Souter slams UK pensions for ‘egregious’ risk aversion
By Mark McSherry Veteran Scottish entrepreneur and investor Brian Souter has slammed UK pension funds for the “egregious” risk aversion of their refusal to invest…
By Mark McSherry Veteran Scottish entrepreneur and investor Brian Souter has slammed UK pension funds for the “egregious” risk aversion of their refusal to invest…
Heart of Midlothian Football Club said its board has formally approved the appointment of Calum Paterson as the club’s new non-executive chairman, subject to formal ratification…
A forecast gap of nearly £5 billion remains between what Scottish Government ministers want to spend on public services by 2029-30 and the funding available…
John Wood Group, the troubled Aberdeen-based engineering and consulting giant, published unaudited half year results for the six months ended June 30, 2025, showing an…
Iomart Group plc, the Glasgow-based secure cloud services firm, said in a trading update on Thursday that its group revenue grew 25% to £77.7 million in the…
Phoenix Group, parent of Standard Life, is in talks to raise more than £1 billion from private capital firms as it seeks to expand its pension-risk…
Aberdeen Group plc said it has agreed to increase its stake in Tritax Management LLP, one of the UK’s largest logistics managers. Following the initial…
The Scottish Government has published its Scottish Fish Farm Production Survey 2024 — showing that fish farm production of Atlantic salmon increased by 41,051 tonnes or…
The Association of Investment Companies (AIC) has called on UK finance minister Rachel Reeves to take “bold” action in her upcoming Budget to foster an…
Celtic plc said late on Monday that manager Brendan Rodgers has resigned. “The club appreciates Brendan’s contribution to Celtic during his two very successful periods at…
Energy infrastructure giant Petrofac Limited said on Monday it has applied to the High Court of England and Wales to appoint administrators to the firm. Petrofac’s…
Iomart Group plc, the Glasgow-based secure cloud services firm currently searching for a new CEO, said on Monday its remuneration committee has granted 500,000 share options to executive…
By Mark McSherry (UPDATE 5) — Baillie Gifford’s flagship investment trust, the £15.5 billion Scottish Mortgage fund, has outlined third-quarter changes to its portfolio of…
The UK government’s “Scottish Affairs Committee” has warned in a report that job losses from the North Sea oil and gas industry’s decline currently outstrip…
The Dunard Centre — Edinburgh’s first purpose-built concert hall for more than a century — announce it has signed a construction contract with Balfour Beatty to build…
Shares of Edinburgh-based oil and gas firm Capricorn Energy rose as much as 11% on Friday after it said it received $50 million from the Egyptian General…
French listed retail property group Unibail-Rodamco-Westfield (URW) and Dutch pension investor APG have announced URW’s acquisition of a 25% stake in Edinburgh’s St James Quarter….
Shares of NatWest Group — the bank formerly known as RBS — hit a 17-year high on Friday after the company reported £2.18 billion operating…
US banking giant Citi said its board of directors has elected its Scottish-born CEO Jane Fraser as chair of the Citi board. “The board also granted…
Scottish Rugby said it has appointed Gemma Fay as its first Managing Director of Women’s Rugby. It said Fay will lead the continued expansion and…
The £560 million Aberdeen Asia Focus investment trust said it delivered a net asset value (NAV) total return of 20.3% and a share price total return…
Watkin Jones said on Wednesday that Scottish Ministers have approved its plan for the delivery of an 800-home residential scheme with mixed tenures in Chesser,…
Investment firm West Coast Capital — the investment arm of Tom Hunter’s family office — has completed the acquisition of Port Edgar Marina west of…
University of Glasgow spinout firm Chemify said it has raised over $50 million in Series B funding from mainly US-based investment funds to help accelerate its mission…
New research commissioned by top Scottish law firm MFMac (Morton Fraser MacRoberts) has found that 48% of Scottish business leaders rate the availability of investment capital in…
Shares of Macfarlane Group, the Glasgow-based packaging, design and distribution firm, fell as much as 20% on Wednesday after the firm revealed news of a…
Aberdeen Group plc said on Wednesday its assets under management and administration (AUMA) have risen 6% year to date to £542.4 billion but that “net flows…
The Law Society of Scotland said on Tuesday it is “frustrated and disappointed” at the UK Government’s proposal to remove its role as an anti-money…
Aberdeen Investments has announced the expansion of its active exchange-traded fund (ETF) platform in the United States with the conversion of two mutual funds into…
The £900 million Baillie Gifford Japan Trust said its net asset value (NAV) total return per share was 20.5% in the year to August 31,…
UK government borrowing in the first six months of its current financial year rose 13.1% to almost £100 billion, according to the UK’s Office for…
Solihull-based Paragon Bank’s development finance division has provided a £22.6 million finance facility to support the transformation of a prominent Glasgow city centre office building into…
The UK’s remaining proven and probable oil and gas reserves were estimated at 2.9 billion barrels of oil equivalent (boe) at the end of 2024,…
Aberdeen Investments, on behalf of the Standard Life Pooled Pension Property Fund, has acquired Standbrook House in Old Bond Street, London, one of the world’s…
The CEO of SSE plc, the Perth-based electricity infrastructure giant, has outlined the urgent need to upgrade the UK’s energy grid and “stop relying on…
