Scottish Financial Review

A report on the residential property rental market in Scotland’s two largest cities by Rettie & Co shows that Edinburgh is 26% more expensive than Glasgow,…

Edinburgh-based Artisanal Spirits Company plc, owner of The Scotch Malt Whisky Society (SMWS), said on Thursday its first-half revenue increased 20% to £7.9 million in…

New figures from LINC Scotland, the national angel capital association, indicate that investment levels from Scotland’s business angel community into promising young companies are in line…

Alice Strang of the National Galleries of Scotland (NGS) is leaving to join auctioneers Lyon & Turnbull as a senior specialist in modern and contemporary art as…

Schroders, the biggest UK asset management firm with about £700 billion of assets, has announced several changes to its UK equities business as it declared that the UK…

The UK’s Investment Association (IA) said it appointed seven new directors to its board, “deepening the breadth of participation across the sector and maintaining a…

The UK’s Glasgow-based Student Loans Company (SLC) has announced the agreement of a 20-year lease with Drum Property Group for a new purpose-built HQ office…

Faroese fish farming company Bakkafrost, owner of The Scottish Salmon Company, has announced “a significant sustainable plan to increase output of its premium salmon by…

SPFL member clubs Aberdeen, Dundee, Dundee United, Hearts and Hibernian announced that “with the endorsement of the SPFL” they have commissioned Deloitte as independent advisers…

Scotland’s Chief Statistician has released statistics showing that onshore Scottish gross domestic product (GDP) rose 4.7% during the April to June quarter of 2021. Over the…

Martin Gilbert’s fast-growing investment firm AssetCo plc has announced that former Standard Life Aberdeen executive Campbell Fleming will join its board of directors and take…

By Mark McSherry US activist hedge fund Elliott Advisors is pushing for a breakup of Perth-based energy and networks giant SSE after building up a…

Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, announced that its revenue for the year ended May 31, 2021, rose 51%…

Edinburgh-based Frontier IP, a specialist in commercialising university intellectual property, announced that its portfolio company Exscientia Limited has filed a registration statement with the US…

Edinburgh investment management giant abrdn has the highest percentage of women as fund managers amongst major global asset management companies with 100 managers or more….

Wealth management firm Quilter plc announced the appointment of David Tiller as its commercial and propositions director as it continues the development and growth of…

Glasgow-based Smart Metering Systems plc (SMS) said on Monday it will seek to raise around £175 million by selling stock in a share placing and has…

Shares of Valneva SE fell about 40% on Monday after the French drugmaker said the UK government had ended a Covid-19 vaccine supply deal worth…

Scotland’s private sector recorded further rapid growth midway through the third quarter, according to the latest Royal Bank of Scotland PMI from IHS Markit. Scotland…

Aberdeenshire-based craft brewing giant BrewDog has hired former Asda chief executive Allan Leighton as non-executive chairman to mentor CEO James Watt as the beer firm…

Embattled Aberdeen-based bus and rail giant FirstGroup plc — currently searching for a new chief executive — said on Monday it plans to return £500 million…

Celtic Football Club announced on Friday that its recently-appointed chief executive Dom McKay has stood down “for personal reasons.” In a stock exchange statement, Celtic…

By Mark McSherry American Century Investments, the $245 billion investment manager, has hired the portfolio management team responsible for Aberdeen Standard Investments’ total return bond…

Beeks Financial Cloud Group Plc, the Glasgow-based cloud computing and connectivity provider for financial markets, announced it has acquired new company headquarters. “Beeks headquarters will…

The Scottish labour market saw an unprecedented surge in hiring activity during August — with an “unprecedented rise in permanent starters’ salaries” — according to the…

Glasgow-based media firm STV Group said on Thursday its first-half revenue was £60.3 million, up 35% on 2020 and up 10% on 2019. Adjusted profit…

UK pension schemes are exposed to losses of £200 billon because of their approach to securing inflation-linked returns on assets, according to PwC analysis. “Defined…

Shares of Edinburgh-based ready meals firm Parsley Box Group plc fell about 15% on Tuesday despite the firm reporting that its revenue rose 26% to £14…

David Ferguson, founder of Edinburgh funds platform Nucleus Financial Group, is to leave the firm following the £145 million acquisition of Nucleus by James Hay. Barry Neilson,…

Edinburgh-based oil and gas company Cairn Energy pledged on Tuesday to return up to $700 million to shareholders through a special dividend and a share…

Glasgow-based packaging, design and distribution firm Macfarlane Group has announced the appointment of former Eversheds Sutherland executive and corporate governance expert Aleen Gulvanessian as a non-executive…

The £460 million Standard Life Investments Property Income Trust (SLIPIT) has announced the acquisition of land in the Cairngorms National Park that will be used…

Investors poured £295 million into funds investing in UK companies in July in the second consecutive month of inflows to the UK All Companies sector….

