Articles by Patrick James

Funding for new exploration in North Sea

New exploration in the North Sea will be supported by a £5 million UK government fund for 2018-19, Chancellor Philip Hammond announced during a visit…


ESM £25m fund seeks Scots tech ventures

ESM Investments is to launch a specialist £25 million fund in 2018 to fuel further growth in Scots-based technology. The company aims to attract high…










Edin University Press revenue +12% to £3.22m

The University of Edinburgh’s publishing subsidiary reported a record year of sales in its latest financial results. The growth at Edinburgh University Press was driven…



Arnold Clark turnover up 9.2% to record £3.66bn

Glasgow-based Arnold Clark Automobiles, Scotland’s biggest privately-owned company, said its 2016 turnover rose 9.2% to a record £3.66 billion and operating profit rose £14.1 million to…


KPMG cleared over HBOS audit before collapse

The UK’s Financial Reporting Council (FRC) — which regulates auditors, accountants and actuaries — announced the closure of its investigation into the conduct of KPMG’s audit…




Macfarlane to buy Greenwoods for up to £16.75m

Glasgow-based packaging firm Macfarlane Group said it conditionally agreed to acquire the packaging business and selected assets of Nottingham-based Greenwoods Stock Boxes Limited and 100% of its…



UK asset management up 20% to £6.9 trillion

The UK Investment Association’s first annual asset management survey following the UK’s decision to leave the EU reveals assets under management in the UK increased…



FCA rejects call to publish full RBS report

The UK’s Financial Conduct Authority (FCA) has rejected calls to publish a report into allegations that Royal Bank of Scotland’s Global Restructuring Group (GRG) bankrupted…







Scots oil and gas sales up 15.2% to £17.5bn

The approximate sales value of oil and gas produced in Scotland for the financial year 2016-17 rose 15.2% to £17.5 billion, according to new figures from Scotland’s…



CMA approves Wood Group-Amec Foster deal

The UK’s Competition and Markets Authority (CMA) said it has accepted proposals to resolve competition concerns regarding the £2.2 billion purchase of Amec Foster Wheeler by Aberdeen-based…


Scots farm debt hits record £2.32bn

New statistics from Scotland’s Chief Statistician show the total outstanding bank debt of Scottish farms increased 5% over the past year to £2.32 billion — the highest since records…


Scots private sector output continues to grow

August’s purchasing managers’ index (PMI) survey from Bank of Scotland indicated a moderate increase in Scottish private sector output. Growth softened following the 33-month high recorded…



Scots housebuilder Springfield plans IPO

Scottish housebuilder Springfield Properties announced its intention to seek admission of its ordinary shares to trading on London’s secondary AIM market. Elgin-based Springfield hopes to raise up…


Scots job market improved sharply in August

The latest IHS Markit report on jobs data for Scotland signalled a further improvement in labour market conditions in August. Recruitment consultancies reported sharp increases…



FanDuel, DraftKings to pay $2.6m to resolve probe

Massachusetts Attorney General Maura Healey said Edinburgh-headquartered FanDuel and Boston-based DraftKings, the two largest daily fantasy sports sites, will pay a total of $2.6 million after…


ICAS chief Colella to be Moore Stephens CEO

Anton Colella, CEO of the chartered accountants’ professional body ICAS, is to leave the organisation to take up a new role as global CEO of international accountancy network…




£60m fund for new tech, low carbon innovation

The Scottish Government said £60 million will be made available to accelerate innovation in new technologies, including low carbon and digital projects by 2020. The Innovation…


















Menzies Distribution buys all-electric Gnewt Cargo

Edinburgh-based Menzies Distribution said it acquired London-based Gnewt Cargo, the all-electric delivery firm, for an undisclosed sum. Gnewt, founded in 2008, provides final-mile delivery services…





Scots product sales up 33% at Co-op

Figures released by the Co-op show that sales of Scottish products across its 350 stores are up 33% year-on-year. The biggest increase has been seen on…










New film and TV school to open in Scotland

First Minister Nicola Sturgeon announced a Scottish Government investment to support the National Film and Television School’s (NFTS) plans to set up a base in…



Macfarlane first-half sales up 10% to £89.8m

Glasgow-based packaging firm Macfarlane Group said its first-half sales rose 10% to £89.8 million and profit before tax soared 27% to £2.5 million as recent acquisitions boosted…









£220m Edinburgh Airport plan takes off

Work is under way on a three-storey extension to Edinburgh Airport’s terminal building — the start of a current £80 million investment plan to help…






Big changes as Macquarie seals Green Bank deal

Australia’s Macquarie Group said on Friday its consortium completed the acquisition of Edinburgh-based UK Green Investment Bank from the UK Government for £2.3 billion. Macquarie said…



Scots employment hits record high

Scotland’s employment rate increased by 1.1 percentage points to a record high of 75.2% over the April to June quarter — meaning 30,000 more people…



Green light for Scotland’s largest solar farm

Moray Council has granted planning permission for what will be Scotland’s largest solar farm. Councillors approved Elgin Energy’s development of the 47-hectare Speyslaw site near Urquhart,…




Menzies shares up amid positive outlook

Shares of Edinburgh-based aviation logistics and news distribution company John Menzies rose more than 3% on Tuesday morning after it said turnover increased 21% to £1.2 billion…





John Menzies and DX terminate merger plan

Edinburgh-based John Menzies said on Monday it terminated the merger talks between its distribution business and courier firm DX Group. “Notwithstanding the strong strategic and commercial benefits…



Scots output growth surges to 33-month high

Scottish private sector output growth surged to a 33-month high in the third quarter of 2017, according to the latest Bank of Scotland PMI (purchasing managers’ index)…





Assets up to £151bn at Edinburgh’s Aegon UK

Edinburgh-based pensions, investment and insurance firm Aegon UK said on Thursday its “platform” assets reached £107 billion and total assets under administration hit £151 billion…















Bridgepoint confirms £655m deal for Miller Homes

Private equity firm Bridgepoint confirmed it will buy Edinburgh-based Miller Homes in a transaction totalling £655 million from funds managed by GSO Capital Partners, a division of Blackstone….










