Scottish Financial Review

The European Commission on Wednesday put forward a plan to borrow on the markets and then distribute €750 billion in grants and loans to EU…

The Eden Project said on Wednesday it will begin work on a feasibility study for a proposed new project in Dundee. “Eden is working with…

Edinburgh-based Frontier IP, a specialist in commercialising university intellectual property, said on Tuesday its portfolio company, AI-driven drug discovery firm Exscientia, raised $60 million through…

Perth-based energy giant SSE plc said on Tuesday it has urged the UK government to “stimulate investment in a world-leading electric vehicle charging network and bring…

Shares of Perth-based transport giant Stagecoach Group rose about 11% on Tuesday after the firm issued a stock exchange statement on its response to the UK…

Wheatley Group — Scotland’s biggest social landlord — said on Friday it has retained its A+ (stable outlook) rating from Standard & Poor’s Global Ratings (S&P). “The stable…

Shares of West of Shetland oil and gas explorer Hurricane Energy plc plunged almost 50% on Friday after it suspended its production forecasts. “Hurricane has…

About 50,000 of RBS-NatWest’s 65,000 staff have been told to continue working from home until at least the end of September. The decision was revealed…

The Scottish Government on Thursday published a “route map” setting out a phased approach to easing lockdown restrictions “while still suppressing coronavirus.” The route map…

The UK government on Wednesday sold a bond that pays a negative yield for the first time. The UK sold £3.8 billion of three-year gilts…

The Royal Bank of Scotland Group plc said on Wednesday it completed the pricing of its $1 billion in 3.073% senior callable fixed-to-fixed reset rate notes…

RBS-NatWest announced on Tuesday that David Lindberg will join the group as its new CEO, Retail Banking, from Westpac in Australia, where he is currently…

Ovo Energy on Tuesday announced proposals to cut 2,600 jobs across SSE Energy Services and Ovo “largely through voluntary redundancy over the course of 2020.”…

Celtic plc published a stock exchange trading statement on Monday afternoon following the announcement by the Scottish Premier Football League (SPFL) that the club has…

Global company dividends for 2020 could fall as much as 35% — almost $500 billion — according to the worst-case scenario in the latest Janus…

Shares of Glasgow-based Collagen Solutions rose another 15% on Monday after it published an update on its strategic review and formal sale process “and receipt…

Baillie Gifford’s James Anderson, co-manager of the £9 billion Scottish Mortgage Investment Trust, took a swipe at American investment guru Warren Buffett’s “value” investment style…

Baillie Gifford’s flagship fund, the Scottish Mortgage Investment Trust plc, has soared above a record £10 billion stock market valuation this week — with its…

Insolvencies “are probably inevitable” at some Scottish football clubs as a result of the coronavirus pandemic, according to the eighth annual Football Distress Report produced…

Shareholders of Standard Life Aberdeen have revolted against a proposal they feared could have allowed the Edinburgh-based fund management giant to replace annual general meetings…

Glasgow-based packaging firm Macfarlane Group said on Tuesday it expects demand levels in its second quarter to reduce to between 75% and 80% of those…

The UK government’s Coronavirus Job Retention Scheme will remain open until the end of October, Chancellor Rishi Sunak announced on Tuesday. Sunak said the furlough…

Edinburgh-based asset management giant Standard Life Aberdeen said on Tuesday its assets under management and administration at April 30 stood at £490 billion, with estimated…

PNC Financial Services Group announced late on Monday it intends to sell its 22.4% stake in BlackRock, the world’s largest asset manager. BlackRock manages about…

Private sector activity in Scotland fell at an unparalleled rate during April, according to the latest Royal Bank of Scotland Purchasing Managers’ Index (PMI). “Inflows…

Fidelity International CEO Anne Richards has said the UK asset management industry “has an opportunity to help find a solution” to the economic crisis caused…

The Scottish Government said on Friday a fund launched last week to provide grants for small and medium-sized businesses affected by the coronavirus crisis is…

Edinburgh-based fund management giant Baillie Gifford said on Friday its joint senior partner Charles Plowden will retire on April 30, 2021, after almost four decades…

Permanent staff appointments and temporary job placements across Scotland declined at the most marked rates on record in April amid the coronavirus pandemic, according to…

The UK’s central bank said on Thursday the UK could suffer its biggest economic slump for more than 300 years due to the coronavirus lockdown….

The Scotch Whisky Association (SWA) on Thursday called for governments on both sides of the Atlantic to eliminate the tariffs on spirits which are costing…

About one in three of Scotland’s workforce — around 900,000 people — face being furloughed or made unemployed this quarter, according to a new report…

Glasgow-based Virgin Money UK, owner of Clydesdale and Yorkshire banks, said on Wednesday its first-half underlying profit fell 58% amid an impairment charge of £232…

The Scottish Government on Wednesday announced a one-off £75 million increase in funding for Scotland’s universities “to ensure they can protect their world-leading research programmes”…

Scotmid Co-operative said on Tuesday its trading turnover rose £7 million to £385 million for the year ended January 25, 2020, and its trading profit…

The US Department of the Treasury said on Monday it expects to borrow a record $3 trillion in the second quarter of 2020 alone to…

Scotland’s universities warned on Monday they are facing £500 million of losses next year “based on a scenario which sees a 50% drop in international…

Glasgow-based Virgin Money UK, owner of Clydesdale and Yorkshire banks, on Monday announced board changes with insider David Bennett succeeding Jim Pettigrew as chairman and…

Murray Estates said on Friday the first phase of the West Edinburgh “Garden District” development just off the city’s by-pass has been approved by Scottish…

Royal Bank of Scotland Group said on Friday its operating profit before tax fell to £519 million in its first quarter, down from just over…

A £100 million package of additional grant support for small and medium sized businesses (SMEs) in Scotland and for newly self-employed people opens for applications…

Royal Bank of Scotland “will not be moving people out of Scotland” as a result of the recent decision to change its name to NatWest,…

Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, said in a Covid-19 update on Monday it has agreed an additional…

Glasgow-based global mining, oil and engineering giant Weir Group said on Tuesday its first quarter orders were 13% lower than the prior year “principally reflecting…

Wheatley Group — Scotland’s biggest social landlord — said on Tuesday it has drawn down £72 million of funding from the European Investment Bank (EIB)…

Powerful trade group Oil & Gas UK (OGUK), the representative body for the UK’s offshore oil and gas industry, warned on Tuesday that up to…

Investment trust Greencoat UK Wind plc (UKW) said on Monday it agreed to buy the South Kyle Wind Farm in the south of Scotland from…

Shares of Alva-based Omega Diagnostics Group rose another 60% on Monday after it said in a stock exchange statement it has “CE-Marked Mologic Ltd’s first generation…

Aberdeen-based bus and rail giant FirstGroup plc on Friday provided shareholders with further updates on its response to the Covid-19 pandemic. FirstGroup said its liquidity has…

Edinburgh-based asset management giant Standard Life Aberdeen has pulled out of the next World Economic Forum for the elites of global finance in Davos, Switzerland,…

New research by the University of Strathclyde’s Fraser of Allander Institute has reported that the Scottish Professional Football League (SPFL) contributes £214 million to the…