Edinburgh investment giants abrdn and Baillie Gifford are among 125 firms that have been endorsed under the UK’s tougher stewardship and best practice code to…

Aberdeenshire-based craft brewing giant BrewDog has announced a major joint venture in Japan with Asahi Breweries ahead of a planned initial public offering (IPO) for…

Joanna Peteranna is to take up the role of interim area manager for Highlands and Islands Enterprise (HIE) in the Outer Hebrides. Peteranna is a…

The Burrell Collection in Glasgow is to reopen in March 2022 following a major building upgrade and redisplay, the charity Glasgow Life has confirmed. As…

The Royal High School Preservation Trust (RHSPT) announced it has put forward detailed proposals to City of Edinburgh Council for the restoration of the Thomas…

Glasgow-based global engineering and mining giant Weir Group said on Friday that Charles Berry will retire as chairman at the firm’s AGM in April 2022 — and…

The UK Food and Drink Federation (FDF) announced that export sales of UK food and drink in the first half of 2021 were down £2…

Edinburgh investment firm abrdn has declined to comment on reports in the London trade press that it is planning to establish a new London headquarters…

Glasgow-based global intellectual property law firm Murgitroyd Group has continued its international expansion with the acquisition of Hanna Moore + Curley (HMC), one of Ireland’s leading European…

Scottish Government investment of £384 million will see the building of full fibre broadband connections begin in September 2021 to tens of thousands of rural…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, announced it has acquired a portfolio of equity…

Edinburgh-based asset management giant Baillie Gifford has won the top prize at the FTAdviser Investment 100 Club Awards for a fifth year running. The judging…

Drinks giant Diageo has opened Johnnie Walker Princes Street, the eight-floor new visitor experience for the world’s best-selling Scotch whisky located at the western end of…

Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, announced it is looking to build the company’s workforce at its Cononish Gold and Silver Project…

Babcock, the international aerospace, defence and security company, announced it has completed the sale of its oil and gas aviation business to CHC Group, LLC…

A quarter of a million people in Scotland were setting up or running new businesses in 2020 despite the challenges of the pandemic, according to…

Crown Estate Scotland announced it will launch a new leasing process for offshore wind farms to help decarbonise Scotland’s oil and gas sector. The announcement…

Aberdeen-based global engineering group Wood plc has announced the appointment of Ken Gilmartin as its new chief operating officer (COO) and the latest member of…

John Menzies plc, the Edinburgh-based global aviation services business, said on Wednesday its revenue slipped to £415.8 million in the six months to June 30, 2021,…

The UK is facing a “stark energy choice” in which it must invest in its offshore oil and gas industry “to build energy security, jobs,…

British consumers are currently facing a £371 billion savings shortfall when it comes to feeling able to withstand a financial shock, according to Yorkshire Building…

Embattled Aberdeen-based bus and rail giant FirstGroup plc said on Tuesday it has signed a new £300 million sustainability-linked revolving credit facility (RCF) with a group…

Martin Gilbert’s investment firm AssetCo plc has announced that Lucy Draper will join the business as Director – Distribution. Draper was previously Director, Business Development…

Scottish Enterprise announced on Tuesday it provided “unprecedented support” for businesses in 2020-21 after investing over £568 million in Scotland’s economy. “The record level of…

An estimated £1.2 billion of Scotland’s buildings, transport infrastructure, and cultural and natural heritage may be at risk of coastal erosion by 2050, according to…

US Federal Reserve chair Jerome Powell stopped short on Friday of signaling the timing for any reduction in the US central bank’s asset purchases beyond…

The Scottish Fiscal Commission has published its latest forecasts setting out how Scotland’s economy is recovering from the pandemic and how the Scottish Government’s plans…

Shares of Glasgow-based packaging, design and distribution firm Macfarlane Group rose about 15% on Thursday after it said its sales rose 26.5% to £133.5 million and profit…

SSE Renewables announced it will invest almost £50 million over the next two years to repower the existing Tummel Bridge Hydro-Electric Power Station near Pitlochry…

Glasgow-based Smart Metering Systems plc (SMS) has announced it won a new domestic smart meter contract and secured an “additional grid-scale battery project.” SMS said…

The UK accounting watchdog said on Wednesday it fined EY £3.5 million for failing to challenge financial statements in its audit of Perth-based transport giant Stagecoach…

Scotland’s onshore gross domestic product (GDP) grew by 0.9% in June, according to statistics announced on Wednesday by the Chief Statistician. “Using the experimental monthly…

The Scottish Government has published its “NHS Recovery Plan” — committing more than £1 billion of targeted investment for the “recovery and renewal” of Scotland’s…

By Mark McSherry A manager of the Asia Pacific focused £410 million Aberdeen New Dawn Investment Trust plc has said that “capitalism is not dead in China”…

The Scottish Government said on Tuesday that hospital parking charges are set to end permanently in Scotland after agreements were reached to buy out two car…

Souter Investments, the private equity focussed family investment office of Stagecoach Group founder Brian Souter, announced it has continued its deal making during 2021 with…

Aberdeen-based global engineering group Wood plc said on Tuesday its order book rose 18% to $7.7 billion in the first six months of 2021 — news…