Beeks Financial Cloud Group plc, the Glasgow-based cloud computing and connectivity provider for financial markets, said it has achieved “preferred cloud computing and connectivity vendor status for one…
Babcock said it will create more than 1,000 new jobs at its advanced manufacturing and shipbuilding facility in Rosyth. “Underpinning our commitment to further develop…
Abrdn’s £1.8 billion Murray International Trust net asset value (NAV) has posted a total return — with net income reinvested — of +8.6% for 2023. The…
Scotland’s tourist visitor attractions enjoyed a strong year in 2023 with visitor numbers up 17.2%, according to new figures. Visitor attractions across Scotland recorded almost…
Bank of Scotland plc — owned by Lloyds Banking Group — has reported a 2023 group profit before tax of £351 million, down 69% from…
Glasgow-based commercial lender Sallyport Commercial Finance said it is poised for significant growth in 2024, capping off a successful first year with £4.4 million of funding…
Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, said its 2023 revenue from continuing operations rose 7% to £2.636 billion and adjusted profit…
E-learning firm ITZA has secured £2 million of R&D grant and equity funding from Scottish Enterprise, Alba Equity and private investors to grow a digital…
Aberdeen-based transport giant FirstGroup has announced that its “open access” rail service Lumo is in discussions with Transport Scotland and Network Rail to extend some…
Abrdn plc announced that Catherine Bradley will not seek re-election at the company’s Annual General Meeting on April 24, 2024, and will stand down as…
Edinburgh-based green energy integrator Logan Energy said it has secured £5 million of investment to develop its systems-led approach in the emerging hydrogen power sector….
By Mark McSherry Apple shareholders Abrdn and Legal & General Investment Management (LGIM) are planning to challenge the tech giant’s disclosure practices regarding artificial intelligence (AI)…
By Mark McSherry The Association of Investment Companies (AIC) has published a comprehensive report on the ownership of investment trust shares as at December 31,…
Celtic plc announced that its revenue increased 11% to £85.2 million in the six months to December 31, 2023, while profit before taxation slipped to…
The Scottish Government has launched its first Techscaler hub in San Francisco to help startups from Scotland build contacts with international investors and customers. The…
Baillie Gifford’s £2.7 billion Monks Investment Trust plc announced the appointments of Randeep Singh Grewal and Stacey Parrinder-Johnson as non-executive directors of the company, both with effect…
Standard Life, part of Phoenix Group, has appointed former Hymans Robertson executive Mike Ambery in the new role of Retirement Savings Director. “In this role,…
AI-driven drug discovery firm Exscientia said in a US regulatory filing that it terminated the employment of CEO Andrew Hopkins “following an investigation which found…
By Mark McSherry UK central government borrowing in the financial year-to-January 2024 was £96.6 billion, £3.1 billion less than in the same 10-month period a…
Urban Logistics REIT plc may have started a bidding war for Abrdn Property Income Trust Limited (API) with a rival “indicative” all-share offer a month after API…
AEG Europe, owner of The O2 venue in London, said it has submitted a planning application to City of Edinburgh Council for its proposed 8,500-capacity arena in…
Alliance Trust plc, the £3.4 billion Dundee-headquartered fund, has declared a fourth interim dividend of 6.34p per share, up 5.7% on the equivalent dividend of 6p…
J.P. Morgan Private Bank said it will expand its operations in Scotland with the addition of a new team of dedicated advisors in Edinburgh. The…
Elgin-based house builder Springfield Properties said its revenue fell 25% to £121.7 million and statutory profit before tax fell 80% to £1.2 million in the six…
Forth Ports, the UK’s third largest port group, said it has placed an order for two new pilot boats to join its fleet working on…
By Mark McSherry Europe’s largest buyout firm CVC Capital Partners announced that Scotsman Donald Mackenzie, one of its co-founders and most successful dealmakers, is stepping…
Standard Life, part of Phoenix Group, has concluded a £114 million Bulk Purchase Annuity (BPA) transaction covering 1,800 members of the Vector Pension Scheme, which…
NatWest Group plc — formerly known as Royal Bank of Scotland — said its operating profit before tax rose 20% to £6.2 billion in 2023…
The board of NatWest Group plc — formerly known as Royal Bank of Scotland — has confirmed the appointment of Paul Thwaite as group chief…
Scotland saw hotel transaction volumes — sales of £1 million+ — reach £310 million in 2023, up 98% on 2022’s figure of £156 million, according…
Baillie Gifford’s £1 billion investment trust Scottish American Investment Company (SAINTS) reported that its share price total return was 8.2% and net asset value total return…
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’s gross domestic product (GDP) fell 0.3% in the fourth quarter, more than the 0.1% drop that economists had forecast, according to latest statistics from the…
The Hunter Foundation (THF) said it has launched the next phase of its ScaleUpScotland programme, recruiting for its fifth cohort of 12 scaling businesses. THF…
Property consultancy Bidwells announced it has been successful in securing a further tenure as managing agents for Crown Estate Scotland’s coastal portfolio, following a full public procurement exercise….
