Scottish Financial Review

Aberdeen-based Faroe Petroleum, the independent oil and gas company focused on Norway and the UK, said it has mandated Danske Bank, DNB Markets and SEB to…

The Scotch Whisky Association said that cutting tax on Scotch Whisky in the Budget will give Chancellor Philip Hammond an extra £200 million to spend…

The latest State of the Economy paper published by Scotland’s Chief Economist, Dr Gary Gillespie, shows a strong first half of 2017. It sets out the…

Edinburgh-based pensions, investment and insurance firm Aegon UK said on Thursday its platform assets reached a record high of £110 billion in the third quarter and…

Three bedroom houses in the south-west suburbs of Edinburgh experienced some of the highest increases in average selling prices between August and October of this year amid a…

EU nationals working in Scotland contribute an average of £34,400 each to gross domestic product – more than £4.4 billion a year – according to…

The Scottish government said the number of businesses in Scotland is at its highest level since records began. Official statistics show there were 365,600 private…

The latest IHS Markit Report on Jobs data for Scotland indicated a further improvement in labour market conditions — with the number of people placed…

Johnston Press said it has been advised that the requisition notice it received on November 6 from major Johnston shareholder Custos Group AS for a…

Perth-based energy giant SSE said it agreed to demerge its household energy and services business in Great Britain with Innogy subsidiary Npower Group plc to…

Johnston Press announced it received a letter from major shareholder Custos Group AS requisitioning a general meeting of the company’s shareholders. Custos is run by Norwegian…

Mainstream Renewable Power said it finally received the go-ahead for the 450 megawatt, £2 billion Neart na Gaoithe offshore wind farm off the coast of Fife. Work is…

Perth-based energy giant SSE and German rival Innogy are in talks about merging their UK retail energy businesses to create a listed company that would challenge British…

The Scottish Council for Development and Industry announced a number of key appointments to its board — including Scotch Whisky Association CEO Karen Betts and Clyde Blowers…

The Scottish Salmon Producers Organisation (SSPO) said in its latest Scottish Salmon Economic Report that employment in the Scottish salmon farming industry rose 13% to 2,472…

Speculative office development in Scotland has ground to a halt again — except selected schemes in Edinburgh, where vacancy continues to fall — according to…

The fund managers who run Edinburgh-based Baillie Gifford’s flagship £6 billion fund, the Scottish Mortgage Investment Trust plc, are making new investments in cutting-edge healthcare companies that…

Edinburgh needs to focus more on opportunities outside its immediate boundaries in order to continue to meet the ever-growing demand for homes, offices and hotels…

The Bank of England — the UK’s central bank — raised interest rates for the first time in more than 10 years on Thursday but…

Income tax in Scotland should “protect low earners, be progressive, proportionate to the ability to the pay and support the economy,” First Minister Nicola Sturgeon…

Former First Minister of Scotland Alex Salmond has joined a “plot” to “topple” the board and senior management of news publisher Johnston Press, owner of…

Industry trade association Oil & Gas UK hailed two big North Sea deals completed within the past 24 hours as “hugely significant” that point to…

Shell said it completed the sale of a package of UK North Sea assets to independent firm Chrysaor for up to $3.8 billion. Harbour Energy,…

The Student Awards Agency Scotland (SAAS) provided support of £834.8 million to students in higher education in 2016-17 — an increase of 3.6% — according to…

Grangemouth refinery operator Ineos said it completed the acquisition of the North Sea Forties Pipeline System (FPS) and Kinneil Terminal from BP. “The completion of the…

The UK’s petroleum reserves remain at a “significant level” which could sustain production for at least the next 20 years — and beyond that if…

Shares of Glasgow-based engineering giant Weir Group fell almost 7% after it said in a trading statement it expects operating profits to be slightly lower than…

House prices in places just 30 minutes rail travel time from Edinburgh — including Dunbar, Falkirk and Livingston — are, on average, 36% lower than…

Scotch whisky exports increased in value by 3.4% in the first half of the year to £1.8 billion, boosted by the continuing growth in popularity…

Scotland’s First Minister Nicola Sturgeon has written to UK Prime Minister Theresa May to seek clarity on plans for a transition arrangement as the UK…

Royal Bank of Scotland on Friday reported a profit before tax of £871 million and an attributable profit of £392 million for the third quarter…

Royal Bank of Scotland Group has agreed to pay more than $44 million and enter a non-prosecution agreement to settle a US Department of Justice criminal…

Audit Scotland’s annual review of the NHS said the health budget was £12.9 billion in 2016-17  — 43 per cent of the total Scottish Government budget…

The Scottish Government said growth in Scotland’s population will slow significantly if levels of EU migration are reduced. New figures from the National Records of…

The UK Government’s Scottish Secretary David Mundell confirmed in the House of Commons that the new Scottish Business Taskforce of economic and business leaders will meet…

Edinburgh is the fastest growing city in the UK for house price inflation, with Glasgow not far behind, according to the Hometrack UK Cities House Price…

Edinburgh and Newcastle-based Virgin Money is set to be the only company in the FTSE 350 with an all-female leadership after the bank confirmed it…

Royal Bank of Scotland Group (RBS) said it agreed to sell its shareholding in Euroclear plc — Europe’s biggest settlement house for securities — to…

The CEO of Edinburgh and Newcastle-based Virgin Money, Jayne-Anne Gadhia, has supported calls for a “ministerial board” that champions the economic benefits of gender diversity….

