Scottish Financial Review

Shareholders of the £1.1 billion Baillie Gifford US Growth Trust plc have rejected a third attempt by New York hedge fund Saba Capital to replace…

NatWest-RBS said on Friday it looks forward to “seeing the detail” in the newly announced plan by the UK government’s finance minister John Healey to…

Lloyds Banking Group plc (LBG) — current owner of Bank of Scotland and Scottish Widows — has announced board changes following a “new ring-fencing governance…

The £630 million Aberdeen Asia Focus investment trust said it delivered a net asset value (NAV) total return of 22.3% and a share price total…

London Stock Exchange Group plc (LSEG) confirmed it agreed to acquire Octus, a provider of credit intelligence, data and workflows, for $3.535 billion in cash…

IP Group plc, which invests in breakthrough science and technology companies, has reported that investment in UK university spinouts reached £1.56 billion in the first…

Ashtead Technology, the Aberdeen-based subsea technology solutions provider, said on Wednesday it agreed to a cash takeover by New York-based private equity firm Ember Infrastructure…

Growth capital investor BGF said it has completed a multi-million-pound investment in Edinburgh-based engineering consultancy Harley Haddow, which has a strong UK-wide reputation in the…

The Scottish National Investment Bank (SNIB) — Scotland’s development bank — has appointed former Virgin Money executive Graeme Sands to its newly created chief portfolio…

Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, announced the appointment of former Caterpillar executive Marc Cameron as President of its Minerals Division….

Edinburgh-headquartered investment giant Aberdeen Group said in a third-quarter update on Wednesday its assets under management and administration (AUMA) rose 4% to £578.9 billion “reflecting…

The UK government on Wednesday finally approved the Jackdaw North Sea gas field 250 kilometres east of Aberdeen, ending years of legal and political wrangling….

NatWest-RBS could face a backlash from members of trade union Unite over the banking group’s new plan to require its staff to attend the office…

Almost 500 skilled offshore wind jobs will be supported across north-east Scotland and throughout the UK after SSE appointed Aberdeen-based Seaway7, part of the Subsea7…

The CEO of ScottishPower’s transmission business SP Energy Networks has welcomed the launch of a new industry plan that sets out “how the biggest grid…

A strong majority of closed-end investment trusts with open-end “sister funds” have outperformed those funds over the past 10 years, according to research by the…

Royal Bank of Scotland, part of NatWest Group, on Monday announced the appointment of Robert Begbie as Executive Chair, Scotland, and Senior Advisor, Commercial &…

Glasgow-based Beeks Financial Cloud Group plc, a connectivity provider for financial markets, on Monday published an update on first-quarter “commercial momentum and forthcoming product launches”…

Edinburgh-headquartered NatWest-RBS has withdrawn its markets securities business from the Federal Reserve Bank of New York’s list of primary bond dealers as the firm pulls…

Aberdeen-headquartered Ithaca Energy said its CEO Luciano Vasques has informed the board of his intention to retire from the company by March 31, 2027. “The…

The Scottish Government’s Innovation Minister Alyn Smith has confirmed a £10 million investment to develop two Defence Technical Excellence Colleges (DTECs) for Scotland. “Plans are…

Fixed link transport infrastructure including bridges and tunnels has the potential to deliver “transformative” benefits for Scotland’s island communities, according to a new report published…

The G20 Finance Ministers and Central Bank Governors’ Meeting on July 8 and 9, 2027, will be held at the Edinburgh International Conference Centre (EICC)….

A Singapore-based investment partnership for up to £200 million is being established to bring Southeast Asian and UK investment together to help tackle the shortage…

Glasgow-based technology business and contact centre provider SVL Business Solutions has been acquired by FourNet, the Manchester-headquartered customer experience firm backed by Palatine Private Equity. Founded as…

Greenridge Investment Management has acquired the Bridgewater Shopping Centre in Erskine, near Glasgow, from Broadlands for around £21 million, on behalf of the Greenridge Opportunity…

A new paper from Aberdeen Investments has found that investor interest in sustainability is stronger than headline industry data suggests. “Governance, transparency and business standards are…

Private sector staffing levels across Scotland rose for a fourth consecutive month in September, according to the latest Royal Bank of Scotland Growth Tracker. The…

Royal Bank of Scotland has announced a £520,000 investment in its Edinburgh West End branch on Princes Street and has promised “no further branch closures…

Glasgow-based medtech firm Nami Surgical said it has secured £3.4 million as part of a funding round extension led by £2 million from the Scottish…

Port of Aberdeen has reported another record cruise season — with visitor numbers up 26% on 2025 to 54,000 and bookings now extending to 2033….

