Standard Life assets under administration up to £66bn
Standard Life, part of Phoenix Group, reported a 13% growth in Workplace net fund flows of £5.3 billion in 2024, taking its Workplace assets under…
Read MoreStandard Life, part of Phoenix Group, reported a 13% growth in Workplace net fund flows of £5.3 billion in 2024, taking its Workplace assets under…
Read MoreScotland’s historic attractions enjoyed a surge in visitor numbers in 2024 thanks to a rise in international visitors and booming film and TV tourism, new…
The board of Abrdn Asian Income Fund Limited announce that Isaac Thong is to be appointed lead manager of the fund, working alongside Eric Chan….
Glasgow-based BLK, the online market platform for commodities and raw materials trading, has confirmed a £50 million equity round from Nimbus Capital, a Panama based…
South Africa-based Acrux Sorting Technology (AST) has announced a strategic investment in SGZ Cononish Limited, the only commercial gold mine in Scotland, located near Tyndrum…
SSE plc, the Perth-based electricity infrastructure giant, said it successfully sold a new €600 million 7-year green bond maturing on March 18, 2032, with a coupon…
Global Ports Holding Ltd (GPH), the world’s largest cruise port operator, has signed a 50-year lease agreement with Clydeport Operations Ltd, a subsidiary of Peel Ports…
The University of Dundee has announced plans to cut 632 full-time equivalent jobs in a set of proposals “to address significant financial challenges and achieve…
The Johnnie Walker Princes Street visitor experience has announced the global launch of “Johnnie Walker Vault” in the Diageo whisky brand’s “most ambitious expression of blending…
Edinburgh-based Craneware plc, a provider of software for the US healthcare market, said its adjusted profit before tax rose 21% to $20.6 million in the six…
Glasgow media firm STV Group plc reported group revenue growth of 12% in 2024 to £188 million, driven by acquisition-related growth in its Studios business…
An independent review of the Scottish Fiscal Commission (SFC) by the Organisation for Economic Co-operation and Development (OECD) concluded the SFC “continues to stand out…
The Royal Bank of Scotland Growth Tracker — a seasonally adjusted index that measures the month-on-month change in the combined output of the country’s manufacturing and…
BrewDog, the Ellon, Aberdeenshire-based craft brewing giant announced that its chief financial officer (CFO) James Taylor is stepping up to CEO and Lauren Carrol becomes chief operating…
The Scottish and UK governments have signed a £70 million investment programme with Argyll and Bute Council to deliver economic growth for the area. The…
Seagreen Wind Energy Limited (SWEL), a joint venture owned by SSE Renewables (49%), TotalEnergies (25.5%) and PTTEP (25.5%), announced that it has signed an agreement…
Blackford, Perthshire-based natural source water producer Highland Spring Group, said it will continue to invest in growth after completing a competitive process to refinance its business. The…
A new report shows there has been a shift in the ownership of investment trust companies away from wealth managers and towards institutions and private…
Glasgow-based Solasta Bio, an agri-biotech company specialising in the next generation of green insecticides, announced two significant developments which it said accelerate its path to regulatory…
Joe Griffin has been appointed Permanent Secretary to the Scottish Government and will take up the post in April 2025. Griffin is currently Director General…
More than £100 million of funding to support Modern and Foundation Apprenticeships in 2025-26 has been confirmed by Education Secretary Jenny Gilruth. Contracts will now be…
Martin Gilbert’s asset manager AssetCo changed its name on Friday to River Global — a day after the investment firm announced its results for the year…
Mutually-owned Royal London, the life insurance, pensions and investment company, announced its 2024 results showing assets under management increased to a record £173 billion and…
The £5.2 billion Dundee-headquartered investment trust company Alliance Witan, has reported its 2024 results showing strong net asset value total return of 13.3%. Nonetheless, the fund…
The UK’s Competition and Markets Authority (CMA) said it has cleared the anticipated acquisition by William Grant & Sons Group of The Famous Grouse, Naked…
Growth expectations for the Scottish economy in 2025 are now weaker than previously anticipated, with an expected GVA growth of just 0.9% this year, 1.5%…
HSBC Holdings plc announced that Ian Stuart, currently CEO of HSBC UK, has been appointed as Group Customer and Culture Director. HSBC said this is…
The Port of Cromarty Firth said the UK Government has awarded it more than £55 million “in a huge boost to secure critical facilities needed…
Pioneering Scottish business Beta Bugs has secured a multi-million pound investment as it looks to become a global leader in insect genetics. Beta Bugs was…
Edinburgh-based biotech company Lentitek Ltd has secured £700,000 in private funding from Equity Gap, the Scottish angel investment syndicate, bringing its total investment to £1…
Scottish Wildlife Trust has announced the purchase of the 7,618-hectare Inverbroom Estate, near Ullapool, for £17.5 million following a “large private donation.” The deal is…