Stan Life votes against PwC as Vodafone auditor

Edinburgh-based Standard Life Investments said it voted its clients’ 465 million shares in Vodafone against Vodafone’s resolution to reappoint PricewaterhouseCoopers (PwC) as Vodafone’s auditors and against…
























Weir shares soar on North American recovery

Shares of Glasgow-based engineering giant Weir Group rose more than 7% after it gave an update to its 2017 outlook that “reflects accelerated recovery in North American oil…



More upheaval at Menzies merger target DX

Courier firm DX Group, currently in the process of merging with the distribution business of Edinburgh-based John Menzies, said it will split its business into two divisions —…



Head of Student Loans Company ‘suspended’

Steve Lamey, the chief executive of the UK’s Glasgow-based Student Loans Company (SLC), has been suspended pending an investigation, according to reports. No clear reason was…


FanDuel and DraftKings terminate merger

Edinburgh-headquartered FanDuel and Boston-based DraftKings, the two largest daily fantasy sports sites, have terminated their merger agreement. The decision follows the move by the US Federal Trade…







Scots unemployment at record low of 3.8%

Scotland’s unemployment rate fell to a record low of 3.8% over the last quarter, down 0.7 percentage points, according to labour market statistics for March to…





Cairn Energy finds oil offshore Senegal

Edinburgh-based oil and gas company Cairn Energy announced the results of the FAN South-1 well in the South Fan prospect offshore Senegal. “The well encountered…


Craneware expects revenue up 16% to $57.8m

Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, said in a trading update for the year ended June 30, 2017, that it expects to…



Cochrane becomes interim CEO of Carillion

Construction and outsourcing firm Carillion said on Monday it appointed Keith Cochrane — former chief executive of Stagecoach and Weir Group — as its interim…

































Regulator clears Standard Life-Aberdeen merger

Standard Life and Aberdeen Asset Management said the UK’s Competition and Markets Authority (CMA) announced that it has cleared the £11 billion merger of the Scottish investment giants….







US authorities move to block FanDuel merger

The US Federal Trade Commission (FTC) said on Monday it has authorized legal action “to block the merger” of Edinburgh-headquartered FanDuel and Boston-based DraftKings, the two…










Investors OK £2.2bn Wood Group-Amec FW deal

Shareholders of Aberdeen-based oil and gas services company Wood Group and rival Amec Foster Wheeler have overwhelmingly approved Wood Group’s roughly £2.2 billion recommended all-share offer…




Aggreko buys Indonesia’s KBT for $33m

Glasgow-based Aggreko, the world’s largest temporary power firm, said it acquired KBT (Kerta Bumni Teknindo), an Indonesia-based power rental company for about $32.8 million. “KBT…


Scots unemployment falls to 4%, a 25 year low

The Scottish Government said Scotland’s unemployment rate has fallen to 4.0% to match the lowest rate in 25 years. Labour market statistics for February-April 2017 published…










Weir Group to buy Singapore’s KOP for $114m

Glasgow-based engineering giant Weir Group said it agreed to acquire Singapore-headquartered oil and gas technology firm KOP Surface Products from Norwegian-listed Akastor ASA for about $114m…



Menzies merger firm DX probed by police

UPDATE 2 — Courier firm DX Group, currently in the process of acquiring the distribution business of John Menzies in a reverse takeover, said on Friday it was notified by the…


Wood Group wins BAE submarines contract

Aberdeen-based oil and gas services giant Wood Group said it was awarded a new industrial services contract by BAE Systems Submarines. Effective immediately, the two-year contract…





Revised Menzies-DX deal wins over big shareholder

UK courier firm DX Group on Monday announced revised terms for its agreement to acquire the distribution business of John Menzies in a reverse takeover — winning the support of DX’s largest shareholder. Gatemore…


Ian Ritchie appointed chairman at Tern

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…






Standard Life teams up with Sage for auto enrolment

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…




Elliott succeeds Grossart as IndigoVision chairman

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…











Wood Mackenzie owner buys wind power specialist

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…





BP hails first oil from massive Shetland field

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…





Johnston Press revenues edge higher

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…







£45m loan payments start for Scots farmers

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…




Johnston Press shareholders force executive bonus cut

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…



Scots job creation at eight-month high

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…



Edinburgh tidal power firm Atlantis in Hyundai deal

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…


Executive shake up at Aggreko

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 worth £8.8bn to Scottish GDP

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…


Menzies confident DX Group deal will go through

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…






800 roles could go in Standard Life-Aberdeen merger

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…







Aberdeen Asset CEO Gilbert joins Glencore board

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…


Shareholders threaten to block Menzies-DX deal

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…



Strong start for Edinburgh conference business

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…








Aggreko progress hampered by Argentina

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…


Weir Group oil and gas orders up 50%

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…



£6.4bn of Scots infrastructure projects under way

Infrastructure projects worth almost £6.4 billion will be under construction throughout Scotland in 2017, the Scottish government said. Projects including the Forth Valley College Falkirk Campus,…


Virgin Money credit card balances up to £2.7bn

UPDATE 1 — Newcastle and Edinburgh-based challenger bank Virgin Money insisted it had maintained a “strong focus on asset quality” as its credit card balances grew about 8% to £2.7…




Small Scots firms depend on EU workers

UPDATE 1 — Two thirds of small employers in Scotland with EU workers are concerned about future skills shortages, according to new research from the…





Goals Soccer Centres confirms merger talks

Shares of East Kilbride-based Goals Soccer Centres rose about 6% after it confirmed it was in “preliminary discussions” about a merger with rival firm Powerleague. “The board…



















Economic upturn loses momentum as services slow

A downturn in Scotland’s big services sector offset strong manufacturing production growth in March as the Bank of Scotland Regional Purchasing Managers’ Index (PMI) report showed Scotland’s…


BrewDog valued at £1bn as TSG takes stake

Aberdeenshire-based craft beer company BrewDog said San Francisco private equity firm TSG Consumer Partners acquired 22% of BrewDog in a transaction that values BrewDog at roughly £1 billion. According to…





Lloyds takes £100m HBoS hit as FCA resumes probe

Lloyds Banking Group said it expects compensation for “economic losses, distress and inconvenience” related to the HBoS Reading scandal will be about £100 million and that a provision for that…


