High Wycombe-based waste management firm Biffa said it completed its acquisition of Aberdeenshire-headquartered Keenan Recycling, the commercial food waste collections provider operating across Scotland, England and Wales….
Tesco announced it has completed the sale of Edinburgh-based Tesco Bank to Barclays and has commenced a long-term strategic partnership with the bank. Tesco also…
Bacardi has announced a major investment in the production sites of its Scotch portfolio that includes malt whiskies Aultmore, Aberfeldy, Royal Brackla, The Deveron and…
Perth-based electricity infrastructure giant SSE plc announced the appointment of a new independent non-executive director, Hixonia Nyasulu, who will join the board on January 1,…
Aberdeen engineering and consultancy giant Wood plc has been awarded a Front-End Engineering Design (FEED) contract for cleaner, increased fuel production at the Dung Quat Oil…
By Mark McSherry Scottish Financial Enterprise announced it will partner with The City of London Corporation to deliver a flagship summit in Edinburgh next year…
UK finance minister Rachel Reeves is taking two big gambles with her first budget, according to Paul Johnson, director of the UK’s Institute for Fiscal Studies…
Perth-based electricity infrastructure giant SSE plc is set to expand its operations in Glasgow after securing 62,000 sq ft across four floors in Aurora, 120…
By Mark McSherry The UK’s Debt Management Office (DMO) has raised the UK government’s net financing requirement for the current 2024-25 fiscal year to £299.9…
David Whitehouse, Offshore Energies UK CEO: “Today we heard the Chancellor recognise the role of the oil and gas sector to support high quality jobs and…
The Scotch Whisky Association (SWA) said the UK Chancellor’s decision to further increase duty on Scotch Whisky has broken the UK Prime Minister’s commitment to…
Virgin Money UK announced that its chief financial officer (CFO) Clifford Abrahams has informed the board of his decision to step down from his position…
Rangers International Football Club plc has reported record core revenue of £88.3 million — but the club made a net loss of £17.2 million for…
By Mark McSherry The £890 million Baillie Gifford Japan Trust plc said its net asset value (NAV) total return was 10% and “as market sentiment continued…
University of Edinburgh biotechnology spinout firm Kynos Therapeutics has been acquired by Freiburg, Germany-based clinical stage biopharmaceutical company Dr. Falk Pharma GmbH, which will develop…
Aberdeen-based consulting and engineering group Wood plc said it has secured a “significant” engineering services contract for Aramco’s Southern and Northern Areas gas increments project in Saudi…
The Scottish Funding Council (SFC) announced the appointment of Francesca Osowska as its new CEO. Most recently, Osowska has been CEO at NatureScot. Before that she…
Novosound, the pioneering Glasgow tech company, has developed the world’s first ultrasonic blood pressure monitor. This breakthrough allows for the miniaturization of blood pressure monitoring…
Scottish Financial Enterprise (SFE) has launched a new skills hub aimed at helping thousands of Scots better understand the jobs and careers available in the…
Aberdeen-based underwater robotics HonuWorx said it has delivered a world-first in underwater robotics as it unveils plans for a fleet of uncrewed submarines to capture a…
Broker Insights, the Dundee-based data and distribution platform that connects UK insurance brokers and insurance companies, has launched in the United States. Broker Insights’ platform…
Brown Shipley, a Quintet Private Bank, announced the appointment of Robbie Hewitt as Edinburgh-based Wealth Planner, reporting to Gordon Scott, Head of Private Bank –…
Cazenove Capital, the wealth management business of Schroders in the UK, announced the appointment of Sandra Dailidyte in the newly created role of portfolio manager…
A £150 million deal to transform the site of the former Marks & Spencer store on Sauchiehall Street in Glasgow into a major mixed-use development…
By Mark McSherry Abrdn said Steve Logan has returned to the Edinburgh-based asset management group as Head of European High Yield and Global Loans, four…
By Mark McSherry The board of Abrdn’s £664 million Asia Dragon Trust plc has proposed a merger with Invesco Asia Trust, a much smaller £215 million rival. Invesco…
Aberdeen clean energy firm D2Zero announced the acquisition of Kelton, a flow measurement consultancy to the energy industry. Headquartered in Aberdeen and with 12 offices…
Abrdn investment trust managers from around the world have published their outlook updates as they navigate an upcoming UK budget, shifting interest rates, geopolitical tensions, the American…
Shares of NatWest Group Plc — the bank formerly known as Royal Bank of Scotland — rose another 4% as it raised its outlook for…
By Mark McSherry Just 9% of Scottish firms agree that the Scottish Government understands the business environment in Scotland, compared to 64% of businesses that…
Ashtead Technology, the Aberdeen-based provider of subsea technology and services, announced it has signed an agreement to acquire Seascan Limited and its subsidiaries — known…
The recently-merged Alliance Witan investment trust announced the completion of the transition of assets from Witan Investment Trust to Alliance Witan following shareholder approval for…
Lloyds Banking Group’s Jackie Leiper has been appointed as deputy chair of Scottish Financial Enterprise (SFE), the member body for Scotland’s £13.6 billion financial and…
OnPath Energy, formerly called Banks Renewables, said it completed the sale of its shares in the recently constructed Kype Muir Wind Farm Extension near Strathaven…
Aberdeen-headquartered transport group FirstGroup plc announced it acquired Shropshire-based Lakeside Group, comprising Lakeside Coaches, Merediths Coaches and A. T. Brown Coaches. Lakeside operates a fleet…
