Edinburgh-based water retailer Business Stream, a subsidiary of state-owned Scottish Water, said it has been awarded the Scottish Government’s £240 million Water and Waste Water Services Framework contract,…
Wobble Genomics, a University of Edinburgh spinout whose novel approach to RNA sequencing could revolutionise fields of biotechnology, has raised £8.5 million to help commercialise…
Crieff Hydro executive chair Stephen Leckie has been appointed chair of VisitScotland. Leckie is currently chair of the Scottish Tourism Alliance, president of the Scottish Chambers…
Alliance Trust plc, the £3.4 billion Dundee-headquartered fund, has published its results for the year ended December 31, 2023, showing total shareholder return of 20.2%. This…
The UK’s Office of Rail and Road (ORR) said it has given the go-ahead for Grand Union Trains, an open access operator, to start a…
Debbie Crosbie’s mutually-owned Nationwide Building Society said it has reached a preliminary agreement to buy listed Virgin Money UK plc in a £2.9 billion potential cash…
Highlands and Islands Airports Limited (HIAL) announced the appointment of Paul Kelsall as CEO. Most recently, Kelsall was MD of Offshore Helicopter Services UK Limited and…
Global, the London-based media and entertainment group, has announced that outgoing STV CEO Simon Pitts will be its next group chief executive from the first…
UK finance minister Jeremy Hunt delivered his budget speech on Wednesday, confirming a widely expected cut of 2 percentage points to National Insurance. However, Hunt…
The average selling price of homes across Edinburgh, Lothians, Fife and the Borders fell 0.9% to £271,624 during the three months of December 2023 – February…
Agricultural organisation NFU Scotland has announced a new partnership with County Durham-based business finance broker Anglo Scottish Asset Finance to create NFU Scotland Finance. NFU…
Scotland’s local authorities made debt repayments of £53 million in 2022-23 and had total debt of £21.8 billion at March 31, 2023. That’s according to…
Beeks Financial Cloud Group plc, the Glasgow-based cloud computing and connectivity provider for financial markets, said it has achieved “preferred cloud computing and connectivity vendor status for one…
Babcock said it will create more than 1,000 new jobs at its advanced manufacturing and shipbuilding facility in Rosyth. “Underpinning our commitment to further develop…
Scotland has by far the highest percentage of working-age population with higher education certificates “or above” in the UK “with a strong long-term upward trend”…
Glasgow-based media firm STV Group said its CEO Simon Pitts “has informed the board of his decision to step down from his role as chief executive…
The Scottish Government’s External Affairs Secretary Angus Robertson has published proposals for how an “outward-looking, independent Scotland” could play its part in “tackling global challenges.”…
Glasgow is predicted to be the fastest growing city in Scotland over the next three years (2024 – 2027) with an average gross value added…
Peel Ports Clydeport said it is set for a record year handling wind turbine components at its King George V Dock site in Glasgow as…
Abrdn’s £1.8 billion Murray International Trust net asset value (NAV) has posted a total return — with net income reinvested — of +8.6% for 2023. The…
Scotland’s tourist visitor attractions enjoyed a strong year in 2023 with visitor numbers up 17.2%, according to new figures. Visitor attractions across Scotland recorded almost…
Scottish insolvency veteran Blair Nimmo, 64, is set to retire as CEO of Interpath Advisory following a career of about 40 years. Nimmo will be succeeded…
Bank of Scotland plc — owned by Lloyds Banking Group — has reported a 2023 group profit before tax of £351 million, down 69% from…
Macfarlane Group, the Glasgow-based packaging, design and distribution firm, said its adjusted profit before tax grew 10% to £25.8 million in 2023 despite revenue slipping…
Glasgow-based commercial lender Sallyport Commercial Finance said it is poised for significant growth in 2024, capping off a successful first year with £4.4 million of funding…
Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, said its 2023 revenue from continuing operations rose 7% to £2.636 billion and adjusted profit…
E-learning firm ITZA has secured £2 million of R&D grant and equity funding from Scottish Enterprise, Alba Equity and private investors to grow a digital…
Scotland’s onshore gross domestic product (GDP) grew 0.4% in December, according to Scotland’s Chief Statistician. This followed 0.8% contraction in October and no growth (0.0%…
Aberdeen-based transport giant FirstGroup has announced that its “open access” rail service Lumo is in discussions with Transport Scotland and Network Rail to extend some…
The University of Dundee said it has completed the transfer of the management of its £31 million endowment portfolio to Greenbank, the specialist ethical, sustainable…
Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, announced that National Grid CFO Andy Agg has been appointed to the Weir board as an…
Abrdn plc announced that Catherine Bradley will not seek re-election at the company’s Annual General Meeting on April 24, 2024, and will stand down as…
Edinburgh-based investment giant Abrdn plc announced its 2023 results on Tuesday, saying its work to achieve at least £150 million of annualised cost savings “is now…
Edinburgh-based green energy integrator Logan Energy said it has secured £5 million of investment to develop its systems-led approach in the emerging hydrogen power sector….
