Brexit: salmon exports fall 98%; whisky down 63%
UPDATE 3 — The UK’s Food and Drink Federation (FDF) said that exports of food and drink from the UK to the European Union plunged…
UPDATE 3 — The UK’s Food and Drink Federation (FDF) said that exports of food and drink from the UK to the European Union plunged…
The Scottish Government said the project which saw it provide £1.13 billion — with local authorities contributing £665 million — to build 117 new schools in…
Two of Scotland’s most successful entrepreneurs, Paddy Burns and Chris van der Kuyl, have launched Chroma Ventures — a new investment arm for their portfolio…
The UK’s National Audit Office (NAO) has revealed that benefits paid out by the UK’s four largest pay-as-you-go public service pension schemes — the “unfunded”…
By Mark McSherry Edinburgh-based investment giant Baillie Gifford said on Friday that star fund manager James Anderson will leave the firm on April 30, 2022,…
The Association of Investment Companies (AIC) announced that its CEO Ian Sayers has decided to step down later this year. The AIC represents the UK’s closed-end…
The Scottish Government said more than 500 new jobs are to be created as part of plans to establish a global health research, development and…
The Borderlands Inclusive Growth Deal was formally signed on Thursday — bringing up to £452 million of fresh investment to the Borderlands area of Scotland…
A £100 million investment in Orkney, Shetland and the Outer Hebrides has been agreed as representatives of the UK and Scottish governments joined the leaders of…
Aberdeen-based North Star Renewables has been awarded contracts worth an estimated £270 million to deliver three service operation vessels (SOVs) to be used on what…
The ScotRail train franchise will be run by the Scottish Government as an “operator of last resort” when the current contract with Dutch firm Abellio ends…
New data analysis from Savills has revealed there was a 98% increase in buyers registering with the agency to purchase rural estates and property in…
Glasgow-based cloud data centre operator Iomart Group plc has announced a major network expansion to meet future demand. Iomart said it has invested nearly £2 million in…
The Scottish Government has published plans to increase the value of private investment flowing into Scotland and make the country a “global centre of ethical finance.”…
Shares of Glasgow-based Smart Metering Systems (SMS) rose about 2% on Tuesday after it published “resilient” 2020 results that included an “attractive dividend policy.” SMS is…
Aberdeen-based engineering group Wood plc said on Tuesday its subsidiary WGPSN (Holdings) has reached a civil settlement with Scotland’s Civil Recovery Unit “in relation to…
The market value of Dublin and San Francisco-headquartered digital payments giant Stripe has soared to $95 billion with a round of funding that took it…
Perth-based bus and rail giant Stagecoach Group plc said on Monday it has submitted a court application for a judicial review of what it called…
The Scottish Government has announced plans to deliver 100,000 affordable homes over the next decade — with at least 70% of the houses for social…
Work to lay new subsea cables to supply superfast broadband to 15 of Scotland’s most remote island communities will begin this Spring, the Scottish Government…
New statistics released on Friday from the UK’s Office for National Statistics (ONS) show that food and drink exports to the EU fell 63% in…
Private equity firm CVC has announced a “long-term strategic partnership” with Six Nations Rugby through which it will invest up to £365 million for a 1/7th…
Standard Life Aberdeen (SLA) has sold independent financial adviser (IFA) platform Parmenion to private equity firm Preservation Capital Partners in a £102 million deal. Parmenion…
Shares of John Menzies plc, the Edinburgh-based global airport services business, rose about 3% on Tuesday despite it publishing results for the year ended December 31,…
Edinburgh-based international oil and gas company Cairn Energy said on Tuesday it plans to sell its stakes in UK North Sea fields Catcher and Kraken…
Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial markets trading, said on Monday its revenues increased by 24% to £5.29 million, of which…
Prominent Scottish business group the Scottish Council for Development and Industry (SCDI) announced it has launched a proposal for a Company Voluntary Arrangement (CVA) — a formal…
Young female savers face having £100,000 less in retirement income than their male counterparts, according to new data from Scottish Widows. “Lower average earnings, part-time work…
The Scottish job market continued to recover from the effects of the coronavirus pandemic in February, according to the latest Royal Bank of Scotland Report…
Edinburgh-based Parsley Box, the “direct to consumer provider of ready meals focussed on the underserved Baby Boomer+ consumer” has announced its intention to seek admission…
The £3 billion Dundee investment trust company Alliance Trust plc, which uses external fund managers Willis Towers Watson (WTW), announced board changes as it revealed…
KPMG has agreed to sell its UK Restructuring practice to Interpath Advisory, a newly-formed company which is backed by private equity firm H.I.G. Europe and KPMG…
The Trustee of the £80 billion Universities Superannuation Scheme (USS), the UK’s largest private pension fund, has warned that contributions by members and employers “will need to rise…
ClinSpec Diagnostics Limited (ClinSpec Dx), the Glasgow-based developer of liquid biopsies for early detection of cancer, has reached its round two funding target of £3.5…
