More than 3,200 new Scots firms launched in May
More than 3,200 new Scottish businesses were set up last month, according to new research from R3, the UK’s insolvency and restructuring trade body. R3’s…
More than 3,200 new Scottish businesses were set up last month, according to new research from R3, the UK’s insolvency and restructuring trade body. R3’s…
The latest statistics from Scottish Development International (SDI) show that more than 8,500 jobs were created through inward investment in the 2022-2023 financial year. This…
Cable manufacturing company XLCC said North Ayrshire Council Planning Committee has granted full planning permission for its HVDC subsea cable manufacturing operations in Hunterston. The decision…
The Scottish Government’s External Affairs Secretary Angus Robertson has called on the UK Foreign Secretary James Cleverly to withdraw guidance and a letter sent to…
Scotland’s salmon sector has unveiled an ambitious European growth plan for its premium “Label Rouge” salmon to further enhance Scotland’s international reputation for food and…
Scottish tech businesses are planning a major employment drive as increased exports drive sales, according to new research from tech trade body ScotlandIS. However, Scotland’s…
Aberdeen-based clean energy firm Verlume has secured £7.2 million in funding — including £6.6 million from the Scottish National Investment Bank — to boost its expansion…
House prices across the UK fell 3.1% year-on-year in March in the largest annual decline since July 2009, according to Nationwide. All regions of the…
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…
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…
James Watt, CEO and co-founder of Aberdeenshire-based craft brewing firm BrewDog, has revealed in a LinkedIn post that he has been “diagnosed not only with…
A manager of the £510 million Abrdn UK Smaller Companies Trust plc has said that UK markets may be “closer to their low point than other…
The expanded Port of Aberdeen said it will welcome a wide range of new cruise vessels to the city in 2023, which could boost the…
An “unprecedented” shortage of skilled labour in Scotland’s financial services sector will be the defining issue of the coming year, according to an influential annual…
Bath Rugby has confirmed the signing of Scotland fly-half Finn Russell, who will join the English club following the 2023 Rugby World Cup after four…
SSEN Transmission said it welcomes UK regulator Ofgem’s approval of the need “for the strategic electricity transmission reinforcements required” to deliver the UK Government’s 50GW…
UK finance minister Jeremy Hunt on Thursday announced a number of tax increases and proposed tighter public spending in his £55 billion Autumn budget plan….
By Mark McSherry — The half-year report from the £14 billion Scottish Mortgage Investment Trust plc is another sobering read from the giant closed-end fund which…
Scottish Mortgage Investment Trust, Baillie Gifford’s flagship fund, on Friday reported its net asset value per share (NAV) fell almost 18%, with borrowings at book value, for…
The British pound and UK government bonds rose on Monday after new finance minister Jeremy Hunt scrapped Prime Minister Liz Truss’s economic plan — reversing…
By Mark McSherry — Scotland exported £8.8 billion of financial and related professional services in 2020, 7.4% less than in 2019 but 86% more than in…
By Mark McSherry UK prime minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday — and scrapped parts of their economic package that…
Edinburgh-based Capricorn Energy said on Thursday it is withdrawing its intention to recommend an all-share merger with Tullow Oil and said instead it will recommend to shareholders…
By Mark McSherry — Assets under management held by the 250 member firms of the UK’s Investment Association (IA) reached a milestone £10 trillion in 2021, according…
Peel Ports has announced that the first-ever direct freight container service connecting China and Scotland is being launched in response to growing global pressures on…
Aberdeen-based global engineering and consulting giant John Wood Group has announced the appointment of chief operating officer Ken Gilmartin as the firm’s chief executive officer…
A multi-billion pound bid for an ambitious air, sea and rail economic zone on the River Clyde — supported by a large public private partnership…
The Scottish Government said on Friday that offshore work to connect thousands of island homes and businesses to faster and more reliable broadband services has…
Aberdeen biologics company Elasmogen has secured £8 million investment in a funding round led by BGF and Scottish National Investment Bank, with additional support from existing…
Kintore, Aberdeenshire-based oil and gas pipeline specialist STATS (UK) Limited announced its revenues increased 17% to £49.7 million while EBITDA earnings rose to £7.8 million from…
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…
London-based wealth manager Tilney Smith & Williamson, which is re-branding to Evelyn Partners this summer, has further strengthened its presence in Scotland by adding Capital…
TIGA, the trade association for the UK video games industry, released new data showing that employment in the Scottish video games development industry grew 26%…
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…
Stewart Milne Group announced it is embarking on a sale process of its housebuilding business following the decision of founder, principal shareholder and chairman Stewart Milne…
