FirstGroup shares soar amid boost to buses, buyback
Shares of Aberdeen-headquartered transport firm FirstGroup plc rose about 15% on Thursday after it beat annual profit forecasts as its bus passenger numbers were helped by…
Shares of Aberdeen-headquartered transport firm FirstGroup plc rose about 15% on Thursday after it beat annual profit forecasts as its bus passenger numbers were helped by…
NatWest Group and the University of Edinburgh announced a new partnership based on “challenge-led research and innovation” that will improve how data is used to…
Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, announced on Wednesday that Sean Duffy, the company’s CFO and board director, has…
Scotch Whisky giant Diageo plc announced on Wednesday that Ivan Menezes, who held the CEO role at the world’s biggest spirits company for 10 years, has…
Major structural reforms are required to the current way skills are delivered in Scotland, according to an independent review of the system by former Scotland…
The Scottish National Investment Bank announced that Mark Munro has been appointed to the new role of Chief Investment Officer (CIO). The new role will…
XPS Pensions Group has estimated that the aggregate surplus of UK pension schemes rose in May to £110 billion. XPS said a significant rise in…
The lead manager of the £1.1 billion Abrdn Private Equity Opportunities Trust plc (APEO) has responded to recent criticism of private equity investment companies by…
Edinburgh-based Securities Trust of Scotland, the £230 million global fund, announced it has changed its name to STS Global Income & Growth Trust plc. The investment…
Energy regulator Ofgem announced that SSE Generation Limited is to pay £9.78 million for “breaching its licence after securing excessive payments from the National Grid…
Scottish construction waste recycling firm Brewster Brothers is investing £6 million in a second recycling plant at Gartshore, near Cumbernauld. “The increasing appetite for recycled aggregates and…
Scotland’s food and drink industry is being showcased to high-profile French chefs this week to raise awareness of the country’s world-class produce. Six French chefs,…
Hargreaves Lansdown has appointed former Brown Shipley executive Toby Vaughan as its new chief investment officer, responsible for the HLFM fund range. “Toby’s responsibilities include…
Glasgow-based cloud computing firm Iomart Group has agreed to acquire Extrinsica Global, a Microsoft Azure Cloud solution services provider with offerings including managed Azure Cloud, Azure…
Scotland has returned to its historic position as the top location for financial services foreign direct investment (FDI) in the UK outside of London, according…
NatWest Group — formerly known as RBS — said on Monday it has completed its acquisition of a majority shareholding in workplace savings and pensions…
Law firm Burges Salmon has appointed Jennifer Mellor as a new Edinburgh-based director in its Funds and Financial Regulation team. “Jennifer joins Burges Salmon from…
Abrdn, the Edinburgh-based investment giant, has announced the start of a share repurchase programme of up to £150 million, which is being undertaken by J.P….
Scotch Whisky and drinks giant Diageo plc announced that its new CEO Debra Crew has taken up the position a month earlier than expected, with…
Eleanor Shaw has been appointed as the new Head of the University of Glasgow Adam Smith Business School. Professor Shaw will start her role on…
Border to Coast Pensions Partnership, one of the UK’s largest asset owner pools, has appointed Edinburgh investment giant Abrdn “to support the launch and portfolio…
The Federation of Small Businesses (FSB) in Scotland has published the results of its Big Small Business Survey, which shows that 60% of businesses intend…
NatWest Group and the government of Ireland each sold a 5% stake in Permanent TSB Group and will receive €55.2 million of gross proceeds each. The…
NatWest Group, formerly called RBS, and Ireland’s finance ministry said on Thursday they would together sell 6% of Irish bank Permanent TSB. The two shareholders…
Equity Gap, the Edinburgh-based angel investment syndicate, has announced changes to its top team that will see the syndicate continue to expand its portfolio across…
St Andrews University spinout firm Pneumagen, a clinical stage biotech company, announced that it has secured £8 million in financing from existing and new investors. Pneumagen…
Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, said on Thursday that its CEO Phil Day has notified the board of his…
Scottish Land & Estates (SLE), the rural business organisation, has appointed Dee Ward as its new chair. Ward succeeds Mark Tennant, who has been SLE chair…
MilliporeSigma, the US and Canada Life Science business of Merck KGaA, Darmstadt, Germany, announced that its Life Science business sector is investing €35 million in…
Scottish economic growth was four times that of the UK as a whole in the first quarter of 2023, according to figures from the Office…
Edinburgh-based investment group Abrdn said it has sold its remaining £198 million stake in HDFC Life, a long-term life insurance provider in India. Abrdn has…
Highlands and Islands Airports Limited (HIAL) board has announced the appointment of Stewart Adams as interim managing director. Adams has worked with airlines and airport…
The Scottish Child Payment is now being received by the families of more than 300,000 children and young people, according to official statistics cited by…
The £1.3 billion Edinburgh Investment Trust plc announced its Net Asset Value (NAV) per share on a total return basis increased 7.9% in the year to…
Edinburgh biotechnology firm Lentitek Ltd, a developer of manufacturing technologies enabling economic delivery of advanced cell and gene therapies, announced that it has secured £250,000 in…
A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers, was given a black eye by shareholders at its AGM on…
Cable manufacturing company XLCC said North Ayrshire Council Planning Committee has granted full planning permission for its HVDC subsea cable manufacturing operations in Hunterston. The decision…
International visitors spent £3.2 billion in Scotland last year, up 24% on 2019, according to the International Passenger Survey (IPS) tourism statistics for 2022 by…
The Scottish Government estimated on Thursday that its current resource spending requirements could exceed funding by £1 billion in the next financial year, and by £1.9…
A Bill that would enable Scottish councils to invest more in local tourism facilities and services through a levy on overnight stays — a tourist…
S&P Global Ratings has affirmed its A+ long-term issuer credit ratings on Wheatley Group — Scotland’s biggest social landlord. Wheatley owns and manages over 93,700…
SSEN Transmission — part of SSE Plc — announced it has signed its first ever sustainability-linked Revolving Credit Facility (RCF), “further reinforcing the company’s commitment…
Passenger services on the new Edinburgh Trams route to Newhaven are scheduled to start at 12 noon on June 7, it was announced on Thursday….
