Scottish Financial Review

Beeks Financial Cloud Group plc, the Glasgow-based cloud computing and connectivity provider for financial markets, confirmed on Wednesday that its conditional contract with “one of the largest…

The latest EY ITEM Club Scottish Summer forecast said that Scotland’s economic recovery is gaining momentum, “suggesting fertile conditions for growth.” It said the latest quarterly GDP…

Pension fund Railpen and independent Scottish renewable energy business GreenPower have announced a joint venture to co-develop the 66 megawatt (MW) Barachander onshore wind project…

Edinburgh and London-based private bank Hampden & Co said it saw significant demand for personalised banking over the first half of 2024 as deposits, lending and…

UK energy regulator Ofgem said it has given the green light to a £3.4 billion funding package to build a proposed new subsea “superhighway” with…

New research from business and financial adviser Grant Thornton UK LLP has found that parents are more likely to encourage their child to apply for…

SSE Renewables announced that exploratory tunnelling at the site of what would be the UK’s first large-scale pumped storage scheme to be developed in 40…

A new research hub is to lead the use of “digital twins” to determine how transport systems, from road and rail to air and maritime,…

The Scottish Rugby Limited (SRL) board said it has appointed international banker Stephen White — currently chief operating officer for Santander UK — as an…

Aidan O’Carroll has been reappointed as chair of the Revenue Scotland board by Ivan McKee MSP, Minister for Public Finance. O’Carroll has been Revenue Scotland…

The number of people living in Glasgow city centre has risen by a third in just over a decade, new figures released by Glasgow City…

Utah-based Recursion Pharmaceuticals has agreed to buy AI-driven drug discovery firm Exscientia, originally a spinout company from the University of Dundee, in an all-stock deal…

A group of private equity investors agreed on Friday to buy Hargreaves Lansdown in a deal that values the Bristol-based investment platform at £5.4 billion….

Total UK fintech investment hit $7.3 billion in the first half of 2024, up from $2.5 billion in the same period in 2023, according to…

Chivas Brothers, the Scotch whisky business of Pernod Ricard, and its distilling wheat supplier Simpsons Malt Limited, have announced an investment in low-carbon fertiliser created by…

Loganair, the UK’s largest regional airline, has announced the appointment of Natalie Bush as Chief Operating Officer (COO) and Accountable Manager. Bush, currently the UK…

Scottish-headquartered UK law firm Shepherd and Wedderburn has reported growth of 7% in turnover to £71.4 million for the year to April 30, 2024. Net profits…

Shell has selected Aberdeen-based consulting and engineering giant Wood plc to deliver pre-FEED (pre-front-end engineering and design) services for Oman’s innovative Blue Horizons’ project. “The project will…

Celtic plc said in a trading statement late on Tuesday it expects that its earnings for the year ended June 30, 2024, “will be significantly higher…

A record number of Scottish students have secured places at a Scottish university this year, UCAS figures show. Acceptances to Scottish institutions for “home” students…

Shares of Abrdn rose as much as 5% on Tuesday after it reported first-half results showing assets increasing slightly to £506 billion and total group net inflows…

The UK Government’s decision to withdraw funding for the University of Edinburgh Exascale Supercomputer is a major blow to Edinburgh’s ambition to be a global centre…

Global stock markets fell sharply on Monday — with the Japanese index suffering its worst day in 37 years — as investors around the world…

Turnover from red meat processing in Scotland in 2023 is estimated to have risen for a fourth consecutive year — rising 1% to £975 million….

Lloyds Banking Group (LBG) — owner of Bank of Scotland, Scottish Widows and Halifax — said it has appointed Rohit Dhawan to the newly established…

Dubai-based firm Sidara said on Monday it does not intend to make a firm offer for John Wood Group plc, the Aberdeen-based engineering and consulting giant, “in…

Glasgow-based property developer Ambassador Group said it has obtained approval for the “tranformational redevelopment” of the iconic Craigforth Campus site near Stirling that was previously occupied…

Abrdn Adviser has announced that Verona Kenny will join the firm in the newly created role of Chief Distribution Officer, reporting directly to Noel Butwell,…

A joint report by Professor Mariana Mazzucato of the UCL Institute for Innovation and Public Purpose (UCL IIPP) and Future Economy Scotland co-founder Laurie Macfarlane and has set out…

KPMG’s latest UK Financial Services Sentiment Survey of 150 industry leaders found that 90% of them plan to increase their footprint outside of London in…

Royal London said in its 2024 first-half results on Friday that its assets under management increased to £169 billion from £162 billion at the end…

The Association of Chartered Certified Accountants (ACCA) has called for the Scottish Government to increase the threshold at which charities have to complete an audit…

Whisky and gin makers have told the UK Press Association that the UK government’s “disastrous” 10.1% increase in alcohol duty has “sucked the life out…

The UK’s central bank on Thursday cut interest rates for the first time since early 2020 — from 5.25% to 5% — and signaled that…

The UK investment management industry saw growth in assets under management to £9.1 trillion in 2023 from £8.8 trillion in 2022, according to the latest…