Scottish businesses are reporting their most positive assessment of the economy since June 2023, according to the latest quarterly Understanding Business survey of more than 500…

The £1.1 billion Baillie Gifford US Growth Trust plc said the three prominent independent governance and voting experts — Glass Lewis, ISS and PIRC —…

Standard Life plc announced that Siobhan Boylan, the group shareholder nominated non-executive director nominated by Aberdeen Group plc, will cease to be on the board…

GE Aerospace has announced a £30 million investment to expand and modernise its Prestwick site in Scotland, “strengthening capacity and operational flow to better support…

The first auction ever to take place at The Macallan Estate on Speyside has achieved sales of £3.3 million — including one bottle, The Macallan…

A £35 million Centre for Advanced Brewing and Distilling (CABD) at Heriot-Watt University in the Riccarton area of west Edinburgh could generate an additional £53.4…

The Scottish Government said the results from the June Agricultural Census 2026 have been published and they show that 66,100 people worked on agricultural holdings…

The Scotch Whisky Association (SWA), Irish Whiskey Association and Welsh Whisky Association have released a joint statement following an appeal lodged by the SWA in…

The chair of the £1.1 billion Baillie Gifford US Growth Trust plc has written to the UK government’s Secretary of State for Scotland Douglas Alexander…

A refreshed National Plan for Industrial Biotechnology, prepared by the Industrial Biotechnology Innovation Centre (IBioIC) on behalf of Scottish Enterprise, has been launched by Alyn…

The Scottish Professional Football League (SPFL) group distributed nearly £50 million to member clubs in the last year as it nears its landmark target, its…

Royal Bank of Scotland and NatWest Group have published a new report on the mid-market businesses of Scotland and the UK that finds these companies…

Edinburgh-based RoslinCT, a global cell therapy Contract Development and Manufacturing Organization (CDMO), said it has been awarded a Research & Development grant from Scottish Enterprise…

Edinburgh investment giant Aberdeen Group confirmed on Thursday morning that it sold 52 million ordinary shares in Standard Life plc, representing 5.2% of Standard Life’s…

Edinburgh investment giant Aberdeen Group late on Wednesday announced the proposed sale of 52 million ordinary shares of its shareholding in Standard Life plc, representing…

The Scottish Government said a new trade envoy has been appointed to promote Scotland’s interests in the United Arab Emirates (UAE). Dubai-based Ronnie Graham is…

Almost 100 seafood and aquaculture projects are to share in more than £16 million of Scottish Government funding, supporting an estimated 122 jobs in coastal…

Blackford, Perthshire-based natural source water producer Highland Spring Group said its 2025 revenue rose 10.2% to £163.4 million and profit before tax soared 70% to…

The annual financial statements of Edinburgh fund manager Walter Scott & Partners reveal its assets under management — discretionary and advisory — fell 19% to…

Glasgow-based Scottish Friendly, which said in February it will merge with Brighton-based OneFamily, announced the completion of its acquisition of pension and annuity in-payment books of…

Social Investment Scotland (SIS) has launched a £3.5 million fund for smaller businesses across West of Scotland. The pilot phase of the scheme opens applications…

Reform of business rates comes top of the list of priorities for Scottish businesses ahead of the Scottish Government Budget, according to the latest Scottish…

Royal Bank of Scotland announced that it will roll out its successful She Scales initiative throughout all of its Accelerator hubs across the UK. She…

Edinburgh-based Aegon Asset Management, which manages and advises on £336 billion of assets, has appointed Iain McGowan as Partnership Director. In a new role for…

Scottish biotech company MiAlgae has secured a £2.5m investment from the Scottish National Investment Bank to support the company’s new commercial-scale production facility in Grangemouth….

Aberdeen-headquartered Ithaca Energy Plc has agreed to acquire a portfolio of “conventional offshore oil assets” located in shallow waters off the East Coast of Newfoundland…

Peter Mathieson has announced that he decided earlier this year that he will not seek a third term as Principal and Vice-Chancellor of the University…

The South of Scotland Regional Transformational Opportunities report has identified 202 potential investment projects across Dumfries and Galloway and the Scottish Borders with a combined…

Scottish salmon farmers have launched a landmark trade mission to India as they target a new export market worth up to £130 million over the…

Strike action by over 100 Unite union members at Diageo’s Cameronbridge distillery in Fife will escalate “in response to management reiterating its threat to force…