Scottish Financial Review

Shares of Edinburgh-based funds platform Nucleus Financial Group rose 3.5% on Friday after it published an update on its assets under administration (AUA) in respect of the three months…

Scotland’s First Minister Nicola Sturgeon said on Friday she did not rule out testing the legality of calling a consultative referendum on independence if UK…

Shares of Glasgow-based Smart Metering Systems (SMS) rose 6% on Friday after it issued a trading update showing its full-year 2019 financial performance in line…

Perth-based energy giant SSE plc said in a trading statement on Friday its renewable energy output for the first nine months of its fiscal year…

TSB bank said in its annual report that it will resume paying bonuses after it reported an annual profit in the year following its catastrophic…

Glasgow-based Virgin Money UK, owner of Clydesdale and Yorkshire banks, said on Thursday that Ian Smith is resigning as group chief financial officer (CFO) “to…

Scotland’s total international and rest of the UK exports — excluding oil and gas — increased 2.9% to £85 billion in 2018. Exports to the…

A new report from Audit Scotland has said more clarity is required on private finance public infrastructure projects in Scotland. Audit Scotland said that currently,…

Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — on Tuesday announced an agreement with Suntory Holdings…

Shares of Cumbernauld-based Irn-Bru maker A.G. Barr soared 15% on Tuesday after it isssued a trading update that said adjusted profit before tax is expected…

Shares of Glasgow-based Virgin Money UK, owner of Clydesdale and Yorkshire banks, rose almost 5% on Tuesday after it issued a first quarter trading update…

Dividends from UK listed companies rose 10.7% to a new record of £110.5 billion in 2019, according to the latest Dividend Monitor from Link Group. …

The number of first-time home buyers in Scotland rose to 33,558 in 2019, an increase of more than 90% from 17,580 a decade ago, according…

The Scottish Government said on Monday that proposals for a new Scottish Visa “to address depopulation and cut skills gaps” have been unveiled by First…

Investment giant State Street said on Monday that Edinburgh-based local government pension scheme provider Lothian Pension Fund has adopted the Charles River Investment Management Solution…

Edinburgh-based water retailer Business Stream, a subsidiary of state-owned Scottish Water, said on Monday it has been awarded the Scottish Government Public Sector Procurement Framework…

Royal Bank of Scotland on Friday announced a new £1 billion in funding through its NatWest business to support female entrepreneurs in the UK. RBS…

Shares of Virgin Money UK, the owner of Clydesdale and Yorkshire banks, rose about 7% on Friday after it announced more details on its board…

Three-quarters of investment trusts outperform their sister open-end fund over both one year and 10 years — but the trusts are more volatile than their…

Edinburgh-based fund management giant Baillie Gifford is planning to launch a fund using artificial intelligence (AI). Baillie Gifford joint senior partner Charles Plowden told an…

Shares of Edinburgh-based Craneware, a software firm that specializes in US healthcare, fell about 12% on Thursday after it issued a trading update saying it expects its…

Edinburgh-based Tesco Bank is to create 120 new technology and “change” roles across its Edinburgh and Newcastle offices. The roles the bank is recruiting for…

Legislation to establish a Scottish National Investment Bank has been passed unanimously by the Scottish Parliament. The bank is expected to be operational before the…

V&A Dundee on Tuesday reveled independent research showing the museum had a £75 million economic impact across Scotland in its first year. The study found…

The Scottish Government said on Tuesday that new statistics released by the Chief Statistician show households in Scotland had just over £1 trillion in personal…

Shares of Scottish companies listed on the FTSE outperformed the FTSE 350 and All Share indices in 2019 — but Alternative Investment Market (AIM) firms…

Shares of Glasgow-based sausage skin and collagen products firm Devro fell about 2% on Friday after it issued a mixed trading update for the year ended December…

A total of 14,747,830 people travelled through Edinburgh Airport last year, making 2019 the busiest in the airport’s history and the busiest ever year for…

Shares of Alva-based Omega Diagnostics Group rose about 9% on Friday after it announced it received approval from the Nigerian Ministry of Health for its Visitect…

HSBC Holdings plc announced on Friday that former Standard Life chief executive David Nish will succeed Jonathan Symonds to the positions of HSBC senior independent director…

A new report from Audit Scotland says “City Deals” have been positive for Scotland’s economy but the Scottish Government “does not have a plan to…

Shares of Aberdeen-based global engineering and oil services giant Wood plc rose about 8% on Thursday after it said in a trading update it expects…

Baillie Gifford’s flagship £8.9 billion fund, the Scottish Mortgage Investment Trust plc, said on Thursday it raised a further £188 million in debt. Scottish Mortgage…

Shares of Edinburgh-based international oil and gas company Cairn Energy edged higher on Wednesday after it said it took a final investment decision (FID) on…

Shares of Perth-based energy giant SSE plc rose 2% on Wednesday after it finally completed the sale of SSE Energy Services, its household energy business in…

