International passengers up 37.6% at Edinburgh
A 37.6% increase in international passenger numbers helped Edinburgh Airport have its busiest March ever. International passenger soared from 358,450 in March last year to 493,200 last…
A 37.6% increase in international passenger numbers helped Edinburgh Airport have its busiest March ever. International passenger soared from 358,450 in March last year to 493,200 last…
Standard Life’s financial planning business 1825 said it will establish a London regional office by buying Baigrie Davies, its third acquisition in the last three weeks. Baigrie…
Royal Dutch Shell is considering the sale of some of its North Sea operations following its £35 billion takeover of rival oil and gas producer BG Group. Shell has…
Perth-based energy giant SSE has warned it may face increased risk to its investment outlook if the EU referendum results in “a prolonged period of…
Edinburgh-based oil and gas explorer Cairn Energy said on Tuesday it has added 20% to its resource estimate for its oilfield off the coast of Senegal…
Perth-based energy giant SSE said on Monday it agreed to sell 49.9% of its current Clyde Wind Farm in South Lanarkshire to pension fund investors Greencoat UK Wind (UKW)…
Royal Bank of Scotland said its three top bosses spent almost £1 million buying shares in the company just three days after it reported a 2015 loss of £1.98 billion, its eighth…
Perth-based energy giant SSE said it is likely to close three of the four units at its coal-fired power station at Fiddler’s Ferry, Cheshire, from April 1…
More than half a million passengers have used the new Borders Railway between Edinburgh and Tweedbank near Melrose in its first four-and-a-half months of service, the Scottish Government…
The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) said on Thursday they have decided to start investigations into certain former HBOS senior…
Fund manager Aberdeen Asset Management, which specializes in emerging markets and Asia, said its assets under management fell from roughly £324 billion to £284 billion in the…
The UK’s Financial Conduct Authority (FCA) is to investigate whether Britain’s $10 trillion (£6.6 trillion) asset management industry delivers value for money for investors. The FCA said…
Perth-based energy giant SSE said adjusted pretax profit rose 48.2% to £548.8 million for the six months to September 30 amid windy and wet weather…
Edinburgh-based investment giant Standard Life said it enjoyed net inflows of £2.4 billion ($3.6 billion) in the third quarter — well ahead of analysts’ expectations….
About 73% of Scottish businesses would vote to remain in the European Union in a referendum, with that figure rising to 90% for large Scottish companies, according…
French energy major Total has agreed to sell its interests in the FUKA and SIRGE gas pipelines in the North Sea and the St. Fergus Gas Terminal…
First Minister John Swinney set out his ambitions for Scotland’s economy during a speech in Glasgow on Friday — and took a swipe at “poor…
A renewables firm has submitted plans for a £130 million flexible energy battery storage park between Bathgate and Whitburn in West Lothian. South Lanarkshire-based OnPath…
Ports from across Scotland have launched the Scottish Offshore Wind Ports Alliance (SOWPA) — a forum of the country’s leading infrastructure facilities targeted at optimising…
Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, announced that Nick Anderson has been appointed to its board as an independent non-executive…
Amanda Young, chief sustainability oficer for the investment business of Abrdn, has left the company. On an interim basis, Dan Grandage, head of sustainable investing,…
Port of Aberdeen has announced a record-breaking financial performance for 2023, boosted by the opening of its South Harbour expansion. The new development attracted significant…
Entrepreneurs and innovators from across the Glasgow area have started gathering for the first-ever Tech Week in Scotland. Taking place May 13-18, Glasgow Tech Week…
The University of Glasgow said a £3 million grant will help it to build one of the UK’s most advanced research facilities for silicon chip integration…
Haventus, the energy transition facilities firm and owner of Ardersier Port east of Inverness, said it has secured a £100 million joint credit facility from…
LGT Wealth Management announced that it has moved its Scotland office to a new headquarters in Edinburgh at Capital Square on Morrison Street, one of…
The University of Glasgow is to lead a consortium with support from the universities of Edinburgh, Sheffield, Stirling, Strathclyde, York and King’s College London to develop…
The £400 million North American Income Trust plc announced it has provided notice to terminate Abrdn as its fund manager and agreed to appoint Janus Henderson…
The UK’s Royal Academy of Engineering has launched a major new initiative to support engineering and technology entrepreneurs to start and grow businesses in Scotland….
