Scottish Financial Review

Shares of Edinburgh and Manchester-based rented housing developer Sigma Capital Group rose about 17% on Tuesday after it announced a £1 billion residential joint venture with EQT Real…

The Scotch Whisky Association’s CEO Karen Betts has criticized the “sexism” of Jim Murray’s “Whisky Bible” amid a growing outcry against the language used in the…

Cumbernauld-based Irn-Bru maker A.G. Barr said on Tuesday its revenue fell 7.6% to £113.2 million in the six months ended July 25, 2020, and statutory…

Tavish Scott, the former Scottish Government minister and Shetland MSP, has been appointed as the new chief executive of the Scottish Salmon Producers Organisation (SSPO). …

Morningstar said on Monday that investors withdrew another £2.26 billion out of UK equity funds in August as uncertainty over Brexit and a second wave…

Leeds-based property investor and car park operator Town Centre Securities (TCS) said on Monday it sold four retail properties in Scotland and London for a…

Shares of Aberdeen-based rail and bus giant FirstGroup plc fell as much as 15% on Monday after it published details of the UK Department for…

Edinburgh-based Craneware, a provider of software for the US healthcare market, said on Monday its revenue was flat at $71.5 million in the year to…

Linlithgow-based telecoms firm Calnex Solutions plc said on Monday it is aiming to raise £22.5 million through a London initial public offering (IPO). Calnex said…

Edinburgh-based investment giant Aberdeen Standard Investments (ASI) indicated it is planning to increase its investments in private markets as it hired Mark Redman as its…

Former Aegon UK CEO Adrian Grace has joined £14 billion asset manager Seven Investment Management (7IM) — which is owned by Caledonia Investments — as…

A new report from the UK’s National Audit Office (NAO) said that “little is known” as to the whereabouts of £50 billion of British banknotes….

Aberdeen-based global engineering group Wood plc said on Thursday it secured a new $42m contract from international energy company Equinor on behalf of operator Gassco…

The £230 million Securities Trust of Scotland fund said on Thursday it terminated its contract with Edinburgh-based asset manager Martin Currie and appointed London-based Troy…

Edinburgh-based investment giant Baillie Gifford on Thursday officially added its new £236 million China Growth Trust plc to the £44.6 billion its funds have invested in…

ScottishPower Renewables has announced a new pioneering strategic partnership that has been established to create new green hydrogen production facilities with clusters of refueling stations…

Cabinet Secretary for Social Security Shirley Anne Somerville confirmed on Wednesday that Social Security Scotland has taken a 20-year lease to become the first tenants…

Scotland’s Chief Statistician has released statistics showing the Scottish economy measured by gross domestic product (GDP) contracted by 19.4% during the second quarter of 2020…

Consultants Wood Mackenzie on Wednesday published a comprehensive roadmap for the North Sea’s future to the Oil & Gas Technology Centre (OGTC) in Aberdeen. The plan sets…

Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial markets trading, on Tuesday published results for the year ended June 30, 2020, showing revenue…

Assets under management (AUM) at the world’s 300 largest pension funds increased by 8% to $19.5 trillion in 2019, compared to a 0.4% decline the…

New analysis by Willis Towers Watson says underfunded defined benefit (DB) pension schemes in the UK are “over-dependent on historically improbable equity returns, if they…

Shares of Glasgow-based Smart Metering Systems (SMS) rose about 4% on Tuesday after it published results for the six months ended June 30, 2020, showing revenue…

By Mark McSherry Shares of Aberdeen-based bus and rail giant FirstGroup plc rose about 5% on Tuesday after it published an AGM trading update showing…

The Scottish private sector returned to growth during August, with business activity rising at the quickest pace for more than six years amid the fastest…

The Livingston plant of French company Valneva SE is preparing to deliver up to 60 million COVID-19 vaccines by next year as part of a…

Shares of troubled West of Shetland oil and gas explorer Hurricane Energy plc fell another 50% on Friday after it slashed its reserve estimates for…

Canada’s CGI Inc, the global IT and business consulting firm, said it signed a six-year extension to its contract with City of Edinburgh Council, extending…

Shares of Glasgow-based DeepMatter Group plc, the AIM-listed company focusing on digitizing chemistry, fell 12% on Thursday after it published results for the six months ended…

Edinburgh-based airport services giant John Menzies plc said in a trading update on Thursday it has recently made “very encouraging commercial progress winning significant new business”…

By Mark McSherry Citigroup will be the first major Wall Street bank to have a female chief executive after it announced on Thursday that Mike…

Glasgow-based cloud computing firm Iomart Group plc said on Thursday that its CEO Angus MacSween will retire on October 1, 2020 after 20 years in the…

Shares of embattled Glasgow-based fashion firm Quiz fell 6% on Wednesday after it published a trading update for the period between April 1 and August…

By Mark McSherry Shares of Tesla fell 21% on Tuesday, wiping about $82 billion from its stock market valuation, after the electric vehicle maker’s surprise…

Bank of Scotland’s base at Tollcross in Edinburgh has been put on the market for over £80 million, according to a report in Property Week….

