Scottish Financial Review

The Denmark-based Arla Foods dairy cooperative has announced a proposal to invest €107.7 million into its Lockerbie site in Scotland, to support the farmer-owned cooperative’s future…

Troubled Aberdeen-based engineering and consulting giant John Wood Group confirmed on Monday afternoon that it has received a new approach from Dubai-based firm Sidara in relation…

Scottish biotech engineering company uFraction8 has secured £3.4 million in new investment following the completion of a funding round led by the Foresight Group. The…

UK Prime Minister Keir Starmer said on Sunday the UK government will provide an extra £200 million of investment for Grangemouth as the oil refinery…

A new report from the UK’s Institute for Fiscal Studies (IFS) shows there were 585,000 public sector workers in Scotland in 2024, representing 22% of…

SSE announced that its Chaintrix-Bierges and Vélye Wind Farm in northeast France is fully operational after completing the 28MW onshore wind farm. This is the…

The UK’s Competition and Markets Authority (CMA) announced that four major banks — Citi, HSBC, Morgan Stanley and Royal Bank of Canada — will pay…

Scottish Widows grew its workplace pensions assets under administration by 17% to £108 billion in 2024. The business is part of Lloyds Banking Group, which…

Embattled Aberdeen-based engineering group John Wood Group said on Thursday it has been awarded a $120 million contract extension by Shell UK Limited to provide brownfield…

Troubled Aberdeen-based engineering and consulting giant John Wood Group announced late on Wednesday that its chief financial officer (CFO) Arvind Balan “has tendered his resignation and the…

Beeks Financial Cloud Group, the Glasgow-based private infrastructure and connectivity provider for financial markets, published an update on trading for the six months ended December 31,…

Kelso Pharma, the growing specialty pharma business backed by Apposite Capital, the healthcare specialist private equity investor, announced the acquisition of the UK pharma business,…

Pulpex Limited, the sustainable packaging technology company, announced a £62 million Series D investment round led by the UK’s National Wealth Fund (NWF) and the…

Beeks Financial Cloud Group, the Glasgow-based private infrastructure and connectivity provider for financial markets, said Grupo Bolsa Mexicana de Valores (BMV), the second-largest exchange in Latin…

The total value of all private housing in Scotland has risen by £220 billion to £546 billion in the last 10 years, according to new research by…

Aquis, the “challenger” stock exchange, said CEO Alasdair Haynes has informed the board of his decision to step back from the day-to-day running of the…

Leading Scottish law firm Brodies LLP announced the election of a new chair, with partner Iain Rutherford to take on the role from May 1,…

Deloitte said it has appointed David Mitchell as its new office senior partner for Glasgow. In his new role, Mitchell will be responsible for leading…

Mowi, Scotland’s largest aquaculture company, has announced its purchase of Sanda Island off the southern tip of the Kintyre peninsula in Argyll and Bute. The…

New research from Scottish Widows has revealed that 72% of UK employees say it is important that their employer offers a “responsibly invested” pension. Yet…

Isle of Barra Distillers said the firm has secured two new major export agreements with China and Hong Kong. Working with two distribution partners, this brings…

Shares of Elgin-based house builder Springfield Properties plc rose as much as 10% on Monday after the company published results for the six months ended…

Baillie Gifford’s £800 million Edinburgh Worldwide Investment Trust has become the latest closed-end fund company to defeat New York activist hedge fund Saba Capital Management….

NatWest — the banking group formerly known as RBS — has reported a 2024 pretax operating profit of £6.2 billion, up 0.3% on the prior…

Shares of Aberdeen-based engineering and consulting giant John Wood Group fell as much as 50% to around 31p on Friday after it published a “difficult”…

The North East of Scotland will be transformed by over £30 billion of investment over the coming decade, according to research in a landmark report…

International sales of Scottish salmon hit a record high of £844 million in 2024, soaring by 45% in a year to remain the UK’s top…

The Scotch Whisky Association (SWA) has released global export figures that show the value of Scotch exports stood at £5.4 billion in 2024. The SWA…

Baillie Gifford’s £1 billion investment trust company Scottish American Investment Company (SAINTS) reported that its net asset value (NAV) total return of 6.1% “significantly lagged”…

Scotcoin — the “ethical crypto” — said it made its debut on the MEXC cryptocurrency exchange at 10am UK time on Wednesday “in a move that…

Standard Life, part of Phoenix Group, has successfully concluded a £250 million Bulk Purchase Annuity transaction with the Finning Pension Scheme, which is sponsored by…

NatWest Group — the bank formerly known as RBS — has announced an updated package of targeted lending and support for UK social housing “aimed…

Aberdeen consulting giant Wood has been awarded an engineering scope for the Ngovayang Iron Ore project in Southern Cameroon, one of the first mining projects in…

Scotland’s strengths in creative industries, life sciences and the offshore wind sector are to be showcased at the global Expo 2025 Osaka in Japan later…

Glasgow Prestwick Airport (PIK) has welcomed its first Hong Kong Air Cargo (HKAC) flight — making HKAC the first Far East airline to operate at…

Scotland’s market for £1 million-plus homes recorded more sales last year, led by continuing demand for family properties and well-presented country houses, according to a…

The UK government is set to sell a record £13 billion of 10-year bonds after attracting the highest-ever demand for such securities from investors keen…

January saw a “softer contraction’ in Scotland’s private sector output that was driven by a renewed uplift in services activity but partly offset a further…

Abrdn’s forecasts for returns from European and UK real estate have been increased — as it predicts a deeper “construction crunch” that will limit new…

Celtic plc said its profit before taxation rose about 45% to £43.9 million in the six months to December 31, 2024, despite revenue for period…

Savills, on behalf of Old Park Lane Management (OPLM), has sold 31 Royal Exchange Square and 98 Buchanan Street, Glasgow, to Cervidae for £13.775 million….

