Scottish Financial Review

BlackRock, the world’s biggest asset manager, has announced it will join FinTech Scotland, the cluster management organisation for the fintech sector in Scotland. BlackRock’s expertise…

Revolut chairman Martin Gilbert is part of a group in talks to buy the Monaco-based arm of Banque Havilland SA, which last month lost its license…

Ascensos, the Motherwell-based contact center firm for retail and eCommerce businesses, has been acquired by India-based Firstsource Solutions Limited, a global provider of “specialist domain-led Business…

Edrington said on Monday it has reached an agreement to sell The Famous Grouse and Naked Malt Scotch Whisky brands to William Grant & Sons. Edrington…

A new report commissioned by Scottish Environment LINK, has assessed the socio-economic benefits of Scotland’s National Parks for businesses working within them. Scottish Ministers are…

The Ineos Forties Pipeline System, which connects 80 offshore gas and oil fields to the UK mainland, may shut down as early as 2030 because…

Nest, the UK pension scheme managing £43 billion of assets on behalf of a third of the UK workforce, has announced a new partnership with…

Invizius – the Edinburgh-based biotech company developing breakthrough treatments for patients on dialysis – has raised £950,000 in a funding round led by Mercia Ventures…

Innis & Gunn founder Dougal Sharp has called on Scottish punters to buy homegrown lager after it was revealed it was the only Scottish-brewed premium…

Scotland’s colleges need more clarity from Scottish ministers on what parts of their role to prioritise, as the sector’s financial challenges mount, according to a…

The University of Dundee has been named Innovative & Entrepreneurial University of the Year in the Triple E Awards for Europe. “The Triple E Awards…

Forth Ports, the UK’s third largest ports group, has announced two more senior management changes, with Paul Dale becoming chief operating officer and Carole Cran…

UK government debt has reached 100% of GDP for the first time since 1961 after another large budget deficit in August, adding to the problems that…

Dundee-based Broker Insights, the data and distribution platform that connects UK insurance brokers and insurance companies, has announced that six years after launch, brokers have…

Shares of Edinburgh-based oil and gas firm Capricorn Energy rose as much as 7% after it published results for the six months ended June 30,…

Edinburgh investment giant Abrdn has welcomed the news that the UK government and the Financial Conduct Authority (FCA) have temporarily exempted investment trusts from complying…

Private equity firms TDR Capital and I Squared Capital are considering options to exit their ownership of Glasgow-based mobile power giant Aggreko plc, according to a…

Thirteen global companies, chosen for their capacity to harness AI for good in the areas of health, climate and social impact, are set to benefit…

John Wood Group plc, the Aberdeen-based engineering and consulting giant, said it has been awarded the front-end engineering design (FEED) for a long-haul, large diameter liquids-rich…

Kingdom Group said it has secured £50 million in funding to support its ongoing commitment to building affordable homes across Fife, Perth & Kinross, Clackmannanshire…

Scotland-based biotechnology innovator MiAlgae is set to expand its operations after securing £14 million in a Series A funding round to help it scale the…

BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX have announced the Global AI Infrastructure Investment Partnership (GAIIP) “to make investments in new and expanded data…

Edinburgh-based Aegon Asset Management said its Multi-Asset Credit mandate is now live, with an initial investment of £720 million from Aegon UK. The Multi-Asset Credit…

Edinburgh investment giant Abrdn said its £1 billion Murray Income Trust plc generated a Net Asset Value (NAV) per share total return of 9.9% for…

Edinburgh-based upmarket home builder Cala Group said it has been acquired from Legal & General Group Plc by investment firm Sixth Street Partners and Patron Capital,…

Grant Thornton has published a report called the “Economic Impact Of AIM” commissioned by the London Stock Exchange. AIM is the exchange’s stock market for…

London-based international law firm Mishcon de Reya announced that Alison Rose, former CEO of NatWest-RBS, has joined the firm as an advisor. Rose was forced to…

Tortoise Media announced that is in talks with the Guardian Media Group (GMG) to buy The Observer, the world’s oldest Sunday newspaper. The Observer, established in…

The UK oil and gas industry has more than halved methane emissions since 2018 and reduced overall emissions associated with the production of oil and…

Elgin-based house builder Springfield Properties plc said it will resume dividend payments “earlier than initially anticipated” after slashing its debt in the year to May…

More than half of Scottish businesses (57%) have experienced “little to no impact” from the Scottish Government’s income tax policy, while 34% have felt the…

Celtic plc said its revenue increased 3.9% to £124.6 million in the year to June 30, 2024, but its profit before taxation fell to £17.8 million…

SSE Renewables contributed over £2 billion to the UK and Irish economies over its last financial year and supported 16,000 green jobs. That’s according to…

Phoenix Group Holdings plc, owner of Standard Life, said on Monday it has decided to discontinue the sale process for its SunLife business “given the…

Food and drink wholesaler JW Filshill, one of Scotland’s oldest independent food and drink wholesalers, said its turnover increased 6% to £215 million in the…

