Scots prime home sales over £500,000 outshine UK
Scotland’s prime home market priced above £500,000, which is less reliant on borrowing, showed a resilient 1% increase in net agreed sales in 2023, compared…
Scotland’s prime home market priced above £500,000, which is less reliant on borrowing, showed a resilient 1% increase in net agreed sales in 2023, compared…
Baillie Gifford’s £800 million Edinburgh Worldwide Investment Trust has reported that the fund’s net asset value (NAV) per share fell 23.6% and its share price fell 27.7%…
Intelligent Growth Solutions Ltd (IGS), the Scotland-based agritech infrastructure business, has announced a Series C fundraise of £22.5 million to support significant global expansion as the…
Skills shortages and availability of talent continue to act as a major barrier for business expansion in Scotland, according to latest Scottish Chambers of Commerce…
Shell UK said it has given the financial go-ahead for the development of the Victory gas field in the UK North Sea, approximately 47 km north-west…
Inverness-based Aurora Energy Services said it has secured funding from the Scottish National Investment Bank to bolster growth and expand its network of regional training…
Edinburgh-based Craneware plc, a provider of software for the US healthcare market, said its revenue rose 8% to $91 million in the six months ended December…
Aberdeen-based Trojan Energy, the on-street electric vehicle charging specialist, has secured £26 million investment to facilitate growth plans. The funding round comprises of £8 million from…
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…
ScottishPower has unveiled £5.4 billion worth of supply chain contract opportunities as it “turbo charges” the next phase of its electricity network investment in “the…
Scottish Enterprise has unveiled its new “future focus” to help unlock thousands of new jobs and billions of pounds of global growth opportunities. The national…
The latest Royal Bank of Scotland Purchasing Managers Index (PMI) report said the rate of job creation across Scotland was the strongest of all the…
BlackRock said on Friday it will buy Edinburgh Airport owner Global Infrastructure Partners (GIP) in a deal worth $12.5 billion. BlackRock, the world’s largest asset…
Scottish Rugby announced that CEO Mark Dodson will step down in the summer of 2024. Dodson, who was appointed in September 2011, previously had his…
John Wood Group, the Aberdeen-based global engineering and consulting giant, published a trading update for the year ended December 31, 2023, showing FY23 revenue of around $6 billion,…
Perth-based electricity infrastructure giant SSE has welcomed the announcement by the UK Government that it is opening a consultation on how it intends to support…
A planning application has been submitted to the City of Edinburgh Council for a new £2 billion “West Town” neighbourhood near the Scottish capital’s airport with…
Scotland’s fintech industry has seen a 24% increase in jobs to around 10,500 over the past two years as FinTech Scotland, the fintech cluster management…
Baillie Gifford’s £700 million Edinburgh Worldwide Investment Trust has announced big changes to its board. Private equity expert Jonathan Simpson-Dent will succeed Henry Strutt as chairman…
City of Edinburgh Council said CEO Andrew Kerr plans to leave his post on June 14, 2024. The recruitment process to appoint the capital city’s…
John Wood Group, the Aberdeen-based global engineering and consulting giant, has announced two important developments for the company. Wood said it has been awarded a…
SSEN Transmission, the 75%-owned subsidiary of Perth-based electricity infrastructure giant SSE plc, has successfully issued a £500 million 20-year green bond maturing on January 15,…
Manchester based property company AM Sci Tech – a subsidiary of Hurstwood Holdings – has finalised one of the most significant property deals in the…
Edinburgh investment giant Abrdn said its Concession Infrastructure business, a long-term investor in infrastructure projects across the world, has made a strategic investment in France’s NGE…
Aberdeen-based housebuilder Stewart Milne Group has appointed administrators, with over 200 employees being made redundant. The company announced in April 2022 it was embarking on a…
VisitScotland CEO Malcolm Roughead is to retire after more than 20 years with the national tourism organisation. VisitScotland said a recruitment process for a new chief…
John Wood Group, the Aberdeen-based engineering and consulting giant, said it secured a contract from HD Hyundai Heavy Industries for detailed engineering of the topsides…
Forres-based orbital launch services company Orbex announced the appointment of two tech and space sector stalwarts as the firm’s new CEO and executive chair. Entrepreneur and…
Edinburgh-based cancer therapeutics development specialist Cumulus Oncology has secured a £9 million funding package, which includes £6 million from the Scottish National Investment Bank. Cumulus…
The latest Royal Bank of Scotland Report on Jobs survey has yet again reported that permanent staff availability across Scotland fell in December — stretching…
Aberdeen-based North Sea oil and gas producer Ithaca Energy Plc said CEO Alan Bruce is stepping down “to pursue new opportunities.” Bruce oversaw Ithaca Energy’s…
LDC, the private equity investor which is part of Lloyds Banking Group, said it has made a significant investment in Kick ICT, Scotland’s largest independent…
Royal London is considering a bid to buy the Scottish Widows £6 billion bulk annuities portfolio being sold by Widows parent Lloyds Banking Group (LBG),…
The outgoing head of the UK’s Debt Management Office (DMO) has warned that Westminster politicians should be wary of provoking a backlash in financial markets by…
