Scottish Financial Review

Marketing, advertising and media publisher The Drum is opening a new base in Miami. Co-founder Gordon Young said the US has been a “huge” growth…

SIX Financial Information, part of European stock exchange operator SIX Exchange Group AG, has joined the Scottish Financial Enterprise (SFE) membership. Switzerland-based SIX operates exchanges across…

Tidal stream and wave energy projects can deliver more than £8 billion in economic benefits to the Scottish economy by 2050 if the correct steps…

Shares of Artisanal Spirits Company, owner of The Scotch Malt Whisky Society (SMWS), Single Cask Nation (SCN) & J.G. Thomson, rose as much as 7% after it…

Chivas Brothers, the Scotch whisky business of Pernod Ricard, announced its H1 FY25 (July 2024 – December 2024) financial results with organic net sales down…

Shares of Glasgow-based secure cloud services firm Iomart Group plc fell as much as 20% on Friday after it published a trading update for the year ending…

Colorado-based technology solutions giant Arrow Electronics has announced a distribution agreement with Dukosi Ltd, the Edinburgh innovator in battery monitoring technology, for advanced battery management…

Start-up tech companies taking part in the Scottish Government’s Techscaler business accelerator programme have raised more than £118 million of capital investment in the past…

Edinburgh-based upmarket home builder Cala Group (Holdings) Ltd announced the appointment of Ian Sutcliffe as non-executive chairman, effective immediately. The company also announced the appointment of Tom…

The UK central bank of Thursday cut interest rates from 4.75% to 4.5% — the lowest base rate since June 2023. The Bank of England’s Monetary…

Total private equity investment in Scotland increased 35.6% in 2024 to £9.4 billion, according to the latest UK Private Equity Review from KPMG UK. The…

Places for People, the social enterprise, said it has secured land on the western outskirts of Edinburgh to bring forward more than 1,300 new homes. The…

House prices in Edinburgh North West rose 20% to an average of £290,041 over the last three months, according to the latest ESPC House Price Report. “Highlighting…

UK-focused stock funds suffered £1.07 billion of outflows in January, making it the sixth worst month on record for the unloved UK equity market, according…

Scotland’s Chief Statistician has released figures on local government finance for 2023-24 showing that councils’ net revenue expenditure — the cost of delivering services each year…

Glasgow-based Dxcover Limited, a clinical-stage diagnostics company pioneering its multiomic spectral analysis (MOSA-Dx) for early detection of solid tumor cancers, announced the closing of a significant…

SSE plc, the Perth-based electricity infrastructure giant, said generation output from SSE Renewables over the first nine months of its financial year was 26% higher…

Scottish Water has warned that, without major changes, the funding needed to deliver sustainable services over the next 25 years “would require around £50 billion…

Shell announced it has restarted production at the Penguins field around 150 miles north-east of the Shetland Islands in the UK North Sea. Shell said…

Standard Life, part of Phoenix Group, has appointed Barry Butler to its Independent Governance Committee (IGC), overseeing the interests of 2.7 million workplace pension scheme…

By Mark McSherry The Scottish Government believes that a Scottish bond could represent better value for money than its current borrowing arrangements for both fiscal…

Colin Matthews, founder and CEO of the Loch Lomond Group whisky giant and director of the Scotch Whisky Association, has blasted the UK government for…

Aberdeen-headquartered transport giant FirstGroup plc said it acquired Matthews Coach Hire Limited, an independent, family-owned coach and bus operator in Ireland. “With a fleet of…

Edinburgh-based investment group Baillie Gifford has welcomed the overwhelming shareholder votes at two of its investment trusts to defeat New York activist hedge fund Saba…

Baillie Gifford’s Keystone Positive Change Investment Trust announced that requisitioned resolutions put forward by New York activist hedge fund Saba Capital Managemen were defeated on a…

Baillie Gifford US Growth Trust plc announced that its shareholders have decisively voted against all the requisitioned resolutions from New York activist hedge fund Saba…

New research from business and financial adviser Grant Thornton UK LLP has found that, while many businesses expect they will need to secure additional funding to…

Aberdeen-based engineering and consulting giant John Wood Group said 2024 was a “transformative year” for its carbon advisory team, which secured a “record-breaking number of…

Edinburgh-based investment giant Abrdn has announced the final closing of its third core/core+ infrastructure fund, ASCI III. Focused on direct investments in European small to…

The UK’s Financial Conduct Authority (FCA) said it has set out proposals to make it easier for listed companies to issue corporate bonds that wealth…

The Scottish Chambers of Commerce (SCC) said the court decision to allow the Rosebank and Jackdaw oil and gas fields to resubmit environmental assessments while consents…

Scottish Rugby said an independent evaluation by specialist researchers GSIQ of its overall economic value to Scotland in the period from June to December 2024…

Edinburgh Festival Fringe Society chair Benny Higgins announced the appointment of Tony Lankester as incoming chief executive. Lankester, a journalist by trade, will join the…

Workshop & Artists Studio Provision (Scotland) Limited, known as Wasps, announced that its CEO Audrey Carlin “will be stepping down” from her role. Carlin will remain…

The Scotland and Northern Ireland team of BGF, the growth capital investor, reported strong investment activity through 2024, investing close to £50 million and announcing…

