Abrdn, Edinburgh Univ to develop AI investment tool
Investment giant Abrdn and the University of Edinburgh have announced a pioneering project out of their partnership Centre for Investing Innovation that will seek to…
July 2024
UK investors buy £11.4bn global funds in H1 but sell UK
UK investors added £11.39 billion to their stock fund holdings in the first half of 2024 as they piled into North American and global funds…
Menzies Pension in £260m buy-in with Just Group
Just Group said it has completed a £260 million buy-in for the Menzies Pension Fund. The pension scheme is sponsored by John Menzies Limited and…
Scotland Food & Drink chair to step down
Scotland Food & Drink chair Lucinda Bruce-Gardyne is to step down from her role when her tenure ends in October this year. She has been…
Baillie Gifford expands further in North America
Edinburgh investment giant Baillie Gifford has announced two key appointments as part of plans to expand its North American business and its commitment to US…
Baillie Gifford’s Monks reports more ‘encouraging’ year
By Mark McSherry Baillie Gifford’s £2.8 billion Monks Investment Trust plc has reported “an encouraging return to positive relative performance” for the year to April 30, 2024. Monks…
Edinburgh’s Craneware in Microsoft collaboration
Edinburgh-based Craneware plc, a provider of software for the US healthcare market, announced that it has signed agreements with Microsoft in the areas of the…
Aberdeen’s Plexus in big board changes
Aberdeen-based Plexus Holdings plc, the AIM quoted oil and gas engineering services business, announced a number of changes to its board of directors. After more…
Scottish Rugby starts ‘financial reset’ amid losses
Scottish Rugby said a two-year timetable to “reset” its financial position has been agreed by the boards of both Scottish Rugby Limited and the Scottish Rugby…
Graham secured work pipeline hits record £2bn
Scotland-based contractor and developer Graham Group said it has surpassed the £1 billion turnover milestone for the second consecutive year as revenue increased to £1.125 billion….
Burness Paull embraces AI as results boost bonuses
Scottish law firm Burness Paull said it has reported strong results for its financial year ended March 31, a shortened eight-month reporting period following the firm’s…
Abrdn acquires £61m London retail park
Abrdn said it completed the acquisition of the Tandem Centre, a premier retail park in Colliers Wood, South London, for £60.8 million from LaSalle Investment…
Abrdn: 44% of UK adults have poor financial literacy
Research by investment giant Abrdn has found that 44% of UK adults have poor financial literacy. Abrn is urging the next UK government to urgently…
ScottishPower makes two senior appointments
ScottishPower, a subsidiary of Basque green energy giant Iberdrola, has made two new senior appointments with Charles Langan becoming its new chief financial officer and…
R&A golf hires Mark Darbon as new CEO
Mark Darbon has been appointed chief executive of The R&A and Secretary of The Royal and Ancient Golf Club of St Andrews. Darbon will succeed…
Edrington tops £1.1bn revenue but warns on demand
Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — said its profit before tax and exceptional items…
Scots commercial property transactions fall 15%
Independent property advisory firm Lismore Real Estate Advisors has published the latest figures on the commercial property market in Scotland — for the second quarter of…