£360m Abrdn Diversified gets ‘attractive’ proposals
The £360 million investment trust Abrdn Diversified Income and Growth plc (ADIG) — which last month commenced a strategic review — announced it “has received…
The £360 million investment trust Abrdn Diversified Income and Growth plc (ADIG) — which last month commenced a strategic review — announced it “has received…
Abrdn-owned platform Interactive Investor (ii) has written a ‘Dear CEO’ letter to FTSE 100 company chairs and the UK’s 20 most-held investment trusts on the…
NatWest chief executive Alison Rose has apologised to Nigel Farage, former leader of the pro-Brexit UK Independence Party, for dropping him as a client of the…
The board of the £13 billion Scottish Mortgage Investment Trust announced the appointment of Stephanie Leung as independent non-executive director of the closed end fund…
ADS Group, the UK trade association for the aerospace, defence, security and space industries, has reported that £3.2 billion was contributed by Scottish businesses in the…
Shares of Deltic Energy Plc rose about 30% after it announced a “significant” increase in its estimate of oil and gas resources for the Pensacola…
Edinburgh-based Murray Capital has sold its Singapore-based Asian steel business Murray Energy Asia to the company’s management which is led by MD Teresa Chong. The sale…
The UK government wants to scrap restrictions inherited from the European Union that ban the “naked” short-selling of UK government bonds. The UK Treasury said…
The UK government said nine of the UK’s largest defined contribution pension providers have agreed to allocate 5% of assets in their default funds to unlisted equities…
Fife-based timber and construction supplier Donaldson Group has appointed Alyson Donaldson as group chief financial officer. She is the first female Donaldson family member to join the…
The Scottish private sector indicated a “solid and quicker expansion” in activity during June, according to the latest Royal Bank of Scotland PMI data report….
Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, announced it is undertaking a third party review of the Cononish mine plan for…
Willie Watt has been re-appointed to the role of chair at the Scottish National Investment Bank for a further four years. The National Investment Bank…
Centrica Business Solutions said it has secured the development rights to a 65MW two-hour battery storage plant in Perthshire, Scotland, its largest battery storage acquisition…
Investors withdrew £662 million from stock funds in June, the largest outflow since the market chaos of September 2022, according to the latest Fund Flow…
The UK’s Financial Conduct Authority (FCA) is proposing to set up a consolidated tape (CT) so that investors “can get clear and low-cost trading data.” The…
Tokyo-based Mitsui & Co. has agreed to acquire STATS (UK) Ltd , the Kintore, Aberdeenshire-based oil and gas pipeline specialist. STATS CEO Leigh Howarth and…
Investment firm M&G plc announced the appointment of Caroline Connellan as the CEO of M&G Wealth, subject to regulatory approval. Connellan is the former CEO…
Edinburgh-based Martin Currie, the specialist investment manager of Franklin Templeton, has announced the launch of its first social impact fund. A sub-fund of the Franklin Templeton…
A prominent recruitment firm for Scotland’s big financial industry has warned that the sector must embrace the wave of transformation resulting from artificial intelligence (AI)…
Private real estate investment fund manager Henderson Park has acquired the Waldorf Astoria Caledonian Hotel Edinburgh for a reported £85 million. The five-star hotel in…
John Wood Group, the Aberdeen-based global engineering firm, announced it has been awarded a contract extension worth $250 million by Brunei Shell Petroleum (BSP), Brunei’s largest…
Only four in 10 of people in Scotland believe they have the skills, knowledge and experience to start their own businesses, according to a new…
Scottish Water invested a record £886 million in the last year, according to its latest annual report. But the the publicly-owned utility said the changing…
The Scottish economy so far in 2023 has performed better than was expected only a few months ago, according to the Fraser of Allander Institute’s…
Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — announced it exceeding £1 billion in core revenue…
A powerful group of UK pension schemes has argued that plans to relax the UK’s company listings rules to attract more IPOs to the London…
The Edinburgh Festivals throughout the year contribute £492 million to Edinburgh and £620 million to Scotland in “gross impact” according to the latest study by BOP…
More than 3,200 new Scottish businesses were set up last month, according to new research from R3, the UK’s insolvency and restructuring trade body. R3’s…
About 35% of the UK population could face poverty in retirement, according to Scottish Widows’ 19th annual Retirement Report. Widows said the report’s new National…
BrewDog co-founder and CEO James Watt said on Wednesday that Brexit has been “tragic” for UK business. “It has massively handicapped UK businesses that do business…
A 10-year plan to help create entrepreneurial campuses at 45 universities and colleges across Scotland has been launched by First Minister Humza Yousaf during his…
Aberdeen-based global engineering firm John Wood Group announced it has won a significant US life sciences project with GSK. “Wood has won an award valued…
Quality Meat Scotland (QMS) said that turnover from primary red meat processing in Scotland is estimated to have risen for a third consecutive year in 2022,…
Euan McVicar has been appointed the new chair of Crown Estate Scotland, the public corporation tasked with managing seabed, coastline, commercial property and rural estates…
Edinburgh-based oil and gas firm Capricorn Energy said on Monday that $104 million of its $145 million “trade receivables” in Egypt is “overdue.” Capricorn, formerly…
The Caledonian Sleeper overnight train between Scotland and London has been moved into Scottish Government ownership. Sleeper services will be provided within Scottish Government ownership…
The Scottish Government’s Constitution Secretary Angus Robertson said Brexit has limited Scotland’s economic growth, restricted trade, increased food costs and diminished opportunities for young people….
