High UK tax on Scotch will damage investment – SWA
About 75% of Scotch Whisky companies will defer UK investment, or invest elsewhere, due to the high tax burden in the UK, according to research…
About 75% of Scotch Whisky companies will defer UK investment, or invest elsewhere, due to the high tax burden in the UK, according to research…
A Survation poll carried out for the Scotch Whisky Association (SWA) shows that a third of voters are less likely to support the Conservatives if…
The Scotch Whisky Association (SWA) said on Monday that cutting tax on Scotch Whisky and other spirits in the UK Budget could give UK finance…
The Scotch Whisky Association (SWA) said on Friday it has co-signed an agreement with the Spanish Civil Guard to further the protection of Scotch Whisky…
By Mark McSherry Edinburgh asset management giant Baillie Gifford and other major shareholders of Chinese e-commerce behemoth Alibaba Group Holding have swapped billions of dollars…
Scottish Widows said it has facilitated a longevity swap between the Lloyds Banking Group Pensions Trustees Limited and Pacific Life Re Limited. “The transaction transferred…
The Scotch Whisky Association (SWA) has appointed former UK Ambassador Ian Duddy as its new International Director. Scotch Whisky exports were valued at £5.36 billion…
Investment in Scottish commercial property investment was £387 million in the first quarter of 2026 — a 21% drop year-on-year and 16% down on the…
The Scotch Whisky Association (SWA) has released figures for 2025 that show global exports of Scotch Whisky falling by -0.6% in value, and by -4.3%…
The Scotch Whisky Association said that the total UK tax burden on a 70cl bottle of Scotch Whisky rose to 71% on February 1 —…
Edinburgh-based Artisanal Spirits Company (ASC), creator of limited-edition whiskies, said cask sales remained strong in 2025 and achieved double digit revenue growth “with continued delivery…
The Scotch Whisky Association (SWA) announced the appointment of Rita Greenwood, Chief Investment Officer at William Grant & Sons, as the new chair of the…
Sofant Technologies, the Edinburgh-based radio technology company, announced that it successfully secured £1.1 million in the final close of a £6.25 million round. Supported by…
UK government borrowing in the first eight months of its current financial year to November 2025 was £132.3 billion — £10 billion or 8.2% more than…
The UK central bank cut interest rates on Thursday after a narrow 5-4 vote — but the Bank of England signalled that the gradual pace…
The Scotch Whisky Association (SWA) said the UK Chancellor’s decision to further increase alcohol duty on Scotch will put “additional pressure on a sector suffering…
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…
The UK’s National Union of Journalists (NUJ) said it has “decried substantial job cuts” announced by tabloid news publisher Reach plc as it accelerates its tech…
UK Chancellor Rachel Reeves has been asked to give a “lifeline” to whisky distillers in the Autumn Budget as the Scotch industry revealed there have…
SSEN Transmission, the 75%-owned subsidiary of Perth-based electricity infrastructure giant SSE plc, said on Tuesday it has successfully launched its second issuance in the Euro bond…
More than a quarter of over 50s in the UK are now out of work — with two million of over 50s on out of…
Standard Life, part of Phoenix Group, said it completed a £1.9 billion Bulk Purchase Annuity transaction with the Sedgwick Section of the MMC UK Pension…
Artisanal Spirits Company plc, owner of The Scotch Malt Whisky Society (SMWS), Single Cask Nation (SCN) & J.G. Thomson, published a trading update for the six months ended…
Scotland’s Salmon farmers are preparing to tap into the lucrative Indian market — following agreement on a free trade deal that will slash tariffs on exports…
Caledonian Holdings plc, the AIM-quoted investment firm focused on the financial services market, said it has “conditionally” agreed to invest an aggregate of £1 million…
The UK’s Office for National Statistics (ONS) said that UK inflation rose more than expected to a 15-month high of 3.5% in April as higher utility…
Storegga said it has reached a critical milestone for its Speyside Hydrogen project with the appointment of Aberdeen engineering and consulting giant Wood to undertake…
The UK’s Competition and Markets Authority (CMA) announced that four major banks — Citi, HSBC, Morgan Stanley and Royal Bank of Canada — will pay…
The Scotch Whisky Association (SWA) has released global export figures that show the value of Scotch exports stood at £5.4 billion in 2024. The SWA…
Marketing, advertising and media publisher The Drum is opening a new base in Miami. Co-founder Gordon Young said the US has been a “huge” growth…
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…
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…
The Scotch Whisky Association (SWA) said the UK Treasury has lost out on half a million pounds a day in tax revenue since excise duty on Scotch Whisky…
Dundee & Angus College announced it is considering relocating to new facilities in the city centre of Dundee and the town centre Arbroath. The full…
