Scottish Financial Review

Scottish Mortgage Investment Trust once again retained its title as the most-popular investment trust among Interactive Investor customers in May, despite the fund’s high-flying share price…

UK regulators have approved Shell’s revised plan to develop the giant Jackdaw gas field 250 kilometres east of Aberdeen as the Westminster government seeks to boost domestic…

The CEO of German asset manager DWS, which recently agreed a deal to buy Perth-based transport giant Stagecoach, has decided to resign after raids by prosecutors…

Intel announced it has signed an agreement to acquire Edinburgh-based Codeplay Software, which it called “a global leader in cross-architecture open standards-based developer technologies.” Subject…

The board of Edinburgh-based airport logistics giant John Menzies announced that its shareholders voted to approve the £571 million cash takeover offer from Kuwait-based National Aviation Services…

Abrdn said its European Balanced Property Fund is making a number of acquisitions in the logistics, hotels and senior living sectors for a total of…

Edinburgh-based ready meals firm Parsley Box Group plc on Wednesday published a trading update for the five months ending May 31 and revised guidance for FY22….

The boards of Edinburgh-based Capricorn Energy and London-based Tullow Oil have agreed to merge the companies in an all-share transaction. Tullow said the proposed deal is a…

Aberdeen-based global engineering and consulting giant John Wood Group said it agreed to sell its Built Environment Consulting business to Canada’s WSP Global Inc. for…

The Scottish Government has published what it called an “ambitious but realistic” public spending framework which it said outlines “how more than £180 billion will…

Scotland recorded a 14% increase in Foreign Direct Investment (FDI) projects in 2021, according to Ernst & Young’s (EY) latest Annual Attractiveness Survey. This compared…

Edinburgh-based investment giant Abrdn has completed its £1.49 billion cash acquisition of Manchester-based Interactive Investor (ii), the UK’s second largest investment platform for private investors. Abrdn said…

The Scottish Government’s Resource Spending Review on May 31 will have to “either take the axe to certain areas of spending, signal higher levels of taxation…

Edinburgh-based Menzies Aviation, the global aviation logistics specialist, announced it has renewed a ground services contract with Air Canada at Heathrow Airport (LHR) and won…

A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers, saw many shareholders vote against its directors’ remuneration at the firm’s…

Perth-based transport firm Stagecoach said its subsidiary Stagecoach Bus Holdings Limited agreed to acquire Kelsian Group’s east London bus operations and depot at Lea Interchange…

Forth Ports said it has submitted a Proposal of Application Notice (PAN) to The City of Edinburgh Council for Harbour 31, a mixed-use development on…

New research commissioned by Co-operative Development Scotland (CDS), part of Scottish Enterprise, has given the clearest picture yet of Scotland’s employee-owned businesses (EOBs) and their…

The UK government on Thursday announced a 25% windfall tax on oil and gas producers’ profits –alongside a £15 billion package of support for UK…

Aberdeen-based bus and rail giant FirstGroup plc announced it has received a series of unsolicited, conditional proposals from private equity group I Squared Capital Advisors (UK)…

Professor Graeme Roy has been appointed the new chair of the Scottish Fiscal Commission, Scotland’s official independent economic and fiscal forecaster. Following a vote in…

SSE plc, the Perth-based renewable energy and power networks giant, said on Wednesday its investment in Great Britain’s electricity infrastructure system could total in excess of £24…

Edinburgh investment giant Abrdn is “on the lookout for the right signs” to increase its exposure to bonds amid the soaring inflation that is “upending traditional…

Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), said on Tuesday the society’s global membership growth, which it considers a…

Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc on Tuesday reported revenue growth of 23% to £22 million in the year to March 31, 2022,…

UK government borrowing was £144.6 billion in the financial year ending (FYE) March 2022, revised down by £7.2 billion from last month’s first provisional estimate, but remaining…

The General Assembly of the Church of Scotland on Monday overwhelmingly approved a Declaration of Friendship with the Catholic Church in Scotland. The Moderator put…

Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, said on Monday its April 2022 gold concentrate sales totalled just over £1 million for…

Property investment volumes in Scotland reached £460 million in the first quarter of 2022, up from £380 million a year ago, but 20% below the five-year…

Glasgow-based DeepMatter Group plc, the AIM-listed digital chemistry data and software company, said it will appoint former IP Group CEO Alan Aubrey as its non-executive chairman…

Wealth fund managers who align investment strategies to green and sustainable stocks have become “highly prized recruits” in a restricted Scottish employment market, according to…

Edinburgh-based Stamp Free Limited, the digital postage company, said it raised £600,000 in an oversubscribed funding round as the business makes progress towards the commercial…

German asset manager DWS — a standalone unit of Deutsche Bank — said on Friday it has won control of Perth-based transport giant Stagecoach as…

By Mark McSherry US House of Representatives Speaker Nancy Pelosi has warned the UK government there could be no US-UK trade deal if the UK…

Edinburgh-based Securities Trust of Scotland, the £250 million global fund, reported that its net asset value total return for the year to March 31, 2022, was…

