Scottish Financial Review

UPDATE 3 — Swiss Re announced on Thursday the suspension of its plans for a $4.1 billion initial public offering (IPO) of UK life insurance…

Buccleuch — one of Scotland’s biggest private landowners — announced on Thursday it is holding discussions with community bodies which have expressed an interest in…

The European Commission (EC) on Wednesday cut its euro area GDP growth and inflation forecast for next year as it warned the near-term outlook for the…

The UK’s Financial Reporting Council (FRC) on Wednesday delivered a scathing review of the UK’s seven largest accounting firms, saying “poor quality audit work remains…

Norway-based private equity fund HitecVision and Oman-based oil group Petrogas have joined forces to buy a portfolio of British North Sea oilfields for $635 million…

Mowi, the world’s largest salmon farming company, has offered to close two of its “contentious” Scottish salmon farm sites in return for permission to relocate…

Shares of The Scottish Salmon Company PLC (SSC) rose about 13% on Monday after it said it has received “several formal, non-binding expressions of interest…

The Institute of Directors Scotland announced on Monday that Malcolm Cannon has been appointed National Director for Scotland and will assume the role in September….

Shepherd and Wedderburn, the largest Scottish-headquartered UK law firm, said it achieved record financial results in its 250th year in the year to April 30,…

Scotland’s largest law firm Brodies LLP said its turnover rose 12% to £76.86 million for the financial year to April 30, 2019. Profits before partner…

Edinburgh-based investment giant Standard Life Aberdeen (SLA) on Monday announced the appointment of Noel Butwell as CEO of Standard Life Savings. Butwell’s responsibilities encompass Standard…

Scotland was the fastest-growing area of the UK for new business in June and joint third-strongest for output, according to the latest Royal Bank of…

Deutsche Bank said on Sunday it will scrap its global equities business and scale back its investment bank, a move that will cut about 18,000…

Saudi-based Arbah Capital has acquired the landmark Sauchiehall Building retail block in the city centre of Glasgow from US investment firm KKR for £60 million…

Shares of Edinburgh-based John Menzies plc, the global airport services firm, fell 12% on Friday after it warned in a trading update that earnings for…

The Women’s Tour of Scotland announced that Edinburgh investment giant Baillie Gifford will be its new lead partner as the list of teams that will…

The latest Scottish Chambers of Commerce (SCC) Quarterly Economic Indicator survey for Q2 of 2019 shows businesses in Scotland “are resilient and demonstrating their underlying…

European leaders have agreed on who should fill the top jobs for its main institutions after a marathon summit. France’s Christine Lagarde has been proposed…

Aberdeen Football Club said on Tuesday that shareholders who were present at its EGM voted unanimously to re-register as a private limited company. “When the…

The Scotch Whisky Association (SWA) on Tuesday urged the United States and European Union to end a trade dispute after Washington threatened tariffs on $4…

Hibernian FC announced on Tuesday that the majority shareholding in the club has passed from HFC Holdings Limited – owned by Tom Farmer and Rod…

More than £394 million is to be invested into the five local authority areas on both sides of the border between England and Scotland. The…

Shares of West of Shetland oil and gas explorer Hurricane Energy plc plummeted 19% on Monday after it said it had plugged and abandoned the…

1825, Standard Life’s financial planning and advice business, confirmed on Monday it agreed to acquire the wealth advisory unit of Grant Thornton UK LLP. The…

Shares of Edinburgh-based Craneware, a software firm that specializes in US healthcare, plummeted 35% on Friday after it said in a trading update that its sales in the…

Project Heather, the firm creating a new Scottish Stock Exchange based in Edinburgh’s Geoge Street, on Friday announced the appointments of two senior executives. Helen…

Apple said late on Thursday that Jony Ive, Apple’s chief design officer, will leave the company as an employee later this year to form an…

Aberdeenshire-based craft brewing firm BrewDog said it has been named the most valuable craft beer brand in the world and the 19th most valuable global beer…

US investment giant John Hancock is set to drop Edinburgh-based Aberdeen Standard Investments from its $925 million Global Absolute Return Strategy (Gars), according to a…

Barratt Developments plc announced on Thursday the acquisition of Selkirk-based Oregon Timber Frame Limited, one of the UK’s largest timber frame manufacturers. Oregon Timber Frame…

Glasgow City Council has secured £285 million in funding from Legal & General Investment Management (LGIM) to help pay for its historic equal pay settlement….

The Church of Scotland is seeking a CEO to implement “major changes to the governance and structures of the Church to ensure they are lean…

Glasgow Credit Union has marked its 30th anniversary by announcing that 2018 was a “phenomenal year” with record lending, a significant increase in membership and…

Stagecoach Group plc on Wednesday announced hanges to its board with deputy chairman Will Whitehorn planning to step down next year and non-executive director Jayne-Anne…

Glasgow-based banking group CYBG — owner of Virgin Money, Clydesdale Bank, Yorkshire Bank and digital brand B — on Wednesday announced three new appointments to…

Perth-based transport giant Stagecoach Group plc said on Wednesday it has “no intention to bid for new UK rail franchises” and will now focus on its…

Shares of Aberdeen-based engineering and oil services giant Wood plc rose on Wednesday after it published a strong pre-close trading statement for the six months to…

Scottish Rugby said on Wednesday that Tavish Scott, MSP for Shetland, will join Scottish Rugby in August in a newly created role of head of…

The average valuation of corporate finance deals in Scotland is on the rise, according to PwC, in spite of economic uncertainty which is expected to…

Aberdeen-based international bus and rail giant FirstGroup plc said on Tuesday its shareholders rejected proposals from New York activist hedge fund Coast Capital Management to…

A Korean investor has bought the iconic Bank of Scotland building at 110 St Vincent Street in Glasgow for £48.4 million in the largest office…

Audit Scotland has slammed an IT project that ran into difficulties and has cost Scotland’s public sector pension body millions of pounds and “significantly” set…

The Offshore Wind Industry Council (OWIC) said on Monday it is launching a £100 million, 10-year programme to support the growth of UK businesses “looking…

An investment of around £200 million by Edinburgh-based fund management giant Baillie Gifford in online ticketing firm Trainline has paid off immediately. Baillie Gifford committed…

Edinburgh-based fund manager Amati Global Investors has moved to reassure investors about its TB Amati UK Smaller Companies Fund following the closure of the high profile…

Scotch Whisky tourism saw record numbers of visitors in 2018, with more than two million visits to Scotch Whisky distilleries from tourists for the first…

UPDATE 3 — The UK’s Financial Conduct Authority (FCA) said on Friday it fined Bank of Scotland (BOS) £45.5 million for failures to disclose information…

Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — said its “core” revenue rose 9% to £679.8 million…

The Auditor General for Scotland has warned that the Scottish Government needs to show greater strategic leadership across the public sector to achieve its digital…

The Scottish economy grew for the ninth consecutive quarter, according to the latest GDP figures. The latest figures show the Scottish economy grew by 0.5%…

Glasgow-based banking group CYBG confirmed on Wednesday it will retire its 175-year-old Clydesdale and Yorkshire Bank brands and rename itself Virgin Money UK by the…