Scottish Financial Review

Shares of Royal Bank of Scotland fell about 5% on Friday after it said its first-quarter attributable profit fell to £707 million compared with £808…

Shares of Perth-based transport giant Stagecoach Group rose 5% on Thursday after it announced a share buyback programme worth up to £60 million. “The Stagecoach board believes…

ScottishPower — a subsidiary of Basque energy giant Iberdrola — said on Thursday earnings rose 30% to £166 million at its ScottishPower Renewables business in…

Migration has helped Scotland’s population grow to a record high of 5.44 million, according to the National Records of Scotland (NRS). The figures published in…

UPDATE 4 — Royal Bank of Scotland said on Thursday that Ross McEwan has resigned from his role as chief executive officer (CEO). RBS said…

Aberdeen-based engineering and oil services giant Wood plc said it has won a multimillion-dollar framework contract to provide decommissioning work at the Dounreay nuclear site…

Scotmid Co-operative said on Wednesday it delivered a £5.3 million trading profit for the year ended January 28, 2019 — up £500,000 on the equivalent period…

First Minister Nicola Sturgeon said on Wednesday that Scotland should hold an independence referendum before the current Scottish parliamentary term ends in May 2021 and…

Scottish shares on the FTSE outperformed the wider market during the first three months of 2019 but their AIM-listed counterparts significantly underperformed the index, according…

The asset management units of Deutsche Bank and Swiss bank UBS Group are in “serious” merger talks, the Financial Times reported on Tuesday, citing people…

Almost 30% of shareholders of Glasgow-based media firm STV Group plc voted against the firm’s directors’ renumeration report at the STV AGM on Tuesday. “The company…

The co-founder of Aberdeenshire-based craft brewing firm BrewDog has criticized the lack of clarity surrounding Brexit, saying the confusion will cause “severe long-term damage” to…

Edinburgh-based investment giant Baillie Gifford has introduced a new parental leave policy which offers up to 52 weeks leave to any employee becoming a parent,…

The Scottish Government has warned that Scots who currently live in another EU country will find it much harder to bring family members back to…

Edinburgh Airport is likely to be sold this year for as much as £2 billion as its New York-based owner Global Infrastructure Partners (GIP) bids…

The latest Scottish Chambers of Commerce (SCC) Quarterly Economic Indicator survey for Q1 of 2019 shows the health of the Scottish economy “weakened considerably” in…

The Scottish Government said 19 new school projects are amongst the £1.4 billion of new building projects completed in the last year. The details are…

Glasgow-based media firm STV Group plc said on Thursday it reached an agreement with the trustees of the company’s defined benefits pension schemes “for the…

Chrysaor Holdings said on Thursday it will acquire ConocoPhillips’ UK oil and gas business for $2.675 billion. The assets being acquired produced 72,000 barrels of…

The latest economic commentary from the University of Strathclyde’s Fraser of Allander Institute (FAI) and partner Deloitte has laid out different scenarios for growth in…

Scotland’s unemployment rate fell to a record low of 3.3% in the three months to February — well below the UK figure of 3.9% —…

Scottish Equity Partners (SEP) said on Monday it has sold its portfolio of onshore wind farms to Pensions Infrastructure Platform (PiP) for an enterprise value…

Aberdeenshire-based craft brewing firm BrewDog has hired Just Eat EU finance director Dominic Neary as its new chief financial officer (CF0), according to a report…

Scottish Liberal Democrat deputy leader Alistair Carmichael MP has lodged a Bill in the UK’s House of Commons calling for Scottish banknotes to be accepted…

Barclays has appointed five new managing directors to support business development and drive growth opportunities at its new £300 million Glasgow campus. The diverse set…

Shares of troubled Glasgow-based fashion firm Quiz recovered some of their lost ground on Thursday after it published a trading update for the year ended March…

The number of store closures across Scotland’s high streets has fallen to its lowest level in the last six years, but the country’s most popular…

Shares of Perth-based transport giant Stagecoach Group plc fell about 5% on Wednesday after it said it has been disqualified from the current three UK rail franchise competitions by…

North Lanarkshire Council said on Tuesday that more than 6,500 jobs could be created and around £360 million per year generated for the local economy…

The International Monetary Fund (IMF) has cut its outlook for global growth to the lowest since the financial crisis amid a bleaker outlook in many…

Almost 700,000 Scots have problem debts or are at risk of having them, according to a new report by debt advisory charity StepChange Scotland. With…

Edinburgh-based investment giant Aberdeen Standard Investments (ASI) said it has entered into a strategic partnership with Skipton Building Society to provide portfolio products for customers…

The Scottish Government’s Transport Secretary Michael Matheson is pressing the UK Government to ensure that Scotland’s time sensitive exports like seafood can continue to reach…

Scotland exported £7.2 billion of financial and related professional services in 2017, up 7.4% from 2016, according to the most recent estimates of trade body…

Glasgow-based Smart Metering Systems (SMS) said on Thursday its 2018 revenue increased 24% to £98.5 million but statutory profit before tax fell 70% to £5.4 million….

