News


Chivas Scotch whisky net sales up 25%

Chivas Brothers, the Scotch whisky business of Pernod Ricard, announced a “robust” performance for the year to June 30 that it said reflected “the significant…


IoD Scotland names McWilliam national director

Institute of Directors (IoD) Scotland has announced Catherine McWilliam as its new Director of Nations – Scotland. McWilliam succeeds previous national director, Louise Macdonald OBE, who…


John McGuigan to chair new-look SFE board

Scottish Financial Enterprise (SFE) has announced a new chair along with other appointments to a new-look board. SFE said current deputy chair John McGuigan will…









Iomart appoints Lucy Dimes as chair

Glasgow-based cloud computing firm Iomart Group announced the appointment of Lucy Dimes as non-executive chair of the company, with effect from its AGM on August…









Hampden & Co deposits rise 21% to £731m

Edinburgh and London-based private bank Hampden & Co said its deposits rose 21% to £731 million as it reported record results for the first half of the…









Abrdn sells £225m stake in India’s HDFC

Edinburgh-based investment giant Abrdn announced it sold another 6% of HDFC Asset Management Company Limited (HDFC AMC) in India to raise £225 million. The Edinburgh firm…




Phoenix in record H1 cash generation of £950m

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, announced it posted record cash generation of £950 million…



Abrdn manager slams central banks for inflation

“Delusional” central banks have been blamed by Bruce Stout, manager of Abrdn’s £1.77 billion Murray International Trust, for stoking global inflation with a “toxic cocktail…


Abrdn buys stake in Archax digital asset exchange

Edinburgh-based investment giant Abrdn confirmed it has concluded a deal to become the largest external shareholder in Archax, the UK’s first regulated digital securities exchange. Abrdn…



Glasgow investment firm N4 hires Merrylees

Glasgow investment firm N4 Partners has announced the appointment of Gordon Merrylees, the former Managing Director of Entrepreneurship for NatWest, Royal Bank of Scotland (RBS) and Ulster…



Baillie Gifford US Growth Trust falls 45%

The £600 million Baillie Gifford US Growth Trust plc announced its share price and net asset value (NAV) returned -45.5% and -35.3% respectively in the year…





Scots private sector growth at 17-month low

Business activity across the Scottish private sector increased at only a fractional pace during July, according to the latest Royal Bank of Scotland Purchasing Managers…







AMTE Power shares up 20% on Cosworth news

Shares of Thurso-based battery cell developer AMTE Power rose almost 20% on Friday after it announced it signed a memorandum of understanding (MoU) with automotive engineering…


Kuwait’s NAS completes £571m Menzies takeover

The £571 million cash takeover of Edinburgh-based airport logistics giant John Menzies plc by Kuwait-based National Aviation Services (NAS), a subsidiary of Agility Public Warehousing Company, has been…