Savings and investments firm M&G plc announced the appointment of two US-based thematic equity investment managers to develop the firm’s equity investment and research capabilities…

UK pension schemes’ funding positions improved by £400 billion over the year to December 20, 2022, equating to around 20% on a long-term target basis,…

The latest Fund Flow Index (FFI) report from global funds network Calastone revealed a “bad year for passive equity funds” as index funds fared worse…

The British Business Bank is inviting proposals from fund managers to operate the new £150 million Investment Fund for Scotland. The bank said it expects…

BlackRock and M&G are suspending redemptions from UK property funds managing around £8 billion of assets as some investors seek to exit the UK real estate market….

Small and micro-cap listed companies are increasingly re-assessing whether the listed market is the right venue to grow, according to a new report on mergers…

Wealth management firm Quilter plc announced “with great sadness” the death of its commercial and propositions director David Tiller at the age of 56. Tiller…

Veteran Scottish fund manager Martin Gilbert has predicted that 2023 “will prove to be the beginning of a renaissance” for active fund managers. Gilbert said…

A total of nine clubs in Scotland (12.5%) are showing signs of financial distress, three more than in March 2022 and one more than in…

Brexit has damaged the ability of UK companies to compete in the European Union, according to a survey from the British Chambers of Commerce (BCC)….

Shares of Scotgold Resources Limited, the Australia-based gold exploration firm that owns the Cononish Gold and Silver Mine near Tyndrum, fell about 9% on Wednesday after…

Bank of Scotland has revealed Scotland’s 25 most expensive streets, with Ann Street in the Stockbridge area of central Edinburgh taking the top spot. The…

Scottish employers are increasingly taking on graduate apprentices to secure new talent, according to the latest annual progress report for graduate apprenticeships, published by Skills…

Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), said the society has signed a new partnership agreement in Malaysia, by…

The UK’s Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have fined TSB Bank plc a total of £48.6 million for operational risk…

Glasgow-based DeepMatter Group plc, the AIM-listed digital chemistry data and software company, announced on Monday that its shareholders have approved its plan to to leave…

Edinburgh-based Capricorn Energy announced that its third-biggest shareholder Palliser Capital has called for a general meeting of the firm to set a vote on removing seven Capricorn…

Aberdeen-based transport giant FirstGroup plc announced it has completed the sale of all but two of its remaining Greyhound US properties to an affiliate of Twenty Lake…

NatWest Group plc announced that Stuart Lewis will be appointed as an independent non-executive director and member of its group board risk committee on April…

The Scottish Government said it plans to make changes to a number of devolved taxes to “raise additional revenue to support Scotland’s NHS and other…

The UK central bank, the Bank of England, raised its key interest rate to 3.5% from 3% on Thursday, its ninth rate rise in a row….

Giant trade association Offshore Energies UK (OEUK) has appointed David Whitehouse as its new chief executive, starting on January 1, 2023. OEUK represents 400 companies involved in producing…

The Scottish Funding Council (SFC) announced the injection of an additional £24.6 million of funding to Scotland’s universities “to protect the nation’s research base and…

Edinburgh-based ready meals firm Parsley Box Group plc said its shareholders have approved its proposal to cancel its ordinary shares trading on the AIM stock market…

Edinburgh clinical-stage specialty pharmaceutical company Fitabeo Therapeutics has spun-out from the University of Strathclyde and said it plans “to address some of society’s most pressing…

UK inflation fell more sharply than expected in November after hitting a 41-year high high in October. The annual rate of consumer price inflation (CPI)…

A new report from Barclays Corporate Banking reveals that goods with a total value of almost £3.5 billion are stuck in Scottish manufacturers’ warehouses awaiting completion…

The latest labour market statistics from the UK’s Office for National Statistics (ONS) showed that Scotland’s estimated employment rate rose over the August to October 2022 quarter…

Microsoft is to take a 4% equity stake in London Stock Exchange Group (LSEG) as part of a 10-year commercial deal to migrate the exchange operator’s data…

By Mark McSherry — Former Baillie Gifford fund manager James Anderson has made a gift of $100 million to Johns Hopkins University’s School of Advanced International…

ITV on Thursday announced an “enhanced strategic partnership” with STV, extending content sharing and advertising arrangements between the two television broadcasters. STV’s streaming service, STV…

Glasgow-based global intellectual property law firm Murgitroyd Group announce the acquisition of specialist UK-based IP firm Turnbull Lynch Intellectual Property (TLIP). Its fourth acquisition inside two years, the…

Aberdeen-based mechanical engineering group EnerMech announced it has acquired Stork Australia and New Zealand for an undisclosed sum as part of its strategic plan “to add…

Defined Benefit (DB) pension scheme members in the UK could benefit from a 5% uplift in their pension benefit if the corporate sponsor defers buy-out…

Perth-based transport giant Stagecoach, now owned by German asset manager DWS, said its revenue rose almost 16% to £669.6 million and adjusted profit before taxation rose…

