Scottish Financial Review

Port of Aberdeen has announced that it returned to pre-pandemic levels of activity in 2022, one year ahead of forecast. The port increased turnover by…

Scottish Rugby Limited — the operating company responsible for the day-to-day business of Scottish rugby — has announced the appointment of Scottish Financial Enterprise chair…

The £13.3 billion Scottish Mortgage Investment Trust, Baillie Gifford’s flagship fund, has reiterated its commitment to investing in “exceptional growth companies” despite announcing share price and net…

Murray Capital announced it has sold its stake in Scottish independent financial advisory firm Argyle Consulting. Argyle Consulting was established in 1997 and has offices…

Former Baillie Gifford and Scottish Mortgage fund manager James Anderson has joined an investment management firm backed by the Agnelli Italian industrial dynasty. Anderson has joined…

The latest Royal Bank of Scotland Purchasing Managers Index (PMI) report showed Scotland’s private sector enjoyed the strongest growth in output in 10 months in April….

Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, said on Monday the firm’s ability “to continue as a going concern is…

By Mark McSherry New York private equity firm Apollo Global Management announced on Monday morning it “does not intend to make an offer” for Aberdeen-based global…

UK dividends rose 4.6% on a headline basis to £15.2 billion and ahead of forecasts during the first quarter of 2023, according to the Dividend…

Abrdn plc has announced big changes in the leadership of its investment business — with Rene Buehlmann becoming sole CEO and co-CEO Chris Demetriou leaving…

The UK’s central bank, the Bank of England, raised its key interest rate by 0.25% to 4.5% on Thursday, its 12th consecutive rate rise. The…

Aberdeen-based global engineering firm John Wood Group — facing a potential takeover offer from New York private equity firm Apollo Global Management — said in a…

By Mark McSherry Abrdn chairman Douglas Flint said a debt default by the United States “is almost unthinkable” and would be a “cataclysmic” event for…

The value of residential property sold across Scotland fell 7% to £4.1 billion in the first quarter of 2023, with the number of transactions down…

Six projects currently under development in Scotland will more than double the UK’s pumped storage hydro capacity to 7.7GW, create almost 15,000 jobs and generate…

M&G Wealth announced it has appointed Abrdn executive Ella Hugh as its new Director of Proposition and Marketing. At M&G Wealth, Hugh will take on…

The latest Royal Bank of Scotland Report on Jobs revealed “sharp and accelerated contractions” for both permanent job placements and temp billings in April “as…

The value of and volume of venture capital (VC) investment into Scottish businesses slumped in the opening quarter of 2023, according to the latest figures…

Scottish Rugby has announced that Scotland head coach Gregor Townsend has signed a contract extension that will see him lead the men’s national team up…

Macfarlane Group, the Glasgow-based packaging, design and distribution firm, said on Tuesday it has made a solid start to 2023 with first quarter sales and…

Scottish businesses will be able to borrow more easily against assets such as whisky stores and machinery under legal reforms passed by the Scottish Parliament….

By Mark McSherry Edinburgh-based investment giant Baillie Gifford is to invest a further $180 million in Santa Cruz-based electric aircraft maker Joby Aviation. The news…

The funding status of the UK’s 5,000-plus corporate defined benefit (DB) pension schemes continues to show that, on average, the schemes have sufficient assets to…

Shares of Thurso-based AMTE Power, a developer of lithium-ion and sodium-ion battery cells for specialist markets, rose about 5% amid news from the firm that it has…

Green energy and infrastructure developer Cerulean Winds has revealed a £20 billion investment plan to build the North Sea Renewables Grid (NSRG), an offshore integrated…

Edinburgh-based upmarket home builder Cala Group, currently owned by Legal & General, announced the acquisition of Taylor Lane Timber Frame, one of the UK’s leading timber frame…

UK investors continued to shun UK-focused stock funds in April with outflows accelerating to £782 million, according to the latest Fund Flow Index from Calastone,…

The UK’s Financial Conduct Authority (FCA) said on Wednesday it is proposing to “reform and streamline” UK stock market listing rules as it ramps up efforts to…

The giant Scottish Mortgage Investment Trust announced on Wednesday the appointment of Sharon Flood and Vikram Kumaraswamy as independent non-executive directors of the company, with…

By Mark McSherry Baillie Gifford’s £630 million Sustainable Growth Fund sold out of its position in the failing First Republic Bank “very quickly” in March after…

Macfarlane Group, the Glasgow-based packaging, design and distribution firm, announced the acquisition of A & G Holdings Limited, owner of Manchester-based Gottlieb Packaging Materials Limited. “This…

The Scottish Government’s External Affairs Secretary Angus Robertson has called on the UK Foreign Secretary James Cleverly to withdraw guidance and a letter sent to…

By Mark McSherry The Bank of England — the UK’s central bank — has estimated that its quantitative easing programme will make a total financial…

Scotland’s salmon sector has unveiled an ambitious European growth plan for its premium “Label Rouge” salmon to further enhance Scotland’s international reputation for food and…

James Shapiro’s book called 1599: A Year in the Life of William Shakespeare has been named winner of the £25,000 Baillie Gifford Prize for Non-Fiction…

