News


Mallon to succeed Higgins as Tesco Bank CEO

Edinburgh-based Tesco Bank has recruited Gerry Mallon as its new chief executive to succeed the colourful Benny Higgins, who will retire from Tesco Bank on February…






Provan new boss at Glasgow, Aberdeen airports

AGS Airports Ltd, which owns Glasgow Airport, Aberdeen International Airport and Southampton Airport, confirmed that Derek Provan will succeed Amanda McMillan as both CEO of…






Scots firms optimistic but recruitment still tough

The latest Scottish Chambers of Commerce’s Quarterly Economic Indicator survey showed Scottish firms continuing to display resilience amid economic uncertainty — and found growing optimism within…


V&A Dundee to open on September 15

V&A Dundee, Scotland’s first design museum, announced it will open to the public on Saturday, September 15, 2018. It will be the only V&A museum…


Scots hotel investment up 60% to £195m

Investment in Scottish hotels in 2017 reached £195 million involving 23 deals — a 60% increase on the total investment volume recorded in 2016, according to…


Franklin buys Sandy Nairn’s Edinburgh Partners

UPDATE 3 — Global asset management giant Franklin Resources, Inc, operating as Franklin Templeton Investments, has agreed to acquire Sandy Nairn’s independent fund management firm Edinburgh…



Swiss bank Julius Baer appoints Edinburgh boss

Swiss private bank Julius Baer International announced the appointment of Calum Brewster as its Edinburgh-based Managing Director, Head of UK Regional Offices. Brewster’s appointment follows…


Abu Dhabi investor buys $120m Caledonian Hotel

Twenty14 Holdings (T14H), the hospitality investment arm of Abu Dhabi-based Lulu Group International, has completed the $120 million acquisition of the Waldorf Astoria Edinburgh – The…







Xmas revenue up 32% at fashion firm Quiz

Glasgow-based fashion firm Quiz said its Christmas trading was in line with expectations with a 31.9% increase in group revenue for the seven-week period from November 19,…




IndigoVision confirms Simoes as new CEO

Edinburgh-based video security company IndigoVision said Pedro Simoes has been confirmed as its chief executive officer and has joined the board as an executive director with…








Standard Life’s 1825 buys Cumberland Place

1825, Standard life’s financial planning business, has agreed to acquire Cumberland Place Financial Management Ltd which has assets under advice of £400 million. The acquisition…


RBS sells $270m of Lombard loans

Royal Bank of Scotland (RBS) has sold offshore loans held by its Lombard Finance subsidiary to specialist lenders Investec and Shawbrook Bank, according to a…


Edinburgh’s Bachmann & Welser raises $1.25bn

Edinburgh-based Bachmann & Welser Capital Limited, a provider of trade finance and project finance, announced the completion of an $750 million equity capital raise and additional commitments…








Investment syndicate Archangels in record year

Archangels, the Edinburgh-based business angel investment syndicate, has celebrated its 25th anniversary in 2017 by leading a record level of investment in Scottish early stage…


ScotRail to blame ‘for only one-third of delays’

Edinburgh-based think tank Reform Scotland has released a briefing paper which says constant discussion about nationalising ScotRail “is a meaningless distraction.” The report called “On The Right…






RBS pays $125m in California MBS settlement

California Attorney General Xavier Becerra announced a $125 million settlement with the Royal Bank of Scotland (RBS) over misrepresentations about residential mortgage-backed securities sold to California’s…






Ex-PwC partner Cartwright is new ICAS chief

Bruce Cartwright, former PwC partner and head of corporate restructuring, Scotland, has been appointed as the new chief executive of Edinburgh-based ICAS, the global professional…





MacBrayne revenue rises to £195m

Passenger numbers and revenue increased over the past year at ferry operator David MacBrayne Ltd (DML), according to the company’s annual report and accounts. DML…