Scottish Financial Review

Abrdn UK Smaller Companies Growth Trust plc said that after 37 years with Standard Life and Abrdn, Harry Nimmo will retire from Abrdn at the…

Liz Truss will become the next prime minister of the UK after winning a leadership race for the UK’s Conservative party on Monday. Truss vowed…

Franklin Templeton’s Edinburgh-based active equity asset management specialist Martin Currie announced that Ben Russon and Richard Bullas will co-head Martin Currie’s UK Equity team effective October 1, 2022. Both will…

Thurso-based battery cell developer AMTE Power plc announced that its chief financial officer (CFO) James Hobson intends to leave the firm to take up the role…

Chivas Brothers, the Scotch whisky business of Pernod Ricard, announced a “robust” performance for the year to June 30 that it said reflected “the significant…

Institute of Directors (IoD) Scotland has announced Catherine McWilliam as its new Director of Nations – Scotland. McWilliam succeeds previous national director, Louise Macdonald OBE, who…

Scottish Financial Enterprise (SFE) has announced a new chair along with other appointments to a new-look board. SFE said current deputy chair John McGuigan will…

Index compiler FTSE Russell confirmed on Wednesday that Edinburgh-based investment giant Abrdn will drop out of the FTSE 100 index as a result of its…

Former whisky executive Iain Baxter has been announced as the new chief executive of industry leadership body Scotland Food & Drink. With a membership of…

The Scottish Land Commission has made key hires to add to its team of 19 staff working on policy and practice in shaping how Scotland’s…

This year’s Edinburgh Festival Fringe saw an estimated 2.2 million tickets sold for 3,334 shows which were performed by artists from 63 countries. That’s down…

The UK’s two banking regulators said on Friday they would take no enforcement action against certain former senior managers at HBOS, which collapsed in 2008….

New figures from Scottish Development International (SDI) show that support it provided to companies across Scotland in the past financial year will result in £1.44 billion…

British energy bills will soar 80% to an average of £3,549 a year from October, UK regulator Ofgem said on Friday. Ofgem called the situation…

Glasgow-based cloud computing firm Iomart Group announced the appointment of Lucy Dimes as non-executive chair of the company, with effect from its AGM on August…

Shares of Macfarlane Group, the Glasgow-based packaging, design and distribution firm, fell about 4% on Thursday after it published half-year results warning that it expects…

Edinburgh-based investment giant Abrdn may be demoted from the FTSE 100 index at the next quarterly review, according to indicative results announced by index compiler…

Scotland’s public sector revenue has been estimated at £73.8 billion for 2021-22 — up a record £11.1 billion from the previous year. Scottish public spending…

SSE Renewables and its partner TotalEnergies announced first power generation from the Seagreen offshore wind farm 27km off the coast of Angus in Scotland. The…

Scottish law firm Burness Paull said it reported “strong” results for the year ended July 31, the second of the firm’s three-year strategy that is…

Aberdeen-based global engineering and consulting giant John Wood Group said on Tuesday its order book rose 5% to $6.42 billion but revenue was flat at…

Consumer price inflation in the UK is set to peak at 18.6% — which is nine times the target of the UK’s central bank —…

Edinburgh and London-based private bank Hampden & Co said its deposits rose 21% to £731 million as it reported record results for the first half of the…

The chief executive of SSE plc, the Perth-based renewable energy and power networks giant, has said the UK government “can smooth energy costs for households beyond what industry…

The debt of the UK government was £2.388 trillion at the end of July 2022 — an increase of £188.4 billion compared with July 2021…

The Scottish Government announced that more rural homes and businesses will gain access to faster broadband following a further £36 million expansion of the Reaching…

Scottish Enterprise announced it invested £50.71 million into 102 early-stage high growth investment opportunities in 2021-22. The enterprise agency said its investments helped leverage a…

The Institute for Fiscal Studies (IFS) has warned that high inflation will cause interest payments on the UK government’s debt in 2023-24 to rise £54…

Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc said on Wednesday it has made “solid progress against its strategy” in the first few months of the…

Shares of Aberdeen-based bus and rail giant FirstGroup plc fell about 11% to around £1.15 on Tuesday after infrastructure private equity group I Squared Capital Advisors…

Edinburgh-based investment giant Abrdn announced it sold another 6% of HDFC Asset Management Company Limited (HDFC AMC) in India to raise £225 million. The Edinburgh firm…

The five Scottish Premiership clubs that commissioned Deloitte’s Sports Business Group to conduct an independent review into the SPFL have welcomed the review’s action plan…

International sales of Scottish salmon were valued at £280 million in the first half of 2022, with France accounting for more than half of the…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, announced it posted record cash generation of £950 million…

Latest analysis by KPMG UK shows that private equity investment in Scotland’s mid-market businesses has surpassed pre-pandemic levels after more than £2 billion was spent…