£79m car parking income for Scots councils

Local authorities in Scotland made a £40.3 million profit on £79.3 million of income from their car parking charges and penalties in 2015-16, according to research by the…







Parkmead doubles West of Shetland stake

Aberdeen-based independent oil and gas firm Parkmead said it nearly doubled its stake in the major Sanda North and Sanda South structures in the West of…







Iomart expects revenue to grow 17%

Glasgow-based cloud computing firm iomart said in a trading statement that for the year to March 31, 2017, it expects to show revenue growth of 17%…




Higher education R&D at record; total at £2.15bn

UPDATED — Scotland’s gross expenditure on research and development (GERD) rose 1.1% or £23 million in 2015 to £2.15 billion, according to a report from Scotland’s chief statistician. Scottish GERD…



Crown Ocean completes Bowleven clear-out

Monaco-based activist shareholder Crown Ocean Capital (COC) has completed its boardroom clear-out at Edinburgh-based oil and gas firm Bowleven with the resignation of chairman Billy Allan and departures…






Scots Parliament backs Sturgeon referendum bid

The bid by Scotland’s First Minister Nicola Sturgeon to stage a second referendum on Scottish independence was formally backed by the Scottish Parliament on Tuesday. MSPs voted 69 to 59…


Barr profit up to £43.1m amid low sugar rush

Shares of Cumbernauld-based Irn-Bru maker A.G. Barr rose after it said its statutory profit before tax increased 4.4% to £43.1 million on revenue down 0.6% to £257.1 million in the 52 weeks…


Wood Group wins $50m Premier Oil contract

Aberdeen-based Wood Group said it was awarded a $50 million contract with Premier Oil to deliver topside operations and maintenance services to the Balmoral floating production…


Stagecoach loses South West rail to FirstGroup

Aberdeen-based FirstGroup and joint venture partner MTR Corporation have been awarded the UK’s new South Western rail franchise, taking it away from Perth-based Stagecoach which has operated the…


Big oil discovery confirmed west of Shetland

Hurricane Energy on Monday confirmed weekend reports that it made a further, important oil discovery west of Shetland, calling the find “the largest undeveloped discovery…


Possible offers tabled for Edinburgh’s Exova

Edinburgh-based industrial testing firm Exova Group said on Monday it has received proposals for three possible cash offers for the company. It said the proposals were from Dutch…







Bowleven considers sale after Crown Ocean coup

Edinburgh-based oil and gas firm Bowleven — which last week had most of its board ousted by Monaco-based activist shareholder Crown Ocean Capital (COC) — said it is launching…


£51m debt raised for Green Highland Hydro

Infrastructure investment manager Ancala Partners LLP said it raised £51 million of debt facilities for Green Highland Hydro (GHH), the asset ownership vehicle for hydroelectric power…


EnQuest gross profit up 13% to $196m

North Sea exploration firm EnQuest, which recently went through a complex financial restructuring, said on Tuesday its 2016 gross profit rose 13.22% to $196.1 million despite…










Activists Crown now target Bowleven clear-out

Monaco-based activist shareholder Crown Ocean Capital (COC), which has ousted most of the board at Edinburgh-based oil and gas firm Bowleven, on Friday requisitioned another general meeting to…





Activist Crown Ocean ousts most of Bowleven board

Monaco-based activist shareholder Crown Ocean Capital (COC) has been successful in ousting most of the board at Edinburgh-based Bowleven, the Africa focused oil and gas exploration company, including chief…



STV CEO Woodward is new chairman at Blancco

STV chief executive Rob Woodward was on Tuesday appointed non-executive chairman of data erasure and mobile device diagnostics firm Blancco Technology Group, succeeding Matthew Peacock. Blancco also said…







Gilbert explains CEO job split with Skeoch

Aberdeen Asset Management CEO Martin Gilbert said in an interview on Friday he will focus on external affairs after his company merges with Edinburgh-based Standard Life to create the UK’s largest…







Menzies ‘back on track’ as turnover hits £2bn

Edinburgh-based aviation logistics and news distribution company John Menzies said its 2016 turnover rose to just more than £2 billion from £1.99 billion in 2015 and profit before tax edged…




Oil and gas production continues to rise

Trade body Oil & Gas UK said output from the UK Continental Shelf (UKCS) rose 5% to 1.73 million barrels of oil equivalent per day (boepd) in 2016 and should…


Craneware first-half revenue up 16% to $26.8m

Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, said its first half revenue to December 31 increased 16% to $26.8 million and profit before tax…


Aggreko shares plummet amid profit warning

Shares of Glasgow-based international mobile power firm Aggreko fell roughly 12% after it said 2016 revenue and profit fell and that it expects the current full year profit before tax…



Revenue up 4.7% to £241m at Glasgow’s Devro

Glasgow-based sausage skin and collagen products firm Devro said currency gains helped its 2016 revenue increase 4.7% to £241.1 million — but in constant currency its revenues declined 6.9%….


Standard Life agrees to buy Aberdeen for £3.8bn

UPDATE 5 – Edinburgh-based Standard Life has agreed to buy Aberdeen Asset Management for £3.8 billion in an all-share transaction that would create a global fund management player overseeing £660 billion…


Standard Life, Aberdeen Asset confirm merger talks

UPDATE 5 – Scottish investment giants Standard Life and Aberdeen Asset Management confirmed in a joint statement they are in discussions about a possible all-share merger that would create a…



STV revenue up 3% to £120.4m; profit £15.7m

Glasgow-based media company STV Group said its 2016 revenue rose 3% to £120.4 million and statutory pre tax profit rose 60% to £15.7 million amid a growth in its “non-broadcast…



Archangels leads £3.6m ZoneFox funding round

Edinburgh-based cyber security software firm ZoneFox said it closed a £3.6 million funding round led by Scottish business angel investment syndicate Archangels with co-investment from The Scottish Investment…





Ambassador Betts is new Scotch Whisky CEO

The Scotch Whisky Association (SWA) — the influential trade body for the £5 billion Scotch industry — said it appointed diplomat Karen Betts as its new chief…


Barr shares rise as it cuts sugar in Irn Bru

Shares of Cumbernauld-based Irn-Bru maker A.G. Barr rose after it said it has made a “further commitment to reduce sugar across its soft drinks portfolio” in advance of a UK…


