Morningstar analysts have downgraded Baillie Gifford’s high-flying Scottish Mortgage Investment Trust plc — which has returned 58% so far this year — from a gold…

Scotland’s gross domestic product (GDP) increased by 5.7% in June, according to statistics announced on Wednesday by the chief statistician. The growth in June followed…

Edinburgh-based asset management giant Aberdeen Standard Investments said it is closing its underperforming ASI UK Recovery Equity Fund on October 22 after the fund’s largest…

Crosswind Developments said on Tuesday it submitted an application for planning permission in principle (PPiP) to The City of Edinburgh Council for a 30-hectare “Digital Quarter”…

Shares of Aberdeen-based global engineering group Wood plc rose about 5% on Tuesday after it published half year results for the six months ended June…

By Mark McSherry Edinburgh-based asset management giant Aberdeen Standard Investments has written to the US Securities and Exchange Commission (SEC) to warn that proposed new…

Clients of Aberdeen Standard Investments have acquired Clarendon Quarter, a 324-unit residential scheme situated just outside of Leeds city centre, for about £41 million from…

A £53 million order to make personal protective equipment (PPE) for NHS Scotland has been secured by Alpha Solway, based in Annan, Dumfriesshire. The order…

By Mark McSherry The US government has said it will maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European and UK goods…

The UK’s gross domestic product (GDP) plunged 20.4% in the second quarter of 2020 amid the coronavirus lockdown — the most severe contraction reported by…

The UK’s Local Authority Pension Fund Forum (LAPFF) has called on the UK government to ban sales of all new petrol, diesel and hybrid cars…

Shares of Aberdeen-based bus and rail giant FirstGroup plc rose about 6% on Monday as it welcomed the extension of funding from the UK Department for…

The UK Treasury said on Friday that more than 65,000 businesses in Scotland benefited from over £2.3 billion of support to bounce back from COVID…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Edinburgh-based Standard Life Assurance, said on Thursday it is involved in “disagreements”…

Baillie Gifford said on Thursday its £2.5 billion Monks Investment Trust plc raised £100 million of long-term debt, a move that takes the closed-end fund’s…

Shares of West of Shetland oil and gas explorer Hurricane Energy plc fell another 17% on Thursday after it published an update on the technical…

The Scottish Government has reimposed lockdown restrictions on Aberdeen after a spike in new coronavirus cases. “Following an increase in coronavirus (COVID-19) cases in Aberdeen,…

Scottish Widows has invested an initial £2 billion of pension fund assets to become the inaugural investor for BlackRock’s Climate Transition World Equity Fund —…

Shares of Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial markets trading, fell about 8% on Tuesday after it published a trading update for…

The UK’s Financial Reporting Council (FRC) is expected to appoint departing Standard Life Aberdeen CEO Keith Skeoch as its interim chairman in the next few…

Leading Scottish law firm Brodies LLP said on Tuesday it reported a 7% increase in turnover to £82 million for the year to April 30,…

Standard Life Investments Property Income Trust on Monday became the latest real estate investment trust (REIT) to slash its dividend amid pressure on rent collections. The…

Edinburgh-based investment giant Baillie Gifford said it has completed its first ever “value assessment” of its UK authorised funds. “Our conclusion is that value has…

Martin Gilbert, the outgoing vice-chair of Standard Life Aberdeen, said in an interview with London’s Financial News that the Edinburgh-based investment giant will seek acquisitions…

NatWest Group, the bank formerly known as RBS, said on Friday it suffered a net impairment loss of £2.8 billion in the first half of…

Edinburgh Airport said on Friday a restructuring process due to the impact of the Covid-19 pandemic on the aviation industry will see around a third of its…

TSB Bank plc said on Friday that its customer deposits rose £2.7 billion or 9% to £32.9 billion in the first half of 2020 “primarily…

Glasgow-based Smart Metering Systems (SMS) on Thursday published a trading update for the six months to June 30 and a full year outlook saying revenue and…

By Mark McSherry Aberdeen Standard Investments (ASI) said on Thursday that shares of its new US listed closed-end fund, Aberdeen Standard Global Infrastructure Income Fund…

The £67 billion Universities Superannuation Scheme (USS) – the UK’s largest private pension scheme by assets — said on Wednesday its funding deficit has more…

Aberdeen Standard Investments said on Wednesday its £580.9 million Murray Income Trust plc fund has agreed to merge with the £642.2 million Perpetual Income and…

Glasgow-based global mining, oil and engineering giant Weir Group talked up its “resilience” on Wednesday as it reported that revenue fell 18% to £1.095 billion in…

US fund management giant Franklin Templeton has appointed Julian Ide, CEO of Edinburgh-based asset manager Martin Currie, as its head of EMEA distribution ahead of…

The Scottish Government’s Transport Secretary Michael Matheson on Tuesday unveiled details of the plans to decarbonise Scotland’s rail passenger services by 2035. Matheson launched the…

