Scottish Financial Review

Scotland Food & Drink announced that former Diageo executive Pamela Scott will be its new chair. Food and drink is Scotland’s biggest employer and the…

The UK’s central bank cut interest rates on Thursday for only the second time since 2020 — but the Bank of England said future reductions are…

Shares of Aberdeen-based consulting and engineering giant Wood plc fell as much as 60% on Thursday after the firm said it agreed to commission an independent review…

The partnership between Abrdn and Italian renewable gas specialist Blu-H Energy S.r.l (BHE) acquired four additional operating biogas facilities in Italy in October. Earlier in…

US Treasuries fell sharply on Wednesday — with yields surging — as Donald Trump’s election victory led to an increase in bets on economic policy…

The Scottish Government said NHS consultant doctors across Scotland voted to accept a £124.9 million increase in their pay packages “ensuring their pay is competitive…

Stirling-based iGii, a 3D carbon nanostructure firm, said it has agreed a multi million pound deal with health monitoring company Prymexa to develop a toolkit that…

Phoenix Group Holdings plc, parent of Standard Life, announced the appointment of former Prudential plc executive Nic Nicandrou as its new group chief financial officer…

Center Parcs has announced a plan to create its first holiday village in Scotland. The proposed site is on land to the east of the…

Canada’s Juniper Group, an operating unit of Vela Software and Constellation Software, Inc,  announced the acquisition of Glasgow-based Traveltek, which it called “an innovative suite…

Shares of Schroders fell as much as 14% on Tuesday after the UK’s largest standalone fund manager reported worse-than-expected third quarter outflows and the imminent…

Perth-based electricity infrastructure giant SSE plc said it has launched a new £10 million hydro community benefit fund, aimed at supporting projects within areas that…

Aberdeen-based home improvement firm Bon Accord Glass has been acquired through a management buyout (MBO) as it marks 50 years in business. Directors Colin Kinghorn…

Heart of Midlothian said it generated turnover in excess of £20 million for the second year in a row in season 2023/24. But, following investments in…

Growth capital investors BGF said it has completed a successful exit from Edinburgh-headquartered costume seller AFG media. The exit was achieved through a company and…

Glasgow-based Zappaty, the secure file sharing, storage, and collaboration platform created for SMEs, announced the appointment of Stuart Montgomerie as Chief Strategy Officer and Advisor. Zappaty enables…

Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, said on Tuesday its order pipeline is “converting as expected” and it reiterated its 2024 full…

By Mark McSherry Scotland’s natural assets contribute more than £40 billion to the economy and support around 260,000 jobs, according to a new report called…

First Minister John Swinney has announced plans to expand the electric vehicle (EV) charging network across Ayrshire and the Glasgow City Region. A £6.3 million…

Equity funds suffered their worst month of outflows on record in October, according to the latest Fund Flow Index from Calastone, the largest global funds…

High Wycombe-based waste management firm Biffa said it completed its acquisition of Aberdeenshire-headquartered Keenan Recycling, the commercial food waste collections provider operating across Scotland, England and Wales….

Tesco announced it has completed the sale of Edinburgh-based Tesco Bank to Barclays and has commenced a long-term strategic partnership with the bank. Tesco also…

Bacardi has announced a major investment in the production sites of its Scotch portfolio that includes malt whiskies Aultmore, Aberfeldy, Royal Brackla, The Deveron and…

Perth-based electricity infrastructure giant SSE plc announced the appointment of a new independent non-executive director, Hixonia Nyasulu, who will join the board on January 1,…

Aberdeen engineering and consultancy giant Wood plc has been awarded a Front-End Engineering Design (FEED) contract for cleaner, increased fuel production at the Dung Quat Oil…

By Mark McSherry Scottish Financial Enterprise announced it will partner with The City of London Corporation to deliver a flagship summit in Edinburgh next year…

UK finance minister Rachel Reeves is taking two big gambles with her first budget, according to Paul Johnson, director of the UK’s Institute for Fiscal Studies…

Perth-based electricity infrastructure giant SSE plc is set to expand its operations in Glasgow after securing 62,000 sq ft across four floors in Aurora, 120…

By Mark McSherry The UK’s Debt Management Office (DMO) has raised the UK government’s net financing requirement for the current 2024-25 fiscal year to £299.9…

David Whitehouse, Offshore Energies UK CEO: “Today we heard the Chancellor recognise the role of the oil and gas sector to support high quality jobs and…

The Scotch Whisky Association (SWA) said the UK Chancellor’s decision to further increase duty on Scotch Whisky has broken the UK Prime Minister’s commitment to…

Virgin Money UK announced that its chief financial officer (CFO) Clifford Abrahams has informed the board of his decision to step down from his position…

Rangers International Football Club plc has reported record core revenue of £88.3 million — but the club made a net loss of £17.2 million for…

By Mark McSherry The £890 million Baillie Gifford Japan Trust plc said its net asset value (NAV) total return was 10% and “as market sentiment continued…

University of Edinburgh biotechnology spinout firm Kynos Therapeutics has been acquired by Freiburg, Germany-based clinical stage biopharmaceutical company Dr. Falk Pharma GmbH, which will develop…

Aberdeen-based consulting and engineering group Wood plc said it has secured a “significant” engineering services contract for Aramco’s Southern and Northern Areas gas increments project in Saudi…

