M&S chair blames UK pension funds for LSE’s woes
M&S chair Archie Norman has criticised the lack of UK pension fund money invested in British companies and the decline of corporate share options as…
M&S chair Archie Norman has criticised the lack of UK pension fund money invested in British companies and the decline of corporate share options as…
Aberdeen-based John Wood Group plc said it has completed the front-end engineering and design (FEED) scope for the first phase of Aramco’s Accelerated Carbon Capture and…
Edinburgh Airport has posted a pre-tax profit of £121.7 million for 2023, up from £106 million in the previous year, as its turnover hit £280.7…
Private sector activity in Scotland expanded for the fifth month running in May and at the strongest pace in two years, according to the headline Royal…
Auction house Lyon & Turnbull said its flagship Scottish Paintings & Sculpture Auction achieved over £2.42 million in sales. Samuel John Peploe’s “Still Life with…
SSE Renewables announced that the first power has been produced at Viking Wind Farm on Shetland, which will be the UK’s most productive onshore wind farm….
Argyll Estates and European spirits company Stock Spirits Group, owner of the Clan Campbell whisky brand, have lodged a planning application notification with Argyll and…
The Royal Highland Agricultural Society of Scotland (RHASS) has revealed a deficit of £3.6 million for 2023. The charity said its total income rose 5%…
NatWest CEO Paul Thwaite has said acquisitions are “not off the table” moving forward for the bank formerly called Royal Bank of Scotland. Thwaite was…
The £50,000 Baillie Gifford Prize — the UK’s most prestigious prize for non-fiction — said it is fully committed its relationship with the Edinburgh investment giant,…
The UK Electoral Commission published data on Thursday showing the Scottish National Party received no reportable cash donations in the first quarter of 2024, while…
The sale of the Mint Building just off St Andrew Square in Edinburgh has been launched by Lismore Real Estate Advisors on behalf of Hines….
Aberdeen-based North Star said it has secured further debt investment of up to £425 million to accelerate its ambition to become the leading player in Europe’s…
BrewDog co-founder and former CEO James Watt announced he is starting a new business “in the brand building space” that will focus on “building community and…
Edinburgh-based Quorum Cyber said it has secured significant long-term investment from US-based private equity firm Charlesbank to augment the financial support it gets from existing…
John Wood Group plc, the Aberdeen-based engineering and consulting giant, said on Wednesday that after feedback from shareholders it “has decided to engage” with Dubai-based…
Phoenix Group, owner of Standard Life, has launched a bespoke “Climate Aware” index series in collaboration with FTSE Russell, the LSEG business. The FTSE Phoenix…
St Andrews Links Trust has reported a record £44 million in operating revenue for 2023 and an £11.5 million operating profit, building on revenue of…
Sofant Technologies, the Edinburgh-based wireless technology firm, said it has raised £3.4 million in additional funding. The funding, which has come from EMV Capital, Scottish…
Glasgow media firm STV Group plc published a trading update saying its total advertising revenue (TAR) was up 5% in its first quarter and is…
Chivas Brothers, the Scotch whisky business of Pernod Ricard, has announced a new agriculture programme supporting sustainable farming practices among Scottish barley growers represented by…
By Mark McSherry The £2 billion Edinburgh-based Templeton Emerging Markets Investment Trust plc (TEMIT) has announce four key initiatives which aim to increase demand for its…
The Adam Smith Institute (ASI), the free-market think tank, has said the UK state pension could go bust as early as 2035. The institute said it…
UPDATE 6 — The Borders Book Festival announced that after 2024 it will no longer be sponsored by Edinburgh investment giant Baillie Gifford, following intense…
The Highland Council has approved the onshore plans of the West of Orkney Windfarm – which is developing a major offshore wind project off Scotland’s…
SSE plc, the Perth-based electricity infrastructure giant, announced it is submitting an offshore planning consent application to Ireland’s planning authority An Bord Pleanála this week…
The £300 million transformation of Candleriggs Square in Glasgow’s Merchant City is continuing at pace following the completion of the second major building on the…
Chartered financial planning firm AAB Wealth announced the acquisition of Bishopbriggs-based Synergy Financial Planning. AAB Wealth said that following this latest acquisition, it will have assets under…
The first of two new £25 million ship-to-shore cranes have arrived at the Port of Greenock, providing a huge boost for freight trade and productivity….
Springfield Properties plc announced a strategic collaboration agreement with Barratt Developments for the development of the Durieshill site, creating a new village near Stirling. Springfield…
Edinburgh investment giant Abrdn said it has “accelerated the sustainability agenda across the group” with the creation of a powerful executive sustainability committee. Chief corporate affairs…
Claudia Cavalluzzo is leaving her role as executive director of Converge, the company creation programme for staff, students and recent graduates of all Scottish universities and…
The UK government has reduced its stake in NatWest to 22.5% as it accelerates its exit from the bank formerly known as RBS — after the…
The UK’s Competition and Markets Authority (CMA) announced it is investigating the anticipated acquisition by mutually-owned Nationwide Building Society of listed bank Virgin Money UK plc….
