Brodies profit up to £46m as revenue tops £98m
UK and Scottish law firm Brodies LLP said it has reported a twelfth consecutive year of growth for the 12 months to April 30, 2022. The…
UK and Scottish law firm Brodies LLP said it has reported a twelfth consecutive year of growth for the 12 months to April 30, 2022. The…
The Scottish Government announced that “transformative changes” are being proposed to the way Scotland’s land is used and managed “in order to ensure greater benefit…
The £440 million Aberdeen New India Investment Trust has reported a net asset value (NAV) total return of +11.2% and share price total return of…
The £1 billion Abrdn Private Equity Opportunities Trust plc (APEO) has reported NAV total return of 6.8% for the six months to March 31, 2022,…
Scotland’s economic growth forecast for 2023 has been revised down due to the impacts of cost increases on consumers and businesses — and the likelihood…
Virgin Money UK plc announced a share buyback programme, with an initial repurchase of up to £75 million of its shares listed on the London…
Perth-based transport giant Stagecoach, now owned by German asset manager DWS, said its revenue grew to £1.176 billion from £928.2 million in the year to April…
Investment trust dividends rose 15.4% to a record £5.5 billion in the 12 months to the end of March 2022, according to the latest Investment…
Scotland’s First Minister Nicola Sturgeon announced on Tuesday that the Scottish Parliament will publish an independence referendum bill with a planned date for the vote…
Kintore, Aberdeenshire-based Pipeline Technique (PTL) has agreed to acquire the oil and gas division of Stanley Black & Decker, the international pipeline services and equipment company which…
Managers of Abrdn funds around the world have given their views on markets amid the volatility and index declines of 2022 as high inflation, rising interest…
Siemens Gamesa said it has been awarded the firm order for the delivery of 60 units of its SG 14-222 DD offshore wind turbine at…
Scottish Rugby has announced that chief executive Mark Dodson will continue in his role through to the summer of 2025. “The board of Scottish Rugby…
Offshore Energies UK (OEUK) on Thursday warned UK finance minister Rishi Sunak that his new energy profit levy risked undermining attempts to attract capital investment…
By Mark McSherry The Scotch Whisky Association (SWA) announced it has successfully registered “Scotch Whisky” as a certification trademark in the United States — the…
The Scottish Salmon Company (SSC) has announced it will rename its operations in Scotland as Bakkafrost Scotland. The Scottish Salmon Company, which currently employs 600…
Elgin-based affordable housebuilder Springfield Properties, said on Wednesday it agreed to acquire the Scottish housebuilding business of Mactaggart & Mickel Group Ltd. The total consideration…
The British Business Bank’s Small Business Equity Tracker reveals that equity investment in Scotland’s smaller businesses reached record levels in 2021, with Edinburgh named as…
Aberdeen-based global engineering and consulting giant John Wood Group has announced the appointment of chief operating officer Ken Gilmartin as the firm’s chief executive officer…
Baillie Gifford’s £2.6 billion Monks Investment Trust plc said its net asset value (NAV) total return was -18.9% compared to a total return of +6.1% for the…
Glasgow-based Smart Metering Systems plc announced two strategic investments, accelerating the group’s capabilities in the electric vehicle (EV) charging infrastructure asset class and further expanding its…
The Scottish investment sector is paying between 15% and 20% more in “retention salaries” just to keep hold of staff working in specialist finance and…
The Scottish Tourism Alliance (STA) has revealed that summer and forward bookings are down significantly and that almost 40% of businesses have reported a decrease…
An “visionary” bid for a Forth Green Freeport for Scotland which “will re-industrialise the nation and create large scale economic development” has been submitted by…
The UK’s central bank raised interest rates for a fifth straight meeting on Thursday and sent a strong message it is prepared to make larger…
The Scottish Government plans to hold a second independence referendum in October 2023, according to Constitution Secretary Angus Robertson. Robertson told BBC Radio Scotland’s Good…
First Minister Nicola Sturgeon on Tuesday set out the “fresh case” for Scotland to become an independent country as she declared “It’s time” and published…
Aberdeen-based bus and rail giant FirstGroup said on Tuesday it signed an extension of its contract to operate Great Western Railway (GWR) — as it announced…
More parts of Scotland have reached “Alert” level for water scarcity in the latest report from the Scottish Environment Protection Agency (SEPA). The agency said…
The £300 million Baillie Gifford UK Growth Trust said its net asset value per share (NAV) total return was negative 16% in the year to April…
UK finance minister Rishi Sunak has been accused of losing £11 billion of taxpayers’ money by paying too much interest servicing the government’s debt. The…
A multi-billion pound bid for an ambitious air, sea and rail economic zone on the River Clyde — supported by a large public private partnership…
Aberdeen-based bus and rail giant FirstGroup said on Thursday its board has unanimously rejected a £1.23 billion cash and shares takeover approach from US private…
Trade association Energy UK has warned of the impact a windfall tax could have on the UK’s long-term energy plans “by increasing costs to customers…
The cost of turning off wind farms in the UK has reached record levels, according to a new report. The report found that over the…