Aberdein Considine has announced it will merge with Edinburgh law firm and solicitor estate agent Russel+Aitken Edinburgh LLP. The combined businesses – which will trade…

By Mark McSherry Scottish Mortgage Investment Trust has admitted it made a “mistake” in reducing its holdings of western online platform companies rather than their…

The oil and gas industry will pay £7.8 billion in UK taxes this year, and will likely pay another £4.8 billion in 2023-24, Offshore Energies…

Edinburgh-based investment giant Abrdn plc announced that all resolutions put to its Annual General Meeting on Wednesday were passed — but some of the votes…

Aberdeen biologics company Elasmogen has secured £8 million investment in a funding round led by BGF and Scottish National Investment Bank, with additional support from existing…

UK inflation surged in April to its highest annual rate since 1982, increasing the pressure on finance minister Rishi Sunak to help households facing a…

Forestry and Land Scotland (FLS) is calling for corporate investors to help it make progress with woodland creation and peatland restoration projects on land that…

Kintore, Aberdeenshire-based oil and gas pipeline specialist STATS (UK) Limited announced its revenues increased 17% to £49.7 million while EBITDA earnings rose to £7.8 million from…

The Scottish Government has announced that six Scottish islands will become carbon neutral by 2040. It said the Carbon Neutral Islands project is a programme…

North Yorkshire-based renewable energy firm Drax has submitted its application for planning consent to build a new underground pumped storage hydro power station which would…

Edinburgh-based investment giant Baillie Gifford revealed on Tuesday that its assets under management and advice have fallen more than 30% to £239 billion since the…

Macfarlane Group, the Glasgow-based packaging, design and distribution firm, has announced the acquisition of PackMann Gesellschaft für Verpackungen und Dienstleistungen mbH (PackMann), a protective packaging distribution…

The unemployment rate for people aged 16 and over in Scotland fell to a record low of 3.2% in the January to March quarter, according…

Homes for Scotland (HFS) has announced that BT executive Jane Wood will be its new chief executive with effect from Wednesday, June 1. Wood succeeds…

An investment director at Edinburgh-based asset management giant Abrdn has warned that slowing growth and rising inflation will likely erode the profitability of companies going…

Veteran Scottish investment banker Angus Grossart has died at the age of 85 after a short illness. Edinburgh-based merchant bank Noble Grossart confirmed its chairman…

Savills’ latest report on the Glasgow office market has reported that Scotland’s biggest city is at a “tipping point” as a lack of new office…

Former Scottish Rugby chief operating officer Dominic McKay has been confirmed as permanent chairman of the European Professional Club Rugby (EPCR), tournament organiser of the Heineken…

Shepherd Chartered Surveyors announced it has been appointed by the joint administrators of Countesswells Development Limited (CDL) to market a massive 3,100-home development site west…

Salmon Scotland, the body which represents the Scottish salmon industry, has raised fears that a “trade war” with the EU could have a devastating impact…

The latest Royal Bank of Scotland Report on Jobs survey from IHS Market shows that the start of the second quarter saw a “further marked increase…

The rebranded Port of Aberdeen has reported a 1.5% increase in turnover to £33.5 million for 2021 — as progress continued with its £400 million expansion…

Edinburgh-based bathroom wall panel designer Grant Westfield has agreed to be acquired by Wilmslow-based Norcros for an enterprise value of £80 million, with an additional potential earnout…

A rare, early portrait of Anglo-Irish author Jonathan Swift is to be auctioned live online from Edinburgh by fine art auctioneers Lyon & Turnbull on…

London-based wealth manager Tilney Smith & Williamson, which is re-branding to Evelyn Partners this summer, has further strengthened its presence in Scotland by adding Capital…

Abrdn CEO Stephen Bird has joined the Investment Association’s board of directors, replacing outgoing director Hanneke Smits, CEO of BNY Mellon Investment Management. The Investment…

TIGA, the trade association for the UK video games industry, released new data showing that employment in the Scottish video games development industry grew 26%…

Fintech platform Ferovinum has announced its launch into the Scotch whisky industry, backed by institutional capital of £100 million. The fintech business behind Ferovinum — a…

The chief executive of Edinburgh-based Capricorn Energy told the firm’s AGM on Wednesday that the last 12 months have been “transformational” for the company as…

Baillie Gifford’s Scottish Mortgage Investment Trust has lost its position as the largest UK investment trust by stock market value amid the brutal sell-off in…

The Service Employees International Union (SEIU) in the United States said it has raised concerns with investors about “possible impacts on workers rights” stemming from…

Edinburgh Airport has announced it handled almost a million passengers in April — but this was 26% fewer than in the same month in 2019….

Abrdn Research Institute’s deputy head Stephanie Kelly has left to join investment manager Redwheel in the newly created role of head of thematic sustainability research….

Macfarlane Group, the Glasgow-based packaging, design and distribution firm, said on Tuesday it has made a solid start to 2022 with first quarter sales and profits…

Private sector activity growth in Scotland accelerated to an 11- month high in April, according to the latest Royal Bank of Scotland Purchasing Managers Index…