Scottish Financial Review

French investment firm Iroko Zen has paid around £50 million to acquire Morgan Stanley’s office building in Glasgow in what is understood to be the largest…

Montrose Port Authority (MPA) said it is set to embark on a major expansion with the acquisition of Montrose Commercial Park and the adjacent former…

Future Growth Capital (FGC), the new private markets investment manager announced by Schroders plc and Standard Life parent Phoenix Group, announced that regulatory approval has…

Abertay University in Dundee has officially become Scotland’s first Adobe Creative Campus, part of a group of colleges and universities that have empowered students in…

The University of Aberdeen has announced a “new approach to fostering an enhanced spin-out culture” at the the institution that will now see it reduce…

Deltic Energy Plc said on Monday the UK “is not the ideal place in which to invest in new oil and gas exploration or appraisal…

Aberdeen-headquartered transport giant FirstGroup plc announced it acquired Anderson Travel, a central London based coach company comprising three trading entities, Anderson Travel Limited, Anderson Tours…

Property consultancy JLL said it has been instructed to seek offers in excess of £31.58 million for the building that houses the Johnnie Walker Princes…

The Scottish National Investment Bank (SNIB) has confirmed the reappointment of Tracey Ashworth-Davies, Jason McGibbon, Nicholas Moon and Candida Morley as independent non-executive directors of the…

New figures have revealed that international tourism in Scotland continued to outperform other parts of the UK in the first half of 2024, with almost…

Pensions & Investment Research Consultants Ltd (PIRC), the UK-based corporate governance and proxy voting consultancy, has announced big changes to its leadership team. The changes will…

Confidence amongst Scottish businesses is expected to hold steady for the next six months, with many firms in a “wait-and-see” mode as they look to…

A project to create a new high-end recording studio on the island of Mull has been awarded up to £39,000 by Highlands and Islands Enterprise…

Investing Women Angels (IWA) announced it will back a series of investment rounds over the next four months that is set to raise more than…

Equity deal activity involving smaller businesses in Scotland picked up during the first half of 2024, one of only two parts of the UK to…

Canadian decarbonised heating specialist Noventa Energy has acquired three heat-from-wastewater assets from a subsidiary of Scottish Water. Noventa said it will now apply its proprietary…

Edinburgh-based Abrdn, the global investment company, called on Thursday for “urgent measures” to be introduced by the UK government to “protect and support” listed smaller…

BrewDog co-founder James Watt said the firm has finally published its annual report for 2023, showing group revenue rose 14% to £366 million — but also…

Mark Logan, Chief Entrepreneurial Advisor to Scottish Government, said on Wednesday he has resigned from the role after “increasingly becoming a target for some in…

Aberdeen-based consulting and engineering group Wood plc announced it is leading a Joint Industry Partnership (JIP) to create industry guidelines for CO2 specifications to accelerate sustainable…

Edinburgh asset management giant Baillie Gifford has written to investors in its Baillie Gifford Health Innovation Fund to inform them of the fund’s closure after…

The Scottish Chambers of Commerce’s latest Quarterly Economic Indicator has revealed that fears over increased UK taxes and uncertainty over the impact of the UK Labour…

Amsterdam-listed parcel locker company InPost Group said it has acquired the remaining 70% stake in Menzies Distribution Limited in an all-cash transaction valued at £60.4…

Portugal’s main power utility EDP initiated merger discussions with Perth-based electricity infrastructure giant SSE earlier this year, but talks did not progress, according to a Reuters…

Scotland’s most important business organisations have called on UK finance minister Rachel Reeves to reduce the tax burden on Scotch Whisky in her first Budget…

Standard Life, part of Phoenix Group, has announced the appointment of Andrew Davies as independent chair of its Independent Governance Committee (IGC) which oversees the…

By Mark McSherry New research from Edinburgh investment giant Abrdn said UK smaller companies (small caps) globally are at historically cheap valuations – and UK…

Aberdeen & Grampian Chamber of Commerce (AGCC) has warned UK finance minister Rachel Reeves that 100,000 jobs rest on her sparing businesses operating in the…

Alex Salmond, the former First Minister of Scotland and one of the most prominent figures in the Scottish independence movement, died on Saturday, Reuters reported….

Aberdeen has been selected as the strategic and operational headquarters for Green Volt, a joint venture between Flotation Energy and Vårgrønn, paving the way for…

BrewDog co-founder James Watt has claimed that “liberal democracy in the UK is facing an existential crisis” because the interest being paid on UK government…

Twelve Scottish business founders are being given the opportunity to showcase their products and attract international investment in one of the world’s biggest tech economies….

