Scottish Financial Review

Edinburgh-based investment giant Baillie Gifford is to take over the management of the £215 million Witan Pacific Investment Trust plc and change the fund’s investment…

German agriculture and energy firm BayWa r.e. said on Wednesday it joined the existing consortium of Belgian renewable energy company Elicio and French floating wind…

The Royal Bank of Scotland Group plc today changed its name to NatWest Group plc. The change of name has been registered at Companies House…

Shares of Perth-based bus and rail giant Stagecoach Group plc got some respite on Wednesday, rising 10% after its results for the year ended May…

Shares of Edinburgh-based Frontier IP, an AIM-listed specialist in commercialising intellectual property, fell 9% on Tuesday after it sold 4.24 million new ordinary shares in…

Maven Capital Partners has led a £2.7 million investment through its managed Venture Capital Trusts (VCTs) and alongside the Scottish Investment Bank in Edinburgh-Tased Quorum…

Legal & General said its L&G UK Property Fund will invest over £50 million into a major regeneration project in Princes Street, Edinburgh. “The proposals…

European Union leaders finally agreed a stimulus package worth €750 billion early on Tuesday — with the money to come from bonds sold on behalf…

The Royal Bank of Scotland Group has told its staff that the vast majority of them can continue to work from home until 2021. The…

The London Stock Exchange said 521 bonds were issued on the LSE during the first half of 2020, with $358 billion in debt capital raised. In its Debt…

Scotland Gas Networks Plc said on Monday its turnover for the year ended March 31, 2020, edged 2% higher to £357 million while profit for…

The number of profit warnings issued by listed companies headquartered in Scotland in the first half of 2020 increased by 45% year-on-year, with 94% citing…

UK corporate reaction to the Covid-19 pandemic caused unprecedented cuts in company dividends in the second quarter of 2020, according to the latest dividend monitor…

Perth-based renewable energy and electricity networks giant SSE plc said the decision by Ofgem to approve the 600MW HVDC transmission link connecting Shetland to the…

The Edinburgh property market has seen “exceptionally strong” demand over the June 29 to July 14 period since restrictions were relaxed, according to the latest…

Scotland’s gross domestic product (GDP) increased by 1.5% in May — after falls of 18.9% in April and 5.5% in March — according to statistics…

By Mark McSherry The Institute for International Finance (IIF) said on Thursday that global debt surged to a record $258 trillion in the first quarter…

Perth-based renewable energy and electricity networks giant SSE plc said in a trading statement on Thursday it will maintain its plans to invest £7.5 billion…

The UK Government said on Thursday it would seek to borrow another £110 billion from the bond market between September and November. The move will…

The Royal Bank of Scotland Group plc said on Thursday that its name change to NatWest Group plc will take effect on Wednesday, July 22,…

S&P Global Ratings said in a new report that the EU could become the main liquidity provider for a “green safe asset” if it carries…

By Mark McSherry Janus Henderson Investors has announced the results of its first annual Corporate Debt Index survey, saying company net borrowings around the world surged…

Edinburgh-based Skyscanner Ltd, the travel-booking firm owned by China’s Trip.com Group, is preparing to cut up to 20% of its workforce and close some offices…

Swedish state-owned energy firm Vattenfall said on Tuesday it is considering proposals for another two wind farms in South West Scotland. Together, the projects could produce…

Scottish companies listed on the FTSE index averaged a share price fall of 30.72% between January and June 2020, compared to losses of 18.61% and…

Alva-based Omega Diagnostics Group, involved in developing new tests with its partners for COVID-19, said on Tuesday its reported revenues edged 1% higher to £9.82…

Cancer therapies company Macomics, a spin out from the University of Edinburgh, has launched by raising £3.2 million in a seed funding round led by…

The Financial Reporting Council (FRC) on Tuesday released its latest audit inspection results at the seven largest UK accounting firms which show “one third of…

Glasgow-based DeepMatter Group plc, the AIM-listed company focusing on digitizing chemistry, on Monday announced a share placing and subscription to raise gross proceeds of £2.1…

By Mark McSherry Janus Henderson Investors announced on Monday the results of its first annual Corporate Debt Index survey, saying company net borrowings around the world…

By Mark McSherry The stock price of the Scottish Mortgage Investment Trust plc rose another 5.5% to £9.59 on Monday after shares of its top…

Embattled Glasgow-based fashion firm Quiz said on Monday it is “extremely concerned” by news reports about “an alleged instance of non-compliance with National Living Wage requirements…

Diageo, makers of Johnnie Walker, announced on Monday it has created “the world’s first ever 100% plastic free paper-based spirits bottle, made entirely from sustainably sourced…

Private sector activity in Scotland continued to decline markedly during June, with ongoing coronavirus restrictions stifling demand and disrupting operations, according to the latest Royal…

