Scottish Financial Review

Entrepreneurs and innovators from across the Glasgow area have started gathering for the first-ever Tech Week in Scotland. Taking place May 13-18, Glasgow Tech Week…

The University of Glasgow said a £3 million grant will help it to build one of the UK’s most advanced research facilities for silicon chip integration…

Phoenix Group Holdings plc, owner of Standard Life, announced that Rakesh Thakrar will step down from his position as group chief financial officer (GCFO) at…

Haventus, the energy transition facilities firm and owner of Ardersier Port east of Inverness, said it has secured a £100 million joint credit facility from…

The headline Royal Bank of Scotland Business Activity Index rose from 53.6 in March to 53.8 in April, signalling the sharpest rise in Scottish private…

LGT Wealth Management announced that it has moved its Scotland office to a new headquarters in Edinburgh at Capital Square on Morrison Street, one of…

The University of Glasgow is to lead a consortium with support from the universities of Edinburgh, Sheffield, Stirling, Strathclyde, York and King’s College London to develop…

Training and learning technology firm 3t has issued $100 million of bonds on the Norwegian Stock Market to fund planned strategic acquisitions. 3t works in…

The £400 million North American Income Trust plc announced it has provided notice to terminate Abrdn as its fund manager and agreed to appoint Janus Henderson…

Paul Lawrence has been confirmed as the new chief executive of the City of Edinburgh Council. Councillors have approved a report recommending his appointment. The role has…

The UK’s Royal Academy of Engineering has launched a major new initiative to support engineering and technology entrepreneurs to start and grow businesses in Scotland….

Vicki Miller, Director of Marketing and Digital at VisitScotland, has been appointed as the national tourism organisation’s new chief executive officer. She will take over…

Aberdeen-based engineering and consulting giant John Wood Group plc said on Thursday its order book at March 31, 2024, was $6.2 billion, up 9% compared…

The CEO of Scottish Financial Enterprise (SFE) has urged new First Minister John Swinney to “put economic growth front and centre of his government’s agenda.”…

Kate Forbes has been appointed Deputy First Minister by new First Minister John Swinney. Forbes has been a Member of the Scottish Parliament (MSP) for…

John Wood Group plc, the Aberdeen-based engineering and consulting giant, announced on Wednesday it rejected an “unsolicited, preliminary and conditional” takeover proposal from Dubai-based engineering and…

TSB, the UK banking business of Spain’s Sabadell, is planning 250 job cuts and 36 branch closures. Sabadell has just turned down a takeover offer…

BrewDog co-founder and CEO James Watt announced he will step down as chief executive officer and move to a new role as “Captain & Co-Founder”…

The “relentless negativity” about UK-focused equity funds was undiminished in April as outflows totalled £665 million, taking the cumulative withdrawal of capital to £21.3 billion…

Scotland’s Gross Value Added (GVA) is expected to rise by 0.4%, down from previous forecast of 0.7%, but longer-term prospects remain encouraging, according to the…

Standard Life, part of Phoenix Group, said it has concluded the transition of over £1.6 billion of assets from the Siemens Investor Plan, following a…

2i Testing, the Edinburgh-based quality assurance and software testing consultancy, said it has secured eight-figure funding from London-based private equity firm Rockpool Investments as it aims…

Shares of Macfarlane Group, the Glasgow-based packaging, design and distribution firm, fell as much as 10% after it published an AGM trading update covering 2024…

Savills has reported that Central Scotland continues to see the strongest market activity in UK forestry transactions. However, the total value of the UK forestry investment…

Scotch whisky and drinks giant Diageo plc announced that Nik Jhangiani will join the company as chief financial officer (CFO), taking up the position and joining…

Aberdeen-based ROVOP, a global supplier of remotely operated vehicles (ROV) services to the energy sector, announced that it has been acquired by Louisiana-based Chouest. ROVOP…

The UK Infrastructure Bank (UKIB) has announced a £25 million direct equity investment into Invinity Energy Systems plc, a manufacturer of vanadium flow batteries to…

A new report from the Institute for Government think tank has warned that whoever wins the UK general election should “launch a one-year spending round” within…

Beeks Financial Cloud Group plc, the Glasgow-based cloud computing and connectivity provider for financial markets, has announced a big push in the Asia-Pacific region with the hiring…

KPMG has released its first ever report on the state of the Scottish Economy, predicting “slow but steady growth” over the next two years. The…

Glasgow media firm STV Group plc announced that its CEO Simon Pitts will leave the company on November 1, 2024. STV had revealed in March that…

Aberdeen-based engineering and consulting giant John Wood Group plc has been awarded a new decarbonisation contract by TotalEnergies (TEPUK) to support flare gas recovery in the…

Elgin-based house builder Springfield Properties plc announced that it has signed a new contract worth £10.1 million with Moray Council for the delivery of affordable…

The Scottish National Investment Bank (SNIB) and the UK Infrastructure Bank (UKIB) said they have signed a Memorandum of Understanding (MOU) “that cements their close working…

Financial mutual firm Scottish Friendly said it has appointed John McGuigan as its new chair, as well as announcing two new non-executive directors. McGuigan also…

Energy giant Drax said it will invest £80 million in a major refurbishment of its iconic “Hollow Mountain” Cruachan pumped storage hydro power station near…

EIE24, the investment event for the technology entrepreneurial ecosystem, returns to Edinburgh on Tuesday after a two-year break. Taking place over two days, EIE24 will…

Royal London Asset Management announced the restructuring of its global equity team with immediate effect following the resignation of head of equities Peter Rutter and…

Edinburgh-based investment giant Abrdn has completed the sale of its £7.4 billion-asset European headquartered private equity business to Nasdaq-listed Patria Investments for up to £100 million….

