Scottish Financial Review

Aberdeen Standard Investments (ASI) has announced its intention to lift the temporary dealing suspension on its £1.6 billion Standard Life Investments UK Real Estate Fund and…

Ratings agency Moody’s Investors Service lowered the United Kingdom Government’s debt rating by one notch to Aa3 from Aa2 late on on Friday, citing diminishing…

Sotheby’s and The Macallan have unveiled The Red Collection, a group of single malts that includes a bottle that has been matured for 78 years….

Shares of Glasgow-based DeepMatter Group plc, the AIM-listed company focusing on digitizing chemistry,  rose as much as 7% on Friday after it announced it has…

SSE, the Perth-based renewable energy and electricity networks giant, said on Thursday that Martin Pibworth has been promoted to the newly created role of group energy…

Tesco Personal Finance plc and Ageas UK Limited have signed an agreement for Edinburgh-based Tesco Bank to acquire Ageas’s stake in Tesco Underwriting in a…

Aberdeen Standard Investments (ASI) has launched the Aberdeen Standard SICAV I – Global Dynamic Dividend Fund to invest in a range of dividend-paying stocks across developed…

Scottish Enterprise has appointed Linda Hanna interim CEO effective Thursday, October 15, after the surprise resignation of Steve Dunlop last week. Dunlop will leave Scottish…

Grand Theft Auto developer Rockstar Games announced it has acquired Dundee-based Ruffian Games, which will now operate under the new name of Rockstar Dundee. Terms…

Ipsos MORI’s latest Scottish Political Monitor, run in partnership with STV News, has found the highest level of support for independence yet recorded among the…

Scotland’s marine economy generated £4.3 billion in gross value added (GVA) in 2018, down 17% from 2017, according to an “experimental statistics” report from the…

By Mark McSherry Edinburgh-based investment giant Aberdeen Standard Investments (ASI), which manages £456 billion of global assets, welcomed the news that China’s domestic shares broke…

Glasgow-based sausage skin and food collagen products firm Devro said on Wednesday that Rohan Cummings will join the board of the company as executive director and…

The UK’s Financial Conduct Authority (FCA) has fined hedge fund Asia Research and Capital Management Ltd (ARCM) almost £900,000 over “transparency failures” about its short…

Scottish companies listed on the London Stock Exchange outperformed their indices in the third quarter of 2020 according to analysis from Brewin Dolphin, boosted by…

Transport Scotland said on Tuesday the Scottish Government is to provide a further £4 million of emergency funding for Glasgow Subway and Edinburgh Trams in…

The Scotch Whisky Association (SWA) on Tuesday welcomed a World Trade Organization (WTO) ruling that gives the European Union the right to impose tariffs on $4 billion…

SSE, the Perth-based renewable energy and electricity networks giant, said on Tuesday it agreed to sell its 50% stake in energy-from-waste ventures in Ferrybridge and Skelton…

Edinburgh and London-based cyber security firm Adarma said on Monday its revenues rose 27% to £41 million in 2019. That follows a 24% rise to…

The Scottish private sector continued to recover from the impact of the coronavirus pandemic in September, according to the latest Royal Bank of Scotland PMI…

Shares of Scotgold Resources Limited, the gold exploration and production company, fell more than 20% on Monday after it said it raised £3 million with a…

The Scottish Government has revealed details of a £40 million fund to help businesses affected by temporary restrictions to slow the spread of coronavirus (COVID-19)….

UK finance minister Rishi Sunak said on Friday afternoon the UK Government’s Job Support Scheme (JSS) will be expanded “to protect jobs and support businesses…

Aberdeen-based global engineering group Wood plc announced on Friday the extension of its revolving credit facility to May 2023. “Recognising the company’s lower debt requirement…

Perth-based Stagecoach Group plc, the UK’s biggest bus, coach and tram operator, said on Friday that passenger demand in its UK regional bus operations “had…

Edinburgh-based investment giant Standard Life Aberdeen has appointed Alex Hoctor-Duncan as the new global head of its £456 billion asset management business Aberdeen Standard Investments….

The latest Royal Bank of Scotland Report on Jobs said that permanent job placements in September declined at the softest pace for eight months. “Meanwhile,…

The Scottish Government said on Thursday it agreed with COSLA a package of “financial flexibilities and extra funding” for councils in Scotland which could be…

The Scottish Government said on Wednesday afternoon that all pubs and restaurants across the central belt of Scotland including Edinburgh and Glasgow are to be…

Scottish Enterprise said on Wednesday afternoon that CEO Steve Dunlop is to step down “after a period of rapid change in which the organisation has…

The £1 billion Baillie Gifford Japan Trust plc said on Wednesday its net asset value total return rose 6.8% compared to the 0.1% fall in…

Shares of Alva-based Omega Diagnostics Group, involved in developing new tests with partners for COVID-19, rose another 13% on Tuesday after the UK Government announced…

FinTech Scotland said on Tuesday it has made a number of leadership changes with Nicola Anderson becoming acting chief executive as the group “looks to…

Chrysaor has agreed a reverse takeover of Premier Oil to create the UK North Sea’s largest oil and gas producer as the sector faces up…

Linlithgow-based telecoms firm Calnex Solutions plc said on Monday its shares started trading on the AIM market of the London Stock Exchange under the ticker…

Shares of Glasgow-based global engineering giant Weir Group soared almost 20% on Monday after it agreed to sell its oil and gas division to Caterpillar Inc….