The latest Fund Flow Index from funds network Calastone shows that a net £1.2 billion was taken out of UK-focused stock funds between June and…

Shares of Edinburgh funds platform Nucleus Financial Group fell about 5% on Tuesday after it published results for the six months ended June 30, 2020, showing…

Chivas Brothers, the Scotch whisky business of Pernod Ricard, said its full-year total organic sales were down 11% as a result of the global COVID-19…

Shares of Alva-based Omega Diagnostics Group, involved in developing new tests with partners for COVID-19, rose another 20% after it said on Monday morning “the…

Shares of Aberdeen-based bus and rail giant FirstGroup plc soared 26% on Monday following newspaper reports that Brookfield Asset Management, Apollo Global Management and KKR are…

The Scotch Whisky Association (SWA) said on Friday it has co-signed an agreement with the Spanish Civil Guard to further the protection of Scotch Whisky…

Shares of Scotgold Resources Limited, the gold exploration and production company, rose another 6% on Friday after it published an update on the development of…

UK savers put £1.6 billion into retail funds in July, according to latest figures published by the Investment Association (IA) — but stock funds experienced outflows…

Baillie Gifford US Growth Trust plc said on Thursday its share price and net asset value returned 46.5% and 44.2% respectively for the financial year…

A £317 million contract to develop the next generation of radar for the Royal Air Force’s Eurofighter Typhoons will sustain hundreds of highly skilled jobs…

SSE, the Perth-based renewable energy and electricity networks giant, has been fined £2.06 million by UK energy regulator Ofgem for failing to publish “in a…

London-based Independent Wealth Planners UK (IWP UK) said on Wednesday it acquired Kilmarnock-based financial planning firm Gilmour Hamilton Wealth Management (GHWM), boosting the company’s existing…

By Mark McSherry Baillie Gifford, Tesla’s largest outside shareholder, said on Wednesday it has been forced to trim its position in the electric vehicle maker…

The UK’s Association of Investment Companies (AIC) is taking on the mutual fund analyst giant Morningstar following its downgrade of Baillie Gifford’s Scottish Mortgage Investment…

Scotland’s First Minister Nicola Sturgeon pledged on Tuesday to publish draft legislation for a new Scottish independence referendum before the Scottish Parliament elections next year….

Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — said on Tuesday that Angus Cockburn will join its…

Shares of Glasgow-based media firm STV Group plc rose about 6% on Tuesday despite the firm publishing half year results to June 30 showing its revenue…

Shares of Aberdeen-based bus and rail giant FirstGroup plc fell as much as 7% on Tuesday amid a stock exchange statement from the firm saying…

SSE, the Perth-based renewable energy and electricity networks giant, said on Tuesday it agreed to sell its 25.1% non-operating stake in Walney Offshore Wind Farm…

Edinburgh-based investment giant Standard Life Aberdeen plc said on Tuesday that regulatory approvals have been received for the appointment of its new chief executive Stephen…

The number of companies listed on or traded at Euronext’s Oslo Børs has reached its highest level since the financial crisis.  Two new companies were…

Shares of Aberdeen-based global engineering group Wood plc rose about 6% on Friday following a positive note from Barclays Capital analysts who reaffirmed their “overweight”…

Glasgow-based Collagen Solutions has agreed a 6.5p per share cash takeover offer from its largest shareholder Rosen’s Diversified Inc. (RDI) that values the Scottish firm…

France’s EDF said on Thursday it will begin decommissioning its Hunterston B nuclear power plant in North Ayrshire by January 2022 at the latest. The…

Orkney Harbours said it has launched an ambitious £230 million infrastructure vision that “would place Orkney at the forefront of the drive for a cleaner,…

Glasgow-based packaging firm Macfarlane Group said on Thursday its sales slipped 1.8% to £105.6 million in the first half of 2020 and profit before tax was…

By Mark McSherry Edinburgh asset management giant Baillie Gifford and other major shareholders of Chinese e-commerce behemoth Alibaba Group Holding have swapped billions of dollars…

The Scottish Government said on Wednesday that Scotland’s revenues rose to a record £66 billion in 2019-20, although they were impacted “by the initial effects”…

Edinburgh-based investment giant Aberdeen Standard Investments (ASI) has launched a new Asian Sustainable Development Equity Fund. Aligned with the United Nations’ Sustainable Development Goals (UN…

Aberdeen Standard Investments is to close its £526 million Global High Yield Bond fund because the fund’s largest institutional investor — Scottish Widows — is…

Scottish Government funding for students in higher education — via fees, loans, bursaries or grants — rose 2.8% to more than £1 billion in the…

The Scottish Property Federation (SPF) said on Tuesday its analysis of the latest commercial property sales figures from Registers of Scotland reveals Scotland’s worst quarter for commercial property sales…

Global company dividends fell by $108.1 billion to $382.2 billion in the second quarter of 2020, the lowest Q2 total since 2012, according to the…

The Association of British Insurers (ABI) said on Friday it has found that UK Government proposals to reform the calculation of the Retail Price Index…

UK Government debt has surpassed £2 trillion for the first time, the Office for Budget Responsibility (OBR) said on Friday. That roughly 100.5% of the UK’s…