Scottish Financial Review

Edinburgh-based video security company IndigoVision said on Monday it acquired Lisbon-based Agorasys SA (Agora) for up to €3 million. €2.3 million is payable in cash…

The number of people opting to travel between Glasgow and London by train instead of flying has reached record levels, according to Virgin Trains. In…

Moody’s Investors Service has placed the UK’s sovereign credit rating on negative outlook, saying the UK’s ability to set policy has weakened in the Brexit era…

By Mark McSherry Baillie Gifford’s flagship £8.4 billion fund, the Scottish Mortgage Investment Trust plc, on Friday defended its fondness for investing in unquoted companies…

UPDATE 3 — Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of Edinburgh-based Standard Life Assurance, said on Friday its CEO Clive…

The Scottish National Party (SNP) has confirmed it would seek “a progressive alliance” with the Labour Party if the UK general election next month results…

The UK’s central bank on Thursday kept interest rates on hold — but two members of the Bank of England’s monetary policy committee (MPC) unexpectedly…

World Rugby has fined the Scottish Rugby Union (SRU) £70,000 and ordered the SRU to apologise for comments it made during the Rugby World Cup…

Shares of Aberdeen-based engineering and oil services giant Wood plc rose about 9% on Thursday after it gave investors a positive trading update at its…

The Businesses in Scotland 2019 report shows that as of March 2019 there were an estimated 356,550 private sector businesses, including micro businesses, operating in…

Royal Bank of Scotland Group is preparing to sell its first social senior bond from its holding company, according to reports, aiming to use the…

Glasgow-based mutual Scottish Friendly announced on Wednesday a substantial acquisition of life and pensions policies from financial services provider Canada Life. The deal sees Scottish…

The UK Government has held exploratory discussions with the investment industry over changing listing rules to encourage high growth companies and start-ups to list in…

The Scottish Government said on Tuesday that a consultation has been launched on a potential replacement to a £780 million European funding programme — if…

The transformation of Michelin’s Dundee site — with the creation of new economic and employment opportunities — took a step forward on Tuesday with a…

Listed investment trust companies raised £1.28 billion in October 2019, the highest level of secondary fundraising ever seen in a single calendar month, according to…

Premiership Rugby (PRL) said on Tuesday that English champions Saracens have been given a 35-point deduction and fined £5.36 million after they were found guilty…

Glasgow-based housebuilding firm Mactaggart & Mickel said on Tuesday its turnover rose £2.4 million to £84.7 million in the year to April 30, 2019. Profit…

The Aberdeen City Region’s economy is showing signs of modest recovery and is forecast to grow in the years ahead, according to a major new…

Shares of Glasgow-based global engineering giant Weir Group rose 3.5% on Tuesday after it announced a £30 million cost reduction programme amid a 32% fall in…

Scottish financial planning firm Anderson Anderson & Brown Wealth Ltd (AAB Wealth) announced on Monday the appointment of Benny Higgins as its non-executive chairman. Higgins…

The Federation of Small Businesses (FSB) has revealed statistics that show that 1.2 million Scots – about half of the private sector workforce – are…

On her first day as CEO of Royal Bank of Scotland Group on Friday, Alison Rose shared her vision for the company with staff —…

RBS said it has joined forces with Mastercard, Motive Partners and EFM Asset Management to invest in a business called Pollinate that will look to…

Troubled East Kilbride-based Goals Soccer Centres plc has been bought in a prepack administration by a new entity backed by the family of company’s original…

Edinburgh-based investment giant Standard Life Aberdeen (SLA) said it has sold more shares in Indian insurer HDFC Life for about £622 million net of taxes…

Royal Bank of Scotland said it has completed the pricing of $750 million of subordinated notes due in 2029. RBS said the proceeds would be…

The UK’s floating offshore wind sector can deliver £33.6 billion of economic activity (Gross Value Added) by 2050. That’s a main finding of a joint…

The US Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain US growth. However, the Fed also signaled…

Edinburgh-based investment giant Standard Life Aberdeen — one of Scotland’s biggest employers — has introduced a new parental leave policy that allows all parents, regardless…

Legislation for a UK general election on December 12 has cleared the House of Commons, with MPs voting in favour of the move by 438…

Global new bond issuance through September 2019 totaled $5.26 trillion, up 10.8% relative to the first three quarters of 2018, said S&P Global Ratings Research…

Crown Estate Scotland said it raised £32.4 million of capital against a target of £10.6 million and returned £11.4 million revenue to the Scottish Government…

Retirement and investment firm Embark Group has agreed in principle to acquire the advised and partnership client books of Dundee-based Alliance Trust Savings (ATS) from…

Edinburgh-based next generation battery technology developer Dukosi announced on Tuesday it has been 100% acquired by San Jose-based investment firm KCK. Dukosi is a developer…

Shares of oil and gas firm i3 Energy soared almost 50% on Tuesday after it announced it discovered around 200 million barrels of oil in…

Aberdeen-based Well-Safe Solutions said on Monday it secured a new £66 million investment to fund the next phase of its plans as a “tier one…

The European Union on Monday agreed a three-month “flexible” delay to the UK’s proposed departure from the EU. Just days before the UK is formally…

Shares of Edinburgh-based oil and gas company Cairn Energy fell 9% on Monday after it said a long-awaited tribunal decision on its proceedings against India won’t…

Deutsche Bank’s asset management arm DWS said on Friday it now sees a 45% chance that Britain will not leave the European Union at all,…

Amazon said it has signed what will be the largest corporate wind power purchase agreement (PPA) in the UK, located on the Kintyre Peninsula, Scotland….