Shareholders OK Alliance Trust £630m buyback

Dundee-based investment firm Alliance Trust said its shareholders approved its radical plans to outsource its equity portfolio management and buy back the 19.75% stake of its biggest shareholder, US activist hedge fund…


Exova profit up 58% to £36m on £328m revenue

Edinburgh-based industrial testing firm Exova Group said its 2016 revenue rose 10.8% to £328.6 million and profit before taxation rose 58% to £36.6 million despite weakness in its oil and gas business. On a…


Virgin Money profit up 41% to £194m in digital push

Edinburgh and Newcastle-based challenger bank Virgin Money said its 2016 statutory profit before tax increased 41% to £194.4 million and its gross mortgage lending grew 12% to £8.4 billion, giving it…


Pound falls amid reports of independence vote

Sterling fell against major currencies on Monday amid reports that another Scottish independence vote could be called and uncertainty about Britain’s future as it prepares to leave the European…


£1.7bn UK defence investment in Scotland

The UK government’s defence secretary Michael Fallon said £1.7 billion would be invested to upgrade Scottish military bases as the MoD’s Defence Board met in Edinburgh for the…



Litigation, conduct costs push RBS to £7bn loss

Royal Bank of Scotland said it made an attributable loss in 2016 of £6.95 billion which included litigation and conduct costs of £5.87 billion and restructuring costs of £2.1 billion….


Standard Life operating profit up 9% to £723m

Edinburgh-based investment, pensions and insurance giant Standard Life said its operating profit before tax rose 9% to £723 million in 2016 and assets under administration rose by 16% to…



Acquisitions boost Macfarlane sales to £180m

Glasgow-based packaging firm Macfarlane Group pledged to continue looking for takeover deals as it revealed that recent acquisitions helped its 2016 sales rise 6% to £179.8 million and profit before tax…





Celtic plans new hotel, museum and store

Celtic plc said it will make a proposal of application to Glasgow City Council for the possible further development of the Celtic Park area including the potential creation…



Whisky master blender Rachel Barrie joins BenRiach

Kentucky-based spirits and wine group Brown-Forman said it appointed Rachel Barrie as whisky maker for its Scotch whisky portfolio which includes the single malts BenRiach, The GlenDronach and Glenglassaugh distilleries,…






Hunter leads new investment in TVSquared

Edinburgh-based TV advertising analytics firm TVSquared said it raised another $6.5 million “as the demand for TV measurement and optimization grows within the $202 billion TV ad…



‘Major problems’ if Alliance Trust loses vote

ShareSoc, the UK Individual Shareholders Society, warned of “major problems” for Dundee-based investment firm Alliance Trust if shareholders do not support the firm’s board in its radical plans to outsource its equity portfolio…



Unilever rejects $143bn Kraft Heinz offer

UK-Dutch consumer goods giant Unilever — owner of brands including Dove, Flora, Hellmans, PG Tips, Knorr and Persil — rejected a potential offer of around $143 billion from The Kraft…







Food, drink exports to Japan almost £100m

The value of Scottish food and drink exports to Japan has surged to almost £100 million, strongly supported by Scotch whisky, external affairs secretary Fiona…


Unemployment fell 27,000 in past year

Unemployment in Scotland rose by 6,000 over the October to December 2016 quarter to 135,000, but the jobless level was down 27,000 on the same quarter…


Grand Theft guru leads Krotos investment

Edinburgh-based Krotos, producer of audio products for the entertainment industry, said it secured angel investment in a deal led by Leslie Benzies, former president of Grand Theft Auto…


Stagecoach sells US tourist bus stake

Perth-based transport giant Stagecoach Group said it sold its interest in the Twin America LLC joint venture for an undisclosed sum. Twin America was a joint venture between…






Collagen Solutions to raise up to £12m

Glasgow-based regenerative medicine firm Collagen Solutions announced a conditional placing and open offer of shares to raise up to £8 million and said it received a conditional…


New chair at Melrose angel investor TRI Cap

Melrose-based angel investment group Tweed Renaissance Investors (TRI Capital) appointed Jamie Andrew as its new chairman following the retirement of Rob Dick. Andrew said: “TRI Cap has…


New fintech hub to open at RBS HQ

A new fintech hub backed by the UK and Scottish governments and based at Royal Bank of Scotland’s headquarters at Gogarburn, Edinburgh, will open to entrepreneurs…



Co-op Bank puts itself up for sale

The Co-operative Bank, rescued from near collapse by hedge funds in 2013, said it has put itself up for sale amid a neeed to build its capital and…


Scots new order growth hits 20-month high

New order growth accelerated to a 20-month high at Scottish private sector companies in January, according to the latest Bank of Scotland Regional Purchasing Managers’…







Edinburgh University income up to £908m

The University of Edinburgh said its total income for the year ended July 31, 2016 was £908 million — including exceptional items of £19 million —…



Man Utd expects £540m revenue; debt at £409m

Manchester United said its revenue rose 18% to £157.9 million in the three months to December 31, 2016, but its net debt jumped 27.1% to £409.3 million. It its outlook, the company…


Mattioli Woods buys 49% of Edinburgh’s Amati

Leicester-based wealth management firm Mattioli Woods said it acquired 49% of Edinburgh-based fund manager Amati Global Investors Limited from Amati Global Partners LLP for £3.33 million.   Mattioli Woods…


Bowleven urges shareholders to reject activist

Edinburgh-based Bowleven, the Africa focused oil and gas exploration company, on Wednesday urged its shareholders to vote against all resolutions of Monaco-based activist shareholder Crown Ocean…





North America keeps FirstGroup on track

Shares of Aberdeen-based bus and rail giant FirstGroup rose about 5% after it said its reported group revenue rose 12.8% in the quarter to December 31, helped by favourable currency translation…





Smart Metering Systems up 20% to £41.3m

Glasgow-based Smart Metering Systems (SMS) said total annualised recurring income increased by 20% to £41.3 million as at December 31, 2016. The company’s shares have soared about…



Glasgow to be Scotland’s powerhouse – Savills

A report by real estate giants Savills said Glasgow had the building blocks in place to reaffirm its position as “Scotland’s powerhouse” to compete with the “Northern Powerhouses”…



