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Anderson says ESG damaging; reveals Musk clash

ESG investment frameworks “are profoundly damaging to the prospect of changing the corporate sector” according to James Anderson, the outgoing joint manager of Baillie Gifford’s high-flying…


Scotgold reports 24% increase in gold concentrate

Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, has reported a 24% increase in gold concentrate produced at its Cononish Gold and Silver Project…


Ofgem investigates SSE Generation

The UK’s energy market regulator Ofgem said on Monday it has launched two investigations into whether SSE Generation Limited, part of Perth-based SSE, and transmission…


Gilbert’s AssetCo completes Parmenion deal

Martin Gilbert’s investment firm AssetCo plc announced it has completed the acquisition of a 30% equity interest in Parmenion Capital Partners LLP, a discretionary investment…




Exscientia, Dundee Spin Out, raises $304m in IPO

Edinburgh-based Frontier IP, a specialist in commercialising university intellectual property, said on Friday its portfolio company Exscientia plc has announced the pricing of its initial public…


Scottish Mortgage hires Prudential CFO FitzPatrick

Baillie Gifford’s high-flying flagship fund, the £20 billion Scottish Mortgage Investment Trust plc, announced the appointment of Prudential plc chief financial officer Mark FitzPatrick as a non-executive director….







Virgin Money to cut 31 branches and 112 jobs

Glasgow-headquartered Virgin Money has announced plans to close another 31 branches, including 12 in Scotland, as it “accelerate its digital strategy, enabling greater efficiency.” When…








SSE Renewables in $208m Japan offshore deal

Perth-based SSE Renewables announced it has signed an agreement with Pacifico Energy, one of Japan’s largest developers of renewable energy, to create a joint ownership…





South Lanarkshire wind farm sold for £121m

Greencoat UK Wind plc has agreed to acquire Andershaw wind farm in South Lanarkshire from Statkraft UK Limited for £121 million. “Andershaw is a 35MW wind farm located two miles…


SSE ScotWind plan pledges £15bn for economy

SSE Renewables, Japanese conglomerate Marubeni Corporation (Marubeni) and Danish fund management company Copenhagen Infrastructure Partners (CIP) said up to £15 billion would be added to…



Scotgold converts director loans into shares

Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, announced it has converted loans from four directors into shares in the company. On September 1,…






Cairn Energy completes $463m Egypt acquisition

Edinburgh-based Cairn Energy and consortium partner Cheiron Petroleum Corporation announced the completion of the acquisition of a portfolio of upstream oil and gas production, development and…