Scottish Financial Review

Sandy Crombie, the former Standard Life CEO and Royal Bank of Scotland senior independent director, has joined Scottish fintech lender LendingCrowd as chairman. Launched in late…

The UK’s Financial Conduct Authority (FCA) said it fined Edinburgh-based Tesco Personal Finance plc (Tesco Bank) £16.4 million for “failing to exercise due skill, care…

Latest figures show Scottish-registered fishing vessels landed 466 thousand tonnes of sea fish and shellfish with a value of £560 million in 2017. “This is a three…

Scottish Development International (SDI) said 2017 was a “strong” year for inward investment projects and job creation in Scotland, with 126 foreign direct investment (FDI)…

BP said on Thursday that approval has been received from the UK Oil and Gas Authority (OGA) to proceed with the £200 million Vorlich development…

Securing a smooth Brexit transition is “vital” to protect Scotland’s growing economy – even if that means extending the Article 50 negotiation period – according…

Perth-based energy giant SSE said on Tuesday it is exercising its pre-emption right in the sale of Fluor Ltd.’s 50% share in Seagreen Wind Energy…

Cumbernauld-based Irn-Bru maker A.G. Barr said its revenue grew 5.5% to £136.9 million and profit before tax and exceptional items increased 4.0% to £18.2 million…

Edinburgh-based Wireless Infrastructure Group’s (WIG) said it completed a debt fund raising of £220 million to “accelerate its investments into neutral-host, 5G-ready wireless infrastructure.” The new…

French oil and energy group Total said on Monday it made a major gas discovery on the Glendronach prospect, located off the west coast of…

North Yorkshire-based power company Drax Group is in talks to buy a number of ScottishPower assets as it continues to diversify away from coal-burning generation. Drax said…

Aberdeen-based Verus Petroleum said it agreed to acquire Cieco Exploration & Production (UK) Limited, a subsidiary of Japanese commodity trading house Itochu Corporation, in a deal…

Edinburgh-based Miller Homes said its revenue for the half year to June 30, 2018, rose 7% to £356.1 million and operating profit increased 11% to £70.5 million. Miller…

Scottish GDP grew by 0.8% in the first half of this year compared to 0.6% in the UK, according to new statistics from Scotland’s chief statistician….

Celtic plc said it made record sales revenue of £101.6 million (2017: £90.6 million) and a profit before tax of £17.3 million (2017: £6.9 million) for…

Aberdeen-based Faroe Petroleum had a “constructive” meeting with Norwegian oil and gas company DNO last week, Faroe’s chief executive said on Tuesday, amid expectations that…

UPDATE 1 — Shares of Elgin-based housebuilder Springfield Properties rose about 10% on Tuesday after it announced its maiden annual results — for the year…

Standard Life Aberdeen joint chief executive Martin Gilbert told CNBC in an interview he believes the merged firm is “a couple of years ahead of everyone…

Edinburgh-based asset management giant Aberdeen Standard Investments and London-based Rock Rail and have finalised an agreement to fund, purchase and then lease new fleets of trains…

About £615 billion of assets are currently managed in Scotland by fund management firms that are members of the UK’s Investment Association (IA), according to the latest…

The sales value of oil and gas produced in Scotland in 2017-18 is estimated to be £20 billion, an increase of 18.2% compared to 2016-17, despite…

Shares of Perth-based energy giant SSE fell about 8% on Wednesday after it said in a trading update it expects its adjusted operating profit for the…

Glasgow-based intellectual property law firm Murgitroyd Group said on Tuesday its revenue slipped to £43.9 million in the year ended May 31, 2018, from £44.3 miilion the previous year. Underlying…

Edinburgh-based funds platform Nucleus Financial Group Limited on Tuesday announced its inaugural set of interim results as a quoted company, with period end assets under administration rising…

Ineos on Tuesday announced plans to invest £60 million to expand its Grangemouth refinery. It awarded a contract to build an additional furnace on its…

Oil & Gas UK, the representative body for the UK’s offshore industry, warned on Tuesday that the sector is at a crossroads as it publishes…

Shareholders of Clydesdale and Yorkshire Bank owner CYBG and shareholders of Virgin Money on Monday overwhelmingly approved the all-share deal for CYBG to take over its Newcastle-based…

VisitScotland and Expedia Group, the world’s largest online travel company, are joining forces to help drive travel demand through supporting the country’s hoteliers. “Through the…

Royal Bank of Scotland announced announced it will use 100% renewable energy for all of its electricity by 2025. RBS demonstrated its commitment by joining…

Glasgow-based media firm STV said it appointed David Mortimer — the man behind hit shows including Dragons’ Den, Louis Theroux’s Weird Weekends and 71 Degrees North…

Stirling-based construction and infrastructure firm Robertson Group said it delivered a 33% increase in turnover to £752 million and an 18% hike in profit before tax…

Glasgow-based drinks giant Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — said on Thursday it has formed a strategic partnership…

Shares of Glasgow-based engineering giant Weir Group fell about 7% on Thursday after it warned in an update on North American oil and gas market conditions of “a…