Iberdrola, the Spanish energy giant that owns ScottishPower, has sounded out rivals this year about a possible merger deal with its UK retail business, according…
Almasar Alshamil Education said it has signed a non-binding Heads of Terms (HoT) agreement with Heriot-Watt University of Edinburgh for the establishment of Heriot-Watt University…
San Francisco-based Lyft has announced the acquisition of Glasgow-based TBR Global Chauffeuring (TBR) for $110 million in cash plus additional contingent costs. The Glasgow firm’s…
By Mark McSherry The Association of Investment Companies (AIC) have sent a “briefing note” to MSPs and Scottish MPs at Westminster to educate them on…
Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, said on Thursday it has priced an offering of Australian $400 million senior notes. Weir…
FinTech Scotland announced on Thursday that Nicola Anderson is to step down as CEO at the end of 2025 to take up a “new senior…
Offshore Energies UK (OEUK) has issued a warning to the UK Government that without a permanent replacement for the temporary Energy Profits Levy (EPL), the…
AI robotics company Launchpad announced it has successfully concluded a Series A funding round, raising a total of $11 million, including $2 million from Scottish National…
The Scotch Whisky Association (SWA) has urged the UK Chancellor to deliver a multi-year freeze on spirits duty in next month’s Autumn Budget. The SWA…
John Wood Group, the troubled Aberdeen-based global engineering and consulting giant, said on Wednesday that Ken Gilmartin has informed the board of his intention to…
Edinburgh-based investment giant Aberdeen said it is “looking beyond the recent surge in gold prices” to invest in a range of industrial and strategic minerals —…
Catherine Muirden has been appointed as the next chair of the board at the National Galleries of Scotland, succeeding the colourful corporate veteran Benny Higgins,…
“Responsible finance” provider Social Investment Scotland (SIS) said it has maintained its “strong impact momentum” with £52.5 million in active loans and investments to social…
Clydebuilt II Limited Partnership (CLP II), a joint venture between Scottish property company Ediston and Strathclyde Pension Fund (SPF), has acquired multi-let office Central Exchange…
The University of Edinburgh’s EPCC, the UK’s first National Supercomputing Centre, has won EU and UK Government funding to establish and operate the €10 million…
Benbecula Distillery in the Outer Hebrides – one of Scotland’s newest whisky producers – has secured a £1.5 million investment boost from the British Business Bank’s…
Aberdeen plc, the Edinburgh-based asset management giant, has published new research that suggests private markets can outperform traditional 60% equities & 40% bonds investment strategies as it set…
Lloyds Banking Group (LBG) — which owns Bank of Scotland, Scottish Widows and Halifax — said on Monday it “intends to take an additional charge…
Lloyds Banking Group plc (LBG) — parent of Scottish Widows, Bank of Scotland and Halifax — said on Monday that Scott Wheway will step down…
Serica Energy plc said on Monday it agreed to acquire all of BP’s stake in the P111 and P2544 licences in the UK Central North…
Chinese wind turbine manufacturer Ming Yang Smart Energy has announced it plans to create the UK’s largest, and first fully integrated, wind turbine manufacturing facility to…
Souter Investments, the private equity focused family investment office, has announced its backing of investment firm Duke Street in its acquisition of McAvoy, a leader…
The latest Noble & Co Whisky Intelligence Report — for October 2025 — said that after two years of volatility, the secondary market for fine…
New research published by Screen Scotland shows Scotland’s screen sector is on course to contribute £1 billion a year to the Scottish economy by end…
Lloyds Banking Group (LBG) — which owns Bank of Scotland, Scottish Widows and Halifax — said on Thursday “an additional provision is likely to be…
Newly-published annual accounts from the Scottish Professional Football League (SPFL) show the group has distributed £42 million to clubs, the highest figure in the league’s…
The latest Fund Flow Index from Calastone shows that the third quarter of 2025 “marked the worst quarter for stock fund outflows on record as…
Standard Life, part of Phoenix Group, said it has launched a new “affordable” retirement savings advice service for customers called Standard Life Financial Advice. At…
Munro EV, the Glasgow-based electric 4X4 manufacturer, announced it has secured £2 million in fresh funding from existing investor Elbow Beach alongside other parties. Elbow Beach is a…
John Wood Group, the troubled Aberdeen-based global engineering and consulting giant, said Azad Hessamodini, its Executive President of Consulting, “has decided to leave Wood to pursue…
The Royal Bank of Scotland (RBS) has revealed plans to launch the first intellectual property-backed loans for high growth businesses in Scotland. The IP-backed loans…
Scotland’s equity investment market remained “buoyant” during the first half of 2025, with university spinout activity leading the way, according to new research from the…
John Wood Group, the troubled Aberdeen-based global engineering and consulting giant, said on Tuesday it has called a General Meeting of the firm on October…
UK central bank governor Andrew Bailey has reinforced his support for the movement to encourage UK pension funds and institutional funds to invest more in…
Trogenix Ltd, a pioneering University of Edinburgh spinout biotech firm dedicated to developing innovative cancer therapies, has announced the completion of its Series A financing,…