Scottish Water warns of £50bn bill ‘without changes’
Scottish Water has warned that, without major changes, the funding needed to deliver sustainable services over the next 25 years “would require around £50 billion…
February 2025
Shell restarts production at UK North Sea field
Shell announced it has restarted production at the Penguins field around 150 miles north-east of the Shetland Islands in the UK North Sea. Shell said…
Standard Life in governance committee appointment
Standard Life, part of Phoenix Group, has appointed Barry Butler to its Independent Governance Committee (IGC), overseeing the interests of 2.7 million workplace pension scheme…
Scots Govt bond ‘better value’ than current borrowing
By Mark McSherry The Scottish Government believes that a Scottish bond could represent better value for money than its current borrowing arrangements for both fiscal…
Whisky boss slams UK govt tax hikes, broken promises
Colin Matthews, founder and CEO of the Loch Lomond Group whisky giant and director of the Scotch Whisky Association, has blasted the UK government for…
FirstGroup acquires Ireland’s Matthews Coach Hire
Aberdeen-headquartered transport giant FirstGroup plc said it acquired Matthews Coach Hire Limited, an independent, family-owned coach and bus operator in Ireland. “With a fleet of…
B Gifford toasts double victory over hedge fund Saba
Edinburgh-based investment group Baillie Gifford has welcomed the overwhelming shareholder votes at two of its investment trusts to defeat New York activist hedge fund Saba…
Baillie Gifford’s Keystone Trust defeats Saba
Baillie Gifford’s Keystone Positive Change Investment Trust announced that requisitioned resolutions put forward by New York activist hedge fund Saba Capital Managemen were defeated on a…
B Gifford US Growth Trust shareholders reject Saba
Baillie Gifford US Growth Trust plc announced that its shareholders have decisively voted against all the requisitioned resolutions from New York activist hedge fund Saba…
Firms struggling to access funding – Grant Thornton
New research from business and financial adviser Grant Thornton UK LLP has found that, while many businesses expect they will need to secure additional funding to…
Wood hails ‘transformative’ year for carbon advisory
Aberdeen-based engineering and consulting giant John Wood Group said 2024 was a “transformative year” for its carbon advisory team, which secured a “record-breaking number of…
Abrdn’s third Euro infrastructure fund raises €585m
Edinburgh-based investment giant Abrdn has announced the final closing of its third core/core+ infrastructure fund, ASCI III. Focused on direct investments in European small to…