Scottish Financial Review

Shares of Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc rose another 6% on Tuesday after it published an update on trading for the year…

The SSEN Transmission business of Perth-based energy giant SSE has published a discussion paper calling for views on the current Transmission Network Use of System…

Celtic plc said on Monday its revenue fell 23.7% to £40.7 million in the six months to December 31, 2020, and it made a loss before…

Global exports of Scotch Whisky fell by more than £1.1 billion or 23% to £3.8 billion in 2020, according to figures released on Friday by…

The Scottish Salmon Producers Organisation (SSPO) said on Friday that the worldwide Covid pandemic had a “significant and damaging effect” on exports of Scottish salmon…

The CEO of Chivas Brothers, the Scotch whisky business of Pernod Ricard, on Friday outlined the importance of the removal of tariffs on single malt Scotch exports…

Edinburgh-based investment giant Standard Life Aberdeen (SLA) is considering a name change amid reports that new chief executive Stephen Bird is mulling a deal to…

Alva-based Omega Diagnostics Group said on Thursday it agreed a contract with the UK’s Department of Health and Social Care (DHSC) to provide manufacturing capacity for…

Amsterdam overtook London as Europe’s biggest share trading venue in January — as Brexit saw about 50% of London’s trading volumes move to the continent…

Paris-based investment giant Amundi — Europe’s largest fund manager with €1.7 trillion of assets — announced that chief executive Yves Perrier will be succeeded by…

Brexit will cost the London economy up to £9.5 billion a year – with the city’s service sectors bearing the brunt of the downturn, according…

The UK government’s pension liabilities soared to £6.4 trillion in 2018, up 21% from 2015, according to new figures from the Office for National Statistics (ONS)….

Pensions and investment firm James Hay said on Tuesday it agreed to buy Edinburgh funds platform Nucleus Financial Group in an all cash deal that values Nucleus…

Baillie Gifford has claimed the top spot in FundCalibre’s seventh annual Fund Management Equity Index, pushing three-times winner Morgan Stanley into second place. Each year,…

Glasgow-based Smart Metering Systems (SMS) said on Monday that its chief financial officer David Thompson will leave the group on March 31, 2021, “to pursue another…

Scottish Widows said on Monday it will become the first UK major pensions and insurance provider to target halving the carbon footprint of all its…

The Scottish private sector “sunk deeper into a downturn” during the opening month of 2021 as lockdown measures stifled client demand and led some businesses…

Shares of Alva-based Omega Diagnostics Group rose another 35% on Monday after a newspaper report claimed it is one of three British companies selected by…

Thurso-based battery cell developer AMTE Power said on Monday it will seek a stock market listing on the London Stock Exchange’s AIM market. The company…

Shares of Glasgow-based mobile power giant Aggreko plc rose about 34% on Friday afternoon to about £8.50 after it confirmed it is discussions with a…

Permanent staff appointments across Scotland rose during January, ending an 11-month sequence of decline, according to the latest Royal Bank of Scotland Report on Jobs….

The Scottish Government has published its infrastructure investment plan that is backed by £33 billion over the course of the next parliament. “Significant capital investment…

Shares of oil and gas producer EnQuest plc fell about 8% on Thursday after it agreed to buy Suncor’s 26.69% equity interest in the Golden…

Edinburgh Airport said on Thursday it recorded its lowest number of passengers since 1995 in the last 12 months — and warned the outlook is…

The Investment Association (IA) — the powerful trade group for the Scottish and UK asset management industry — has called on companies to step up their…

Citigroup Inc’s incoming Scottish CEO Jane Fraser has told staff in a memo she has decided to form a new global operating team to build…

Dundee investment trust company Alliance Trust plc, which uses external fund managers Willis Towers Watson (WTW), said on Wednesday it has terminated Lomas Capital Management…

Edinburgh-based Menzies Aviation, the global aviation logistics specialist, has announced five new appointments — including three new strategic hires — to bolster its cargo team. Rory…

Metro Bank said on Tuesday it completed the sale of a £3 billion residential mortgage portfolio to NatWest Group plc. “Further to Metro Bank’s announcement…

Glasgow-based global engineering giant Weir Group said on Tuesday it has completed the sale of its oil and gas division to Caterpillar Inc. “The sale, for…

Dentons’ 20-strong Scottish private client team is joining Scottish-headquartered UK law firm Shepherd and Wedderburn to create one of Scotland’s largest private client practices. The…

Perth-based renewable energy and networks giant SSE plc said on Tuesday it has appointed banks to review options for divestment of all or part of…

Shares of Virgin Money UK rose about 7% on Tuesday after it published a first quarter 2021 update saying trading in the three months to…

The Scotch Whisky Association (SWA) said on Tuesday that losses suffered by the industry as a result of tariffs on Scotch Whisky exports to the United States…

Aberdeen Standard Investments (ASI) said on Monday it has launched the Multi-Asset Climate Solutions (MACS) Fund in partnership with The Big Issue Group (TBIG). Aberdeen…

