By Mark McSherry UK IPO proceeds in the first quarter of 2023 were 80% lower than the equivalent period in 2022, and 99% lower than…

Shares of Glasgow-based cloud computing firm Iomart Group rose as much as 4% after it published a trading statement for the year ended March 31, 2023,…

The Association of Investment Companies (AIC) announced that the amount of money raised by venture capital trusts (VCTs) in the 2022-23 tax year passed the £1…

Former Abrdn long-time executive Piers Currie, who went on to be a founder of specialist consultancy Warhorse Partners, has died. At the then Aberdeen Standard Investments, Currie’s…

The UK economy remains on course to suffer the sharpest contraction among the world’s advanced economies this year, the International Monetary Fund said on Tuesday,…

Glasgow-based agritech firm Solasta Bio has secured a further round of investment totalling £4 million to scale up the development of its nature-inspired pesticides. Solasta…

The Confederation of British Industry (CBI) said on Tuesday it has dismissed Tony Danker as director-general after an investigation into complaints of workplace misconduct —…

Investors withdrew a net £747 million out of their UK-focused equity funds in March, down from an average monthly outflow of £888 million between November…

The Scottish National Investment Bank said it has invested a further £20 million to help connect 100,000 rural homes to ultrafast fibre broadband. Lothian Broadband…

Martin Currie, the global active equity specialist headquartered in Edinburgh that is part of the Franklin Templeton group, has bolstered its distribution team with the…

XPS Pensions Group has estimated that the aggregate surpluses of UK pension schemes more than halved over March to £25 billion. XPS, the pensions actuarial,…

Start Up Loans, part of the British Business Bank, has announced that DSL Business Finance will be the Scottish Business Support Partner (BSP) for the…

Royal London, the UK’s largest life, pensions, and investment mutual, has agreed to acquire the individual protection line of business of Aegon UK, subject to court…

Investment trust Greencoat UK Wind plc (UKW) said it has agreed to acquire Dalquhandy wind farm near Coalburn in South Lanarkshire from Germany-based renewable energy company BayWa…

Stirling-based construction, development, infrastructure and support services firm Robertson Group said its revenue rose almost 5% to £616 million while profit before tax increased 21.3% to £20.5…

The chief executive of Scottish Financial Enterprise (SFE) — the representative body for Scotland’s huge financial services industry — said SFE’s strategic ambition is for Scotland to…

Real estate data analytics platform Utopi said it will create 50 new jobs after securing £5 million of funding from the Scottish National Investment Bank. The…

BrewDog co-founder James Watt announced he is putting up £5 million of his own money to launch a competition to find the next “unicorn” company….

The Scottish economy should see a return to calendar year growth in 2024 with Gross Value Added (GVA) rising by 1.6%, helped by a 2.3%…

Scottish Widows announced the launch of a new Global Environmental Solutions Fund it said will be “focused on directing pension investment into companies that provide…

The £63 million Abrdn Smaller Companies Income Trust plc — which recently announced a strategic review to include “consideration of a combination of the company’s assets…

Edinburgh investment giant Abrdn has announced it will ask shareholders for permission to increase the amount of shares it can buy back from 10% of its…

Shares of A.G. Barr fell as much as 4% on Tuesday after the firm said adjusted profit before tax rose 13.3% to £43.5 million in year…

The chief executive of Scottish Financial Enterprise (SFE) — the representative body for Scotland’s huge financial services industry — has said the relationship between the Scottish Government and…

The chief executive of John Wood Group, the Aberdeen-based global engineering and consulting giant, admitted in the firm’s 2022 results announcement on Tuesday that “… we…

Humza Yousaf has won the fight to succeed Nicola Sturgeon as leader of the pro-independence Scottish National Party. Yousaf won the leadership election with 52.1%…

Shares of Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, fell almost 70% on Monday after it said it is “in…

Amar Bhidé, the director who said he was removed by a vote of the board at the £13.4 billion Scottish Mortgage Investment Trust, has revealed he…

The UK central bank raised its benchmark lending rate on Thursday by a quarter point to 4.25%, the highest since 2008, and left the door…

Professional Independent Wealth Advice (PIWA), a new advisory firm formed by ex-Abrdn advice director Neil Messenger, is to join the Sandringham Financial Partners network, part…

Baillie Gifford’s £630 million Shin Nippon investment trust has reported that its net asset value (NAV) per share declined by 1.2% and its share price fell 8.9%…

Scottish Mortgage Investment Trust, Baillie Gifford’s flagship fund, on Tuesday announced big changes to its board following claims last week by one departing director, Amar…

Hymans Robertson, the pensions and financial services consultancy, announced that Jon Hatchett has been appointed to lead the firm from April 1 as he steps…

Phoenix Group, owner of Standard Life, said it has provided a £210 million investment to City Property Glasgow, a wholly owned subsidiary of Glasgow City…

Aberdeen-headquartered transport firm FirstGroup plc said it has agreed with the UK Department for Transport (DfT) to extend the current arrangements for the West Coast…

Edinburgh-based Level E Research announced that M&G plc has invested a minority stake in its latest seed funding round and that it is partnering with…

A director of Scottish Mortgage Investment Trust, Baillie Gifford’s flagship fund, has told Scottish Financial Review he was “removed” from the board of the £13.4…

Abrdn’s Pan European Residential Property Fund (aPER) has completed the purchase of Roselawn, a multifamily/build-to-rent scheme in the South Dublin suburb of Blackrock, for €70 million….