Improved trading at Johnston Press

Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post  — said in a trading statement that although its revenue fell…




Shareholders consult lawyers on RBS rejection

ShareSoc, the UK Individual Shareholders Society, said it is consulting legal advisors following the decision by Royal Bank of Scotland not to take forward a proposed AGM…




Plexus shares plummet amid revenue warning

Shares of Aberdeen-based oil and gas engineering services company Plexus Holdings fell around 20% on Wednesday afternoon after it warned in a trading update that its revenue for…


SSE expects 2016-17 capital spend of £1.75bn

Perth-based energy giant SSE said in a trading statement it expected its capital investment programme for 2016-17 to be around £1.75 billion. SSE confirmed that for 2016-17 it…



Menzies completes $202m ASIG acquisition

Edinburgh-based aviation logistics and news distribution firm John Menzies said it reached an agreement with the UK’s Competition and Markets Authority (CMA) to complete the acquisition of Orlando, Florida-based aviation…


Data reveals Borders Railway tourism boost

New data from the Scottish Tourism Economic Assessment Monitor (STEAM) revealed that tourism in the Scottish Borders and Midlothian has received a major boost since the…



Clydesdale and Yorkshire deposits £27.3bn

Clydesdale and Yorkshire Bank owner CYBG said trading in the three months to December 31, 2016, had been in line with its expectations with deposit balances up…



RBS rejects AGM shareholder committee bid

The Royal Bank of Scotland Group (RBS) said its board decided not to take forward a proposed AGM resolution submitted by ShareSoc and UK Shareholders’ Association…


£315m Inverness city-region deal signed

The Scottish government said the £315 million Inverness and Highland City-Region Deal was formally signed on Monday, sealing the deal for the release of funding…


Law firm Murgitroyd’s shares down as profits fall

Shares of Glasgow-based intellectual property law firm Murgitroyd Group fell another 7% on Monday after it said profit before tax fell 30% to £1.48 million in the six months to November 30, 2016. Murgitroyd…


Glasgow homes sell faster amid shortage

A shortage of properties in the Glasgow area means the number of houses being sold has decreased — but high demand for available properties means they are selling faster…


Troon open golf was worth £110m to economy

Hosting the 145th Open golf championship at Royal Troon delivered more than £110 million worth of benefit to Scotland, according to an independent study announced by…




RBS takes another £3.1bn hit for RMBS

Royal Bank of Scotland Group plc said its full year 2016 results will reflect the taking of a further £3.1 billion provision in relation to investigations…


Bohemian Byres Road set for £9m revamp

Glasgow City Council has unveiled plans to transform the area around Byres Road, the centre of the city’s bohemian west end, in a £9 million project. The…



Scotsman owner Johnston to print Daily Mail

Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post — said it signed a multi-million pound contract with Associated Newspapers Limited (ANL), owners…



Scottish Friendly sales at record £34m

Glasgow-based Scottish Friendly, Scotland’s largest financial mutual, said it achieved record-breaking sales in 2016 — a 33% rise from £25.5 million in 2015 to £33.9 million in 2016….


Murgitroyd down 20% after earnings alert

Shares of Glasgow-based intellectual property law firm Murgitroyd Group fell about 20% after it said in a trading update that its full year results will fall short of market…





Governance expert Gilshan joins Standard Life

Edinburgh-based fund manager Standard Life Investments said it has strengthened its environmental, social and governance (ESG) investment team with the appointment of Deborah Gilshan as…




Apex Hotels turnover up 7% to £61.3m

Edinburgh-based Apex Hotels Limited said its turnover rose 7% to £61.3 million and profit before tax soared 132% to £10.3 million in the year to April 30,…


Brodies to appoint three new partners

Scottish headquartered law firm Brodies LLP said it appointed three new partners who are “recognised leaders in the fields of infrastructure projects, real estate finance and…


Baillie Gifford to appoint three new partners

Edinburgh-based fund manager Baillie Gifford & Co. announced it would appoint three new partners on May 1, 2017, taking its total number of partners up to 43. Baillie Gifford employs…






FreeAgent shares soar on RBS contract win

Shares of Edinburgh-based FreeAgent Holdings, which provides accounting software for small businesses, rose for a second successive day following the announcement that it won a major contract with…


Scotland to strengthen Japan trade links

The Scottish government’s external affairs secretary Fiona Hyslop will visit Japan next month to strengthen economic and cultural ties between the two countries. Hyslop will meet business…


New measures to protect crab and lobster

Crab and lobster, landings of which were worth £26.8 million to the Scottish economy in 2015, are to be given additional protection through new conservation…


Holyrood pledges 66% cut in greenhouse gas

The Scottish Government has published detailed proposals of a plan to achieve a 66% reduction in Scotland’s greenhouse gas emissions by 2032. Cabinet Secretary for…



Man Utd regains top spot in Deloitte League

Manchester United regained first place in the Deloitte Football Money League, ending the 11-year run of Real Madrid. Deloitte said record revenue of €689 million (about £515 million)…






Faroe Petroleum wins new licence prospects

Aberdeen-based Faroe Petroleum said it has been awarded four new prospective exploration licences, including two operatorships, on the Norwegian Continental Shelf. Faroe Petroleum CEO Graham Stewart…


Scots unemployment 5.1%; UK rate 4.8%

Unemployment in Scotland in the September to November quarter was down 12,000 on the same quarter last year, but rose by 11,000 during the period to 139,000, according to UK’s…







Former Goals Soccer CEO Rogers leaves board

East Kilbride-based Goals Soccer Centres said former chief executive Keith Rogers, an executive director, has stepped down from the company’s board. Current goals CEO Mark Jones said: “On…



Big changes at Macallan owner Edrington

Glasgow-based drinks company Edrington — owner of The Macallan, Highland Park and Famous Grouse — has announced a number changes in its executive ranks. Edrington said Bill Farrar, managing…




Gilbert new Aberdeen University senior governor

The University of Aberdeen said it appointed Aberdeen Asset Management CEO Martin Gilbert as senior governor to lead its governing body, the University Court. The senior governor…


