Scottish Financial Review

Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, has announced big changes to its board. Scotgold said Sean Duffy, 52, joins the firm…

Scotland’s Chief Statistician has released statistics showing Scotland’s gross domestic product (GDP) grew 6.9% in 2021 compared to 2020. Equivalent UK growth over the year…

Edinburgh-based investment giant Abrdn announced on Tuesday afternoon that 80% of its shareholders approved the resolution put to its General Meeting to acquire Manchester-based investment…

James Watt, co-founder of Aberdeenshire-based craft brewing firm BrewDog, has hit back in a LinkedIn posting at the most recent allegations against his company. In…

The London Stock Exchange Group (LSEG) on Tuesday announced a strategic investment and long-term partnership with digital private asset platform Floww to enter the growing…

Glasgow-based Smart Metering Systems plc (SMS) said its 2021 revenue rose 5% to £108.5 million and underlying profit before tax rose 20% to £18.3 million….

Scottish private sector output rose at an accelerated pace in February, according to the latest Royal Bank of Scotland Purchasing Managers Index (PMI) report from…

Closed life and pension fund consolidator Phoenix Group Holdings plc reported record cash generation of £1.717 billion for 2021, exceeding its annual target range of £1.5…

Edinburgh-based Craneware, a provider of software for the US healthcare market, said its revenue increased 111% to $80.2 million in the six months ended December 31,…

SSEN Transmission – the electricity transmission owner for the north of Scotland – has submitted to the energy regulator Ofgem £400 million proposals to reinforce…

Standard Life, part of Phoenix Group, has announced the appointment of three hires to its Defined Benefit Solutions business. Kieran Mistry joins as Senior Business…

The latest Royal Bank of Scotland Report on Jobs from IHS Market showed a strong uplift in hiring activity across Scotland in February. Permanent placements…

The Institute for Fiscal Studies (IFS) has warned that UK finance minister Rishi Sunak will either have to spend and borrow billions of pounds more…

Scotland is suffering from a chronic housing shortfall approaching 100,000 new homes as a result of “significant and consistent” undersupply over the last 14 years,…

Shares of Edinburgh-based ready meals firm Parsley Box Group plc rose about 20% on Thursday after it announced a proposed equity fundraising of £5.9 million via a…

ScotWind Offshore Wind Leasing Round partners ScottishPower and Shell are set to invest a total of £75 million “to help the supply chain and businesses support…

Glasgow-based media firm STV Group plc said on Wednesday its 2021 revenue rose to a record of £144.5 million, up 35% on 2020 and up 17% on…

Three new national organisations for education are to be created in Scotland in a major attempt “to drive improvement in education.” A new public body…

The board of Perth-based transport giant Stagecoach announced it has agreed to a rival £595 million cash takeover bid from German asset manager DWS that would…

XPS Pensions Group plc, the pensions actuarial, consulting and administration business, said it has entered a strategic alliance with Edinburgh-based investment giant Abrdn plc to…

Edinburgh-based Capricorn Energy — formerly called Cairn Energy — said on Tuesday it made a 2021 pretax profit of $873.7 million from continuing operations compared…

The UK’s Takeover Panel has extended the deadline by which Kuwait-based National Aviation Services (NAS) must make a firm takeover offer for Edinburgh-based aviation logistics giant John…

ISA investors have kept faith in Baillie Gifford and its flagship fund Scottish Mortgage despite the turbulent start to 2022 for stock markets and the…

Edinburgh-based Capricorn Energy — formerly called Cairn Energy — is publishing a shareholder circular relating to the proposed return of $500 million of the $1.06…

Dundee investment trust company Alliance Trust plc announced that its investment manager Willis Towers Watson (WTW) has terminated River and Mercantile (R&M) Asset Management LLP’s mandate…

Polling for charity Citizens Advice Scotland (CAS) by YouGov has found 41% of Scottish adults found their financial position got worse during the pandemic, with…

Eilidh Mactaggart, the former chief executive of the Scottish National Investment Bank, has said she resigned from the £235,000-a-year job for “personal reasons.” The Scottish National…

Standard Life, part of Phoenix Group, and the Organisation for Economic Co-operation and Development (OECD) have announced a major new Joint Research Initiative on pensions….

HFD Property Group announced it has agreed terms with HSBC UK to refinance its flagship 177 Bothwell Street development in Glasgow. 177 Bothwell Street’s occupiers…

Royal London said on Friday its assets under management increased about 11% to a record high of £164 billion due to positive market movements and…

London-based asset manager Schroders plc said on Thursday its 2021 profit before tax rose 25% to £764.1 million and its assets under management (AUM) increased by 10% to…

Bosses at Edinburgh-based investment giant Abrdn — including the CEO, CFO and chairman — have bought a total of £300,000 worth of shares in the asset…

Aberdeen-based North Star said it has been awarded new contracts worth more than £100 million to support new and existing clients in the UK Continental…

Businesses in Scotland are being urged by the Scottish Government to withdraw from trading with Russia following its invasion of Ukraine. Finance and Economy Secretary…

Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, announced it has entered into a short term loan facility with Bridge Barn Limited, a company…

Unilever UK Limited and four divisions of Scotch whisky giant Diageo have been expelled from a UK government-backed code that promotes fair treatment of suppliers…

Edinburgh-based Miller Homes said Stewart Lynes will be appointed chief executive officer at the end of March, 2022, succeeding current CEO Chris Endsor, who will become executive…

Glasgow-based sausage skin and food collagen products firm Devro said its revenue grew 1.9% to £252.4 million in the year to December 31, 2021. Underlying operating profit rose…

French company Altrad announced it agreed to acquire Aberdeen-based Sparrows Group, a specialist provider of engineering, inspection, operations, and maintenance services in the offshore energy,…

Shares of Glasgow-based global engineering and mining giant Weir Group rose about 10% on Wednesday after it published results for the year ended December 31, 2021, showing…

Renowned Scottish violinist and educator Nicola Benedetti will become the Director of the Edinburgh International Festival in October 2022. She will be both the first…

Shares of Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc rose about 14% on Tuesday after it published a positive update on trading for the year ending…

Entrepreneur and philanthropist Tom Hunter said on Tuesday the Scottish Government’s latest announcement on its 10-year economic strategy is a “wish list with no magic…

NHS Scotland’s workforce has reached a record high of 155,834 whole time equivalent (WTE) staff — or a total headcount of 180,653. The number of…

Abrdn plc announced board changes with its annual results on Tuesday as the Edinburgh investment giant revealed that Martin Pike and Jutta af Rosenborg, its…

Edinburgh-based investment giant Abrdn on Tuesday reported a 47% rise in 2021 adjusted operating profit to £323 million as its fee-based revenue rose 6% to…

Equity investment in Scotland’s smaller businesses reached £403 million by the end of 2021’s third quarter, more than double the same period in 2020, according…

Shell plc has announced its intention to exit its joint ventures with Russia’s Gazprom and related entities, including its 27.5% stake in the Sakhalin-II liquefied…

Shares of McColl’s Retail Group plummeted another 66% on Monday to around 2.57p after it published an update on its financing. McColl’s confirmed it recently…

The Scottish Association of Landlords (SAL) has said the Scottish Government “must dump damaging rhetoric criticising private landlords” and instead encourage investment in the sector…

Martin Gilbert’s fast-growing investment firm AssetCo plc has reached agreement to acquire Edinburgh-based Revera Asset Management Limited for about £2.8 million in shares and cash. The…

BP has announced it will exit its 19.75% stake in Russian oil giant Rosneft — the most significant move yet by a Western company in…

The £3.5 billion Dundee investment trust company Alliance Trust plc has announced it wants to “achieve a more ethnically diverse board” over the next two…

The Edinburgh and Glasgow office markets recovered in 2021, with leasing volumes at more than 1.2 million sq ft and investment across both cities reaching £571…

The Scottish National Investment Bank announced on Friday that chief executive officer Eilidh Mactaggart has resigned. No reason was given for the departure. Chief financial…

The Abrdn UK Smaller Companies Trust plc has reported that its net asset value total return was 12.4% for the six months to December 31, 2021,…

Farmland values in Scotland rose at a faster rate than elsewhere in the UK in 2021 “with demand for land proving extremely strong” according to…

Edinburgh-based Capricorn Energy — formerly called Cairn Energy — confirmed on Thursday it finally received the expected tax refund of $1.06 billion from the government of…

Macfarlane Group, the Glasgow-based packaging, design and distribution firm, said on Thursday that its sales from continuing operation rose 26% to £264.5 million in the…

Scotland’s onshore GDP fell by 0.4% in December, according to statistics announced on Wednesday by the Chief Statistician. Output remains above the pre-pandemic level of…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, announced some big board changes on Wednesday. Senior…

Managers of some of the most high profile investment trusts run by Edinburgh-based asset management giant Abrdn have published investment outlooks for their funds as…

The Scottish Government said on Tuesday that 45.1% of school leavers in Scotland in 2020-21 went on to higher education courses at college or university…

More than 1,000 job opportunities at Edinburgh Airport will be advertised over the coming weeks as the airport launches a recruitment campaign ahead of the…

By Mark McSherry Beeks Financial Cloud Group plc, the Glasgow-based connectivity provider for financial markets, announced the signing of another multi-year contract for its recently…

Edinburgh-based Capricorn Energy — formerly called Cairn Energy — announced that it appointed former Aker Solutions CEO Luis Araujo to its board as an independent non-executive…

Elgin-based Springfield Properties, Scotland’s only listed house builder, has reported a record order book despite revenue and profit before tax declining in the six months ended…

Shares of Aberdeen-based engineering giant John Wood Group plc fell about 16% on Tuesday after it announced it expects to report an exceptional charge of…

Proteus, a Cambridge data-driven consultancy firm, has announced the acquisition of Edinburgh AI-driven business software development company Sharktower in a roughly £10 million deal. Sharktower CEO…

The board of Edinburgh-based aviation logistics giant John Menzies plc said on Monday it “would be willing unanimously to recommend” a final cash takeover offer…