Scottish Financial Review

Madrid-based Matrix Renewables said it has successfully closed a £245 million non-recourse project financing deal to support the construction of a large-scale, transmission-connected 500MW /…

NatWest Group, the bank formerly known as RBS, has committed to a faster deployment of artificial intelligence (AI) as an “accelerant of our strategy” —…

The Institute of Chartered Accountants of Scotland (ICAS) has claimed that low confidence in the Scottish economy “is already holding back investment and job creation…

WTW Scotland has announced several new appointments and a number of senior promotions within its Retirement and Pensions Outsourcing teams. Heather Wright, James Cassidy and Lindsay Cassidy,…

The David Hume Institute announced Paul Atkinson as its new chair “at a time when Scotland faces growing economic and policy challenges.” Atkinson is a…

ICAS said it has appointed former Deloitte executive David Cruickshank as its new President “with social mobility in the accountancy profession and the amplification of…

Wikipedia founder Jimmy Wales is to headline DataFest 2026 — Scotland’s biggest AI gathering — at the Assembly Rooms in Edinburgh on May 27 and…

Scottish Bakers, the national trade body for Scotland’s bakery sector, has unveiled its Bakery Category Insight Reports 2026, a data-led resource produced in collaboration with…

The majority of closed-end investment trust companies have outperformed “sister” open-ended funds run by the same manager over one, three, five and ten years, according…

Edinburgh Airport delivered £2.7 billion of economic value to Scotland in 2025 and supported almost 44,000 jobs, according to a new independent economic impact report….

Scottish Building Society said its retail savings balances grew 4% to £612.9 million in 2025 as it revealed the number of mortgages it offered to…

Royal Bank of Scotland on Friday announced a new partnership with the University of Edinburgh “to combine entrepreneurship expertise.” A dedicated member of RBS staff…

Scotland’s salmon farming sector has written to all Holyrood election candidates, urging the next Scottish Government “to cut red tape and support jobs, investment, and…

The CEO of The National Robotarium in Edinburgh, Stewart Miller, said on Thursday he has resigned “as a direct consequence of Heriot-Watt University senior leadership…

Private equity firm CVC Capital Partners Plc is emerging as the frontrunner to form a UK pension partnership with Standard Life Plc, according to a…

A coalition of eight spirits industry representative organisations across the UK — including the powerful Scotch Whisky Association — has released a joint statement condemning…

Edinburgh-based Artisanal Spirits Company (ASC), creator of limited-edition whiskies, said its chair Mark Hunter “has decided to step back from all formal business commitments for…

UK government borrowing in the financial year ending (FYE) March 2026 has been initially estimated at £132 billion — £700 million less than had been…

Recent data has remained positive for the Scottish economy, but the outlook for future growth is being dampened by the ongoing conflict in the Middle…

Edinburgh, London and Manchester-based Hampden Bank said it broke through £1 billion of client deposits during 2025, with deposits at the UK private bank increasing…

Edinburgh-based investment giant Aberdeen Group plc said on Wednesday its assets under management and administration (AUMA) “recovered strongly” from outflows in the first quarter to…

Scottish Renewables announced that its chief executive officer Claire Mack “has decided to step down from her role to pursue the next stage of her…

Texas-based Shrieve Chemical Company, a portfolio company of Gemspring Capital, said it has acquired Aberdeen-based FIS Chemicals, a formulator, manufacturer, and distributor of high-performance chemical…

Clean heat tech company Exergy3, a University of Edinburgh spinout, has raised £10 million in seed funding to scale its proprietary technology addressing three of…

The £4 billion East Anglia THREE offshore windfarm being developed by ScottishPower and Masdar has set a UK offshore wind record with the installation of…

Edinburgh Innovations (EI), the University of Edinburgh’s commercialisation service, has announced the appointment of two new non-executive directors — Elizabetta Camilleri and Gemma Atkinson —…

Offshore Energies UK (OEUK) has welcomed the latest comments by UK finance minister Rachel Reeves on North Sea oil and gas production, which it described…

The latest Scottish Technology Industry Survey 2026 from digital technology trade body ScotlandIS reveals that 58% of Scottish technology companies reported rising sales in 2025,…

The latest headline Royal Bank of Scotland Business Activity Index shows that a second month of employment growth offered some positivity during a modest month…

Celtic Football Club announced late on Wednesday that former Clydeport CEO Tom Allison has retired from the board of Celtic plc after 25 years.   …

Standard Life plc — formerly called Phoenix Group — said on Wednesday it has agreed to buy Edinburgh-based Aegon UK for £2 billion. Aegon UK…

The UK government sold 10-year bonds on Tuesday at the highest yield since the global financial crisis. The 2036 gilt syndication raised a record £15…

The IMF has cut the UK’s growth prospects for 2026 by more than any other G7 nation as it warned that the UK faces a…

The Scotch Whisky Association (SWA) has appointed former UK Ambassador Ian Duddy as its new International Director. Scotch Whisky exports were valued at £5.36 billion…

AGS Airports — which operates Glasgow, Aberdeen and Southampton airports — said it appointed professional services firm WSP and international architectural practice Pascall + Watson…

Delta Air Lines announced on Monday it will connect Edinburgh to New York year-round as the airline extends its JFK service from the Scottish capital….