Edinburgh-based Roslin Technologies, the specialist AgriTech venture builder, is embarking on a £50 million second round capital raise that would value the company at more…

One of Boohoo’s largest shareholders — Edinburgh-based asset management giant Standard Life Aberdeen — has sold most of its stake in the Manchester-based online fashion…

Perth-based renewable energy and electricity networks giant SSE and Iberdrola’s Scottish Power both slammed a proposal on Thursday by the UK’s energy regulator Ofgem to cut…

Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, said on Wednesday it expects to report that revenue for the year will be…

Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, said on Wednesday it expects its revenue for full year 2019-20 to fall…

The Financial Reporting Council (FRC) said on Wednesday it fined Grant Thornton UK £3 million for “firm-wide failures” to ensure compliance with ethical standards between…

Shares of Aberdeen-based bus and rail giant FirstGroup plc fell about 23% on Wednesday after it published annual results showing a £300 million loss before…

The Scottish Government is to provide up to £9 million of emergency funding for Glasgow Subway and Edinburgh Trams in response to the financial impacts…

Archangels, the Edinburgh-based business angel investment syndicate, said on Tuesday it has led investment of £3.3 million in innovative Scottish companies during the coronavirus lockdown….

Morgan Sindall Construction said on Tuesday it has won a place on the University of Glasgow’s new £250 million capital projects framework. “Work routed through…

UK insurance giant Aviva plc said on Monday that its Falkirk-born chief executive office Maurice Tulloch has stepped down “for family health reasons” will be…

Shares of Glasgow-based packaging firm Macfarlane Group rose 9% on Monday after it used a trading update saying its sales performance “has been more resilient…

North Sea oil producer RockRose Energy Plc said on Monday it agreed to be bought by privately held energy firm Viaro Energy in a deal…

Lloyds Banking Group (LBG) — owner of Bank of Scotland, Scottish Widows and Halifax — said on Monday that António Horta-Osório will step down as…

The UK’s Big Four accounting firms have been told by the Financial Reporting Council (FRC) they have until 2024 to separate their audit practices from…

The City of Edinburgh Council will discuss proposals on Thursday, July 9, that include an option to create a single company for Lothian Buses and…

The £7.5 billion Lothian Pension Fund said on Friday it paid out £252.4 million to 31,500 pensioner members or their dependants in its 2019-2020 year….

Royal Bank of Scotland chairman Howard Davies on Friday urged the Bank of England, the UK’s central bank, to lift the current ban on bank…

Shares of Alva-based Omega Diagnostics Group rose as much as 11% on Thursday after it announced that its CE-Marked Mologic ELISA antibody test has been…

An independent expert group warned on Thursday that the UK’s proposed new immigration system could halve the number of people coming to Scotland — risking…

Some of Europe’s biggest stock exchanges on Wednesday returned a negative response to UK proposals to shorten the trading day, delivering a blow to the…

Scottish biotechnology company TC BioPharm (TCB) said on Wednesday it has submitted documents to UK regulators “to start safety trials on an experimental therapy designed…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Edinburgh-based Standard Life Assurance, announced changes to its executive committee on…

Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — said on Tuesday its core revenue rose 6%…

Edinburgh-based investment giant Standard Life Aberdeen plc said on Tuesday that group chief executive Keith Skeoch will step down and be succeeded by Scottish-born Citigroup…

Investment firm Quilter said it hired Bambos Hambi from Aberdeen Standard Investments to be chief executive officer of Quilter Investors. London-based Quilter manages investments of…

The UK said on Monday it plans to sell a record £275 billion of government debt between April and August to pay for the massive…

The FTSE 350 defined benefit (DB) pension solvency deficit increased by £45 billion to £210 billion over the first five months of the year, according…

BP said on Monday it agreed to sell its global petrochemicals business to Grangemouth refinery owner Ineos for up to $5 billion. “The agreed sale,…

Shares of Glasgow-based global mining, oil and engineering giant Weir Group rose 7% on Friday after it announced a “robust” trading update and agreed the…

Edinburgh-based airport services giant John Menzies plc said on Friday that its CEO Giles Wilson is to leave the group and become chief financial officer with…

Aberdeen Standard Investments (ASI) said on Thursday that top-rated fund manager Harry Nimmo is returning to co-manage its global small cap strategy. Nimmo stepped down…

The Association of Investment Companies (AIC) — which represents the investment trust industry — has recommended that companies should not have to prepare a prospectus for secondary issues of…

The Scottish economy could take until 2024 to fully recover the output it has lost during the coronavirus crisis, according to the latest Economic Commentary by the…

Royal Bank of Scotland-NatWest group is to cut almost a quarter of its investment banking staff in the United States, it emerged on Wednesday. RBS-NatWest…

Scotland’s First Minister Nicola Sturgeon on Wednesday announced provisional dates for the relaxation of travel restrictions and the restarting of the hospitality industry, among many…