Scottish Financial Review

Shares of Glasgow-based sausage skin and collagen products firm Devro fell about 2% on Friday after it issued a mixed trading update for the year ended December…

A total of 14,747,830 people travelled through Edinburgh Airport last year, making 2019 the busiest in the airport’s history and the busiest ever year for…

Shares of Alva-based Omega Diagnostics Group rose about 9% on Friday after it announced it received approval from the Nigerian Ministry of Health for its Visitect…

HSBC Holdings plc announced on Friday that former Standard Life chief executive David Nish will succeed Jonathan Symonds to the positions of HSBC senior independent director…

A new report from Audit Scotland says “City Deals” have been positive for Scotland’s economy but the Scottish Government “does not have a plan to…

Shares of Aberdeen-based global engineering and oil services giant Wood plc rose about 8% on Thursday after it said in a trading update it expects…

Baillie Gifford’s flagship £8.9 billion fund, the Scottish Mortgage Investment Trust plc, said on Thursday it raised a further £188 million in debt. Scottish Mortgage…

Shares of Edinburgh-based international oil and gas company Cairn Energy edged higher on Wednesday after it said it took a final investment decision (FID) on…

Shares of Perth-based energy giant SSE plc rose 2% on Wednesday after it finally completed the sale of SSE Energy Services, its household energy business in…

Shares of embattled Glasgow-based fashion firm Quiz fell another 17% on Wednesday after it published a Christmas trading update for the seven-week period from November…

TSB said on Wednesday it has selected IBM Services as its strategic partner “to accelerate the bank’s ambition to become a truly digital business with…

Standard Life Private Equity Trust plc said on Tuesday that Peter McKellar, global head of private markets at Aberdeen Standard Investments, bought 135,000 shares in…

Flybe shareholders have struck a rescue deal with the British government to keep the regional airline operating, UK business minister Andrea Leadsom said on Tuesday. …

Shares of Edinburgh-based rented housing developer Sigma Capital Group rose about 4% on Tuesday after it published positive a trading update for the financial year ended December…

Scotch whisky industry leaders have travelled to the United States for trade talks amid fears that the Trump administration could further increase tariffs on single…

Edinburgh-based fund management giant Aberdeen Standard Investments (ASI) announced on Tuesday the promotion of Dominic Byrne to head of global equities. Byrne, 41, currently deputy…

Housing, regeneration and commercial developments are now being supported by investments of £100 million through the Building Scotland Fund (BSF) — which was established as…

Aberdeen-based engineering giant Wood plc said it secured a $130 million three-year contract extension with Melbourne Water to provide “maintenance and capital works for clean…

Regional airline Flybe is fighting for survival, with the UK government being asked to help prevent a second airline failure in less than six months,…

Shares of Edinburgh-based video security company IndigoVision rose about 5% on Monday after it said in a trading update its sales for the financial year…

Aberdeen Standard Investments (ASI) has appointed Aileen Mathieson as its new global head of insurance following the retirement of Stephen Acheson after 37 years of…

Edinburgh-based Frontier IP, a specialist in commercialising university intellectual property, said on Friday its portfolio company, AI-driven drug discovery firm Exscientia, has entered a collaboration…

Scotland’s national bard Robert Burns is worth just over £200 million a year to the Scottish economy and the poet’s brand is worth nearly £140…

FinTech Scotland said on Thursday the number of innovative fintech SMEs (small and medium size enterprises) based in Scotland has grown by more than 60%…

The Scottish Government said local authorities are to be given new powers to regulate Airbnb-style short-term lets “where they decide this is in the interests…

Scottish Development International (SDI) said on Wednesday that Scotland is set for another good year of foreign direct investment (FDI) as it revealed more than…

Glasgow-based global engineering giant Weir Group said on Tuesday that after 32 years’ of service Jon Owens has chosen to retire as president of Weir’s Portland,…

Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial markets trading, announced it has received a Scottish Enterprise R&D grant to invest in a…

UPDATE 3 — Shares of North Sea producer Premier Oil rose 15% on Tuesday after it announced plans to buy stakes in the Andrew and…

Aberdeen Standard Investments (ASI) has hired Adam Grimsley, former head of investment solutions at crypto-asset firm Prime Factor Capital, as an investment director. Before he…

Oil prices rose more than $3 on Friday after a US air strike at a Baghdad airport ordered by President Donald Trump killed the head…

Regional REIT said it acquired a roughly 44,000 sq. ft. office block at Edinburgh Park for £10.3 million. The 3-storey block is currently 100% let…

Scottish chartered accountants and business advisors Anderson Anderson & Brown LLP (AAB) said it completed a record 70 transactions in 2019 with a combined total deal…

Responsible investment campaign group ShareAction has claimed that many big UK pension schemes are skirting their responsibilities on climate change despite new regulations. ShareAction said…

Edinburgh-based private bank Hampden & Co plc said on Monday it has received the £30 million of Smith & Williamson loan book following the financial…