Paradis joins Weir Group executive

Glasgow-based engineering giant Weir Group said it appointed David Paradis to its group executive as division president of Weir Flow Control, effective January 23. Paradis succeeds John…


Record for Highlands and Islands Airports

Highlands and Islands Airports Ltd (HIAL) said passenger numbers rose 10.6% to a record 1,606,168 travellers at its 11 airports across Scotland in 2016. HIAL is…


FSB targets asset management vulnerabilities

The Financial Stability Board (FSB) has published its policy recommendations to address structural vulnerabilities in the global asset management industry. The asset management industry grew to $76.7…



Devro shares up after improved second half

Shares of Glasgow-based sausage skin and collagen products firm Devro rose about 3% after it said its performance had recently improved in China, Russia and South East Asia and…


Record year at Edinburgh, Glasgow airports

Scotland’s two largest airports — Edinburgh and Glasgow — had record numbers of passengers in 2016, handling almost 22 million travellers. Edinburgh Airport said it had 12.37 million…


Tourism employment up 11% to 217,000

The number of people working in Scottish tourism rose 11% to 217,000 between 2014 and 2015 — representing roughly 9% of Scotland’s total employment, according to…


Ex-Saatchi boss Roberts new Beattie chairman

Former Saatchi & Saatchi chairman Kevin Roberts — who resigned from his role last year after he made controversial comments about gender in the advertising industry in an interview…


Wood wins multi-million Saudi Aramco deal

Aberdeen-based oil and gas services giant Wood Group said it secured a five year, multi-million dollar framework agreement to continue to provide engineering and project management services…


Veteran Giadrossi joins Cairn Energy board

Edinburgh-based oil and gas company Cairn Energy said it appointed industry veteran Nicoletta Giadrossi as an independent non-executive director and a member of its remuneration committee. Cairn chairman Ian Tyler…


Aberdeen Council £370m bond oversubscribed

Aberdeen City Council leader Jenny Laing performed the opening ceremony at the London Stock Exchange on Tuesday to mark the local authority’s successful £370 million bond issue….


Ecometrica wins £14m Space Agency deal

Edinburgh-based sustainability software and data company Ecometrica has won a contract worth more than £14 million from the UK Space Agency’s recently launched International Partnership…


Govt. no longer biggest Lloyds shareholder

The UK government said its has now recovered more than £18 billion of the £20.3 billion that taxpayers injected into the Lloyds Banking Group — owner of the Bank…





Future plc buys Team Rock assets

Media group Future plc said it acquired the magazines, domain names, events, radio licence and websites of Classic Rock, Metal Hammer, Prog, Blues and the Golden…



Aberdeen weighs Trump emerging market effect

Emerging markets specialist Aberdeen Asset Management believes that any imposition of trade barriers after Donald Trump becomes president of the United States “may force some…


Office-to-residential conversions rise

Demand for Edinburgh townhouse office-to-residential conversions has surged, driven largely by rising residential prices in Edinburgh’s west end and New Town, according to Shepherd Chartered Surveyors. The firm…




Synpromics in GE Healthcare research deal

Edinburgh-based synthetic biology company Synpromics announced a research collaboration with GE Healthcare “to jointly develop customised synthetic promoters optimised for GE Healthcare’s proprietary biopharmaceutical manufacturing…


Aggreko wins $40m Winter Olympic contract

Glasgow-based mobile power company Aggreko said it has been awarded a contract to be the official temporary electricity generation provider for the Olympic Winter Games PyeongChang 2018. Aggreko…


Aegon UK completes £140m Cofunds deal

Edinburgh-based Aegon UK said it completed the roughly £140 million purchase of Cofunds — an investment platform for financial advisers — following regulatory approval. Cofunds had about £77 billion…




Duffy to leave Entrepreneurial Spark

Jim Duffy, co-founder of Scottish-based business incubator network Entrepreneurial Spark, announced he will leave the company in the summer of 2017. Duffy said Entrepreneurial Spark…


Russell Group universities seek new boss

The Russell Group of 24 leading UK universities — which includes Edinburgh and Glasgow — is looking for a new director general following Wendy Piatt’s decision to stand down…


RBS shareholders push for special committee

More than 100 individual shareholders of Royal Bank of Scotland (RBS) — coordinated by shareholder groups ShareSoc and UKSA — have requisitioned a resolution to install a new…



Change Recruitment revenue up to £18m

Glasgow and Edinburgh-based Change Recruitment Group (CRG) said growth in its accountancy-finance, IT-digital and temporary-contract businesses helped it offset continuing challenges in the oil and gas market in 2015-16. CRG…


More scrutiny for £2bn Green Bank sale

Updated — The proposed sale of the UK government’s Edinburgh-based Green Investment Bank (GIB) for up to £2 billion is facing increased political scrutiny following allegations that…


£1bn to be spent on Scots roads in 2017-18

Investment in Scotland’s motorways and trunk roads will rise about 18% to just under £1 billion in 2017-18, taking projects currently under construction to almost £6 billion, according to…


Sports Direct to sell $137m Dunlop brand

Sports Direct International said it agreed sell its rights to the Dunlop brand and related wholesale and licensing businesses to Sumitomo Rubber Industries (SRI) for $137.5 million in…


Advisory group for £3.7bn creative industries

The Scottish Government has set up a Creative Industries Advisory Group to advise ministers on the support the sector needs. Invitations to become members of the group have…


Scotland’s most expensive streets named

New research from Bank of Scotland has identified Scotland’s most expensive streets, with The Scores in St Andrews — just a pitching wedge from the world famous Old…



Deutsche, Credit Suisse in $12bn settlements

Deutsche Bank said it reached a settlement in principle with the US Department of Justice (DoJ) regarding civil claims in connection with the bank’s issuance and underwriting…



Renewables exceed 50% electricity target

The Scottish government said renewable sources delivered the equivalent of 59.4% of Scotland’s gross electricity consumption in 2015 — up from 49.9% in 2014. This…





£440m bid to boost broadband speeds

The UK government announced what it called “a £440 million broadband boost to benefit more than half a million premises” including £18 million of investment…


Highland exporters want single market access

About 65% of exporting companies in Scotland’s Highlands and Islands believe access to the European single market is important for their businesses, according to a survey of more than…




