Scottish Financial Review

Falkirk-based global bus manufacturer Alexander Dennis Limited (ADL) said on Tuesday that its CEO Colin Robertson will be appointed to Canadian parent firm NFI’s board as…

Aberdeen-based Wood plc, the global engineering and consulting company, said on Tuesday it secured two solar engineering, procurement and construction (EPC) contracts from an American power…

Elgin-based Springfield Properties said on Monday that veteran Scottish investment banker Angus Grossart has spent £1 million to roughly double his shareholding in the firm….

BP plc said on Monday it plans to write off up to $17.5 billion from the value of its assets after cutting its long-term forecasts…

The UK’s Office for National Statistics said on Friday that UK gross domestic product (GDP) shrank by 20.4% in April in what was the first full…

Secondary offering sales of company shares have reached £14.7 billion in 135 transactions in the UK for the year to date, according to new analysis from Deloitte….

The Royal Bank of Scotland Group plc (RBS) and its subsidiaries Natwest Markets Plc and Natwest Markets N.V. on Thursday announced a raft of executive…

Crown Estate Scotland, the manager of Scotland’s seabed, has announced the launch of the first round of offshore wind leasing in Scottish waters for a decade.  The move represents a multi-billion pound investment opportunity. The…

Edinburgh-based fund management giant Baillie Gifford has confirmed that it will not after all expand by moving staff into a new landmark building in Edinburgh….

Ashley Nicholson of Forth Ports has been appointed president of the UK Harbour Masters Association (UKHMA). Nicholson is the first female to hold the title…

A provisional date of July 15 has been set for when tourism businesses in Scotland may be able to resume operations “dependent on public health…

Embattled Glasgow-based fashion firm Quiz said on Wednesday it planned to put its stores subsidiary into administration and then buy the business back so it can…

Baillie Gifford fund manager James Anderson has donated an initial £3.1 million to the SPFL Trust charity to help Scottish football and its communities recover…

The euro has remained unchallenged as the second most used currency globally after the US dollar since its introduction 20 years ago, but its usage…

Finance secretary Kate Forbes said on Tuesday that the Scottish Government needs more borrowing powers to help it manage the coronavirus crisis and beyond. Forbes…

Shares of West of Shetland oil and gas explorer Hurricane Energy plc fell another 11% on Monday after it said CEO Robert Trice has resigned…

The £800 million Edinburgh Worldwide Investment Trust plc said on Monday its net asset value per share increased 16.4% and its share price rose 21.7%…

The volume of new work received by private sector firms in Scotland continued to plummet in May “with anecdotal evidence linking the fall to temporary…

New analysis published on Friday by Scottish Government chief economist Gary Gillespie suggests that Scotland’s economic output may not recover to pre-crisis levels until the…

The UK’s Financial Conduct Authority (FCA) on Friday outlined a package of measures designed to “address weaknesses across the defined benefit (DB) transfer market.” The…

Aberdeen-based Wood plc, the global engineering and consulting company, announced on Friday a pledge “to set a science-based target” to reduce its” scope 1 and…

Edinburgh-based investment giant Standard Life Aberdeen said on Thursday its subsidiary sold 40 million shares in HDFC Life Insurance Company on the National Stock Exchange…

The Scottish Government said on Thursday that the Scottish Funding Council is to “consider its model in light of Covid-19” and warned that Scots universities…

The European Central Bank on Thursday announced a bigger-than-expected expansion of its stimulus package to support an economy plunged into recession by the coronavirus pandemic….

The Scottish Professional Football League (SPFL) and Sky Sports said on Wednesday they have agreed terms “that provide a framework for the top-flight of Scottish football…

Perth-based energy giant SSE plc said on Wednesday its SSE Renewables business agreed to sell a 51% stake in its massive Seagreen 1 offshore Scottish…

The Scottish government said on Wednesday that billions of pounds would be wiped from a Scottish economy already hit hard by the Coronavirus crisis if…

Edinburgh-based investment giant Standard Life Aberdeen Plc — one of Scotland’s largest employers — has told most of its UK staff to work from home…

The latest Mercer’s Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies…

The Scottish Government said on Tuesday that businesses across the country have now been awarded more than £100 million through the Scottish Government Business Support…

Galliford Try said on Tuesday its Scottish business Morrison Construction has been appointed by the University of Strathclyde to design and build the National Manufacturing…

Edinburgh-based water retailer Business Stream, a subsidiary of state-owned Scottish Water, said on Monday it has been awarded the UK Ministry of Justice water and wastewater…

The SPFL said on Monday it held a “positive initial discussion” with Baillie Gifford fund manager James Anderson about his “extremely generous” offer in a…

The £75 billion Universities Superannuation Scheme (USS) – the UK’s largest private pension scheme by assets – on Monday announced plans to exclude and divest…

The Oil & Gas Technology Centre (OGTC) announced on Monday the appointment of former Standard Life Aberdeen co-chief executive Martin Gilbert as chair of the Aberdeen-based…