The UK business of German construction and real estate consultancy Drees & Sommer announced the acquisition of Scotland-based RSP Consulting Engineers LLP. RSP has offices in…
SSE plc Chief Commercial Officer Martin Pibworth has been appointed CBI Scotland Chair. SSE plc, the Perth-based electricity infrastructure giant, is the largest listed firm…
Equity investment levels in Scotland’s smaller businesses grew in 2024, bouncing back from a more difficult 2023, according to new research from the British Business…
Shares of Edinburgh-based investment giant abrdn rose as much as 12% on Tuesday as it returned to profit and abandoned its ridiculed, vowel-light brand name…
UK smaller companies are the “most unloved stocks in the world” according to new research by Edinburgh-based investment giant Abrdn. The global investment company looked…
Scottish businesses have created more than 400,000 apprentice jobs since the formation of the national skills agency Skills Development Scotland (SDS) in 2008. This milestone…
Subsea Micropiles Ltd. has secured £9.2 million to further develop its technology and expand operations in Scotland, which is expected to support around 100 jobs…
Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, said it entered into a binding agreement to acquire Mining Software Holdings Pty Ltd (Micromine),…
Edinburgh-based investment giant Abrdn plc announced the appointment of Siobhan Boylan of Coutts & Co as chief financial officer and executive director of the company,…
The number of overdue invoices on the books of Scottish businesses reached a three-year high in January, according to new research from R3, the UK’s…
Simpsons Malt Limited announced that it has supported more than 120 contracted farmers in achieving the UK’s first Farm Sustainability Assessment (FSA) Gold verification for…
Macfarlane Group, the Glasgow-based protective packaging, design and distribution firm, said its 2024 revenue slipped 4% to £270.4 million but profit before tax increased 3% to £20.9…
Embattled Aberdeen-based engineering and consulting giant John Wood Group announced on Thursday the appointment of Iain Torrens as interim chief financial oficer (CFO) amid a “critical…
The 2025-26 Scottish Budget has been approved by the Scottish Parliament, including £21.7 billion for health and social care services and more than £15 billion…
The University of Edinburgh’s principal and vice-chancellor Peter Mathieson has unveiled plans for up to £140 million of cuts to tackle severe financial difficulties. Mathieson announced “radical…
Scotland’s gross domestic product (GDP) grew by 1.1% for the whole of 2024 compared to 2023, while quivalent growth for the UK was 0.9%, the…
New analysis commissioned by the Abrdn Financial Fairness Trust has found that 32% of households in Scotland say they having nothing in savings. For the rest…
Approval has been issued to start the next phase of work to explore the case for extending the Borders Railway to Carlisle. Following recent confirmation…
The Denmark-based Arla Foods dairy cooperative has announced a proposal to invest €107.7 million into its Lockerbie site in Scotland, to support the farmer-owned cooperative’s future…
Troubled Aberdeen-based engineering and consulting giant John Wood Group confirmed on Monday afternoon that it has received a new approach from Dubai-based firm Sidara in relation…
Scottish biotech engineering company uFraction8 has secured £3.4 million in new investment following the completion of a funding round led by the Foresight Group. The…
UK Prime Minister Keir Starmer said on Sunday the UK government will provide an extra £200 million of investment for Grangemouth as the oil refinery…
A new report from the UK’s Institute for Fiscal Studies (IFS) shows there were 585,000 public sector workers in Scotland in 2024, representing 22% of…
SSE announced that its Chaintrix-Bierges and Vélye Wind Farm in northeast France is fully operational after completing the 28MW onshore wind farm. This is the…
The UK’s Competition and Markets Authority (CMA) announced that four major banks — Citi, HSBC, Morgan Stanley and Royal Bank of Canada — will pay…
Scottish Widows grew its workplace pensions assets under administration by 17% to £108 billion in 2024. The business is part of Lloyds Banking Group, which…
Embattled Aberdeen-based engineering group John Wood Group said on Thursday it has been awarded a $120 million contract extension by Shell UK Limited to provide brownfield…
Troubled Aberdeen-based engineering and consulting giant John Wood Group announced late on Wednesday that its chief financial officer (CFO) Arvind Balan “has tendered his resignation and the…
Beeks Financial Cloud Group, the Glasgow-based private infrastructure and connectivity provider for financial markets, published an update on trading for the six months ended December 31,…
Kelso Pharma, the growing specialty pharma business backed by Apposite Capital, the healthcare specialist private equity investor, announced the acquisition of the UK pharma business,…
Pulpex Limited, the sustainable packaging technology company, announced a £62 million Series D investment round led by the UK’s National Wealth Fund (NWF) and the…