Hammerson has announced the exchange of an unconditional contract for the sale of Union Square, the 52,000m shopping centre in Aberdeen, to an affiliate of US-based…
By Mark McSherry Apple shareholders Abrdn and Legal & General Investment Management (LGIM) are planning to challenge the tech giant’s disclosure practices regarding artificial intelligence (AI)…
By Mark McSherry The Association of Investment Companies (AIC) has published a comprehensive report on the ownership of investment trust shares as at December 31,…
Purchases of investment trusts on adviser platforms fell 28% to £948 million in 2023, down from 2022’s record high of £1.3 billion, according to data…
Celtic plc announced that its revenue increased 11% to £85.2 million in the six months to December 31, 2023, while profit before taxation slipped to…
The Scottish Government has launched its first Techscaler hub in San Francisco to help startups from Scotland build contacts with international investors and customers. The…
Loganair announced it has appointed Luke Farajallah as its new CEO, effective March 4. “He has extensive experience in the UK regional airline sector, holding…
A funding package has been agreed to secure an estimated £350 million inward investment project for Cromarty in the Scottish Highlands from Sumitomo Electric UK…
Baillie Gifford’s £2.7 billion Monks Investment Trust plc announced the appointments of Randeep Singh Grewal and Stacey Parrinder-Johnson as non-executive directors of the company, both with effect…
Standard Life, part of Phoenix Group, has appointed former Hymans Robertson executive Mike Ambery in the new role of Retirement Savings Director. “In this role,…
Significant changes are required to ensure the financial sustainability of Scotland’s health service, according to a report from Audit Scotland. The report said the Scottish…
AI-driven drug discovery firm Exscientia said in a US regulatory filing that it terminated the employment of CEO Andrew Hopkins “following an investigation which found…
By Mark McSherry UK central government borrowing in the financial year-to-January 2024 was £96.6 billion, £3.1 billion less than in the same 10-month period a…
Urban Logistics REIT plc may have started a bidding war for Abrdn Property Income Trust Limited (API) with a rival “indicative” all-share offer a month after API…
AEG Europe, owner of The O2 venue in London, said it has submitted a planning application to City of Edinburgh Council for its proposed 8,500-capacity arena in…
Alliance Trust plc, the £3.4 billion Dundee-headquartered fund, has declared a fourth interim dividend of 6.34p per share, up 5.7% on the equivalent dividend of 6p…
Edinburgh International Conference Centre (EICC) has reported record revenue of £12.8 million for the year to December 31, 2023 (2022: £11.8m), along with a record…
J.P. Morgan Private Bank said it will expand its operations in Scotland with the addition of a new team of dedicated advisors in Edinburgh. The…
Parabola, the developer and owner of Edinburgh Park, has confirmed that Sainsbury’s Bank has agreed terms for the whole of the fourth floor of 1…
Elgin-based house builder Springfield Properties said its revenue fell 25% to £121.7 million and statutory profit before tax fell 80% to £1.2 million in the six…
Commercial property investment volumes across Scotland slowed in 2023 “as high interest rates and falling capital values created a lack of viability for debt buyers”…
Scottish Forestry is investing £2 million towards timber transport projects across Scotland. “The funding will help decarbonise the forestry sector and reduce the impacts of…
Sales of Scottish homes for £1 million or more reached a new high of 506 transactions in 2023, up from 504 in 2022, according to property firm…
Forth Ports, the UK’s third largest port group, said it has placed an order for two new pilot boats to join its fleet working on…
Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, said it has signed an agreement for the sale of 11.2 acres of…
Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), has announced that SMWS membership growth increased significantly in the year…
By Mark McSherry Europe’s largest buyout firm CVC Capital Partners announced that Scotsman Donald Mackenzie, one of its co-founders and most successful dealmakers, is stepping…
Standard Life, part of Phoenix Group, has concluded a £114 million Bulk Purchase Annuity (BPA) transaction covering 1,800 members of the Vector Pension Scheme, which…
NatWest Group plc — formerly known as Royal Bank of Scotland — said its operating profit before tax rose 20% to £6.2 billion in 2023…
The board of NatWest Group plc — formerly known as Royal Bank of Scotland — has confirmed the appointment of Paul Thwaite as group chief…
Scotland saw hotel transaction volumes — sales of £1 million+ — reach £310 million in 2023, up 98% on 2022’s figure of £156 million, according…
Baillie Gifford’s £1 billion investment trust Scottish American Investment Company (SAINTS) reported that its share price total return was 8.2% and net asset value total return…
The Scotch Whisky Association (SWA) said the value of Scotch exports topped £5.6 billion in 2023, down 9.5% on the record £6.2 billion of 2022, but up…
Chivas Brothers, the Scotch whisky business of Pernod Ricard, has announced its first-half (July 2023 – December 2023) financial results with organic net sales down 6%…
Proposals to build 50 new family homes in Colinsburgh in east Fife have been approved by Fife Council. The plans by based in Sauchen, Aberdeenshire-based…
Salmon Scotland chief executive Tavish Scott has attacked “the blurring of the lines between activism and journalism” and criticised “the desperate tactics of anti-salmon campaigners”…