The UK Debt Management Office (DMO) said it is planning to sell £241 billion of gilts in the current financial year — more than the £233 billion…

British finance minister Jeremy Hunt set out his budget on Wednesday in an effort to pull the UK economy out of its run of stagnant…

The Scotch Whisky Association (SWA) has slammed the decision by the UK Chancellor to raise duty on Scotch Whisky by 10.1% in one of the…

The board of Abrdn Latin American Income Fund Limited announced that proposals will be put forward for the company to be placed into “summary winding…

The 2021-22 audit of Ferguson Marine Port Glasgow (Holdings) Limited has highlighted “doubts over ferries’ costs, the future of Ferguson Marine shipyard and unacceptable bonus…

John Wood Group, the Aberdeen-based global engineering and consulting giant, announced on Tuesday it has completed the sale of its offshore labour supply operations in…

Glasgow-based Smart Metering Systems plc (SMS) reported that its 2022 revenue rose 25% to £135.5 million and underlying profit before taxation was up 34% to…

By Mark McSherry Global financial shares lost about $465 billion in stock market value in two days as investors cut exposure to lenders following Silicon…

A Survation poll carried out for the Scotch Whisky Association (SWA) shows that a third of voters are less likely to support the Conservatives if…

As HSBC Holdings plc announced that its UK ring-fenced subsidiary HSBC UK Bank plc will acquire Silicon Valley Bank UK Limited (SVB UK) for £1,…

HSBC Holdings plc announced that its UK ring-fenced subsidiary HSBC UK Bank plc is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1. The…

By Mark McSherry The UK government said on Sunday it is “working at pace on a solution to avoid or minimise damage to some of…

Aberdeen-headquartered transport giant FirstGroup plc said recent First Bus passenger volumes have increased to 83% of 2020 equivalent levels, with commercial and concessionary volumes at…

Edinburgh-based investment giant Abrdn plc announced that, in line with succession planning announced on December 23, 2022, chief financial officer Stephanie Bruce “has agreed with…

Alba, the new Scottish bank dedicated to small and medium sized business lending, said it has been granted a banking licence by the UK Prudential…

Bank of Scotland plc — owned by Lloyds Banking Group — has reported that its 2022 statutory profit before tax fell to £1.137 billion from…

Hawick-based Emtelle Group said it has signed an agreement to build and establish one of the world’s largest factories for the manufacture of fibre optic ducting and…

Investment into Scottish commercial property reached £2.088 billion in 2022, down from £2.2 billion in 2021 following a quiet third and fourth quarter, according to the latest…

Scottish marketing and communications agency BIG Partnership has reported a strong start to 2023 with a raft of new client wins and an expansion of its…

Macfarlane Group, the Glasgow-based packaging, design and distribution firm, announced the acquisition of A.E. Sutton Limited, trading as Suttons Performance Packaging, a specialist protective packaging…

The average selling price of residential property across Edinburgh, Lothians, Fife and the Borders rose 2.2% year-on-year to £277,326 in the December 2022-February 2023 quarter,…

Abrdn’s £1.8 billion Murray International Trust reported that its net asset value (NAV) posted a total return of +8.8% for 2022 compared with a total return for…

Scottish Engineering’s first quarterly report of 2023 has confirmed eight consecutive quarters of order and output growth, a continuous run beaten only once since the…

Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, announced it has has secured outline planning consent to create a sustainable new…

Wealth manager Adam & Company has announced an expanded leadership team with two new roles as it relaunches the 40-year-old brand from new offices on…

NatureScot, Scotland’s nature agency, announced that it is partnering in a private finance investment pilot that could mobilise £2 billion in “landscape scale” restoration of…

The Edinburgh city centre office rental market enjoyed an “extremely strong” fourth quarter of 2022, with take-up amounting to 256,648 square feet in Q4, an…

Shares of Glasgow-based global engineering and mining giant Weir Group rose about 7% on Wednesday after it reported that 2022 revenue rose 28% to £2.472 billion and…

Abrdn plc said it has agreed to sell Abrdn Capital, its discretionary fund management (DFM) business, to Liechtenstein-based private bank LGT for about £140 million….

Beeks Financial Cloud Group plc, the Glasgow-based cloud computing and connectivity provider for financial markets, said its revenues increased 35% to £10.40 million in the…

Edinburgh-based oil and gas firm Capricorn Energy, where shareholders recently ousted the executive leadership and terminated a planned merger, on Monday published an update on…

By Mark McSherry John Wood Group, the Aberdeen-based global engineering and consulting giant, confirmed late on Wednesday afternoon that it has received three unsolicited, preliminary and…