Scotland Financial News

Paul McCartney is a billionaire Beatle

According to a stock exchange notice on Friday (10 May), Elliott's stake has been reduced to below 5%. The sale took place on Wednesday (8 May), the same day Scottish Mortgage bought back £313m of its shares, the largest one-day purchase by a UK investment company on record. In March this year, SMT revealed it would make at least £1bn available over the next two years for the purposes of buybacks. Commercial director Stewart Heggie said Wednesday's buyback «should be seen in the context of that announcement».  «The board and managers remain resolutely committed to facilitating trading...

AFP, the event, sparked by a series of coronal mass ejections (CMEs) – eruptions of plasma and magnetic fields from the Sun – began around 1600 GMT, as reported by the National Oceanic and Atmospheric Administration (NOAA)'s Space Weather Prediction Center. This phenomenon captivated skywatchers and posed potential risks to satellite systems and power grids, with concerns about disruptions lingering into the weekend.

solar storm is set to bring the mesmerizing Northern Lights to both the United States and the United Kingdom. Forecasted by agencies, this event offers one of the best opportunities of the year to witness the aurora borealis in the Northern Hemisphere. Solar Storm Sparks Aurora Borealis

In a shareholder update today (7 May), the former FTSE 250 trust said that it had been advised by the lender that «their objective is for repayment of the loan balance in the short term». This is despite the board and investment adviser AEW's efforts to «engage proactively and constructively» with the company and servicing interest payments in full as they fall, the trust said. Home REIT has been forced to sell more than a third of its portfolio at hefty discounts since August 2023 to repay its debts and improve cashflows. Since the sales began, a total of £79.9m of debt has been repa...

A former head of the Scottish National Party is expected to be Scotland's next leader

replace First Minister Humza Yousaf as the leader of the party. The SNP has been in turmoil since long-serving First Minister Nicola Sturgeon abruptly stepped down last year during a campaign finance investigation that eventually led to criminal charges against her husband. Swinney, 60, who joined the party at age 15, will try to bring stability to the SNP as it fights efforts by opponents to weaken it going into U.K.-wide parliamentary elections expected later this year.

India were on Sunday placed in Group A alongside defending champions Australia, New Zealand, Pakistan in the Women's T20 World Cup, which will be held in Bangladesh from October 3-20 this year. With all their group matches scheduled to be played at Sylhet, India will open their campaign against New Zealand on October 4 and face off against arch-rivals Pakistan on October 6 as the ICC announced the schedule for the ninth edition of the Women's T20 WC. India's next assignment will be against yet-to-be-identified Qualifier 1 team on October 9 while their clash against six-time world champions Australia will be on October 13. «Each side will play four group matches at the tournament, with the top two teams from each group progressing to the cut-throat semi-finals on 17 and 18 October ahead of the Final in Dhaka on 20 October,» the ICC posted on its website.

Still Walking, Shoplifters) shows us the same events from several perspectives—Minato’s, his friend Yori’s, and the teacher’s. The result is a tragic, moving and complex film. The film premiered at the Cannes Film Festival last year, where it won Best Screenplay.

Odesa has left at least five individuals dead and more than 30 wounded, as confirmed by Ukrainian authorities, CNN reported. A video footage, released by Ukraine's Prosecutor General, captures the harrowing moment when numerous bomblets erupted in quick succession near the seafront, unleashing chaos and devastation.

Outlander have been eagerly awaiting news of the show's eighth season. While a specific release date has not been announced, recent updates from the cast and crew have provided some insight into what fans can expect. Outlander Season 8

Humza Yousaf has stepped down from his roles as leader of the Scottish National Party (SNP) and Scotland's first minister, marking a significant development in Scottish politics, Al Jazeera reported. Yousaf's resignation follows the recent dissolution of the SNP's coalition with the Scottish Greens, a decision that sparked two no-confidence motions from opposition parties, putting Yousaf's leadership in jeopardy.

Older Americans are fueling a sustained boost to the U.S. economy

₹100-crore club today. As per industry tracker Sacnilk's estimates, the Ali Abbas Zafar directorial minted ₹58.54 crore net during its fifteen-day run in theatres. On Thursday, April 25, the film raked in ₹84 lakh net.

₹15.65 crore net. Ali Abbas Zafar directorial film managed to amass ₹80 lakh net on Day 13, Tuesday, of its release, as per film industry tracker Sacnilk estimates. This marks a drop of 5.88 percent in its collection from the day before, April 22, when the film registered ₹85 lakh net.

Karnataka Milk Federation, the state-owned dairy cooperative federation with brand name 'Nandini', will sponsor Scotland and Ireland cricket teams in the 2024 T20 World Cup — a move which has come under criticism in some quarters. «Yes, we are sponsoring them. They are going to display our brand during the matches,» KMF Managing Director M K Jagadish told PTI on Sunday. He said the decision was taken to make Nandini a global brand. «We already have stores in the Middle East. Our presence is in Singapore as well. We are selling our sweets in America,» Jagadish explained. Information technology industry veteran and former Chief Financial Officer of Infosys T V Mohandas Pai criticised the move. In a post on 'X', he said: «What a big shame!Why are they using the money belonging to the farmers of Karnataka, paid by consumers who are kannadigas, to sponsor foreign teams? What value will it deliver? Pay poor farmers better. @siddaramaiah @DKShivakumar this is a waste for a largely Karnataka based co/op!»

PTI, Singh was arrested in London in April 2019 at the request of the US. He was later extradited to the US in March 2023.

₹51.2 crore net during its nine-day run in theatres, according to Sacnilk. As per the latest estimates, the film has crossed ₹80 crore mark at the worldwide box office. The movie was released in theatres on April 11 while its premier shows debuted on April 10.

The deceased, along with their friends studying at Scotland's Dundee University and pursuing Master's degree, were on a hiking trip in the tourist spot. An official from the Indian High Commission in London informed that the bodies of the two students were found downstream.

The £14bn trust began buying the stock in April and has amassed a stake in the business accounting for roughly 1% of SMT's total assets, around £140m. The sale will be reflected in the company's April factsheet, and while it is not initially entering the top ten holdings, Ben James, portfolio director for SMT, told Investment Week it will be «a significant position in Scottish Mortgage for a while». He said that while he could not pre-empt the final allocation or investment decisions made by the managers, «there will be opportunities to add to it, because it is a cyclical industry». ...

Meanwhile, 'Outlander' season 6 is all set to be released on Netflix for viewers in the US.