Shares of Perth-based transport giant Stagecoach rose as much as 13% on Wednesday after the firm raised its annual profit forecast amid a strong performance…

Private equity firm Aliter Capital LLP has brought together Glasgow-based IT firm Boston Networks and North Wale-based Pinacl to create a UK-wide network infrastructure and…

The union Unite Scotland said on Tuesday its membership at Glasgow Airport voted for industrial action over a pay claim for 2019 and proposals to…

The Scottish Council for Development and Industry (SCDI) announced on Monday its new chief executive will be Sara Thiam, currently the Scotland Director of the…

Glasgow-based cloud computing firm Iomart Group plc said on Monday it expects to report revenue growing to £104 million from £97.7 million and adjusted profit before tax…

Renewable electricity generation in Scotland reached record levels in 2018, the latest figures from the Department for Business, Energy and Industrial Strategy (BEIS) show. The…

TSB said on Thursday it has taken direct control of important parts of its IT infrastructure away from Sabis, the in-house IT provider of TSB’s…

Shareholder rights group ShareSoc has advised Royal Bank of Scotland shareholders to vote against the firm’s remuneration report at the bank’s AGM on April 25….

Perth-based energy giant SSE said on Thursday it is continuing to work on “future options” for its retail supply arm SSE Energy Services after the…

CYBG plc, owner of Clydesdale and Yorkshire Bank, said it lent more than £2 billion to small and medium sized businesses (SMEs) in 2018.  This…

Incomes from commercial farms in Scotland rose 19% to £35,400 in 2017-18, the highest level in six years, according to the latest statistics published by…

The Scottish Government said on Wednesday that record amounts are being spent on research and development, according to its latest statistics. In 2017, Gross Expenditure…

Shares of East Kilbride-based Goals Soccer Centres plc were temporarily suspended on Wednesday at the request of the company “pending clarification of the company’s financial…

Planning permission in principle has been granted for a “new town” development including almost 2,000 new homes at Old Craighall, Musselburgh, east of Edinburgh. East…

Cumbernauld-based Irn-Bru maker A.G. Barr said on Tuesday its evenue rose 5.6% to £279 milliom and profit before tax and exceptional items increased 2.5% to £45.2 million…

Aberdeen-based chartered accountants and business advisors Anderson Anderson & Brown LLP (AAB) said on Monday it has secured a “significant seven figure equity investment” for…

The Scottish Government on Friday published the results of a report it commissioned from the UK Government’s Office for National Statistics (ONS) to carry out…

Glasgow-based Aggreko, the world’s largest temporary power firm, said on Thursday it will provide the critical power and distribution for the ninth Rugby World Cup in…

Heng An Standard Life (HASL), a joint venture between Standard Life Aberdeen and Tianjin TEDA International, has been granted permission to establish a pensions insurance…

Edinburgh-based investment giant Aberdeen Standard Investments (ASI) said it has been appointed investment adviser for £3.6 billion of assets across a range of portfolios on behalf…

Assets worth around £1 trillion are moving from London to hubs in the European Union ahead of Brexit, with the number of jobs that could…

DC Thomson Media on Wednesday confirmed the acquisition of two of Scotland’s biggest commercial radio stations, Kirkcaldy-based Kingdom FM and Aberdeen-based Original 106. This adds…

Edinburgh-based Miller Homes said on Wednesday its 2018 revenue rose 11% to £747 million and its operating profit increased 15% to £151.1 million. Miller said it…

The Scottish economy has shown growth for the eighth consecutive quarter. Latest gross domestic product (GDP) figures show the Scottish economy grew 0.3% in the…

Oil & Gas UK’s Business Outlook 2019 has found that although 62% of contractor companies have an improved outlook for 2019, many areas of the…

A new report by the Scottish Land Commission argues that concentrated land ownership in some parts of Scotland “hampers economic development and causes serious and long-term harm…

UK energy regulator Ofgem said on Tuesday it “is minded” to approve a proposal by SSE’s Scottish and Southern Energy Networks (SSEN) to build a…

Shares of Aberdeen-based engineering and oil services giant Wood plc fell as much as 10% on Tuesday after it reported its 2018 full year results and…

UPDATE 4 — Edinburgh-based investment giant Standard Life Aberdeen (SLA) said on Tuesday it won a legal dispute to stop Scottish Widows parent Lloyds Banking…

Scotland’s First Minister Nicola Sturgeon on Monday wrote to UK Prime Minister Theresa May to raise her concerns over the role of the UK’s devolved…

Food and drink exports from Scotland rose 4.9% to a record high of £6.3 billion in 2018, according to the HMRC figures. Whisky accounted for…

The Scottish Government’s innovation minister Ivan McKee said on Thursday that Scotland’s space sector could be worth £4 billion by 2030. McKee outlined the Scottish…

Edinburgh councillors have voted 36 to 26 to go ahead with the extension of Edinburgh Trams from the city centre to Newhaven via Leith Walk at…

A dedicated Digital Quarter is being planned as the focal point of the 150-acre Crosswind site development near Edinburgh Airport. Crosswind, which was set up…