Edinburgh-based investment giant Aberdeen Standard Investments (ASI) said on Monday it has launched a new Global Innovation Equity Fund “seeking to invest in companies with…

The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies rose from £70 billion at the end of August…

Perth-based Stagecoach, the UK’s biggest bus, coach and tram operator, announced on Friday the appointment of Carla Stockton-Jones as its new UK Managing Director. Stagecoach…

Edinburgh area residential property experts ESPC said on Friday that homes in the Scottish Borders and East Lothian experienced the greatest year-on-year increases in average…

Glasgow-based cloud computing firm Iomart Group plc said on Thursday it “anticipates reporting revenue growth of approximately 2% for the six months, to over £56m …”…

The latest EY Financial Services Brexit Tracker shows financial services firms have continued to move staff out of the UK ahead of Brexit deadline, with…

LGIM Real Assets has announced, on behalf of its £1.9 billion Build to Rent (BTR) Fund, the forward funding of an £81.5 million 17-storey tower…

By Mark McSherry UK Prime Minister Boris Johnson said tariffs placed on Scottish malt whisky by the United States “cannot be right” and should be…

Investment firm M&G plc announced on Wednesday it is bringing together established existing businesses to form a new wealth management division. M&G Wealth Management will…

SSE, the Perth-based renewable energy and electricity networks giant, said on Wednesday it expects a hit of up to £130 million on its operating profit for…

TSB bank said on Wednesday it will close 164 branches and cut 900 jobs as it “continues to implement its three-year strategy announced in November…

Aberdeen-based global engineering group Wood plc said it has won an $84 million contract for Equinor’s Breidablikk subsea development in Norway. Wood has been awarded…

Scotland’s economy has recovered about half of the fall in gross domestic product (GDP) lost during the coronavirus pandemic, but may not return to pre-pandemic…

Shares of Springfield Properties, which is building a number of new communities throughout Scotland, rose about 13% on Tuesday after it said it received reservations for…

Edinburgh-based international oil and gas company Cairn Energy said on Tuesday its first-half revenue fell 20% to $214.9 million and it swung to a loss of…

The executive chairman of Edinburgh-based airport services giant John Menzies plc said on Tuesday the firm will emerge from the COVID-19 pandemic “as a smaller but…

Virgin Money UK said on Monday it appointed Enda Johnson as its interim group chief financial oficer (CFO) with effect from October 15, 2020. “The…

Edinburgh-based investment giant Standard Life Aberdeen plc said on Monday its new chief executive Stephen Bird has moved to strengthen his leadership team with four…

The Scottish Government said on Monday it will recommend that Holyrood refuse consent for the UK Government’s Internal Market Bill on post-Brexit trading arrangements. The…

Shares of Scotgold Resources Limited, the gold exploration and production company, rose another 17% on Monday after it published an update for shareholders about its…

The UK’s Oil and Gas Authority (OGA) has vowed to “take a robust stance” on flaring and venting of greenhouse gases in the North Sea….

Scotmid Co-op said its turnover increased by £6.7 million to £197 million in the 26 weeks to July 25, and trading profit rose from £2.5…

Edinburgh has been ranked fourth in Europe in the latest Global Financial Centres Index (GFCI 28) launched on Friday by influential London think tank Z/Yen…

The Scottish Government on Thursday unveiled a £24 billion infrastructure plan to be rolled out in the next five years. It said tens of thousands…

Scotland’s Chief Statistician released figures on Thursday that show Scottish registered fishing vessels landed 393 thousand tonnes of sea fish and shellfish with a gross…

Edinburgh-based investment giant Baillie Gifford has opened an office in Shanghai and has registered as a Private Securities Fund Manager (PFM) in China. These two…

Glasgow’s prestigious 150 Broomielaw on the River Clyde has been sold in one of the biggest UK office deals outside of London following the Covid-19…

The aquaculture sector — dominated by salmon farming — contributed £885 million to the Scottish economy and supported 11,700 jobs in 2018, according to new…

Scotland’s gross domestic product (GDP) increased by 6.8% in July, according to statistics announced on Wednesday by the Chief Statistician. The July increase follows revised…

JPMorgan Chase & Co is moving about €200 billion of assets from the UK to Germany as a result of the UK’s exit from the…

The head of the UK’s Debt Management Office (DMO) said on Tuesday he was confident bond investors would continue to buy UK gilts following almost…

The European Commission’s Committee of the Regions (CoR) has launched a UK Contact Group “intended to maintain lines of communication between local and regional authorities…

Standard Life Aberdeen veteran Sandy Begbie has been appointed the new chief executive of Scottish Financial Enterprise (SFE), the representative body for the financial services…

The UK’s Business Growth Fund (BGF) has announced it is investing in Linlithgow-based telecoms firm Calnex Solutions plc, which said on Monday it is aiming…