Royal Bank of Scotland said on Wednesday it will close a further 54 branches and cut 258 jobs in a move that is related to its…

Shares of Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, rose more than 15% on Tuesday after it said its revenue increased 16% to $67.1…

Glasgow-based media firm STV Group plc said its revenue rose 6% to £57.7 million in the six months to June 30, 2018, as STV enjoyed its…

UPDATE 3 – TSB Bank Plc said on Tuesday that its CEO Paul Pester is leaving the company after months of pressure that followed a botched…

Glasgow-based media firm STV Group plc and Virgin Media on Monday signed a four-year strategic partnership will see Virgin TV customers in Scotland having access to…

The Federation of Small Businesses (FSB) said on Monday that the number of Scottish businesses winning work from Scottish local authorities — which spend £7 billion…

Scotland’s First Minister Nicola Sturgeon announced on Monday £16.7 million of additional funding to help significantly increase the number of green buses across the country and…

TSB — which is owned by Spain’s Banco Sabadell — said on Monday some of its customers are having problems using its internet banking facilities, its…

Edinburgh-based investment giant Standard Life Aberdeen late on Friday announced the completion of the sale of Standard Life Assurance Limited to Phoenix Group Holdings for a…

The Scottish Salmon Company plc (SSC) said its first-half revenue grew 36% to a record £98.3 million, with harvest volumes rising to 15,777 tonnes from…

The Competition and Markets Authority (CMA) said on Thursday it has provisionally cleared the merger of SSE Retail and Npower after an in-depth review. Perth-based energy giant SSE…

Glasgow-based Beeks Financial Cloud Group, the recently-floated automated trading provider for financial markets, said its revenues increased 41% to £5.58 million for the year ended June…

Johnston Press — the debt-laden owner of The Scotsman, the i newspaper, the Yorkshire Post and about 200 local newspapers and websites — said on Wednesday its revenue…

The value of commercial property sales across Scotland in the second quarter of 2018 fell to £684 million, down 29% on the first quarter of…

Perth-based transport giant Stagecoach on Tuesday announced a £56 million plan to deliver Europe’s largest single investment in electric buses for Greater Manchester. New Enviro400…

A new plan unveiled on Monday to develop food and drink tourism in Scotland will aim to deliver an additional £1 billion to Scotland’s economy by 2030….

Souter Investments said on Monday it completed the sale of Dalgety Bay-based First Scottish Group, a firm of professional database searchers, to “a significant international private…

Buccleuch — one of Scotland’s biggest private landowners — has announced that it is to merge operations at its Bowhill and Eskdale & Liddesdale Estates….

Glasgow-based packaging firm Macfarlane Group said its turnover rose 14% to £102 million and profit before tax soared 39% to £3.5 million in the six months…

Ellon, Aberdeenshire-based craft brewing firm BrewDog on Thursday released a half-year trading update and said its total revenue is at £78 million, up 55% on…

The Scottish Government said on Wednesday that Scotland’s public sector finances “are continuing to improve” — with total public sector revenue reaching £60 billion for…

Edinburgh-based fund management giant Aberdeen Standard Investments said it has launched a new fund that utilises machine learning to identify sources of potential returns. The…

Creative Scotland said on Tuesday that latest available figures show that spend on film and TV in Scotland in 2017 reached £95 million – the…

Shares of Aberdeen-based oil services and engineering giant Wood plc rose more than 8% on Tuesday after it said its revenue for the six months…

The Scottish Government said Scotland’s economic ties with Canada will be strengthened through the launch of a new Scottish Government office in Ottawa next month….

Royal Bank of Scotland (RBS) said on Friday that Katie Murray, currently RBS deputy chief financial officer, will be appointed interim chief financial officer on October…

The 1.5 million passenger barrier has been broken for the first time ever at a Scottish airport as Edinburgh Airport recorded its busiest ever month…

Scotland’s GDP for 2017-18 has been estimated at £170.4 billion in total — or £31,367 per person — including a geographical share of UK extra-regio…

The chief executive of Edinburgh-based Aegon UK on Thursday apologised to financial advisers and customers affected by large-scale problems experienced in the migration of Cofunds clients to…

Royal London on Thursday reported a 1% increase in half year EEV operating profit to £187 million and a 9% increase in half year EEV…

The US Justice Department announced late on Tuesday it finally reached a $4.9 billion settlement with The Royal Bank of Scotland Group plc (RBS) “resolving…

Trade body Oil & Gas UK said Neptune Energy Group’s decision to acquire interests in two of Apache North Sea’s development and exploration assets in the UK…

The UK’s Competition and Markets Authority (CMA) said on Tuesday it has referred Menzies Aviation’s purchase of de-icing and ground handling specialist Airline Services for an…

The Scottish Council for Development and Industry (SCDI) announced on Monday its chief executive Mark Bevan has resigned from the organisation after a year at…

Private sector companies in Scotland increased output to the greatest extent in four years during July, according to the July Royal Bank of Scotland PMI…

Mike Ashley’s Sports Direct International announced on Friday it acquired House of Fraser from administrators for £90 million in cash. Sports Direct International said in a stock exchange…