International visitors spend record amount in Scotland
International tourism in Scotland is recovering at a stronger rate than other UK nations and regions, new figures from the UK’s Office of National Statistics…
International tourism in Scotland is recovering at a stronger rate than other UK nations and regions, new figures from the UK’s Office of National Statistics…
Mid-market private equity investment activity in Scotland in 2023 fell slightly compared to the record high of 2022, according to KPMG UK’s latest Mid-market Private…
Scottish investment firm Baillie Gifford is preparing to axe dozens of jobs as part of an ongoing cost review, according to a Bloomberg report. The…
Edinburgh-based investment giant Abrdn is planning to axe hundreds of jobs as part of a move to cut about £150 million in costs. Sources said Abrdn…
The Scotland and Northern Ireland team of the Business Growth Fund (BGF) has reported another “strong” year in 2023, delivering five successful exits and investing…
The £630 million Baillie Gifford US Growth Trust plc said its share price and net asset value (NAV) returned 12.3% and 4.1% respectively for the six months…
The UK’s Financial Reporting Council (FRC) announced it has dropped its earlier proposals for revisions to the UK Corporate Governance Code “related to the role of…
Edinburgh-based investment giant Baillie Gifford has appointed Amy Atack as a third managing partner and also four new regular partners, effective April 1. The firm’s other two…
Scottish Borders Council’s £900 million pension fund has partnered with Nuveen, the $1.1 trillion global asset manager of TIAA, to make its first allocation to natural…
Leith-based Build A Rocket Boy, the independent game developer and publisher, announced that it has closed on a $110 million Series D fundraising round. The new capital…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Proposed new rules to encourage companies to list their shares in the UK — and for the regulation of bond and derivatives trade information — have…
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 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…
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…
Edinburgh-based Murray Capital said turnover for the group from continued operations was £84.3 million in the year to June 2023, down 4% on the previous…
The latest Royal Bank of Scotland PMI report has revealed that Scottish firms continued to increase their workforce numbers in November — and at the strongest…
Abrdn has announced a new initiative to “demonstrate its commitment” to the range of UK listed closed-ended funds that it manages — by investing an…
Scottish businesses are continuing to report high vacancy levels and difficulties in finding new staff due to skill shortages, according to according to the latest…
Shares of Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), fell more than 10% after it published an “update…
By Mark McSherry Baillie Gifford’s £2.4 billion Monks Investment Trust plc said it has continued with “a run of poor relative returns that began two years…
Forth Ports announced that its group chief executive Charles Hammond has decided to step down from his role leading the UK’s third largest ports group…
Glasgow-based Smart Metering Systems plc (SMS) said on Thursday a company owned by funds advised by US-based private equity firm KKR and its affiliates will take…
The recovery in global markets during November tempted UK investors back into stock and bond funds for the first time in months, according to the…
Glasgow-based cloud computing firm Iomart Group said it has agreed to acquire Accesspoint Group Holdings Limited, the holding company of Accesspoint Technologies Limited. Based in North…
Weir Group, the Glasgow-based global mining and engineering giant, told an audience at the COP28 climate summit in Dubai it has completed a major study that…
Saudi Arabia’s PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the…
Asset management firm River and Mercantile — owned by Martin Gilbert’s AssetCo — announced it has changed its name to River Global. In recent years,…