Scottish Financial Review

The cost of renting a three-bedroom home in Edinburgh is £479 a month more expensive than Glasgow, according to the latest housing report by global…

Videogames degrees at Dundee’s Abertay University have been ranked best in Europe for the fifth consecutive year. The annual Princeton Review again rated Abertay as…

UPDATE 4 — Edinburgh-based investment giant Standard Life Aberdeen plc unveiled a boardroom overhaul on Wednesday as it reported disappointing 2018 results that showed its…

Edinburgh-based oil and gas company Cairn Energy on Tuesday reported a $1.2 billion pre-tax loss on continuing operations amid non-cash writedowns connected to a long-running…

The Scottish Government said there were 18,750 new build homes completed across all sectors in the year to September 2018, an increase of 4% or…

UPDATE 2 — Edinburgh-based John Menzies plc, the global airport services firm, said on Tuesday that its CEO Forsyth Black “has decided to step down from…

New Mexico Educational Retirement Board (NMERB) and Aberdeen Standard Investments (ASI) have announced they will work together to invest in small and medium sized companies…

Oil and gas production in the UK increased by more than 4% in 2018, averaging 1.7 million barrels of oil equivalent (boe) per day, according…

More than 100 Scottish Enterprise staff are to be “refocused” to work on helping Scottish businesses prepare for Brexit. With less than three weeks to…

Edinburgh-based water retailer Business Stream, a subsidiary of state-owned Scottish Water, said on Friday it won a four-year contract worth up to £62 million with public…

Shares of East Kilbride-based Goals Soccer Centres plc fell more than 30% on Friday after the firm said it is working with its auditors “to…

Edinburgh-based video security company IndigoVision said on Thursday its 2018 revenue rose 9% to $46 million and its operating loss narrowed to $0.6 million from…

Rural enterprise university status for Scotland’s Rural College (SRUC) could lead to a £4.5 billion boost for the Scottish economy, according to a new report. …

UPDATE 2 — Shares of Glasgow-based fashion firm Quiz fell more than 50% after it said in a trading update it recorded “a significant shortfall in…

The value of sales in the Scottish residential property market increased by 1.3% to £18.1 billion in 2018, according to new figures released on Tuesday…

Shares of Edinburgh-based Craneware, a software firm that specializes in US healthcare, fell almost 6% on Tuesday despite the company reporting its first-half revenue increased 15% to…

Aviva plc, the UK’s second-largest insurer, said on Monday that Falkirk-born Maurice Tulloch will become its chief executive officer with immediate effect. Tulloch most recently…

Dundee-based investment firm Alliance Trust, which appointed external asset managers Willis Towers Watson (WTW) in April 2017, said on Friday it underperformed its benchmark in 2018….

Edinburgh-based fund management firm Martin Currie, the £17 billion active equity specialist that is part of the Legg Mason group, is expected to announce that…

Glasgow-based media firm STV Group plc said on Thursday its 2018 revenue increased 8% to £125.9 million, “reflecting particularly strong growth in regional advertising revenue,…

Legislation to support the establishment and capitalisation of the Scottish National Investment Bank has been published by the Scottish Parliament. The Scottish Government has committed…

Shares of Glasgow-based trading firm Beeks Financial Cloud Group plunged more than 20% on Wednesday after it reduced its forecast for underlying full-year profit before…

Shares of Glasgow-based engineering giant Weir Group rose 3.5% on Wednesday after it said 2018 revenue rose 23% to £2.45 billion and 2019 would be “another year of…

Ineos said on Wednesday it will invest £1 billion in the UK, including £500 million in the Forties Pipeline System to prolong the life of…

Shares of Glasgow-based sausage skin and collagen products firm Devro rose about 8% on Tuesday after it reported 2018 results and said it expects to grow revenue,…

Elgin-based housebuilder Springfield Properties, which is building a number of new towns and villages throughout Scotland, said on Tuesday its first-half revenue increased 38% to…

Bahrain-based private equity firm Investcorp and Edinburgh-based investment giant Aberdeen Standard Investments (ASI) announced the appointment of Gerry Grimstone as chairman of its new joint…

ScottishPower — a subsidiary of Basque energy giant Iberdrola — said on Tuesday it will spend up to £2 billion in the UK in 2019,…

Glasgow-based engineering giant Weir Group said it agreed to sell its flow control division to private equity firm First Reserve for an enterprise value of £275 million…

The Scottish Parliament has approved the 2019-20 Scottish Budget which the Scottish Government said provides £42.5 billion of investment in the economy and public services….

