Scottish Financial Review

Office investment in Edinburgh totalled £210 million between Q1 and Q3 of 2020, slightly ahead of the £205 million long term average for this period,…

Glasgow-based packaging firm Macfarlane Group on Thursday published an update on its trading for the period from June 30 to October 31, 2020. “The board…

Falkirk-based global bus manufacturer Alexander Dennis Limited (ADL) said it welcomed the UK Government’s Ten Point Plan for a Green Industrial Revolution “and the commitment to…

Aberdeen Standard Investments (ASI) has this week announced a number of key appointments in its funds invested in smaller companies. Abby Glennie has been appointed…

Port of Cromarty Firth in Invergordon has signed a Letter of Intent with Ideol, a global leader in floating foundations for offshore wind that is based in…

Shares of Perth-based energy and networks giant SSE plc rose almost 5% on Wednesday after it published half-year results showing progress on its £7.5 billion…

Alvance Aluminium, a member of Sanjeev Gupta’s GFG Alliance, has announced a new £94 million investment package “to secure Fort William’s future as a Greenaluminium…

Virgin Money UK said on Tuesday it has appointed Clifford Abrahams as its chief financial officer (CFO). It is expected Abrahams will join Virgin Money…

Shares of Edinburgh-based Craneware, a provider of software for the US healthcare market, rose about 12% on Tuesday after it published a trading update for…

Institutional shareholders will be clamping down further on executive pension perks “in a move to promote fairness and good employee relations” — according to the…

Shares of Glasgow-based temporary power giant Aggreko plc rose about 2% on Tuesday after it published a trading update for the nine months ended September…

Downing Street moved late on Monday to try and repair the damage done by UK Prime Minister Boris Johnson with his comments to Tory MPs…

Aberdeen-based global engineering group Wood plc said on Monday it has completed the sale of its joint venture interest in TransCanada Turbines to joint venture…

Perth-based bus and rail giant Stagecoach Group plc said on Monday it has agreed an extension to the period of time covered by waivers of…

Aviva said on Monday that with support from the Scottish Government it has launched one of the UK’s largest combined solar carports and energy storage…

Edinburgh-headquartered Menzies Aviation said on Monday it won a three year ground handling and cleaning contract with Scottish airline Loganair at both Glasgow and Edinburgh…

Perth-based energy giant SSE, Iberdrola’s ScottishPower and the UK’s National Grid have confirmed they are developing ambitious plans to deliver “an underwater super-highway that will see…

Edinburgh-based Sainsbury’s Bank has received an approach from NatWest-RBS for a potential takeover. The development comes a week after supermarket group Sainsbury’s said it received third-party…

Scottish Financial Enterprise (SFE) said Scotland exported £9.2 billion of financial and related professional services in 2019, up 7.7% from 2018, citing a new report from TheCityUK.SFE…

Shares of Alva-based Omega Diagnostics Group fell about 15% on Thursday amid reaction to a study published in the BMJ evaluating “the accuracy of the AbC-19TM Rapid Test…

Standard Life Aberdeen’s new CEO Stephen Bird is planning a big strategic shift for the active asset management giant by building a stable of passive…

Edinburgh-based investment giant Aberdeen Standard Investments (ASI) said on Thursday it has launched a range of sustainable index funds. “The sustainable index funds each track…

Petroineos said on Tuesday it plans to mothball nearly half of its 200,000 barrel-per-day refinery at Grangemouth due to a coronavirus-related drop in demand for…

The combined deficit of UK defined benefit pension schemes increased by £2.1 billion in October to £168.2 billion, according to new data from the Pension…

UK wealth manager Brewin Dolphin said on Tuesday that former Scottish Widows boss Toby Strauss will become its next chairman on February 5, 2021. Brewin…

UK pension fund trustees are involved in a major clash with fund managers over voting on vital ESG issues – with the UK government now…

Shares of Aberdeen-based bus and rail giant FirstGroup plc rose 15% on Monday amid news that it secured “enhanced financial flexibility from its lenders” and…

Scottish Widows is to divest at least £440 million from companies that have failed to meet its environmental, social and governance (ESG) standards. Widows warned…

October saw a renewed downturn in the Scottish private sector amid fresh restrictions to tackle the COVID-19 pandemic, according to the latest Royal Bank of…

By Mark McSherry Baillie Gifford’s high-flying Scottish Mortgage Investment Trust plc has published results for the six months to September 30, 2020, showing the £15 billion…

Scottish Power has revealed it is planning to invest another £10 billion into the UK’s green recovery over the next five years. The company said…

The UK government and its central bank announced a fresh wave of co-ordinated economic stimulus on Thursday. The Bank of England increased its bond-buying programme…

Glasgow-based media firm STV Group plc said on Wednesday its advertising recovery is “ahead of expectations” but warned that its short-term outlook is “still uncertain due to…

TSB said it has launched a new partnership with Aviva’s Wealthify “which will make investment opportunities directly available to TSB’s five million customers.” TSB said…

Eight non-executive directors have been appointed to the board of the Scottish National Investment Bank ahead of its launch in the final quarter of 2020….

