Revolut, the digital banking app, has announced an $800 million series E funding round which it says values the business at $33 billion. Revolut’s chairman…

NatWest Group plc (NWG) said credit rating agency Moody’s Investors Services has upgraded a number of ratings across the group. The banking group said Moody’s upgraded the…

The £677 million Scottish Investment Trust plc (SIT) has warned that making stock market investments based on the influence of a “new generation of self-appointed…

Edinburgh-based asset management giant abrdn on Wednesday outlined a new structure for its investment management team amid the decision by Rod Paris to retire as…

UK equity funds enjoyed record inflows in the second quarter of 2021, according to the latest Fund Flow Index from Calastone. Between April and June,…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Edinburgh-based Standard Life Assurance, said on Tuesday it agreed to sell Ark Life…

Edinburgh-based fixed income investment firm Cameron Hume said on Monday it has been awarded a A$125m ($98m) ESG (environmental, social and governance) focused fixed-income mandate…

Ineos Chemicals Grangemouth, Ineos FPS and Petroineos have signed a Memorandum of Understanding with the Acorn CCS Project to work together to develop Scotland’s first…

The Scottish Government has announced a new 10-year “National Strategy” to drive Scotland’s “economic transformation” as the country recovers from the Coronavirus pandemic. A team of business…

Karen Betts, chief executive of the Scotch Whisky Association (SWA) since May 2017, is leaving her role to become chief executive of the UK’s Food…

Rural property consultancy Galbraith has said the demand for land “for natural capital and rewilding” is boosting the market for Scottish estates, alongside the desire…

The total value of Scotland’s goods exports for the year ending March 2021 fell 22% or £7.1 billion to £25.6 billion compared with the previous…

The UK’s Financial Conduct Authority (FCA) said on Wednesday that a total of £2.2 million was reportedly lost to pension scammers in the first five months…

Perth-based Stagecoach and Aberdeen-based FirstGroup both welcomed the UK Government’s announcement on Tuesday of extended funding to support the recovery of bus services in England. The…

Scottish Water has unveiled details of one of Scotland’s biggest capital investment infrastructure programmes in recent years — with the appointment of a network of…

The UK’s Financial Conduct Authority (FCA) said on Tuesday that a review of 18 fund managers between  July 2020  and  May 2021, covering different business models…

Alliance Trust plc, the £3 billion Dundee investment trust company which uses external fund managers Willis Towers Watson (WTW), said on Tuesday that the final hearing…

The Scottish Chambers of Commerce (SCC) said on Tuesday that businesses in Scotland can see the first shoots of recovery for the first time in…

Ineos Energy announced it has agreed to buy 25 million shares in the forthcoming IPO of HydrogenOne Capital Growth plc, representing 10% of the target…

Edinburgh-based investment giant Standard Life Aberdeen announced on Monday that it has been officially renamed abrdn plc. The company’s stock market ticker was changed from…

The Scottish Government said on Friday that an additional £380 million is being allocated to Health Boards to help with costs arising from the pandemic….

Aberdeen-based John Wood Group plc confirmed on Friday that Amec Foster Wheeler Energy Limited (AFWEL) has entered into a Deferred Prosecution Agreement (DPA) with the…

The funding status of the UK’s 5,300 corporate defined benefit (DB) pension schemes continues to show that schemes are, on average, in a clear surplus…

Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, said on Friday it is aiming for its second shipment of gold concentrate from…

Murray Capital Group has filed accounts for the 18-month period ending June 30, 2020, showing turnover from continued operations of £100.1 million — as ownership of…

Shares of troubled West of Shetland oil and gas explorer Hurricane Energy plc rose almost 30% on Wednesday after it said chairman Steven McTiernan and…

The £8 billion Lothian Pension Fund (LPF) said on Tuesday it paid out £194.3 million in pension benefits to 33,915 beneficiaries in 2020-21 compared to £185.8…

The Registers of Scotland’s Property Market Report 2020-21 shows that the average price of a residential property in Scotland in 2020-21 was £194,100, up 6.7%…

Natwest-RBS has capped the daily amount its customers can send to cryptocurrency exchanges — including the Binance platform — because of concerns over investment scams and…

NatWest Group’s Ulster Bank said on Monday it agreed to sell most of its commercial lending business in the Republic of Ireland to Allied Irish Banks…

Shares of Thurso-based battery cell developer AMTE Power, which went public in March, rose 7% on Thursday as the firm announced it has been selected to…

The UK central bank’s monetary policy committee (MPC) said on Thursday it voted unanimously to maintain its benchmark lending rate at 0.1% and by 8-1…

Renewable energy company Drax Group said it is kickstarting the planning process to build a new underground pumped hydro storage power station that will more…

Expectations for Scotland’s economic growth have been revised up to 5.9% for 2021 and 2.5% for 2022, according to the latest Economic Commentary by the…

Scotland’s onshore GDP grew by 2% in April as the stay at home restriction was lifted and the phased re-opening of consumer-facing services began, according…

The Office for National Statistics (ONS) said on Tuesday the UK Government’s borrowing is estimated to have been £24.3 billion in May 2021 — the second-highest May…

