Scottish Financial Review

Edinburgh-based accounting software firm FreeAgent, which went public last year, said its revenue increased 41% to £8 million for the year ended March 31, but…

Glasgow-based Aggreko, the world’s largest temporary power firm, said its chief financial officer Carole Cran resigned and will take up a new role as CFO of Forth…

UPDATE 1 — Wheatley Group, Scotland’s biggest social landlord, confirmed reports that it secured a £100 million debt investment deal with BlackRock Real Assets as it drives forward…

Tern Plc, an investment company specialising in Internet of Things, announced the appointment of Scottish technology industry veteran Ian Ritchie as its non-executive chairman with effect…

Trade association Oil & Gas UK said its new blueprint for the North Sea oil and gas industry — outlining four key priorities for the next UK Government…

The Ivy Collection, the group behind the world-famous Ivy restaurant in London’s Covent Garden — will open its first restaurant in Scotland this autumn in…

Aberdeen-based bus and rail giant FirstGroup said revenue in the year to March 31 rose 8.3% to £5.65 billion and profit before tax rose 23% to £207 million, helped…

The value of exports of all UK food and drink grew to a record £4.9 billion in the first quarter of 2017 — driven by whisky…

Edinburgh-based pensions and investment giant Standard Life said it has fully integrated its auto enrolment offering with Newcastle-based software giant Sage Group, the UK’s largest tech company. Standard…

Celtic plc announced the resignation of Ian Livingston as a director of the company with effect from June 30, 2017. Celtic said Livingston, who was…

The distribution arm of Edinburgh-based John Menzies said on Monday it would take full control of Ireland’s EM News Distribution. Menzies Distribution said that under terms…

Edinburgh-based video security company IndigoVision said on Monday that tech industry veteran George Elliott will join its board of directors on June 1, 2017 and succeed Hamish Grossart as chairman of…

UPDATE 3 — The RBoS Shareholder Action Group, which alleges investors were misled by Royal Bank of Scotland over its £12 billion rights issue in…

North Sea oil exploration firm EnQuest said in an operational update that its flagship Kraken oilfield was on track to begin producing oil before the end…

Home buyers in Scotland borrowed £1.8 billion for house purchases in the first quarter of 2017, down 15% on the previous quarter but up 5% on the…

The value of fish landed by Scottish registered vessels increased by 29% to a record £563 million in 2016, according to the latest statistics published by…

Standard Life chief executive Keith Skeoch told the Press Association in an interview he is confident the group’s proposed £11 billion merger with Aberdeen Asset Management…

The civil trial involving Royal Bank of Scotland and a group of investors over a £12 billion rights issue by RBS in 2008 has been adjourned by a…

Grangemouth refinery operator Ineos said it agreed to acquire the Dong Oil & Gas Business from Dong Energy for up to $1.3 billion. Ineos said the deal would position…

Aberdeen-based oil and gas services giant Wood Group on Wednesday increased its presence in the automotive hub of Detroit by acquiring CEC Controls for $59 million. And late on…

The High Court in London was told on Tuesday morning that a majority of claimants suing Royal Bank of Scotland over its £12 billion rights issue in 2008…

Verisk Analytics, owner of Edinburgh-based energy, metals and mining consultancy Wood Mackenzie has acquired MAKE, a research and advisory business specializing in wind power. New Jersey-based…

The Scottish government said 2016 was a record-breaking year for the number of foreign direct investment (FDI) projects in Scotland, according to the latest annual survey…

Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post — said 32% of shareholders at its annual general meeting voted against…

The UK’s Competition and Markets Authority (CMA) said it has started its routine inquiry into the proposed merger of Standard Life and Aberdeen Asset Management. A…

BP and its co-venturers Shell and Siccar Point Energy announced first oil from the redeveloped Schiehallion Area following completion of the multi-billion-pound Quad 204 project in the west…

UPDATE 2 — Royal Bank of Scotland (RBS) is attempting to reach a last-minute settlement with a group of investors who allege that the bank misled them…

Shares of Edinburgh-based video security company IndigoVision rose for the second day in a row after it said in a trading update on Thursday that…

Edinburgh-based oil and gas company Cairn Energy on Friday stressed the potential of its work in Senegal and the North Sea in a statement ahead…

Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post — issued a trading update on Friday ahead of its annual general meeting…

The number of overseas visitors to Scotland rose 6% to 2.7 million in 2016 — and the amount those visitors spent rose 9% to £1.85 billion, according to the Office for…

Perth-based energy giant SSE said on Wednesday its adjusted pre-tax profit rose 2.1% to £1.55 billion in the year to March 31 — but warned of uncertainty ahead as the…

Unemployment in Scotland has fallen to 4.4% — below the 4.6% rate for the whole of the UK. The Labour Market Statistics for January to…

Aberdeen’s economy is showing signs of cautious optimism — helped by recent transactions in the oil and gas sector — according to financial advisory firm Grant Thornton. Grant…

