Scottish Financial Review

The recently-created South of Scotland Enterprise (SOSE) has announced that its permanent chief executive will be Jane Morrison-Ross, currently CEO of ScotlandIS, the organisation for…

Global dividends fell $55 billion or 11.4% to $329.8 billion in the third quarter of 2020 as companies cancelled and cut payouts during the coronavirus…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Edinburgh-based Standard Life Assurance, said on Tuesday it is assessing a sale of…

The Scottish National Investment Bank has officially opened for business with the completion of its first major investment — a £12.5 million vote of confidence…

Office investment in Edinburgh totalled £210 million between Q1 and Q3 of 2020, slightly ahead of the £205 million long term average for this period,…

Glasgow-based packaging firm Macfarlane Group on Thursday published an update on its trading for the period from June 30 to October 31, 2020. “The board…

Falkirk-based global bus manufacturer Alexander Dennis Limited (ADL) said it welcomed the UK Government’s Ten Point Plan for a Green Industrial Revolution “and the commitment to…

Aberdeen Standard Investments (ASI) has this week announced a number of key appointments in its funds invested in smaller companies. Abby Glennie has been appointed…

Port of Cromarty Firth in Invergordon has signed a Letter of Intent with Ideol, a global leader in floating foundations for offshore wind that is based in…

Shares of Perth-based energy and networks giant SSE plc rose almost 5% on Wednesday after it published half-year results showing progress on its £7.5 billion…

Alvance Aluminium, a member of Sanjeev Gupta’s GFG Alliance, has announced a new £94 million investment package “to secure Fort William’s future as a Greenaluminium…

Virgin Money UK said on Tuesday it has appointed Clifford Abrahams as its chief financial officer (CFO). It is expected Abrahams will join Virgin Money…

Shares of Edinburgh-based Craneware, a provider of software for the US healthcare market, rose about 12% on Tuesday after it published a trading update for…

Institutional shareholders will be clamping down further on executive pension perks “in a move to promote fairness and good employee relations” — according to the…

Shares of Glasgow-based temporary power giant Aggreko plc rose about 2% on Tuesday after it published a trading update for the nine months ended September…

Downing Street moved late on Monday to try and repair the damage done by UK Prime Minister Boris Johnson with his comments to Tory MPs…

Aberdeen-based global engineering group Wood plc said on Monday it has completed the sale of its joint venture interest in TransCanada Turbines to joint venture…

Perth-based bus and rail giant Stagecoach Group plc said on Monday it has agreed an extension to the period of time covered by waivers of…

Aviva said on Monday that with support from the Scottish Government it has launched one of the UK’s largest combined solar carports and energy storage…

Edinburgh-headquartered Menzies Aviation said on Monday it won a three year ground handling and cleaning contract with Scottish airline Loganair at both Glasgow and Edinburgh…

Perth-based energy giant SSE, Iberdrola’s ScottishPower and the UK’s National Grid have confirmed they are developing ambitious plans to deliver “an underwater super-highway that will see…

Edinburgh-based Sainsbury’s Bank has received an approach from NatWest-RBS for a potential takeover. The development comes a week after supermarket group Sainsbury’s said it received third-party…

Scottish Financial Enterprise (SFE) said Scotland exported £9.2 billion of financial and related professional services in 2019, up 7.7% from 2018, citing a new report from TheCityUK.SFE…

Shares of Alva-based Omega Diagnostics Group fell about 15% on Thursday amid reaction to a study published in the BMJ evaluating “the accuracy of the AbC-19TM Rapid Test…

Standard Life Aberdeen’s new CEO Stephen Bird is planning a big strategic shift for the active asset management giant by building a stable of passive…

Edinburgh-based investment giant Aberdeen Standard Investments (ASI) said on Thursday it has launched a range of sustainable index funds. “The sustainable index funds each track…

Petroineos said on Tuesday it plans to mothball nearly half of its 200,000 barrel-per-day refinery at Grangemouth due to a coronavirus-related drop in demand for…

The combined deficit of UK defined benefit pension schemes increased by £2.1 billion in October to £168.2 billion, according to new data from the Pension…

UK wealth manager Brewin Dolphin said on Tuesday that former Scottish Widows boss Toby Strauss will become its next chairman on February 5, 2021. Brewin…

UK pension fund trustees are involved in a major clash with fund managers over voting on vital ESG issues – with the UK government now…

Shares of Aberdeen-based bus and rail giant FirstGroup plc rose 15% on Monday amid news that it secured “enhanced financial flexibility from its lenders” and…

Scottish Widows is to divest at least £440 million from companies that have failed to meet its environmental, social and governance (ESG) standards. Widows warned…

October saw a renewed downturn in the Scottish private sector amid fresh restrictions to tackle the COVID-19 pandemic, according to the latest Royal Bank of…

Baillie Gifford’s high-flying Scottish Mortgage Investment Trust plc has published results for the six months to September 30, 2020, showing the £15 billion fund’s net asset…

Scottish Power has revealed it is planning to invest another £10 billion into the UK’s green recovery over the next five years. The company said…

The UK government and its central bank announced a fresh wave of co-ordinated economic stimulus on Thursday. The Bank of England increased its bond-buying programme…

Glasgow-based media firm STV Group plc said on Wednesday its advertising recovery is “ahead of expectations” but warned that its short-term outlook is “still uncertain due to…

TSB said it has launched a new partnership with Aviva’s Wealthify “which will make investment opportunities directly available to TSB’s five million customers.” TSB said…

Eight non-executive directors have been appointed to the board of the Scottish National Investment Bank ahead of its launch in the final quarter of 2020….

Plans to create hundreds of jobs with a £200 million development at Ravenscraig are to be submitted by family-owned logistics firm Russell Group this week. …

Shares of Glasgow-based global mining and engineering giant Weir Group edged 2% higher on Tuesday after it published a trading update for the third quarter ending…

Edinburgh-based investment giant Baillie Gifford continued its record-breaking year in the third quarter thanks to the strong performance of its funds. BlackRock and Baillie Gifford…

Employment in the Scottish video games development industry grew 17% between November 2018 and April 2020, according to new data from TIGA, the network for…

Edinburgh-based investment giant Standard Life Aberdeen plc confirmed that its new chief executive officer Stephen Bird bought 500,000 shares in the company at 217.59p for…

The Scottish Government has announced plans to commission a Scottish Centre of Expertise in Biodiversity as part of the new draft strategy for the environment,…

Edinburgh funds platform Nucleus Financial Group said on Monday it agreed to acquire the “UK business and assets of Genpact Wealth Management UK Limited (which operates…

Glasgow-based mining and engineering giant Weir Group announced on Monday that Srinivasan Venkatakrishnan and Ben Magara will join its board as non-executive directors on January 19, 2021….

Standard Life Aberdeen’s UK financial planning and advice business, 1825, has announced changes to its leadership team. 1825 has £5.4 billion of assets under administration…

Shares of NatWest rose about 6% on Friday after the bank surprised analysts with an unexpected return to profit in the third quarter. The bank…

More than £600 million has been raised for life science companies headquartered in Scotland over the last three years, according to Savills. The latest data…

UK property website Rightmove said on Thursday that Edinburgh has seen the biggest increase in “million pound streets” over the past five years. The number…