Scottish Financial Review

TSB announced the appointment of Nicola Bannister as Director of Enterprise Services, subject to regulatory approval, joining the bank’s Executive Committee. This follows the departure…

The Financial Conduct Authority (FCA) said it has fined TSB Bank plc £10.9 million “for failing to ensure customers who were in arrears were treated…

UK mid-cap shares offer an “attractive hunting ground for investors where the companies are large enough to be resilient, yet small enough to be dynamic,…

Glasgow-based Neuranics said it has secured an £800,000 grant from Scottish Enterprise (SE) to support a £2.4 million project aimed at transforming how humans interact with…

Job creation in Scotland hit a 16-month high in September, according to the latest Royal Bank of Scotland Growth Tracker. “Scotland recorded growth in activity…

Edinburgh-based global asset manager Abrdn has published its latest quarterly House View on the macro-economy and investment outlook for the fourth quarter of 2024. Overall,…

A group of UK and Australian pension funds that manage £1.7 trillion are recommending carefully targeted policy action to unlock pension capital in order to…

Sotheby’s has announced a long-term partnership with Chivas Brothers, the Pernod Ricard business dedicated to Scotch whisky and makers of The Glenlivet and Aberlour, “to…

The London Stock Exchange saw just two new companies list on the main market and AIM, collectively raising £64.8 million, between July and September of…

The Scottish Government’s acting Cabinet Secretary for Net Zero and Energy Gillian Martin has announced the resignation of Donald MacRae as chair of the Water Industry…

Scotland’s population rose faster than at any time since the 1940s in the year to mid-2023, according to National Records of Scotland (NRS). “NRS Mid-Year…

Edinburgh-based asset management giant Abrdn plc has announced the expansion of its real estate investment business in Japan through its subsidiary, Abrdn Japan Limited. Abrdn’s strategic…

PwC announced it is preparing to relocate its staff in Glasgow to a new office in 2025. The firm’s 488 staff based in Glasgow will…

Royal London Asset Management (RLAM) announced the appointment of Phil Reid as Head of Sales, a newly created role. Royal London Asset Management manages £169…

John Wood Group plc, the Aberdeen-based engineering and consulting giant, said it has entered an agreement with Brazilian oil giant Petrobras “to deliver concept studies with…

A new £5.5 million initiative will aim to establish Scotland’s Central Belt as a global leader in sustainable electronics manufacturing and design. The Responsible Electronics…

Beeks Financial Cloud Group plc, the Glasgow-based connectivity provider for international financial markets, said its revenues increased 27% to £28.5 million in the year to June 30,…

Investment firm Foresight Group said it successfully exited Substantive Research, an Edinburgh and London-based FinTech providing product and pricing comparison for investment research spend, market data and…

Responsible finance provider Social Investment Scotland (SIS) has for the first time surpassed £50 million in active loans and investments to social enterprises, charities, community…

The latest quarterly economic commentary from the Fraser of Allander Institute (FAI) is forecasting growth for Scotland of 0.9% in 2024, 1.1% in 2025 and 1.2%…

Converge, Scotland’s springboard for university company founders, has announced the winners of its 2024 awards, showcasing innovations that address global challenges from environmental sustainability to…

Picton, the UK real estate investment trust (REIT), announced that Lena Wilson will step down as chair and non-executive director on January 31, 2025. “This…

The Scottish Professional Football League (SPFL) has published annual accounts showing it has grown its turnover to £44.3 million – the highest ever figure in…

Edinburgh investment giant Abrdn said it has expanded its £23bn global closed-end funds business with the reorganisation of two US funds it acquired from First…

Edinburgh-based oil and gas firm Capricorn Energy has updated shareholders on payments due from its Senegal interests. Capricorn said it may be entitled to an…

Edinburgh-based Resolution Therapeutics Limited announced it has raised £63.5 million in Series B financing round led by investment firm Syncona Ltd. Resolution is a clinical-stage biopharmaceutical…

The average selling price of residential property in Edinburgh, the Lothians, Fife and the Borders rose 4.9% during the July-September quarter 2024, taking the new…

Edinburgh and London-based private bank Hampden & Co said Tracey Davidson has taken over as its new chief executive officer, succeeding Graeme Hartop, who stepped…

Four leading UK academics have joined forces to warn the UK Government that its commitment to resetting relations with the devolved governments cannot be met…

Professor Jim McDonald announced he will retire as Principal and Vice-Chancellor of the University of Strathclyde in August 2025, after 16 years in the post….