Glasgow-based Virgin Money UK plc said on Tuesday that its customers’ deposits increased 4.8% to £67.7 billion in its third quarter “primarily due to lower…

Edinburgh-based investment giant Baillie Gifford is to move its headquarters from Calton Hill at the east end of Princes Street to a new £350 million…

Falkirk-based global bus manufacturer Alexander Dennis Limited (ADL) announced on Monday that “as a result of the significant decline in UK demand for new buses and…

Edinburgh-based international oil and gas company Cairn Energy said on Monday it agreed to sell its Senegal interests to Russia’s LUKOIL for up to $400…

Standard & Poor’s Global Ratings said in a new report that the €750 billion EU Recovery Fund and “the establishment of a shared fiscal mechanism”…

South Korea’s Hyundai Asset Management and the UK’s Roebuck Asset Management have completed a transaction to buy the Aegon UK head office in Edinburgh from…

Edinburgh-based investment giant Baillie Gifford is to take over the management of the £215 million Witan Pacific Investment Trust plc and change the fund’s investment…

German agriculture and energy firm BayWa r.e. said on Wednesday it joined the existing consortium of Belgian renewable energy company Elicio and French floating wind…

The Royal Bank of Scotland Group plc today changed its name to NatWest Group plc. The change of name has been registered at Companies House…

Shares of Perth-based bus and rail giant Stagecoach Group plc got some respite on Wednesday, rising 10% after its results for the year ended May…

Maven Capital Partners has led a £2.7 million investment through its managed Venture Capital Trusts (VCTs) and alongside the Scottish Investment Bank in Edinburgh-Tased Quorum…

Scotland Gas Networks Plc said on Monday its turnover for the year ended March 31, 2020, edged 2% higher to £357 million while profit for…

The number of profit warnings issued by listed companies headquartered in Scotland in the first half of 2020 increased by 45% year-on-year, with 94% citing…

UK corporate reaction to the Covid-19 pandemic caused unprecedented cuts in company dividends in the second quarter of 2020, according to the latest dividend monitor…

Perth-based renewable energy and electricity networks giant SSE plc said the decision by Ofgem to approve the 600MW HVDC transmission link connecting Shetland to the…

The Edinburgh property market has seen “exceptionally strong” demand over the June 29 to July 14 period since restrictions were relaxed, according to the latest…

Scotland’s gross domestic product (GDP) increased by 1.5% in May — after falls of 18.9% in April and 5.5% in March — according to statistics…

The UK Government said on Thursday it would seek to borrow another £110 billion from the bond market between September and November. The move will…

S&P Global Ratings said in a new report that the EU could become the main liquidity provider for a “green safe asset” if it carries…

Swedish state-owned energy firm Vattenfall said on Tuesday it is considering proposals for another two wind farms in South West Scotland. Together, the projects could produce…

Scottish companies listed on the FTSE index averaged a share price fall of 30.72% between January and June 2020, compared to losses of 18.61% and…

Cancer therapies company Macomics, a spin out from the University of Edinburgh, has launched by raising £3.2 million in a seed funding round led by…

By Mark McSherry The stock price of the Scottish Mortgage Investment Trust plc rose another 5.5% to £9.59 on Monday after shares of its top…

Embattled Glasgow-based fashion firm Quiz said on Monday it is “extremely concerned” by news reports about “an alleged instance of non-compliance with National Living Wage requirements…

Private sector activity in Scotland continued to decline markedly during June, with ongoing coronavirus restrictions stifling demand and disrupting operations, according to the latest Royal…

Edinburgh-based Roslin Technologies, the specialist AgriTech venture builder, is embarking on a £50 million second round capital raise that would value the company at more…

One of Boohoo’s largest shareholders — Edinburgh-based asset management giant Standard Life Aberdeen — has sold most of its stake in the Manchester-based online fashion…

The Financial Reporting Council (FRC) said on Wednesday it fined Grant Thornton UK £3 million for “firm-wide failures” to ensure compliance with ethical standards between…

Shares of Aberdeen-based bus and rail giant FirstGroup plc fell about 23% on Wednesday after it published annual results showing a £300 million loss before…

The Scottish Government is to provide up to £9 million of emergency funding for Glasgow Subway and Edinburgh Trams in response to the financial impacts…

Morgan Sindall Construction said on Tuesday it has won a place on the University of Glasgow’s new £250 million capital projects framework. “Work routed through…

Shares of Glasgow-based packaging firm Macfarlane Group rose 9% on Monday after it used a trading update saying its sales performance “has been more resilient…

North Sea oil producer RockRose Energy Plc said on Monday it agreed to be bought by privately held energy firm Viaro Energy in a deal…

The UK’s Big Four accounting firms have been told by the Financial Reporting Council (FRC) they have until 2024 to separate their audit practices from…

The City of Edinburgh Council will discuss proposals on Thursday, July 9, that include an option to create a single company for Lothian Buses and…

The £7.5 billion Lothian Pension Fund said on Friday it paid out £252.4 million to 31,500 pensioner members or their dependants in its 2019-2020 year….