Scottish Financial Review

The £7.5 billion Lothian Pension Fund said on Friday it paid out £252.4 million to 31,500 pensioner members or their dependants in its 2019-2020 year….

Royal Bank of Scotland chairman Howard Davies on Friday urged the Bank of England, the UK’s central bank, to lift the current ban on bank…

Shares of Alva-based Omega Diagnostics Group rose as much as 11% on Thursday after it announced that its CE-Marked Mologic ELISA antibody test has been…

An independent expert group warned on Thursday that the UK’s proposed new immigration system could halve the number of people coming to Scotland — risking…

Some of Europe’s biggest stock exchanges on Wednesday returned a negative response to UK proposals to shorten the trading day, delivering a blow to the…

Scottish biotechnology company TC BioPharm (TCB) said on Wednesday it has submitted documents to UK regulators “to start safety trials on an experimental therapy designed…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Edinburgh-based Standard Life Assurance, announced changes to its executive committee on…

Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — said on Tuesday its core revenue rose 6%…

Edinburgh-based investment giant Standard Life Aberdeen plc said on Tuesday that group chief executive Keith Skeoch will step down and be succeeded by Scottish-born Citigroup…

Investment firm Quilter said it hired Bambos Hambi from Aberdeen Standard Investments to be chief executive officer of Quilter Investors. London-based Quilter manages investments of…

The UK said on Monday it plans to sell a record £275 billion of government debt between April and August to pay for the massive…

The FTSE 350 defined benefit (DB) pension solvency deficit increased by £45 billion to £210 billion over the first five months of the year, according…

BP said on Monday it agreed to sell its global petrochemicals business to Grangemouth refinery owner Ineos for up to $5 billion. “The agreed sale,…

Shares of Glasgow-based global mining, oil and engineering giant Weir Group rose 7% on Friday after it announced a “robust” trading update and agreed the…

Edinburgh-based airport services giant John Menzies plc said on Friday that its CEO Giles Wilson is to leave the group and become chief financial officer with…

Aberdeen Standard Investments (ASI) said on Thursday that top-rated fund manager Harry Nimmo is returning to co-manage its global small cap strategy. Nimmo stepped down…

The Association of Investment Companies (AIC) — which represents the investment trust industry — has recommended that companies should not have to prepare a prospectus for secondary issues of…

The Scottish economy could take until 2024 to fully recover the output it has lost during the coronavirus crisis, according to the latest Economic Commentary by the…

Royal Bank of Scotland-NatWest group is to cut almost a quarter of its investment banking staff in the United States, it emerged on Wednesday. RBS-NatWest…

Scotland’s First Minister Nicola Sturgeon on Wednesday announced provisional dates for the relaxation of travel restrictions and the restarting of the hospitality industry, among many…

The chief executive of the Scotch Whisky Association (SWA) has responded to news that the United States is considering new tariffs on exports from the…

Glasgow-based cloud computing firm Iomart Group plc said on Wednesday its revenue rose 9% to £112.6 million in the year to March 31, 2020, and…

Royal Bank of Scotland said on Tuesday it will allow business customers another six months to take advantage of incentives to switch their accounts to…

Glasgow-based Smart Metering Systems (SMS) on Tuesday confirmed its revised dividend policy, saying it will pay 25p per share for the year to December 31,…

Cumbernauld-based Irn-Bru maker A.G. Barr said late on Tuesday it received “notice of termination of its sale and distribution contract with Rockstar Inc.” PepsiCo Inc…

Tom Hunter, Scotland’s first ever billionaire, on Tuesday weighed in with a strong reaction to the report published by the Advisory Group on Economic Recovery led by…

Scotland’s schools will return full-time in August “if Scotland continues to make progress on suppressing coronavirus” said Deputy First Minister John Swinney on Tuesday. Swinney…

Industry body Scottish Financial Enterprise (SFE) said on Tuesday its chief executive Graeme Jones will retire at the end of this year after five years…

The Scottish Government should build its “professional capability” to manage the ownership stakes in private companies which are likely to arise out of the coronavirus…

A new report from EY reveals that Scotland increased its share of financial services foreign direct investment (FDI) in 2019 and secured Europe’s largest international…

UK finance minister Rishi Sunak on Monday appointed Nikhil Rathi, chief executive of London Stock Exchange plc, as the new chief executive of the UK’s…

Edinburgh-based life science venture firm Epidarex Capital said on Monday that it has closed its Epidarex Capital III UK LP fund at £102.1 million. “The…

Edinburgh BioQuarter said on Monday it has issued a prior information notice (PIN) in the Official Journal of the European Union (OJEU) to launch a…

Edinburgh-based global airport services giant John Menzies plc said on Monday its ground handling and fuelling activity in April and May 2020 was 75% lower than…

Alva-based Omega Diagnostics Group announced on Friday an £11 million fundraising “to further Covid-19 testing opportunities and scale up manufacturing.” In a stock exchange statement, Omega…

Swedish state-owned energy firm Vattenfall said on Friday it awarded Glasgow and Dingwall-based civil engineers RJ McLeod a £67 million contract to construct the South Kyle…

The debt of the UK government at the end of May 2020 was 100.9 % of gross domestic product (GDP), the first time that debt…

Aberdeen-based Wood plc, the global engineering and consulting company, said on Friday its order book at the end of May was $7 billion, down about 11%…

Perth-based Stagecoach Group plc said on Thursday it has agreed a covenant waiver with its lending banks. This followed news that Stagecoach lost a court…

Shares of Wetherby-based biotherapeutics company Avacta Group plc rose 12% on Thursday after the company published an update on its collaboration with the University of Glasgow…

The UK’s central bank, the Bank of England, on Thursday increased its bond-buying programme by another £100 billion to help the UK economy recover from…

Shares of Glasgow-based media firm STV Group plc fell 6% on Wednesday after it said it raised £16.2 million by selling new shares in the firm…

Shares of Perth-based renewable energy and electricity networks giant SSE plc rose 9% on Wednesday after it committed to building the largest onshore wind farm…

Scotland’s GDP is provisionally estimated to have fallen by 18.9% in real terms during April — after a 5% fall in March, the Scottish Government…

Edinburgh-based investment giant Standard Life Aberdeen said on Tuesday that Standard Life Investments (SLI) intends to sell up to £260 million of shares in HDFC…

The Scottish Government on Tuesday announced a £230 million Return to Work package “to help stimulate Scotland’s economy following the coronavirus (COVID-19) pandemic.” It said…

Falkirk-based global bus manufacturer Alexander Dennis Limited (ADL) said on Tuesday that its CEO Colin Robertson will be appointed to Canadian parent firm NFI’s board as…

Aberdeen-based Wood plc, the global engineering and consulting company, said on Tuesday it secured two solar engineering, procurement and construction (EPC) contracts from an American power…

Elgin-based Springfield Properties said on Monday that veteran Scottish investment banker Angus Grossart has spent £1 million to roughly double his shareholding in the firm….

BP plc said on Monday it plans to write off up to $17.5 billion from the value of its assets after cutting its long-term forecasts…

The UK’s Office for National Statistics said on Friday that UK gross domestic product (GDP) shrank by 20.4% in April in what was the first full…