Scottish Financial Review

Shares of Glasgow-based global engineering and mining giant Weir Group rose as much as 6% on Thursday after it published results for the six months ended…

ScottishPower announced it is launching its biggest ever recruitment drive — with at least 1,000 new jobs to be filled in the next 12 months….

Bank of Scotland plc — owned by Lloyds Banking Group — has reported that its profit before tax for the half-year to June 30, 2022, fell…

Latest data from Abrdn-owned Interactive Investor (ii), the UK’s second-largest investment platform for private investors, shows a significant jump in voting on AGM shareholder resolutions in…

Shares of Edinburgh-based ready meals firm Parsley Box Group plc fell another 30% on Wednesday after the firm issued an update on trading for the first six…

Edinburgh-based Craneware, a provider of software for the US healthcare market, announced that group headline revenues for the year ended June 30, 2022, increased 119% to…

SSE plc, the Perth-based renewable energy and power networks giant, said it successfully issued a €650 million 7-year green bond maturing August 1, 2029, at a coupon…

The governance and leadership practices of Cricket Scotland have been found to be “institutionally racist”, according the report published on Monday by equality and diversity…

The entire board of Cricket Scotland resigned on Sunday with immediate effect, a day before an independent investigation into racism in the sport in Scotland…

The Scottish Affairs Committee in the UK government announced it has launched a new inquiry “examining how Scotland is promoted internationally by the UK Government,…

Glasgow-based global engineering and mining giant Weir Group said on Friday that Nicola Brewer and Tracey Kerr joined its board as independent non-executive directors with effect from…

The interest payable on UK central government debt in June 2022 was £19.4 billion — by far the highest since monthly records began in April…

Peel Ports has announced that the first-ever direct freight container service connecting China and Scotland is being launched in response to growing global pressures on…

Aberdeen-based bus and rail giant FirstGroup said on Thursday the Takeover Panel has granted it a further extension — to August 18 — to allow discussions…

ScottishPower has named Vicky Kelsall as the new CEO of its electricity networks business, SP Energy Networks, taking over from Frank Mitchell on his retirement….

Standard Life, part of Phoenix Group, announced it has concluded a £150 million Bulk Purchase Annuity (BPA) transaction covering 1,300 members of the Sappi UK…

SSE plc, the Perth-based renewable energy and power networks giant, announced that its first-quarter performance has “slightly exceeded” its expectations and that it remains confident in its financial…

Edinburgh-based investment giant Abrdn is preparing to sell its private equity business as part of the current streamlining process taking place under CEO Stephen Bird, according…

Forth Ports announced that a new freight container shipping route has been launched at Grangemouth with global logistics group CMA CGM and its subsidiary Containerships…

Scotland’s unemployment rate remained at a low level of 3.5% in the March to May 2022 quarter — below the UK rate of 3.8% —…

Commercial property in Scotland has had its best half year for investment volumes since 2018, according to analysis from Knight Frank. The commercial property consultancy…

Edinburgh investment giant Abrdn has announced the launch of a China Next Generation Fund, a small and mid cap (SMID) companies fund “primarily investing in…

The Metropolitan Pub Company has announced the acquisition of the Ubiquitous Chip, Stravaigin and Hanoi Bike Shop, all located in Glasgow’s West End, from the Clydesdale…

The National Galleries of Scotland (NGS) announced it has discovered what is “almost certainly” a previously unknown self-portrait by Vincent van Gogh. The mysterious image…

The Scottish Music Industry Association (SMIA) has announced the appointment of Ronnie Gurr as its chief executive officer with immediate effect. Gurr will lead the SMIA’s executive team and…

New figures released by the British Business Bank show that small businesses founded at Scottish universities “accounted for the highest number of equity investment deals…

Edinburgh investment giant Abrdn announced a big shake up in its Real Assets business, with 12 people “voluntarily” leaving the business. In its Real Assets unit,…

The Scottish Government said on Wednesday that a contract worth up to £42 million has been awarded to Edinburgh-based company Codebase to establish seven new…

Edinburgh-based wireless communications firm pureLiFi will target a global roll out of its revolutionary technology after securing £10 million in backing from the Scottish National…

Thurso-based battery cell developer AMTE Power said it has signed a memorandum of understanding (MoU) with MAHLE Powertrain (MPT), the engineering services subsidiary of MAHLE Group….