Marketing, advertising and media publisher The Drum is opening a new base in Miami. Co-founder Gordon Young said the US has been a “huge” growth…

SIX Financial Information, part of European stock exchange operator SIX Exchange Group AG, has joined the Scottish Financial Enterprise (SFE) membership. Switzerland-based SIX operates exchanges across…

Tidal stream and wave energy projects can deliver more than £8 billion in economic benefits to the Scottish economy by 2050 if the correct steps…

Shares of Artisanal Spirits Company, owner of The Scotch Malt Whisky Society (SMWS), Single Cask Nation (SCN) & J.G. Thomson, rose as much as 7% after it…

Chivas Brothers, the Scotch whisky business of Pernod Ricard, announced its H1 FY25 (July 2024 – December 2024) financial results with organic net sales down…

Shares of Glasgow-based secure cloud services firm Iomart Group plc fell as much as 20% on Friday after it published a trading update for the year ending…

Colorado-based technology solutions giant Arrow Electronics has announced a distribution agreement with Dukosi Ltd, the Edinburgh innovator in battery monitoring technology, for advanced battery management…

Start-up tech companies taking part in the Scottish Government’s Techscaler business accelerator programme have raised more than £118 million of capital investment in the past…

Edinburgh-based upmarket home builder Cala Group (Holdings) Ltd announced the appointment of Ian Sutcliffe as non-executive chairman, effective immediately. The company also announced the appointment of Tom…

The UK central bank of Thursday cut interest rates from 4.75% to 4.5% — the lowest base rate since June 2023. The Bank of England’s Monetary…

Total private equity investment in Scotland increased 35.6% in 2024 to £9.4 billion, according to the latest UK Private Equity Review from KPMG UK. The…

Places for People, the social enterprise, said it has secured land on the western outskirts of Edinburgh to bring forward more than 1,300 new homes. The…

House prices in Edinburgh North West rose 20% to an average of £290,041 over the last three months, according to the latest ESPC House Price Report. “Highlighting…

UK-focused stock funds suffered £1.07 billion of outflows in January, making it the sixth worst month on record for the unloved UK equity market, according…

Scotland’s Chief Statistician has released figures on local government finance for 2023-24 showing that councils’ net revenue expenditure — the cost of delivering services each year…

Glasgow-based Dxcover Limited, a clinical-stage diagnostics company pioneering its multiomic spectral analysis (MOSA-Dx) for early detection of solid tumor cancers, announced the closing of a significant…

SSE plc, the Perth-based electricity infrastructure giant, said generation output from SSE Renewables over the first nine months of its financial year was 26% higher…

Scottish Water has warned that, without major changes, the funding needed to deliver sustainable services over the next 25 years “would require around £50 billion…

Shell announced it has restarted production at the Penguins field around 150 miles north-east of the Shetland Islands in the UK North Sea. Shell said…

Standard Life, part of Phoenix Group, has appointed Barry Butler to its Independent Governance Committee (IGC), overseeing the interests of 2.7 million workplace pension scheme…

By Mark McSherry The Scottish Government believes that a Scottish bond could represent better value for money than its current borrowing arrangements for both fiscal…

Colin Matthews, founder and CEO of the Loch Lomond Group whisky giant and director of the Scotch Whisky Association, has blasted the UK government for…

Aberdeen-headquartered transport giant FirstGroup plc said it acquired Matthews Coach Hire Limited, an independent, family-owned coach and bus operator in Ireland. “With a fleet of…

Edinburgh-based investment group Baillie Gifford has welcomed the overwhelming shareholder votes at two of its investment trusts to defeat New York activist hedge fund Saba…

Baillie Gifford’s Keystone Positive Change Investment Trust announced that requisitioned resolutions put forward by New York activist hedge fund Saba Capital Managemen were defeated on a…

Baillie Gifford US Growth Trust plc announced that its shareholders have decisively voted against all the requisitioned resolutions from New York activist hedge fund Saba…

New research from business and financial adviser Grant Thornton UK LLP has found that, while many businesses expect they will need to secure additional funding to…

Aberdeen-based engineering and consulting giant John Wood Group said 2024 was a “transformative year” for its carbon advisory team, which secured a “record-breaking number of…

Edinburgh-based investment giant Abrdn has announced the final closing of its third core/core+ infrastructure fund, ASCI III. Focused on direct investments in European small to…