Scottish Financial Review

Scotland’s national digital skills academy CodeClan and specialist recruitment firm Eden Scott have formed a partnership to “deliver tech talent to Scotland plc.” The tie-up…

Stagecoach has announced the launch of what it called “the UKs first fully-electric city bus network” in Inverness. The Perth-based transport firm said it will…

Glasgow-based digital pharmacy Phlo has closed a £10 million Series A round led by family office Thairm Bio. The funds will be used to expand…

Buccleuch — one of Scotland’s biggest private landowners — announced it has concluded missives with Exeter-based Oxygen Conservation for the sale of 11,390 acres of the…

UK investors withdrew £25.7 billion from funds in 2022, the first annual outflow recorded by the Investment Association (IA). Investors took £282 million out of…

Edinburgh investment giant Abrdn said it has engaged with some of its largest mining holdings following “incidents of unacceptable work-place behaviours in the sector, including sexual…

Edinburgh-based oil and gas firm Capricorn Energy late on Wednesday confirmed six new board members, with Craig van der Laan appointed the firm’s new chair and…

Andrew Wilson, co-founder of the strategic communications consultancy Charlotte Street Partners, is to leave the company this month “to pursue new opportunities.” Wilson is a…

Glasgow-headquartered Virgin Money UK plc said its deposits grew 1.2% to £66.2 billion in its first quarter, with “strong growth in new term deposits at…

James Watt, CEO and co-founder of Aberdeenshire-based craft brewing firm BrewDog, has revealed in a LinkedIn post that he has been “diagnosed not only with…

Edinburgh investment giant Abrdn announced it has appointed Peter Branner as chief investment officer (CIO), effective May 1, 2023, reporting to Chris Demetriou and Rene…

Ahead of the Six Nations rugby starting this weekend, new data from social investing network eToro shows that the strongest XV Scotland-headquartered stocks have easily…

Members of LINC Scotland, the national business angel group, invested more than £50 million in young companies in Scotland for the first time in 2022….

Abrdn said it has launched a purpose-built student accommodation (PBSA) platform called MYS Student Living. “This is a natural evolution as Abrdn further expands its…

The £1.1 billion Abrdn Private Equity Opportunities Trust plc (APEO) said it showed growth in annual Net Asset Value (NAV) “in spite of the difficult…

Shares of A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers, rose as much as 5% after it published a…

The UK is the only Group of Seven nation to have suffered a cut to its 2023 economic growth outlook in the International Monetary Fund…

Brexit is costing the UK economy £100 billion a year, with the the effects spanning everything from business investment to the ability of companies to…

Cardiff-based Finsbury Food Group announced it has acquired 100% of the share capital of Coatbridge-based Lees Foods Limited, the maker of teacakes, snowballs and meringues,…

Dividends from UK listed firms rose 8% to £94.3 billion in 2022 on a headline basis, with growth held back by a one third decline…

London-listed companies issued 305 profit warnings in 2022, 50% higher than 2021, according to a report by consultancy firm EY-Parthenon. “Our latest data shows that…

Menzies Aviation and SAL Saudi Logistics Services said they have signed a Memorandum of Understanding to develop a comprehensive study on delivering best in class…

UK Prime Minister Rishi Sunak fired the UK Conservative Party chair Nadhim Zahawi from the UK government on Sunday after Sunak said an investigation into…

The Investor Forum, an influential group of big institutional investors, has warned that UK equities as an asset class will continue to diminish “unless companies,…

The airline Flybe has ceased trading for the second time in three years, cancelling all flights to and from the United Kingdom. A statement on…

A manager of the £510 million Abrdn UK Smaller Companies Trust plc has said that UK markets may be “closer to their low point than other…

The Port of Grangemouth, Scotland’s largest freight hub, said it has exported a bumper Scottish tattie season with 65,000 tonnes of seed potato exported around…

New data from financial mutual Scottish Friendly reveals that the number of new stocks and shares ISA policies opened by adults in Scotland fell 17%…

The expanded Port of Aberdeen said it will welcome a wide range of new cruise vessels to the city in 2023, which could boost the…

Glasgow-based Smart Metering Systems plc (SMS) announced that its results for 2022 are expected to be ahead of its previous expectations and that its full-year…

TSB has reported a record statutory profit before tax of £183.5 million for 2022, up 16.5% on 2021, and said it proposes to pay Spanish…