Brodies Middle East LLP, the first international arm of Scottish law firm Brodies LLP, has opened an office in Abu Dhabi. Having serviced clients in…
By Mark McSherry SSE plc, the Perth-based electricity infrastructure giant, unveiled plans on Wednesday that could see it invest up to £40 billion over the…
By Mark McSherry The UK government borrowed more than forecast in the first month of the new fiscal year due to higher debt interest payments,…
Business confidence in the UK Continental Shelf (UKCS) is at a near record low, falling from +36 points last April to -37 today. That’s according…
Glasgow-based cloud computing firm Iomart Group announced the appointments of Annette Nabavi and Adrian Chamberlain as independent non-executive directors of the company. Following six years on…
Shares of Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc rose as much as 8% on Tuesday after it said its revenue grew 25% to £27.4…
SSE Renewables has unveiled plans to convert its 152.5MW Sloy Power Station, the UK’s largest conventional hydro power plant, into a new pumped hydro storage facility…
Blackford, Perthshire-based natural source water producer Highland Spring Group announced that Mark Steven, who alongside Simon Oldham, is currently joint managing director of the business, “has…
Scotland’s increasingly valuable rural land is only available “to a limited few” as high demand from forestry, natural capital investment and corporate estate buyers continues…
Scottish Enterprise has published a report into Scotland’s blockchain economy with a forecast that claims the technology has the potential to add £4.48 billion to…
Scottish salmon exports to Asia more than doubled to £24 million in the first three months of this year in response to growing demand, new…
NatWest Group — the bank formerly known as RBS — has agreed to buy £1.26 billion worth of its shares back from the UK government as…
New research from Scottish Enterprise shows the value of equity investment secured by Scottish businesses in 2022 reached a record £953 million in 2022, an…
London-based investment fund Sparta Capital on Friday repeated its call for John Wood Group, the Aberdeen-based global engineering and consulting giant, to launch a share buyback…
Two of Scotland’s longest established fresh produce organisations, East of Scotland Growers Ltd (ESG) and R&K Drysdales Ltd (RKD), have completed a merger and created…
The North Sea Transition Authority (NSTA) announced it has awarded 20 carbon storage licences, which it said could store up to 30m tonnes of CO2 a…
Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), announced on Thursday that Billy McCarter, formerly interim finance director, has been…
Port of Aberdeen has announced that it returned to pre-pandemic levels of activity in 2022, one year ahead of forecast. The port increased turnover by…
Scottish Rugby Limited — the operating company responsible for the day-to-day business of Scottish rugby — has announced the appointment of Scottish Financial Enterprise chair…
The £13.3 billion Scottish Mortgage Investment Trust, Baillie Gifford’s flagship fund, has reiterated its commitment to investing in “exceptional growth companies” despite announcing share price and net…
Murray Capital announced it has sold its stake in Scottish independent financial advisory firm Argyle Consulting. Argyle Consulting was established in 1997 and has offices…
Former Baillie Gifford and Scottish Mortgage fund manager James Anderson has joined an investment management firm backed by the Agnelli Italian industrial dynasty. Anderson has joined…
The latest Royal Bank of Scotland Purchasing Managers Index (PMI) report showed Scotland’s private sector enjoyed the strongest growth in output in 10 months in April….
Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, said on Monday the firm’s ability “to continue as a going concern is…
By Mark McSherry New York private equity firm Apollo Global Management announced on Monday morning it “does not intend to make an offer” for Aberdeen-based global…
UK dividends rose 4.6% on a headline basis to £15.2 billion and ahead of forecasts during the first quarter of 2023, according to the Dividend…
Abrdn plc has announced big changes in the leadership of its investment business — with Rene Buehlmann becoming sole CEO and co-CEO Chris Demetriou leaving…