Scottish Financial Review

Edinburgh-based investment giant Standard Life Aberdeen plc said on Wednesday it sold a £374 million stake in India’s HDFC Life Insurance Company Limited. The sale…

The Scottish and Welsh Governments have raised serious concerns about the impact of a “no-deal” Brexit on the hugely successful Europe-wide international student exchange program…

Shares of Edinburgh-based aviation servicing company John Menzies fell 3% on Tuesday after the firm reported a first-half loss and said it was affected by…

Royal London said its assets under management (AUM) hit a record of £130 billion in the first half of the year “due to market growth…

Assets in UK investment trusts have exceeded £200 billion for the first time, reaching a record £200.3 billion on July 31, 2019, according to the…

Dundee entrepreneur Tim Allan has been named as the new chair of the board of V&A Dundee. Allan succeeds Lesley Knox, the founding chair of…

The private sector economy in Scotland approached stagnation in July, growing only fractionally, according to the latest Royal Bank of Scotland PMI report. “Order books…

Perth-based energy giant SSE plc has confirmed it is in talks with Ovo Group about the potential sale of its energy retail arm which serves…

Troubled East Kilbride-based Goals Soccer Centres plc confirmed on Monday that “actions undertaken” by former CFO Bill Gow and former CEO Keith Rogers “form part…

New figures from HMRC show that overseas sales of Scottish salmon rose 25% to £319 million in the first half of 2019 compared to the…

Royal Bank of Scotland (RBS) has selected Alison Rose as its next chief executive — an appointment which would make her the first woman to…

The UK economy shrank for the first time since 2012 in the second quarter of 2019 as manufacturing and construction both slumped. Production output fell…

Scottish Rugby said it is now in its best net cash position for more than 25 years after its 2018-2019 annual report showed it achieved…

Stewart Milne Homes has become the sixth housebuilder to get involved in the Shawfair new town project south east of Edinburgh after its developers concluded the…

Ongoing lack of supply of houses and high demand in Edinburgh, the Lothians, Fife and the Borders will likely continue driving up selling prices, making…

Permanent job openings in Scotland rose further in July — but the rate of growth eased for the fourth month running and was the joint-weakest…

Edinburgh-based investment giant Standard Life Aberdeen plc (SLA) said on Wednesday its assets under management and administration rose 5% to £577.5 billion in the first half…

Research conducted by engineers and chemists from the University of Glasgow and the University of Strathclyde has helped develop an artificial “tongue” which can taste…

Buccleuch — one of Scotland’s biggest private landowners — on Tuesday published group financial statements for the year ending October 31, 2018, showing group turnover of…

Forth Ports confirmed on Tuesday that — in partnership with Direct Rail Services (DRS) and Eddie Stobart — the freight rail service which provides a…

Shares of Edinburgh-based international oil and gas company Cairn Energy rose about 3% on Tuesday after it said it entered into a farm-out agreement for the…

Outgoing Royal Bank of Scotland chief executive Ross McEwan has said RBS would move its headquarters to London if Scotland becomes independent because the bank…

A new poll published on Monday showed Scottish voters would back independence and they want another referendum in the next two years. Asked how they…

Former Scottish Enterprise CEO Lena Wilson has joined recently-listed foreign exchange firm Argentex Group as its senior independent director and chair of its nominations committee….

HSBC chief executive officer John Flint is to leave the group after just 18 months in the CEO role. Analysts speculated that Flint’s departure was…

Veteran Scottish investment banker and business executive Robert Smith, Lord Smith of Kelvin, has been appointed chair of the board at Scottish Enterprise.  Smith, 75, is…

Troubled East Kilbride-based Goals Soccer Centres plc said on Friday it expects its shares to be delisted from London’s AIM market next month after an…

UPDATE 3 — Royal Bank of Scotland on Friday announced a £1.7 billion dividend, of which more than £1 billion will go to the UK…

The Bank of England (BoE), the UK’s central bank, cut its growth forecasts on Thursday amid increased Brexit concerns and a slowing global economy. However…

Central banks around the world bought a record $15.7 billion of gold in the first six months of 2019. Central banks have increased gold reserves…

Deliveroo said it acquired Edinburgh-based software design and development firm Cultivate to create a tech hub in Edinburgh, Deliveroo’s first UK tech office outside of…

London Stock Exchange Group plc (LSEG) said on Thursday it agreed to buy financial information firm Refinitiv in an all-share $27 billion deal that would…

Glasgow-based sausage skin and collagen products firm Devro said on Wednesday its first-half profit before tax rose 25% to £13.6 million despite revenue slipping to £119.2 million…

Glasgow-based Smart Metering Systems (SMS) said on Wednesday it installed 156,000 domestic smart meters in the first half of 2019, taking the group’s domestic smart portfolio…

Shares of Glasgow-based banking group CYBG — owner of Clydesdale Bank, Yorkshire Bank and Virgin Money — fell 11% on Tuesday after it said its net…

UPDATE 2 — Shares of Glasgow-based engineering and mining giant Weir Group fell almost 6% on Tuesday after it said its first-half oil and gas orders fell…

Shares of Glasgow-based Aggreko, the world’s largest temporary power firm, rose 6% on Tuesday after it said its profit before tax edged 2% higher to £60 million…

Royal Bank of Scotland (RBS), Barclays, JP Morgan, UBS and Citigroup are being sued by investors over allegations they rigged the global foreign exchange market,…

ScotlandIS, the organisation for the digital technologies industry in Scotland, has appointed Jane Morrison-Ross as its new chief executive officer. The digital technologies industry is…

Shares in Mike Ashley’s Sports Direct fell by as much as 27% on Monday morning following the chaos that surrounded the retailer’s delayed annual results…

Claire Reid has been named PwC’s first female leader in Scotland, replacing Lindsay Gardiner who is stepping down from the role after seven years. Gardiner…

Glasgow-based banking group CYBG — owner of Clydesdale Bank, Yorkshire Bank, Virgin Money and digital brand B — promised shareholders on Friday it would be…

Edinburgh-based funds platform Nucleus Financial Group on Friday gave an update on its assets under administration (AUA) for the three months to June 30, 2019.  Nucleus…

The new CEO of TSB — currently owned by Spain’s Banco Sabadell — said on Friday TSB has “begun a new chapter” as it announced…

Scotch whisky giant Diageo said on Thursday it approved plans to return up to £4.5 billion to shareholders over financial years 2020-2022. For the year…

BrewDog’s “CEO of beer” — former Red Bull UK MD Andy Shaw — has left the Aberdeenshire craft brewing firm just five months after joining…

Dundee-based investment firm Alliance Trust, which appointed external asset managers Willis Towers Watson (WTW) in 2017, said on Thursday its total shareholder return (TSR) was 16.8%…

Standard Life Aberdeen plc (SLA) on Wednesday announced details of its settlement with Lloyds Banking Group (LBG) and Scottish Widows in relation to arbitration proceedings…

Royal Bank of Scotland has approached Ian Stuart, the boss of HSBC’s UK operation, about possibly becoming its next chief executive, according to a report…

Martin Gilbert is to step down from the board of Edinburgh-based investment giant Standard Life Aberdeen to take up the role of chairman at digital…

Lloyds Banking‎ Group is to pay about £140 million to Standard Life Aberdeen to settle a legal fight over the future of a £100 billion…