Scottish Financial Review

Hymans Robertson, the pensions, actuarial and financial services consultancy, has announced a number of senior executive appointments. Catherine McFadyen has been appointed to the role…

SSE plc, the Perth-based electricity infrastructure giant, announced that the Shetland Islands have been connected to the GB electricity grid for the first time. SSE…

Scottish Enterprise said it delivered a “record set of results” for the past year, helping businesses to scale and contributing to Scotland’s “economic transformation.” Scotland’s…

Troubled Glasgow-based fashion firm Quiz plc said on Thursday it has started discussions with Tarak Ramzan, the company’s founder and largest shareholder, about a £1…

SSEN Transmission, the 75%-owned subsidiary of Perth-based electricity infrastructure giant SSE plc, said it successfully launched its debut issuance in the Euro bond market with…

FNZ, the global wealth management platform, announced that company founder Adrian Durham, “has decided to transition from his role as Group CEO to a non-executive…

HALO Invest, a new adviser and investor platform in the UK, has opened headquarters in Glasgow after securing an £800,000 funding grant from Scottish Enterprise. The…

The Scottish Government said that Scotland’s GDP grew 0.6% in real terms over the second quarter of 2024 (April to June), after growing 0.5% in…

Scottish luxury brand Strathberry announced the appointment of Martin Byrne as its new managing director as it sets its sights on reaching £100 million in revenue…

John Wood Group plc said it has signed separate sales agreements for the disposals of two businesses, which together are expected to generate net proceeds…

Scotland’s small companies experienced a significant rise in late payments as business confidence fell in the run up to the UK General Election, new research…

Just Group announced it has completed a £42 million full-scheme buy-in for The Scottish Milk Limited Retirement Benefits Plan. The scheme is sponsored by First…

Scottish Rugby said it has recruited internationally-respected performance director David Nucifora in an “advisory” capacity for two years to “provide a roadmap for its next…

The time has come for Edinburgh and Glasgow to have “directly elected mayors that work together formally” to promote Scotland’s Central Belt as a “Growth…

Influential trade body Offshore Energies UK (OEUK) has announced Steve Nicol as the new supply chain champion for the sector. Nicol is Executive President of Operations…

John Wood Group plc, the Aberdeen-based engineering and consulting giant, said it is advancing three carbon capture and storage (CCS) projects on the Norwegian Continental Shelf….

Scotland’s ageing population has driven up the number of Scottish households who own their home mortgage-free, according to new statistics from the 2022 Census. In…

Glasgow media firm STV Group plc said its STV Studios business has confirmed four new commissions and recommissions, including a second series of international thriller Criminal…

The City of Edinburgh Council’s plans to introduce a visitor levy for Scotland’s capital took another significant step forward on Thursday as councillors agreed key…

Hymans Robertson, the pensions, actuarial and financial services consultancy, has announced two new experienced hires to its Edinburgh office as the firm’s risk transfer team…

By Mark McSherry The £680 million Baillie Gifford US Growth Trust plc said its share price and net asset value (NAV) returned 32.9% and 16.2%…

Macfarlane Group, the Glasgow-based packaging, design and distribution firm, said its revenue fell 8% to £129.6 million and  profit before tax slipped 3% to £9.7 million…

Brazil has granted special protected status to Scotch Whisky in a move that could be worth around £25 million over five years and will give distillers…

Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc said on Thursday the telecoms market “has remained challenging” but it is encouraged “by early successes of Calnex’s…

The Scotch Whisky Association said new tax receipts data published by HMRC show the UK Treasury has lost £298 million in tax revenue from Scotch…

The latest activity report from Lerwick Port Authority in Shetland has confirmed a significant increase in traffic across sectors in the first half of 2024….

UK government borrowing totaled £51.4 billion between April and July — the first four months of the financial year — which was £4.7 billion more…

Scotland’s development bank, The Scottish National Investment Bank (SNIB), announced that it committed £224.6 million in capital to 20 companies over the 2023-24 financial year. The…

A pilot scheme that scrapped peak-time ScotRail fares will end in September following “a limited degree of success.” The project, which saw ticket prices subsidised…

After a rocket engine exploded during a launch test at the UK’s new spaceport in Shetland on Monday, the CEO of SaxaVord Spaceport has warned:…

Tech ecosystem builder CodeBase has joined forces with The Open University in Scotland “to accelerate co-learning opportunities, including co-creation of educational content, and drive startup…

Beeks Financial Cloud Group plc, the Glasgow-based connectivity provider for financial markets, said the Johannesburg Stock Exchange (JSE) has signed a further “significant” contract extension for the…

Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, said it has been awarded a £53 million contract for the Reko Diq greenfield copper-gold…

John Wood Group plc, the Aberdeen-based engineering and consulting giant, said on Tuesday it made a statutory loss of $983 million in the six months to…

Edinburgh-based learning and training management platform Administrate has raised £3 million in funding to support the launch of its new AI scheduling software and enhance…