Scottish Investment Bank hails £40m fund

Scottish Investment Bank head Kerry Sharp welcomed the establishment of a new £40 million small and medium sized enterprises (SME) holding fund by the Scottish Government to…



Changes at Hymans Robertson public sector team

Glasgow-based pensions and benefits consultant Hymans Robertson said it appointed Barry McKay as Head of Local Government Pension Scheme (LGPS) Actuarial, working alongside David Walker as Head…



Approval for McColl’s £117m Co-op stores deal

Convenience retailer McColl’s Retail Group said the Competition & Markets Authority (CMA) gave final and unconditional approval for McColl’s £117 million acquisition of 298 stores from the Co-operative Group…



R&D jobs at record level, but spending slips

Research and development (R&D) employment in Scottish businesses reached its highest level on record in 2015 with about 11,000 jobs — but R&D spending fell slightly during that year…


Flybe adds Heathrow flights, new CEO

Regional airline Flybe said it will soon offer more than 40 scheduled flights a week from Aberdeen and Edinburgh to London Heathrow. Flybe also said it hired Christine Ourmieres-Widener as…


Faroe Petroleum secures £300m bank funding

Aberdeen-based Faroe Petroleum said it signed two banking facilities for almost £300 million “which will provide substantial finance to underpin the company’s growth plans.” Faroe is an independent oil and…


£350m Aberdeen Harbour expansion approved

A £350 million expansion of Aberdeen Harbour has been sanctioned by the harbour’s board and the construction contract with preferred bidder Dragados UK is due to be formalised on…


Lloyds to buy MBNA for £1.9bn

Lloyds Banking Group — owner of the Bank of Scotland, Scottish Widows and Halifax brands — said it agreed to acquire UK consumer credit card business MBNA from a subsidiary…


Cayzer’s Caledonia sells Park Holidays

The Cayzer family’s Caledonia Investments said it agreed terms for the sale of Park Holidays UK, the UK’s third largest holiday park operator, to Tiger Bidco…


Shetland fish landings biggest since 1987

The Shetland Fishermen group said Shetland’s whitefish market had its biggest yearly landings since 1987. More than 357,000 boxes were brought ashore and sold. Shetland is the second…



Hurricane shares up after Shetland oil find

Shares of Hurricane Energy soared more than 12% after it announced a “significant” oil find at the Lincoln Well west of Shetland. Hurricane CEO Robert Trice said: “I…


Collagen Solutions revenue up but loss widens

Shares of Glasgow-based Collagen Solutions, a manufacturer of medical grade collagen biomaterials, fell about 12% after it said its revenue and other income increased by 30% to…


£120m investment for Fort William smelter

Liberty House and SIMEC, members of the GFG Alliance, said they completed a £330 million deal with Rio Tinto to buy Britain’s last remaining aluminium smelter at Fort…


Edinburgh hotel room rates soar 18.9%

Edinburgh hotels sold 80.8% of their rooms during November, a slight rise on the same month of 2015, and grew their average room rate (ARR) from £84.75 in…


Johnston Press to sell 13 titles for £17m

Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post — announced the proposed disposal of 13 titles and associated websites in East…


Ryden merges with Mason Philips

Scotland-headquartered commercial property consultant Ryden has agreed a merger with London investment agents Mason Philips. The merged firms will operate under the Ryden name with…


Elliott mulls Alliance Trust outsourcing, sale plan

Dundee-based investment firm Alliance Trust has announced a radical strategic plan that includes the outsourcing of equity portfolio management and the sale of investment division Alliance Trust Investments to Liontrust…



Murdochs agree £11.7bn deal to buy rest of Sky

Rupert Murdoch’s 21st Century Fox said it reached an agreement with Sky plc to buy the 61% of the British pay-TV firm it doesn’t already own for £10.75 a share — or roughly £11.7…


Competition concerns on Menzies ASIG deal

The UK’s Competition and Markets Authority (CMA) said on Thursday that Edinburgh-based John Menzies’ acquisition of ASIG may give rise to competition concerns over ground handling services at…



Ex-SFE chairman among hirings at Aberdeen

Aberdeen Asset Management said it made a number of appointments to strengthen its global distribution platform, including former Scottish Financial Enterprise chairman John Campbell. Campbell will join Aberdeen…


Cereal harvest falls 11%; spring barley down 15%

Scotland’s 2016 cereal harvest is estimated to have fallen 11% on 2015, according to the Scottish Government’s Chief Statistician. Final estimates show Scottish farms produced 2.8…



Recently-floated FreeAgent’s revenue soars 36%

Edinburgh-based accounting software firm FreeAgent — which floated on the Alternative Investment Market (AIM) of the London Stock Exchange last month — said its revenue increased by 36%…


Most fish quotas increased in Brussels talks

Annual negotiations in Brussels resulted in increased fish quotas for 16 out of 23 key Scottish stocks and “additional fishing opportunities” worth around £47 million, said Fisheries…


SSE and Dixons in ‘connected home’ venture

Perth-based energy giant SSE and Dixons Carphone, Europe’s largest electrical goods and phones retailer, said they have formed a strategic partnership to provide “connected home” services to…



Struthers joins Stan Life as head of investments

Edinburgh-based fund management giant Standard Life Investments said it appointed Archie Struthers to the role of head of investments. Struthers will join Standard Life Investments — which manages…






Renewable energy firms show global reach

Scottish renewable energy businesses are now working in more than 40 countries around the world, new research by industry body Scottish Renewables has found. Projects…



Stan Life urges Gilbert to get better offer for Sky

Edinburgh-based fund manager Standard Life Investments argued on Monday that Rupert Murdoch’s 21st Century Fox is not offering enough for British pay-TV firm Sky Plc and questioned the independence of…


Slight drop in November private sector output

The health of Scotland’s private sector worsened slightly during November, as companies reported the first contraction of output for three months, according to the Bank of Scotland PMI….