More than £82 million of retirement savings in Scotland is predicted to be lost due to savers transferring to higher charging pensions in just one…

Equity funds saw their first monthly outflows in September since October 2023, according to the latest Fund Flow Index from Calastone, the largest global funds…

Royal London announced that its chairman Kevin Parry has informed the board that he does not wish to serve beyond this year “and the board…

SSE plc, the Perth-based electricity infrastructure giant, said its renewables output for the six months to September 30, 2024, was 44% higher when compared to…

A new report has revealed how significant challenges — including skills shortages and an aging population — pose a risk to Scotland’s economy. The Skills…

Glasgow media firm STV Group plc announced it has reached agreement with the trustees of its defined benefit pension schemes — the Scottish & Grampian…

Statera Energy has submitted plans for the UK’s first utility scale green hydrogen project — Kintore Hydrogen — to be built in Aberdeenshire. The project…

Scottish law firm Burness Paull has appointed Mark Ellis as its new managing partner, working alongside Peter Lawson who will continue as chair. “Ellis brings…

Scotch Whisky firm William Grant & Sons — maker of Glenfiddich and The Balvenie — has reported a 14% rise in turnover to £1.962 billion, with…

Edinburgh investment giant Abrdn said it has published an ESG-focused “Fixed Income Engagement Roadmap” to help shine a light “on this neglected global engagement issue.” Abrdn…

Glasgow-based secure cloud services firm Iomart Group plc announced the acquisition of Kookaburra Topco Limited, the holding company of Atech Support Limited, for a total of £57…

Perthshire-based Binn Group announced it secured a five-year waste management contract with NHS Tayside. The annual contract covers the health board’s 47 sites across the…

Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, said it has been awarded a £25 million contract to provide sustainable solutions to the…

Bilbao-based global energy giant Iberdrola – through its UK business ScottishPower Energy Networks – has completed a deal to acquire private technology company Derryherk. SP…

Edinburgh-based fund manager Walter Scott & Partners said its assets rose 6% to £73.3 billion in the year to December 31, 2023, but turnover was flat…

Perth-based Stagecoach, the UK’s largest bus and coach operator, has announced “transformative investments” across its operations as part of its decarbonisation drive. “The next stage…

John Wood Group plc, the Aberdeen-based engineering and consulting giant, has been awarded a three-year contract to operate and maintain the Freepoint Eco-Systems plant in…

SSE Renewables has updated investors on the delayed completion date for the Dogger Bank A section of the Dogger Bank Wind Farm. Dogger Bank will be…

Aviva Investors, the global asset management business of Aviva plc, said it has acquired a purpose-built student accommodation (PBSA) property in Glasgow for £23 million….

The Hunter Foundation (THF) said on Friday it has launched the search for “Scotland’s next round of potential Billion+ companies” to join its second cohort of…

Abrdn Property Income Trust (API) said it agreed to sell the vast majority of its portfolio to GoldenTree Asset Management LP for about £351 million….

Abrdn Property Income Trust Limited (API) has confirmed press speculation by announcing that it is “in advanced discussions” with funds managed by GoldenTree Asset Management…

The Scottish Government announced it will invest £100 million to support the construction of 2,800 mid-market rent (MMR) homes. “As announced as part of the…

Professor Andy Schofield has been appointed as Principal and Vice-Chancellor of the University of Glasgow and will take up the role on October 1, 2025….

The UK Infrastructure Bank (UKIB) has announced an investment in subsea HVDC cable manufacturer XLCC to develop a new world-leading factory in Hunterston in Scotland….

Glasgow-based Morris & Spottiswood, one of the UK’s leading construction sector firms, has reported the highest turnover in its almost 100-year history, rising 25% to…

London-based asset management giant Schroders plc has announced more leadership changes following the appointment of Richard Oldfield as group chief executive earlier this month. The…

Glasgow-based secure cloud services firm Iomart confirmed on Wednesday afternoon it is in exclusive talks with regard to the possible acquisition of Kookaburra Topco Limited, the…

Loughborough University-based business management software provider The Access Group has announced the acquisition of Edinburgh-based digital commerce platform QikServe, a hospitality order and payment specialist. The deal…

Scotland’s onshore GDP grew by 0.3% in July 2024, according to statistics announced by the Chief Statistician. The wider UK economy stalled recently at 0.0%….

Deputy First Minister Kate Forbes said she will collaborate with financial institutions to ensure Scotland becomes a “global centre for green and sustainable finance and…

Drinks giant Diageo has announced a 90% paper-based bottle trial for Johnnie Walker Black Label at the Johnnie Walker Princes Street 1820 bar in Edinburgh….

The University of Edinburgh said it has exceeded a key Scottish and UK government objective to drive innovation by supporting businesses secure more than £200…

Edinburgh-based investment giant Abrdn plc announced that former Marks & Spencer co-CEO Katie Bickerstaffe and former Terra Firma CEO Vivek Ahuja have been appointed to…

It has been confirmed that Aberdeen will be the headquarters for Great British Energy, the UK government’s planned state-backed power company. The planned company will…

Edinburgh and Glasgow have improved their position in the latest edition of the internationally recognised Z-Yen Global Financial Centres Index. On the Western Europe list…

A major report commissioned by the Crofting Commission, and prepared by BiGGAR Economics, has unveiled the “extraordinary” economic contribution of crofting to Scotland. The findings…

A new £7.9 million funding round, led by £3.5 million from the Scottish National Investment Bank, will enable scale and growth for Leap Automation Ltd…

Legal & General Group (L&G) announced the appointment of Eric Adler as CEO of its asset management business, subject to regulatory approval. “The appointment follows…

A.G. Barr, the Cumbernauld-based owner of Irn-Bru, Rubicon energy drinks, Boost Drinks, Funkin cocktail mixers and MOMA foods, said its revenue grew 5.2% to £221.3…