Scottish Financial Review

Edinburgh-based investment group Abrdn has announced big changes to its senior leadership team — and a new senior leadership structure. Xavier Meyer has been appointed…

US defence and health technology giant Leidos has announced a partnership with the University of Edinburgh to advance AI and data science solutions. “The partnership will…

Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc said its loss before tax more than doubled to £1.3 million in the six months to September…

UK regulator Ofgem has given the green light to the Eastern Green Link 1 project — a 196km, high voltage, bi-directional subsea electricity cable between…

Amanda Young, former chief sustainability officer at Abrdn, has joined the Global Ethical Finance Initiative (GEFI) as a Senior Advisor. “Amanda brings invaluable experience in…

The University of Strathclyde’s former Student Union building on John Street, Glasgow, is to be transformed into a digital, entrepreneurial and social engagement hub, thanks…

Legal & General Assurance Society Limited said it has completed a £34 million buy-in with the Walkers Shortbread Limited Retirement Benefits Scheme, securing the benefits…

The UK government has announced it will introduce legislation next year to pool £1.3 trillion of pension savings into a series of “megafunds” as the new…

The £148.7 million Falkirk and Grangemouth Growth Deal has been signed by Scottish and UK Governments as well as Falkirk Council as part of a package…

Aegon UK has announced its “pivotal role” in the soon-to-be established British Growth Partnership, as highlighted by UK finance minister Rachel Reeves in her inaugural…

Shares of Aberdeen-headquartered FirstGroup rose as much as 6% after it announced an additional £50 million share buyback and raised its 2025 forecast slightly ahead of its…

Scottish law firm Blackadders LLP reported further growth in turnover and profit in its latest accounts as the firm positions itself to make the most of…

Scotch whisky Chivas Regal said it has been appointed Official Team Partner of the Scuderia Ferrari HP Formula 1 team in a new global multi-year…

Scottish Rugby published its 2023-24 Annual Report for the 13-month period to June 30, 2024, which saw “record” revenues of £73.9 million generated — but…

Long distance train operator CrossCountry, part of the Arriva group, has announced a new weekday service linking Scotland, England and Wales by one train for…

Germany-based AviAlliance has announced the acquisition of AGS Airports — owner of Glasgow, Aberdeen and Southampton Airports — from Ferrovial and Macquarie for an enterprise value of…

Lloyds Banking Group (LBG) — parent firm of Bank of Scotland, Scottish Widows and Halifax — will stop recognising the trade union membership of its…

The board of the £160 million Baillie Gifford China Growth Trust plc announced the introduction of a performance related conditional tender offer for 100% of its…

SSE plc, the Perth-based UK electricity infrastructure giant, said its adjusted profit before tax rose 26.4% to £714.5 million in the six months to September…

SSE plc, the Perth-based electricity infrastructure giant, said CEO Alistair Phillips-Davies has informed the board that he intends to retire from SSE during 2025 after more…

Scotland’s first all-female business angel syndicate, Investing Women Angels (IWA), and its sister organisation AccelerateHER, have launched a new initiative designed to attract more businesswomen…

Virgin Media O2 announced it has successfully built the UK’s first “Total Not Spot” site on South Uist in the Outer Hebrides, delivering reliable 4G…

Edinburgh-based investment group Abrdn is selling its Focus Solutions software business as the investment manager’s new CEO Jason Windsor looks to improve its performance, Reuters…

Legendary Scottish fund manager Colin McLean has confirmed that he will retire soon, two years after selling his SVM Asset Management business to Martin Gilbert’s AssetCo….

Royal London Asset Management (RLAM) has announced the appointment of Richard Saldanha, Francois de Bruin and Matt Kirby to its Equity Team, and the appointment…

UK Office for National Statistics (ONS) statistics for the July to September quarter show the unemployment rate in Scotland fell about 1.1% to around 3.3%,…

Social Security Scotland has published its Annual Report and Accounts, showing that it made £1.9 billion in payments to people in Scotland from April 1,…

KPMG’s new Senior Partner in Scotland, Vishal Chopra, has revealed a new-look senior leadership team. Chopra oversees a team of more than 900 people across KPMG’s…

By Mark McSherry The Scottish National Investment Bank (SNIB) said David Ritchie has been appointed to the new role of chief strategy officer at the bank…

Schroders, the UK’s largest standalone fund manager, has announced a new group executive committee (ExCo) as Richard Oldfield officially becomes group CEO, succeeding Peter Harrison. Eight…

