Scottish Financial Review

The Scottish Government announced that two new volunteer trade and investment envoys, based in California, have been appointed to promote Scotland’s business interests to American…

SSE plc, the Perth-based renewable energy and power networks giant, announced that it successfully launched an issue of hybrid capital securities which was “well received ……

Aberdeen-based accountants and business advisors Anderson Anderson & Brown (AAB) has strengthened its leadership team across the UK with five new partners. Four of the new…

Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc on Tuesday announced the acquisition of Stevenage-based iTrinegy Limited, a developer of “software defined test networks technology for…

Edinburgh-based ready meals firm Parsley Box Group plc has reported results for its first “very challenging” year as a listed company — showing revenue increased 4%…

Edinburgh-based global investment management partnership Baillie Gifford has announced it will appoint eight new partners from May 1, 2022, and that four partners — James Anderson,…

Shares of Aberdeen-based engineering giant John Wood Group plc rose about 13% on Monday after it said an external investigation into a legacy Amec Foster Wheeler…

The Scottish private sector registered its fastest expansion in nine months with another strong performance in March, according to the latest Royal Bank of Scotland Purchasing…

Glasgow-based global engineering and mining giant Weir Group announced it has completed the acquisition of Carriere Industrial Supply Limited (CIS), a manufacturer and distributor of highly engineered…

Edinburgh-based investment giant Abrdn announced that it abstained as a shareholder on voting to approve Rio Tinto’s annual reports and accounts — citing the “nature,…

Scottish Building Society said it has posted record results for the financial year ended January 31, 2022. The mutual has seen its balance sheet grow…

Israeli energy conglomerate Delek Group announced that its North Sea subsidiary Ithaca Energy has acquired Siccar Point Energy — which owns 70% of the controversial Cambo…

The Scottish Government announced that Louise Macdonald has been appointed “interim Director-General (DG) Economy” to lead delivery of the “National Strategy for Economic Transformation.” Macdonald,…

Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, announced on Thursday it entered into an agreement with Fern Wealth GmbH of Switzerland to arrange…

Scotland’s salmon farming industry has joined calls from the Scottish food and drink industry for more flexibility in the UK’s immigration system to help address…

The £228 million Baillie Gifford China Growth Trust plc reported that its net asset value total return was -27.0% and its share price total return was -37.1%…

A shortage of talent could hamper start-ups in Scotland’s booming financial technology sector, according to senior fintech experts who spoke to the latest Core-Asset Consulting Annual…

Murray Estates announced it has received final approval from the Scottish Government for its £500 million housing development and supporting infrastructure in West Edinburgh. Murray…

EY announced it plans to double the size of its UK and Ireland (UK&I) consulting practice in the next four years, backed by £75 million…

Hawick-based Emtelle Group, a global manufacturer of “pre-connectorised blown fibre, cabling and ducted solutions,” has announced it will expand into North America for the first time by opening…

Shares of Glasgow-based cloud computing firm Iomart Group rose about 11% on Tuesday after it published its pre-close trading statement for the year ended March 31,…

Abrdn and the University of Edinburgh have formed an industry-academic partnership to establish a Centre for Investing Innovation. The project will received funding of £7.5…

A number of high flying funds and investment trusts managed by Edinburgh investment giant Baillie Gifford came back down to earth with a bang in…

Beeks Financial Cloud Group plc, the Glasgow-based cloud computing and connectivity provider for financial markets, announced its intention to conduct a fundraising to raise gross proceeds of…

By Mark McSherry — As prominent international fund manager James Anderson prepares to leave Edinburgh-based investment giant Baillie Gifford after almost 40 years, he has written…

Shares of Glasgow-based fashion firm Quiz plc rose about 40% on Friday after it published a trading update for the financial year ended March 31,…

SSE subsidiary SSEN Transmission announced it agreed terms for a £350 million private placement with Pricoa Private Capital, part of PGIM, Inc. and one of…

The Scottish Government has announced the preferred bidders for two improved road maintenance contracts worth £1.27 billion in the north of Scotland. It said the…

By Mark McSherry RBC Wealth Management, a subsidiary of Royal Bank of Canada, announced that it will acquire UK wealth manager Brewin Dolphin for £1.6 billion in…

The latest Deloitte-sponsored quarterly economic commentary from the Fraser of Allander Institute (FAI) at the University of Strathclyde said that Scotland’s growth forecast for 2022 has…

Edinburgh investment giant Abrdn said it raised £205 million at the launch of its UK-focused Commercial Real Estate Debt fund II (CRED II), with a…

Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, has reported revenue of A$6.4 million (£3.6 million) for the six months to December 31, 2021….