The Scotch Whisky Association (SWA) said on Wednesday the UK Chancellor has offered some “breathing room” to distillers facing continued US tariffs by freezing spirits…
Royal London has announced the purchase of fintech business Wealth Wizards from Liverpool Victoria, subject to regulatory approval. Royal London is the UK’s largest mutual life,…
The latest data from the EY Financial Services Brexit Tracker shows that UK financial services firms continue to move jobs and assets to the EU…
Glasgow-based global engineering and mining giant Weir Group on Tuesday announced its results for the year ending December 31, 2020, showing revenue stable at almost £2…
Shares of Glasgow-based packaging firm Macfarlane Group rose about 6% on Monday after it announced the acquisition of GWP Holdings Limited, the owner of GWP Group…
The University of Edinburgh announced it has completed its divestment from fossil fuels — marking a significant milestone in its plan to become carbon neutral…
Shares of Glasgow-based packaging firm Macfarlane Group rose 9% on Thursday after it said its 2020 sales rose 2.1% to £230 million, profit before tax increased 9.6%…
Investment trust Greencoat UK Wind plc (UKW) said on Wednesday it has acquired the remaining 50% interest in Braes of Doune wind farm in Stirlingshire…
Closed life and pension fund consolidator Phoenix Group, owner of the “old” Edinburgh-based Standard Life Assurance, said on Tuesday it will take ownership of the…
Global company stock dividends fell 12.2% to $1.255 trillion on a headline basis in 2020 after a relatively strong finish to the year, according to the Janus…
The CEOs of AJ Bell, Hargreaves Lansdown and Interactive Investor have joined forces to demand greater access for retail investors to Initial Public Offerings (IPOs)…
The UK Government’s borrowing climbed to £270.6 billion in the first 10 months of this financial year — that’s £222 billion more than in the…
NatWest Group — formerly known as RBS — said on Friday it intends to begin a phased withdrawal for its Ulster Bank business from the Republic…
Shares of NatWest Group — formerly known as RBS — rose about 4% on Friday after it announced that its 2020 loss was smaller than…
Franklin Templeton announced that Kim Catechis, currently head of investment strategy at its Martin Currie business in Scotland, will join the newly launched Franklin Templeton…
Top-rated Aberdeen Standard Investments fund manager Harry Nimmo has made a staunch defence of actively managed funds amid the spectacular growth of “passive” index investing, arguing…
Scotland’s salmon farmers have asked Scottish Government ministers to consider financial compensation for fish lost to seal attacks. The Scottish Salmon Producers Organisation (SSPO) published…
By Mark McSherry Edinburgh-based international oil and gas company Cairn Energy has filed a case in a US district court to enforce a $1.2 billion…
Scottish Widows Loan Investments said it has provided a £96 million long-term loan facility to Constantine Wind Energy (CWE), one of the largest operators of…
Retail, hospitality, leisure and aviation businesses will pay no rates during 2021-22 under proposals outlined on Tuesday by the Scottish Government. The rates relief move…
Glasgow-based cloud data centre operator Iomart Group plc announced the appointment of Sharon Mars Leach as its group marketing director “to lead the group’s brand…
Shares of Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc rose another 6% on Tuesday after it published an update on trading for the year…
Global exports of Scotch Whisky fell by more than £1.1 billion or 23% to £3.8 billion in 2020, according to figures released on Friday by…
Edinburgh-based investment giant Standard Life Aberdeen (SLA) is considering a name change amid reports that new chief executive Stephen Bird is mulling a deal to…
Alva-based Omega Diagnostics Group said on Thursday it agreed a contract with the UK’s Department of Health and Social Care (DHSC) to provide manufacturing capacity for…
Paris-based investment giant Amundi — Europe’s largest fund manager with €1.7 trillion of assets — announced that chief executive Yves Perrier will be succeeded by…
Brexit will cost the London economy up to £9.5 billion a year – with the city’s service sectors bearing the brunt of the downturn, according…
Pensions and investment firm James Hay said on Tuesday it agreed to buy Edinburgh funds platform Nucleus Financial Group in an all cash deal that values Nucleus…
Baillie Gifford has claimed the top spot in FundCalibre’s seventh annual Fund Management Equity Index, pushing three-times winner Morgan Stanley into second place. Each year,…
Scottish Widows said on Monday it will become the first UK major pensions and insurance provider to target halving the carbon footprint of all its…
The Scottish private sector “sunk deeper into a downturn” during the opening month of 2021 as lockdown measures stifled client demand and led some businesses…
The Scottish Government has published its infrastructure investment plan that is backed by £33 billion over the course of the next parliament. “Significant capital investment…
Shares of oil and gas producer EnQuest plc fell about 8% on Thursday after it agreed to buy Suncor’s 26.69% equity interest in the Golden…
Edinburgh Airport said on Thursday it recorded its lowest number of passengers since 1995 in the last 12 months — and warned the outlook is…
The Investment Association (IA) — the powerful trade group for the Scottish and UK asset management industry — has called on companies to step up their…
Edinburgh-based Menzies Aviation, the global aviation logistics specialist, has announced five new appointments — including three new strategic hires — to bolster its cargo team. Rory…