“Delusional” central banks have been blamed by Bruce Stout, manager of Abrdn’s £1.77 billion Murray International Trust, for stoking global inflation with a “toxic cocktail…

Edinburgh-based investment giant Abrdn confirmed it has concluded a deal to become the largest external shareholder in Archax, the UK’s first regulated digital securities exchange. Abrdn…

Shell has launched a sale process for its 30% stake in the Cambo oil prospect west of Shetland in the UK North Sea, potentially paving the…

Glasgow investment firm N4 Partners has announced the appointment of Gordon Merrylees, the former Managing Director of Entrepreneurship for NatWest, Royal Bank of Scotland (RBS) and Ulster…

Finance Isle of Man announced it has signed a partnership agreement with FinTech Scotland “to promote and develop Insurtech and Fintech capabilities across the two…

The £600 million Baillie Gifford US Growth Trust plc announced its share price and net asset value (NAV) returned -45.5% and -35.3% respectively in the year…

Baillie Gifford’s £2.5 billion Monks Investment Trust plc announced it has agreed a proposed combination of the company with the assets of the much smaller Independent Investment…

ScottishPower and Hutchison Ports are exploring the opportunity to develop, build and operate a multi-hundred MW green hydrogen production facility at the Port of Felixstowe…

Shares of Edinburgh-based investment giant Abrdn fell about 7% on Tuesday after it published first-half results showing its assets under management and administration (AUMA) fell £34…

Business activity across the Scottish private sector increased at only a fractional pace during July, according to the latest Royal Bank of Scotland Purchasing Managers…

The UK needs to keep developing new oil and gas fields in the North Sea even as it develops major offshore wind and carbon capture and…

Standard Life, part of Phoenix Group, said it has concluded a £1 billion Bulk Purchase Annuity (BPA) transaction covering 13,000 members of the WH Smith…

Edinburgh-based asset management giant Baillie Gifford announced it has placed 12 of its “UK authorised” funds on a watchlist for performance and will “monitor progress…

Royal London said it made a loss before tax of £228 million in the first half of 2022 compared to a £228 million profit for the…

Norway’s Equinor has submitted plans to UK regulators for the development of Rosebank, a major oilfield west of Shetland which would start production in late…

Shares of Thurso-based battery cell developer AMTE Power rose almost 20% on Friday after it announced it signed a memorandum of understanding (MoU) with automotive engineering…

The £571 million cash takeover of Edinburgh-based airport logistics giant John Menzies plc by Kuwait-based National Aviation Services (NAS), a subsidiary of Agility Public Warehousing Company, has been…

The UK’s central bank on Thursday announced its biggest interest rate hike in 27 years and warned the UK is heading for more than a year…

Phoenix Group Holdings announced the acquisition of Sun Life UK, a closed book UK life insurance company, from Sun Life Financial Inc. for £248 million…

Glasgow-based cloud computing firm Iomart Group said it agreed to acquire Concepta Capital Limited, a holding company of a group of firms that includes the ORIIUM…

Salmon Scotland, the body which represents the Scottish salmon industry, has urged the UK Government to take urgent action to support vital exports affected by cross-Channel…

Baillie Gifford’s £15 billion flagship fund Scottish Mortgage has revealed it carried out 351 revaluations on the private companies it holds in the first half…

Glasgow-based sausage skin and food collagen products firm Devro said its revenue rose 8.3% to £129.8 million in the six months ended June 30, 2022, but profit before…

A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers,  said in a trading update it expects revenue for the 26 weeks…

Edinburgh has become the first area in Scotland to impose a clampdown on Airbnb-style short-term property rentals, requiring all new owners of such properties to…

Abrdn Core Infrastructure and Rock Rail said they have delivered their first European investment together following financial close of the financing of new electric trains…

Shares of wealth manager Quilter rose 15% on Monday after weekend reports in London newspapers that NatWest-RBS is considering making a bid to buy the listed…

James Watt, CEO and co-founder of Aberdeenshire-based craft brewing firm BrewDog, has revealed a list of start up businesses he has invested in, often as…

Fast-growth businesses in Scotland attracted £506 million of venture capital (VC) investment in the first half of 2022, despite investors becoming more cautious globally, according…

Celtic plc announced that its chairman Ian Bankier will retire from his role on January 1, 2023. The company said it will make further announcements…

Shares of NatWest Group, formerly the Royal Bank of Scotland Group, rose as much as 9% on Friday after it announced it would pay an…

Edinburgh-based investment giant Abrdn has announced a change in leadership of its “Personal Vector” business as Caroline Connellan steps down from her role at the end…

TSB Bank plc has reported a statutory profit before tax of £102.9 million for the first half of 2022, up about 140% from £42.9 million…

Shepherd and Wedderburn has reported 5% turnover growth to £62.2 million in the year to April 30, 2022, with net profits before partner distributions up…

Shares of Thurso-based battery cell developer AMTE Power soared more than 30% on Thursday amid the company’s announcement that it has chosen Dundee as the…