Shares of embattled Glasgow-based fashion firm Quiz fell another 17% on Wednesday after it published a Christmas trading update for the seven-week period from November…

TSB said on Wednesday it has selected IBM Services as its strategic partner “to accelerate the bank’s ambition to become a truly digital business with…

Standard Life Private Equity Trust plc said on Tuesday that Peter McKellar, global head of private markets at Aberdeen Standard Investments, bought 135,000 shares in…

Flybe shareholders have struck a rescue deal with the British government to keep the regional airline operating, UK business minister Andrea Leadsom said on Tuesday. …

Shares of Edinburgh-based rented housing developer Sigma Capital Group rose about 4% on Tuesday after it published positive a trading update for the financial year ended December…

Scotch whisky industry leaders have travelled to the United States for trade talks amid fears that the Trump administration could further increase tariffs on single…

Edinburgh-based fund management giant Aberdeen Standard Investments (ASI) announced on Tuesday the promotion of Dominic Byrne to head of global equities. Byrne, 41, currently deputy…

Housing, regeneration and commercial developments are now being supported by investments of £100 million through the Building Scotland Fund (BSF) — which was established as…

Aberdeen-based engineering giant Wood plc said it secured a $130 million three-year contract extension with Melbourne Water to provide “maintenance and capital works for clean…

Regional airline Flybe is fighting for survival, with the UK government being asked to help prevent a second airline failure in less than six months,…

Shares of Edinburgh-based video security company IndigoVision rose about 5% on Monday after it said in a trading update its sales for the financial year…

Aberdeen Standard Investments (ASI) has appointed Aileen Mathieson as its new global head of insurance following the retirement of Stephen Acheson after 37 years of…

Edinburgh-based Frontier IP, a specialist in commercialising university intellectual property, said on Friday its portfolio company, AI-driven drug discovery firm Exscientia, has entered a collaboration…

Scotland’s national bard Robert Burns is worth just over £200 million a year to the Scottish economy and the poet’s brand is worth nearly £140…

FinTech Scotland said on Thursday the number of innovative fintech SMEs (small and medium size enterprises) based in Scotland has grown by more than 60%…

The Scottish Government said local authorities are to be given new powers to regulate Airbnb-style short-term lets “where they decide this is in the interests…

Scottish Development International (SDI) said on Wednesday that Scotland is set for another good year of foreign direct investment (FDI) as it revealed more than…

Glasgow-based global engineering giant Weir Group said on Tuesday that after 32 years’ of service Jon Owens has chosen to retire as president of Weir’s Portland,…

Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial markets trading, announced it has received a Scottish Enterprise R&D grant to invest in a…

UPDATE 3 — Shares of North Sea producer Premier Oil rose 15% on Tuesday after it announced plans to buy stakes in the Andrew and…

Aberdeen Standard Investments (ASI) has hired Adam Grimsley, former head of investment solutions at crypto-asset firm Prime Factor Capital, as an investment director. Before he…

Oil prices rose more than $3 on Friday after a US air strike at a Baghdad airport ordered by President Donald Trump killed the head…

Regional REIT said it acquired a roughly 44,000 sq. ft. office block at Edinburgh Park for £10.3 million. The 3-storey block is currently 100% let…

Scottish chartered accountants and business advisors Anderson Anderson & Brown LLP (AAB) said it completed a record 70 transactions in 2019 with a combined total deal…

Responsible investment campaign group ShareAction has claimed that many big UK pension schemes are skirting their responsibilities on climate change despite new regulations. ShareAction said…

Edinburgh-based private bank Hampden & Co plc said on Monday it has received the £30 million of Smith & Williamson loan book following the financial…

Archangels, the Edinburgh-based business angel investment syndicate, said on Friday it recorded another active year of investments in Scottish start-up and early stage companies in the…

Scottish Widows has warned against the UK government’s proposals to force pension providers to include costs and charges in members’ annual statements. Last month the UK’s…

The joint venture of Galliford Try and Balfour Beatty is in advanced discussions to settle claims related to the construction of the Aberdeen Western Peripheral…

Investment trust Greencoat UK Wind said on Friday it agreed to acquire the Windy Rig and Twentyshilling wind farms in Dumfries & Galloway from Statkraft…

Leicester-based wealth management firm Mattioli Woods plc said on Friday it acquired Glasgow-based financial planning firm Turris Partnership from its shareholders for £1.6 million.   Turris has…

Shares of Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial market trading, rose about 20% on Friday after it said it secured two…

Investment trust 3i Infrastructure plc said it agreed to sell its 93% stake in Edinburgh-based Wireless Infrastructure Group (WIG) to Brookfield Infrastructure.  “The sale values…

Edinburgh-based fund management giant Aberdeen Standard Investments (ASI) said on Friday it has been appointed by administrator Link Fund Solutions (LFS) to replace Neil Woodford…

Scotland’s First Minister Nicola Sturgeon on Thursday called on the UK Government “to negotiate and agree the transfer of power that would put beyond doubt the…