Scottish Financial Review

The chief executive of the Scotch Whisky Association (SWA) has responded to news that the United States is considering new tariffs on exports from the…

Glasgow-based cloud computing firm Iomart Group plc said on Wednesday its revenue rose 9% to £112.6 million in the year to March 31, 2020, and…

Royal Bank of Scotland said on Tuesday it will allow business customers another six months to take advantage of incentives to switch their accounts to…

Glasgow-based Smart Metering Systems (SMS) on Tuesday confirmed its revised dividend policy, saying it will pay 25p per share for the year to December 31,…

Cumbernauld-based Irn-Bru maker A.G. Barr said late on Tuesday it received “notice of termination of its sale and distribution contract with Rockstar Inc.” PepsiCo Inc…

Tom Hunter, Scotland’s first ever billionaire, on Tuesday weighed in with a strong reaction to the report published by the Advisory Group on Economic Recovery led by…

Scotland’s schools will return full-time in August “if Scotland continues to make progress on suppressing coronavirus” said Deputy First Minister John Swinney on Tuesday. Swinney…

Industry body Scottish Financial Enterprise (SFE) said on Tuesday its chief executive Graeme Jones will retire at the end of this year after five years…

The Scottish Government should build its “professional capability” to manage the ownership stakes in private companies which are likely to arise out of the coronavirus…

A new report from EY reveals that Scotland increased its share of financial services foreign direct investment (FDI) in 2019 and secured Europe’s largest international…

UK finance minister Rishi Sunak on Monday appointed Nikhil Rathi, chief executive of London Stock Exchange plc, as the new chief executive of the UK’s…

Edinburgh-based life science venture firm Epidarex Capital said on Monday that it has closed its Epidarex Capital III UK LP fund at £102.1 million. “The…

Edinburgh BioQuarter said on Monday it has issued a prior information notice (PIN) in the Official Journal of the European Union (OJEU) to launch a…

Edinburgh-based global airport services giant John Menzies plc said on Monday its ground handling and fuelling activity in April and May 2020 was 75% lower than…

Alva-based Omega Diagnostics Group announced on Friday an £11 million fundraising “to further Covid-19 testing opportunities and scale up manufacturing.” In a stock exchange statement, Omega…

Swedish state-owned energy firm Vattenfall said on Friday it awarded Glasgow and Dingwall-based civil engineers RJ McLeod a £67 million contract to construct the South Kyle…

The debt of the UK government at the end of May 2020 was 100.9 % of gross domestic product (GDP), the first time that debt…

Aberdeen-based Wood plc, the global engineering and consulting company, said on Friday its order book at the end of May was $7 billion, down about 11%…

Perth-based Stagecoach Group plc said on Thursday it has agreed a covenant waiver with its lending banks. This followed news that Stagecoach lost a court…

Shares of Wetherby-based biotherapeutics company Avacta Group plc rose 12% on Thursday after the company published an update on its collaboration with the University of Glasgow…

The UK’s central bank, the Bank of England, on Thursday increased its bond-buying programme by another £100 billion to help the UK economy recover from…

Shares of Glasgow-based media firm STV Group plc fell 6% on Wednesday after it said it raised £16.2 million by selling new shares in the firm…

Shares of Perth-based renewable energy and electricity networks giant SSE plc rose 9% on Wednesday after it committed to building the largest onshore wind farm…

Scotland’s GDP is provisionally estimated to have fallen by 18.9% in real terms during April — after a 5% fall in March, the Scottish Government…

Edinburgh-based investment giant Standard Life Aberdeen said on Tuesday that Standard Life Investments (SLI) intends to sell up to £260 million of shares in HDFC…

The Scottish Government on Tuesday announced a £230 million Return to Work package “to help stimulate Scotland’s economy following the coronavirus (COVID-19) pandemic.” It said…

Falkirk-based global bus manufacturer Alexander Dennis Limited (ADL) said on Tuesday that its CEO Colin Robertson will be appointed to Canadian parent firm NFI’s board as…

Aberdeen-based Wood plc, the global engineering and consulting company, said on Tuesday it secured two solar engineering, procurement and construction (EPC) contracts from an American power…

Elgin-based Springfield Properties said on Monday that veteran Scottish investment banker Angus Grossart has spent £1 million to roughly double his shareholding in the firm….

BP plc said on Monday it plans to write off up to $17.5 billion from the value of its assets after cutting its long-term forecasts…

The UK’s Office for National Statistics said on Friday that UK gross domestic product (GDP) shrank by 20.4% in April in what was the first full…

Secondary offering sales of company shares have reached £14.7 billion in 135 transactions in the UK for the year to date, according to new analysis from Deloitte….

The Royal Bank of Scotland Group plc (RBS) and its subsidiaries Natwest Markets Plc and Natwest Markets N.V. on Thursday announced a raft of executive…

Crown Estate Scotland, the manager of Scotland’s seabed, has announced the launch of the first round of offshore wind leasing in Scottish waters for a decade.  The move represents a multi-billion pound investment opportunity. The…

Edinburgh-based fund management giant Baillie Gifford has confirmed that it will not after all expand by moving staff into a new landmark building in Edinburgh….