Plans to create hundreds of jobs with a £200 million development at Ravenscraig are to be submitted by family-owned logistics firm Russell Group this week. …

Shares of Glasgow-based global mining and engineering giant Weir Group edged 2% higher on Tuesday after it published a trading update for the third quarter ending…

Edinburgh-based investment giant Baillie Gifford continued its record-breaking year in the third quarter thanks to the strong performance of its funds. BlackRock and Baillie Gifford…

Employment in the Scottish video games development industry grew 17% between November 2018 and April 2020, according to new data from TIGA, the network for…

Edinburgh-based investment giant Standard Life Aberdeen plc confirmed that its new chief executive officer Stephen Bird bought 500,000 shares in the company at 217.59p for…

The Scottish Government has announced plans to commission a Scottish Centre of Expertise in Biodiversity as part of the new draft strategy for the environment,…

Edinburgh funds platform Nucleus Financial Group said on Monday it agreed to acquire the “UK business and assets of Genpact Wealth Management UK Limited (which operates…

Glasgow-based mining and engineering giant Weir Group announced on Monday that Srinivasan Venkatakrishnan and Ben Magara will join its board as non-executive directors on January 19, 2021….

Standard Life Aberdeen’s UK financial planning and advice business, 1825, has announced changes to its leadership team. 1825 has £5.4 billion of assets under administration…

Shares of NatWest rose about 6% on Friday after the bank surprised analysts with an unexpected return to profit in the third quarter. The bank…

More than £600 million has been raised for life science companies headquartered in Scotland over the last three years, according to Savills. The latest data…

UK property website Rightmove said on Thursday that Edinburgh has seen the biggest increase in “million pound streets” over the past five years. The number…

ATM network Link has published data that shows a 52% drop — about £2.47 billion — in cash machine withdrawals in Scotland between April and…

The Scottish Government said on Wednesday it has set a new ambition to increase offshore wind capacity to 11 gigawatts (GW) of energy installed by…

Shares of Alva-based Omega Diagnostics Group fell about 20% on Wednesday after it issued a trading update saying its turnover is expected to fall 29%…

The Scottish Government has unveiled what it called a “new, targeted inward investment plan” that aims to further internationalise Scotland’s economy. The plan represents a…

Edinburgh-based asset management giant Aberdeen Standard Investments (ASI) said on Tuesday it will acquire a 66% interest in Outokummun Energia Oy, a regional energy business…

The number of workers on offshore oil and gas installations decreased by around 4,000 as the UK went into lockdown in March this year, official…

Celtic plc said on Monday its revenue fell 15.8% to £70.2 million in the year to June 30, compared with £83.4 million revenue in the…

The Scottish Government said on Monday it has launched a consultation on new proposals to offer free bus travel for young people resident in Scotland…

A new report from the UK’s Business Growth Fund (BGF) has warned of a serious rising shortfall in equity funding and called for pension funds,…

Edinburgh funds platform Nucleus Financial Group said on Friday its assets under administration (AUA) have recovered to £16.1 billion, the level at which they started the…

The Financial Reporting Council (FRC) has published its Annual Review of Corporate Reporting, which reveals the FRC wrote to 44% of the companies it reviewed…

The UK Space Agency said on Thursday that hundreds of space jobs will be created in Scotland following the approval by the UK government of…

Scottish Friendly’s inaugural New Investor Index has revealed that investment in stocks and shares ISAs surged 71% in the second quarter of 2020. The index tracks sales…

The UK’s Office for National Statistics (ONS) said on Wednesday the UK Government’s borrowing reached £208.5 billion in the first six months of this financial…

Scotland’s gross domestic output (GDP) increased by 2.6% in August, according to statistics announced on Wednesday by the Chief Statistician. This is the fourth consecutive…

M&G’s prestigious Quartermile 3 office development near Edinburgh’s Meadows is under offer to German investor KanAm “in excess of the asking price,” according to a Property…

Aberdeen Standard Investments (ASI) said on Tuesday it has appointed former Schroders executive Justin Simler as head of multi-asset product strategy. Based in London, Simler…

UK central bank policymaker Gertjan Vlieghe said on Tuesday the Bank of England may be required to add more stimulus to the UK economy. Vlieghe,…

Assets under management (AuM) at the world’s 500 largest asset managers exceeded $100 trillion for the first time in 2019, according to new research from the Thinking…

Dundee investment trust company Alliance Trust plc, which uses external fund managers Willis Towers Watson (WTW), said on Monday that WTW has appointed Lomas Capital…

PwC said it has found that up to one million UK pension scheme members could transfer to a “superfund” over the next 10 years in…

New figures published by Scottish Government on Monday showed record-breaking production of Scottish salmon in 2019.  The Scottish Fish Farm Production Survey for 2019 showed…

Glasgow-based DeepMatter Group plc, the AIM-listed company focusing on digitizing chemistry, has announced two major appointments to its board, effective November 1. Karen Bach will join…