Scottish Financial Review

Edinburgh-based investment giant Abrdn confirmed it has made a decision to move out of its 6 St Andrew Square office in central Edinburgh in stages…

A director of Scottish Mortgage Investment Trust, Baillie Gifford’s flagship fund, has told Scottish Financial Review he was “removed” from the board of the £13.4…

The deadline by which Apollo Global Management is required to announce a firm intention to make a takeover offer for John Wood Group, the Aberdeen-based…

Overseas exports of Scottish food and drink reached the highest figure on record in 2022, new statistics from HMRC show. Scotland’s overseas food and drink…

West of Shetland oil and gas explorer Hurricane Energy said it agreed to be bought by London-based oil refining firm Prax Exploration & Production in a…

Abrdn’s Pan European Residential Property Fund (aPER) has completed the purchase of Roselawn, a multifamily/build-to-rent scheme in the South Dublin suburb of Blackrock, for €70 million….

The UK Debt Management Office (DMO) said it is planning to sell £241 billion of gilts in the current financial year — more than the £233 billion…

British finance minister Jeremy Hunt set out his budget on Wednesday in an effort to pull the UK economy out of its run of stagnant…

The Scotch Whisky Association (SWA) has slammed the decision by the UK Chancellor to raise duty on Scotch Whisky by 10.1% in one of the…

The board of Abrdn Latin American Income Fund Limited announced that proposals will be put forward for the company to be placed into “summary winding…

The 2021-22 audit of Ferguson Marine Port Glasgow (Holdings) Limited has highlighted “doubts over ferries’ costs, the future of Ferguson Marine shipyard and unacceptable bonus…

NatWest Group — formerly called RBS — said it is “increasing customer protection against crypto-criminals” after £329 million was lost by consumers last year. NatWest…

John Wood Group, the Aberdeen-based global engineering and consulting giant, announced on Tuesday it has completed the sale of its offshore labour supply operations in…

Glasgow-based Smart Metering Systems plc (SMS) reported that its 2022 revenue rose 25% to £135.5 million and underlying profit before taxation was up 34% to…

Scotland’s official unemployment rate fell to a record low of 3.1% between November and January, according to new figures from the UK’s Office for National Statistics…

Global financial shares lost about $465 billion in stock market value in two days as investors cut exposure to lenders following Silicon Valley Bank’s collapse,…

A Survation poll carried out for the Scotch Whisky Association (SWA) shows that a third of voters are less likely to support the Conservatives if…

The Scottish private sector registered the first rise in private sector activity for seven months in February, according to the latest Royal Bank of Scotland…

Phoenix Group Holdings plc, the closed life and pension fund consolidator that owns the “old” Standard Life Assurance, said it expects to benefit from further…

Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, announced the resignation of Michelle Motion as chief financial officer and a…

As HSBC Holdings plc announced that its UK ring-fenced subsidiary HSBC UK Bank plc will acquire Silicon Valley Bank UK Limited (SVB UK) for £1,…

HSBC Holdings plc announced that its UK ring-fenced subsidiary HSBC UK Bank plc is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1. The…

The UK government said on Sunday it is “working at pace on a solution to avoid or minimise damage to some of our most promising…

Aberdeen-headquartered transport giant FirstGroup plc said recent First Bus passenger volumes have increased to 83% of 2020 equivalent levels, with commercial and concessionary volumes at…

The number of Atlantic salmon caught by rod in the River Tweed catchment rose by more than 800 last year, despite extremely low water levels…

Alliance Trust plc, the £3.1 billion Dundee investment trust company which uses external fund managers Willis Towers Watson (WTW), announced that its 2022 total shareholder return…

Edinburgh-based investment giant Abrdn plc announced that, in line with succession planning announced on December 23, 2022, chief financial officer Stephanie Bruce “has agreed with…

Trade body Salmon Scotland has said Scotland’s fish farms have delivered a £3.3 billion boost to the country’s economy over the last decade. Over the…

Alba, the new Scottish bank dedicated to small and medium sized business lending, said it has been granted a banking licence by the UK Prudential…

Royal London said its 2022 operating profit before tax increased 58% to £210 million as adverse market impacts on its asset management revenues “were more…

Bank of Scotland plc — owned by Lloyds Banking Group — has reported that its 2022 statutory profit before tax fell to £1.137 billion from…

