Scottish Financial Review

Alva-based Omega Diagnostics Group said on Friday it has received World Health Organisation (WHO) Prequalification for its Visitect CD4 Advanced Disease test for HIV. Omega’s shares have…

Falkirk-based global bus manufacturer Alexander Dennis Limited (ADL) on Thursday gave an update on its proposal last month to cut up to 650 jobs across the…

Shares of North Sea producer Premier Oil fell about 25% on Thursday after it said it will seek to raise $530 million from shareholders as part…

Morningstar’s latest fund flow numbers show Edinburgh investment giant Baillie Gifford was the most popular asset management firm in July, attracting £991 million of new…

Edinburgh investment syndicate Equity Gap said on Wednesday it has marked 10 years as one of Scotland’s most successful angel investment groups with record investment…

Morningstar analysts have downgraded Baillie Gifford’s high-flying Scottish Mortgage Investment Trust plc — which has returned 58% so far this year — from a gold…

Scotland’s gross domestic product (GDP) increased by 5.7% in June, according to statistics announced on Wednesday by the chief statistician. The growth in June followed…

Danish firm Vestas, the world’s largest wind turbine maker, said on Wednesday it won a 443 MW order from SSE Renewables for the Viking wind…

Aberdeen Standard Investments said on Tuesday its Aberdeen New India Investment Trust saw its assets fall 23.1% to £241.5 million and stock market value fall…

Edinburgh-based asset management giant Aberdeen Standard Investments said it is closing its underperforming ASI UK Recovery Equity Fund on October 22 after the fund’s largest…

Crosswind Developments said on Tuesday it submitted an application for planning permission in principle (PPiP) to The City of Edinburgh Council for a 30-hectare “Digital Quarter”…

Shares of Aberdeen-based global engineering group Wood plc rose about 5% on Tuesday after it published half year results for the six months ended June…

Australia’s Woodside Petroleum said on Monday it has exercised its right to match a $400 million offer by Russia’s Lukoil to buy Edinburgh-based Cairn Energy’s entire…

By Mark McSherry Edinburgh-based asset management giant Aberdeen Standard Investments has written to the US Securities and Exchange Commission (SEC) to warn that proposed new…

Aberdeen Standard Investments said on Friday the assets in its Murray International Trust plc fell from £1.73 billion to £1.53 billion in the six months…

Shares of embattled Glasgow-based fashion firm Quiz rose about 13% on Friday after it announced it has agreed an extension of its existing banking facilities…

Edinburgh-based Aegon UK — owned by Dutch investment giant Aegon NV — said on Thursday its 2020 first-half underlying earnings rose 17% to £71 million compared…

Clients of Aberdeen Standard Investments have acquired Clarendon Quarter, a 324-unit residential scheme situated just outside of Leeds city centre, for about £41 million from…

A £53 million order to make personal protective equipment (PPE) for NHS Scotland has been secured by Alpha Solway, based in Annan, Dumfriesshire. The order…

By Mark McSherry The US government has said it will maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European and UK goods…

The UK’s gross domestic product (GDP) plunged 20.4% in the second quarter of 2020 amid the coronavirus lockdown — the most severe contraction reported by…

NatWest — formerly known as RBS — is eliminating at least 500 jobs across its retail operation and closing one of its remaining offices in…

The UK’s Local Authority Pension Fund Forum (LAPFF) has called on the UK government to ban sales of all new petrol, diesel and hybrid cars…

Edinburgh-based healthcare software firm Craneware said on Wednesday morning it terminated a plan announced on Tuesday afternoon to raise £83 million to fund “a small…

Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, said late on Tuesday it plans to raise £80 million to fund acquisitions via…

TSB Bank plc has told its cashiers their jobs will be phased out early next year after a big decline in customers banking at branches…

Shares of Aberdeen-based bus and rail giant FirstGroup plc rose about 6% on Monday as it welcomed the extension of funding from the UK Department for…

The downturn in the Scottish private sector “eased noticeably” in July with clear signs that the economy is approaching stabilisation, according to the latest Royal…

Royal London said on Monday it made a pre-tax loss of £181 million in the first half of 2020 compared to a profit of £397 million in…

The UK Treasury said on Friday that more than 65,000 businesses in Scotland benefited from over £2.3 billion of support to bounce back from COVID…

Standard Life Aberdeen said on Friday its first-half adjusted profit before tax fell 30% to £195 million while assets under management and administration slipped 6% to…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Edinburgh-based Standard Life Assurance, said on Thursday it is involved in “disagreements”…

Baillie Gifford said on Thursday its £2.5 billion Monks Investment Trust plc raised £100 million of long-term debt, a move that takes the closed-end fund’s…

Shares of West of Shetland oil and gas explorer Hurricane Energy plc fell another 17% on Thursday after it published an update on the technical…

Glasgow-based temporary power generation giant Aggreko plc said on Thursday its revenue fell 13% to £667 million in the six months to June 30 while…

Over 70 asset management firms with $16 trillion of assets have developed the first-ever Net Zero Investment Framework that “provides the first-ever practical blueprint for…