Edinburgh-based global investment management partnership Baillie Gifford has announced it will appoint eight new partners from May 1, 2022, and that four partners — James Anderson,…
ScotWind Offshore Wind Leasing Round partners ScottishPower and Shell are set to invest a total of £75 million “to help the supply chain and businesses support…
Managers of some of the most high profile investment trusts run by Edinburgh-based asset management giant Abrdn have published investment outlooks for their funds as…
The Scottish market for homes worth over £1 million witnessed an “unprecedented level of activity” in 2021, according to Rettie, with a record 419 such…
Crown Estate Scotland on Monday announced the outcome of its application process for ScotWind Leasing — the first Scottish offshore wind leasing round in over a decade. It said a total of just…
SSEN Transmission, together with National Grid Electricity Transmission (NGET), has submitted a “Final Needs Case” (FNC) to regulator Ofgem for the first of two subsea…
Plans have been submitted to the UK’s Oil and Gas Authority (OGA) by Corallian Energy Limited to develop the Victory Gas Discovery 50 kilometres north west of Shetland. The…
The Scottish Government’s “usual annual borrowing limit to address tax and welfare forecast errors” should be doubled to £600 million “as a starting point” according…
Scotland has experienced the highest growth in average household wealth in the UK over the last decade, growing by 66% versus 19% in London and 18% in…
SSE Renewables and joint venture partner Equinor have reached financial close on Dogger Bank C, the third phase of what will be the world’s largest…
Patrick Keefe has been named the winner of the £50,000 Baillie Gifford Prize for Non-Fiction 2021 for Empire of Pain: The Secret History of the…
Venture capital (VC) investors ploughed record amounts of money into Scottish scaleup firms over the summer with more than £197 million raised, according to Venture…
FirstGroup has launched Lumo, its new 100% electric and “affordable” fast rail service between Edinburgh and London King’s Cross. FirstGroup has pledged that fares will…
National Express Group Plc announced on Tuesday it is in talks to buy Perth-based Stagecoach in an all-share deal that would value the Scottish transport…
Embattled Aberdeen-based bus and rail giant FirstGroup plc — currently searching for a new chief executive — said on Monday it plans to return £500 million…
Scottish Government investment of £384 million will see the building of full fibre broadband connections begin in September 2021 to tens of thousands of rural…
A quarter of a million people in Scotland were setting up or running new businesses in 2020 despite the challenges of the pandemic, according to…
British consumers are currently facing a £371 billion savings shortfall when it comes to feeling able to withstand a financial shock, according to Yorkshire Building…
By Mark McSherry A manager of the Asia Pacific focused £410 million Aberdeen New Dawn Investment Trust plc has said that “capitalism is not dead in China”…
Global company shareholder dividends will rise in 2021 to $1.39 trillion — just 3% below their pre-pandemic peak — according to the latest Global Dividend Index…
The Scottish Government said on Friday it has agreed to work with the Scottish Green Party Parliamentary Group over the next five years. This agreement…
Venture capital (VC) investors continue to deploy record amounts of money into Scottish scaleup companies with more than £322.3 million raised in the first half…
The Scottish Government has formally launched the search for its next permanent secretary and is offering a salary of up between £162,500 and £180,000 a year…
Orbital Marine Power’s O2, the “world’s most powerful” tidal turbine, has started grid connected power generation at the European Marine Energy Centre (EMEC) in Orkney….
UK insurer and asset manager M&G said it has invested in two private companies at the forefront of carbon capture and storage technology — including…
Aberdeen-based global engineering group Wood plc said it has formed a partnership with insurance giant AIG and the University of Strathclyde’s Institute for Future Cities…
ScottishPower and Shell have joined forces with a bid to develop the world’s first large-scale floating offshore windfarms in the north-east of Scotland. The partnership…
The Aberdeen Standard European Logistics Income plc fund (ASLI) announced the acquisition of an urban logistics warehouse near Barcelona in Catalonia. “The purchase price of…
Wheatley Housing Group Limited — Scotland’s biggest social landlord — announced that its chief executive Martin Armstrong will step down next summer. “The board will begin…
The University of Dundee and its partner Central South University (CSU) have announced the launch of a new joint education institute in China called the…
The Eden Project said on Friday it has signed a memorandum of understanding with the owners of its preferred site for Eden Project Dundee and…
Work to lay new subsea cables to supply superfast broadband to 15 of Scotland’s most remote island communities will begin this Spring, the Scottish Government…
Global company stock dividends fell 12.2% to $1.255 trillion on a headline basis in 2020 after a relatively strong finish to the year, according to the Janus…
Aberdeen-based global engineering group Wood plc said on Tuesday it entered into a new agreement with Spirit Energy “to partner on the delivery of late…
A new report from the University of Strathclyde’s Fraser of Allander Institute has outlined the strength of Scotland’s pharmaceutical industry and its value to the Scottish…