London-listed Scots firms post strong third quarter
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…
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Edinburgh 4th in Europe in new Financial Centres index
Edinburgh has been ranked fourth in Europe in the latest Global Financial Centres Index (GFCI 28) launched on Friday by influential London think tank Z/Yen…
Investors pull another £2bn out of UK stock funds
Morningstar said on Monday that investors withdrew another £2.26 billion out of UK equity funds in August as uncertainty over Brexit and a second wave…
Tesla loses $82bn stock market value after S&P snub
By Mark McSherry Shares of Tesla fell 21% on Tuesday, wiping about $82 billion from its stock market valuation, after the electric vehicle maker’s surprise…
AIC slams Morningstar for Scottish Mortgage move
The UK’s Association of Investment Companies (AIC) is taking on the mutual fund analyst giant Morningstar following its downgrade of Baillie Gifford’s Scottish Mortgage Investment…
Scottish Mortgage shares up 105% amid Tesla success
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…
Wood pledges 40% cut in greenhouse gas emissions
Aberdeen-based Wood plc, the global engineering and consulting company, announced on Friday a pledge “to set a science-based target” to reduce its” scope 1 and…
Standard Life Aberdeen staff to work at home all year
Edinburgh-based investment giant Standard Life Aberdeen Plc — one of Scotland’s largest employers — has told most of its UK staff to work from home…
AJ Bell: trusts beat open end sister funds 75% of time
Three-quarters of investment trusts outperform their sister open-end fund over both one year and 10 years — but the trusts are more volatile than their…
Scottish Mortgage raises another £188m of debt
Baillie Gifford’s flagship £8.9 billion fund, the Scottish Mortgage Investment Trust plc, said on Thursday it raised a further £188 million in debt. Scottish Mortgage…
Scottish Mortgage defends unquoted investments
By Mark McSherry Baillie Gifford’s flagship £8.4 billion fund, the Scottish Mortgage Investment Trust plc, on Friday defended its fondness for investing in unquoted companies…
£7bn Scottish Mortgage fund raises £170m of debt
Baillie Gifford’s flagship £7 billion fund, the Scottish Mortgage Investment Trust plc, said it has raised further borrowings of £170 million “to invest in additional future growth…
V&A Dundee to open on September 15
V&A Dundee, Scotland’s first design museum, announced it will open to the public on Saturday, September 15, 2018. It will be the only V&A museum…
£5bn Scottish Mortgage fund to raise £125m of debt
Baillie Gifford’s flagship £5 billion fund, the Scottish Mortgage Investment Trust plc — which recently entered the FTSE 100 index for the first time in its…
£1.3bn Monks fund rides Brexit, Trump fortunes
Baillie Gifford’s £1.3 billion Monks Investment Trust said the consequences of the Brexit vote had been very good news for the closed-end fund in the short term…
Skyscanner ‘considering sale or IPO’ – report
Edinburgh-based online travel search company Skyscanner is exploring “strategic options” including a possible sale of the firm, an initial public offering (IPO) or more fundraising, according to…
New investment values Skyscanner at $1.6bn
Edinburgh-based travel search firm Skyscanner has announced five new partners who will invest £128 million ($192 million) between them for an undisclosed share in the company….
Scottish Mortgage Targets Unlisted Firms
By Mark McSherry Scottish Mortgage Investment Trust’s latest results show a big increase in its stakes in companies not listed on the stock market and reveal…