Scottish Financial Review

Aberdeen-based oil and gas services giant Wood Group has been awarded a two year contract extension with TAQA in the North Sea. Under the contract,…

Perth-based energy giant SSE said it closed a deal to transfer its 80% ownership stake in the Machrihanish-based Wind Towers Scotland (WTS) factory to CS Wind,…

Growth in Scotland slowed during the first quarter of this year, according to the first Royal Bank of Scotland Business Monitor. The research for the monitor,…

Scotland’s digital technologies industry enjoyed strong growth in 2015 and confidence remains high for the year ahead, according to new research by trade body ScotlandIS. But…

Royal London said on Thursday its 2015 operating profit rose 11% to £244 million, lifted by a steep rise in new business. The UK’s largest mutual life, pensions and…

A study by BiGGAR Economics has found that Edinburgh Airport contributes nearly £1 billion to the Scottish economy every year and supports more than 23,000 jobs. The…

Royal Bank of Scotland announced plans on Wednesday to buy back £5.2 billion pounds ($7.5 billion) worth of bonds to lower its interest payments and meet regulatory…

The European Investment Bank (EIB) said it has agreed to provide £500 million to support a major expansion of the electricity transmission network in the north…

MJ Boyd Consulting, a Manhattan-based recruitment firm owned and run by Scots, has become one of the leading boutique recruitment firms for the financial sector in…

Scottish investment writing, copywriting and marketing communications company Copylab is to expand internationally by opening an office in Boston, Massachusetts to serve the asset management industry in…

Ineos has announced that a second manufacturing unit at its Grangemouth KG ethylene plant has been brought back to life eight years after being mothballed. Ineos said it…

Edinburgh-based investment and insurance giant Standard Life has appointed former American Express and McKinsey executive Lan Tu as its strategy director. She will report directly to…

Plans to redevelop the John Brown shipyard in Clydebank and create a new “civic heart” for the area have been given the go ahead by West Dunbartonshire…

Salmon farming and seafood company Marine Harvest Scotland has chosen the Altanavaig quarry at Kyleakin on Skye as its preferred site for a new £80 million fish feed plant…

The Bank of England’s Financial Policy Committee (FPC) has warned that “heightened and prolonged uncertainty” over the June 23 EU referendum “could lead to a…

Cumbernauld-based Irn Bru maker A.G. Barr on Tuesday unveiled the moves it is making to protect its profits following UK finance minister George Osborne’s announcement of a proposed…

Royal Dutch Shell is considering the sale of some of its North Sea operations following its £35 billion takeover of rival oil and gas producer BG Group. Shell has…

Aberdeen Asset Management chief executive Martin Gilbert told Reuters in an interview he plans to remain in the top job for at least five more years…

Perth-based energy giant SSE has warned it may face increased risk to its investment outlook if the EU referendum results in “a prolonged period of…

A BDO survey of independent Scottish legal firms found 69% of respondents believe there are still too many law firms and lawyers in Scotland —…

The Scottish Government has granted consent for the construction and operation of a gas fired combined heat and power (CHP) plant at BP Kinneil Terminal in…

Dublin-based renewable energy firm NTR said it secured a £44.9 million debt facility with Royal Bank of Scotland for its 27 megawatt Quixwood Moor wind farm in East Berwickshire, Scotland….

Global banking and financial services giant HSBC Holdings said it appointed former Standard Life chief executive David Nish, 55, to its board as an independent non-executive…

UK Culture Minister Ed Vaizey has placed a temporary export bar on a two-part bronze seal commissioned by Robert the Bruce, King of Scotland, to…

The incomes of commercial farms in Scotland are estimated to have halved over the four years to 2014, according to the Scottish Government. Estimates from…

The SNP Scottish Government has said that if re-elected in May it would not to follow UK Chancellor George Osborne’s plans to increase the threshold…

Edinburgh-based investment, pensions and insurance group Standard Life is to hold its annual general meeting outside of Scotland for the first time in its history. This year’s Standard…

Royal Bank of Scotland said on Tuesday it reached a milestone in its plan to resume dividends to shareholders when it repaid a final £1.193 billion to the UK Treasury to…

Inverness and the wider Highland region is to benefit from a £315 million “City Deal” investment package over 10 years to improve the area’s infrastructure including transport and…

Regional newspaper publisher Johnston Press, owner of The Scotsman and the Yorkshire Post, said on Tuesday its adjusted profit before tax rose 22.6% to £31.5 million in…

Edinburgh-based fantasy sports operator FanDuel will stop taking bets in the state of New York as part of a settlement reached with the Attorney General Eric Schneiderman “on certain aspects…

The UK and Scottish governments have agreed to carry out further work aiming to cut train journeys between London and the Central Belt of Scotland to three hours or…

Standard Life’s financial planning business 1825 said on Monday it agreed to acquire financial advisory firm Munro Partnership Limited, which has offices in Ayr, Hamilton and Glasgow and has…

Falkirk Council has unveiled plans to create a new, environmentally friendly urban quarter at the eastern entrance to Falkirk under its multi-million pound Tax Incremental Finance…

Leaving the EU would cause a serious shock to the UK economy with a potential cost to gross domestic product (GDP) of £100 billion and a…

