Scottish Financial Review

Grimsby-based Young’s Seafood Limited confirmed on Tuesday that it is proposing to close its Young’s Pinneys plant in Annan, near Dumfries, with the potential loss of…

Sanjeev Gupta’s GFG Alliance said it is set to invest a further £60 million in Scottish hydro-power after completing the purchase of Green Highland Renewables….

The new interim managing director of CalMac Ferries has warned passengers that the operator’s “ageing fleet” could cause problems as it prepares for its busiest ever…

Selkirk-based Oregon Timber Frame Limited has completed a buy-out of its non-management shareholders including the 15% stake in the business held by its largest external…

Glasgow-based cloud computing firm iomart Group plc said in a trading statement for the year ending March 31, 2018, that it expects to show revenue growth…

Perth-based energy giant SSE said on Thursday its plan to demerge its household energy and services business in Great Britain with Innogy subsidiary Npower to form a…

Renewable electricity generation in Scotland increased by 26% last year, making 2017 a record year, the Scottish government said. For the first time ever, Scotland…

Royal London said its new life and pensions business soared 38% to £12 billion and funds under management rose 14% to £114 billion in 2017. The mutual…

AIM-listed chemistry company Cronin Group, which has a research relationship with the University of Glasgow, announced a 2017 loss of of £1.46 million after tax and said…

Edinburgh-based LendingCrowd said it secured an external funding round of £2 million following a strong 2017 for the peer-to-peer (P2P) lender, with the proceeds earmarked for…

Scottish Rugby said it extended the contract of chief executive Mark Dodson beyond the Rugby World Cup 2023 in France. Scottish Rugby said its turnover…

Scotland’s Auditor General Caroline Gardner warned in a new report that recruiting the skilled staff required for the Scottish government’s new financial and social security…

Scotland’s chief statistician on Wednesday released figures for gross expenditure on research and development (GERD) in Scotland in 2016. The figures show GERD in Scotland…

The University of Strathclyde’s Fraser of Allander Institute (FAI) has warned that the Scottish government’s focus on following a “single, unified approach to the economy”…

Edinburgh-based Frontier IP said its revenue increased 41% to £1.19 million and profit before tax increased 67% to £524,000 in the six months to December 31. Frontier…

Royal Bank of Scotland said on Tuesday it agreed to acquire Edinburgh-based accounting software firm FreeAgent for about £53 million. The offer price of 120p in…

Shares of Cumbernauld-based Irn-Bru maker A.G. Barr rose more than 3% after it said its profit before tax increased 4.2% to £44.9 million on revenue up 8%…

The chairman of UK Financial Investments (UKFI), the agency overseeing the sale of the UK government’s stake in Royal Bank of Scotland, told MPs UKFI…

Ellon, Aberdeenshire-based craft brewing firm BrewDog announced it bought Draft House, which has 14 bars across London and the South East of England. Alongside his…

Apache Corporation announced a “significant oil discovery” at the Garten prospect in the UK sector of the North Sea that could recover more than 10 million…

The Scotch Whisky Association (SWA) has set out its priorities for the Scotch industry as a “Brexit transition” agreement is discussed by EU leaders. The…

Forth Ports’ Capital Cruising business, which runs six cruise terminals across the UK including Edinburgh and London, has appointed Chris Alexander to a new role…

The head of the UK government agency in charge of selling the taxpayer’s 70% stake in Royal Bank of Scotland is to quit his job…

A new specialist recruitment facility will bring 200 jobs to Glasgow this year. The Centre of Excellence is being opened by recruitment firm SThree, which…

Emergency legislation “to protect Scotland’s devolved powers” has been passed by a margin of 95 votes to 32 by the Scottish Parliament. “The new legislation will…

Forestry in Scotland is to be fully devolved to the Scottish Parliament for the first time after MSPs backed the Forestry and Land Management (Scotland) Bill….

Forth Ports, the UK’s third largest ports group, said it appointed Ann Rooney as its new business development manager to focus on oil and gas…

Edinburgh-based fund management giant Baillie Gifford said it successfully raised gross proceeds of £173 million for the launch of its Baillie Gifford US Growth Trust….

Royal Bank of Scotland is still hoping to reach a multi-billion-dollar settlement this year with the US Justice Department over alleged mis-selling of toxic mortgage-backed securities….

Glasgow-based Beeks Financial Cloud Group, a cloud provider for institutional capital markets, announced its entry into the cryptocurrency market via a collaboration with New York-based…

Forth Ports said it has been given Authorised Economic Operator (AEO) accreditation by Her Majesty’s Revenue and Customs (HMRC) for its major ports on the…

A new report from trade group Oil & Gas UK said that more new North Sea investment is expected in 2018 than the last three…

Virgin Money and Aberdeen Standard Investments announced on Tuesday they agreed in principle to enter into a new strategic joint venture for the provision of asset…

Shares of Aberdeen-based oil and engineering giant Wood Group fell about 5% on Tuesday after it said the company’s 2017 earnings before interest, tax and amortization (EBITA)…

The UK Shareholders’ Association (UKSA) and ShareSoc said Royal Bank of Scotland has confirmed that a resolution on the creation of a shareholder committee will be…