The Scottish Funding Council (SFC) announced the appointment of Francesca Osowska as its new CEO. Most recently, Osowska has been CEO at NatureScot. Before that she…

Novosound, the pioneering Glasgow tech company, has developed the world’s first ultrasonic blood pressure monitor. This breakthrough allows for the miniaturization of blood pressure monitoring…

Scottish Financial Enterprise (SFE) has launched a new skills hub aimed at helping thousands of Scots better understand the jobs and careers available in the…

Aberdeen-based underwater robotics HonuWorx said it has delivered a world-first in underwater robotics as it unveils plans for a fleet of uncrewed submarines to capture a…

Broker Insights, the Dundee-based data and distribution platform that connects UK insurance brokers and insurance companies, has launched in the United States. Broker Insights’ platform…

Brown Shipley, a Quintet Private Bank, announced the appointment of Robbie Hewitt as Edinburgh-based Wealth Planner, reporting to Gordon Scott, Head of Private Bank –…

Cazenove Capital, the wealth management business of Schroders in the UK, announced the appointment of Sandra Dailidyte in the newly created role of portfolio manager…

A £150 million deal to transform the site of the former Marks & Spencer store on Sauchiehall Street in Glasgow into a major mixed-use development…

By Mark McSherry Abrdn said Steve Logan has returned to the Edinburgh-based asset management group as Head of European High Yield and Global Loans, four…

By Mark McSherry The board of Abrdn’s £664 million Asia Dragon Trust plc has proposed a merger with Invesco Asia Trust, a much smaller £215 million rival. Invesco…

Aberdeen clean energy firm D2Zero announced the acquisition of Kelton, a flow measurement consultancy to the energy industry. Headquartered in Aberdeen and with 12 offices…

Abrdn investment trust managers from around the world have published their outlook updates as they navigate an upcoming UK budget, shifting interest rates, geopolitical tensions, the American…

Shares of NatWest Group Plc — the bank formerly known as Royal Bank of Scotland — rose another 4% as it raised its outlook for…

By Mark McSherry Just 9% of Scottish firms agree that the Scottish Government understands the business environment in Scotland, compared to 64% of businesses that…

Ashtead Technology, the Aberdeen-based provider of subsea technology and services, announced it has signed an agreement to acquire Seascan Limited and its subsidiaries — known…

The recently-merged Alliance Witan investment trust announced the completion of the transition of assets from Witan Investment Trust to Alliance Witan following shareholder approval for…

Lloyds Banking Group’s Jackie Leiper has been appointed as deputy chair of Scottish Financial Enterprise (SFE), the member body for Scotland’s £13.6 billion financial and…

OnPath Energy, formerly called Banks Renewables, said it completed the sale of its shares in the recently constructed Kype Muir Wind Farm Extension near Strathaven…

Aberdeen-headquartered transport group FirstGroup plc announced it acquired Shropshire-based Lakeside Group, comprising Lakeside Coaches, Merediths Coaches and A. T. Brown Coaches. Lakeside operates a fleet…

By Mark McSherry Perth-based electricity infrastructure giant SSE plc and its subsidiary SSEN Transmission have signed new sustainability-linked Revolving Credit Facilities totalling £3 billion through…

Edinburgh and Glasgow have both improved their position in the latest Z/Yen Global Green Finance Index, underlining Scotland’s potential in green finance. Edinburgh has moved…

By Mark McSherry Up to £10 billion of North Sea oil and gas pre-tax value could be unlocked from existing assets if the UK government…

By Mark McSherry Abrdn said on Thursday its assets under management and administration (AUMA) rose 2% YTD to £507 billion, reflecting positive markets and net inflows…

The Institute and Faculty of Actuaries (IFoA) has appointed Paul Lewis as its new chief executive officer. Lewis will join the IFoA on January 6,…

Aberdeen-based consulting and engineering group Wood plc has opened its third office in the United Arab Emirates (UAE). Located in Sharjah, the new 18,625 square foot office…

By Mark McSherry Bright Red Triangle (BRT), the enterprise hub at Edinburgh Napier University (ENU), said it has agreed a new partnership with Queen Margaret…

Macfarlane Group, the Glasgow-based packaging, design and distribution firm, has appointed Joost Meijs to the new role of Managing Director, Macfarlane Packaging Distribution, Europe, as the…

Sweden-based bank Handelsbanken has strengthened its position in Edinburgh with a move to a new branch in the city’s West End. The move supports the bank’s…

By Mark McSherry Franklin Templeton said it has launched three new emerging markets funds following demand from clients. These are the actively-managed Luxembourg-registered Templeton Emerging…

Shares of Aberdeen-based Plexus Holdings plc, the AIM quoted oil and gas engineering services business, fell about 17% on Tuesday despite the firm saying its…

Sunderland-based Fairstone Financial Management said it completed the full acquisition of Aberdeen-based Forbes Lawson Wealth Management Limited, further strengthening its presence in Scotland. The acquisition…

The home of the Morningside branches of Waitrose and Kwik Fit in Edinburgh has been sold in a deal that exceeded the £18.15 million asking…

By Mark McSherry SSEN Transmission has pledged to support the building of more than 1,000 new homes across the north of Scotland as the important…

UK government borrowing in the six months to September 2024 was £79.6 billion, £1.2 billion more than at the same point in the last financial year…