Scottish Financial Review

A new report has revealed how significant challenges — including skills shortages and an aging population — pose a risk to Scotland’s economy. The Skills…

Glasgow media firm STV Group plc announced it has reached agreement with the trustees of its defined benefit pension schemes — the Scottish & Grampian…

Statera Energy has submitted plans for the UK’s first utility scale green hydrogen project — Kintore Hydrogen — to be built in Aberdeenshire. The project…

Scottish law firm Burness Paull has appointed Mark Ellis as its new managing partner, working alongside Peter Lawson who will continue as chair. “Ellis brings…

Scotch Whisky firm William Grant & Sons — maker of Glenfiddich and The Balvenie — has reported a 14% rise in turnover to £1.962 billion, with…

Edinburgh investment giant Abrdn said it has published an ESG-focused “Fixed Income Engagement Roadmap” to help shine a light “on this neglected global engagement issue.” Abrdn…

Glasgow-based secure cloud services firm Iomart Group plc announced the acquisition of Kookaburra Topco Limited, the holding company of Atech Support Limited, for a total of £57…

Perthshire-based Binn Group announced it secured a five-year waste management contract with NHS Tayside. The annual contract covers the health board’s 47 sites across the…

Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, said it has been awarded a £25 million contract to provide sustainable solutions to the…

Bilbao-based global energy giant Iberdrola – through its UK business ScottishPower Energy Networks – has completed a deal to acquire private technology company Derryherk. SP…

Edinburgh-based fund manager Walter Scott & Partners said its assets rose 6% to £73.3 billion in the year to December 31, 2023, but turnover was flat…

Perth-based Stagecoach, the UK’s largest bus and coach operator, has announced “transformative investments” across its operations as part of its decarbonisation drive. “The next stage…

John Wood Group plc, the Aberdeen-based engineering and consulting giant, has been awarded a three-year contract to operate and maintain the Freepoint Eco-Systems plant in…

SSE Renewables has updated investors on the delayed completion date for the Dogger Bank A section of the Dogger Bank Wind Farm. Dogger Bank will be…

Aviva Investors, the global asset management business of Aviva plc, said it has acquired a purpose-built student accommodation (PBSA) property in Glasgow for £23 million….

The Hunter Foundation (THF) said on Friday it has launched the search for “Scotland’s next round of potential Billion+ companies” to join its second cohort of…

Abrdn Property Income Trust (API) said it agreed to sell the vast majority of its portfolio to GoldenTree Asset Management LP for about £351 million….

Abrdn Property Income Trust Limited (API) has confirmed press speculation by announcing that it is “in advanced discussions” with funds managed by GoldenTree Asset Management…

The Scottish Government announced it will invest £100 million to support the construction of 2,800 mid-market rent (MMR) homes. “As announced as part of the…

Professor Andy Schofield has been appointed as Principal and Vice-Chancellor of the University of Glasgow and will take up the role on October 1, 2025….

The UK Infrastructure Bank (UKIB) has announced an investment in subsea HVDC cable manufacturer XLCC to develop a new world-leading factory in Hunterston in Scotland….

Glasgow-based Morris & Spottiswood, one of the UK’s leading construction sector firms, has reported the highest turnover in its almost 100-year history, rising 25% to…

London-based asset management giant Schroders plc has announced more leadership changes following the appointment of Richard Oldfield as group chief executive earlier this month. The…

Glasgow-based secure cloud services firm Iomart confirmed on Wednesday afternoon it is in exclusive talks with regard to the possible acquisition of Kookaburra Topco Limited, the…

Loughborough University-based business management software provider The Access Group has announced the acquisition of Edinburgh-based digital commerce platform QikServe, a hospitality order and payment specialist. The deal…

Scotland’s onshore GDP grew by 0.3% in July 2024, according to statistics announced by the Chief Statistician. The wider UK economy stalled recently at 0.0%….

Deputy First Minister Kate Forbes said she will collaborate with financial institutions to ensure Scotland becomes a “global centre for green and sustainable finance and…

Drinks giant Diageo has announced a 90% paper-based bottle trial for Johnnie Walker Black Label at the Johnnie Walker Princes Street 1820 bar in Edinburgh….

The University of Edinburgh said it has exceeded a key Scottish and UK government objective to drive innovation by supporting businesses secure more than £200…

Edinburgh-based investment giant Abrdn plc announced that former Marks & Spencer co-CEO Katie Bickerstaffe and former Terra Firma CEO Vivek Ahuja have been appointed to…

It has been confirmed that Aberdeen will be the headquarters for Great British Energy, the UK government’s planned state-backed power company. The planned company will…

Edinburgh and Glasgow have improved their position in the latest edition of the internationally recognised Z-Yen Global Financial Centres Index. On the Western Europe list…

A major report commissioned by the Crofting Commission, and prepared by BiGGAR Economics, has unveiled the “extraordinary” economic contribution of crofting to Scotland. The findings…

A new £7.9 million funding round, led by £3.5 million from the Scottish National Investment Bank, will enable scale and growth for Leap Automation Ltd…