Two senior industry figures are to be appointed to the board of Scottish Financial Enterprise (SFE), the member body for Scotland’s financial and professional services…

The UK Government has invested £20 million in Forres-based spaceflight company Orbex as part of its Series D fundraising. In addition to the UK Government, the…

Scotland’s onshore GDP contracted by 0.5% in November 2024, according to statistics announced by the Chief Statistician. This follows a revised contraction of 0.4% (revised…

Analysis published by the Office of the Chief Economic Advisor has estimated Brexit trade barriers could impact Scotland’s economy by £4 billion. This estimated economic…

Germany-based AviAlliance announced the completion of its acquisition of AGS Airports, the operator of Aberdeen, Glasgow and Southampton airports from Ferrovial and Macquarie for an enterprise…

The Association of Investment Companies (AIC) has launched a campaign to ensure all investors can exercise their right to vote their shares amid the attack…

The UK’s Competition and Markets Authority (CMA) is investigating the anticipated acquisition by William Grant & Sons Group of The Famous Grouse and Naked Malt…

Phoenix Group said that Andy Curran, CEO of its Standard Life business, has decided to retire in the summer of 2025 “after a transformative five…

Franklin Templeton announced that its Edinburgh-based Martin Currie business, the $18 billion investment manager for active equities, will “align” the majority of its business under Franklin…

Edinburgh-based oil and gas firm Capricorn Energy said in an operational and trading update it is currently evaluating mergers and acquisition opportunities in the UK North…

Martin Gilbert’s asset manager AssetCo announced more details on its previously announced proposals for a share reorganisation and its plan to change its name to…

A.G. Barr, the Cumbernauld-based owner of Irn-Bru, Rubicon energy drinks, Boost Drinks, Funkin cocktail mixers and MOMA foods, said its 2024-25 revenue  is expected to grow 5%…

Technology shares have fallen around the world amid fears that the emergence of a low-cost Chinese artificial intelligence model could threaten the dominance of AI…

The joint owners of Inch Cape Offshore Wind Farm off the Angus coast — ESB and Red Rock Renewables — announced that the flagship Scottish…

Heather Thomson has been announced as the new CEO of The Data Lab, Scotland’s innovation centre for data and AI, following a nationwide recruitment campaign….

Lloyds Banking Group (LBG) has announced plans to transform its Port Hamilton Scottish Widows building on Morrison Street in Edinburgh into a state-of-the-art innovation hub…

New analysis from Savills reported that a strong fourth quarter capped a “significant recovery” in terms of transactions across Scotland’s residential housing market in 2024…

Corporate and personal insolvency levels fell in Scotland in Q3 2024-2025 compared to Q3 2023-2024, according to insolvency and restructuring trade body R3 in Scotland, citing…

Edinburgh is the third most attractive city in the UK in which to establish a new business, according to a new report. Published by asset…

Professional services firm AAB has invested in Ormsby & Rhodes, one of the longest-established firms in Ireland, strengthening its international presence and access to the…

First Minister John Swinney has proposed a dedicated visa for international graduates from Scottish universities or colleges who want to stay in Scotland after their…

Current expectations for the Scottish economy are that growth in 2025 will be an improvement compared to 2024, according to the latest quarterly economic assessment…

The board of Herald Investment Trust plc announced that requisitioned resolutions to oust the current board put forward by US activist hedge fund Saba Capital…

UK government borrowing in the nine months to December 2024 was £129.9 billion — £8.9 billion more than at the same point in the previous…

Beeks Financial Cloud Group plc, the Glasgow-based connectivity provider for international financial markets, confirmed on Wednesday that the “major Exchange Cloud Customer” previously announced by the…

Scottish Widows has announced a new strategic partnership with Dutch asset manager Robeco to develop its responsible investment business. Scottish Widows is part of Lloyds…

A.G. Barr, the Cumbernauld-based owner of Irn-Bru, Rubicon energy drinks, Boost Drinks, Funkin cocktail mixers and MOMA foods, said Dino Labbate has been appointed as its…

Baillie Gifford US Growth Trust plc — one of the seven investment trust companies currently under attack from New York activist hedge fund Saba Capital Management…

Edinburgh investment giant Abrdn said on Tuesday its assets under management and administration (AUMA) rose 3% in 2024 to £511 billion, with a 1% increase…

Edinburgh-based Smart Data Foundry (SDF) has been awarded £3 million in funding to operate a new Financial Data Service (FINDS), enabling more researchers to study the financial health of…

Leading financial and professional services recruitment firm Core-Asset Consulting has revealed the five functions and associated jobs expected to be most in demand in Scotland in 2025….

The Scottish Event Campus (SEC) has announced former Scottish Rugby and Celtic FC executive Dominic McKay as its new chief executive. McKay will join the SEC…

Baillie Gifford’s £800 million Edinburgh Worldwide Investment Trust — one of the seven investment trust companies currently under attack from New York activist hedge fund…

Aberdeen-based John Wood Group said it has been awarded a “significant” new contract to provide long-term maintenance solutions for onshore and offshore assets in the Gippsland Basin,…

London’s FTSE 100 share index ended the week at a record high. The index closed at 8,505.22 points, surpassing its previous closing record of 8,445.80…