Capricorn Energy to update on Egypt business
Edinburgh-based oil and gas firm Capricorn Energy said on Monday that a “detailed operational update presentation on its Egypt assets” will be held in London…
Edinburgh-based oil and gas firm Capricorn Energy said on Monday that a “detailed operational update presentation on its Egypt assets” will be held in London…
The value of Scottish international goods exports rose 12.6% to £36.7 billion in the year ending June 2023, according to latest figures from HMRC. The…
Edinburgh-based oil and gas firm Capricorn Energy said “accounts receivable” from the Egyptian General Petroleum Corporation (EGPC) increased from $97 million to $144 million in the…
A full-service investment bank, Cavendish, has been created in Scotland with the completion of the merger of Cenkos Securities and finnCap Group. Operating from Cenkos’…
A new report from Robert Gordon University (RGU) in Aberdeen has said that the UK offshore energy workforce can increase by up to 50% from…
The estimated unemployment rate in Scotland was 4.3% in the May to July 2023 quarter, up 1.2 percentage points over the previous quarter and up…
Edinburgh investment giant Baillie Gifford has argued that “zero fossil fuel exposure today is not realistic” in a paper called “A response to fossil fuel…
Alba Bank, the new Scottish bank dedicated to small and medium sized business (SME) lending, said it has appointed banking industry veterans Robert Sharpe and Andrew…
The latest Royal Bank of Scotland purchasing managers index (PMI) survey has marked the end of a six-month period of growth. The survey reported no…
Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, said on Monday that trading in its shares will be suspended immediately “pending…
Scottish Financial Enterprise (SFE), the member body for Scotland’s large financial and related professional services industry, has launched a major new promotional campaign to attract…
Investment trust Caledonia Investments plc announced that it agreed terms for the sale of its majority stake in Seven Investment Management (7IM) to Ontario Teachers’…
Edinburgh-based Craneware plc, a provider of software for the US healthcare market, said its revenue increased 5% to $174 million in the year ended June 30, 2023, with…
Liechtenstein-based private bank LGT said it has successfully completed the acquisition of Abrdn’s discretionary fund management business in the UK and Jersey for £140 million….
Shetland Islands Council said its ‘Shetland Short Crossings Project’ aimed at connecting all its main islands by either a tunnel or a new ferry is…
Wood Group plc and Harbour Energy, the UK’s largest oil and gas producer, have entered into a new strategic partnership for UK North Sea operations…
The Scottish Music Industry Association (SMIA) announced the appointment of Robert Kilpatrick as Interim CEO and Creative Director with immediate effect. Outgoing CEO Ronnie Gurr joined the…
Janus Henderson Investors announced on Thursday that John Bennett, its Director of European Equities, has decided to retire from the asset management industry and the…
Index compiler FTSE Russell confirmed late on Wednesday that Edinburgh investment giant Abrdn will be demoted from the FTSE 100 following a drop in its…
Glasgow-based Panoramic Growth Equity, an equity and debt investor in UK small and medium companies (SMEs), has announce the final close of its new £100 million Panoramic…
Montrose Port Authority (MPA) has announced a 34% rise in revenue — the “highest revenue outcome ever achieved by the port.” The port said its performance…
Only 9% of Scottish firms agree that the Scottish Government “understands the business environment in Scotland” compared to 64% of businesses that disagree, according to the…
Stirling Council has finally confirmed a “Section 75 Agreement” so that Springfield Properties’ 3,000-home village development at Durieshill, Stirling, can move forward. Springfield is building a…
The volume of private equity deals in Scotland’s mid-market businesses fell 25% in the first half of 2023 amid a “significant increase” in the price…
Scottish law firm Burness Paull said its turnover rose 6% to £83.2 million in the financial year ended July 31, 2023, and profit was steady at £35.5…
Scotland’s First Minister Humza Yousaf has announced the transfer of the Clyde Mission regeneration programme to the Glasgow City Region as Scottish Government investment in…
The £450 million Abrdn UK Smaller Companies Growth Trust plc announced that it extended its period of underperformance against its benchmark on both a net asset value (NAV)…
Scottish Financial Enterprise, the member body for Scotland’s big financial services industry, has appointed Ben Rose as its new director of public policy and communications…
Index compiler FTSE Russell has confirmed that Edinburgh investment giant Abrdn is facing demotion from the FTSE 100 following a drop in its share price…
The UK’s public sector net borrowing excluding public sector banks (PSNB ex) in the financial year to July 2023 was £56.6 billion, £13.7 billion more…
Scotland’s big financial services sector must do more to improve social mobility, according to a roundtable hosted by KPMG UK in partnership with Scottish Financial…
New trade results produced by Scottish Development International (SDI), the international arm of Scottish Enterprise, show that support it provided to companies across Scotland in…
Year end statistics from Highlands and Islands Enterprise (HIE) show it approved up to £63.2 million of investment in 489 projects by 313 clients during the…
Around 40% of Scottish firms surveyed for the latest Addleshaw Goddard Scottish Business Monitor (SBM) reported cancelling or delaying investments – on primarily physical assets…
The Scotch Whisky Association (SWA) has released new figures showing that the value of exports in the first half of 2023 held steady when compared…
The volume of venture capital (VC) invested into Scotland’s start-ups fell significantly in the second quarter of 2023 as the deals market continues to experience…
Investment volumes in Scottish commercial property fell 66% to £570 million in the first half of 2023 compared to the first half of 2022, according…
The Scottish Government said on Wednesday that Scotland’s “notional deficit” under the current constitutional position as part of the UK has continued to fall “at a…
By Mark McSherry Edinburgh fund management giant Baillie Gifford has explained its approach and attitude to investing its £235 billion of assets in the current…
The estimated unemployment rate for people aged 16 years and over in Scotland was 4% in April to June 2023, below the UK rate of…
Edinburgh investment giant Abrdn has started to give staff access to an in-house version of ChatGPT as the FTSE 100 asset manager looks to adopt…
Abrdn’s £1.6 billion Murray International Trust announced that its controversial lead investment manager Bruce Stout will retire in from the Edinburgh investment giant in 2024….
