreed terms to acquire Premier Hytemp, a global provider of turnkey metals and precision engineering solutions for the energy industry….
Filmhouse (Edinburgh) Ltd, the organisation working to reopen Edinburgh’s iconic Filmhouse cinema, have achieved a significant milestone in their fundraising campaign, securing a major grant…
Forth Green Freeport said it has appointed former banker Susan Rice as its inaugural independent chair to oversee the delivery and governance of the consortium’s…
Scotch Whisky firm William Grant & Sons — maker of Glenfiddich and The Balvenie — has announced the appointment of Søren Hagh as chief executive…
Weir Group, the Glasgow-based global engineering and mining giant, announced the appointment of Brian Puffer to the company’s board of directors as chief financial officer (CFO)…
John Wood Group, the Aberdeen-based engineering and consulting giant, announced the appointment of Arvind Balan to the company’s board as chief financial officer (CFO) and…
Offshore Energies UK (OEUK), the trade body for the sector, welcomed the offer of new oil and gas licences by the North Sea Transition Authority…
Scotland’s £42 million national Techscaler network is being expanded to support more of the country’s most promising young technology companies. A partnership with Borders organisation…
Scotland’s banking sector has agreed on a plan to ensure every Scot is offered a basic bank account. The agreement is part of “Scotland’s new…
Shares of NatWest – formerly called RBS – fell as much as 18% on Friday after a profit downgrade in its third quarter results and further…
Trade body Scottish Financial Enterprise (SFE) has launched “Scotland’s new vision for financial services: a sector growth strategy using our technology and ecosystem advantage.” The plan aims to unlock…
Scottish Government projections suggest it cannot afford to pay for public services in their current form, according to the Stephen Boyle, Auditor General for Scotland. Audit…
Weir Group, the Glasgow-based global engineering and mining giant, announced that Penny Freer has been appointed to its board as an independent non-executive director with…
Edinburgh-based investment giant Abrdn plc announced that its US subsidiary, Abrdn Inc, has entered into an agreement with First Trust Advisors L.P. to acquire the assets…
National Galleries of Scotland announced the appointment of Anne Lyden as its new Director-General. Lyden was most recently Interim Co-Director of Collection and Research. She…
A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers, has announces the acquisition of the Rio soft drinks brand through the…
Total assets under management (AUM) at the world’s 500 largest asset managers amounted to $113.7 trillion at the end of 2022, according to new research…
International travellers to Scotland made 1.2 million visits to the country in the second quarter of 2023 and spent a record £1 billion, according to quarterly…
Scotland’s First Minister Humza Yousaf told the SNP Conference in Aberdeen that Scotland is to go directly to the international bond market for the first…
SSE Renewables and its partner TotalEnergies have announced all turbines at the 1.1GW Seagreen Offshore Wind Farm off the coast of Scotland are now fully…
Edinburgh investment giant Abrdn announced it agreed to sell its £7.5 billion-asset European headquartered private equity business to Nasdaq-listed Patria Investments. Abrdn manages and administers…