By Mark McSherry Global financial shares lost about $465 billion in stock market value in two days as investors cut exposure to lenders following Silicon…

Royal London said its 2022 operating profit before tax increased 58% to £210 million as adverse market impacts on its asset management revenues “were more…

Scottish marketing and communications agency BIG Partnership has reported a strong start to 2023 with a raft of new client wins and an expansion of its…

Equinor UK Limited said it has signed an agreement to acquire Suncor Energy UK Limited for $850 million. The transaction includes a non-operated interest in…

NatWest Group — formerly known as RBS — said its operating profit before tax rose 33% to £5.1 billion in 2022 as its total income rose…

Nicola Sturgeon confirmed on Wednesday she will resign as Scotland’s first minister after more than eight years in the role. Sturgeon told a news conference:…

Celtic plc announced its revenue increased 44.8% to £76.5 million in the six months to December 31, 2022, and profit before taxation rose to £33.9 million…

Scottish salmon was the UK’s biggest food export in 2022, despite the volume of fish transported overseas falling 26%, new HMRC figures have revealed. Sales of…

Global exports of Scotch Whisky grew to more than £6 billion for the first time in 2022, according to figures released by the Scotch Whisky…

The Scottish Government announced that former DC Thomson Publishing CEO Ellis Watson has been appointed as Chief Business Advisor to First Minister Nicola Sturgeon. The…

Edinburgh-based retirement adviser platform Nucleus Financial has agreed to buy Bristol-based SIPP provider Curtis Banks in a £242 million cash deal, taking Nucleus’ assets under administration to £80…

The latest Fund Flow Index (FFI) report from global funds network Calastone revealed a “bad year for passive equity funds” as index funds fared worse…

The British Business Bank is inviting proposals from fund managers to operate the new £150 million Investment Fund for Scotland. The bank said it expects…

Occupational pensions consultancy LCP (Lane Clark & Peacock) has predicted that 2023 will be a record breaking one in the de-risking market, with record volumes of…

SSE Thermal announced it is developing a “first-of-a-kind” project in the Humber area of North East England which would unite hydrogen production, storage and power…

Equity investment levels in Scotland’s smaller businesses continued to rise during the first half of 2022, according to new research published as part of the…

Standard Life, part of Phoenix Group, said it has concluded a £530 million Bulk Purchase Annuity (BPA) transaction covering 3,000 members of the Cobham Pension…

Sterling rallied on Thursday as Liz Truss said she would resign as UK prime minister after 44 days of chaos. The UK pound was up…

By Mark McSherry UK prime minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday — and scrapped parts of their economic package that…

By Mark McSherry UK finance minister Kwasi Kwarteng needs to make £62 billion of spending cuts or tax rises to stop the UK’s public debt…

Edinburgh-based investment giant Abrdn has joined the governing council of distributed ledger technology (DLT) firm Hedera, becoming the first buy-side finance and asset management company…

Offshore Energies UK (OEUK) has called for a “rapid acceleration of investment” into North Sea oil, gas and offshore wind — and a prompt announcement…

This year’s Edinburgh Festival Fringe saw an estimated 2.2 million tickets sold for 3,334 shows which were performed by artists from 63 countries. That’s down…

Consumer price inflation in the UK is set to peak at 18.6% — which is nine times the target of the UK’s central bank —…

Shell has launched a sale process for its 30% stake in the Cambo oil prospect west of Shetland in the UK North Sea, potentially paving the…

ScottishPower and Hutchison Ports are exploring the opportunity to develop, build and operate a multi-hundred MW green hydrogen production facility at the Port of Felixstowe…

Royal London said it made a loss before tax of £228 million in the first half of 2022 compared to a £228 million profit for the…

Norway’s Equinor has submitted plans to UK regulators for the development of Rosebank, a major oilfield west of Shetland which would start production in late…

Latest data from Abrdn-owned Interactive Investor (ii), the UK’s second-largest investment platform for private investors, shows a significant jump in voting on AGM shareholder resolutions in…

New figures released by the British Business Bank show that small businesses founded at Scottish universities “accounted for the highest number of equity investment deals…

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…

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…

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…

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…

Phoenix Group’s Standard Life has warned of a “a major gap” in the British pension system with the latest ONS statistics showing a split between the…

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…

The Scottish Government has announced that six Scottish islands will become carbon neutral by 2040. It said the Carbon Neutral Islands project is a programme…

Homes for Scotland (HFS) has announced that BT executive Jane Wood will be its new chief executive with effect from Wednesday, June 1. Wood succeeds…