The Scottish government said First Minister Nicola Sturgeon will visit China next month “to promote the growing economic, cultural and educational links between Scotland and…

Royal Bank of Scotland (RBS) is working on “secret plans” to create a standalone digital bank, according to a Sky News report. RBS has assigned…

International law firm Pinsent Masons announced the sale of Cerico, its Glasgow-based online compliance solutions business, to business and financial information firm Dow Jones for…

Standard Life Aberdeen’s head of distribution Campbell Fleming told Money Marketing in a wide-ranging interview that Standard Life Aberdeen is optimistic that it can hold on to the…

Aberdeen Standard Investments and European investment firm 21 Partners on Friday announced the establishment of a new UK based 50:50 joint venture (JV) – 21…

The first ever direct flights from Scotland to China will begin on June 12 following the announcement in Beijing that Hainan Airlines will deliver the…

Sanjeev Gupta’s GFG Alliance, which has already invested more than £500 million in Scotland’s metals and green energy sectors, said it is now investigating plans to…

Prudential plc announced its intention to demerge its UK & Europe business M&G Prudential from Prudential plc, resulting in two separately-listed companies “with different investment…

The Scottish government said overseas Scottish food and drink exports — led by Scotch Whisky — were worth approximately £6 billion in 2017, an increase…

Glasgow-based Smart Metering Systems (SMS) said its 2017 revenue increased 18% to £79.6 million but profit before tax slipped 2% to £18 million in a year of…

East Kilbride-based Goals Soccer Centres said on Tuesday that “unlocking the potential inherent value” within its UK estate will be the number one priority for incoming…

The North Sea operations of Edinburgh-based oil and gas company Cairn Energy helped it give an optimistic outlook amid its 2017 results on Tuesday. Cairn…

Edinburgh-based aviation logistics and news distribution company John Menzies plc said on Tuesday a “sale process” for its Menzies Distribution business “is underway.” Menzies terminated merger talks…

Legal & General Group announced that its Legal & General Capital division acquired the 52.1% of Edinburgh-based Cala Homes which it did not previously own….

The UK government’s Defence Secretary Gavin Williamson announced he is looking to “counter the Scottish Government’s income tax rise that affects thousands of armed forces…

Perth-based energy giant SSE said on Monday the proposed merger of its household energy and services business in Great Britain with Innogy subsidiary Npower Group plc should…

Equity crowdfunding platform Crowdcube has joined forces with Scottish law firm Harper Macleod to target “the huge potential for growth” in Scotland. The two organisations…

Lerwick Harbour in Shetland is set for a record year of cruise liner visitors. Over the next eight months, the Shetland port said it is…

The procurement process for a £25 million project to address mobile “notspots” in remote parts of Scotland has been announced. The Scottish 4G Infill Programme…

The average selling price of properties in some of Edinburgh’s most popular areas has increased by up to 35% over the last five years, according…

Incomes from commercial farms in Scotland increased by around 94% in 2016-17 — but this rise simply reversed an alarming decline in the previous year. According…

New York and Edinburgh-based fantasy sports firm FanDuel is in “advanced talks” to participate in a reverse merger with Platinum Eagle Acquisition Corp., a special…

A new report by estate agent Rettie & Co. showed the Edinburgh and Lothians area continued to dominate sales of Scottish homes worth £1 million or…

Aberdeen-based oil and engineering giant Wood plc said it won a new contract to develop the world’s largest crude oil to chemicals project for Saudi…

The UK supermarket regulator has launched an investigation into the Co-op Group over its treatment of suppliers. The Co-op said it had “fallen short” and that 110…

The UK’s gross pension liability across workplace and state provision grew by £1 trillion in five years to hit £7.6 trillion at the end of 2015,…

New York Attorney General Eric Schneiderman announced a $500 million settlement with Royal Bank of Scotland over the bank’s “deceptive practices and misrepresentations to investors…

The Scottish government said that NHS Scotland’s workforce is at a record high of more than 140,000 whole time equivalent (WTE) staff. The number of…

The UK government’s Scottish Affairs Committee has written to RBS CEO Ross McEwan “with a final request to set a date to appear before the committee.”…

Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, said its revenue increased 16% to $31.1 million and profit before tax increased 16% to $8.7 million…

Shares of Glasgow-based Aggreko, the world’s largest temporary power firm, fell about 4% after it said its 2017 revenue before exceptional items rose 4% to of…

Aberdeen-based drilling and engineering contractor KCA Deutag (KCAD) said it agreed with the shareholders of Dalma Energy LLC to combine their respective businesses through the…

Houston, Texas-based Oceaneering International, Inc. said one of its subsidiaries acquired Aberdeen-based Ecosse Subsea Limited, the provider of offshore engineering, seabed preparation, route clearance and…

North Sea oil and gas production over the period 2016–2050 is now projected to total 11.7 billion barrels of oil equivalent (boe) — 2.8 billion…

Royal Bank of Scotland is edging towards a multi billion-dollar settlement with the US Department of Justice (DoJ) over its mis-selling of toxic mortgage-backed securities —…