The Edinburgh International Book Festival and Scottish investment giant Baillie Gifford have ended their 20-year partnership, citing the threat of disruption from activists. Baillie Gifford partner…
Elgin-based house builder Springfield Properties plc said it has signed a new contract worth £6.3 million with the Wheatley Group for the delivery of affordable housing….
John Wood Group plc, the Aberdeen-based engineering and consulting giant, said on Wednesday it is evaluating “a fourth and final, unsolicited, preliminary and conditional” cash…
Scotland’s GDP grew by 0.7% in real terms during the first quarter of 2024, after falling 0.5% in the previous quarter. In the first quarter,…
The managers of Abrdn investment trusts around the world have outlined the challenges facing investors in 2024 as almost half the world’s population vote in general…
The Scottish Land Commission has published its response to the Call for Views on the Land Reform Bill issued by the Scottish Parliament’s Net Zero,…
Scottish Land & Estates (SLE), the rural business organisation, has claimed the Scottish Government’s Land Reform Bill is “gambling with the future of communities in…
Aberdeen-headquartered Ithaca Energy Plc announced a number of changes to its board and executive management team following last month’s announcement that it will buy nearly…
Export Development Canada (EDC) and NatWest have combined to provide long-term financing of £130 million for the 106MW Limekiln Wind Farm in Caithness, which is owned by…
UK energy regulator Ofgem announced that Caithness-based electricity generator Beatrice Offshore Windfarm Ltd (BOWL) has agreed to make a payment of £33.14 million after admitting…
Mark Wild, CEO of Scotland Gas Networks and Southern Gas Networks (SGN), has been appointed CEO of high-speed railway HS2, Europe’s biggest infrastructure project. “As one of…
Highlands and Islands Airports Limited (HIAL) has announced a 3.5% year-on-year increase in passenger numbers for 2023-24 across its network of airports, bringing the total…
Peel Ports Clydeport said it intends to invest up to £150 million in the redevelopment of the Hunterston marine yard in Ayrshire as it prepares…
Openreach is expanding its Scottish national broadband upgrade, with full fibre heading to another 120,000 homes and businesses across the country, including the ancient capital…
The Scottish National Investment Bank said on Monday its fast rate of growth “will slow in the year ahead due to reduced availability of capital.”…
SSE Energy Solutions has announced its intention to establish a regional headquarters in Newcastle “as part of a Memorandum of Understanding (MoU) aimed at advancing…
Haddington-based investment firm McInroy & Wood announced that Wendy Ferguson will be appointed as chief executive officer in June 2025, taking over from current CEO…
John Wood Group plc, the Aberdeen-based engineering and consulting giant, said on Friday its board unanimously rejected a third cash takeover proposal from Dubai-based firm Sidara….
Edinburgh-based investment giant Abrdn plc announced on Friday that group chief executive officer Stephen Bird will step down and that Jason Windsor, currently chief financial officer, has…
The chief executive of Edinburgh-based oil and gas firm Capricorn Energy told the firm’s AGM that Capricorn is continuing “to actively evaluate opportunities to create shareholder…
Baillie Gifford’s flagship investment trust, the £14 billion Scottish Mortgage fund, bounced back in the year to March 31, 2024, delivering a share price return…
About 89% of listed bank Virgin Money UK shareholders have voted in favour of a £2.9 billion cash takeover by mutually-owned Nationwide Building Society. The…
UK prime minister Rishi Sunak on Wednesday called a UK general election for July 4 — during the summer holidays of Scotland’s schools. Scotland’s First Minister…
A new census commissioned by Scottish Enterprise has revealed the national economic development agency is on track to meet the Scottish Government target of growing…
Grant Thornton’s Scotland Limited report for 2024 shows that Scotland’s top 100 private limited companies make reported revenue of £40 billion, EBITDA of £7 billion and…
Edinburgh and London-based private bank Hampden & Co has appointed Tracey Davidson of Handelsbanken UK as its new chief executive officer. She will replace Graeme Hartop,…
SSE plc, the Perth-based electricity infrastructure giant, said it swung to a pretax profit of £2.495 billion in the year ended March 31, 2024, from a…
Shares of Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc fell as much as 12% after it reported results for the year ended March 31, 2024,…
Serica Energy plc, the independent upstream oil and gas company, announced that it has received final approval from the North Sea Transition Authority (NSTA) to…
A new report by Robert Gordon University (RGU) has revealed that the UK will fail to achieve a “just and fair” transition by 2030 unless…
The Scottish Government has announced a £5 million package it said will help deliver “end-to-end support” for Scotland’s start-up companies. “It forms part of an…
Scotland continues to attract the highest number of UK financial services foreign direct investment (FDI) projects outside of London, according to the latest EY Scotland…
Nearly 80% of tech industry bosses in Scotland have revealed they believe the sector will “grow rapidly” in the next five years. A report by…
Scotland attracted its highest ever number of international visitors last year, according to the 2023 International Passenger Survey by the Office of National Statistics. There…
First Minister John Swinney set out his ambitions for Scotland’s economy during a speech in Glasgow on Friday — and took a swipe at “poor…
Siemens Mobility, in a joint consortium with Bilfinger UK, has been awarded an 11-year contract extension for the maintenance of Edinburgh Trams infrastructure to 2035….