Port of Aberdeen has announced a commitment to invest £55 million over the next 10 years to become the UK’s first net zero port by…

Scottish Friendly has reported that its total sales increased by 2% to a record £47.7 million in 2022 and that the mutual’s membership increased by 38,000…

Shares of NatWest Group, formerly known as RBS, fell as much as 6% on Friday after it announced its first quarter pretax operating profit soared 49% to £1.8…

Sumitomo Electric Industries, Ltd. has announced a plan to establish a power cable factory in the Scottish Highlands “in order to capture the increasing demand…

The Scottish National Investment Bank (SNIB) has appointed asset management veteran Al Denholm as its new chief executive officer. “With over 36 years of asset…

Shares of Edinburgh-based oil and gas firm Capricorn Energy fell about 6% on Thursday despite news from the firm that it plans $575 million in shareholder payouts…

Fast-growing Aberdeen headquarted accountancy group AAB said it has acquired professional services firm French Duncan in its largest acquisition to date. AAB Group now employs…

Glasgow-based global engineering and mining giant Weir Group published a trading update for the first quarter ended March31,  2023, and reported growth in its order book. Weir reiterated its guidance…

Royal London, the UK’s largest life, pensions and investment mutual, has appointed Edinburgh-based Ronnie Binnie as Head of Strategic Partnerships. Binnie joins Royal London from…

Corporate insolvencies in Scotland hit an 11-year high in 2022-2023 while personal insolvencies also increased on the prior year, according to new figures published by…

Scottish tech businesses are planning a major employment drive as increased exports drive sales, according to new research from tech trade body ScotlandIS. However, Scotland’s…

Thurso-based AMTE Power, a developer of lithium-ion and sodium-ion battery cells for specialist markets, said it has signed a memorandum of understanding (MOU) with Edinburgh-based CalPac Resources…

Bank of England chief economist Huw Pill said that British people need to accept they are poorer “and stop trying to maintain their real spending…

NatWest Group chair Howard Davies told the company’s AGM at its Gogarburn, Edinburgh, HQ on Tuesday that he will step down by July 2024 at…

By Mark McSherry The UK’s public sector net debt (PSND ex) at the end of March 2023 was £2.53 trillion — around 99.6% of GDP,…

CBI president Brian McBride has published an open letter to members in which he outlines “what steps we are taking to give you reason to…

New research commissioned by Friends of the Earth Scotland claims that 22,000 jobs could be directly created in Scotland by investing in public transport, plus hundreds…

The UK’s Financial Conduct Authority (FCA) has demanded that asset managers offering so-called liability-driven investment (LDI) strategies to pension funds must ensure their clients can…

Aberdeen-based clean energy firm Verlume has secured £7.2 million in funding — including £6.6 million from the Scottish National Investment Bank — to boost its expansion…

Ardersier Port near Inverness said it has received an initial £300 million investment commitment from US private equity firm Quantum to drive its redevelopment and…

The pre-scaler programme for early stage businesses launched by the Hunter Foundation (THF) and Scottish EDGE has seen demand so high that two cohort programmes…

The Law Society has alleged that new legislation published by the Scottish Parliament “risks seriously undermining the independence of the legal profession from the state.”…

A number of major UK corporations including NatWest, John Lewis, Virgin Media O2 and insurers Phoenix, Zurich and Aviva quit the Confederation of British Industry…

Perth-based power giant SSE plc announced on Friday that Barry O’Regan will be appointed as its chief financial officer and as an executive director of…

Aberdeen-based transport group FirstGroup and infrastructure fund I Squared are considering competing bids for parts of Deutsche Bahn’s international transport business Arriva, according to a Reuters…

Rent controls and political uncertainty are affecting the appetite of institutional investors to fund and deliver Build-to-Rent (BTR) homes in Scotland, alleges a new report….

Edinburgh has climbed eight places to reach position 14 in this year’s Z/Yen Global Green Finance Index — and reach position 8 in Western Europe…

Investment trust Caledonia Investments plc announced it acquired a majority stake in the European division of AIR-serv, comprised of Airvending Limited and AIR-serv Netherlands B.V….

Leading recruitment firm Core-Asset Consulting has joined forces with a UK government backed organisation to help combat the socio-economic imbalance of the Scottish financial services sector. Core-Asset…

Scottish social housing landlord and support organisation Link Group said it has secured a new £70 million funding package with Bank of Scotland. “The agreement,…

Abrdn is considering a plan to individually sell a batch of private equity businesses which collectively have about £12 billion of investments, according to a…

Consumer price inflation (CPI) in the UK dropped only slightly in March to an annual rate of 10.1%, the Office for National Statistics (ONS) said…

Bruntwood SciTech has unveiled detailed plans for the forthcoming transformation of Glasgow’s iconic Met Tower. The proposals include a refurbishment of the former City of…

Shell U.K. Ltd announced it has completed the restart of operations at the Pierce field in the UK Central North Sea, following a “significant upgrade”…

Edinburgh-based investment giant Abrdn has confirmed it will cut more than 20% of its multi-asset investment team as part of a broader restructuring. Staff have been…