Shepherd Chartered Surveyors announced it has been appointed by the joint administrators of Countesswells Development Limited (CDL) to market a massive 3,100-home development site west…

Salmon Scotland, the body which represents the Scottish salmon industry, has raised fears that a “trade war” with the EU could have a devastating impact…

Fintech platform Ferovinum has announced its launch into the Scotch whisky industry, backed by institutional capital of £100 million. The fintech business behind Ferovinum — a…

Scottish tech businesses bounced back in 2021, with 72% of companies reporting increased sales, according to new research from ScotlandIS. This marks a return to…

The British Business Bank has appointed a new Scottish representative to its UK Network team, with senior manager Barry McCulloch spearheading the bank’s presence north…

Scotland’s salmon farming industry has joined calls from the Scottish food and drink industry for more flexibility in the UK’s immigration system to help address…

UK finance minister Rishi Sunak announced tax cuts for workers and a reduction in fuel duty on Wednesday in his half-yearly budget update. Sunak set out…

Abrdn’s £1 billion Standard Life Private Equity Trust (SLPE) will be promoted to the FTSE 250, from the FTSE UK Small Cap index, following the…

Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, has announced big changes to its board. Scotgold said Sean Duffy, 52, joins the firm…

Royal London said on Friday its assets under management increased about 11% to a record high of £164 billion due to positive market movements and…

SSE, the Perth-based renewable energy and power networks giant, announced that former Barrick Gold and Blackrock executive Catherine Raw will join the company as managing…

Royal London said on Wednesday its discussions on a potential merger with mutual life insurer LV= — formerly known as Liverpool Victoria — have ceased. Royal…

First Minister Nicola Sturgeon and Scottish Financial Enterprise chair Philip Grant are to co-chair a “refocussed” national board to “ensure the crucial role of financial…

Swiss private markets firm Partners Group has agreed to acquire Aberdeen-based North Star, the operator of specialized vessels for emergency response and essential offshore wind…

The contrarian Scottish Investment Trust plc said on Monday its share price total return for the year to October 31 was 24.3% and the net…

Dozens of Scottish and British business leaders have joined forces to warn Scottish and Westminster politicians against creating a “hostile investment environment” for the North…

UK exports of food and drink are down £2.7 billion or 15.9% in the first three quarters of 2021 compared to pre-pandemic levels, according to…

Siccar Point Energy CEO Jonathan Roger said on Friday that Royal Dutch Shell’s decision last week not to go ahead with the Cambo oilfield project west…

The powerful trade association for the £274 billion investment trust and closed-end fund industry has said the cost of preparing prospectuses — in terms of time…

Royal Dutch Shell said on Thursday it has scrapped its current involvement in plans to develop the controversial Cambo oilfield west of Shetland in a…

The Scotch Whisky Association (SWA) has welcomed the 50% excise duty cut on imported Scotch Whisky in the state of Maharashtra ahead of formal UK-India…

Blocking long-planned oil and gas projects in the North Sea would risk leaving UK consumers even more exposed to the global energy shortages that sent…

Zetland Capital Partners LLP, a London based private equity firm, has announced its funds have agreed to acquire the 338-bedroom Macdonald Manchester Hotel and the…

Companies in the UK’s oil and gas sector are predicting that the share of their business outside of oil and gas will jump from 21%…

Edinburgh-based investment giant Abrdn said on Friday it has acquired the “investing insights” and personal finance news platform Finimize. Finimize CEO Max Rofagha will join…

The £265 million Baillie Gifford China Growth Trust plc has described Beijing’s crackdown on internet companies as “remarkably sensible.” The Baillie Gifford fund said the market…

Barclays has officially opened its new campus on the south bank of the River Clyde in Tradeston, Glasgow, to house its technology, operations and functions…

Aberdeen-based housebuilder Stewart Milne Group said it is putting its timber systems business up for sale “to focus on investing in the growth of Stewart…

Airlines have been invited to bid for a contract to resume “lifeline” flights from Wick John O’Groats Airport, which is operated by Highlands and Islands…

By Mark McSherry Edinburgh-based asset management giant abrdn announced it has agreed as a member of a bondholder committee to a restructuring of $530 million…

Plans to create the first Scottish Cyber Security Innovation Hub — to help drive further growth and innovation in Scotland’s thriving cyber security sector —…

Edinburgh-based Frontier IP, a specialist in commercialising university intellectual property, announced that its portfolio company Exscientia Limited has filed a registration statement with the US…