Banco Sabadell is open to selling TSB Bank plc at some point, according to the Spanish bank’s CEO Cesar Gonzalez-Bueno, Reuters reported. The CEO said…

Scottish Enterprise, Scotland’s national economic development agency, has announced the appointment of Adrian Gillespie as its new chief executive, effective September 1. Gillespie joins Scottish Enterprise from…

Scotland is still seen as the second most attractive region in the UK after London for international investment into financial services, according to EY’s latest UK…

Edinburgh-based cloud accounting software firm FreeAgent, acquired by NatWest-RBS in 2018, announced that co-founder Ed Molyneux will step down from his role as CEO this…

The £677 million Scottish Investment Trust plc (SIT), which recently announced it will “undertake a review of the future investment management arrangements of the company,”…

Baillie Gifford fund manager James Anderson said the FTSE 100 “is really a 19th century and not even a 20th century index” and that the…

The Scottish Government said on Monday the Scottish Qualifications Authority (SQA) is to be replaced and schools agency  Education Scotland “substantially reformed” following publication of…

Exports of UK food and drink products to the EU fell 47% in the first quarter of 2021 compared with Q1 2020 as a result…

Baillie Gifford’s £3.3 billion Monks Investment Trust plc said on Friday the fund’s net asset value (NAV) total return was 55.5% for the year to April 30, 2021, compared…

Standard Life Aberdeen (SLA), currently changing its name to Abrdn, has announced the appointment of Tracey Hahn as its Chief People Officer. Hahn will report…

The tech sector accounted for 44% of equity investment in Scotland’s small businesses last year, with £124 million invested in smaller tech companies in Scotland…

Edinburgh-based investment giant Baillie Gifford announced it will re-open its £6.2 billion Diversified Growth Fund to new investors and lower the fund’s annual management fees, with effect…

US clinical research company Q2 Solutions has announced a multi-million pound inward investment at its Livingston campus, creating 156 skilled jobs over the next three years. Supported…

Oil and gas firm EnQuest announced on Friday it signed a new debt facility for $750 million to enable a refinancing and fund the acquisition…

Boutique fund manager Crux Asset Management Ltd has announced the appointment of Baillie Gifford Asia investment specialist Ewan Markson-Brown to lead a Crux expansion into…

Aberdeenshire-based craft brewing giant BrewDog has apologised after allegations were made in an open letter by a group of former employees called “Punks With Purpose”…

Shares of Celtic plc rose about 3% on Thursday after it announced the appointment of former Australian national team head coach Ange Postecoglou as the club’s…

Menzies Distribution announced the acquisition of JBT Distribution, a Bathgate-based logistics and supply chain services business with annual sales of more than £23 million. Private…

The £370 million Baillie Gifford UK Growth Trust is to ask its shareholders at its August 5 AGM for the authority to invest up to 10%…

Former Aberdeen Standard Investments executives Alex Barr and James Witter have launched Bread Street Capital Partners Ltd, a new investment management business specialising in broadening investor…

North Sea focused oil and gas development company Orcadian Energy plc said on Wednesday said it is planning an initial public offering on London’s AIM…

Montreal-based dairy products giant Saputo Inc. said it completed the acquisition of Scottish company Bute Island Foods, which employs around 180 staff and makes vegan…

Investment firm Legal & General said on Friday it has received approval for a £50 million redevelopment of Edinburgh’s former Debenhams store on on Princes…

Debt rating agency Moody’s Investors Service has affirmed Edinburgh-based asset management giant Standard Life Aberdeen plc’s A3 long-term issuer rating, and Baa1(hyb) subordinate (domestic) rating….

Aberdeen-based drilling and engineering contractor KCA Deutag (KCAD) said it has secured a contract award and two contract extensions for platform drilling services in Russia, UK…

The lifting of lockdown restrictions and a positive outlook for manufacturers and oil and gas firms in 2021 “will spark a stronger than previously projected…

The board of The Scottish Investment Trust PLC (SIT) has announced that it will “undertake a review of the future investment management arrangements of the…

Aberdeen-based accountants and business advisors Anderson Anderson & Brown (AAB) and Glasgow-based accountants Hardie Caldwell announced they have merged to accelerate AAB’s plans of becoming a…

The £8 billion Lothian Pension Fund (LPF), the second largest local government pension scheme in Scotland, has announced that David Vallery has been appointed its chief…

Edinburgh-based investment giant Aberdeen Standard Investments (ASI) and DEAS Group, the asset and property management group in Denmark, said on Monday they completed the €2.5 billion…

The £1 billion Baillie Gifford US Growth Trust plc announced the appointment of leading Scottish tech and media entrepreneur Chris van der Kuyl and Google…

New analysis from the British Business Bank reveals that smaller businesses in Scotland raised equity finance more than any other part of the UK outside…

By Mark McSherry Aberdeen-based bus and rail giant FirstGroup plc said on Thursday the resolution to approve the £3.3 billion sale of its North American businesses First Student…

Leicester-based asset management firm Mattioli Woods announced the proposed acquisition of Glasgow-based private equity and alternative asset manager Maven Capital Partners for up to £100 million and…