The City of Edinburgh Council said on Friday that construction site preparation works for Edinburgh’s £207 million Trams to Newhaven project will restart on Monday,…

The Scottish economy is unlikely to bounce back from the coronavirus lockdown in “leaps and bounds” in the next couple of weeks as the country…

Scottish Friendly, Scotland’s largest financial mutual, on Thursday announced record sales of Investment ISAs — also known as stocks and shares ISAs — as it…

The UK’s Competition and Markets Authority (CMA) said on Thursday it has taken action against five of the UK’s biggest banks and building societies “for…

Shares of Perth-based transport giant Stagecoach Group rose 9% on Thursday after it issued a trading update saying its available liquidity has increased significantly “due…

Shares of Aberdeen-based bus and rail giant FirstGroup plc rose 5% on Thursday after it welcomed further funding from the UK’s Department for Transport (DfT)…

Scotland reinforced its position as the most attractive location for inward investment to the UK outside of London in 2019 with a 7.4% increase of…

Royal London announced on Wednesday the sale of its Ascentric platform business to M&G plc. The sale follows the completion of Ascentric’s re-platforming in 2019…

Alva-based Omega Diagnostics Group said it is “not aware of any material reason” for latest 18% the increase in its share price on Wednesday. Shares…

The European Commission on Wednesday put forward a plan to borrow on the markets and then distribute €750 billion in grants and loans to EU…

The Eden Project said on Wednesday it will begin work on a feasibility study for a proposed new project in Dundee. “Eden is working with…

Edinburgh-based Frontier IP, a specialist in commercialising university intellectual property, said on Tuesday its portfolio company, AI-driven drug discovery firm Exscientia, raised $60 million through…

Perth-based energy giant SSE plc said on Tuesday it has urged the UK government to “stimulate investment in a world-leading electric vehicle charging network and bring…

Shares of Perth-based transport giant Stagecoach Group rose about 11% on Tuesday after the firm issued a stock exchange statement on its response to the UK…

Wheatley Group — Scotland’s biggest social landlord — said on Friday it has retained its A+ (stable outlook) rating from Standard & Poor’s Global Ratings (S&P). “The stable…

Shares of West of Shetland oil and gas explorer Hurricane Energy plc plunged almost 50% on Friday after it suspended its production forecasts. “Hurricane has…

About 50,000 of RBS-NatWest’s 65,000 staff have been told to continue working from home until at least the end of September. The decision was revealed…

The Scottish Government on Thursday published a “route map” setting out a phased approach to easing lockdown restrictions “while still suppressing coronavirus.” The route map…

The UK government on Wednesday sold a bond that pays a negative yield for the first time. The UK sold £3.8 billion of three-year gilts…

The Royal Bank of Scotland Group plc said on Wednesday it completed the pricing of its $1 billion in 3.073% senior callable fixed-to-fixed reset rate notes…

RBS-NatWest announced on Tuesday that David Lindberg will join the group as its new CEO, Retail Banking, from Westpac in Australia, where he is currently…

Ovo Energy on Tuesday announced proposals to cut 2,600 jobs across SSE Energy Services and Ovo “largely through voluntary redundancy over the course of 2020.”…

Celtic plc published a stock exchange trading statement on Monday afternoon following the announcement by the Scottish Premier Football League (SPFL) that the club has…

Global company dividends for 2020 could fall as much as 35% — almost $500 billion — according to the worst-case scenario in the latest Janus…

Shares of Glasgow-based Collagen Solutions rose another 15% on Monday after it published an update on its strategic review and formal sale process “and receipt…

Baillie Gifford’s James Anderson, co-manager of the £9 billion Scottish Mortgage Investment Trust, took a swipe at American investment guru Warren Buffett’s “value” investment style…

Baillie Gifford’s flagship fund, the Scottish Mortgage Investment Trust plc, has soared above a record £10 billion stock market valuation this week — with its…

Insolvencies “are probably inevitable” at some Scottish football clubs as a result of the coronavirus pandemic, according to the eighth annual Football Distress Report produced…

Shareholders of Standard Life Aberdeen have revolted against a proposal they feared could have allowed the Edinburgh-based fund management giant to replace annual general meetings…

Glasgow-based packaging firm Macfarlane Group said on Tuesday it expects demand levels in its second quarter to reduce to between 75% and 80% of those…

The UK government’s Coronavirus Job Retention Scheme will remain open until the end of October, Chancellor Rishi Sunak announced on Tuesday. Sunak said the furlough…

Edinburgh-based asset management giant Standard Life Aberdeen said on Tuesday its assets under management and administration at April 30 stood at £490 billion, with estimated…

PNC Financial Services Group announced late on Monday it intends to sell its 22.4% stake in BlackRock, the world’s largest asset manager. BlackRock manages about…

Private sector activity in Scotland fell at an unparalleled rate during April, according to the latest Royal Bank of Scotland Purchasing Managers’ Index (PMI). “Inflows…

Fidelity International CEO Anne Richards has said the UK asset management industry “has an opportunity to help find a solution” to the economic crisis caused…