Media investment firm National World plc — publisher of The Scotsman, The Yorkshire Post and a number of national and local media platforms — said…
Real estate investment trust Capital & Regional announced on Thursday it agreed to acquire The Gyle Shopping Centre on the western edge of Edinburgh for…
The £609 million Baillie Gifford US Growth Trust plc said its share price and net asset value (NAV) returned -13.8% and -2.7% respectively in the year…
Plans by Dutch-owned Scotch Whisky Investments (SWI) to develop a major bonded whisky storage facility in Glenrothes in Fife have taken a major step forward…
The UK is on course to experience five years of lost economic growth, the longest since the aftermath of the Global Financial Crisis, according to…
North Sea decommissioning work offers a “significant opportunity” with £21 billion of spending forecast in the next decade, according to the UK’s North Sea Transition Authority…
Scotland’s Central Belt is experiencing above-average levels of research and innovation and business investment compared with the UK, with high levels of investment also seen…
Cytomos, an Edinburgh-based life science company that has developed a proprietary new approach to analysing cells, has secured £4 million to scale up market testing of its…
A surge in bulk annuity deals is anticipated over the next five years, with 86% of pension scheme trustees expecting to approach an insurer in…
The latest Royal Bank of Scotland Report on Jobs reveals a fresh expansion in permanent job placements across Scotland in July — with the rate…
The UK’s central bank on Thursday raised its key interest rate by a quarter of a percentage point to a 15-year high of 5.25% — and…
Mackie’s of Scotland, the family-owned ice cream, food and drink brand, has announced record sales after pursuing an ambitious growth strategy across the UK. Mackie’s said…
Think tank IPPR Scotland has called on the Scottish government to “set a clear expectation” that all workers be paid at least the “real living…
The Scotch Whisky Association (SWA) has warned that the largest tax increase on Scotch Whisky in 40 years, which has now been implemented by the UK…
John Wood Group, the Aberdeen-based global engineering and consulting firm, said it has been awarded a multi-year enterprise framework agreement (EFA) to continue to provide services…
By Mark McSherry Baillie Gifford’s latest “Annual Value Assessment” report on its UK authorised funds has reported that 18 of 36 funds run by the…
BT Group plc has announced the appointment of Glaswegian Allison Kirkby as its next chief executive. Kirkby will take over from Philip Jansen around the end…
Scottish SMEs are spending an estimated 35% of their overheads on international payment fees when using traditional banks, according to a survey by fintech firm Wise….
Archangels, the business angel syndicate investing in early-stage Scottish life sciences and technology companies, is bolstering its funding fire power after securing a £12 million…
The UK government said on Monday it will grant more than 100 new oil and gas licences in the North Sea as part of efforts…
NatWest Group chairman Howard Davies said on Friday that said political pressure prompted the ousting of chief executive Alison Rose following revelations that she discussed with…
Alliance Trust plc, the £3.3 billion Dundee investment trust company, said the fund’s net asset value (NAV) Total Return was 11.1% for the six months ended June…
NatWest Group Plc said on Thursday the head of its Coutts private bank subsidiary, Peter Flavel, will depart with immediate effect. On Wednesday, the UK…
Edinburgh-based investment giant Abrdn plc has announced the appointment of Jason Windsor as its new chief financial officer (CFO), subject to regulatory approval. Windsor, 50, has…
Standard Life, part of Phoenix Group, said it has concluded a £1.2 billion Bulk Purchase Annuity (BPA) transaction covering 20,200 members of the Mitchells &…
Bank of Scotland plc, owned by Lloyds Banking Group, reported a loss before tax for the half-year to June 30, 2023, of £112 million, compared to…
Aberdeen-based PD&MS, a specialist engineering services company operating within the energy transition, conventional energy, low carbon and renewables sectors, has been acquired by Cheshire-based RSK….
Shares of Thurso-based battery cell developer AMTE Power soared as much as 200% to around 12p after it announced it agreed a new secured £1…