The Scottish Government has announced that Gaelic broadcaster MG ALBA will receive an additional £1 million of investment this year. Minister for Scotland’s Languages Alasdair…

A draft pay deal has been reached between the union for Scotland’s further education lecturers and Colleges Scotland that should end a threatened series of strikes…

First Minister Nicola Sturgeon announced that former chair of RBS Scotland, Ken Barclay, will lead the Scottish Government’s review of business rates. Sturgeon also committed to retaining…

Virgin Trains on Friday unveiled its new “Azuma” train for the East Coast route that it said will slice up to 22 minutes off East Coast rail travel and…

The Harburnhead wind farm development south of West Calder has secured £70 million of funding from Barclays and Bank of Tokyo-Mitsubishi UFJ to deliver the final…

The UK Government’s extra £5 million of funding for the new V&A Dundee will contribute towards the capital costs of the museum’s building and for programmes that extend the reach…

Further education lecturers at colleges across Scotland went on strike on Thursday as a campaign by union EIS “for fair pay and pay equality” in Scotland’s colleges escalated….

Edinburgh-based airport logistics and news distribution company John Menzies — under shareholder pressure to split into two companies — has appointed corporate dealmaker Paul Baines as a non-executive director….

Oil & Gas UK and the Scotch Whisky Association, representing two of Scotland’s most important industries, both welcomed moves on taxation by UK finance minister George…

Shares of Cumbernauld-based Irn Bru maker A.G. Barr fell as much as 5% on Wednesday after UK finance minister George Osborne announced a new sugar…

Abertay University in Dundee said it has been named as the only European institution among the world’s leading universities for studying game design for the second year…

Two sets of statistics published on Wednesday gave details on the level of public and private sector employment in Scotland and on the number of…

Scotland’s unemployment rate rose by 0.5% to 6.1% — up by 16,000 to 171,000 — in the three months to January 31, according to the Office for National…

The Scottish Government on Wednesday hailed a “new dawn” for radical land reform as the Land Reform (Scotland) Bill passed the final stage of the parliamentary process…

Standard Life’s financial planning business 1825 said on Tuesday it agreed to acquire Norwich-based independent financial advisers Almary Green, which has assets under advice of around £400 million….

Infrastructure projects worth almost £6 billion will be under construction throughout Scotland during 2016, and more Scottish employers than before are winning public contracts, the Scottish Government said. Holyrood is…

Budget airline easyJet said it would expect to increase its flights to and from Scotland by around 30% if the Scottish Government cut Air Passenger Duty (APD)…

The new V&A Museum of Design Dundee is to be the official UK representative at the XXI Milan Design Triennale, which opens in April and is expected…

Edinburgh-based oil and gas explorer Cairn Energy said on Tuesday it has added 20% to its resource estimate for its oilfield off the coast of Senegal…

Edinburgh-based Miller Homes said its 2015 revenue rose 29% to £500 million and profit before tax soared 91% to £62 million as low interest rates, improving mortgage availability…

A new company has been created to maximise the commercial impact of the University of Edinburgh’s pioneering animal science research. The company, Roslin Technologies Ltd, has been…

Scottish Borders Council said 200 new jobs will be created in the region as part of a £92 million digital services contract it has awarded to global…

Perth-based energy giant SSE said on Monday it agreed to sell 49.9% of its current Clyde Wind Farm in South Lanarkshire to pension fund investors Greencoat UK Wind (UKW)…

Members of the Unite union who work at the Port of Grangemouth are set to go on strike for two weeks from midnight on Monday…

The Scottish Government and the country’s enterprise agencies have announced a new “Global Scotland Trade and Investment Strategy 2016-2021” that will focus on “new regional export…

Edinburgh and Glasgow airports both reported their busiest February on record as international flight traffic in and out of Scotland’s central belt continues to rise. Edinburgh Airport said 770,265…

Aberdeen’s commercial property sector is facing a “perfect storm” as incentives for occupiers in the city hit record levels, according to the latest Aberdeen Office Market Activity…

Prominent Scottish business advisor Blair Nimmo has been promoted to UK Head of Restructuring at KPMG following the departure of Mark Firmin. Nimmo was previously head of…

Scottish Woodlands Ltd, which is 80 per cent employee-owned, said it made pre-tax profits of more than £1.3 million on turnover of £69.5 million in the year…

Rural Affairs Secretary Richard Lochhead will chair a Holyrood summit of leading figures on Tuesday to address the challenges facing Scotland’s dairy industry. Representatives from the Scottish Government,…

Scotland could soon have a permanent TV and film studio based at the Cumbernauld facility used for Sony’s award-winning historical drama Outlander, culture secretary Fiona Hyslop…

Shares of Edinburgh-based oil and gas company Cairn Energy rose at least 9% on Wednesday after it announced the successful testing of its SNE-3 appraisal well offshore Senegal. …

Scotland had a deficit of £14.9 billion — 9.7 per% of gross domestic product (GDP) — in the financial year 2014-15, compared to a deficit for the…

First Minister Nicola Sturgeon said the Scottish Government will use up to £200 million of “national funds” to provide cash support for farmers and crofters while their…

Angel investor group Investing Women wants to increase the ratio of Scotland’s female angel investors from an estimated one in 20 to the US level of one…