Standard Life, part of Phoenix Group, said it has concluded a £200 million Bulk Purchase Annuity (BPA) transaction with the Agfa UK Group Pension Plan,…

Orbex, the Scottish rocket manufacturer and orbital launch services provider, said it will build and operate the first vertical launch site for satellites on the…

PA Media Group announced it has acquired Hydrogen, a Glasgow-based social media agency. PA Media Group said Hydrogen has worked with clients across publishing, utilities,…

Asset manager Fidelity International said it strengthened its Solutions & Multi Asset Team with the appointment of Julie-Ann Ashcroft as Portfolio Manager, Multi Asset. Ashcroft…

By Mark McSherry — New Jersey-based Verisk announced the sale of Wood Mackenzie, the Edinburgh-based consultancy for the energy, chemicals, metals and mining industries, to New York private equity…

The UK Treasury has taken £8 billion in tax from the North Sea in just nine months, according to new research by Aberdeen & Grampian…

Shares of NatWest Group fell as much as 9% on Friday after the bank, formerly known as RBS, warned of rising costs and as its third-quarter results…

Shares of Edinburgh-based Frontier IP, a specialist in commercialising intellectual property, rose about 8% after it published results for the year ended June 30, 2022,…

Glasgow-based DeepMatter Group plc, the AIM-listed digital chemistry data and software company, announced that it signed a multiyear database license agreement with Merck. DeepMatter said the…

Aberdeen-based bus and rail giant FirstGroup plc announced it will be entitled to an earnout consideration of around $85 million as EQT Infrastructure has agreed…

HSBC Holdings plc sprung a major surprise on financial markets by announcing the departure of its chief financial officer Ewen Stevenson, the former RBS CFO….

FirstGroup announced that its 100% electric rail operator Lumo has achieved two major milestones in its first year — as it attracted one million passengers…

Shares of Edinburgh-based ready meals firm Parsley Box Group plc fell about 60% on Tuesday afternoon after it announced it is considering “whether the company’s status as a publicly…

By Mark McSherry Rishi Sunak will become the next prime minister of the UK after he won the contest to be the leader of the…

Sterling rallied on Thursday as Liz Truss said she would resign as UK prime minister after 44 days of chaos. The UK pound was up…

NatWest Group plc has announced a “strategic partnership” with the Vodeno Group which will see the creation of a “Banking-as-a-Service” (BaaS) business in the UK….

Glasgow-based Loganair — currently up for sale — announced that it returned to profitability in the financial year to March 31, 2022, as it reported a…

Scottish Water has appointed Alex Plant as its new chief executive, with Plant taking over from Douglas Millican when he steps down from the role on…

Glasgow-based AlbaCo announced it hired former Scottish Financial Enterprise’s CEO Graeme Jones as its chair. Alba is currently working with the FCA and PRA as…

Aberdeen-based North Sea oil and gas producer Ithaca Energy said on Tuesday it is planning an initial public offering (IPO) on the London Stock Exchange. Ithaca…

Forres-based spaceflight company Orbex said it has secured £40.4 million for its Series C funding round, led by new investor the Scottish National Investment Bank with…

First Minister Nicola Sturgeon launched the Scottish Government’s “independence economy prospectus” on Monday. Sturgeon said the paper called “Building a New Scotland: A stronger economy with…

The £530 million Abrdn Asia Focus plc fund reported that its net asset value (NAV) total return declined 2.0% over the 12 months to July 31,…

The British pound and UK government bonds rose on Monday after new finance minister Jeremy Hunt scrapped Prime Minister Liz Truss’s economic plan — reversing…

By Mark McSherry UK prime minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday — and scrapped parts of their economic package that…

Former Schroders fund manager Katherine Davidson has joined Edinburgh-based investment giant Baillie Gifford as an investment manager in its Global Stewardship Strategy. Baillie Gifford said its…

Morningstar has reported that outflows from UK-domiciled funds hit a new record in September as investors withdrew £11.25 billion – the biggest outflow in 10…

Murray Capital Group has reported that its turnover from continued operations for the year to June 30, 2022, rose 11% to £92.8 million “driven primarily by…

Shares of Glasgow-based cloud computing firm Iomart Group fell about 8% on Tuesday after it warned in a trading update that its profit for the…

Abrdn European Logistics Income plc, a fund that invests in modern continental European warehouses, said on Tuesday that Evert Castelein has resigned from Abrdn and…

The Bank of England, the UK’s central bank, announced on Tuesday that it will “widen the scope” of its daily gilt purchase operations to include…

SNP leader Nicola Sturgeon told the party’s conference on Monday that investment of £20 billion would be delivered by a new fund in the first…

Glasgow-based fashion firm Quiz plc said on Monday its revenues rose 37.2% to £49.4 million in the six months to September 30, 2022, marginally ahead…

Beeks Financial Cloud Group plc, the Glasgow-based connectivity provider for financial markets, announced the signing of “two multi-year private cloud contracts with global asset management…

Edinburgh-based investment giant Abrdn has joined the governing council of distributed ledger technology (DLT) firm Hedera, becoming the first buy-side finance and asset management company…