Question 7 by Australian writer Richard Flanagan has been named winner of the £50,000 Baillie Gifford Prize for Non-Fiction 2024. Flanagan is currently trekking in…
US Treasuries fell sharply on Wednesday — with yields surging — as Donald Trump’s election victory led to an increase in bets on economic policy…
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…
Scotland’s most important business organisations have called on UK finance minister Rachel Reeves to reduce the tax burden on Scotch Whisky in her first Budget…
Edinburgh investment giant Baillie Gifford announced that Rachel Clarke, Richard Flanagan, Annie Jacobsen, Viet Thanh Nguyen, Sue Prideaux and David Van Reybrouck are the six authors…
Four leading UK academics have joined forces to warn the UK Government that its commitment to resetting relations with the devolved governments cannot be met…
The Scotch Whisky Association (SWA) revealed that exports of Scotch Whisky in the first half of 2024 fell by 18% compared to the same period…
The longlist for the 2024 Baillie Gifford Prize for Non-Fiction has been announced. The winning author will receive £50,000, with the other shortlisted authors receiving…
SSEN Transmission, the 75%-owned subsidiary of Perth-based electricity infrastructure giant SSE plc, said it successfully launched its debut issuance in the Euro bond market with…
A pilot scheme that scrapped peak-time ScotRail fares will end in September following “a limited degree of success.” The project, which saw ticket prices subsidised…
New research from business and financial adviser Grant Thornton UK LLP has found that parents are more likely to encourage their child to apply for…
The Scottish Rugby Limited (SRL) board said it has appointed international banker Stephen White — currently chief operating officer for Santander UK — as an…
The UK’s central bank on Thursday cut interest rates for the first time since early 2020 — from 5.25% to 5% — and signaled that…
Vehicle fleet electrification and battery storage firm Zenobē said it has been awarded £41.7 million, alongside a network of bus operators, in phase 2 of…
Leading Scottish law firm Brodies LLP has announced its 14th consecutive year of growth, posting revenue of £114.3 million. In the financial year to April…
Standard Life, part of Phoenix Group, has concluded a £880 million Bulk Purchase Annuity (BPA) transaction with the Rolls-Royce & Bentley Pension Fund, which is…
The 10.1% increase in excise duty imposed by the UK government on Scotch Whisky in August 2023 — the biggest rise in more than four…
The UK central bank has kept its main interest rate unchanged at a 16-year high of 5.25% ahead of the July 4 general election —…
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 powerful Scotch Whisky Association (SWA) will visit Washington DC this week to lobby members of Congress — with 25 months still remaining to avoid the…
The University of Glasgow is to lead a consortium with support from the universities of Edinburgh, Sheffield, Stirling, Strathclyde, York and King’s College London to develop…
US hedge fund and activist investor Elliott Investment Management has acquired a 5.037% exposure stake in Baillie Gifford’s £14 billion flagship fund, the Scottish Mortgage…
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…
The UK central bank kept interest rates at a nearly 16-year high of 5.25% on Thursday — but opened up the possibility of cutting them as…
WTW’s annual Pensions De-risking Report said the UK defined benefit pensions market is likely to see £80 billion in pension “de-risking” transactions take place in…
The Scotch Whisky industry generated £7.1 billion of Gross Value Added (GVA) for the UK in 2022 — with £5.3 billion of that generated in…
A bottle of Scotch whisky has been sold for almost £2.2 million ($2.7 million) — an auction record for a bottle of wine or spirits, according…
By Mark McSherry Edinburgh-based investment giant Baillie Gifford revealed on Monday that its assets under management and advice have fallen again — this time to…
Edinburgh, Fife and Mid and West Lothian is one of the UK’s top innovation clusters outside the golden triangle of London, Oxford and Cambridge, according to…
The Scotch Whisky Association (SWA) announced that its application to register “Scotch Whisky” as a Certification Trademark in Hong Kong has been successful. Trademark recognition…
The Scotch Whisky Association (SWA) has released new figures showing that the value of exports in the first half of 2023 held steady when compared…
Plans by Dutch-owned Scotch Whisky Investments (SWI) to develop a major bonded whisky storage facility in Glenrothes in Fife have taken a major step forward…
The UK’s central bank on Thursday raised its key interest rate by a quarter of a percentage point to a 15-year high of 5.25% — and…
The Scotch Whisky Association (SWA) has warned that the largest tax increase on Scotch Whisky in 40 years, which has now been implemented by the UK…
Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), published a trading update for the six months ended June 30, 2023,…