Scottish Financial Review

Glasgow-based Beeks Financial Cloud Group plc and partner IPC announced the signing of a contract with the Johannesburg Stock Exchange (JSE). Beeks is a cloud computing and…

Celtic plc announce that Brendan Rodgers has been appointed the club’s new football manager on a three-year contract. “Brendan previously managed the club to phenomenal…

By Mark McSherry Scotland remains the most attractive location in the UK outside of London for Foreign Direct Investment (FDI), according to EY’s latest Scotland…

Ireland-based ABP Food Group has announced the acquisition of the Bridge of Allan abattoir and Queenslie meat packing plant in Scotland from Scotbeef. The two…

The £300 million Baillie Gifford UK Growth Trust has reported a “poor year of relative performance” for the year to April 30, 2023, in which net…

The value of Scottish international goods exports rose 21.6% to £37.2 billion in the year ending March 2023, according to latest figures from HMRC. The…

Shares of Thurso-based AMTE Power, a developer of next generation battery cells, fell about 70% on Thursday after it published a stock exchange statement saying its needs…

Smaller firms in Scotland saw record levels of equity investment in 2022 despite difficult economic conditions, according to new research from the British Business Bank….

Scottish Canals “urgently” needs to improve its financial reporting, according to Audit Scotland. The 2021-22 audit of Scottish Canals was carried out by Grant Thornton…

AssetCo chairman Martin Gilbert admitted on Wednesday that “the business remains materially behind plan” amid “gloom” in the fund industry and that “we remain behind where…

Scotland’s estimated unemployment rate for the February to April 2023 period was 3.1%, down 0.6 percentage points since the pre-pandemic December 2019 to February 2020…

The proportion of 2021-22 school leavers in Scotland in a “positive destination” nine months after the end of the school year was at its highest…

Glasgow-based cloud computing firm Iomart Group said its revenue increased 12% to a record £115.6 million in the year to March 31, 2023, “reflecting a…

Scottish private sector firms registered an expansion in new business for the fourth consecutive month in May, according to the latest Royal Bank of Scotland Purchasing…

Former First Minister of Scotland Nicola Sturgeon was arrested on Sunday morning in connection with the ongoing investigation into the funding and finances of the…

The UK Government’s windfall tax on North Sea oil and gas producers will not be applied if energy prices drop below certain levels for six…

Dundee-based Ace Aquatec, the aquaculture technology company, has secured an investment from cleantech investor Earth Capital Limited (ECL) to grow its current portfolio of products…

Glasgow-based global engineering and mining giant Weir Group announced that it has priced the offering of £300 million aggregate principal amount of 6.875% sustainability-linked notes due…

By Mark McSherry Edinburgh-based investment giant Abrdn announced that Archax, the FCA regulated digital asset exchange, has created a tokenised representation of its interests in…

The latest statistics from Scottish Development International (SDI) show that more than 8,500 jobs were created through inward investment in the 2022-2023 financial year. This…

The SNP has started a search for a new chief executive and is offering a salary of £95,000 per year. The “person specification” section of the…

Shares of Aberdeen-headquartered transport firm FirstGroup plc rose about 15% on Thursday after it beat annual profit forecasts as its bus passenger numbers were helped by…

NatWest Group and the University of Edinburgh announced a new partnership based on “challenge-led research and innovation” that will improve how data is used to…

Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, announced on Wednesday that Sean Duffy, the company’s CFO and board director, has…

Scotch Whisky giant Diageo plc announced on Wednesday that Ivan Menezes, who held the CEO role at the world’s biggest spirits company for 10 years, has…

Major structural reforms are required to the current way skills are delivered in Scotland, according to an independent review of the system by former Scotland…

The Scottish National Investment Bank announced that Mark Munro has been appointed to the new role of Chief Investment Officer (CIO). The new role will…

XPS Pensions Group has estimated that the aggregate surplus of UK pension schemes rose in May to £110 billion. XPS said a significant rise in…

The lead manager of the £1.1 billion Abrdn Private Equity Opportunities Trust plc (APEO) has responded to recent criticism of private equity investment companies by…

Edinburgh-based Securities Trust of Scotland, the £230 million global fund, announced it has changed its name to STS Global Income & Growth Trust plc.  The investment…

Energy regulator Ofgem announced that SSE Generation Limited is to pay £9.78 million for “breaching its licence after securing excessive payments from the National Grid…

Scottish construction waste recycling firm Brewster Brothers is investing £6 million in a second recycling plant at Gartshore, near Cumbernauld. “The increasing appetite for recycled aggregates and…

Scotland’s food and drink industry is being showcased to high-profile French chefs this week to raise awareness of the country’s world-class produce. Six French chefs,…

Hargreaves Lansdown has appointed former Brown Shipley executive Toby Vaughan as its new chief investment officer, responsible for the HLFM fund range. “Toby’s responsibilities include…

Glasgow-based cloud computing firm Iomart Group has agreed to acquire Extrinsica Global, a Microsoft Azure Cloud solution services provider with offerings including managed Azure Cloud, Azure…

Scotland has returned to its historic position as the top location for financial services foreign direct investment (FDI) in the UK outside of London, according…

NatWest Group — formerly known as RBS — said on Monday it has completed its acquisition of a majority shareholding in workplace savings and pensions…

Law firm Burges Salmon has appointed Jennifer Mellor as a new Edinburgh-based director in its Funds and Financial Regulation team. “Jennifer joins Burges Salmon from…

Abrdn, the Edinburgh-based investment giant, has announced the start of a share repurchase programme of up to £150 million, which is being undertaken by J.P….

