Scottish Financial Review

Aberdeen UK Smaller Companies Growth Trust plc (AUSC) has announced a “proposed reconstruction and rollover” into JPMorgan UK Small Cap Growth & Income plc (JUGI)….

The £1 billion Baillie Gifford US Growth Trust plc said its share price and net asset value (NAV) returned 44.5% and 31% respectively in the…

A proposal to restore a new, direct freight and passenger ferry route from Rosyth to Europe has collapsed. Forth Ports confirmed that the line from…

Edinburgh-based oil and gas firm Capricorn Energy — formerly Bill Gammell’s Cairn Energy — on Thursday agreed to revised terms of a $396 million takeover…

More than £46 billion of investment is “in the pipeline” across Aberdeen and Aberdeenshire over the next decade, according to Aberdeen & Grampian Chamber of…

The Scottish Government needs to be “more transparent” about how it will use £755 million raised by the “high risk and reward” ScotWind offshore wind…

Edinburgh-based Miller Homes announced that Daiwa House of Japan has become a “long-term strategic partner and minority shareholder” in Miller. Miller said Daiwa House has…

Lone Star Funds has put Union Square shopping centre in Aberdeen on the market for around £175 million. The price tag represents a £64 million…

The Scottish Government said on Wednesday that large data centre applications are set to face “more stringent environmental requirements.” It has published a planning direction…

FNZ, the global “wealth management platform” that has had operations in Edinburgh, announced that Stephen Welch has been appointed Executive Group Chair and will assume…

Edinburgh University spinout firm Expanse, the AI infrastructure company, announced a $5.3 million seed funding round led by Crane Venture Partners with participation from PXN…

Edinburgh-headquartered Quorum Cyber, the Microsoft-centric cybersecurity services provider, said it signed a definitive agreement to acquire Zurich-based Ontinue from Swedish private equity group EQT. The…

Edinburgh-based Artisanal Spirits Company (ASC), creator of limited-edition whiskies, said its revenue fell 5% to £9.2 million in the six months to June 30 and…

Stirling deep-tech advanced materials firm iGii, a 3D carbon nanostructure company, said it raised £22.7 million in a package that brings together £11.7 million in…

Scottish Enterprise and the UK Government are supporting Glasgow-based digital chemistry company Chemify to accelerate its growth, create up to 300 jobs and strengthen Scotland’s…

Aberdeen Investments said it has provided €80 million, anchored by Standard Life, as part of an overall facility of up to €150 million, in debt…

The Scottish National Investment Bank said it has committed £19.5 million to support the development of 370 single-family build-to-rent homes at Little France, a major…

The Smart Data Foundry, a subsidiary of The University of Edinburgh and a private limited company, said Michelle Elliot and Callum Carmichael of FRP Advisory…

The CEO of Elgin-based listed house builder Springfield Properties plc said its strengthened balance sheet has enabled the firm to increase its dividend and launch…

The semi-autonomous governments of Scotland and Wales have “agreed to improve how they work together on areas of shared interest to strengthen democracy and deliver…

The Scottish Government said Scottish life sciences firms will gain direct access to investors, healthcare networks and commercial partners in the United States through a…

Scotland’s First Minister John Swinney has urged the UK Government to support the crucial Scotch Whisky sector and its Scottish supply chain — including hospitality…

The UK’s National Wealth Fund has announced a £38.4 million loan to the City of Edinburgh Council to support enabling works for the first phase…

A major new report from Royal Bank of Scotland found that Scottish “innovation firms” have attracted £6.4 billion in equity investment since 2011. However, the…

Hurstwood Holdings subsidiary AM Sci Tech has completed the acquisition of The Maybury Casino in west Edinburgh for £2.9 million. The acquisition of the landmark…

Plans to extend Edinburgh’s tram network took another step forward on Thursday, with the immediate priority being the southern section of the route, the City…

Scotland’s colleges faced growing financial strain in 2024-25, with a rising number reliant on cash advances from the Scottish Funding Council, according to a report…

HSBC Holdings plc said its group chief financial officer (CFO) Pam Kaur has informed the board of “her plan to leave her role in 2027.”…

Scottish Enterprise, Scotland’s national economic development agency, said it has appointed Bethan Vasey as its Director of North East Transition “to strengthen its work with…

The UK government’s Labour-dominated “Scottish Affairs Committee” said it has launched two new inquiries — one into the dual role of Scotland’s Lord Advocate, and…

UK investors continued to sell down shares in August, according to the latest Fund Flow Index from Calastone, the largest global funds network. Equity funds…

Dukosi Ltd, the Edinburgh-based technology company improving the performance, safety and sustainability of high-power battery systems, announced the appointment of Graeme Cook as its first…

Catherine McWilliam has announced she will leave her role as Director for the Institute of Directors (IoD) Scotland and that a plan is in place…

London-based Shackleton Advisers Limited said it has entered into a definitive agreement to acquire one of Scotland’s leading independent financial advice firms, Aberdein Considine Wealth…

Linlithgow-based Calnex Solutions plc hosted a Capital Markets Day for institutional investors and analysts on Wednesday. Calnex is a provider of test and measurement solutions…

Private sector firms in Scotland recorded a third successive monthly rise in employment during August, according to the latest Royal Bank of Scotland Growth Tracker….

