Scottish Financial Review

Edinburgh-based ready meals firm Parsley Box said on Friday it will have a stock market capitalisation of £83.8 million on admission to the AIM market…

Baillie Gifford’s Schiehallion Fund is targeting a $500 million-plus raise through a C-share issue. The fund is dedicated to making investments in “later stage private businesses…

Perth-based transport company Stagecoach group said on Thursday it was “disappointed and surprised” that Greater Manchester mayor Andy Burnham chose “to push ahead” with bus franchising…

Edinburgh-based asset management giant Aberdeen Standard Investments (ASI) has joined a list of major institutional investors to shun Deliveroo’s initial public offering (IPO) next month…

Richard Meddings has announced his intention to step down as chairman of TSB Bank plc following Spanish parent firm Banco Sabadell’s decision that no sale process…

The UK government said on Wednesday it reached an agreement called the North Sea Transition Deal with the oil and gas industry that will help support 40,000 jobs…

Celtic plc principal shareholder Dermot Desmond has announced that his shares in the company “are not for sale” in an exclusive interview with the official…

Edinburgh funds platform Nucleus Financial Group — which last month agreed to be taken over — said on Tuesday its assets under administration increased 7.9% year-on-year…

UPDATE 3 — The UK’s Food and Drink Federation (FDF) said that exports of food and drink from the UK to the European Union plunged…

The Scottish Government said the project which saw it provide £1.13 billion — with local authorities contributing £665 million — to build 117 new schools in…

Two of Scotland’s most successful entrepreneurs, Paddy Burns and Chris van der Kuyl, have launched Chroma Ventures — a new investment arm for their portfolio…

The UK’s National Audit Office (NAO) has revealed that benefits paid out by the UK’s four largest pay-as-you-go public service pension schemes — the “unfunded”…

The Office for National Statistics (ONS) said on Friday the UK Government’s borrowing is estimated to have been £19.1 billion in February 2021, £17.6 billion more than…

NatWest Group, formerly known as Royal Bank of Scotland, said on Friday it will buy back 590.7 million of its shares for £1.1 billion from the…

By Mark McSherry Edinburgh-based investment giant Baillie Gifford said on Friday that star fund manager James Anderson will leave the firm on April 30, 2022,…

Royal London Asset Management (RLAM), which manages assets of £148 billion, has announced the appointment of Hans Georgeson as it chief executive officer. Georgeson will…

The Association of Investment Companies (AIC) announced that its CEO Ian Sayers has decided to step down later this year. The AIC represents the UK’s closed-end…

Glasgow-based mobile power giant Aggreko plc — which has recommended shareholders accept a £2.32 billion takeover offer from a newly formed company owned by funds managed…

The Scottish Government said more than 500 new jobs are to be created as part of plans to establish a global health research, development and…

The Borderlands Inclusive Growth Deal was formally signed on Thursday — bringing up to £452 million of fresh investment to the Borderlands area of Scotland…

A £100 million investment in Orkney, Shetland and the Outer Hebrides has been agreed as representatives of the UK and Scottish governments joined the leaders of…

Aberdeen-based North Star Renewables has been awarded contracts worth an estimated £270 million to deliver three service operation vessels (SOVs) to be used on what…

The ScotRail train franchise will be run by the Scottish Government as an “operator of last resort” when the current contract with Dutch firm Abellio ends…

New data analysis from Savills has revealed there was a 98% increase in buyers registering with the agency to purchase rural estates and property in…

Dundee University spin out Amphista Therapeutics has announced the closing of a £38 million Series B financing round. Newhouse-based Amphista describes itself as “a leader in…

Glasgow-based cloud data centre operator Iomart Group plc has announced a major network expansion to meet future demand. Iomart said it has invested nearly £2 million in…

The Scottish Government has published plans to increase the value of private investment flowing into Scotland and make the country a “global centre of ethical finance.”…

Shares of Glasgow-based Smart Metering Systems (SMS) rose about 2% on Tuesday after it published “resilient” 2020 results that included an “attractive dividend policy.” SMS is…

Shares of Glasgow-based media firm STV Group rose about 4% on Tuesday after it reported a “better than expected 2020 performance” with revenue slipping 14%…

Shares of Aberdeen-based global engineering group Wood plc fell about 5% on Tuesday after it published results for the year ended December 31, 2020, showing…

Aberdeen-based engineering group Wood plc said on Tuesday its subsidiary WGPSN (Holdings) has reached a civil settlement with Scotland’s Civil Recovery Unit “in relation to…

The UK’s Financial Conduct Authority (FCA) announced on Tuesday it has commenced criminal proceedings against National Westminster Bank Plc (NatWest) — formerly Royal Bank of…

The market value of Dublin and San Francisco-headquartered digital payments giant Stripe has soared to $95 billion with a round of funding that took it…

The UK Government said on Monday that the UK Cabinet Office will establish a “second flagship HQ with ministerial offices” in Glasgow “with at least…

Perth-based bus and rail giant Stagecoach Group plc said on Monday it has submitted a court application for a judicial review of what it called…