Ewing urges UK to protect Scottish fish quotas

The Scottish government’s fisheries secretary Fergus Ewing has urged the UK government “to stop fish quotas from being traded away unnecessarily” during crucial EU fisheries negotiations…



Murdoch’s 21st Century Fox bids for UK’s Sky

Rupert Murdoch’s 21st Century Fox confirmed it reached an agreement in principle to buy the 61% of British pay-TV firm Sky Plc it does not already own for around $14 billion. 21st…







Avian Influenza Prevention Zone declared

The Scottish Government said it declared a Scotland-wide Avian Influenza Prevention Zone for 30 days requiring that all poultry and captive birds must be kept indoors “or…



Menzies appoints new distribution boss

Edinburgh-based aviation logistics and news distribution firm John Menzies announced that Greg Michael will assume the role of Managing Director, Menzies Distribution, on January 1, 2017….


Stagecoach half-year revenue tops £2bn

Perth-based rail and bus giant Stagecoach Group said its revenue rose to just over £2 billion in the half-year ended October 29 from £1.97 billion for the same…


Two transactions for Exova

Edinburgh-based industrial testing firm Exova Group said it acquired South Yorkshire-based Insight NDT Limited (Insight) and completed the sale in Canada of its Environmental East business to…


Wood Group and Heerema join forces

Aberdeen-based oil and gas services giant Wood Group said it signed a memorandum of understanding (MoU) with Netherlands-based Heerema Fabrication Group (HFG) to offer wellhead platform development to…


Iomart revenue up 16% to £42.1m

Shares of Glasgow-based cloud computing firm iomart group rose about 3.5% after it said its revenue grew 16% to £42.1 million and adjusted profit before tax rose…


RBS settles with majority of share issue claimants

Royal Bank of Scotland said it agreed a “full and final settlement” with three out of the five shareholder groups involved in the litigation surrounding the bank’s ill-fated £12 billion…



Potato exports push Grangemouth towards record

Forth Ports said the Port of Grangemouth, Scotland’s largest container facility, had one of its busiest ever seasons with more than 50,000 TEUs (Twenty Foot Equivalent Units)…



Engineering orders, output and staffing improve

The latest quarterly review from Scottish Engineeering showed an improvement in orders, output and staffing in the final quarter of 2016, after seven quarters of negative results….


Russell steps down at Johnston Press

Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post — said its chairman Ian Russell decided to step down due to an acute…



North Sea firms welcome oil price rise

The North Sea oil and gas industry gave a cautious welcome to news that some of the world’s biggest producers agreed a deal to curb production for the…


Edinburgh gets more income tax powers

The Scottish Government said legislation which will give the Scottish Parliament further powers over income tax will be laid on Wednesday. The regulations means that from…



Free high-speed internet goes live in Edinburgh

Free high-speed internet is now available in Edinburgh city centre. The outdoor public wifi service EdiFreeWiFi has gone live. The City of Edinburgh Council signed a 10-year concession contract…





Low carbon industries ‘are worth £10.7bn’

The Scottish Government said latest figures from the UK’s Office of National Statistics (ONS) show that low carbon industries in Scotland generated £10.7 billion in turnover…



JD Sports buys Go Outdoors for £112m

JD Sports Fashion said it bought Go Outdoors for about £112.3 million from its private equity buyers. JD Sports said the acquisition will complement its existing interest in…


Burness Paull on 50 deals worth £2.5bn

Scottish law firm Burness Paull said it completed almost 50 corporate deals worth more than £2.5 billion in the last three months. Among a number of private…



Aberdeen assets up 10% to £312.1 billion

Aberdeen Asset Management said its assets under management rose 10% to £312.1 billion in the year to September 30 — but underlying profit before tax decreased to £352.7…






£144m plan for Glasgow Airport ‘tram-trains’

Glasgow Council leaders have unveiled plans to build a direct “tram-trains” rail link between Glasgow Airport, Paisley and Glasgow city centre. It said the £144 million Glasgow Airport…


China’s Ctrip to buy Skyscanner for £1.4bn

China’s biggest online travel company Ctrip.com International said it agreed to buy Edinburgh-based travel search site Skyscanner Holdings for about £1.4 billion. Ctrip said Skyscanner’s current management team…


BNY Mellon on Aberdeen Council £370m bond

BNY Mellon said it has been appointed as trustee and paying agent on Aberdeen City Council’s £370 million bond issue — the largest ever bond issued by a…


Price forced Aberdeen to abandon Pioneer bid

Aberdeen Asset Management pulled out of a bid for UniCredit’s Pioneer Global Asset Management because the 3.5 billion euros price was too high, Aberdeen’s chief executive…



Macfarlane shares up 8% as profit rises

Shares of Glasgow-based packaging firm Macfarlane Group rose 8% after it said its profit before tax for 2016 to date “continues to be well above the…


Diageo workers vote for industrial action

Workers at Scotch whisky and drinks giant Diageo have voted to take industrial action over the company’s plans to change their pension schemes. The Unite union said its…


Martin named Newsquest Scotland editor-in-chief

Newsquest Scotland has appointed veteran Scottish newspaperman Donald Martin as its editor-in-chief. Martin will return to Newsquest Scotland to lead about 200 journalists and a portfolio of titles…



Flybe terminates Loganair franchise agreement

UK airline Flybe announced that its franchise agreement with Glasgow-based Loganair to fly under the Flybe brand has been terminated with effect from August 2017 “following…


Omega’s allergy business could be acquired

Shares of Alva-based Omega Diagnostics Group rose about 5% after it said it received an approach from Immunodiagnostic Systems Holdings (IDS) which could result in the acquisition of Omega’s allergy business. IDS…





FanDuel to merge with rival DraftKings

Manhattan and Edinburgh-based fantasy sports firm FanDuel said on Friday it has agreed to merge with rival DraftKings. The transaction, subject to regulatory approvals, is expected…




Nish touted as contender for HSBC chairman

Speculation has been mounting in recent days that former Standard Life chief executive David Nish could be a strong internal candidate to succeed fellow Scot Douglas Flint as chairman…



Parkmead looks to buy as it reduces losses

Aberdeen-based independent oil and gas firm Parkmead said it is evaluating more acquisition opportunities to take advantage of low oil prices as it announced it made a £6.7…


Regulator calls for asset management reforms

The Financial Conduct Authority (FCA) has published critical interim findings from its market study into the UK’s £7 trillion asset management industry, saying that “price competition is weak” and that profits remain…