The board of Edinburgh-based airport logistics giant John Menzies said on Wednesday it will recommend that shareholders accept a £571 million cash takeover offer from Kuwait-based…

The board of The Scottish Investment Trust plc announced on Tuesday that its proposed scheme of reconstruction and combination with JPMorgan Global Growth & Income plc…

The UK’s Pension Protection Fund (PPF) announced that its investments in forestry have grown 20% over the last year to reach £1 billion. Last year the…

Shares of Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), rose as much as 7% on Tuesday after it…

A new report from powerful trade body Offshore Energies UK (OEUK) has warned that the UK will have to import almost all its gas and…

A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers, said on Tuesday its statutory profit before tax rose 62.3% to £42.2…

Shares of Perth-based renewable energy and power networks giant SSE touched a record high over £17 a share on Tuesday after the company raised its annual earnings…

The Scottish Government is introducing a new Register of Persons Holding a Controlled Interest (RCI) in land on April 1, 2022, as part of its…

Stirling-based construction and infrastructure firm Robertson Group has reported a “bounce back in performance” following the pandemic with £588 million in turnover for the 12 months…

The City of Edinburgh Council has announced that the extension of the Edinburgh Trams system to Newhaven remains on schedule to begin services in the…

Scottish Widows has announced another £1.5 billion worth of divestments in an update to its environmental, social and governance (ESG) investment policy. The move contains…

NatWest Group, the bank formerly known as RBS, has finally returned to a majority private ownership 14 years after its £46 billion bailout by UK…

National Grid plc announced it agreed to sell a 60% equity interest in its UK gas transmission and metering business (NGG) to a consortium including…

The City of Edinburgh Council will invest £128 million over the next 12 months improving council homes and building new affordable homes in Scotland’s capital…

Edinburgh has maintained its place as a leading international financial centre in the latest Global Financial Centres Index (GFCI), placing seventh in Western Europe, second…

Real estate giant Hines has sold the Royal Mail sorting warehouse at Edinburgh’s Sighthill Industrial Estate to ICG Real Estate for an undisclosed price. The 215,745 square-foot…

XPS Pensions Group has warned that although UK pension schemes’ financial positions have improved substantially since the first lockdown in March 2020, long-term deficits are still…

Standard Life, part of Phoenix Group, said it has concluded a £175 million bulk purchase annuity (BPA) transaction covering all 2,000 members of the Findel…

Shares of Beeks Financial Cloud Group plc, the Glasgow-based cloud computing and connectivity provider for financial markets, rose about 13% on Thursday after it announced the…

Glasgow-based cloud computing firm Iomart Group has announced a new partnership with Oxfordshire-based cyber security specialists e2e-assure. “The agreement combines iomart’s cloud infrastructure expertise with…

Investment trust managers of Edinburgh-based investment giant Abrdn have unveiled their outlooks for global markets amid the Russia-Ukraine war, rising inflation, market volatility, the spike…

NatWest Group plc — the bank formerly known as RBS — announced it will hold its Annual General Meeting at the group’s Gogarburn headquarters on the…

UK finance minister Rishi Sunak announced tax cuts for workers and a reduction in fuel duty on Wednesday in his half-yearly budget update. Sunak set out…

The net revenue expenditure of Scotland’s councils was £11.108 billion in 2020-21, according to a report from the Chief Statistician. Revenue expenditure is the cost of…

A report from Audit Scotland has slammed the “multiple failings” that have led to the massive delays and cost overruns that continue to obstruct the…

ScottishPower — owned by Bilbao-based green energy giant Iberdrola — is planning to stop selling energy to UK industrial and commercial (I&C) customers, Reuters reported. Energy companies…

UK government borrowing was £138.4 billion in the 11 months to February 2022, the third-highest financial year-to-February borrowing since monthly records began, according to the UK’s Office…

Edinburgh investment giant Abrdn said Richard Charnock, its CEO of Discretionary, has decided to retire and will be stepping down from his role in April….

Madrid-based Telefónica Tech said it has acquired Glasgow-based data and analytics company Incremental, one of the fastest growing Microsoft partners in the UK, for up…

The UK’s Oil and Gas Authority (OGA) is planning to hold a North Sea oil and gas licensing round this year, according to a report in…

Edinburgh investment giant Abrdn has announced that Mark Redman, its global head of private equity, has left the company “to pursue other opportunities.” Abrdn refuted speculation…

NatWest Markets Plc has announced that its director of finance Simon Lowe will take on the role of interim chief financial officer (CFO) for NatWest…

Abrdn’s £1 billion Standard Life Private Equity Trust (SLPE) will be promoted to the FTSE 250, from the FTSE UK Small Cap index, following the…

A joint report from Audit Scotland and the Accounts Commission has said that a detailed analysis of how almost £5 billion of Covid-19 business support funding was…

The UK central bank raised its key interest rate for the third successive policy meeting on Thursday amid soaring inflation which the bank warned may rise above…

The US Federal Reserve has raised its benchmark interest rate by a quarter of a percentage point in the first increase since 2018 — and…

Hymans Robertson, the pensions and financial services consultancy, has promoted six executives to partner in its Glasgow and London offices. The company said Shirley Brown,…

Edinburgh investment giant Abrdn said it has invested £31 million on behalf of its strategic partner Phoenix Group in the refinancing of CORE Portfolio Investments…