Iomart shares take hit as first half profit falls 29%
Shares of Glasgow-based cloud computing firm Iomart Group plc fell about 7% on Tuesday after it published half yearly results for the period ended September…
Shares of Glasgow-based cloud computing firm Iomart Group plc fell about 7% on Tuesday after it published half yearly results for the period ended September…
Baillie Gifford’s £3 billion Monks Investment Trust plc said on Tuesday it produced a net asset value (NAV) total return of 26.8% compared to an increase of 10.2% for the…
Springfield Properties, which is building a number of new communities throughout Scotland, said on Monday it has been granted planning approval for 75 homes to…
Scottish Investment Operations (SIO) has appointed Standard Life Aberdeen’s Denise Thomas as its new chair to succeed Pauline Burns who has held the position since 2017….
Aberdeen Standard Investments (ASI) said on Monday it selected DEAS Group, the asset and property management group in Denmark, as the preferred bidder to acquire its…
Spanish bank Banco Sabadell has given Goldman Sachs a mandate to sell Edinburgh-based TSB, its loss-making UK business, according to a Reuters report on Friday….
Aberdeen Standard Investments (ASI) said on Thursday it has created a new platform that will allow investors to track a broad spectrum of “investable” hedge…
The UK Debt Management Office (DMO) has announced the UK government will sell a further £92 billion of bonds over the next four months. The…
Shares of Virgin Money UK fell about 5% on Wednesday after it said its full-year underlying profit before tax fell 77% to £124 million “primarily due”…
The recently-created South of Scotland Enterprise (SOSE) has announced that its permanent chief executive will be Jane Morrison-Ross, currently CEO of ScotlandIS, the organisation for…
Global dividends fell $55 billion or 11.4% to $329.8 billion in the third quarter of 2020 as companies cancelled and cut payouts during the coronavirus…
The Scottish National Investment Bank has officially opened for business with the completion of its first major investment — a £12.5 million vote of confidence…
Glasgow-based packaging firm Macfarlane Group on Thursday published an update on its trading for the period from June 30 to October 31, 2020. “The board…
Falkirk-based global bus manufacturer Alexander Dennis Limited (ADL) said it welcomed the UK Government’s Ten Point Plan for a Green Industrial Revolution “and the commitment to…
Aberdeen Standard Investments (ASI) has this week announced a number of key appointments in its funds invested in smaller companies. Abby Glennie has been appointed…
Alvance Aluminium, a member of Sanjeev Gupta’s GFG Alliance, has announced a new £94 million investment package “to secure Fort William’s future as a Greenaluminium…
Institutional shareholders will be clamping down further on executive pension perks “in a move to promote fairness and good employee relations” — according to the…
Aviva said on Monday that with support from the Scottish Government it has launched one of the UK’s largest combined solar carports and energy storage…
Scottish Financial Enterprise (SFE) said Scotland exported £9.2 billion of financial and related professional services in 2019, up 7.7% from 2018, citing a new report from TheCityUK.SFE…
Standard Life Aberdeen’s new CEO Stephen Bird is planning a big strategic shift for the active asset management giant by building a stable of passive…
Edinburgh-based investment giant Aberdeen Standard Investments (ASI) said on Thursday it has launched a range of sustainable index funds. “The sustainable index funds each track…
Petroineos said on Tuesday it plans to mothball nearly half of its 200,000 barrel-per-day refinery at Grangemouth due to a coronavirus-related drop in demand for…
The combined deficit of UK defined benefit pension schemes increased by £2.1 billion in October to £168.2 billion, according to new data from the Pension…
UK wealth manager Brewin Dolphin said on Tuesday that former Scottish Widows boss Toby Strauss will become its next chairman on February 5, 2021. Brewin…
UK pension fund trustees are involved in a major clash with fund managers over voting on vital ESG issues – with the UK government now…
Scottish Widows is to divest at least £440 million from companies that have failed to meet its environmental, social and governance (ESG) standards. Widows warned…
By Mark McSherry Baillie Gifford’s high-flying Scottish Mortgage Investment Trust plc has published results for the six months to September 30, 2020, showing the £15 billion…
The UK government and its central bank announced a fresh wave of co-ordinated economic stimulus on Thursday. The Bank of England increased its bond-buying programme…
TSB said it has launched a new partnership with Aviva’s Wealthify “which will make investment opportunities directly available to TSB’s five million customers.” TSB said…
Eight non-executive directors have been appointed to the board of the Scottish National Investment Bank ahead of its launch in the final quarter of 2020….
Shares of Glasgow-based global mining and engineering giant Weir Group edged 2% higher on Tuesday after it published a trading update for the third quarter ending…
Edinburgh-based investment giant Baillie Gifford continued its record-breaking year in the third quarter thanks to the strong performance of its funds. BlackRock and Baillie Gifford…
Edinburgh-based investment giant Standard Life Aberdeen plc confirmed that its new chief executive officer Stephen Bird bought 500,000 shares in the company at 217.59p for…
The Scottish Government has announced plans to commission a Scottish Centre of Expertise in Biodiversity as part of the new draft strategy for the environment,…
Edinburgh funds platform Nucleus Financial Group said on Monday it agreed to acquire the “UK business and assets of Genpact Wealth Management UK Limited (which operates…
Glasgow-based mining and engineering giant Weir Group announced on Monday that Srinivasan Venkatakrishnan and Ben Magara will join its board as non-executive directors on January 19, 2021….