Ashley Nicholson of Forth Ports has been appointed president of the UK Harbour Masters Association (UKHMA). Nicholson is the first female to hold the title…

A provisional date of July 15 has been set for when tourism businesses in Scotland may be able to resume operations “dependent on public health…

Embattled Glasgow-based fashion firm Quiz said on Wednesday it planned to put its stores subsidiary into administration and then buy the business back so it can…

Baillie Gifford fund manager James Anderson has donated an initial £3.1 million to the SPFL Trust charity to help Scottish football and its communities recover…

The euro has remained unchallenged as the second most used currency globally after the US dollar since its introduction 20 years ago, but its usage…

Finance secretary Kate Forbes said on Tuesday that the Scottish Government needs more borrowing powers to help it manage the coronavirus crisis and beyond. Forbes…

Shares of West of Shetland oil and gas explorer Hurricane Energy plc fell another 11% on Monday after it said CEO Robert Trice has resigned…

The £800 million Edinburgh Worldwide Investment Trust plc said on Monday its net asset value per share increased 16.4% and its share price rose 21.7%…

The volume of new work received by private sector firms in Scotland continued to plummet in May “with anecdotal evidence linking the fall to temporary…

New analysis published on Friday by Scottish Government chief economist Gary Gillespie suggests that Scotland’s economic output may not recover to pre-crisis levels until the…

The UK’s Financial Conduct Authority (FCA) on Friday outlined a package of measures designed to “address weaknesses across the defined benefit (DB) transfer market.” The…

Aberdeen-based Wood plc, the global engineering and consulting company, announced on Friday a pledge “to set a science-based target” to reduce its” scope 1 and…

Edinburgh-based investment giant Standard Life Aberdeen said on Thursday its subsidiary sold 40 million shares in HDFC Life Insurance Company on the National Stock Exchange…

The Scottish Government said on Thursday that the Scottish Funding Council is to “consider its model in light of Covid-19” and warned that Scots universities…

The European Central Bank on Thursday announced a bigger-than-expected expansion of its stimulus package to support an economy plunged into recession by the coronavirus pandemic….

The Scottish Professional Football League (SPFL) and Sky Sports said on Wednesday they have agreed terms “that provide a framework for the top-flight of Scottish football…

Perth-based energy giant SSE plc said on Wednesday its SSE Renewables business agreed to sell a 51% stake in its massive Seagreen 1 offshore Scottish…

The Scottish government said on Wednesday that billions of pounds would be wiped from a Scottish economy already hit hard by the Coronavirus crisis if…

Edinburgh-based investment giant Standard Life Aberdeen Plc — one of Scotland’s largest employers — has told most of its UK staff to work from home…

The latest Mercer’s Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies…

The Scottish Government said on Tuesday that businesses across the country have now been awarded more than £100 million through the Scottish Government Business Support…

Galliford Try said on Tuesday its Scottish business Morrison Construction has been appointed by the University of Strathclyde to design and build the National Manufacturing…

Edinburgh-based water retailer Business Stream, a subsidiary of state-owned Scottish Water, said on Monday it has been awarded the UK Ministry of Justice water and wastewater…

The SPFL said on Monday it held a “positive initial discussion” with Baillie Gifford fund manager James Anderson about his “extremely generous” offer in a…

The £75 billion Universities Superannuation Scheme (USS) – the UK’s largest private pension scheme by assets – on Monday announced plans to exclude and divest…

The Oil & Gas Technology Centre (OGTC) announced on Monday the appointment of former Standard Life Aberdeen co-chief executive Martin Gilbert as chair of the Aberdeen-based…

The City of Edinburgh Council said on Friday that construction site preparation works for Edinburgh’s £207 million Trams to Newhaven project will restart on Monday,…

The Scottish economy is unlikely to bounce back from the coronavirus lockdown in “leaps and bounds” in the next couple of weeks as the country…

Scottish Friendly, Scotland’s largest financial mutual, on Thursday announced record sales of Investment ISAs — also known as stocks and shares ISAs — as it…

The UK’s Competition and Markets Authority (CMA) said on Thursday it has taken action against five of the UK’s biggest banks and building societies “for…

Shares of Perth-based transport giant Stagecoach Group rose 9% on Thursday after it issued a trading update saying its available liquidity has increased significantly “due…

Shares of Aberdeen-based bus and rail giant FirstGroup plc rose 5% on Thursday after it welcomed further funding from the UK’s Department for Transport (DfT)…

Scotland reinforced its position as the most attractive location for inward investment to the UK outside of London in 2019 with a 7.4% increase of…

Royal London announced on Wednesday the sale of its Ascentric platform business to M&G plc. The sale follows the completion of Ascentric’s re-platforming in 2019…

Alva-based Omega Diagnostics Group said it is “not aware of any material reason” for latest 18% the increase in its share price on Wednesday. Shares…