Aberdeen Investments announced the appointment of Parker Wertz as chief financial officer for the group’s asset management business — and also unveiled two senior leadership…

Shares of Linlithgow-based Calnex Solutions plc, a provider of test and measurement solutions for telecoms, cloud computing and defence markets, rose as much as 10%…

The Baillie Gifford-managed £860 million Edinburgh Worldwide Investment Trust plc (EWIT) said late on Friday that its tender offer with an exit option “has not…

The North Sea Transition Authority (NSTA) has fined North Sea licensee EnQuest Heather Limited a total of £16.5 million for failing to decommission 33 inactive…

March delivered a positive boost to retail activity across Scotland, with footfall rising +8.4% month on month across all retail destinations. That’s according to new March footfall…

The chief executive of SSE plc, the Perth-based electricity infrastructure giant, said the UK needs to “finish building the UK’s clean energy system.” Martin Pibworth…

The latest Fund Flow Index from Calastone, the largest global funds network, showed outflows from UK-domiciled equity funds surged in March to £1.44 billion, up…

The board of Aberdeen’s £440 million Dunedin Income Growth Investment Trust has approved “greater flexibility to invest in Aerospace & Defence, permit investment in Nuclear…

Trogenix Ltd, a pioneering University of Edinburgh spinout biotech firm dedicated to developing innovative cancer therapies, has announced the publication of its breakthrough pre-clinical data…

Baillie Gifford’s $1.8 billion Schiehallion Fund investment trust company said its ordinary share net asset value (NAV) returned 32.6% and its share price returned 64.8%…

NatWest-RBS said it has appointed Nick Rodolakis as its new Head of Funds and Sponsor Coverage within its Corporate and Institutional Banking (CIB) business, leading…

Aberdeen Group said its Italian biomethane platform, Bionext Infrastructure, has secured a financing package to fund further growth. The €113 million financing package, provided by…

Edinburgh-based Capricorn Energy said on Wednesday the deadline for Alamadiyaf al-Masiyyah for Trading LLC, a member of the Cafani Group, to make a formal takeover…

The Edinburgh Finance Festival is to return to Scotland’s capital city from June 8 to June 20, 2026, building on the success of its inaugural…

Glasgow-based Loganair said Scott Cunningham, a former executive for Clyde Blowers, InterBulk Group and Iomart, will join the regional airline as chief financial officer. Loganair…

Glasgow-based Beeks Financial Cloud Group plc, a cloud computing and connectivity provider for international financial markets, announced the signing of a “significant Proximity Cloud contract…

Trade body Scottish Financial Enterprise (SFE) has launched its Scottish Government election manifesto designed to make Scotland the “engine room” of the UK economy. SFE…

The Association of Investment Companies (AIC) has urged the UK’s Financial Conduct Authority (FCA) to tighten UK Listing Rules after New York hedge fund activist…

Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, has announced changes to its board. Weir said Ravi Gopinath will be appointed to…

SSE plc, the Perth-based electricity infrastructure giant, said its renewable generation output is expected to be around 14.5 TWH for the year ended March 31,…

The £200 million Baillie Gifford China Growth Trust plc investment trust said its net asset value total return was 34% and share price total return was…

NatWest and Sainsbury’s have announced a new agreement that will bring a range of new financial products to Sainsbury’s customers, with exclusive benefits for Nectar…

Howden, the global insurance intermediary group, has agreed to acquire the Insurance and Financial Services (IFS) Consulting Team of Hymans Robertson LLP, strengthening its specialist…

Bus maker Alexander Dennis, a subsidiary of Toronto-listed NFI Group Inc, announced on Tuesday it is consulting on a “new approach aimed at securing Scottish…

The Scottish Government has reported that farm incomes rose in 2024-25, following steep declines in 2023-24. Average income across all farm types rose 30% from…

The £480 million Baillie Gifford Shin Nippon plc investment trust said its net asset value per share increased 5.4% and its share price rose 14.4%…

ScottishPower’s transmission business SP Energy Networks has started its five-year £12 billion rewiring programme of the central and southern Scotland electricity grid. Creating 1,400 direct…

Shares of A.G. Barr, the Cumbernauld-based owner of Irn-Bru, Rubicon energy drinks, Boost Drinks and Funkin cocktail mixers, rose as much as 8% after it…

A new research partnership between the University of Glasgow and Lloyds Banking Group is planning to explore the potential of AI to support software and…

Scottish-headquartered UK law firm Shepherd and Wedderburn announced that Andy Hall will succeed Andrew Blain as Managing Partner from May 1, 2026. In its most…

Investment in Scottish commercial property investment was £387 million in the first quarter of 2026 — a 21% drop year-on-year and 16% down on the…

Edinburgh-based house builder Miller Homes, the UK’s largest private housebuilder, has published full-year results for 2025, delivering a “record year” for the business. The firm…

Edinburgh-based Artisanal Spirits Company (ASC), creator of limited-edition whiskies, said its 2025 revenue fell to £19.9 million from £23.6 million and it made a loss…

Shares of Edinburgh-based Capricorn Energy rose as much as 11% on Monday after it said the Egyptian House of Representatives ratified “the consolidated and amended…