Scottish Financial Review

Edinburgh-based online travel search company Skyscanner is exploring “strategic options” including a possible sale of the firm, an initial public offering (IPO) or more fundraising, according to…

Edinburgh-based Standard Life said it will conduct a review of all of its non-advised annuity sales from July 2008 to identify “whether our customers received sufficient…

The UK government’s Office for Budget Responsibility (OBR) is preparing to write down the value of taxpayers’ stake in Royal Bank of Scotland for the second time…

Aberdeen-based Faroe Petroleum, the independent oil and gas company, announced an oil and gas discovery at the Njord North Flank in the Norwegian Sea, in…

The flagship Scottish Design Galleries in the new V&A Dundee will be designed by the internationally acclaimed London-based practice ZMMA. ZMMA’s ongoing projects include the National Museum…

The Scottish Cities Alliance (SCA) will attend the UK’s leading real estate event MIPIM UK next week to tell UK and foreign investors that it has a £7.5 billion…

The Scottish Government’s transport minister Humza Yousaf has warned in a newspaper interview that Dutch firm Abellio’s £7 billion contract to run ScotRail could be terminated if…

The Scottish Government has given consent for the construction of the 22 turbine Creag Riabhach wind farm on the Altnaharra Estate, near Lairg in the north Highlands….

Perth-based energy giant SSE said it agreed to sell a 16.7% equity stake in Scotia Gas Networks (SGN) to the Abu Dhabi Investment Authority (ADIA) for about…

Royal Dutch Shell has invited binding bids from companies including Grangemouth refinery owner Ineos and Blackstone-backed Siccar Point Energy for the sale of some of its…

Scotch Whisky Association (SWA) chief executive David Frost has urged the UK government to put transitional arrangements in place that minimise trade disruption should the UK leave…

The new Scottish Land Commission — a crucial part of the controversial Land Reform (Scotland) Act 2016 — is to be based in Inverness, the Scottish…

Babcock International Group said it was awarded a contract from General Dynamics Electric Boat to manufacture 22 tactical missile tube assemblies for the UK Successor and…

Glasgow-based Collagen Solutions, a manufacturer of medical grade collagen biomaterials, said in a trading statement it expects its revenue and other income to be £1.9 million for the…

North Sea exploration firm EnQuest has proposed a complex financial restructuring which it said it agreed with its key stakeholders “following an extensive period of…

International tourists visiting Scotland spent more than £500 million in the second quarter of the year for the first time — even though the overall number of…

Wells Fargo & Company said its chairman and chief executive John Stumpf is retiring from the bank, effective immediately — following the scandal in which bank…

Professor John Finch has been confirmed as Head of the Adam Smith Business School at the University of Glasgow following a period as interim Head of…

Edinburgh-based health tech firm snap40 said it secured £2 million in funding in what is thought to be the largest ever seed round by a Scotland-based startup….

Scottish gross domestic product (GDP) grew 0.4% in the second quarter of 2016 — compared to 0.7% for the UK — according to statistics from Scotland’s Chief…

Edinburgh-based global asset manager Standard Life Investments announced the appointment of a new team and CEO in Singapore, a big step in the firm’s global growth…

Samsung Electronics has scrapped its Galaxy Note 7 smartphone in what could become one of the most expensive product safety failures in history. Samsung had announced…

Virgin Media said it plans to connect another 360,000 homes and businesses in Scotland to its fibre optic network by the end of 2019, as part…

Standard Life, Royal Bank of Scotland, Aberdeen Asset Management, Lloyds Banking Group and Virgin Money are among the 72 firms who have signed the UK…

Royal Bank of Scotland has admitted that its Global Restructuring Group (GRG) let down some of its small and medium enterprise (SME) business customers and “should have…

Scotland’s private sector output increased for the first time in three months in September — with the rate of expansion the fastest for 14 months as…

The Scottish Government has announced its support for a third runway at London’s Heathrow Airport, saying it has secured key commitments that benefit Scotland. It said the Heathrow expansion…

UK finance minister Philip Hammond said the British government will withdraw a planned retail sale of cut-price shares in Lloyds Banking Group to the general public due…

Sterling fell to a 31-year-low early on Friday with some traders blaming a “flash crash” that was triggered by computer-generated trading. With fears growing that the UK Government will…

Brexit could lead to the loss of between 30,000 and 80,000 jobs in Scotland, according to a report by the Fraser of Allander Institute commissioned by…

The Scottish Government said it will not support underground coal gasification (UCG) developments in Scotland “following the publication of an independent report that highlights serious…

James Watt and Martin Dickie, co-founders of Aberdeenshire-based craft beer firm BrewDog, said they have legally changed their names by deed poll to Elvis in…

Scotgold, the company behind the Cononish gold and silver mine near Tyndrum, said it is hoping to make its first sales of Scottish gold “at a premium to…

Edinburgh-based global fund manager Standard Life Investments (SLI) has launched a new emerging market debt fund — and has added to its team of five emerging market debt…

Scotland’s 2016 cereal harvest is expected to fall 11% on 2015, with the country’s most important cereal crop Spring barley expected to fall 17% to 1.27…

Global debt reached an all-time high of $152 trillion in 2015 — about 225% of world gross domestic product — and could thwart the fragile recovery…

