Scottish Financial Review

Standard Life, part of Phoenix Group, said it has concluded the transition of over £1.6 billion of assets from the Siemens Investor Plan, following a…

2i Testing, the Edinburgh-based quality assurance and software testing consultancy, said it has secured eight-figure funding from London-based private equity firm Rockpool Investments as it aims…

Shares of Macfarlane Group, the Glasgow-based packaging, design and distribution firm, fell as much as 10% after it published an AGM trading update covering 2024…

Savills has reported that Central Scotland continues to see the strongest market activity in UK forestry transactions. However, the total value of the UK forestry investment…

Scotch whisky and drinks giant Diageo plc announced that Nik Jhangiani will join the company as chief financial officer (CFO), taking up the position and joining…

Aberdeen-based ROVOP, a global supplier of remotely operated vehicles (ROV) services to the energy sector, announced that it has been acquired by Louisiana-based Chouest. ROVOP…

The UK Infrastructure Bank (UKIB) has announced a £25 million direct equity investment into Invinity Energy Systems plc, a manufacturer of vanadium flow batteries to…

A new report from the Institute for Government think tank has warned that whoever wins the UK general election should “launch a one-year spending round” within…

Beeks Financial Cloud Group plc, the Glasgow-based cloud computing and connectivity provider for financial markets, has announced a big push in the Asia-Pacific region with the hiring…

KPMG has released its first ever report on the state of the Scottish Economy, predicting “slow but steady growth” over the next two years. The…

Glasgow media firm STV Group plc announced that its CEO Simon Pitts will leave the company on November 1, 2024. STV had revealed in March that…

Aberdeen-based engineering and consulting giant John Wood Group plc has been awarded a new decarbonisation contract by TotalEnergies (TEPUK) to support flare gas recovery in the…

Elgin-based house builder Springfield Properties plc announced that it has signed a new contract worth £10.1 million with Moray Council for the delivery of affordable…

The Scottish National Investment Bank (SNIB) and the UK Infrastructure Bank (UKIB) said they have signed a Memorandum of Understanding (MOU) “that cements their close working…

Financial mutual firm Scottish Friendly said it has appointed John McGuigan as its new chair, as well as announcing two new non-executive directors. McGuigan also…

Energy giant Drax said it will invest £80 million in a major refurbishment of its iconic “Hollow Mountain” Cruachan pumped storage hydro power station near…

EIE24, the investment event for the technology entrepreneurial ecosystem, returns to Edinburgh on Tuesday after a two-year break. Taking place over two days, EIE24 will…

Royal London Asset Management announced the restructuring of its global equity team with immediate effect following the resignation of head of equities Peter Rutter and…

Edinburgh-based investment giant Abrdn has completed the sale of its £7.4 billion-asset European headquartered private equity business to Nasdaq-listed Patria Investments for up to £100 million….

Glasgow-based Nebu-Flow said it has secured an additional $5.9 million of investment to accelerate the next generation of inhaled drugs for patients with respiratory disorders. The…

Scotland’s First Minister Humza Yousaf has announced that he will stand down as soon as a successor has been elected. Speaking at a news conference at…

London’s Financial Times, owned by Nikkei Inc of Japan, has announced a “strategic partnership and licensing agreement” with ChatGPT owner OpenAI. The FT said the…

Aberdeen-based global engineering and consulting giant John Wood Group plc said it has appointed Jennifer Richmond as chief strategy officer (CSO). Richmond joined Wood in 2022 as…

Sweden-based bank Handelsbanken has appointed Kevin Hulse as its first Corporate Manager – Business Development for Edinburgh. This is a first for the 150-year-old bank, which…

Shares of NatWest Group plc — formerly called Royal Bank of Scotland — rose as much as 6% after the company published first-quarter results showing…

Aberdeen-based global engineering and consulting giant John Wood Group plc said it has been awarded a contract by Antofagasta Minerals S.A (AMSA) for its Nueva Centinela copper…

Financial mutual Scottish Friendly has reported record sales of £51.1 million annual premium equivalent (APE) for 2023, up from £47.7 million in 2022 . Assets…

Mutual fund giant Franklin Templeton is launching a “Catholic principles” exchange traded fund (ETF) which aims to provide exposure to large and mid-cap stocks of…

First Minister Humza Yousaf confirmed on Thursday that the Scottish Government’s formal co-operation agreement with the Scottish Green Party has ended. The Scottish Conservatives said…

Savings balances grew 17% in the last 12 months to a record £490 million at Scottish Building Society, the world’s oldest remaining mutual. The organisation’s…

London-based asset management giant Schroders plc announced that Peter Harrison, 57, has signalled his intention to retire as group CEO next year, after a decade…

Italian energy firm Eni S.p.A. announced that it has reached an agreement to merge “substantially all” of its upstream assets in the UK with Aberdeen-headquartered Ithaca…

Edinburgh-based investment giant Abrdn said its first-quarter assets under management and administration (AUMA) rose 3.7% to £507.7 billion at March 31, 2024. Abrdn said its performance benefited…

NatWest chair Rick Haythornthwaite said on Tuesday the British government’s plans to sell its remaining stake in NatWest — the bank formerly known as Royal…