The UK government said on Wednesday that Lloyds Banking Group — which includes Bank of Scotland and Halifax — had been fully returned to private ownership following the…

Payments from a loan scheme designed to help vulnerable farmers and crofters in Scotland have started, the Scottish government said. More than 7,400 payments worth more…

Baillie Gifford’s flagship £5 billion fund, the Scottish Mortgage Investment Trust plc, said Fiona McBain would succeed John Scott as chairman of the FTSE 100…

Clydesdale and Yorkshire Bank owner CYBG said on Tuesday its underlying profit rose 15% to £123 million in the six months to March 31 and that it remained on…

Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post — said that following consultations with shareholders, its proposed new directors’ remuneration policy would be changed…

Tesco Bank chief executive Benny Higgins is to succeed Ben Thomson as the new chair of the National Galleries of Scotland (NGS) board. The appointment is…

Job creation in Scotland reached an eight-month high in April despite business confidence easing to its lowest in six months, according to April’s Bank of Scotland Regional…

The Scottish Salmon Company said its revenues for the first quarter of 2017 were £35.1 million, up from £29.1 million in the same quarter last…

Edinburgh-based tidal power company Atlantis Resources said it signed a strategic partnership agreement (SPA) with South Korean offshore construction giant Hyundai Engineering & Construction regarding global…

Glasgow-based international mobile power firm Aggreko announced a big change to its executive management team, with Nicolas Fournier, managing director of its Power Solutions division since November…

Advertising contributed £8.8 billion to Scottish gross domestic product (GDP) in 2015 — about 5.6% of the Scottish economy — according to a new report from Biggar…

Edinburgh-based John Menzies said on Friday its proposed deal to merge its Menzies Distribution division with mail delivery firm DX Group continued to “move forward positively” and…

Royal Bank of Scotland shareholders voted overwhelmingly to back the bank’s executive pay plan with more than 96% approving the proposals at the RBS annual…

The Scottish government said Scotland’s £1 billion forestry sector would in future be “fully accountable to Scottish ministers and the Scottish Parliament” as it prepared to introduce its Forestry…

Edinburgh-based pensions, investment and insurance firm Aegon UK said its earnings rose 45% to £31 million in the first quarter as combined assets in its “platform”…

Aberdeen-based oil and gas services giant Wood Group — currently in the process of buying rival firm Amec Foster Wheeler for about £2.2 billion — said on Wednesday its…

Standard Life and Aberdeen Asset Management expect to cut their combined workforce by up to 800 roles — nearly 9% of the companies’ combined payroll — within three years of their proposed merger, Standard…

Glasgow-based packaging firm Macfarlane Group on Tuesday published its annual general meeting statement covering 2017 to date, saying group sales had grown 11% compared to…

The first oil has begun to flow from the Shaw field, part of a major redevelopment of the Montrose Area in the Central North Sea about…

The Scotch Whisky Association (SWA) has published its manifesto for the UK General Election, urging politicians to support Scotch via measures including a fairer tax regime, ambitious trade deals…

Hurricane Energy said on Monday the amount of oil estimated to be recoverable from its Lancaster field west of Shetland is 162% higher than previously thought,…

Mining and commodities trading multinational Glencore said it appointed Aberdeen Asset Management CEO Martin Gilbert as an independent non-executive director of Glencore with immediate effect. Aberdeen Asset Management is…

Activist shareholder Gatemore Capital Management has written to the board of mail delivery firm DX Group threatening to block its reverse takeover deal with the distribution arm of…

The trade body for the UK oil and gas industry has warned UK prime minister Theresa May the industry’s cost of trade in goods could rise from £600…

Convention Edinburgh said the Scottish capital, the UK’s leading international meetings destination outside of London, made a “solid start” to 2017 with five new bid wins equating…

UPDATE 2 — Aberdeen Asset Management said its revenue increased to 10.6% to £534.9 million and underlying profit before tax increased 19.8% to £195.2 million in the six…

The National Farmers Union in Scotland has called on Scotland’s booming food and drink sector to address the growing imbalance between the profitability enjoyed by…

UPDATE 2 — Scotch whisky exports increased last year by 4% to more than £4 billion, with the value of single malt exports exceeding £1 billion for…

UPDATE 2 — Shares of Royal Bank of Scotland jumped 5% on Friday after it reported a first quarter attributable profit of £259 million, its first quarterly profit…

Royal Bank of Scotland has reached an out-of-court settlement with more shareholders who alleged the bank misled them during a £12 billion rights issue during the…

A record high in Scotland’s population has been driven by inward migration, according to data published by the National Records of Scotland (NRS). The latest…

UPDATE 1 — Glasgow-based international mobile power firm Aggreko said in a first quarter trading update that its outlook for 2017 remained unchanged and that it…

UPDATE 1 — Glasgow-based engineering giant Weir Group said its oil and gas orders rose 50% in the first quarter driven by significant growth in North…

Lloyds Banking Group (LBG) said it appointed retired High Court Judge Linda Dobbs as the independent legal expert to consider whether issues relating to the HBOS Reading…