Glasgow-based Nebu-Flow said it has secured an additional $5.9 million of investment to accelerate the next generation of inhaled drugs for patients with respiratory disorders. The…

Scotland’s First Minister Humza Yousaf has announced that he will stand down as soon as a successor has been elected. Speaking at a news conference at…

London’s Financial Times, owned by Nikkei Inc of Japan, has announced a “strategic partnership and licensing agreement” with ChatGPT owner OpenAI. The FT said the…

Aberdeen-based global engineering and consulting giant John Wood Group plc said it has appointed Jennifer Richmond as chief strategy officer (CSO). Richmond joined Wood in 2022 as…

Sweden-based bank Handelsbanken has appointed Kevin Hulse as its first Corporate Manager – Business Development for Edinburgh. This is a first for the 150-year-old bank, which…

Shares of NatWest Group plc — formerly called Royal Bank of Scotland — rose as much as 6% after the company published first-quarter results showing…

Aberdeen-based global engineering and consulting giant John Wood Group plc said it has been awarded a contract by Antofagasta Minerals S.A (AMSA) for its Nueva Centinela copper…

Financial mutual Scottish Friendly has reported record sales of £51.1 million annual premium equivalent (APE) for 2023, up from £47.7 million in 2022 . Assets…

Mutual fund giant Franklin Templeton is launching a “Catholic principles” exchange traded fund (ETF) which aims to provide exposure to large and mid-cap stocks of…

First Minister Humza Yousaf confirmed on Thursday that the Scottish Government’s formal co-operation agreement with the Scottish Green Party has ended. The Scottish Conservatives said…

Savings balances grew 17% in the last 12 months to a record £490 million at Scottish Building Society, the world’s oldest remaining mutual. The organisation’s…

London-based asset management giant Schroders plc announced that Peter Harrison, 57, has signalled his intention to retire as group CEO next year, after a decade…

Italian energy firm Eni S.p.A. announced that it has reached an agreement to merge “substantially all” of its upstream assets in the UK with Aberdeen-headquartered Ithaca…

Edinburgh-based investment giant Abrdn said its first-quarter assets under management and administration (AUMA) rose 3.7% to £507.7 billion at March 31, 2024. Abrdn said its performance benefited…

NatWest chair Rick Haythornthwaite said on Tuesday the British government’s plans to sell its remaining stake in NatWest — the bank formerly known as Royal…

The latest KPMG Private Enterprise Venture Pulse report reveals that 19 firms in Scotland shared £98 million in venture capital (VC) investment in the opening…

The Scottish National Investment Bank said it has committed a further £20 million to the Mid-Market Rent (MMR) strategy (New Avenue Living) managed by Thriving…

Funding platform Ferovinum and The Borders Distillery Company Limited in Hawick have agreed a £35 million funding package to support the distillery for the next…

UK central government borrowing in the financial year ending March 2024 was provisionally estimated at £120.7 billion, £7.6 billion less than in the same 12-month…

Aberdeen-based global engineering and consulting giant John Wood Group plc announced that Catherine Michel will join Wood’s board as a non-executive director on May 10, 2024, following…

The Chartered Institute for Securities & Investment (CISI) announced that Jonathan Gibson and Shaid Moughal are the new co-presidents for the CISI Scotland committee. They…

More than one million faster broadband connections have been delivered to homes and businesses across Scotland amid £1 billion of publicly-driven investment, the Scottish Government…

The British Business Bank’s Investment Fund for Scotland has agreed £5 million of deals to support the growth of small businesses just six months since…

Growth capital investors BGF (Business Growth Fund) has announced a £2.5 million follow-on investment in Edinburgh-based Hyble, a provider of marketing technology to the global…

Alliance Trust plc, the £3.9 billion Dundee-headquartered fund, announced that its external investment manager Willis Tower Watson (WTW) has appointed a new stock picker for…

Eva Cairns has joined Scottish Widows as Head of Responsible Investments and Stewardship. Cairns joins Scottish Widows after 13 years with Abrdn, where most recently…

Scottish businesses want any future UK government to tackle labour and skills shortages, reduce UK business taxes and invest more in infrastructure, according to the latest Addleshaw…

Forres-based spaceflight company Orbex said it has raised £16.7 million from six backers in an update to its Series C funding round. Orbex has headquarters and production facilities…

Edinburgh-based oil and gas firm Capricorn Energy announced that Craig van der Laan, its non-executive chair since February 2023, has decided not to stand for re-election…

RenewableUK, the Offshore Wind Industry Council, The Crown Estate and Crown Estate Scotland have published a detailed Industrial Growth Plan (IGP) setting out “how to…