Scottish Widows has confirmed it will kill off its iconic “widow” model that has featured in its branding for decades. The £200 billion life insurer…

Edinburgh investment giant Baillie Gifford announced that Rachel Clarke, Richard Flanagan, Annie Jacobsen, Viet Thanh Nguyen, Sue Prideaux and David Van Reybrouck are the six authors…

Fraserburgh-based craft soft drinks producer Summerhouse Drinks has announced the acquisition of Ella Drinks, a Brechin-based producer of pressed fruit juices, following the retirement of…

Troubled Glasgow fashion firm Quiz plc announced on Friday that after more than eight years with the group, Gerry Sweeney has informed the board of…

ScottishPower owner Iberdrola, the largest electricity company in Europe, has announced plans to more than double its UK investment plans to as much as £24 billion,…

The Scottish Government must “move beyond making short-term savings to balance its budget” and “urgently reform” to address the public sector’s unsustainable finances, said Audit…

The newly-merged Alliance Witan investment trust announced that its investment manager, Willis Towers Watson (WTW), has appointed Jennison Associates as an additional stock picker for its…

TSB announced the appointment of Nicola Bannister as Director of Enterprise Services, subject to regulatory approval, joining the bank’s Executive Committee. This follows the departure…

The Financial Conduct Authority (FCA) said it has fined TSB Bank plc £10.9 million “for failing to ensure customers who were in arrears were treated…

UK mid-cap shares offer an “attractive hunting ground for investors where the companies are large enough to be resilient, yet small enough to be dynamic,…

Glasgow-based Neuranics said it has secured an £800,000 grant from Scottish Enterprise (SE) to support a £2.4 million project aimed at transforming how humans interact with…

Job creation in Scotland hit a 16-month high in September, according to the latest Royal Bank of Scotland Growth Tracker. “Scotland recorded growth in activity…

Edinburgh-based global asset manager Abrdn has published its latest quarterly House View on the macro-economy and investment outlook for the fourth quarter of 2024. Overall,…

A group of UK and Australian pension funds that manage £1.7 trillion are recommending carefully targeted policy action to unlock pension capital in order to…

Sotheby’s has announced a long-term partnership with Chivas Brothers, the Pernod Ricard business dedicated to Scotch whisky and makers of The Glenlivet and Aberlour, “to…

The London Stock Exchange saw just two new companies list on the main market and AIM, collectively raising £64.8 million, between July and September of…

The Scottish Government’s acting Cabinet Secretary for Net Zero and Energy Gillian Martin has announced the resignation of Donald MacRae as chair of the Water Industry…

Scotland’s population rose faster than at any time since the 1940s in the year to mid-2023, according to National Records of Scotland (NRS). “NRS Mid-Year…

Edinburgh-based asset management giant Abrdn plc has announced the expansion of its real estate investment business in Japan through its subsidiary, Abrdn Japan Limited. Abrdn’s strategic…

PwC announced it is preparing to relocate its staff in Glasgow to a new office in 2025. The firm’s 488 staff based in Glasgow will…

Royal London Asset Management (RLAM) announced the appointment of Phil Reid as Head of Sales, a newly created role. Royal London Asset Management manages £169…

John Wood Group plc, the Aberdeen-based engineering and consulting giant, said it has entered an agreement with Brazilian oil giant Petrobras “to deliver concept studies with…

A new £5.5 million initiative will aim to establish Scotland’s Central Belt as a global leader in sustainable electronics manufacturing and design. The Responsible Electronics…

Beeks Financial Cloud Group plc, the Glasgow-based connectivity provider for international financial markets, said its revenues increased 27% to £28.5 million in the year to June 30,…

Investment firm Foresight Group said it successfully exited Substantive Research, an Edinburgh and London-based FinTech providing product and pricing comparison for investment research spend, market data and…

Responsible finance provider Social Investment Scotland (SIS) has for the first time surpassed £50 million in active loans and investments to social enterprises, charities, community…

The latest quarterly economic commentary from the Fraser of Allander Institute (FAI) is forecasting growth for Scotland of 0.9% in 2024, 1.1% in 2025 and 1.2%…

Converge, Scotland’s springboard for university company founders, has announced the winners of its 2024 awards, showcasing innovations that address global challenges from environmental sustainability to…

Picton, the UK real estate investment trust (REIT), announced that Lena Wilson will step down as chair and non-executive director on January 31, 2025. “This…

The Scottish Professional Football League (SPFL) has published annual accounts showing it has grown its turnover to £44.3 million – the highest ever figure in…

Edinburgh investment giant Abrdn said it has expanded its £23bn global closed-end funds business with the reorganisation of two US funds it acquired from First…

Edinburgh-based oil and gas firm Capricorn Energy has updated shareholders on payments due from its Senegal interests. Capricorn said it may be entitled to an…

Edinburgh-based Resolution Therapeutics Limited announced it has raised £63.5 million in Series B financing round led by investment firm Syncona Ltd. Resolution is a clinical-stage biopharmaceutical…

The average selling price of residential property in Edinburgh, the Lothians, Fife and the Borders rose 4.9% during the July-September quarter 2024, taking the new…

Edinburgh and London-based private bank Hampden & Co said Tracey Davidson has taken over as its new chief executive officer, succeeding Graeme Hartop, who stepped…

Four leading UK academics have joined forces to warn the UK Government that its commitment to resetting relations with the devolved governments cannot be met…

Professor Jim McDonald announced he will retire as Principal and Vice-Chancellor of the University of Strathclyde in August 2025, after 16 years in the post….

More than £82 million of retirement savings in Scotland is predicted to be lost due to savers transferring to higher charging pensions in just one…