TSB Bank plc said on Monday its customer deposits soared 14% to £34.4 billion in 2020 “due to reduced customer spending and growth in business…

Shares of Australia-based Scotgold Resources, the gold exploration and production company focused on Scotland, fell about 8% on Friday after it published a stock exchange…

Celtic plc announced on Friday that CEO Peter Lawwell has tendered his resignation and will retire from his role on June 30, 2021. The club…

French company Valneva SE said on Thursday it has started manufacturing a Covid vaccine at its Livingston plant in Scotland —  with UK supplies expected…

AGS Airports Ltd, which owns Aberdeen International, Glasgow and Southampton airports, has announced big changes to its executive committee. AGS Airports is jointly held by…

Thorntons Investments, the Dundee headquartered wealth manager, said it has acquired Aberdeen-based Matheson Financial Consulting and Dundee-based Sonas Wealth Management as part of its ambitious…

M&G plc said it has signed a 20-year lease with the Stirling Development Agency (SDA) to occupy new offices to be built at the Kildean…

Cumbernauld-based Irn-Bru maker A.G. Barr said in a trading update on Tuesday its revenue for the year ended January 24, 2021, is expected to fall about…

Scottish salmon producers have called for the creation of a “cross-border” government task force to solve the post-Brexit export problems experienced by seafood businesses this year. Tavish…

New data on Edinburgh area house prices from ESPC shows the top location by average selling price in 2020 was the Merchiston area of the…

Aberdeen Standard Investments (ASI) announced that Katie Trowsdale has been promoted to the Head of Multi-Manager Strategies, the fund of fund arm of its Multi…

National Grid could be stripped of its role managing the UK’s electricity system after the energy regulator Ofgem recommended that “an independent body should lead the…

Edinburgh-based investment giant Standard Life Aberdeen (SLA) said on Monday it has made three senior appointments in its global leadership team and that Julie Scott,…

The Scottish Environment Protection Agency (SEPA) has provided a further update on the ongoing ransomware cyber attack which has hit theorganisation since Christmas Eve. SEPA…

The UK’s public sector net debt rose £333.5 billion in the first nine months of the financial year to reach £2.13 trillion at the end…

Investment in Scottish commercial property fell about 42% to £1.2 billion in 2020 — from £2.074 billion in 2019 — as lockdown measures and economic…

Edinburgh-based investment giant Standard Life Aberdeen Plc has told its roughly 6,000 employees that some of them will not get a bonus this year. The…

The latest UK Dividend Monitor from Link Group shows that UK company dividends fell 44% to £61.9 billion in 2020, or 38.1% to £61.1 billion…

Glasgow-based DeepMatter Group plc, the AIM-listed company focusing on digitizing chemistry, announced that one of its wholly owned subsidiaries has entered into a multi-year, limited-use…

Shares of Glasgow-based mobile power giant Aggreko plc rose about 6% on Wednesday after it published a trading update saying it expects to deliver profit before…

Edinburgh-based international oil and gas company Cairn Energy said on Wednesday it ended 2020 sitting on a cash pile of $570 million and that it…

The Registers of Scotland said on Wednesday the average price of a residential property in Scotland in November 2020 was £165,703, an increase of 8.6% on November…

Seafood exporters hit by Brexit red tape will be able to claim up to £100,000 compensation each after the UK government announced funding of up to…

Aberdeen-based global engineering group Wood plc said on Tuesday it entered into a new agreement with Spirit Energy “to partner on the delivery of late…

By Mark McSherry The £808 million Baillie Gifford US Growth Trust plc said on Monday its share price and net asset value (NAV) returned 50.8% and…

The Scotch Whisky Association (SWA) said on Monday that cutting tax on Scotch Whisky and other spirits in the UK Budget could give UK finance…

A new report from the University of Strathclyde’s Fraser of Allander Institute has outlined the strength of Scotland’s pharmaceutical industry and its value to the Scottish…

The Public Relations and Communications Association (PRCA), the world’s largest professional PR body, has urged Edinburgh-based lobbying company Charlotte Street Partners to rethink its appointment of…

Scottish fishermen are making a 72-hour round trip to land fish at auctions in Denmark as the only way to guarantee that their catch will get…

Copenhagen Infrastructure Partners (CIP) is selling its 35% stake in the Beatrice offshore wind farm off the Caithness coast to The Renewables Infrastructure Group (TRIG) and…

The Scottish Environment Protection Agency (SEPA) has confirmed it is “continuing to respond to an ongoing ransomware attack likely to be by international serious and…

The Association of Investment Companies (AIC) — which represents the £229 billion investment trust industry — said Elisabeth Scott has been voted chair of the AIC. The…

Heng An Standard Life (HASL), a joint venture between Standard Life Aberdeen and Tianjin TEDA International, has been granted the final approval to launch pension…

The Scottish Salmon Producers Organisation (SSPO) said it is supporting calls by Seafood Scotland for a “derogation” — a relaxation — of new EU exporting…

Shares of Aberdeen-based global engineering group Wood plc fell about 3% on Thursday after it said it expects 2020 revenue to fall about 23% to…