Scottish Financial Review

Shares of Alva-based Omega Diagnostics Group fell more than 15% after it said its turnover fell 5% to £13.55 million in the year ended March 31,…

Edinburgh-based global fund management giant Baillie Gifford, which manages £193 billion of assets, has confirmed reports that it is to set up a new EU subsidiary company…

Urgent action is required from the UK Government in Brexit talks to protect Scotland’s world-renowned food and drink produce, according to the Scottish Government’s cabinet secretary…

Edinburgh-based preventive dentistry firm Calcivis said on Friday it closed a £3.15 million equity funding round from existing investors Archangel Investors, Julz and the Scottish Investment Bank….

Royal Bank of Scotland on Friday reported an operating profit before tax of £1.8 billion for the first half of 2018, a figured that included an…

Glasgow-based sausage skin and collagen products firm Devro said its revenue for the six months ended June 30, 2018, slipped to £120.2m from £125.2m in the first half of…

Scotland’s Auditor General Caroline Gardner has found in a new report that Transport Scotland’s management of the Forth Replacement Crossing project “delivered value for money…

Edinburgh-based Circularity Capital LLP, the private equity firm that invests in growth stage European firms, said it invested €4m in Grover, a Berlin-based business that focuses…

Scotch Whisky tourism saw record numbers of visitors in 2017, with 1.9 million visits to Scotch Whisky distilleries and spending at visitor centres up 15.6% to…

Cumbernauld-based Irn-Bru maker A.G. Barr said in a trading update its revenue for the 26 weeks ended July 28, 2018, is expected to be around £136…

Shares of Glasgow-based Aggreko, the world’s largest temporary power firm, rose more than 10% after it said revenue rose 10% to £857 million in the six…

Scottish Rugby announced that head coach Gregor Townsend has extended his contract with the Scotland national team until 2021, together with extensions for his coaching…

The UK’s Financial Conduct Authority (FCA) said on Tuesday it will not take any action against Royal Bank of Scotland or its former executives for…

Glasgow-based engineering giant Weir Group said on Tuesday its revenue for the the six months to June 30, 2018, rose 15% to £1.062 billion and profit before…

Shares of Elgin-based housebuilder Springfield Properties rose about 5% on Monday after it said it secured 400 acres of zoned land in Livingston, West Lothian,…

Clydesdale and Yorkshire Bank owner CYBG, which is buying Newcastle-based Virgin Money for roughly £1.7 billion, said on Monday its third-quarter trading was in line with its…

Global fund manager Fidelity International announced it hired Anne Richards as chief executive officer from M&G Investments. Richards, currently CEO of M&G Investments, will join…

Edinburgh-based health tech firm snap40 said it has secured $8 million in seed financing led by ADV with participation from MMC Ventures. “Total funding to date is…

TSB — owned by Spain’s Banco Sabadell — said on Friday its recent IT meltdown contributed to a statutory loss before tax of £107.4 million in…

Dundee-based investment firm Alliance Trust plc said on Thursday it has received “a number of expressions of interest” in buying its Alliance Trust Savings (ATS) business….

Edinburgh-based funds platform Nucleus Financial Group Limited said its shares started trading on AIM on Thursday at a placing price of 183p, giving the firm…

Newcastle and Edinburgh-based Virgin Money, which is being bought by Clydesdale and Yorkshire Bank owner CYBG for around £1.7 billion, said on Thursday its underlying profit before…

Edinburgh-based John Menzies plc said on Thursday it agreed to sell Menzies Distribution, its print media division, to investment funds managed by private equity fund Endless…

ScottishPower, a subsidiary of Basque giant Iberdrola, said on Wednesday earnings (EBITDA) from its generation and supply business soared 306% to £165.8 million in the first half of…

Aidan O’Carroll has been named as the new chair of the Institute of Directors (IoD) in Scotland. A senior partner at EY in Scotland, O’Carroll…

The Dentsu Aegis Network has acquired Edinburgh-based creative agency Whitespace. Financial terms of the deal were not immediately disclosed. The 65-strong Whitespace team will become…

Renewable energy trade association RenewableUK welcomed the announcement by the UK’s Department for Business, Energy and Industrial Strategy on new auctions “to secure renewable energy…

Perth-based transport giant Stagecoach confirmed on Monday it has partnered with Falkirk-based bus manufacturer Alexander Dennis Limited (ADL) and technology company Fusion Processing to produce…

Scottish Rugby said on Monday it achieved record turnover of £57.2 million over the 2017-18 season, an 11% increase on the previous season and “equating…

Barclays on Monday announced plans to develop a new campus at Buchanan Wharf in Glasgow city centre, creating up to 2,500 jobs, which will provide…

The number of overseas tourists visiting Scotland rose 16.9% to a record 3.2 million in 2017 and their expenditure increased by 23% to a record…

RBS said it appointed Bruce Fletcher as its new group chief risk officer, subject to final regulatory approval. Fletcher is currently chief risk officer for…

UPDATE 4 — RBS said on Friday it is writing to “all remaining eligible UK customers” to provide three months’ notice that the complaints process…

The number of people moving home in Scotland has returned to levels last seen in 2016 following a brief growth spell last year, with only…