Hawick-based Emtelle Group said it has signed an agreement to build and establish one of the world’s largest factories for the manufacture of fibre optic ducting and…

Glasgow-based media firm STV Group plc said its 2022 revenue fell 5% to £137.8 million “as a result of marginally lower TAR (total advertising revenue) and timing…

Shares of Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc fell about 33% after it published a “strong” update on the company’s trading performance for the…

Investment into Scottish commercial property reached £2.088 billion in 2022, down from £2.2 billion in 2021 following a quiet third and fourth quarter, according to the latest…

John Wood Group, the Aberdeen-based global engineering and consulting giant, said on Tuesday it received a fourth takeover proposal from private equity firm Apollo Global Management…

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…

Edinburgh-based Craneware, a provider of software for the US healthcare market, said its revenues for the six months ended December 31, 2022, increased 6% to $84.7 million…

Macfarlane Group, the Glasgow-based packaging, design and distribution firm, announced the acquisition of A.E. Sutton Limited, trading as Suttons Performance Packaging, a specialist protective packaging…

Martin Gilbert’s fast-growing asset manager AssetCo said it agreed to acquire Ocean Dial Asset Management Limited from Avendus Capital Asset Management (UK) Limited for £4.125 million…

Scotland will need to “carefully manage” the decline in its massive oil and gas industry alongside the growth of the new low carbon sector to…

Equinor UK Limited said it has signed an agreement to acquire Suncor Energy UK Limited for $850 million. The transaction includes a non-operated interest in…

The average selling price of residential property across Edinburgh, Lothians, Fife and the Borders rose 2.2% year-on-year to £277,326 in the December 2022-February 2023 quarter,…

Abrdn’s £1.8 billion Murray International Trust reported that its net asset value (NAV) posted a total return of +8.8% for 2022 compared with a total return for…

Thurso-based AMTE Power, a developer of lithium-ion and sodium-ion battery cells for specialist markets, announced the delivery of its first Ultra Prime cells to its customer…

Scottish Engineering’s first quarterly report of 2023 has confirmed eight consecutive quarters of order and output growth, a continuous run beaten only once since the…

Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, announced it has has secured outline planning consent to create a sustainable new…

Wealth manager Adam & Company has announced an expanded leadership team with two new roles as it relaunches the 40-year-old brand from new offices on…

Aberdeen-headquartered transport giant FirstGroup plc announced that it has committed an additional investment of £35 million to the electrification of its bus fleet and infrastructure….

NatureScot, Scotland’s nature agency, announced that it is partnering in a private finance investment pilot that could mobilise £2 billion in “landscape scale” restoration of…

The Pensions Management Institute (PMI) announced it has appointed Scottish Widows as its “insight partner” to share its expertise on Master Trusts within the industry…

The Edinburgh city centre office rental market enjoyed an “extremely strong” fourth quarter of 2022, with take-up amounting to 256,648 square feet in Q4, an…

Shares of Glasgow-based global engineering and mining giant Weir Group rose about 7% on Wednesday after it reported that 2022 revenue rose 28% to £2.472 billion and…

Scotland’s local authorities made debt repayments of £553 million in 2021-22, and had total debt of £20.5 billion at March 31, 2022. That’s according to…

Abrdn plc said it has agreed to sell Abrdn Capital, its discretionary fund management (DFM) business, to Liechtenstein-based private bank LGT for about £140 million….

Edinburgh investment giant Abrd reported IFRS loss before tax of £615 million for the year ended December 31, compared to a £1.1 billion profit in…

Beeks Financial Cloud Group plc, the Glasgow-based cloud computing and connectivity provider for financial markets, said its revenues increased 35% to £10.40 million in the…

Edinburgh-based oil and gas firm Capricorn Energy, where shareholders recently ousted the executive leadership and terminated a planned merger, on Monday published an update on…

Edinburgh-based DirectID, a fintech specializing in credit risk, risk analytics and predictive modelling using bank transaction data, announced that Ingka Investments has made a €9…

Assured Guaranty UK Limited (AGUK) announced that it has guaranteed principal and interest payments on a £210 million private placement issued by City Property Glasgow…

Macfarlane Group, the Glasgow-based packaging, design and distribution firm, said its revenue from continuing operations grew 10% in 2022 to £290.4 million while profit before…