Jim McColl’s Caledonian Holdings, the AIM quoted firm focused on building a financial services group, said its subsidiary Aspire Commerce Group Limited has completed the…

Edinburgh-based investment giant Aberdeen Group plc has announced that Swede Torbjörn Magnusson, 62, will join its board as a non-executive director and chair-designate with immediate…

SaxaVord Spaceport on the North Coast of the Shetland Islands has welcomed UK Government plans to invest £30 million as part of a wider £60…

Investment firm Soho Square Capital announced a growth investment in Strathberry, the Scottish luxury leather goods brand. The investment is Strathberry’s second round of financing…

Glasgow-based media firm STV Group plc said on Tuesday its revenue fell 27% to £66.1 million in the six months to June 30, 2026, as…

Scottish Enterprise — Scotland’s national economic development agency — said on Monday it helped Scottish businesses generate £2.15 billion in exports last year “despite the…

Standard Life plc — formerly called Phoenix Group — said on Monday it expects to “unlock” £800 million of “net synergies” from the £2 billion…

Edinburgh-based upmarket home builder Cala has promoted Neil Riddell to Managing Director for its East of Scotland business, which spans Edinburgh, Lothians, Perth and Kinross,…

Scotland has risen from fifth to second in PwC’s ‘Good Growth Barometer’ report on a “broader measure” of household prosperity and household spending power across…

Royal London said its Group Chief Financial Officer Daniel Cazeaux has been appointed interim CEO of Royal London Asset Management — which manages £212 billion…

Glasgow City Council is at a “critical point” as it tries to tackle financial pressures, rising homelessness, growing demand for services, persistent high poverty levels…

Edinburgh’s Heriot-Watt University has welcomed Professor Nola Hewitt-Dundas as its new Principal and Vice-Chancellor — the first woman to hold the post. Hewitt-Dundas joins Heriot-Watt…

Standard Life has appointed Emma Furlonger as Managing Director of its Workplace and Retail Intermediary businesses. Furlonger has led the businesses on an interim basis…

Aberdeen-based engineering and consulting giant Wood Group said it has secured an engineering, procurement, construction and commissioning (EPCC) framework contract with Serica Energy to support the…

The Scottish Government said Alyn Smith has been appointed as the new Minister for Innovation, Technology & Tertiary Education. Smith will succeed Ben Macpherson, who…

Private ownership of electric cars continued to gather pace in Scotland during the first quarter of 2026, according to new analysis by The AA. Department…

Royal Bank of Scotland said it has provided £82.6 million of funding to support Rosethorn Capital Partners and Eagle Street Partners with the acquisition and…

First Minister John Swinney has outlined the Scottish Government’s Programme for Government 2026 to 2031 — and it includes “advancing” the debut £1.5 billion Scottish…

SSE, the Perth-based electricity infrastructure giant, said it is hosting an in-person investor relations event in Aberdeen on Wednesday for sell-side analysts and institutional investors….

FSSA Investment Managers’ £320 million Scottish Oriental Smaller Companies Trust plc — one of the longest running investment trusts that invests in Asia — said…

Linlithgow-based Calnex Solutions plc, a provider of test and measurement solutions for telecoms, cloud computing and defence markets, said on Wednesday its “continued diversification across…

Legal and General Assurance Society Limited (L&G) announced the completion of a £1.65 billion buy-in with the trustee of the pension plan of Aberdeen-based engineering…

Wheatley Housing Group — Scotland’s biggest social landlord — on Tuesday announced the appointment of a new chair. Jo Armstrong has stepped down from the…

Melrose-based investment syndicate Tricapital Angels said it has recruited Richard Burns, former Joint Senior Partner and Chief Investment Officer at Baillie Gifford, to its board…

Ashtead Technology, the Aberdeen-based subsea technology solutions provider to the global offshore energy sector, said its first-half revenue rose 1.1% to £100.2 million in the…

Norwegian oil company DNO has agreed a recommended cash acquisition of Edinburgh-based Capricorn Energy — formerly Bill Gammell’s Cairn Energy — valued at $396 million….

A.G. Barr, the Cumbernauld-based owner of Irn-Bru, Rubicon energy drinks, Boost Drinks and Funkin cocktail mixers, announced the appointment of Darren Shapland as an independent…

Glasgow-based Beeks Financial Cloud Group plc, a cloud computing and connectivity provider for financial markets, announced the signing of a multi-year agreement with the Stock…

Techscaler, the Scottish Government programme run by growth platform CodeBase, has selected 10 Scottish business founders for its next Silicon Valley programme. Founders from GreenFlip,…

Aberdeen & Grampian Chamber of Commerce said it is seeking urgent assurances from UK finance minister John Healey following reports that the UK government is…

Aberdeen Investments will take a hit of up to £200 million to two its infrastructure funds following the collapse of UK broadband provider Airband. Aberdeen…

Vital funding to kick-start business-academic partnerships has been secured, to support new products, processes, services and workforce practices. The Scottish Funding Council (SFC) Innovation Voucher…

Chivas Brothers, the Scotch whisky business of Pernod Ricard, said its global net sales fell 2% in the year to June 2026. “After softening in…

A new initiative for the “global media and creative industries” will be developed for Edinburgh’s August festivals, announced Màiri McAllan, Scottish Government Cabinet Secretary for…