Scottish Financial Review

Insurance firm Markerstudy Group has announced the appointment of Scottish corporate veteran Benny Higgins as its chairman. Markerstudy said the appointment concludes a busy first…

Scotland’s economy returned to growth during March, according to the latest IHS Markit-Royal Bank of Scotland Purchasing Managers’ Index (PMI) report. The seasonally adjusted headline…

Norwegian energy firm Equinor and Perth-based networks giant SSE plc have agreed a plan to jointly develop the world’s first 100% hydrogen-fuelled power plant in…

Norwegian green energy firm Nel ASA said on Friday it has entered into a framework agreement with Aberdeen-based global consulting and engineering giant Wood plc to…

Hiring activity across Scotland rose “markedly” during March, according to the latest Royal Bank of Scotland Report on Jobs. The Scottish job market enjoyed its…

Shares of Glasgow-based DeepMatter Group plc, the AIM-listed company focusing on digitizing chemistry, rose about 15% on Wednesday after it announced another collaboration with the University…

Shares of Glasgow-based cloud data centre operator Iomart Group plc fell as much as 10% on Wednesday after it published a trading statement for the year…

A report published on Wednesday by Oxford Economics, commissioned by The Hunter Foundation, argues that radical and ambitious policy changes are required if Scotland’s economic…

Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial markets trading, said late on Tuesday it intends to conduct a fundraising to raise gross…

Celtic plc said on Tuesday that its next CEO Dominic McKay will leave Scottish Rugby earlier than expected on April 16 “following a successful handover”…

Falkirk-based global bus manufacturer Alexander Dennis Limited (ADL) has announced that Berliner Verkehrsbetriebe (BVG) has exercised options for 198 Enviro500 double deck buses to be delivered to…

The volume of home sales in Edinburgh in the first three months of 2021 was up 72.6% compared to the previous year, according to the…

Investment platform AJ Bell has welcomed the return of dividends from UK companies with the news that the number of London-listed firms that made or…

Aberdeen-based global engineering group Wood plc said it has been appointed by Luxcara GmbH as “owner’s engineer” on its Önusberget wind farm development in Sweden’s…

Glasgow-based packaging firm Macfarlane Group announced it acquired Carters Packaging (Cornwall) Limited, the owner of Carters Packaging Limited. “Carters is a well-established business, based in Redruth, Cornwall,…

Perth-based energy and networks giant SSE plc said on Thursday it agreed to sell its contracting business SSEC — which has 1,900 employees — to investment firm…

The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies was £80 billion at the end of March 2021,…

Principal Global Investors has hired Åsa Norrie from Aberdeen Standard Investments (ASI) to be its European regional chief executive officer and head of distribution. Principal manages…

Shares of Scotgold Resources Limited fell about 20% on Wednesday after it published a stock exchange update on production delays at its Cononish Gold &…

The Scottish Government said on Wednesday that statistics produced by Scotland’s Chief Statistician show the approximate sales value of oil and gas produced in Scotland is…

Falkirk-based global bus manufacturer Alexander Dennis Limited (ADL) and partner BYD UK said on Wednesday their electric bus partnership received an order from Aberdeen-based First Bus…

Perth-based energy and networks giant SSE plc said on Tuesday it is “progressing options for divestment of all its equity stake” in Scotland Gas Networks…

Cumbernauld-based Irn-Bru maker A.G. Barr said on Tuesday its revenue fell 11.2% to £227 million in the year to January 24 and statutory profit before…

Edinburgh-based international oil and gas company Cairn Energy confirmed on Tuesday that the Government of India has appealed a tribunal’s decision to award the Scottish firm…

Newcastle-based Fairstone Financial Management has announced the acquisition of Glasgow based financial adviser Chartermarque, securing gross fee income of £1 million together with funds under…

Edinburgh-based investment giant Baillie Gifford has toppled London-based Schroders from the number one position in the prestigious annual rankings of UK fund management brands by Broadridge. Schroders…

Dividend payouts from investment trust companies rose 4.2% or £87 million in 2020 to a record £1.88 billion, despite UK company dividends on the whole…

London-listed investment vehicle AssetCo plc said on Friday that Scottish fund management veteran Martin Gilbert will become its chairman as it changes its business strategy “to…

Shares of Perth-based transport giant Stagecoach rose about 7% on Friday after it published a trading update. Stagecoach said governments in England, Scotland and Wales…

Edinburgh-based ready meals firm Parsley Box said on Friday it will have a stock market capitalisation of £83.8 million on admission to the AIM market…

Baillie Gifford’s Schiehallion Fund is targeting a $500 million-plus raise through a C-share issue. The fund is dedicated to making investments in “later stage private businesses…

Perth-based transport company Stagecoach group said on Thursday it was “disappointed and surprised” that Greater Manchester mayor Andy Burnham chose “to push ahead” with bus franchising…

Edinburgh-based asset management giant Aberdeen Standard Investments (ASI) has joined a list of major institutional investors to shun Deliveroo’s initial public offering (IPO) next month…

Richard Meddings has announced his intention to step down as chairman of TSB Bank plc following Spanish parent firm Banco Sabadell’s decision that no sale process…

The UK government said on Wednesday it reached an agreement called the North Sea Transition Deal with the oil and gas industry that will help support 40,000 jobs…

Celtic plc principal shareholder Dermot Desmond has announced that his shares in the company “are not for sale” in an exclusive interview with the official…

Edinburgh funds platform Nucleus Financial Group — which last month agreed to be taken over — said on Tuesday its assets under administration increased 7.9% year-on-year…

UPDATE 3 — The UK’s Food and Drink Federation (FDF) said that exports of food and drink from the UK to the European Union plunged…

The Scottish Government said the project which saw it provide £1.13 billion — with local authorities contributing £665 million — to build 117 new schools in…

Two of Scotland’s most successful entrepreneurs, Paddy Burns and Chris van der Kuyl, have launched Chroma Ventures — a new investment arm for their portfolio…

The UK’s National Audit Office (NAO) has revealed that benefits paid out by the UK’s four largest pay-as-you-go public service pension schemes — the “unfunded”…

The Office for National Statistics (ONS) said on Friday the UK Government’s borrowing is estimated to have been £19.1 billion in February 2021, £17.6 billion more than…

NatWest Group, formerly known as Royal Bank of Scotland, said on Friday it will buy back 590.7 million of its shares for £1.1 billion from the…

Edinburgh-based investment giant Baillie Gifford said on Friday that star fund manager James Anderson will leave the firm on April 30, 2022, after nearly four…

Royal London Asset Management (RLAM), which manages assets of £148 billion, has announced the appointment of Hans Georgeson as it chief executive officer. Georgeson will…

The Association of Investment Companies (AIC) announced that its CEO Ian Sayers has decided to step down later this year. The AIC represents the UK’s closed-end…

Glasgow-based mobile power giant Aggreko plc — which has recommended shareholders accept a £2.32 billion takeover offer from a newly formed company owned by funds managed…

The Scottish Government said more than 500 new jobs are to be created as part of plans to establish a global health research, development and…

The Borderlands Inclusive Growth Deal was formally signed on Thursday — bringing up to £452 million of fresh investment to the Borderlands area of Scotland…

A £100 million investment in Orkney, Shetland and the Outer Hebrides has been agreed as representatives of the UK and Scottish governments joined the leaders of…

Aberdeen-based North Star Renewables has been awarded contracts worth an estimated £270 million to deliver three service operation vessels (SOVs) to be used on what…