Scottish Financial Review

Siccar Point Energy CEO Jonathan Roger said on Friday that Royal Dutch Shell’s decision last week not to go ahead with the Cambo oilfield project west…

Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, announced the appointment of Anna Franekova to drive mergers…

Edinburgh-based Aegon UK has appointed Andy Dickson to the newly created role of Master Trust Strategic Development Director. “Andy will be responsible for building on…

The independent Scottish Fiscal Commission said on Thursday it expects a strong economic recovery in 2021-22, with Scottish GDP growing by 10.4% and economic activity…

Aberdeen-based North Star Group said it has clinched the service operations vessel (SOV) contract to support the third phase of the SSE-led Dogger Bank Wind…

The supply of permanent staff in Scotland plummeted “at a record pace” in November, while short-term staff availability also fell rapidly — forcing employers to…

Shares of Aberdeen-based bus and rail giant FirstGroup fell about 6% on Thursday after it warned about the “uncertainty around the pace of recovery in…

Edmond de Rothschild Real Estate Investment Management (REIM) said it has secured a prime residential development site in Glasgow, its first investment in Scotland, for…

Norwegian-owned Scottish Sea Farms announced that the UK’s Competition and Markets Authority (CMA) has cleared its bid to acquire Grieg Seafood Hjaltland UK, paving the…

The Scottish Government has announced that BBC Studioworks, a commercial subsidiary of the BBC, is to operate the new £11.9 million TV studio at Kelvin…

Glasgow-based fashion firm Quiz said on Wednesday its revenue increased 109% to £36 million in the six months to September 30 “further to the removal…

SSE, the Perth-based renewable power and networks giant, has received support from institutional shareholders Royal London Asset Management and Columbia Threadneedle in its rejection of…

Edinburgh-based investment giant Baillie Gifford has dominated AJ Bell’s “Most Popular Funds And Shares Of 2021” report. Baillie Gifford American, Baillie Gifford Positive Change, Baillie…

Perth-based transport firm Stagecoach Group said on Wednesday its revenue grew 27% to £579.4 million in the half-year to October 30, 2021, with profit before tax soaring…

Dundee-based publisher DC Thomson — owner of The Press and Journal, The Courier, The Sunday Post and The Beano — announced the appointment of Rebecca Miskin…

Edinburgh-based asset management giant Abrdn plc announced that it priced its Additional Tier 1 bond issue of £210 million at 5.25% — as bond market reports…

Shares of Glasgow-based cloud computing firm Iomart Group regained some of their lost ground on Tuesday after the company reported strong levels of recurring revenues…

By Mark McSherry SSE has come under a fresh attack from US activist hedge fund Elliott Management, which is now calling for the Perth energy…

The powerful trade association for the £274 billion investment trust and closed-end fund industry has said the cost of preparing prospectuses — in terms of time…

Edinburgh-based investment giant Abrdn said on Monday it has joined the ESG advocacy network the Emerging Markets Investors Alliance (EMIA). Abrdn is the newest major asset…

NATS — formerly called National Air Traffic Services — announced it has implemented the “biggest ever geographical airspace change in the UK” by removing long-established air routes over Scotland…

A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers,  said on Monday it has taken an initial 60% equity stake…

Scottish fund manager Anne Richards, the CEO of Fidelity International, has been named as the next chair of TheCityUK, the powerful lobbying group that represents the UK’s…

TSB bank said on Friday that its chief customer officer Robin Bulloch has been appointed interim CEO following the news that Debbie Crosbie has been…

Glasgow-based cloud data centre operator Iomart Group announced it has agreed a refinancing, replacing the firm’s existing single bank revolving credit facility (RCF) of £80…

Nationwide Building Society announced on Friday it has appointed TSB bank CEO Debbie Crosbie as its next chief executive and executive director, subject to regulatory approval….

Royal Dutch Shell said on Thursday it has scrapped its current involvement in plans to develop the controversial Cambo oilfield west of Shetland in a…

SSE Renewables and joint venture partner Equinor have reached financial close on Dogger Bank C, the third phase of what will be the world’s largest…

M&G Real Estate and property developer partner Qmile Group said on Thursday they have agreed pre-lets for 55% of Haymarket One at the new £350…

Edinburgh-based investment giant Abrdn announced plans on Thursday to acquire Manchester-based investment platform Interactive Investor for £1.49 billion in cash. Interactive Investor is a subscription-based platform within…

US asset management giant Vanguard has selected Edinburgh-based investment group Baillie Gifford — and its portfolio managers Sophie Earnshaw and Mike Gush — to co-manage…

The latest Mercer’s Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes and other post-retirement benefit plans for the…

Direct flights from Edinburgh to Newark, Chicago and Washington D.C. will resume next year as United Airlines returns to Scotland. The airline will resume its…

World Athletics has announced that Glasgow has been chosen to host the 2024 World Athletics Indoor Championships following a successful bid process. The Emirates Arena…

The latest poll from the Ipsos MORI Scottish Political Monitor, run in partnership with STV News, shows support for independence five percentage points higher than…