Drum Property Group said it has submitted plans to expand its Prime Four Business Park at Kingswells, Aberdeen, with a £100 million investment in a new…

Professor Fraser Stoddart, a graduate of The University of Edinburgh, was on Wednesday awarded a Nobel Prize in Chemistry. Stoddart’s award came a day after two…

Aberdeen Asset Management is among the four potential bidders still in the running to buy UniCredit’s fund management business Pioneer which has about $246 billion of assets under management,…

The Scotland-generated share of UK tax receipts fell from 8.1% in 2014-15 to 7.7% in 2015-16, according to official statistics published by Her Majesty’s Revenue and…

Finance Secretary Derek Mackay told MSPs that, subject to parliamentary approval, the Scottish Government’s 2017-18 Draft Budget will be introduced to the Scottish Parliament on…

The International Monetary Fund warned that persistent stagnation could fuel populist calls for restrictions on trade and immigration that could hamper productivity, growth and innovation around the…

Property consultants CKD Galbraith said Pam Over will succeed Tim Kirkwood as the firm’s chief executive officer from January 2017. Over is currently chief operating officer…

Glasgow-based engineering company Weir Group appointed John Heasley as chief financial officer with immediate effect. Heasley succeeds Jon Stanton who was appointed Weir Group chief executive on…

Upmarket home builder Cala Group said its revenue rose 15% to £587.1 million and profit before tax — before exceptional items — jumped 18% £60.1 million in…

Bottled water firm Highland Spring Group said sales increased 3% to £103 million and operating profit rose to £5 million in the year to December 31, 2015. Highland Spring chief executive…

Aberdeen-based oil and gas services giant Wood Group said it has established a new data analytics centre of excellence — at its office in Galway,…

Royal Bank of Scotland on Friday attempted to explain how the legal entity structure of the RBS group is expected to change over the next two years…

The value of sea fish and shellfish landed by Scottish registered vessels in 2015 fell by 15% in real terms to £437 million and the quantity fell…

The University of Glasgow is one of four UK universities to benefit from research programme grants totalling £17.7 million to develop new technologies to address the…

Scotmid Co-operative said its turnover rose £4 million to £185 million in the 26 weeks to July 30 and trading profit was in line with last year at £2 million…

Maersk Oil said that drilling of the first production well has started at the massive $4.5 billion Culzean gas development — the largest hydrocarbon discovery in the UK North Sea…

Glasgow-based Arnold Clark Automobiles, Scotland’s biggest privately-owned company, said its turnover rose 2.2% in 2015 to a record £3.35 billion. Operating profit rose 1.7% to £121.7 million…

Aberdeen Asset Management confirmed that former Cantor Fitzgerald Europe joint chief executive Gordon Neilly has joined the fund management firm as global head of strategy. Neilly reports…

Royal Bank of Scotland said it reached a final settlement with the National Credit Union Administration Board to resolve two outstanding civil lawsuits for $1.1 billion…

The World Trade Organization (WTO) said world trade will grow more slowly than expected in 2016, expanding by just 1.7%, well below the WTO’s April…

Labour MSP David Stewart said he will fight for the continuation of the Highlands and Islands Enterprise (HIE) economic agency following a report by an…

About 330,000 jobs across the UK are currently supported by the offshore oil and gas industry, down from a peak of about 450,000 jobs in 2014,…

Scotch Whisky has been registered as a certification trade mark in Taiwan in a major legal breakthrough in the fourth biggest market for Scotch by…

Cumbernauld-based soft drinks maker A.G. Barr took a swipe at the UK Government’s proposed soft drinks sugar tax as it revealed that its revenue fell…

Edinburgh-based Standard Life Investments (SLI) said it will reopen its suspended UK Real Estate Fund and associated feeder funds from 12 noon on Monday, October 17. The…

The Scottish video games industry’s development headcount grew by 25% between December 2014 and March 2016, according to trade association TIGA. This was more than…

Copenhagen-based shipping container and oil conglomerate A.P. Møller-Mærsk said it will split into two separate businesses — forming a transport and logistics company and a separate energy business that will focus…

One of Scotland’s leading headhunters said there is a dearth of suitable female candidates for senior roles in Scotland’s financial sector and that recruiting more female executives…

Clydesdale and Yorkshire Bank owner CYBG is now a possible bidder for Royal Bank of Scotland’s Williams & Glyn branch network after Banco Santander pulled out of talks…

GlaxoSmithKline announced that Emma Walmsley, currently CEO of GSK’s consumer healthcare division, has been appointed GSK’s CEO designate and will succeed Andrew Witty as CEO when he…

Glasgow-based Smart Metering Systems (SMS) said its revenue rose 25% to £32.3 million and its statutory profit before tax jumped 23% to £9.1 million in the half year ended…

Royal Bank of Scotland and Blackstone are close to selling 88 NCP car parks in a £500 million deal, according to news reports. RBS and Blackstone have agreed…

The Scottish Government has called on the UK Government to stimulate economic growth following the UK vote to leave the EU. Cabinet Secretary for Economy Keith Brown called…

Celtic plc said its group revenue increased by 1.8% to £52 million in the year to June 30 and that it made a pre-tax profit…