By Mark McSherry Perth-based electricity infrastructure giant SSE plc and its subsidiary SSEN Transmission have signed new sustainability-linked Revolving Credit Facilities totalling £3 billion through…
Edinburgh and Glasgow have both improved their position in the latest Z/Yen Global Green Finance Index, underlining Scotland’s potential in green finance. Edinburgh has moved…
By Mark McSherry Up to £10 billion of North Sea oil and gas pre-tax value could be unlocked from existing assets if the UK government…
By Mark McSherry Abrdn said on Thursday its assets under management and administration (AUMA) rose 2% YTD to £507 billion, reflecting positive markets and net inflows…
The Institute and Faculty of Actuaries (IFoA) has appointed Paul Lewis as its new chief executive officer. Lewis will join the IFoA on January 6,…
Aberdeen-based consulting and engineering group Wood plc has opened its third office in the United Arab Emirates (UAE). Located in Sharjah, the new 18,625 square foot office…
By Mark McSherry Bright Red Triangle (BRT), the enterprise hub at Edinburgh Napier University (ENU), said it has agreed a new partnership with Queen Margaret…
Macfarlane Group, the Glasgow-based packaging, design and distribution firm, has appointed Joost Meijs to the new role of Managing Director, Macfarlane Packaging Distribution, Europe, as the…
Sweden-based bank Handelsbanken has strengthened its position in Edinburgh with a move to a new branch in the city’s West End. The move supports the bank’s…
By Mark McSherry Franklin Templeton said it has launched three new emerging markets funds following demand from clients. These are the actively-managed Luxembourg-registered Templeton Emerging…
Shares of Aberdeen-based Plexus Holdings plc, the AIM quoted oil and gas engineering services business, fell about 17% on Tuesday despite the firm saying its…
Sunderland-based Fairstone Financial Management said it completed the full acquisition of Aberdeen-based Forbes Lawson Wealth Management Limited, further strengthening its presence in Scotland. The acquisition…
The home of the Morningside branches of Waitrose and Kwik Fit in Edinburgh has been sold in a deal that exceeded the £18.15 million asking…
By Mark McSherry SSEN Transmission has pledged to support the building of more than 1,000 new homes across the north of Scotland as the important…
UK government borrowing in the six months to September 2024 was £79.6 billion, £1.2 billion more than at the same point in the last financial year…
French investment firm Iroko Zen has paid around £50 million to acquire Morgan Stanley’s office building in Glasgow in what is understood to be the largest…
Montrose Port Authority (MPA) said it is set to embark on a major expansion with the acquisition of Montrose Commercial Park and the adjacent former…
Future Growth Capital (FGC), the new private markets investment manager announced by Schroders plc and Standard Life parent Phoenix Group, announced that regulatory approval has…
Abertay University in Dundee has officially become Scotland’s first Adobe Creative Campus, part of a group of colleges and universities that have empowered students in…
The University of Aberdeen has announced a “new approach to fostering an enhanced spin-out culture” at the the institution that will now see it reduce…
Deltic Energy Plc said on Monday the UK “is not the ideal place in which to invest in new oil and gas exploration or appraisal…
Aberdeen-headquartered transport giant FirstGroup plc announced it acquired Anderson Travel, a central London based coach company comprising three trading entities, Anderson Travel Limited, Anderson Tours…
Property consultancy JLL said it has been instructed to seek offers in excess of £31.58 million for the building that houses the Johnnie Walker Princes…
The Scottish National Investment Bank (SNIB) has confirmed the reappointment of Tracey Ashworth-Davies, Jason McGibbon, Nicholas Moon and Candida Morley as independent non-executive directors of the…
New figures have revealed that international tourism in Scotland continued to outperform other parts of the UK in the first half of 2024, with almost…
Pensions & Investment Research Consultants Ltd (PIRC), the UK-based corporate governance and proxy voting consultancy, has announced big changes to its leadership team. The changes will…
Confidence amongst Scottish businesses is expected to hold steady for the next six months, with many firms in a “wait-and-see” mode as they look to…
A project to create a new high-end recording studio on the island of Mull has been awarded up to £39,000 by Highlands and Islands Enterprise…
Investing Women Angels (IWA) announced it will back a series of investment rounds over the next four months that is set to raise more than…
Equity deal activity involving smaller businesses in Scotland picked up during the first half of 2024, one of only two parts of the UK to…
Canadian decarbonised heating specialist Noventa Energy has acquired three heat-from-wastewater assets from a subsidiary of Scottish Water. Noventa said it will now apply its proprietary…
Edinburgh-based Abrdn, the global investment company, called on Thursday for “urgent measures” to be introduced by the UK government to “protect and support” listed smaller…
BrewDog co-founder James Watt said the firm has finally published its annual report for 2023, showing group revenue rose 14% to £366 million — but also…
Mark Logan, Chief Entrepreneurial Advisor to Scottish Government, said on Wednesday he has resigned from the role after “increasingly becoming a target for some in…
Aberdeen-based consulting and engineering group Wood plc announced it is leading a Joint Industry Partnership (JIP) to create industry guidelines for CO2 specifications to accelerate sustainable…