Exscientia, Dundee Spin Out, raises $304m in IPO

Edinburgh-based Frontier IP, a specialist in commercialising university intellectual property, said on Friday its portfolio company Exscientia plc has announced the pricing of its initial public…


Scottish Mortgage hires Prudential CFO FitzPatrick

Baillie Gifford’s high-flying flagship fund, the £20 billion Scottish Mortgage Investment Trust plc, announced the appointment of Prudential plc chief financial officer Mark FitzPatrick as a non-executive director….







Virgin Money to cut 31 branches and 112 jobs

Glasgow-headquartered Virgin Money has announced plans to close another 31 branches, including 12 in Scotland, as it “accelerate its digital strategy, enabling greater efficiency.” When…








SSE Renewables in $208m Japan offshore deal

Perth-based SSE Renewables announced it has signed an agreement with Pacifico Energy, one of Japan’s largest developers of renewable energy, to create a joint ownership…





South Lanarkshire wind farm sold for £121m

Greencoat UK Wind plc has agreed to acquire Andershaw wind farm in South Lanarkshire from Statkraft UK Limited for £121 million. “Andershaw is a 35MW wind farm located two miles…


SSE ScotWind plan pledges £15bn for economy

SSE Renewables, Japanese conglomerate Marubeni Corporation (Marubeni) and Danish fund management company Copenhagen Infrastructure Partners (CIP) said up to £15 billion would be added to…



Scotgold converts director loans into shares

Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, announced it has converted loans from four directors into shares in the company. On September 1,…






Cairn Energy completes $463m Egypt acquisition

Edinburgh-based Cairn Energy and consortium partner Cheiron Petroleum Corporation announced the completion of the acquisition of a portfolio of upstream oil and gas production, development and…








SSE Renewables appoints Stephen Wheeler MD

Perth-based renewable power and networks giant SSE announced on Tuesday that Stephen Wheeler is to be appointed as managing director, SSE Renewables, following Jim Smith’s…












Scottish angel investment set for record year

New figures from LINC Scotland, the national angel capital association, indicate that investment levels from Scotland’s business angel community into promising young companies are in line…





Student Loans Co moves to new Glasgow HQ

The UK’s Glasgow-based Student Loans Company (SLC) has announced the agreement of a 20-year lease with Drum Property Group for a new purpose-built HQ office…




Scots second quarter GDP up 21.7% on 2020

Scotland’s Chief Statistician has released statistics showing that onshore Scottish gross domestic product (GDP) rose 4.7% during the April to June quarter of 2021. Over the…


Gilbert’s AssetCo hires ex-abrdn exec as CEO

Martin Gilbert’s fast-growing investment firm AssetCo plc has announced that former Standard Life Aberdeen executive Campbell Fleming will join its board of directors and take…




Exscientia, Dundee spin out, files for $100m IPO

Edinburgh-based Frontier IP, a specialist in commercialising university intellectual property, announced that its portfolio company Exscientia Limited has filed a registration statement with the US…


abrdn has highest % of women fund managers

Edinburgh investment management giant abrdn has the highest percentage of women as fund managers amongst major global asset management companies with 100 managers or more….


Ex-abrdn platforms boss Tiller joins Quilter

Wealth management firm Quilter plc announced the appointment of David Tiller as its commercial and propositions director as it continues the development and growth of…