Glasgow-based media firm STV Group plc said on Wednesday it is on track for record year in advertising, with total advertising revenue for the full year 2021…

Edinburgh-based asset management giant Abrdn has announced the launch of its Emerging Markets Sustainable Development Corporate Bond Fund, which “aims to address environmental and social…

Springfield Properties, Scotland’s only listed house builder, has announced the conditional £56.4 million acquisition of Thistle SPV2 Limited, the owner of Tulloch Homes, the Inverness-based…

Scottish and Southern Electricity Networks (SSEN) Distribution, a subsidiary of Perth-based renewable power and networks giant SSE plc, has unveiled proposals to invest around £4 billion…

The board of the £580 million Aberdeen Standard Asia Focus plc fund announced that it has conducted a “comprehensive review” of the company’s long-term strategy…

Shares of John Menzies plc, the Edinburgh-based global aviation logistics specialist, rose about 6% on Tuesday after it published an update on current trading that showed…

TSB announced it will close another 70 branches in 2022 as it “responds to declining branch use and increasing numbers of customers switching to digital…

Edinburgh-based investment giant Aegon UK said on Tuesday that Jim Ewing has been appointed chief financial officer (CFO), subject to regulatory approval. Ewing joined Aegon in…

Scottish Friendly Assurance Society Ltd announced that Stephen McGee will join the business as chief executive officer (CEO), subject to regulatory approval, in April 2022….

National Grid Electricity Transmission plc (NGET) and Scottish Power Transmission plc (SPT) have agreed to pay a record redress package of £158 million for delays…

Scotland’s First Minister Nicola Sturgeon said on Monday she will “initiate the process necessary” to hold an independence referendum by the end of 2023. Addressing…

Hammerson plc confirmed on Monday it is in discussions for a possible £140 million sale of Silverburn, its flagship shopping centre on the south side…

The Scottish Government said six cases of the Covid-19 Omicron variant have been identified in Scotland. Four cases are in the Lanarkshire area and two…

Shares of A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers, rose about 13% on Monday after it published a…

Savills has reported that a “remarkable period of housing market activity” led to the highest number of Scottish transactions in 13 years between September, 2020…

The £373 million Baillie Gifford UK Growth Trust reported on Friday its net asset value (NAV) per share increased 2.8% in the six months to October 31, 2021,…

The Scotch Whisky Association (SWA) has announced that Mark Kent, former British Ambassador to Argentina, will succeed Karen Betts as chief executive when Betts leaves…

The Scotch Whisky Association (SWA) has welcomed the 50% excise duty cut on imported Scotch Whisky in the state of Maharashtra ahead of formal UK-India…

Macfarlane Group, the Glasgow-based packaging, design and distribution firm, said on Thursday its sales revenue has grown 25% in the year to date and profit…

John Menzies plc, the Edinburgh-based global aviation logistics specialist, announced that Menzies Aviation has secured an extension to its long-standing ground services partnership with easyJet…

Shares of Alva-based Omega Diagnostics Group plc fell about 25% on Thursday after it said it is “very disappointed with the lack of progress and commitment…

The £600 million Baillie Gifford European Growth Trust said on Wednesday it will be seeking shareholder approval to increase its permitted investments in unlisted companies from…

SSE Renewables and Equinor, the joint venture partners co-developing the 3.6GW Dogger Bank Wind Farm in the North Sea, announced that 15-year offtake Power Purchase…

Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc on Tuesday published first-half results “materially ahead of the board’s expectations.” The Linlithgow firm declared its first…

Blocking long-planned oil and gas projects in the North Sea would risk leaving UK consumers even more exposed to the global energy shortages that sent…

Martin Gilbert’s investment firm AssetCo plc is one of two companies that have made preliminary bid approaches for fund manager River and Mercantile Group (RMG),…

The £1.2 billion Edinburgh Investment Trust said on Monday its net asset value (NAV) has risen 48%, compared with 36.8% for the FTSE All-Share, since…

Investment managers that hold stakes in FTSE 350 companies “will expect companies to continue to show restraint and restrict executive bonuses where government support has…

John Paul Marks has been appointed to the role of top civil servant at the Scottish Government, succeeding the controversial Leslie Evans. Marks has been appointed…

The number of private sector businesses operating in Scotland fell almost 20,000 in the year to March 2021 to 344,505, according to the Scottish Government’s latest…

Pensions consultancy Hymans Robertson has warned that a lack of understanding about “company beliefs” and how they impact decision making around pensions schemes could endanger the…

Scottish Rugby said it has appointed Julian Momen, former CEO of Carlsberg UK, as its chief commercial officer, effective January 2022. Momen spent seven years…

Zetland Capital Partners LLP, a London based private equity firm, has announced its funds have agreed to acquire the 338-bedroom Macdonald Manchester Hotel and the…

SSE, the Perth-based renewable power and networks giant, announced on Wednesday a “Net Zero Acceleration Programme” including an “enhanced, fully funded £12.5bn strategic capital investment…

Patrick Keefe has been named the winner of the £50,000 Baillie Gifford Prize for Non-Fiction 2021 for Empire of Pain: The Secret History of the…