Shares of Thurso-based battery cell developer AMTE Power rose as much as 17% on Tuesday after it announced it signed a memorandum of understanding (MoU)…
UK Prime Minister Boris Johnson has narrowly survived a vote of no confidence, but 148 of 359 UK Conservative MPs — about 41.2% — voted…
Leeds-based JMG Group said it has acquired Scotland’s largest independent insurance broker GS Group, subject to FCA approval. The deal represents JMG Group’s second acquisition…
Deloitte announced the appointment of Angela Mitchell as its senior partner for Scotland, the first woman to hold the position. Mitchell has been office senior partner…
Baillie Gifford’s £1 billion Edinburgh Worldwide Investment Trust said its net asset value per share fell 34.1% in the six months to April 30, 2022, as the stocks favoured…
The biggest shareholder of Aberdeen-based bus and rail giant FirstGroup has urged it to reject the recent £1.2 billion takeover approach from private equity group…
The Scottish Government said on Friday that offshore work to connect thousands of island homes and businesses to faster and more reliable broadband services has…
Scottish Mortgage Investment Trust once again retained its title as the most-popular investment trust among Interactive Investor customers in May, despite the fund’s high-flying share price…
UK regulators have approved Shell’s revised plan to develop the giant Jackdaw gas field 250 kilometres east of Aberdeen as the Westminster government seeks to boost domestic…
The CEO of German asset manager DWS, which recently agreed a deal to buy Perth-based transport giant Stagecoach, has decided to resign after raids by prosecutors…
Intel announced it has signed an agreement to acquire Edinburgh-based Codeplay Software, which it called “a global leader in cross-architecture open standards-based developer technologies.” Subject…
Abrdn said its European Balanced Property Fund is making a number of acquisitions in the logistics, hotels and senior living sectors for a total of…
The boards of Edinburgh-based Capricorn Energy and London-based Tullow Oil have agreed to merge the companies in an all-share transaction. Tullow said the proposed deal is a…
Aberdeen-based global engineering and consulting giant John Wood Group said it agreed to sell its Built Environment Consulting business to Canada’s WSP Global Inc. for…
The Scottish Government has published what it called an “ambitious but realistic” public spending framework which it said outlines “how more than £180 billion will…
Scotland recorded a 14% increase in Foreign Direct Investment (FDI) projects in 2021, according to Ernst & Young’s (EY) latest Annual Attractiveness Survey. This compared…
Edinburgh-based investment giant Abrdn has completed its £1.49 billion cash acquisition of Manchester-based Interactive Investor (ii), the UK’s second largest investment platform for private investors. Abrdn said…
The Scottish Government’s Resource Spending Review on May 31 will have to “either take the axe to certain areas of spending, signal higher levels of taxation…
Edinburgh-based Menzies Aviation, the global aviation logistics specialist, announced it has renewed a ground services contract with Air Canada at Heathrow Airport (LHR) and won…
Perth-based transport firm Stagecoach said its subsidiary Stagecoach Bus Holdings Limited agreed to acquire Kelsian Group’s east London bus operations and depot at Lea Interchange…
New research commissioned by Co-operative Development Scotland (CDS), part of Scottish Enterprise, has given the clearest picture yet of Scotland’s employee-owned businesses (EOBs) and their…
The UK government on Thursday announced a 25% windfall tax on oil and gas producers’ profits –alongside a £15 billion package of support for UK…
Aberdeen-based bus and rail giant FirstGroup plc announced it has received a series of unsolicited, conditional proposals from private equity group I Squared Capital Advisors (UK)…
Professor Graeme Roy has been appointed the new chair of the Scottish Fiscal Commission, Scotland’s official independent economic and fiscal forecaster. Following a vote in…
Edinburgh investment giant Abrdn is “on the lookout for the right signs” to increase its exposure to bonds amid the soaring inflation that is “upending traditional…
UK government borrowing was £144.6 billion in the financial year ending (FYE) March 2022, revised down by £7.2 billion from last month’s first provisional estimate, but remaining…
The General Assembly of the Church of Scotland on Monday overwhelmingly approved a Declaration of Friendship with the Catholic Church in Scotland. The Moderator put…
Glasgow-based DeepMatter Group plc, the AIM-listed digital chemistry data and software company, said it will appoint former IP Group CEO Alan Aubrey as its non-executive chairman…
Wealth fund managers who align investment strategies to green and sustainable stocks have become “highly prized recruits” in a restricted Scottish employment market, according to…
Edinburgh-based Stamp Free Limited, the digital postage company, said it raised £600,000 in an oversubscribed funding round as the business makes progress towards the commercial…
German asset manager DWS — a standalone unit of Deutsche Bank — said on Friday it has won control of Perth-based transport giant Stagecoach as…
By Mark McSherry US House of Representatives Speaker Nancy Pelosi has warned the UK government there could be no US-UK trade deal if the UK…
Edinburgh-based Securities Trust of Scotland, the £250 million global fund, reported that its net asset value total return for the year to March 31, 2022, was…
By Mark McSherry Scottish Mortgage Investment Trust has admitted it made a “mistake” in reducing its holdings of western online platform companies rather than their…
The oil and gas industry will pay £7.8 billion in UK taxes this year, and will likely pay another £4.8 billion in 2023-24, Offshore Energies…