The latest KPMG Private Enterprise Venture Pulse report reveals that 19 firms in Scotland shared £98 million in venture capital (VC) investment in the opening…

The Scottish National Investment Bank said it has committed a further £20 million to the Mid-Market Rent (MMR) strategy (New Avenue Living) managed by Thriving…

Funding platform Ferovinum and The Borders Distillery Company Limited in Hawick have agreed a £35 million funding package to support the distillery for the next…

UK central government borrowing in the financial year ending March 2024 was provisionally estimated at £120.7 billion, £7.6 billion less than in the same 12-month…

Aberdeen-based global engineering and consulting giant John Wood Group plc announced that Catherine Michel will join Wood’s board as a non-executive director on May 10, 2024, following…

The Chartered Institute for Securities & Investment (CISI) announced that Jonathan Gibson and Shaid Moughal are the new co-presidents for the CISI Scotland committee. They…

More than one million faster broadband connections have been delivered to homes and businesses across Scotland amid £1 billion of publicly-driven investment, the Scottish Government…

The British Business Bank’s Investment Fund for Scotland has agreed £5 million of deals to support the growth of small businesses just six months since…

Growth capital investors BGF (Business Growth Fund) has announced a £2.5 million follow-on investment in Edinburgh-based Hyble, a provider of marketing technology to the global…

Alliance Trust plc, the £3.9 billion Dundee-headquartered fund, announced that its external investment manager Willis Tower Watson (WTW) has appointed a new stock picker for…

Eva Cairns has joined Scottish Widows as Head of Responsible Investments and Stewardship. Cairns joins Scottish Widows after 13 years with Abrdn, where most recently…

Scottish businesses want any future UK government to tackle labour and skills shortages, reduce UK business taxes and invest more in infrastructure, according to the latest Addleshaw…

Forres-based spaceflight company Orbex said it has raised £16.7 million from six backers in an update to its Series C funding round. Orbex has headquarters and production facilities…

Edinburgh-based oil and gas firm Capricorn Energy announced that Craig van der Laan, its non-executive chair since February 2023, has decided not to stand for re-election…

RenewableUK, the Offshore Wind Industry Council, The Crown Estate and Crown Estate Scotland have published a detailed Industrial Growth Plan (IGP) setting out “how to…

New York-based Global Infrastructure Partners (GIP) announced that it has entered into a binding agreement to sell a 50.01% stake in Edinburgh Airport to France’s Vinci…

Scotland’s leading organisation for building resilience against cyber and fraud crime, the Cyber and Fraud Centre – Scotland, has appointed former Police Scotland Detective Superintendent…

Influential trade body Offshore Energies UK (OEUK) has announced the appointment of three senior industry leaders to its board. Well-Safe Solutions CEO Phil Milton, Wood…

Latest estimates sourced from the UK’s Office for National Statistics (ONS) show that the Scotland’s unemployment rate for people aged 16 and over was 4% down…

Aberdeen-based global engineering and consulting giant John Wood Group has been urged by activist investor Sparta Capital Management — which claims to be a “significant” Wood…

UK energy regulator Ofgem announced that Scottish Power Energy Retail Ltd will pay £1.5 million in refunds and compensation “for charging customers above the price cap…

Two of the leading accountancy firms in the Scottish Borders — JRW and Hogg & Thorburn — have announced a merger. The companies are joining…

Scotland’s public sector procurement spend generated more than £13 billion in economic activity and contributed £7.5 billion to Scotland’s GDP in 2021-22, a new report…

Professor Anton Muscatelli has announced plans to retire as Principal and Vice-Chancellor of the University of Glasgow at the end of 2025 after more than…

The headline Scotland Business Activity Index – the index that measures the month-on-month change in the combined output of Scotland’s manufacturing and service sectors –…

Scottish Financial Enterprise (SFE) has published the results of a new tax and competitiveness survey that gives insight into how senior leaders in the sector…

The Open Call for project funding bids for Glasgow City Region’s £160 million Investment Zone has generated substantial interest from across the region. At the close of…

Kintore, Aberdeenshire-based oil and gas pipeline specialist STATS Group, a subsidiary of Tokyo-based Mitsui & Co, announced that CEO Leigh Howarth is stepping down “in a…

Glasgow-based cloud computing firm Iomart said it expects to report revenue growth of 10% to £127 million and adjusted profit before tax of £15 million (FY23: £14.8…

Scottish Rail Holdings announced that Joanne Maguire has been appointed interim managing director of ScotRail following Alex Hynes’ two-year secondment to the UK Government Department…

The UK Debt Management Office chief executive Robert Stheeman told Reuters in an interview that Britain faces risks and challenges from the sheer scale of borrowing…

The Royal Conservatoire of Scotland has retained its place as one of the world’s top 10 performing arts schools, according to prestigious global rankings published on…

John Wood Group, the Aberdeen-based global engineering and consulting giant, has appointed Jess Stanley as President of its Americas Operations, joining the business unit’s global leadership…

Edinburgh and London-based private bank Hampden & Co said its profit before tax rose to £9.1 million in 2023 from £2 million in 2022 and an…

Edinburgh investment giant Abrdn is facing “corporate bullying” by the media following its controversial rebrand, according to Peter Branner, the asset manager’s chief investment officer…