Lothian Buses has announced its passenger numbers increased by more than 17% from 94 million in 2022 to 110 million in 2023. Edinburgh Trams, the…
The latest Royal Bank of Scotland purchasing managers’ index (PMI) has revealed a renewed rise in business activity across the Scottish private sector at the…
Edinburgh investment giant Abrdn has confirmed it is trialling alternatives to Bloomberg terminals as part of a its recently-announced move to slash about £150 million in…
The International Corporate Governance Network (ICGN), a group of international institutional investors with $77 trillion of assets, have warned that proposed reforms to company listing…
NatWest Group has announced the appointment of wealth management executive Emma Crystal as the new CEO of its wealth businesses, including the Coutts private bank,…
Edinburgh-based Tesco Bank is to be bought by Barclays Bank UK in a deal worth about £600 million. Barclays announced it entered into an agreement with…
The latest Royal Bank of Scotland Report on Jobs survey has reported yet another “deterioration in permanent candidate availability” as it confirmed a drop in…
The Scottish Government’s 10-year economic strategy “currently lacks collective political leadership and clear targets” according to a new report from Audit Scotland. The Scottish Government…
The Scottish economy is expected to improve in 2024 after little growth over the course of 2023, according to the latest quarterly Economic Commentary from…
Leaders of UK Government Investments (UKGI) told the UK parliament’s cross-party Treasury Committee on Tuesday that the process to sell more of the British taxpayer’s remaining…
The EY ITEM Club Scottish Winter Forecast has predicted that Scotland’s economy is set to gain momentum this year with the prospect of interest rate cuts…
John Wood Group, the Aberdeen-based global engineering and consulting giant, has secured an $80 million contract extension with Equinor to deliver maintenance and modification solutions…
Shell has joined the Renewables for Subsea Power (RSP) collaborative project which is currently powering subsea equipment off the coast of Orkney through a combination…
Business and financial adviser Grant Thornton UK LLP has announced changes to its leadership team in Scotland, with Stuart Preston appointed new practice leader and three…
Aberdeen-based independent oil and gas firm Parkmead Group announced it has been provisionally awarded three new offshore blocks by the North Sea Transition Authority (NSTA) in…
The Scottish Government has announced the appointment of a new chair and two new members to the board of the Scottish Land Commission. Michael Russell…
Scottish Water has announced that average weekly household water bills in Scotland will rise by £35.95 a year — or just under 70p a week —…
Phoenix Group Holdings plc, owner of Standard Life, said it experienced new business net fund flows of £7 billion in 2023, an 80% year-on-year increase….
Edinburgh investment giant Baillie Gifford announced that it has created a dedicated China equities investment team “to better serve existing and potential clients.” Linda Lin,…
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…
TSB has reported a statutory profit before tax of £237.2 million for 2023 — an increase of £53.7 million or 29.3% on 2022 – and…
A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks, Funkin cocktail mixers and MOMA foods, announced the appointment of Euan Sutherland as its new…
M Core, the commercial property and investment collective, said it has acquired the Princes Square retail development in Glasgow city centre. M Core said that Princes…
Public sector procurement specialist SCAPE Scotland has launched a £1 billion “Utilities Works and Services Framework.” SCAPE said the framework is designed to “empower utility…
Gordon Humphries has been elected as chair of the Association of Investment Companies (AIC) and Sapna Shah has been elected as deputy chair with immediate effect….
The number of first-time buyers fell in Scotland by 10% to 27,339 last year — the smallest fall in the UK — compared to 2022,…
Bond dealers have told the UK’s Debt Management Office (DMO) that the UK government should reduce sales of long-dated government debt (bonds) in the financial…
Amazon announced that it has signed a corporate power purchase agreement (CPPA) with ENGIE to increase its share of output from Ocean Winds’ Moray West…
Edinburgh-based Carcinotech has raised £4.2 million as part of its latest funding round and has plans to expand into the United States later this year….
Edinburgh Council’s transport and environment committee is to discuss a “recommended” north-south tram line which would extend the existing tram network that links the capital city’s…
Renewable technologies have delivered more electricity than Scotland uses for first time, according to the Scottish Government. It said new statistics show that renewable technologies generated…
Abertay University in Dundee announced it is to be the scientific lead in a €3.8 million study into European video game clusters. It said the…
Aberdeen-based FirstGroup plc announced it has signed an agreement to acquire York Pullman Bus Company Ltd, a business comprising five coach services brands. “York Pullman…
Lloyds Banking Group (LBG) — parent firm of Bank of Scotland, Scottish Widows and Halifax — is to cut 1,600 staff from its branch network…
By Mark McSherry The next UK government is likely to face “some of the most difficult economic and fiscal choices the UK has faced outside…