The Scottish Government has announced plans to deliver 100,000 affordable homes over the next decade — with at least 70% of the houses for social…

Work to lay new subsea cables to supply superfast broadband to 15 of Scotland’s most remote island communities will begin this Spring, the Scottish Government…

Thurso-based lithium-ion battery cell developer AMTE Power on Friday announced the admission of its entire issued and to be issued ordinary share capital to trading…

New statistics released on Friday from the UK’s Office for National Statistics (ONS) show that food and drink exports to the EU fell 63% in…

Private equity firm CVC has announced a “long-term strategic partnership” with Six Nations Rugby through which it will invest up to £365 million for a 1/7th…

UK exports supported around 6.5 million full-time equivalent (FTE) jobs in 2016, or 23% of total UK FTE jobs, according to a new report for…

Standard Life Aberdeen (SLA) has sold independent financial adviser (IFA) platform Parmenion to private equity firm Preservation Capital Partners in a £102 million deal. Parmenion…

Shares of John Menzies plc, the Edinburgh-based global airport services business, rose about 3% on Tuesday despite it publishing results for the year ended December 31,…

Edinburgh-based international oil and gas company Cairn Energy said on Tuesday it plans to sell its stakes in UK North Sea fields Catcher and Kraken…

Edinburgh-based investment giant Standard Life Aberdeen (SLA) revealed on Tuesday its assets under management and administration remained steady in 2020, slipping 1.8% to £534.6 billion….

Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial markets trading, said on Monday its revenues increased by 24% to £5.29 million, of which…

The Scottish economy remained stuck in a downturn during February, according to the latest Royal Bank of Scotland Purchasing Managers’ Index (PMI) report. “At the…

Prominent Scottish business group the Scottish Council for Development and Industry (SCDI) announced it has launched a proposal for a Company Voluntary Arrangement (CVA) — a formal…

Young female savers face having £100,000 less in retirement income than their male counterparts, according to new data from Scottish Widows. “Lower average earnings, part-time work…

The Scottish job market continued to recover from the effects of the coronavirus pandemic in February, according to the latest Royal Bank of Scotland Report…

A £79.5 million construction contract has been approved for award to build the first opening road bridge over the River Clyde — from Renfrew to…

Edinburgh-based Parsley Box, the “direct to consumer provider of ready meals focussed on the underserved Baby Boomer+ consumer” has announced its intention to seek admission…

Royal London said on Friday its 2020 profit before tax fell 68% to £131 million “reflecting reduced operating profit as well as lower relative returns on…

The board of Glasgow-based mobile power giant Aggreko plc said on Friday it will recommend that shareholders accept a £2.32 billion takeover offer from a newly…

The share price of Baillie Gifford’s high-flying flagship fund, Scottish Mortgage Investment Trust plc, fell another 6% on Thursday to around £10.88 as renewed worries about inflation and…

The Glasgow-based Royal Conservatoire of Scotland (RCS) has been named in prestigious global rankings released this week as one of the world’s top three destinations…

The £3 billion Dundee investment trust company Alliance Trust plc, which uses external fund managers Willis Towers Watson (WTW), announced board changes as it revealed…

KPMG has agreed to sell its UK Restructuring practice to Interpath Advisory, a newly-formed company which is backed by private equity firm H.I.G. Europe and KPMG…

The Trustee of the £80 billion Universities Superannuation Scheme (USS), the UK’s largest private pension fund, has warned that contributions by members and employers “will need to rise…

ClinSpec Diagnostics Limited (ClinSpec Dx), the Glasgow-based developer of liquid biopsies for early detection of cancer, has reached its round two funding target of £3.5…

The UK and the US have agreed a four-month suspension of retaliatory tariffs imposed on UK goods such as Scotch Whisky over a long-running aircraft…

Glasgow-based global engineering and mining giant Weir Group has returned to the FTSE 100 after its share price soared about 50% in the past 12 months amid…

Aston Lark, the chartered insurance broker backed by Goldman Sachs, announced it has continued its rapid expansion through the acquisition of Bruce Stevenson Insurance Brokers….

Aberdeen Standard Investments chief economist Jeremy Lawson has outlined what he called the “missed opportunities” of the UK budget. Lawson said the £40 billion worth…

The Scotch Whisky Association (SWA) said on Wednesday the UK Chancellor has offered some “breathing room” to distillers facing continued US tariffs by freezing spirits…

SSEN Transmission, the SSE subsidiary which owns the electricity transmission network in the north of Scotland, has confirmed that it intends to appeal certain elements of…

Royal London has announced the purchase of fintech business Wealth Wizards from Liverpool Victoria, subject to regulatory approval. Royal London is the UK’s largest mutual life,…

Shares of troubled West of Shetland oil and gas explorer Hurricane Energy plc fell another 11% on Tuesday after it published a stock exchange update on…

Shares of Glasgow-based sausage skin and food collagen products firm Devro rose about 5% on Tuesday after it published results for the year to December 31,…

The latest data from the EY Financial Services Brexit Tracker shows that UK financial services firms continue to move jobs and assets to the EU…