Glasgow-based whisky, gin and rum company Edrington — owner of The Macallan, Highland Park and The Glenrothes — has announced the retirement of its chair Crawford Gillies…

Premier Inn parent firm Whitbread has agreed terms with Riverstone Hotels Ltd for a third Premier Inn at Edinburgh Airport. “The 200-bedroom hotel will grow…

London-based LearnPro Group, supported by Apiary Capital, announced the acquisition of Edinburgh-based software firm Infographics UK Ltd. Infographics’ clients include some of the world’s largest…

NatWest Group Plc — formerly called Royal Bank of Scotland — said on Monday it bought back another £1 billion of its shares from the UK…

By Mark McSherry Baillie Gifford’s flagship investment trust, the £13.5 billion Scottish Mortgage fund, said it cashed in some of its huge profits from the…

Scotland Food & Drink announced that former Diageo executive Pamela Scott will be its new chair. Food and drink is Scotland’s biggest employer and the…

The UK’s central bank cut interest rates on Thursday for only the second time since 2020 — but the Bank of England said future reductions are…

Shares of Aberdeen-based consulting and engineering giant Wood plc fell as much as 60% on Thursday after the firm said it agreed to commission an independent review…

The partnership between Abrdn and Italian renewable gas specialist Blu-H Energy S.r.l (BHE) acquired four additional operating biogas facilities in Italy in October. Earlier in…

US Treasuries fell sharply on Wednesday — with yields surging — as Donald Trump’s election victory led to an increase in bets on economic policy…

The Scottish Government said NHS consultant doctors across Scotland voted to accept a £124.9 million increase in their pay packages “ensuring their pay is competitive…

Stirling-based iGii, a 3D carbon nanostructure firm, said it has agreed a multi million pound deal with health monitoring company Prymexa to develop a toolkit that…

Phoenix Group Holdings plc, parent of Standard Life, announced the appointment of former Prudential plc executive Nic Nicandrou as its new group chief financial officer…

Center Parcs has announced a plan to create its first holiday village in Scotland. The proposed site is on land to the east of the…

Canada’s Juniper Group, an operating unit of Vela Software and Constellation Software, Inc,  announced the acquisition of Glasgow-based Traveltek, which it called “an innovative suite…

Shares of Schroders fell as much as 14% on Tuesday after the UK’s largest standalone fund manager reported worse-than-expected third quarter outflows and the imminent…

Perth-based electricity infrastructure giant SSE plc said it has launched a new £10 million hydro community benefit fund, aimed at supporting projects within areas that…

Aberdeen-based home improvement firm Bon Accord Glass has been acquired through a management buyout (MBO) as it marks 50 years in business. Directors Colin Kinghorn…

Heart of Midlothian said it generated turnover in excess of £20 million for the second year in a row in season 2023/24. But, following investments in…

Growth capital investors BGF said it has completed a successful exit from Edinburgh-headquartered costume seller AFG media. The exit was achieved through a company and…

Glasgow-based Zappaty, the secure file sharing, storage, and collaboration platform created for SMEs, announced the appointment of Stuart Montgomerie as Chief Strategy Officer and Advisor. Zappaty enables…

Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, said on Tuesday its order pipeline is “converting as expected” and it reiterated its 2024 full…

By Mark McSherry Scotland’s natural assets contribute more than £40 billion to the economy and support around 260,000 jobs, according to a new report called…

First Minister John Swinney has announced plans to expand the electric vehicle (EV) charging network across Ayrshire and the Glasgow City Region. A £6.3 million…

Equity funds suffered their worst month of outflows on record in October, according to the latest Fund Flow Index from Calastone, the largest global funds…

High Wycombe-based waste management firm Biffa said it completed its acquisition of Aberdeenshire-headquartered Keenan Recycling, the commercial food waste collections provider operating across Scotland, England and Wales….

Tesco announced it has completed the sale of Edinburgh-based Tesco Bank to Barclays and has commenced a long-term strategic partnership with the bank. Tesco also…

Bacardi has announced a major investment in the production sites of its Scotch portfolio that includes malt whiskies Aultmore, Aberfeldy, Royal Brackla, The Deveron and…

Perth-based electricity infrastructure giant SSE plc announced the appointment of a new independent non-executive director, Hixonia Nyasulu, who will join the board on January 1,…

Aberdeen engineering and consultancy giant Wood plc has been awarded a Front-End Engineering Design (FEED) contract for cleaner, increased fuel production at the Dung Quat Oil…

By Mark McSherry Scottish Financial Enterprise announced it will partner with The City of London Corporation to deliver a flagship summit in Edinburgh next year…