The UK’s Financial Conduct Authority (FCA) has published its interim report into the treatment of small businesses by Royal Bank of Scotland’s Global Restructuring Group…

Economy Secretary Keith Brown announced the planned creation of 43 new jobs by Glasgow-based BioClavis as part of a £10.5 million investment supported by Scottish…

The Scottish government said the £428 million Digital Scotland Superfast Broadband (DSSB) scheme is on track to meet its target of 95% coverage by the…

Work to establish a Scottish National Investment Bank has started with the launch by First Minister Nicola Sturgeon of a public consultation on the details…

More than £209 million of public money was spent on Scotland’s ferry services and assets in 2016-17, an increase of 115% since 2007-08, according to new…

Aberdeen-based oil and gas engineering services company Plexus Holdings announced the sale of its wellhead exploration equipment and services business for Jack-Up applications to FMC…

Standard Life’s financial planning business 1825 said it agreed to acquire Bristol-based Fraser Heath Financial Management, which has assets under advice of £352 million. After…

Hywind Scotland, the first floating wind farm in the world, has started to deliver electricity to the Scottish grid. First Minister Nicola Sturgeon officially opened…

Gemini Therapeutics — co-founded by two University of Edinburgh scientists — announced it completed a $42.5 million Series A financing round “to advance multiple programs into…

Scotland’s unemployment rate rose 0.3% to 4.1% in the June to August quarter — but is still below the UK rate of 4.3%. The number of…

The huge New Waverley Edinburgh office development — located between the Royal Mile and Calton Road in the Scottish capital’s Old Town — has been sold…

Shares of Newcastle and Edinburgh-based challenger bank Virgin Money rose about 5% after it gave investors a positive trading update and outlook for rest of…

Shares of Alva-based Omega Diagnostics Group rose about 6% after it said it signed a supply agreement with an unnamed US-based company offering laboratory testing services “specialising…

Elgin-based housebuilder Springfield Properties said its shares started trading on London’s secondary AIM market. Springfield said its IPO raised £25 million before costs and expenses…

Scottish Widows’ owner Lloyds Banking Group (LBG) is “believed to be in advanced talks” with Standard Life Aberdeen to buy Standard Life’s corporate pensions business…

Dundee-based media and publishing giant DC Thomson said it will partner with Edinburgh-based Electronic Research Interchange (ERIC) “to develop its bespoke investment research offering for…

BAM Properties and Hermes Investment Management announced they will develop what is currently Edinburgh’s largest speculative office development. Capital Square, designed by architects Hurd Rolland,…

First Minister Nicola Sturgeon has revealed she will host Scotland’s first-ever Arctic Circle Forum in Edinburgh in November. She made the announcement in Reykjavik, Iceland, at the…

Exports of goods from Scotland increased 21% to £27.1 billion in the year to the end of June, according to new statistics from HMRC. The…

The Scottish Government said there was an 11% increase in trips to Scotland by international travelers in the 12 months to the end of June 2017…

Scottish Widows owner Lloyds Banking Group (LBG) and Zurich announced a strategic deal under which LBG will acquire Zurich’s UK workplace pensions and savings business…

East Kilbride-based Goals Soccer Centres said its CEO Mark Jones “notified the board of his intention to resign from the board and the company as he has…

Sales of Scotch Whisky in the UK have fallen by one million bottles after UK finance minister Philip Hammond hiked spirits tax in his March…

Aberdeen-based energy and engineering services giant Wood Group said it was awarded a new multi-million dollar contract by Total to support its Lindsey Oil Refinery located…

Glasgow-based fashion firm Quiz said in a trading update it enjoyed a 35% increase in group revenue to £56.1 million in the six month period to…

First Minister Nicola Sturgeon told the SNP conference that Scotland will set up a publicly-owned, not-for-profit energy company by 2021 to increase competition and choice…

The Scottish Government said spending on childcare will double to £840 million a year by 2021-2022 in a bid to “transform the life chances of…

Investment bankers are preparing for the UK government to sell a stake in Royal Bank of Scotland worth about £3 billion after RBS has cleared…

Sanjeev Gupta’s metals and industrials business Liberty House Group said it took another step towards its ambition of rejuvenating bicycle manufacturing in the UK by…

Statoil and its partners have made an oil discovery in the outer Moray Firth on the UK Continental Shelf of between 25 million and 130 million barrels…

September’s Bank of Scotland PMI survey signalled a modest expansion in Scottish private sector output, with the rate of growth unchanged from that seen in August….