Stagecoach founder Brian Souter has been “extensively courted” in recent months by the SNP after distancing himself from the party during Nicola Sturgeon’s time in…
Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), announced it has acquired the trade and assets of US-based Single Cask…
Royal London has announced big changes to its board as its two longest-serving non-executive directors, Ian Dilks and Sally Bridgeland, retire. Dilks was appointed to…
Investment bank Peel Hunt has published a note warning that London’s stock market could shrink further in 2024 amid takeovers by foreign buyers and because…
The Scottish Greens said they have written to the Scottish Government’s Rural Affairs secretary Mairi Gougeon calling for urgent talks on tackling “problems” in Scotland’s…
HSBC has joined a number of rival high street banks competing to buy Edinburgh-based Tesco Bank as the bank’s supermarket owner starts a new effort…
The Scottish Government announced that 35 crofters and their families have received grant funding totalling over £1 million over the past year to build and…
Alliance Trust plc, the £3.4 billion Dundee fund, announced that Gregor Stewart will retire from the board and as chair of the investment trust company…
The first businesses on Fair Isle have been connected to full fibre almost two years ahead of schedule, the Scottish Government announced. A subsea fibre…
The average rent of newly listed homes across Scotland has increased sharply in the past year, according to research by property firm Rettie. “As of…
Palo Alto-based precision oncology company Guardant Health, Inc. announced it has entered into a common stock purchase agreement with Edinburgh-based investment giant Baillie Gifford for…
Edinburgh-based investment syndicate Archangels said it invested more than £13.8m during 2023 in 11 of Scotland’s most promising early-stage tech and life science companies. The…
SSE plc, the Perth-based electricity infrastructure giant, announced that Catherine Raw, managing director of its SSE Thermal business, will leave on April 12, 2024, to…
Scotland’s annual net migration from the rest of the UK continued to grow in the year to mid-2021, latest figures show. Scotland’s population was 5,436,600…
French oil and gas company TotalEnergies announced it has signed an agreement with Thailand’s national oil and gas company PTTEP for the sale of a…
Shareholders of Glasgow-based Smart Metering Systems plc (SMS) who say they represent 17.8% of the firm’s issued share capital have announced they will vote against…
UK government borrowing in the financial year to November 2023 was £116.4 billion, £24.4 billion more than in the same eight-month period last year and…
The head of the economic regulator of Scottish Water has left his job after Audit Scotland said it found “unacceptable use of public funds” by senior…
Proposed new rules to encourage companies to list their shares in the UK — and for the regulation of bond and derivatives trade information — have…
Abrdn and Pimco are betting that increasing their investments in UK government debt securities will bring bigger returns than buying into US Treasuries amid an increasing risk…
John Wood Group, the Aberdeen-based engineering and consulting giant, has announced changes to its executive committee with the appointment of two new executive leaders. Marla Storm…
The Scottish Government has published the Scottish Budget for 2024 to 2025, with measures that include a new tax band of 45p in the pound that…
Troubled Thurso-based battery cell developer AMTE Power has announced its intention to appoint administrators and request the suspension of trading in its shares on AIM….
Weir Group, the Glasgow-based global mining and engineering giant, has announced board changes and the establishment of a new board committee. The FTSE 100 company…
Edinburgh-based oil and gas firm Capricorn Energy announced it will acquire a stake in the Columbus gas field in the UK Central North Sea under a…
Elbow Beach Capital, the decarbonisation, sustainability and social impact investor, has announced a £1 million follow-on investment in Munro Vehicles, the Glasgow-based manufacturer of all-electric 4×4…
The SaxaVord Spaceport on the North Coast of the Shetland Islands has received a licence from the UK Civil Aviation Authority. The Shetland spaceport will now…
A new report from the Fraser of Allander Institute (FAI) think tank has revealed that Scotland’s renewable energy industry and its supply chain supported more than…
Edinburgh investment group Abrdn has confirmed media reports that it has slashed employee benefits as part of a fresh round of cost cuts. The cuts include…
The UK’s Institute for Fiscal Studies (IFS) has said the Scottish Government’s “generous” provision of free university tuition and non-repayable bursaries will soon become “increasingly…
The Fraser of Allander Institute (FAI) think tank has said the Scottish Government faces a £1.5 billion shortfall in funding for next year “due to…
The £336 million investment trust Abrdn Diversified Income and Growth plc (ADIG) announced that amid the fund’s “entrenched discount to net asset value” its board has…
National Grid announced that Eastern Green Link 1 Ltd — which is creating a subsea transmission cable from Torness in East Lothian to County Durham in…
Baillie Gifford’s £2.4 billion Monks Investment Trust plc announced that it has issued £74 million of fixed rate, senior, unsecured privately placed notes, denominated in Euros…
The Association of Investment Companies (AIC) said investment trusts have reported a record year for share buybacks, with £3.57 billion of shares repurchased in the year…
PwC UK’s latest Green Jobs Barometer shows that Scotland continues to lead the way in the creation of green jobs, with the highest proportion of…