Decom North Sea, the membership organisation for the oil and gas decommissioning sector, said it appointed former ConocoPhillips executive John Warrender as its chief executive,…

Shares of East Kilbride-based Goals Soccer Centres fell almost 20% after it said its results for the full year are expected to be “materially below market expectations, due…

Perth-based energy giant SSE said in a trading statement ahead of its AGM that a combination of “dry, still and warm weather” and persistently high…

BP said on Wednesday that one of the North Sea’s most important developments — the Eastern Trough Area Project (ETAP) — will continue to produce…

Edinburgh-based asset management giant Standard Life Aberdeen said on Tuesday the proposed initial public offering (IPO) of its associate business in India, HDFC Asset Management Company…

Creative Scotland said Janet Archer is stepping down from her role as chief executive after five years. No reason was given for the departure. An inquiry…

Shares of Aberdeen-based bus and rail giant FirstGroup plc rose on Tuesday after it said it is “examining all appropriate means to mobilise the considerable…

Aberdeen Standard Investments said its real estate team has now fully let the entire south side of St Andrew Square in Edinburgh. In a deal…

New research by PwC says artificial intelligence (AI) is expected to create a net benefit of 15,000 jobs in Scotland by 2037. In its latest UK…

Glasgow-based cloud computing firm Iomart Group plc said its finance director Richard Logan is to retire after 12 years of service and he will be…

The UK Space Agency has selected the A’Mhoine Peninsula near Tongue in Sutherland on the north coast of Scotland for the first vertical launch site….

Glasgow-based engineering giant Weir Group said on Thursday it completed the acquisition of Portland, Oregon-based ESCO Corporation for an estimated enterprise value of $1.28 billion. Weir’s main markets…

Scottish law firm Brodies LLP said revenues grew to £68.59 million in its financial year to April 30, 2018, from £66.68 million in 2016-17. Brodies…

Scottish-born John Giannandrea, from Bridge of Allan, has been appointed Apple’s Chief of Machine Learning and Artificial Intelligence (AI) Strategy, reporting to CEO Tim Cook. “John…

The UK’s Oil and Gas Authority (OGA) has launched the 31st Offshore Licensing Round — offering blocks in “frontier areas” of the UK Continental Shelf (UKCS)…

Scottish private sector business activity in June rose at the quickest pace since August 2014, with job creation running at the quickest pace since February…

Shares of Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, rose about 12% on Tuesday after it issued a trading update for the year ended…

France’s Total is preparing to sell about a third of its stake in the Laggan Tormore gas field west of Shetland along with other oil…

Edinburgh-based upmarket home builder Cala Group, now 100% owned by Legal & General, said on Monday Kevin Whitaker, currently one of two regional chairs, will become Cala…

Aviva Investors said on Monday it hired eight fund managers from Standard Life Aberdeen to work in its new Edinburgh office. The new hires will…

The financial services industry now employs 161,000 people in Scotland and contributes 8.9% of gross value added to the Scottish economy, according to a new…

Wheatley Group — Scotland’s biggest social landlord — has unveiled £185 million of new funding from the European Investment Bank (EIB) to help build and…

Edinburgh-based LendingCrowd said on Thursday it delivered a record £13.9 million of lending in the first half of 2018 compared with £4.9 million for the same period…

BP said on Wednesday it will significantly increase its holding in the giant Clair field, 47 miles west of Shetland. “BP has entered into an agreement to…

A planning application has been submitted by Glasgow Harbour Ltd on behalf of Peel Lifestyle Outlets — a division of Peel Land and Property Group…

Cefetra Ltd, the largest agricultural trading company in Scotland, has signed a long-term contract with Forth Ports to use the Port of Rosyth and turn…

Grangemouth refinery operator Ineos said it has approved a €2.7 billion capital project to build “both a world scale ethane cracker and a PDH (Propane…

Kirkcaldy-based shopfitter and interiors company Havelock Europa said London-based private investment firm Rcapital has backed Havelock with a deal that “secures over 300 jobs and…

Scotland’s small and medium-sized enterprises (SMEs) are cautious about the role of digital skills in helping their growth, according to new YouGov research commissioned by…

Edinburgh-based funds platform Nucleus Financial Group Limited on Monday confirmed recent speculation by announcing its intention to apply for admission of its ordinary shares to trading…

Scotland’s food and drink sector generated £13.9 billion in turnover in 2016, a rise of 3.9% on the previous year and the highest annual growth…

UPDATE 2 — Edinburgh-based funds platform Nucleus Financial, which counts hundreds of independent financial advisers among its shareholders, is set to float on AIM next…

Energy regulator Ofgem said on Thursday that Perth-based energy giant SSE has paid £190,000 in compensation to customers over failures following its withdrawal of a…

Aberdeen-based oil and engineering giant Wood plc on Thursday reported first-half revenue growth across its business and said it anticipates delivering first half revenue of…

Perth-based bus and rail giant Stagecoach said it cut its dividend after its adjusted annual profits fell and the firm took an £85.6 million hit from…

Latest data published on Wednesday shows Scotland’s gross domestic product (GDP) grew 0.2% in the first quarter of the year compared to 0.1% growth for…