By Mark McSherry — Baillie Gifford’s £2.3 billion Monks Investment Trust plc said it made a loss on investments of £164.1 million in a “disappointing” six months…

By Mark McSherry — Abrdn announced it has provided £98 million of private placement debt to EnBW, one of the largest utility companies in Germany and…

Aberdeen-based North Star said it has secured a £140 million financing package to support the next phase of its offshore wind growth plan as it looks…

Arizona-based Mangata Networks, a satellite-enabled cloud services company, announced it has chosen Scotland as the location for its research and development activities as well as…

By Mark McSherry — Phoenix Group Holdings plc announced on Tuesday that it expects to deliver £1.2 billion of incremental new business long-term cash generation in…

Glasgow-based cloud computing firm Iomart Group said on Tuesday it expects revenues for the year ending March 31, 2023, will be ahead of the firm’s…

The £453 million Aberdeen New India Investment Trust said its net asset value increased 5.9%, in total return terms, in the “turbulent” six months to September 30,…

A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers, announced the acquisition of Leeds-based Boost Drinks, an established branded drinks business,…

By Mark McSherry — Abrdn and the John Lewis Partnership have announced a joint venture to build 1,000 new homes in three build-to-rent schemes in London…

The Scottish Government spent £49.2 billion against a budget of £51.2 billion in 2021-22. “The total outturn underspend of £1,988 million does not represent a…

Thurso-based battery cell developer AMTE Power plc has reported a loss after tax of £5.8 million for the year to June 30, 2022, which it…

FTSE Russell has confirmed that Edinburgh-based investment giant Abrdn and Glasgow-based global engineering and mining group Weir Group, two of Scotland’s biggest companies,  will return…

By Mark McSherry — The £275 million Baillie Gifford UK Growth Trust plc reported that its net asset value (NAV) total return per share declined by 10.9%…

By Mark McSherry — Crown Estate Scotland’s 2021-22 annual report shows that the value of the Scottish Crown Estate has risen about 25% to £568.2 million. The report…

Shares of Aberdeen-based global engineering and consulting giant John Wood Group fell as much as 12% on Tuesday as it held a capital markets day…

The UK’s Financial Conduct Authority (FCA) said it has published final rules for a redress scheme for former members of the British Steel Pension Scheme…

Edinburgh-based Circularity Capital announced it has continued to build its portfolio of European growth-stage businesses accelerating the circular economy with a £10 million investment in Advanced…

The UK Supreme Court has ruled that the Scottish government cannot hold a second referendum on independence without approval from the UK parliament. The judgment was…

Equity investment levels in Scotland’s smaller businesses continued to rise during the first half of 2022, according to new research published as part of the…

The £370 million Baillie Gifford European Growth Trust announced its net asset value per share (NAV) total return was -40.4% for the year to September 30,…

By Mark McSherry — Souter Investments, the private equity focussed family investment office of Stagecoach founder Brian Souter, has announced continued strong performance and growth in…

Edinburgh-based ready meals firm Parsley Box Group plc has proposed the cancellation of its ordinary shares trading on the AIM stock market and the re-registration of the…

UK finance minister Jeremy Hunt on Thursday announced a number of tax increases and proposed tighter public spending in his £55 billion Autumn budget plan….

Heart of Midlothian Football Club announced that it has returned to “pre-pandemic levels of financial strength” as it posted an operational profit of £3 million…

Offshore Energies UK (OEUK) has warned that oil and gas companies risk being “driven out” of investing in UK waters if UK finance minister Jeremy…

A new economic impact assessment by Biggar Economics showed the activities of the University of Dundee supported £1.6 billion Gross Value Added  (GVA) and 16,070…

Abrdn CEO Stephen Bird has responded to allegations that he has an aggressive management style. “What you see is what you get from me,” said Bird…

By Mark McSherry — The half-year report from the £14 billion Scottish Mortgage Investment Trust plc is another sobering read from the giant closed-end fund which…

Scottish Mortgage Investment Trust, Baillie Gifford’s flagship fund, on Friday reported its net asset value per share (NAV) fell almost 18%, with borrowings at book value, for…

By Mark McSherry — Edinburgh-based investment giant Abrdn has led a $28.5 million Series A funding round into Archax, the UK’s first regulated digital securities exchange….

Shares of Aberdeen-based transport giant FirstGroup fell about 9% after it reported its statutory pretax profit plunged to £8.7 million from £516.5 million in the six…

Renfrewshire-based Scottish Leather Group is embarking on a recruitment campaign to help it fulfil its new pipeline of orders from clients including Aston Martin, Jaguar…

KPMG’s latest Venture Pulse Survey showed that investments in fast-growth Scottish businesses cooled over the summer. Scotland’s scale up firms attracted £117 million of venture…

Private equity and venture capital firms invested £895 million into businesses in Scotland in 2021, according to a new report produced by the British Private Equity…

The Bank of England, the UK’s central bank, raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989. However, the…