Standard Life Aberdeen’s UK financial planning and advice business, 1825, has announced changes to its leadership team. 1825 has £5.4 billion of assets under administration…
More than £600 million has been raised for life science companies headquartered in Scotland over the last three years, according to Savills. The latest data…
The Scottish Government said on Wednesday it has set a new ambition to increase offshore wind capacity to 11 gigawatts (GW) of energy installed by…
Shares of Alva-based Omega Diagnostics Group fell about 20% on Wednesday after it issued a trading update saying its turnover is expected to fall 29%…
The Scottish Government has unveiled what it called a “new, targeted inward investment plan” that aims to further internationalise Scotland’s economy. The plan represents a…
Edinburgh-based asset management giant Aberdeen Standard Investments (ASI) said on Tuesday it will acquire a 66% interest in Outokummun Energia Oy, a regional energy business…
The number of workers on offshore oil and gas installations decreased by around 4,000 as the UK went into lockdown in March this year, official…
Celtic plc said on Monday its revenue fell 15.8% to £70.2 million in the year to June 30, compared with £83.4 million revenue in the…
A new report from the UK’s Business Growth Fund (BGF) has warned of a serious rising shortfall in equity funding and called for pension funds,…
The Financial Reporting Council (FRC) has published its Annual Review of Corporate Reporting, which reveals the FRC wrote to 44% of the companies it reviewed…
Aberdeen Standard Investments (ASI) said on Tuesday it has appointed former Schroders executive Justin Simler as head of multi-asset product strategy. Based in London, Simler…
UK central bank policymaker Gertjan Vlieghe said on Tuesday the Bank of England may be required to add more stimulus to the UK economy. Vlieghe,…
Dundee investment trust company Alliance Trust plc, which uses external fund managers Willis Towers Watson (WTW), said on Monday that WTW has appointed Lomas Capital…
PwC said it has found that up to one million UK pension scheme members could transfer to a “superfund” over the next 10 years in…
Glasgow-based DeepMatter Group plc, the AIM-listed company focusing on digitizing chemistry, has announced two major appointments to its board, effective November 1. Karen Bach will join…
Tesco Personal Finance plc and Ageas UK Limited have signed an agreement for Edinburgh-based Tesco Bank to acquire Ageas’s stake in Tesco Underwriting in a…
Aberdeen Standard Investments (ASI) has launched the Aberdeen Standard SICAV I – Global Dynamic Dividend Fund to invest in a range of dividend-paying stocks across developed…
Scottish Enterprise has appointed Linda Hanna interim CEO effective Thursday, October 15, after the surprise resignation of Steve Dunlop last week. Dunlop will leave Scottish…
By Mark McSherry Edinburgh-based investment giant Aberdeen Standard Investments (ASI), which manages £456 billion of global assets, welcomed the news that China’s domestic shares broke…
Glasgow-based sausage skin and food collagen products firm Devro said on Wednesday that Rohan Cummings will join the board of the company as executive director and…
Scottish companies listed on the London Stock Exchange outperformed their indices in the third quarter of 2020 according to analysis from Brewin Dolphin, boosted by…
Transport Scotland said on Tuesday the Scottish Government is to provide a further £4 million of emergency funding for Glasgow Subway and Edinburgh Trams in…
The Scotch Whisky Association (SWA) on Tuesday welcomed a World Trade Organization (WTO) ruling that gives the European Union the right to impose tariffs on $4 billion…
The Scottish Government has revealed details of a £40 million fund to help businesses affected by temporary restrictions to slow the spread of coronavirus (COVID-19)….
UK finance minister Rishi Sunak said on Friday afternoon the UK Government’s Job Support Scheme (JSS) will be expanded “to protect jobs and support businesses…
Perth-based Stagecoach Group plc, the UK’s biggest bus, coach and tram operator, said on Friday that passenger demand in its UK regional bus operations “had…
Edinburgh-based investment giant Standard Life Aberdeen has appointed Alex Hoctor-Duncan as the new global head of its £456 billion asset management business Aberdeen Standard Investments….
The Scottish Government said on Thursday it agreed with COSLA a package of “financial flexibilities and extra funding” for councils in Scotland which could be…
The Scottish Government said on Wednesday afternoon that all pubs and restaurants across the central belt of Scotland including Edinburgh and Glasgow are to be…
Scottish Enterprise said on Wednesday afternoon that CEO Steve Dunlop is to step down “after a period of rapid change in which the organisation has…
The £1 billion Baillie Gifford Japan Trust plc said on Wednesday its net asset value total return rose 6.8% compared to the 0.1% fall in…
Shares of Alva-based Omega Diagnostics Group, involved in developing new tests with partners for COVID-19, rose another 13% on Tuesday after the UK Government announced…
Chrysaor has agreed a reverse takeover of Premier Oil to create the UK North Sea’s largest oil and gas producer as the sector faces up…
Shares of Glasgow-based global engineering giant Weir Group soared almost 20% on Monday after it agreed to sell its oil and gas division to Caterpillar Inc….