Glasgow-based packaging firm Macfarlane Group said 2018 was another year of “significant growth” as it reported its sales rose 11% to £217.3 million and profit before…

Aberdeen-based engineering and oil services giant Wood plc said it has been awarded an $8 million contract by ADNOC Refining to deliver pre-front end engineering…

A ‘No Deal’ Brexit would cause Scotland’s gross domestic product (GDP) to fall by up to 7%, according to a new report by the Scottish…

Edinburgh-based Forth Ports Group said it has received planning consent for a new £200 million port on the River Thames. The firm’s Port of Tilbury,…

Polly Purvis, the CEO of digital technology industry body ScotlandIS, has announced that she will retire later this year. Karen Meechan has been promoted to…

Scotland’s Constitutional Relations Secretary Michael Russell has warned that a “no deal” Brexit could cost Scotland about 100,000 jobs, more than doubling the unemployment rate.  …

ScottishPower — a subsidiary of Basque energy giant Iberdrola — said on Wednesday 2018 had been “a pivotal year” for the business as EBITDA at…

The Scottish Government is to increase its efforts to encourage EU citizens to remain in Scotland, the First Minister Nicola Sturgeon will confirm in an…

Scotland’s employment rate rose to 75.5%, close to the highest on record, and the unemployment rate fell to 3.5%, a record low and lower than…

Moves to increase Scotland’s trade with its third largest export market will be made by First Minister Nicola Sturgeon during a two-day visit to France….

UPDATE 3 — Standard Life Aberdeen will on Monday announce it acquired Orion Partners, an Asian real estate investment firm, following news that Japan’s Mitsubishi…

UPDATE 3 — Royal Bank of Scotland (RBS) said on Friday it made attributable full year profit of £1.6 billion in 2018, more than double…

Edinburgh-based Aegon UK — which last year apologised for big problems in the migration of Cofunds clients to Aegon — said on Thursday “significant strides” had…

Edinburgh-based investment giant Aberdeen Standard Investments is close to agreeing a deal to sell its HQ at at 6 St Andrew Square in Edinburgh, according to a…

Bahrain-based private equity firm Investcorp and Edinburgh-based investment giant Aberdeen Standard Investments (ASI) on Wednesday announced the launch of a joint venture that will invest in…

Celtic plc late on Tuesday reported its financial results for the six months ended December 31, 2018, showing revenue fell to £50 million from £71.5 million…

Official figures from HM Revenue and Customs (HMRC) show that the export value of Scotch Whisky grew 7.8% to a record £4.7 billion in 2018….

Diageo announced that plans have been formally submitted for its flagship Johnnie Walker visitor centre in the former Frasers department store at the west end…

Perth-based transport giant Stagecoach Group said on Tuesday its subsidiary East Midlands Trains Limited has agreed a new short-term rail franchise with the UK’s Department…

Edinburgh-based travel search site Skyscanner said it appointed Joanna Lord as its chief marketing officer. Lord, formerly CMO at ClassPass, will lead Skyscanner’s growth marketing…

An independent commission to advise on a 30 year strategy for infrastructure investment in Scotland has appointed its final members. The group, chaired by former…

Glasgow-based Smart Metering Systems (SMS) on Friday issued a trading update that showed its “total annualised recurring revenue” increased by 32% to £75.3 million at…

Perth-based energy giant SSE on Friday cut its full-year profit forecast as the suspension of payments from a back-up power scheme hurt its income.  A…

The number of restaurants in Scotland going bust last year increased by 86.3%, according to new analysis of the sector by accountants and business advisers…

Aberdeen-based Wood plc and KBR, Inc. have secured a new multimillion dollar contract to deliver front-end engineering design (FEED) for Shell Australia’s Crux project to build…

Buccleuch — one of Scotland’s biggest private landowners — said on Wednesday the Duke of Buccleuch will step down as chairman of the group at the…

Shares of Clydesdale and Yorkshire Bank owner CYBG rose about 14% on Wednesday after it lifted its forecast for margin growth and reported a rise…

Scotland’s First Minister Nicola Sturgeon is visiting North America this week to strengthen trade and cultural links between Scotland and the US and Canada. The…

Perth-based energy giant SSE said on Friday it agreed to sell a 49.9% stake in its Stronelairg and Dunmaglass wind farms for about £635 million…

Elgin-based housebuilder Springfield Properties said on Friday it completed the acquisition of Livingston-based Walker Group for up to £31 million. Springfield is building a number…

Total income from Scottish farming is estimated to have fallen by £57 million to £672 million in 2018, after increasing in 2017. The chief statistician in…

Scotland’s international and rest of UK exports in 2017 (excluding oil and gas) rose 5.2% to £81.4 billion from the previous year. Exports to the…

Total and partners including China’s CNOOC have made a significant new gas discovery off the coast of Scotland at the North Sea Glengorm prospect about…

ScottishPower — a subsidiary of Basque energy giant Iberdrola — may compete against foreign infrastructure investment funds in the race to buy £2 billion Warrington-based electricity…

Aberdeen-based engineering and oil services giant Wood plc on Monday announced further progress with its $200m non-core asset disposal programme. In December, Wood agreed the…

Edinburgh-based funds platform Nucleus Financial Group Limited on Monday published an update on its assets under administration (AUA) in respect of the 12-month period to…

Cumbernauld-based Irn-Bru maker A.G. Barr said on Friday it expects its full-year revenue to rise about 5% to around £277 million. Barr, which also produces…

PwC said on Thursday it is embarking on a “significant” expansion of its Scottish operations with more than 100 staff expected to be recruited over…

Edinburgh-based water retailer Business Stream, a subsidiary of state-owned Scottish Water, said on Thursday it bought the customer base of its competitors Yorkshire Water Business…

A report launched on Thursday says Edinburgh’s 10 independent schools made an economic contribution of £125 million gross value added (GVA) in 2017-18, supporting 3,000 jobs.  The…