Archangels, the Edinburgh-based business angel investment syndicate, said on Friday it recorded another active year of investments in Scottish start-up and early stage companies in the…

Scottish Widows has warned against the UK government’s proposals to force pension providers to include costs and charges in members’ annual statements. Last month the UK’s…

The joint venture of Galliford Try and Balfour Beatty is in advanced discussions to settle claims related to the construction of the Aberdeen Western Peripheral…

Investment trust Greencoat UK Wind said on Friday it agreed to acquire the Windy Rig and Twentyshilling wind farms in Dumfries & Galloway from Statkraft…

Leicester-based wealth management firm Mattioli Woods plc said on Friday it acquired Glasgow-based financial planning firm Turris Partnership from its shareholders for £1.6 million.   Turris has…

Shares of Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial market trading, rose about 20% on Friday after it said it secured two…

Investment trust 3i Infrastructure plc said it agreed to sell its 93% stake in Edinburgh-based Wireless Infrastructure Group (WIG) to Brookfield Infrastructure.  “The sale values…

Edinburgh-based fund management giant Aberdeen Standard Investments (ASI) said on Friday it has been appointed by administrator Link Fund Solutions (LFS) to replace Neil Woodford…

Scotland’s First Minister Nicola Sturgeon on Thursday called on the UK Government “to negotiate and agree the transfer of power that would put beyond doubt the…

UPDATE 3 — The Royal Bank of Scotland Group plc (RBS) said on Thursday that CEO Chris Marks and CFO Richard Place have stepped down…

The total value of private equity deals in Scotland rose 5% in 2019 to £2.3 billion. That’s according to latest figures from the Centre for…

Shares of Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, rose another 8% on Wednesday as it announced its 3,042-home village…

UPDATE 3 — The Scottish Government’s Transport Secretary Michael Matheson told MSPs on Wednesday that Abellio’s contract to run ScotRail services “is expected to come…

Edinburgh-based craft beer company Innis & Gunn announced on Tuesday that Heriot-Watt University’s Research Park on the west edge of Edinburgh — home to the International…

Royal Bank of Scotland is planning to close its massive office at Drummond House in the Gyle business park in west Edinburgh and relocate around…

Edinburgh-based fund management giant Standard Life Aberdeen plc said on Tuesday Rod Paris will step down as an executive director from its board on December…

The number of long term empty properties and second homes in Scotland rose in the latest year by 1,260 to 65,277, the third consecutive annual…

Shares of Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, have risen about 15% in the past few days thanks to…

Scotgold Resources Limited said on Monday that first production at its Cononish Gold and Silver Mine near Tyndrum has been delayed by 12 weeks until…

UPDATE 3 — Aberdeen-based global bus and rail giant FirstGroup plc, under pressure from activist investors, said on Monday it appointed advisors to “formally explore…

Wealth management firm St. James’s Place said it will acquire Policy Services Ltd (PSL), the Linlithgow based financial advice firm. “PSL has been a longstanding…

Glasgow-based global engineering giant Weir Group has announced changes to its group executive including two new appointments that strengthen the firm’s focus on sustainability and…

Shares of banks, utilities, transport companies and property firms were among the biggest winners in Friday’s UK stock market rally on the back of the…

UK shares and the pound rose on Friday after Prime Minister Boris Johnson’s Conservative party secured a resounding general election victory that could clear the…

Community Ownership is growing in Scotland, especially in the Western Isles, Highland and Argyll and Bute areas. That’s according to the Community Ownership in Scotland…

The £1.3 billion Edinburgh Investment Trust said on Wednesday it has replaced Invesco’s Mark Barnett as its investment manager with Majedie Asset Management after “another…

UPDATE 3 — Shares of Perth-based transport giant Stagecoach Group rose about 9% on Wednesday after the firm said its founders — Brian Souter and…

The number of homes sold for £1 million or more in Scotland rose 21% year-on-year in the first half of 2019, compared to an increase…

Souter Investments, the family investment office of Stagecoach Group founder Brian Souter, said on Tuesday it completed the acquisition of a majority stake in Staffordshire-based information…

Edinburgh-based Menzies Aviation, the global aviation logistics specialist, on Tuesday announced contract wins and renewals in Sweden, Norway, Romania and Amsterdam. The firm announced a…

Perth-based energy giant SSE plc on Tuesday welcomed the UK Competition and Markets Authority’s decision to clear the proposed £500 million sale of SSE Energy…

Shares of Glasgow-based DeepMatter Group plc, the AIM-listed company focusing on digitizing chemistry, soared almost 70% on Monday after it announced a collaboration with AstraZeneca….

Permanent staff placements rose for the first time in five months in November to provide a tentative sign of recovery in Scottish labour market conditions,…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of Edinburgh-based Standard Life Assurance, on Friday agreed to buy ReAssure, the British business…

Investors have withdrawn tens of millions from a Standard Life Aberdeen UK property fund following the suspension of an M&G fund earlier this week, according…