Edinburgh Airport has published its 2022 passenger traffic statistics, showing a strong recovery compared with both the previous year and its busiest year on record,…

A record breaking £705 million of venture capital (VC) was invested in some of Scotland’s most promising businesses last year, the largest amount on record,…

A Scottish Parliament committee has called for an expanded role for the Scottish National Investment Bank (SNIB) “to act as an interface between local government…

SSE Renewables has published a report that sets out the company’s plans to “better co-exist with fisheries when building and developing offshore wind energy.” The…

The UK’s Financial Conduct Authority (FCA) has alleged that three Glasgow-based money transfer firms fixed prices charged to customers in Glasgow for transferring money from…

The UK’s public sector borrowing (PSNB ex) in December 2022 was £27.4 billion, the highest December figure since monthly records began in January 1993, largely because…

Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), has announced a changer of leadership and a positive trading update for…

Edinburgh-based oil and gas firm Capricorn Energy announced that it has conceded victory to shareholder pressure with CEO Simon Thomson, chair Nicoletta Giadrossi and several directors…

Premium ice cream brand Mackie’s of Scotland has appointed a new managing director as it plans continued growth and development throughout the UK and abroad. Stuart Common,…

The £600 million Baillie Gifford US Growth Trust plc reported that the fund’s share price and net asset value (NAV) returned -4.6% and -2.1% respectively in…

Baillie Gifford’s £880 million Edinburgh Worldwide Investment Trust reported that the company’s net asset value (NAV) per share decreased by 40.3% and the share price by 46.0%…

Glasgow-based sausage skin and food collagen products firm Devro — which agreed in November to a takeover by German food manufacturing company Saria SE & Co…

SSE plc, the Perth-based electricity infrastructure giant, on Friday raised its annual earnings forecast and said it would invest any additional profit it makes into low-carbon electricity infrastructure….

Shares of Edinburgh-based Craneware, a provider of software for the US healthcare market, fell as much as 10% after it published a trading update saying…

The latest Scottish business survey by the Scottish Chambers of Commerce (SCC) shows Scottish firms and the economy “faltering under increasing cost pressures and declining…

Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, has reported that its gold concentrate shipments totalled 1,078 tonnes with a sales…

The Scotland and Northern Ireland team of the Business Growth Fund (BGF) has reported a “strong” year for 2022, delivering a series of successful exits…

Glasgow-based SB Drug Discovery announced that it has been acquired by Nottingham-based Sygnature Discovery, an integrated drug discovery firm. SB Drug Discovery said the transaction…

Hilltop Leaf, the company behind Scotland’s first medicinal cannabis cultivation and production facility, said it has raised £2 million from Traditum Private Equity and private…

Glasgow-based financial mutual firm Scottish Friendly has appointed Stephen Campbell as Chief Operating Officer (COO). Campbell has over 25 years of experience in financial services,…

University of Edinburgh spinout Blackford Analysis, a medical imaging Artificial Intelligence (AI) company, has announced its acquisition by global life science company Bayer. Spun out…

Hybrid working arrangements are now offered by 87% of employers in Scotland’s financial and professional services industry, up from 46% before the pandemic. That’s according to…

Glasgow-based fashion firm Quiz plc published a trading update for December 2022 showing total group sales in the month increased 11% year on year to…

M&G plc, the international saving and investment business, announced the appointment of Joseph Pinto as its next chief executive officer of M&G Asset Management. Pinto…

Scottish Widows announced it is bolstering its pensions and savings leadership team with the appointment of Carolyn Jones as retirement director. Jones will join Scottish…

Scotland’s estimated employment rate — the proportion of people aged 16-64 in work — was at a record high of 76.1% in the September to November…

Heart of Midlothian Football Club chair Ann Budge is to retire as non-executive director of Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc. Calnex announced the…

The North Sea Transition Authority (NSTA) said 115 applications have been received for the UK’s 33rd offshore oil and gas licensing round. The bids are…

The Scottish Government announced that former DC Thomson Publishing CEO Ellis Watson has been appointed as Chief Business Advisor to First Minister Nicola Sturgeon. The…

Edinburgh-based upmarket home builder Cala Group, currently owned by Legal & General, announced its revenue rose 9% to £1.36 billion in the year to December 31, 2022. Cala…