John Wood Group plc, the Aberdeen-based engineering and consulting giant, announced on Wednesday another extension to the “Put Up Or Shut Up Deadline” for Dubai-based firm…

Edinburgh-based golf technology firm Shot Scope has raised $8.5 million in a Series B funding round led by Guinness Ventures, which invested $4 million. Through…

Standard Life owner Phoenix Group and global investment manager Schroders have announced an agreement to form a new strategic partnership called Future Growth Capital (FGC). FGC has…

McGill’s Bus Group has appointed Tony Williamson and Robbie Drummond to leadership roles as exisiting CEO Ralph Roberts becomes McGill’s group chairman. Roberts assumes the…

Independent UK oil and gas producer Viaro Energy confirmed on Tuesday it would buy UK Southern North Sea natural gas assets owned by Shell and Exxon…

By Mark McSherry Baillie Gifford’s £1 billion investment trust Scottish American Investment Company (SAINTS) said its net asset value (NAV) total return was 5.5% for the…

Shares of Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, rose as much as 3% after it said its full-year operating margins are…

A groundbreaking new quantum research hub that aims to develop technologies for an ultra-secure “quantum internet” of the future is being led by Edinburgh’s Heriot-Watt…

A.G. Barr, the Cumbernauld-based owner of Irn-Bru, Rubicon energy drinks, Boost Drinks, Funkin cocktail mixers and MOMA foods, on Tuesday reported first-half revenue growth of about…

The UK’s new finance minister Rachel Reeves said on Monday she had scrapped the previous government’s plan to sell shares in Natwest Group to the…

NatWest Group — formerly called Royal Bank of Scotland — said it has issued its first Electric Vehicle Green Bond, raising net proceeds of €750…

Edinburgh-based AI fintech Aveni — which creates large language models — has announced one of the largest Series A investments in a Scottish business this year…

Edinburgh-based investment giant Abrdn has forecast that “the real estate correction is now over for core assets” and it expects residential, retail and industrials to…

Glasgow-based fashion firm Quiz plc said on Monday it requires “additional time” to prepare its audited results for the year ended March 31, 2024. In…

The UK’s Financial Conduct Authority (FCA) set out new proposals on Friday to make it easier for companies already listed in London to raise more money…

Shares of NatWest Group plc rose on Friday after it raised its forecast for full-year income and announced the acquisition of £2.5 billion of prime…

Aberdeen-headquartered transport giant FirstGroup plc said on Friday that chairman David Martin “has decided that he intends to retire from the board of FirstGroup plc.” The…

Tulsa, Oklahoma-based global drilling company Helmerich & Payne (H&P) announced a definitive agreement to acquire Aberdeen-based KCA Deutag International Limited for $1.9725 billion in cash. KCA Deutag’s…

Bank of Scotland plc, owned by Lloyds Banking Group, has reported a profit before tax of £427 million for the first half of 2024, compared to…

Revolut, the fintech company with over nine million UK customers and 45 million globally, announced that it has received its UK banking licence “with restrictions”…

Alliance Trust plc, the £3.9 billion Dundee-headquartered fund, said it produced “very strong” investment returns for the six months ended June 30, 2024, with a…

Abrdn’s Interactive Investor (ii) — the UK’s second-largest platform for private investors — said it has unlocked retail investor access to the UK Treasury Bill Market…

Scottish Enterprise is launching a new support programme for businesses that are ready to undertake capital investment but looking to develop leaders, change business processes…

ScottishPower said it has delivered a £1 billion boost for the UK energy supply chain and over £1.1 billion in investment in the first six…

Shell Plc plans to sell leases it won to develop floating wind farms off the coast of Scotland as the energy giant continues to retreat…

Aberdeen-headquartered Proserv has successfully completed a sponsor-backed management buyout (MBO) and is introducing an employee ownership scheme — marking a significant milestone in the company’s…

Vehicle fleet electrification and battery storage firm Zenobē said it has been awarded £41.7 million, alongside a network of bus operators, in phase 2 of…

Edinburgh-based Lario Therapeutics, a biopharmaceutical company developing first-in-class precision medicines for epileptic and neurological disorders, announced it has been awarded a $6 million grant from…

TSB, the UK banking business of Spain’s Sabadell, has reported a statutory profit before tax of £111.6 million for the first half of 2024, a…

The percentage of people in the UK not on track for even a “minimum retirement lifestyle” has worsened from 35% to 38% since 2023, equating…

Women in Scotland are starting and running new businesses at almost the same rate as men for the first time, while one in five entrepreneurs…

Five projects funded by the UK Space Agency across Scotland were announced on Monday during the opening day of the Farnborough International Airshow, providing over…

Edinburgh emerged as the leading UK destination for foreign direct investment (FDI) outside of London and the South East of England, according to the latest…

SSE, the Perth-based electricity infrastructure giant, has announced plans to progress a new pumped storage hydropower scheme at Loch Fearna in Scotland’s Great Glen in a…

Beeks Financial Cloud Group plc, the Glasgow-based cloud computing and connectivity provider for financial markets, said on Monday its full-year revenue for FY24 “is expected to be…