News



BrewDog hires Diageo expert in whisky, rum move

Aberdeenshire-based craft brewing firm BrewDog said it appointed former Diego executive David Gates as managing director of BrewDog Distilling. The appointment comes as BrewDog’s distilling…









Scots GDP growth of 0.5% confirmed

New statistics have confirmed the Scottish economy grew by 0.5% during the second quarter of 2018, unchanged from the first estimate. Compared to the same…


Pharma worth £1.7bn to Scots economy

The pharmaceutical industry is worth roughly £1.7 billion to Scotland‘s economy and directly supports more than 5,000 jobs across the country, according to a new report by…


Flint to be new chair at Standard Life Aberdeen

Edinburgh-based investment giant Standard Life Aberdeen plc on Tuesday confirmed recent speculation that former HSBC chairman Douglas Jardine Flint will succeed Gerry Grimstone as the…



Nucleus assets rise to £14.7bn, but flows fall

Edinburgh-based funds platform Nucleus Financial Group Plc on Friday published a third-quarter trading update which showed assets under administration up 14% to £14.7 billion. However, net flows…







Edinburgh’s ZoneFox bought by Fortinet of US

Sunnyvale, California-based cloud security company Fortinet said on Tuesday it will acquire Edinburgh-based cyber security software firm ZoneFox. Fortinet has a stock market value of around…




Scots GDP growth strongest since 2014

Scotland’s economy continued to strengthen in the first half of 2018 with annual GDP growth the strongest since 2014 and above the UK as a…




Alliance Trust Savings sold for £40m

Dundee-based investment firm Alliance Trust said on Monday it agreed the sale of its subsidiary company Alliance Trust Savings (ATS) to Interactive Investor (ii), the…



Custos ups Johnston Press stake to 25%

Custos Group, the largest shareholder in Johnston Press — the debt-laden owner of The Scotsman, the i newspaper, the Yorkshire Post and about 200 local news outlets —…


250 Edinburgh jobs in Amazon expansion

Amazon has announced plans to open a new corporate office in Manchester in 2019 and increase the capacity of its Scotland Development Centre and Cambridge…










Sports Direct buys £95m Frasers building

Sports Direct International plc, run by Mike Ashley, said it agreed to buy the freehold of the Frasers department store in Glasgow for £95 million. Sports…












Scots farming output hit by bad weather

Bad weather affected the output of Scottish agriculture over the past year, with sheep and cattle numbers falling and reductions in output of cereals and…





Hotel Indigo Glasgow sold to Singapore firm

Maven Property, the property arm of Glasgow-based private equity firm Maven Capital Partners, said it completed the £14.5 million sale of the four-star Hotel Indigo…



Scots job market continues to improve

Scottish labour market conditions continued to improve in September, with sharp growth being recorded in both permanent placements and temporary staff billings, according to the…





Souter sells Finland’s OnniBus to Koiviston

Souter Investments, the family investment office of Stagecoach Group founder Brian Souter, said on Thursday it completed the sale of Finnish intercity bus operator OnniBus.com to Koiviston Auto…