Legal & General Group (L&G) announced the appointment of Eric Adler as CEO of its asset management business, subject to regulatory approval. “The appointment follows…

A.G. Barr, the Cumbernauld-based owner of Irn-Bru, Rubicon energy drinks, Boost Drinks, Funkin cocktail mixers and MOMA foods, said its revenue grew 5.2% to £221.3…

BlackRock, the world’s biggest asset manager, has announced it will join FinTech Scotland, the cluster management organisation for the fintech sector in Scotland. BlackRock’s expertise…

Revolut chairman Martin Gilbert is part of a group in talks to buy the Monaco-based arm of Banque Havilland SA, which last month lost its license…

Ascensos, the Motherwell-based contact center firm for retail and eCommerce businesses, has been acquired by India-based Firstsource Solutions Limited, a global provider of “specialist domain-led Business…

Edrington said on Monday it has reached an agreement to sell The Famous Grouse and Naked Malt Scotch Whisky brands to William Grant & Sons. Edrington…

A new report commissioned by Scottish Environment LINK, has assessed the socio-economic benefits of Scotland’s National Parks for businesses working within them. Scottish Ministers are…

The Ineos Forties Pipeline System, which connects 80 offshore gas and oil fields to the UK mainland, may shut down as early as 2030 because…

Nest, the UK pension scheme managing £43 billion of assets on behalf of a third of the UK workforce, has announced a new partnership with…

Invizius – the Edinburgh-based biotech company developing breakthrough treatments for patients on dialysis – has raised £950,000 in a funding round led by Mercia Ventures…

Innis & Gunn founder Dougal Sharp has called on Scottish punters to buy homegrown lager after it was revealed it was the only Scottish-brewed premium…

Scotland’s colleges need more clarity from Scottish ministers on what parts of their role to prioritise, as the sector’s financial challenges mount, according to a…

The University of Dundee has been named Innovative & Entrepreneurial University of the Year in the Triple E Awards for Europe. “The Triple E Awards…

Forth Ports, the UK’s third largest ports group, has announced two more senior management changes, with Paul Dale becoming chief operating officer and Carole Cran…

UK government debt has reached 100% of GDP for the first time since 1961 after another large budget deficit in August, adding to the problems that…

Dundee-based Broker Insights, the data and distribution platform that connects UK insurance brokers and insurance companies, has announced that six years after launch, brokers have…

Shares of Edinburgh-based oil and gas firm Capricorn Energy rose as much as 7% after it published results for the six months ended June 30,…

Edinburgh investment giant Abrdn has welcomed the news that the UK government and the Financial Conduct Authority (FCA) have temporarily exempted investment trusts from complying…

Private equity firms TDR Capital and I Squared Capital are considering options to exit their ownership of Glasgow-based mobile power giant Aggreko plc, according to a…

Thirteen global companies, chosen for their capacity to harness AI for good in the areas of health, climate and social impact, are set to benefit…

John Wood Group plc, the Aberdeen-based engineering and consulting giant, said it has been awarded the front-end engineering design (FEED) for a long-haul, large diameter liquids-rich…

Kingdom Group said it has secured £50 million in funding to support its ongoing commitment to building affordable homes across Fife, Perth & Kinross, Clackmannanshire…

Scotland-based biotechnology innovator MiAlgae is set to expand its operations after securing £14 million in a Series A funding round to help it scale the…

BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX have announced the Global AI Infrastructure Investment Partnership (GAIIP) “to make investments in new and expanded data…

Edinburgh-based Aegon Asset Management said its Multi-Asset Credit mandate is now live, with an initial investment of £720 million from Aegon UK. The Multi-Asset Credit…

Edinburgh investment giant Abrdn said its £1 billion Murray Income Trust plc generated a Net Asset Value (NAV) per share total return of 9.9% for…

Edinburgh-based upmarket home builder Cala Group said it has been acquired from Legal & General Group Plc by investment firm Sixth Street Partners and Patron Capital,…

Grant Thornton has published a report called the “Economic Impact Of AIM” commissioned by the London Stock Exchange. AIM is the exchange’s stock market for…

London-based international law firm Mishcon de Reya announced that Alison Rose, former CEO of NatWest-RBS, has joined the firm as an advisor. Rose was forced to…

Tortoise Media announced that is in talks with the Guardian Media Group (GMG) to buy The Observer, the world’s oldest Sunday newspaper. The Observer, established in…

The UK oil and gas industry has more than halved methane emissions since 2018 and reduced overall emissions associated with the production of oil and…

Elgin-based house builder Springfield Properties plc said it will resume dividend payments “earlier than initially anticipated” after slashing its debt in the year to May…

More than half of Scottish businesses (57%) have experienced “little to no impact” from the Scottish Government’s income tax policy, while 34% have felt the…

Celtic plc said its revenue increased 3.9% to £124.6 million in the year to June 30, 2024, but its profit before taxation fell to £17.8 million…

SSE Renewables contributed over £2 billion to the UK and Irish economies over its last financial year and supported 16,000 green jobs. That’s according to…

Phoenix Group Holdings plc, owner of Standard Life, said on Monday it has decided to discontinue the sale process for its SunLife business “given the…