Global shares plummet amid US recession concerns
Global stock markets fell sharply on Monday — with the Japanese index suffering its worst day in 37 years — as investors around the world…
August 2024
Scots red meat processing turnover rises to £975m
Turnover from red meat processing in Scotland in 2023 is estimated to have risen for a fourth consecutive year — rising 1% to £975 million….
Lloyds hires Amazon’s Dhawan in new AI boss role
Lloyds Banking Group (LBG) — owner of Bank of Scotland, Scottish Widows and Halifax — said it has appointed Rohit Dhawan to the newly established…
Wood shares fall 40% as Sidara decides not to bid
Dubai-based firm Sidara said on Monday it does not intend to make a firm offer for John Wood Group plc, the Aberdeen-based engineering and consulting giant, “in…
Stirling gives permission for Craigforth ‘transformation’
Glasgow-based property developer Ambassador Group said it has obtained approval for the “tranformational redevelopment” of the iconic Craigforth Campus site near Stirling that was previously occupied…
Abrdn Adviser hires Verona Kenny as distribution boss
Abrdn Adviser has announced that Verona Kenny will join the firm in the newly created role of Chief Distribution Officer, reporting directly to Noel Butwell,…
Scots Govt urged to be ‘investor of first resort’
A joint report by Professor Mariana Mazzucato of the UCL Institute for Innovation and Public Purpose (UCL IIPP) and Future Economy Scotland co-founder Laurie Macfarlane and has set out…
Manchester tipped to take Edinburgh’s financial crown
KPMG’s latest UK Financial Services Sentiment Survey of 150 industry leaders found that 90% of them plan to increase their footprint outside of London in…
Royal London assets rise to £169bn amid annuity plan
Royal London said in its 2024 first-half results on Friday that its assets under management increased to £169 billion from £162 billion at the end…
ACCA urges increase in Scots charity audit threshold
The Association of Chartered Certified Accountants (ACCA) has called for the Scottish Government to increase the threshold at which charities have to complete an audit…
Whisky and gin makers: tax rise cost Treasury £132m
Whisky and gin makers have told the UK Press Association that the UK government’s “disastrous” 10.1% increase in alcohol duty has “sucked the life out…
Reaction as UK central bank cuts rates to 5%
The UK’s central bank on Thursday cut interest rates for the first time since early 2020 — from 5.25% to 5% — and signaled that…
UK funds top £9 trillion but invest only 20% in UK
The UK investment management industry saw growth in assets under management to £9.1 trillion in 2023 from £8.8 trillion in 2022, according to the latest…