The UK’s Department for Transport (DfT) said on Friday it has placed FirstGroup’s Avanti West Coast on a short-term contract and challenged it “to deliver…

Shares of Thurso-based battery cell developer AMTE Power plc rose about 12% on Thursday after it announced it signed a contract to manufacture its Ultra High…

Edinburgh’s Filmhouse Cinema and Café Bar, the Edinburgh International Film Festival and the Belmont Filmhouse in Aberdeen will all cease trading with immediate effect. The…

Scotland’s economy is likely to contract in the second half of 2022, according to the Fraser of Allander Institute’s quarterly Economic Commentary. In the Deloitte-sponsored commentary,…

Active loans and investments at responsible finance provider Social Investment Scotland (SIS) reached more than £41 million across 201 social enterprises, community organisations and impact-led…

By Mark McSherry — The £200 million Baillie Gifford China Growth Trust plc said “the risk of a Lehman’s style moment in China is very low” as…

Weir Group, the Glasgow-based global engineering and mining giant, announced that it has hired Maersk Container Industry CEO Sean Fitzgerald as president of Weir’s ESCO Division….

By Mark McSherry — The Scottish National Investment Bank published its first full year accounts on Tuesday and said it has made “clear progress” in its…

UK finance minister Kwasi Kwarteng has scrapped his plan to cut taxes for high earners following the brutal backlash from global financial markets. “We get…

Wood Mackenzie, the Edinburgh-based consultancy for the energy, chemicals, metals and mining industries, could soon be sold by its New Jersey owner for up to £2.5 billion….

Alliance Trust plc, the £3.2 billion Dundee investment trust company which uses external fund managers Willis Towers Watson (WTW), announced that Vicky Hastings and Milyae Park have…

By Mark McSherry — The UK central bank announced on Wednesday morning it will “carry out temporary purchases of long-dated UK government bonds from 28 September”…

Aberdeen-based global engineering and consulting giant John Wood Group said it has been awarded a multi-region engineering services contract by BP “to support efficient and…

By Mark McSherry — Grant Thornton’s Scotland Limited report for 2022 shows that Scotland’s top 100 private limited companies make aggregate turnover of £28 billion, employ 132,000…

Elgin-based Springfield Group, which is building a number of new communities throughout Scotland, announced it will gift its own National Insurance savings to its 898…

Weir Group, the Glasgow-based global engineering and mining giant, announced a new alliance with Swiss Tower Mills Minerals AG (STM) in which Weir will market…

Attempts by the UK central bank and Treasury on Monday to steady the pound failed to reassure markets — as sterling fell to record lows and…

The rising cost of living has caused bills in the average Scottish household to rise by £167 per month during 2022, according to new research…

By Mark McSherry — Consumer products giant Unilever announced that its Scottish CEO Alan Jope has informed the board of his intention to retire from the…

Almost half of Scottish workers are spending at least one day a week working at home, new figures have revealed. In a UK government survey…

Student startup firms from the University of Edinburgh have secured over £30 million in combined investment over the last year, nearly three times the amount…

Jim Higgins, Tax Director at Deloitte in Scotland: “A number of the UK Chancellor’s changes announced today will not automatically apply to Scotland. “Earlier this…

The UK pound hit a new 37-year low against the US dollar and UK government bonds sold off sharply on Friday as markets prepared for…

Scottish Rugby has published its Financial Statements 2021-22 ahead of the second part of the organisation’s AGM on September 28, 2022. Scottish Rugby said its…

The UK’s central bank raised its key interest rate to 2.25% from 1.75% on Thursday and said it will continue to “respond forcefully, as necessary” to…

Abrdn’s £1 billion Murray Income Trust has increase its dividends per share 4.3% to 36p despite its net asset value (NAV) falling 4% in the year ended June…

Evelyn Partners, the wealth management and professional services group created from the merger of Tilney and Smith & Williamson, has agreed terms for new landmark…

Glasgow-based Virgin Money announced the appointment of Sarah Wilkinson as chief operating officer. Wilkinson will join Virgin Money from Thomson Reuters, where she is the…

By Mark McSherry Aberdeen-based bus and rail giant FirstGroup plc announced the sale by its subsidiary FirstGroup Services, Inc. of all but two of its remaining Greyhound…

Edinburgh investment giant Abrdn is considering a plan to return up to £500 million to shareholders to placate investors following its relegation from the FTSE…

The British pound fell on Friday to a fresh 37-year low on the US dollar — and a 17-month low on the euro — as…

New York-based Stellex Capital Management, a mid-market private equity firm, announced that former Abrdn global head of private equity Mark Redman has joined its senior…

Glasgow-based Smart Metering Systems plc (SMS) announced its revenue rose 21% to £62.7 million in the six months ended June 30, 2022, and profit before…

Edinburgh-based investment giant Abrdn announced it sold another chunk of its shareholding in HDFC Life Insurance Company in India. It said its Abrdn (Mauritius Holdings) 2006 Limited…

Purchases of investment trusts on adviser platforms for first half of 2022 hit £700 million, the highest ever for a six-month period, according to data…