The Scottish Tourism Alliance has published the results of its latest quarterly industry survey — showing that almost half of tourism and hospitality businesses “do…
By Mark McSherry An independent financial study into the University of Edinburgh’s economic and social impact has found that the institution generates £7.52 billion per year to…
By Mark McSherry Baillie Gifford’s flagship investment trust, the £13 billion Scottish Mortgage fund, has explained to its shareholders the extent of its investments in…
The UK’s public sector net debt surpassed 100% of gross domestic product in May — for the first time since 1961 — as May borrowing…
By Mark McSherry Edinburgh-based investment giant Abrdn plc announced that its US subsidiary Abrdn Inc agreed to acquire the healthcare fund management capabilities of Boston-based…
Decades of underinvestment in businesses has left the UK in a “growth doom loop” according to new analysis by progressive think tank the Institute for Public…
Edinburgh-based Abrdn plc said subsidiary Abrdn Investment Management Limited (AIML) sold 21.8 million shares in HDFC Asset Management Company Limited (HDFC AMC) on the National Stock Exchange…
By Mark McSherry Baillie Gifford’s £2.6 billion Monks Investment Trust plc said its net asset value (NAV) total return was -1.6% and share price total return…
The board of the £360 million investment trust Abrdn Diversified Income and Growth plc (ADIG) — formerly known as British Assets — announced that it…
By Mark McSherry The UK’s central bank, the Bank of England, said it has launched its first system-wide liquidity “stress test” to establish how big…
Celtic plc announce that Brendan Rodgers has been appointed the club’s new football manager on a three-year contract. “Brendan previously managed the club to phenomenal…
By Mark McSherry Scotland remains the most attractive location in the UK outside of London for Foreign Direct Investment (FDI), according to EY’s latest Scotland…
The £300 million Baillie Gifford UK Growth Trust has reported a “poor year of relative performance” for the year to April 30, 2023, in which net…
Smaller firms in Scotland saw record levels of equity investment in 2022 despite difficult economic conditions, according to new research from the British Business Bank….
Scottish Canals “urgently” needs to improve its financial reporting, according to Audit Scotland. The 2021-22 audit of Scottish Canals was carried out by Grant Thornton…
The UK Government’s windfall tax on North Sea oil and gas producers will not be applied if energy prices drop below certain levels for six…
By Mark McSherry Edinburgh-based investment giant Abrdn announced that Archax, the FCA regulated digital asset exchange, has created a tokenised representation of its interests in…
The SNP has started a search for a new chief executive and is offering a salary of £95,000 per year. The “person specification” section of the…
Shares of Aberdeen-headquartered transport firm FirstGroup plc rose about 15% on Thursday after it beat annual profit forecasts as its bus passenger numbers were helped by…
Scotch Whisky giant Diageo plc announced on Wednesday that Ivan Menezes, who held the CEO role at the world’s biggest spirits company for 10 years, has…
Major structural reforms are required to the current way skills are delivered in Scotland, according to an independent review of the system by former Scotland…
The Scottish National Investment Bank announced that Mark Munro has been appointed to the new role of Chief Investment Officer (CIO). The new role will…
XPS Pensions Group has estimated that the aggregate surplus of UK pension schemes rose in May to £110 billion. XPS said a significant rise in…
The lead manager of the £1.1 billion Abrdn Private Equity Opportunities Trust plc (APEO) has responded to recent criticism of private equity investment companies by…
Edinburgh-based Securities Trust of Scotland, the £230 million global fund, announced it has changed its name to STS Global Income & Growth Trust plc. The investment…
Scottish construction waste recycling firm Brewster Brothers is investing £6 million in a second recycling plant at Gartshore, near Cumbernauld. “The increasing appetite for recycled aggregates and…
Scotland’s food and drink industry is being showcased to high-profile French chefs this week to raise awareness of the country’s world-class produce. Six French chefs,…
Hargreaves Lansdown has appointed former Brown Shipley executive Toby Vaughan as its new chief investment officer, responsible for the HLFM fund range. “Toby’s responsibilities include…
Scotland has returned to its historic position as the top location for financial services foreign direct investment (FDI) in the UK outside of London, according…
NatWest Group — formerly known as RBS — said on Monday it has completed its acquisition of a majority shareholding in workplace savings and pensions…
Law firm Burges Salmon has appointed Jennifer Mellor as a new Edinburgh-based director in its Funds and Financial Regulation team. “Jennifer joins Burges Salmon from…
Border to Coast Pensions Partnership, one of the UK’s largest asset owner pools, has appointed Edinburgh investment giant Abrdn “to support the launch and portfolio…