John Wood Group plc, the Aberdeen-based engineering and consulting giant, announced on Wednesday it rejected an “unsolicited, preliminary and conditional” takeover proposal from Dubai-based engineering and…
TSB, the UK banking business of Spain’s Sabadell, is planning 250 job cuts and 36 branch closures. Sabadell has just turned down a takeover offer…
BrewDog co-founder and CEO James Watt announced he will step down as chief executive officer and move to a new role as “Captain & Co-Founder”…
The “relentless negativity” about UK-focused equity funds was undiminished in April as outflows totalled £665 million, taking the cumulative withdrawal of capital to £21.3 billion…
Scotland’s Gross Value Added (GVA) is expected to rise by 0.4%, down from previous forecast of 0.7%, but longer-term prospects remain encouraging, according to the…
John Swinney has been elected as Scotland’s First Minister as the governing Scottish National Party attempts to halt its slide in the opinion polls ahead…
Standard Life, part of Phoenix Group, said it has concluded the transition of over £1.6 billion of assets from the Siemens Investor Plan, following a…
2i Testing, the Edinburgh-based quality assurance and software testing consultancy, said it has secured eight-figure funding from London-based private equity firm Rockpool Investments as it aims…
Savills has reported that Central Scotland continues to see the strongest market activity in UK forestry transactions. However, the total value of the UK forestry investment…
Scotch whisky and drinks giant Diageo plc announced that Nik Jhangiani will join the company as chief financial officer (CFO), taking up the position and joining…
Aberdeen-based ROVOP, a global supplier of remotely operated vehicles (ROV) services to the energy sector, announced that it has been acquired by Louisiana-based Chouest. ROVOP…
The UK Infrastructure Bank (UKIB) has announced a £25 million direct equity investment into Invinity Energy Systems plc, a manufacturer of vanadium flow batteries to…
KPMG has released its first ever report on the state of the Scottish Economy, predicting “slow but steady growth” over the next two years. The…
Aberdeen-based engineering and consulting giant John Wood Group plc has been awarded a new decarbonisation contract by TotalEnergies (TEPUK) to support flare gas recovery in the…
Elgin-based house builder Springfield Properties plc announced that it has signed a new contract worth £10.1 million with Moray Council for the delivery of affordable…
The Scottish National Investment Bank (SNIB) and the UK Infrastructure Bank (UKIB) said they have signed a Memorandum of Understanding (MOU) “that cements their close working…
Financial mutual firm Scottish Friendly said it has appointed John McGuigan as its new chair, as well as announcing two new non-executive directors. McGuigan also…
Edinburgh-based investment giant Abrdn has completed the sale of its £7.4 billion-asset European headquartered private equity business to Nasdaq-listed Patria Investments for up to £100 million….
Glasgow-based Nebu-Flow said it has secured an additional $5.9 million of investment to accelerate the next generation of inhaled drugs for patients with respiratory disorders. The…
Scotland’s First Minister Humza Yousaf has announced that he will stand down as soon as a successor has been elected. Speaking at a news conference at…
London’s Financial Times, owned by Nikkei Inc of Japan, has announced a “strategic partnership and licensing agreement” with ChatGPT owner OpenAI. The FT said the…
Mutual fund giant Franklin Templeton is launching a “Catholic principles” exchange traded fund (ETF) which aims to provide exposure to large and mid-cap stocks of…
First Minister Humza Yousaf confirmed on Thursday that the Scottish Government’s formal co-operation agreement with the Scottish Green Party has ended. The Scottish Conservatives said…
Savings balances grew 17% in the last 12 months to a record £490 million at Scottish Building Society, the world’s oldest remaining mutual. The organisation’s…
London-based asset management giant Schroders plc announced that Peter Harrison, 57, has signalled his intention to retire as group CEO next year, after a decade…
Italian energy firm Eni S.p.A. announced that it has reached an agreement to merge “substantially all” of its upstream assets in the UK with Aberdeen-headquartered Ithaca…
The latest KPMG Private Enterprise Venture Pulse report reveals that 19 firms in Scotland shared £98 million in venture capital (VC) investment in the opening…
The Scottish National Investment Bank said it has committed a further £20 million to the Mid-Market Rent (MMR) strategy (New Avenue Living) managed by Thriving…
Funding platform Ferovinum and The Borders Distillery Company Limited in Hawick have agreed a £35 million funding package to support the distillery for the next…
The Chartered Institute for Securities & Investment (CISI) announced that Jonathan Gibson and Shaid Moughal are the new co-presidents for the CISI Scotland committee. They…
More than one million faster broadband connections have been delivered to homes and businesses across Scotland amid £1 billion of publicly-driven investment, the Scottish Government…
The British Business Bank’s Investment Fund for Scotland has agreed £5 million of deals to support the growth of small businesses just six months since…
Alliance Trust plc, the £3.9 billion Dundee-headquartered fund, announced that its external investment manager Willis Tower Watson (WTW) has appointed a new stock picker for…
Eva Cairns has joined Scottish Widows as Head of Responsible Investments and Stewardship. Cairns joins Scottish Widows after 13 years with Abrdn, where most recently…
Scottish businesses want any future UK government to tackle labour and skills shortages, reduce UK business taxes and invest more in infrastructure, according to the latest Addleshaw…
Forres-based spaceflight company Orbex said it has raised £16.7 million from six backers in an update to its Series C funding round. Orbex has headquarters and production facilities…
Edinburgh-based oil and gas firm Capricorn Energy announced that Craig van der Laan, its non-executive chair since February 2023, has decided not to stand for re-election…
RenewableUK, the Offshore Wind Industry Council, The Crown Estate and Crown Estate Scotland have published a detailed Industrial Growth Plan (IGP) setting out “how to…
New York-based Global Infrastructure Partners (GIP) announced that it has entered into a binding agreement to sell a 50.01% stake in Edinburgh Airport to France’s Vinci…
Scotland’s leading organisation for building resilience against cyber and fraud crime, the Cyber and Fraud Centre – Scotland, has appointed former Police Scotland Detective Superintendent…
Latest estimates sourced from the UK’s Office for National Statistics (ONS) show that the Scotland’s unemployment rate for people aged 16 and over was 4% down…