Scotch Whisky and drinks giant Diageo plc announced that its new CEO Debra Crew has taken up the position a month earlier than expected, with…

Eleanor Shaw has been appointed as the new Head of the University of Glasgow Adam Smith Business School. Professor Shaw will start her role on…

Border to Coast Pensions Partnership, one of the UK’s largest asset owner pools, has appointed Edinburgh investment giant Abrdn “to support the launch and portfolio…

The Federation of Small Businesses (FSB) in Scotland has published the results of its Big Small Business Survey, which shows that 60% of businesses intend…

NatWest Group and the government of Ireland each sold a 5% stake in Permanent TSB Group and will receive €55.2 million of gross proceeds each. The…

NatWest Group, formerly called RBS, and Ireland’s finance ministry said on Thursday they would together sell 6% of Irish bank Permanent TSB. The two shareholders…

Equity Gap, the Edinburgh-based angel investment syndicate, has announced changes to its top team that will see the syndicate continue to expand its portfolio across…

St Andrews University spinout firm Pneumagen, a clinical stage biotech company, announced that it has secured £8 million in financing from existing and new investors. Pneumagen…

Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, said on Thursday that its CEO Phil Day has notified the board of his…

Scottish Land & Estates (SLE), the rural business organisation, has appointed Dee Ward as its new chair. Ward succeeds Mark Tennant, who has been SLE chair…

MilliporeSigma, the US and Canada Life Science business of Merck KGaA, Darmstadt, Germany, announced that its Life Science business sector is investing €35 million in…

Scottish economic growth was four times that of the UK as a whole in the first quarter of 2023, according to figures from the Office…

Edinburgh-based investment group Abrdn said it has sold its remaining £198 million stake in HDFC Life, a long-term life insurance provider in India. Abrdn has…

Highlands and Islands Airports Limited (HIAL) board has announced the appointment of Stewart Adams as interim managing director. Adams has worked with airlines and airport…

The Scottish Child Payment is now being received by the families of more than 300,000 children and young people, according to official statistics cited by…

The £1.3 billion Edinburgh Investment Trust plc announced its Net Asset Value (NAV) per share on a total return basis increased 7.9% in the year to…

Edinburgh biotechnology firm Lentitek Ltd, a developer of manufacturing technologies enabling economic delivery of advanced cell and gene therapies, announced that it has secured £250,000 in…

A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers, was given a black eye by shareholders at its AGM on…

Cable manufacturing company XLCC said North Ayrshire Council Planning Committee has granted full planning permission for its HVDC subsea cable manufacturing operations in Hunterston. The decision…

International visitors spent £3.2 billion in Scotland last year, up 24% on 2019, according to the International Passenger Survey (IPS) tourism statistics for 2022 by…

The Scottish Government estimated on Thursday that its current resource spending requirements could exceed funding by £1 billion in the next financial year, and by £1.9…

A Bill that would enable Scottish councils to invest more in local tourism facilities and services through a levy on overnight stays — a tourist…

S&P Global Ratings has affirmed its A+ long-term issuer credit ratings on Wheatley Group — Scotland’s biggest social landlord.  Wheatley owns and manages over 93,700…

SSEN Transmission — part of SSE Plc — announced it has signed its first ever sustainability-linked Revolving Credit Facility (RCF), “further reinforcing the company’s commitment…

Passenger services on the new Edinburgh Trams route to Newhaven are scheduled to start at 12 noon on June 7, it was announced on Thursday….

Brodies Middle East LLP, the first international arm of Scottish law firm Brodies LLP, has opened an office in Abu Dhabi. Having serviced clients in…

By Mark McSherry SSE plc, the Perth-based electricity infrastructure giant, unveiled plans on Wednesday that could see it invest up to £40 billion over the…

By Mark McSherry The UK government borrowed more than forecast in the first month of the new fiscal year due to higher debt interest payments,…

Business confidence in the UK Continental Shelf (UKCS) is at a near record low, falling from +36 points last April to -37 today. That’s according…

Glasgow-based cloud computing firm Iomart Group announced the appointments of Annette Nabavi and Adrian Chamberlain as independent non-executive directors of the company. Following six years on…

Shares of Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc rose as much as 8% on Tuesday after it said its revenue grew 25% to £27.4…