The Scottish Government has reimposed lockdown restrictions on Aberdeen after a spike in new coronavirus cases. “Following an increase in coronavirus (COVID-19) cases in Aberdeen,…

Scottish Widows has invested an initial £2 billion of pension fund assets to become the inaugural investor for BlackRock’s Climate Transition World Equity Fund —…

Shares of Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial markets trading, fell about 8% on Tuesday after it published a trading update for…

The UK’s Financial Reporting Council (FRC) is expected to appoint departing Standard Life Aberdeen CEO Keith Skeoch as its interim chairman in the next few…

Diageo, Scotland’s largest whisky producer, said on Tuesday its reported operating profit fell 47.1% to £2.1 billion in the year to June 30 fell as…

Leading Scottish law firm Brodies LLP said on Tuesday it reported a 7% increase in turnover to £82 million for the year to April 30,…

The Scottish Salmon Producers Organisation (SSPO) has appointed Edinburgh executive search firm FWB Park Brown to recruit its next chief executive. Current chief executive Julie…

Standard Life Investments Property Income Trust on Monday became the latest real estate investment trust (REIT) to slash its dividend amid pressure on rent collections. The…

Edinburgh-based investment giant Baillie Gifford said it has completed its first ever “value assessment” of its UK authorised funds. “Our conclusion is that value has…

Martin Gilbert, the outgoing vice-chair of Standard Life Aberdeen, said in an interview with London’s Financial News that the Edinburgh-based investment giant will seek acquisitions…

NatWest Group, the bank formerly known as RBS, said on Friday it suffered a net impairment loss of £2.8 billion in the first half of…

Edinburgh Airport said on Friday a restructuring process due to the impact of the Covid-19 pandemic on the aviation industry will see around a third of its…

TSB Bank plc said on Friday that its customer deposits rose £2.7 billion or 9% to £32.9 billion in the first half of 2020 “primarily…

Glasgow-based Smart Metering Systems (SMS) on Thursday published a trading update for the six months to June 30 and a full year outlook saying revenue and…

By Mark McSherry Aberdeen Standard Investments (ASI) said on Thursday that shares of its new US listed closed-end fund, Aberdeen Standard Global Infrastructure Income Fund…

The £67 billion Universities Superannuation Scheme (USS) – the UK’s largest private pension scheme by assets — said on Wednesday its funding deficit has more…

Aberdeen Standard Investments said on Wednesday its £580.9 million Murray Income Trust plc fund has agreed to merge with the £642.2 million Perpetual Income and…

Shares of Glasgow-based sausage skin and food collagen products firm Devro rose 12% on Wednesday after the firm published “robust” results for the six months ended…

Glasgow-based global mining, oil and engineering giant Weir Group talked up its “resilience” on Wednesday as it reported that revenue fell 18% to £1.095 billion in…

US fund management giant Franklin Templeton has appointed Julian Ide, CEO of Edinburgh-based asset manager Martin Currie, as its head of EMEA distribution ahead of…

The Scottish Government’s Transport Secretary Michael Matheson on Tuesday unveiled details of the plans to decarbonise Scotland’s rail passenger services by 2035. Matheson launched the…

Glasgow-based Virgin Money UK plc said on Tuesday that its customers’ deposits increased 4.8% to £67.7 billion in its third quarter “primarily due to lower…

SSE, the Perth-based renewable energy and electricity networks giant, said on Tuesday it appointed John Manzoni to succeed Richard Gillingwater as SSE chair. Manzoni held…

Edinburgh-based investment giant Baillie Gifford is to move its headquarters from Calton Hill at the east end of Princes Street to a new £350 million…

Cumbernauld-based Irn-Bru maker A.G. Barr said in a trading update on Tuesday it expects its full year revenue for the year ending January 2021 will…

Ireland’s National Treasury Management Agency (NTMA) said on Friday it is now guiding that total bond funding activity this year “will be at the upper…

Falkirk-based global bus manufacturer Alexander Dennis Limited (ADL) announced on Monday that “as a result of the significant decline in UK demand for new buses and…

Edinburgh-based international oil and gas company Cairn Energy said on Monday it agreed to sell its Senegal interests to Russia’s LUKOIL for up to $400…

A new report carried out for Scotland’s Rural College (SRUC) has “defined and detailed” for the first time the value of the “natural economy” to…

Edinburgh funds platform Nucleus Financial Group said on Friday its assets under administration recovered to end the first half of the year to June 30 at…

The UK government said late on Thursday that the Scottish Government will receive a minimum of £1.9 billion in additional funding this year on top…

Dundee investment trust company Alliance Trust plc, which now uses external fund managers Willis Towers Watson (WTW), said on Thursday the first six months of…

Standard & Poor’s Global Ratings said in a new report that the €750 billion EU Recovery Fund and “the establishment of a shared fiscal mechanism”…

South Korea’s Hyundai Asset Management and the UK’s Roebuck Asset Management have completed a transaction to buy the Aegon UK head office in Edinburgh from…