Standard Life, part of Phoenix Group, said it has concluded a £680 million Bulk Purchase Annuity (BPA) transaction covering 8,000 members of the Whitbread Group…

AGS Airports, which owns Aberdeen International, Glasgow and Southampton airports, announced that its CEO Derek Provan will step down from his position next year. AGS…

TSB has announced two new appointments to its executive committee, with Cheryl McCuaig joining the bank as chief technology and digital officer and Richard Lees…

Scotland’s private sector economy remained “in expansion territory” for the 16th month running in June, according to the latest Royal Bank of Scotland PMI data…

New research published on Monday by Scottish Enterprise (SE) reveals that equity investment secured by Scottish businesses increased 36% to £690 million in 2021, up…

Shares of Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, rose about 9% on Monday after it reported “record gold production” at its Cononish…

A cask of rare Scotch whisky has sold for £16 million to a private collector in Asia, smashing the previous world record of £1 million,…

IPO activity on the London Stock Exchange’s main market and the Alternative Investment Market (AIM) saw a collective 45% decrease in deal numbers and a 94%…

The UK government faces an unsustainable debt burden more than three times its current level unless future governments raise taxes to fund increasing costs from…

Shares of Aberdeen-based global engineering and consulting giant John Wood Group rose as much as 8% on Thursday after it published a trading update for the…

Boris Johnson said on Thursday that he would resign as the UK’s prime minister, saying it is “now the will of the parliamentary Conservative Party…

Abrdn announced it has created a single, unified UK and European equity team, with Ben Ritchie, previously Head of European Equities, appointed to lead the…

The £300 million investment trust Abrdn China Investment Company has reported net asset value (NAV) total return of -21.5% for the six months to April 30,…

Shares of Edinburgh-based investment giant Abrdn rose as much as 8% on Wednesday after it announced it will commence a return of £300 million to shareholders…

Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — has reported a 45% increase in core revenue…

UK finance minister Rishi Sunak and Health Secretary Sajid Javid sensationally quit the UK government on Tuesday in a double blow to Prime Minister Boris…

Scotland’s leading law officer Dorothy Bain QC, the Lord Advocate, has asked the UK’s Supreme Court to decide whether the Scottish Parliament has the power to…

The cost of doing business in Scotland is in “crisis mode” and is undermining Scottish business recovery and growth, according to the latest findings from…

Glasgow-based fashion firm Quiz plc said on Tuesday its revenue rose 97% to £78.4 million during the year to March 31, 2022, and it returned to…

UK and Scottish law firm Brodies LLP said it has reported a twelfth consecutive year of growth for the 12 months to April 30, 2022. The…

The Scottish Government announced that “transformative changes” are being proposed to the way Scotland’s land is used and managed “in order to ensure greater benefit…

The £440 million Aberdeen New India Investment Trust has reported a net asset value (NAV) total return of +11.2% and share price total return of…

Offshore Energies UK (OEUK) announced on Friday that its chief executive Deirdre Michie will step down at the end of 2022 after almost eight years…

Edinburgh-based fund management giant Baillie Gifford said the global rout in growth stocks “has been both staggering and sobering” and has been a “humbling experience for…

The £1 billion Abrdn Private Equity Opportunities Trust plc (APEO) has reported NAV total return of 6.8% for the six months to March 31, 2022,…

Scotland’s economic growth forecast for 2023 has been revised down due to the impacts of cost increases on consumers and businesses — and the likelihood…

Virgin Money UK plc announced a share buyback programme, with an initial repurchase of up to £75 million of its shares listed on the London…

Lloyds Banking Group (LBG) announced that Scott Wheway, subject to regulatory approval, will become chair of Scottish Widows Group on September 12, 2022.  Wheway will become a…

Perth-based transport giant Stagecoach, now owned by German asset manager DWS, said its revenue grew to £1.176 billion from £928.2 million in the year to April…

Investment trust dividends rose 15.4% to a record £5.5 billion in the 12 months to the end of March 2022, according to the latest Investment…

Growth investor BGF has exited Ellon-based chemicals firm Aubin Group following a deal to sell the firm to Genova-based Italmatch Chemicals. Aubin is a developer…

SSE Thermal and Equinor have agreed to acquire Triton Power Holdings Ltd from private equity firm Energy Capital Partners for £341 million. SSE Thermal and…

Scotland’s First Minister Nicola Sturgeon announced on Tuesday that the Scottish Parliament will publish an independence referendum bill with a planned date for the vote…

Scottish Athletics said that 10 Scots have been selected for the Great Britain and Northern Ireland team to compete at the World Athletics Championships in…

Kintore, Aberdeenshire-based Pipeline Technique (PTL) has agreed to acquire the oil and gas division of Stanley Black & Decker, the international pipeline services and equipment company which…

An independent report has been commissioned into how funding for the Scottish Government is calculated. The report will be co-authored by Professor David Bell of…

Proposals for an independent Scottish Public Interest Journalism Institute have been welcomed by the Scottish Government. The institute is a key recommendation of the Public…

Managers of Abrdn funds around the world have given their views on markets amid the volatility and index declines of 2022 as high inflation, rising interest…

Siemens Gamesa said it has been awarded the firm order for the delivery of 60 units of its SG 14-222 DD offshore wind turbine at…

Aberdeen-based bus and rail giant FirstGroup said on Thursday the Takeover Panel has granted it a four-week extension to allow discussions to continue with US private…