UK stock fund outlows remain high at £919m
Outflows from UK stock funds remained high at £919 million for July, according to the latest data published by the Investment Association (IA). However, the…
September 2024
South of Scotland Enterprise supports 1,300 groups
South of Scotland Enterprise (SOSE) said it made significant investments of £13.7 million into business and community enterprises in the year from April 2023 to March…
UK pension allocations to London shares at 4.4% low
UK pension fund allocations to London-listed shares has fallen to 4.4% compared with over 50% of their assets 25 years ago, according to a study…
Nationwide gets consent for £2.9bn Virgin Money buy
Mutually-owned Nationwide Building Society said regulators the FCA and the PRA have given their consent for its £2.9 billion cash acquisition of listed bank Virgin…
Abrdn makes big changes to £130bn fixed income team
Abrdn has announced a series of internal promotions in its £130 billion fixed income investment team as Craig MacDonald, Global Head of Fixed Income, leaves…
Baillie Gifford Prize 2024 longlist announced
The longlist for the 2024 Baillie Gifford Prize for Non-Fiction has been announced. The winning author will receive £50,000, with the other shortlisted authors receiving…
N Sea urged to extend lifespan with well interventions
The North Sea Transition Authority (NSTA) said a “huge” opportunity exists with “well interventions” to access oil and gas resources in a “more timely, clean,…
Scottish Land & Estates questions new land reform
Scottish Land & Estates (SLE), the rural business organisation, has questioned the need for further land reform after it emerged the Scottish Government has been…
Abrdn Adviser hires Louise Williams as CFO
Abrdn Adviser has announced the appointment of Louise Williams to the role of chief financial officer (CFO). Abrdn Adviser is a business of Edinburgh investment…
Abrdn lists first ETF on London Stock Exchange
Edinburgh investment giant Abrdn has listed its first ETF (exchange-traded fund) on the London Stock Exchange. Abrdn, which has around £500 billion in assets under…
Housing equity of Scots aged 55+ exceeds £209bn
The housing equity of Scots aged over 55 stands currently at £209.5 billion, according to analysis by the Equity Release Council of UK Government and Bank…
Scots farming business to receive £243m support
The Scottish Government said that Scottish farming businesses will see support payments start to reach their bank accounts this week with initial payments worth £243…
Scotland to get new Intercity fleet of trains
The Scottish Government has announced that procurement will begin to replace its Intercity trains. The procurement, led by ScotRail on behalf of Transport Scotland, will…
Reaction as Scots Govt unveils £500m spending cuts
The Scottish Government’s finance secretary Shona Robison has announced £500 million of spending cuts to balance the 2024-25 Scottish Budget in the face of what…
Chambers of Commerce: North Sea is a ‘critical asset’
The British Chambers of Commerce (BCC) has called for an independent taskforce to examine energy transition in the North Sea to “safeguard tens of thousands…
Edinburgh unveils bold 2,700-home plan for Seafield
A masterplan to transform the Seafield district near Portobello in the north-east of Edinburgh into a new environmentally friendly 2,700-home neighbourhood has been published by…
SSE’s Cloiche Wind Farm in contract success
SSE said it has been informed that Cloiche Wind Farm has been successful in the UK’s sixth Contracts for Difference (CfD) Allocation Round and is…
Scots firms attracted £184m venture capital in H1
New figures from KPMG have revealed Scottish businesses remain attractive to private equity investors with 23 firms sharing funding worth over £85 million in the…
STV H1 revenue up 20% to £90m as new CEO arrives
Glasgow-based media firm STV Group plc reported total revenue of £90.4 million for the six months ended June 30, 2024, up 20% on the same…
Craneware revenue tops $189m amid Microsoft boost
Edinburgh-based Craneware plc, a provider of software for the US healthcare market, said its revenue increased 9% to $189.3 million in the year ended June 30, 2024,…
VisitScotland marketing hires Walker of Scottish Govt
VisitScotland announced the appointment of experienced advertising and marketing industry executive Jill Walker as its new Director of Marketing and Digital to succeed Vicki Miller,…
Historic Environment generates £6bn for Scots economy
Historic Environment Scotland (HES) said it has released a set of reports providing insights into Scotland’s historic environment sector and a framework to help drive…
£234bn Aviva Investors adds new venture capital arm
Aviva Investors, the asset management business of Aviva plc, said it has added a dedicated Venture Capital (VC) and Strategic Capital capability to its investment…
NEO slows North Sea investment amid ‘uncertainty’
UK-focused NEO Energy, which has interests in assets across the North Sea, said on Monday it will slow down investment plans across its portfolio “in…
Raising auto-enrolment ‘could boost pensions £217k’
Standard Life, part of Phonenix Group, said that raising auto-enrolment (AE) minimum pension contributions could leave UK savers £217,000 better off in retirement. Standard Life…
Artemis co-founder Dodd to retire after 40 years
John Dodd, co-founder of Artemis fund managers, will retire from Artemis at the end of 2024, after almost 40 years in the industry. He is…
Royal London Asset Management beefs up team
Royal London Asset Management (RLAM) announced the appointment of two fund managers and three analysts to its equity team as it continues to build “high…
North Sea windfall tax ‘risks £12bn tax, 35,000 jobs’
Increased windfall taxes on the UK North Sea’s offshore oil and gas producers would cost the UK economy about £13 billion over the next five…