Edinburgh-based funds platform Nucleus Financial Group on Friday published an update on its assets under administration (AUA) for the three months to September 30, 2019.  Nucleus said its…

UPDATE 2 — The UK’s Competition and Markets Authority (CMA) said on Thursday it will investigate whether OVO Energy’s £500 million deal to buy Perth-based…

UPDATE 3 — Royal Bank of Scotland Group on Thursday reported an attributable loss of £315 million for the third quarter amid a PPI charge…

Brexit uncertainty has already cost the Scottish economy around £3 billion – relative to where it would have been – according to new research from…

The value of private equity (PE) deals taking UK-listed companies private more than trebled to £14 billion in 2018-19, up from £3.8 billion the previous…

Longmead Capital has bought the office building at 123 St Vincent Street in central Glasgow from Aviva for £37.8 million in one of the largest…

Glasgow-based sausage skin and collagen products firm Devro said on Tuesday it will close its Bellshill site with the loss of 90 jobs and increase the portfolio of…

Mike Ashley’s Sports Direct International said it does not, after all, intend to make an offer for East Kilbride-based Goals Soccer Centres plc, citing insufficient…

Stagecoach chairman Brian Souter said on Monday he will gift £109 million to charity after a strong performance by Souter Investments, his family investment firm….

Shares of Glasgow-based banking group CYBG — owner of Clydesdale Bank and Yorkshire Bank — rose about 4% on Monday as it rebranded as Virgin…

The Scotch Whisky Association (SWA) warned on Friday that exports of Single Malt Scotch Whisky to the US could fall by as much as 20%…

Deutsche Bank said on Thursday it sees a 55% chance that UK Prime Minister Boris Johnson’s Brexit deal will be rejected by the UK Parliament…

Shares of Edinburgh-based oil and gas company Cairn Energy fell about 4% on Tuesday after it said it failed to find hydrocarbons at the Chimera well…

The International Monetary Fund (IMF) issued a new warning about the corporate debt market as it started its autumn meetings with the World Bank in…

ScotRail said new figures show a surge in punctuality on Scotland’s Railway, with 36,200 more trains arriving on time since April 1, 2019, compared with…

Scottish FTSE-listed company shares have gained 6.81% in the first nine months of 2019, against the FTSE All Share’s 10.39% rise, according to the latest…

New labour market data from the UK’s Office for National Statistics (ONS) released on Tuesday shows Scotland’s unemployment rate is now 4.1% and the employment rate…

The Scottish Government said statistics published on Tuesday by Scotland’s Chief Statistician show income from council houses was £1.21 billion in 2018-19. Of this, around…

Aberdeen-based Eland Oil & Gas said on Tuesday it agreed to be acquired by Nigeria’s Seplat Petroleum for about £382 million in cash. Seplat will…

Glasgow-based global intellectual property law firm Murgitroyd Group confirmed on Tuesday it is in “advanced discussions” over an “indicative proposal” from Sovereign Capital Partners LLP to acquire Murgitroyd…

UPDATE 2 — Edinburgh-based aviation logistics company John Menzies announced on Monday the appointment of a new chief financial officer (CFO) and the creation of…

Wheatley Group — Scotland’s biggest social landlord — said on Monday it received the first tranche of new funding from the European Investment Bank (EIB) at…

The UK’s listed companies have been hit hard by an “accelerated decline” in both the quantity and quality of sell-side analyst research following the introduction…

Embattled Glasgow-based fashion firm Quiz said on Friday its group revenue fell 5% to £63.3 million in the six months to September 30, 2019. In a trading…

Stock markets operator Euronext said on Thursday it was open to transformational deals in a bid to boost its dominance in the European capital markets…

The Scottish Government said on Thursday that BT plc has been confirmed as the only bidder for two of the three areas under its new…

The 2014 independence referendum has had a lasting effect on investment in Scotland’s commercial property market, according to new analysis from Knight Frank. Five years…

Aberdeen & Grampian Chamber of Commerce’s latest infrastructure investment update, produced with EY, has revealed that £10.1 billion of public and private investment is due…

New International Monetary Fund managing director Kristalina Georgieva issued a warning about the state of the global growth on Tuesday. She warned trade conflicts had…