Edinburgh-based Aegon Asset Management has announced the return of Neil Goddin to the business in a new role as head of equities and multi-asset, effective…

By Mark McSherry The board of Baillie Gifford’s $1.2 billion Schiehallion Fund Limited gave its backing on Friday to the fund’s chair Linda Yueh after…

Edinburgh-based Quorum Cyber said it has acquired Difenda, a Canada-based Microsoft Solutions Partner for Security, further cementing Quorum Cyber’s position in Microsoft Security services. “The…

The UK and Scottish governments have announced a joint investment plan for Grangemouth including a £100 million funding package following confirmation from Petroineos that it…

Forth Green Freeport (FGF) said it has submitted its Full Business Case (FBC) to the Scottish and UK Governments. FGF said this is a major…

The Scottish National Investment Bank said it has invested £20 million in ZeroAvia, a developer and manufacturer of zero-emission engines for commercial aviation. The bank said…

Glasgow-based ILC Therapeutics, a specialist developer of hybrid interferons, a new drug class engineered for improved therapeutic profiles across multiple indications, said it has successfully…

Clean heat technology company Exergy3 — a recent spinout from the University of Edinburgh — has announced the successful closure of a £1 million pre-seed funding…

Growth capital investors BGF said it has added two new team members to its Scotland-based team following strong recent activity in the country and said…

The UK’s Office for Budget Responsibility (OBR) said on Thursday that UK government debt is projected to almost triple from under 100% of GDP to 274%…

CBI CEO Rain Newton-Smith is to call on the Scottish and UK governments to unleash the “restless energy” of business to “help turn Scotland’s energy…

The Scotch Whisky Association (SWA) revealed that exports of Scotch Whisky in the first half of 2024 fell by 18% compared to the same period…

Private equity firm Maven said it has fully exited its investment in Livingston-based CB Technology (CBT), a specialist electronics contract manufacturer (ECM), following its acquisition…

Scottish Rugby said it has appointed Alex Williamson as its new chief executive. The 50 year-old joins Scottish Rugby from private equity-owned education provider Inspiring…

The latest research from TheCityUK outlines how Scotland’s financial and related professional services industry is a critical driving force of jobs and economic growth across…

Aberdeen-headquartered transport giant FirstGroup plc announce that former Scottish Enterprise CEO Lena Wilson will join its board as chair on February 1, 2025. Wilson is…

Glasgow-based Solasta Bio, an agri-biotech company specialising in the next generation of green insecticides, has completed an oversubscribed $14 million Series A funding round to…

Estimates sourced from the UK Office for National Statistics (ONS) Labour Force Survey for May to July 2024, compared with the quarter before, show that the…

Edinburgh-based BioCaptiva has been granted its first US patent for its liquid biopsy technology that efficiently captures cell-free DNA (cfDNA) directly from blood and other bodily…

Abrdn Global Sustainable Infrastructure Partners IV LP (aGSIP) and The Circular Economy Development Ltd (TCED) have reached financial close on an anaerobic digestion plant. It…

Abrdn said on Tuesday that Jason Windsor, previously its group chief financial officer and currently interim group chief executive officer, has been appointed as group…

UK Government-sponsored listed investment companies could support UK economic growth and deliver on national priorities, according to a new paper Making People Better Off  from the Association…

The latest Demos-PwC “Good Growth for Cities Index” revealed that Edinburgh and Glasgow have improved their performance in the rankings of UK cities against last…

Outflows from UK stock funds remained high at £919 million for July, according to the latest data published by the Investment Association (IA). However, the…

South of Scotland Enterprise (SOSE) said it made significant investments of £13.7 million into business and community enterprises in the year from April 2023 to March…

UK pension fund allocations to London-listed shares has fallen to 4.4% compared with over 50% of their assets 25 years ago, according to a study…

Mutually-owned Nationwide Building Society said regulators the FCA and the PRA have given their consent for its £2.9 billion cash acquisition of listed bank Virgin…

Abrdn has announced a series of internal promotions in its £130 billion fixed income investment team as Craig MacDonald, Global Head of Fixed Income, leaves…

The longlist for the 2024 Baillie Gifford Prize for Non-Fiction has been announced. The winning author will receive £50,000, with the other shortlisted authors receiving…

The North Sea Transition Authority (NSTA) said a “huge” opportunity exists with “well interventions” to access oil and gas resources in a “more timely, clean,…

Scottish Land & Estates (SLE), the rural business organisation, has questioned the need for further land reform after it emerged the Scottish Government has been…

Abrdn Adviser has announced the appointment of Louise Williams to the role of chief financial officer (CFO). Abrdn Adviser is a business of Edinburgh investment…

Edinburgh investment giant Abrdn has listed its first ETF (exchange-traded fund) on the London Stock Exchange. Abrdn, which has around £500 billion in assets under…

The housing equity of Scots aged over 55 stands currently at £209.5 billion, according to analysis by the Equity Release Council of UK Government and Bank…

The Scottish Government said that Scottish farming businesses will see support payments start to reach their bank accounts this week with initial payments worth £243…