Creative Scotland announced it has “taken the difficult decision” to close its Open Fund for Individuals to new applications “due to the Scottish Government being…

Over 3,000 industry experts from around the world are expected to attend Space-Comm Expo Scotland at SEC Glasgow on September 11 and 12 for the biggest…

The latest Regional Growth Tracker data from the Royal Bank of Scotland has pointed to a “solid rise” in Scottish private sector activity at the…

Scottish salmon export sales soared 41% in the first half of 2024, driven by substantial growth in the Asian and American markets, according to Salmon…

By Mark McSherry Edinburgh investment giant Baillie Gifford has announced that Andrew Telfer, one of its three managing partners, will retire on March 31, 2025,…

The Scottish National Investment Bank said it has invested a further £10 million in Highland Broadband, which is part of Lothian Broadband Networks Limited. The bank…

New research from Phoenix Group, owner of Standard Life, has found that 75% of Scots aged between 40 and 66 — pre-state pension age —…

Edinburgh-headquartered telecoms network provider Commsworld Ltd said its turnover increased 28% to £36.5 million in 2023 — and for the first time more than 60%…

Scotland’s whisky distillers are to benefit from Scottish Government funding of £3.1 million towards the development of a green hydrogen hub in Moray. The Scottish…

The Scottish Government said on Wednesday that revenue generated for Scotland’s public services increased by £1.7 billion last year to £88.5 billion “driven by a…

Beeks Financial Cloud Group plc, the Glasgow-based cloud computing and connectivity provider for financial markets, confirmed on Wednesday that its conditional contract with “one of the largest…

The latest EY ITEM Club Scottish Summer forecast said that Scotland’s economic recovery is gaining momentum, “suggesting fertile conditions for growth.” It said the latest quarterly GDP…

Pension fund Railpen and independent Scottish renewable energy business GreenPower have announced a joint venture to co-develop the 66 megawatt (MW) Barachander onshore wind project…

Edinburgh and London-based private bank Hampden & Co said it saw significant demand for personalised banking over the first half of 2024 as deposits, lending and…

UK energy regulator Ofgem said it has given the green light to a £3.4 billion funding package to build a proposed new subsea “superhighway” with…

New research from business and financial adviser Grant Thornton UK LLP has found that parents are more likely to encourage their child to apply for…

SSE Renewables announced that exploratory tunnelling at the site of what would be the UK’s first large-scale pumped storage scheme to be developed in 40…

A new research hub is to lead the use of “digital twins” to determine how transport systems, from road and rail to air and maritime,…

The Scottish Rugby Limited (SRL) board said it has appointed international banker Stephen White — currently chief operating officer for Santander UK — as an…

Aidan O’Carroll has been reappointed as chair of the Revenue Scotland board by Ivan McKee MSP, Minister for Public Finance. O’Carroll has been Revenue Scotland…

The number of people living in Glasgow city centre has risen by a third in just over a decade, new figures released by Glasgow City…

Utah-based Recursion Pharmaceuticals has agreed to buy AI-driven drug discovery firm Exscientia, originally a spinout company from the University of Dundee, in an all-stock deal…

A group of private equity investors agreed on Friday to buy Hargreaves Lansdown in a deal that values the Bristol-based investment platform at £5.4 billion….

Total UK fintech investment hit $7.3 billion in the first half of 2024, up from $2.5 billion in the same period in 2023, according to…

Chivas Brothers, the Scotch whisky business of Pernod Ricard, and its distilling wheat supplier Simpsons Malt Limited, have announced an investment in low-carbon fertiliser created by…

Loganair, the UK’s largest regional airline, has announced the appointment of Natalie Bush as Chief Operating Officer (COO) and Accountable Manager. Bush, currently the UK…

Scottish-headquartered UK law firm Shepherd and Wedderburn has reported growth of 7% in turnover to £71.4 million for the year to April 30, 2024. Net profits…

Shell has selected Aberdeen-based consulting and engineering giant Wood plc to deliver pre-FEED (pre-front-end engineering and design) services for Oman’s innovative Blue Horizons’ project. “The project will…

Celtic plc said in a trading statement late on Tuesday it expects that its earnings for the year ended June 30, 2024, “will be significantly higher…

A record number of Scottish students have secured places at a Scottish university this year, UCAS figures show. Acceptances to Scottish institutions for “home” students…

Shares of Abrdn rose as much as 5% on Tuesday after it reported first-half results showing assets increasing slightly to £506 billion and total group net inflows…

The UK Government’s decision to withdraw funding for the University of Edinburgh Exascale Supercomputer is a major blow to Edinburgh’s ambition to be a global centre…

Global stock markets fell sharply on Monday — with the Japanese index suffering its worst day in 37 years — as investors around the world…

Turnover from red meat processing in Scotland in 2023 is estimated to have risen for a fourth consecutive year — rising 1% to £975 million….

Lloyds Banking Group (LBG) — owner of Bank of Scotland, Scottish Widows and Halifax — said it has appointed Rohit Dhawan to the newly established…