Dundee games studio Hutch bought in $375m deal
Sweden’s Modern Times Group (MTG) AB has agreed to buy free-to-play mobile racing games firm Hutch Games — which has studios in Dundee — for up…
Sweden’s Modern Times Group (MTG) AB has agreed to buy free-to-play mobile racing games firm Hutch Games — which has studios in Dundee — for up…
Almost a quarter (22%) of FTSE 350 defined benefit (DB) pension schemes with rated sponsors expect corporate insolvency before they reach buy-out, according to analysis…
The University of Strathclyde has announced that Mairi Spowage will be the new interim Director of the Fraser of Allander Institute — Scotland’s leading independent…
Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial markets trading, on Wednesday announced a payment of the earn-out consideration for its acquisition of Velocimetrics Limited,…
Aberdeen-based global engineering group Wood plc has announced it is “transforming paper and textile production through innovative design and engineering” on two of the most…
The Scottish Government announced on Wednesday that more than 200 jobs will be created through the development of a new deep water terminal at Stornoway…
Shares of Perth-based bus and rail giant Stagecoach Group plc rose as much as 12% on Wednesday despite the firm reporting that its revenue fell…
Aberdeen Standard Investments (ASI) said on Wednesday it will acquire 60% of Tritax Management LLP to strengthen the combined offering of both firms in the…
The chief executive of the Scotch Whisky Association late on Tuesday welcomed the news that the UK government plans to suspend retaliatory tariffs imposed on…
New analysis from EQ (Equiniti Group plc), one of the largest providers of outsourced pension administration in the UK, suggests that nearly half of full-time British…
Shares of Perth-based renewable energy and networks giant SSE plc rose about 3% on Tuesday after UK energy watchdog Ofgem proposed a return on equity…
The £200 million Keystone Investment Trust plc said on Monday it has decided to appoint Edinburgh-based investment giant Baillie Gifford to manage the trust using…
Menzies Aviation, the Edinburgh-based global airport services specialist, has announced the acquisition of a 51% shareholding in Royal Airport Services (RAS), a leading aviation services…
Italy’s Eni is buying a 20% stake in the Dogger Bank Wind Farm project from Perth-based SSE and Norway’s Equinor. Dogger Bank Wind Farm, off…
Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Edinburgh-based Standard Life Assurance, told Reuters on Thursday it expects more companies…
Edinburgh-based investment giant Standard Life Aberdeen said on Thursday it sold another slice of its stake in HDFC Life in India for about £172 million. The…
A new report from leading think tank IPPR has urged the UK and Scottish governments to work together to develop a new net zero deal…
The Scottish Government said on Wednesday the new Scottish National Investment Bank has been set three core “missions” to ensure it addresses the “grand challenges”…
Shares of Edinburgh funds platform Nucleus Financial Group soared almost 40% on Wednesday afternoon after it confirmed it has received separate proposals regarding possible offers to…
Shares of Glasgow-based cloud computing firm Iomart Group plc fell about 7% on Tuesday after it published half yearly results for the period ended September…
Shares of Glasgow-based global mining and engineering giant Weir Group edged 2% higher on Tuesday after it won a £95 million order to provide aftermarket components and…
Baillie Gifford’s £3 billion Monks Investment Trust plc said on Tuesday it produced a net asset value (NAV) total return of 26.8% compared to an increase of 10.2% for the…
Lloyds Banking Group (LBG) — parent of Scottish Widows, Bank of Scotland and Halifax — has named Charlie Nunn, currently global chief executive of wealth…
Australia-based Scotgold Resources, the gold exploration and production company focused on Scotland, published results for the year ended June 30, 2020, on Monday. Scotgold said…
Springfield Properties, which is building a number of new communities throughout Scotland, said on Monday it has been granted planning approval for 75 homes to…
Shares of Alva-based Omega Diagnostics Group rose about 7% on Monday despite announcing results for the six months ended September 30, 2020, showing its revenue…
Scottish investment industry veteran Martin Gilbert is to be the next chair of Scottish Golf, the national governing body of the sport in Scotland. The…
Scottish Investment Operations (SIO) has appointed Standard Life Aberdeen’s Denise Thomas as its new chair to succeed Pauline Burns who has held the position since 2017….
Aberdeen Standard Investments (ASI) said on Monday it selected DEAS Group, the asset and property management group in Denmark, as the preferred bidder to acquire its…
Edinburgh-based international oil and gas company Cairn Energy said on Friday that director Nicoletta Giadrossi will be appointed non-executive chair of the company with effect from…
Spanish bank Banco Sabadell has given Goldman Sachs a mandate to sell Edinburgh-based TSB, its loss-making UK business, according to a Reuters report on Friday….
Shares of Linlithgow-based telecoms firm Calnex Solutions plc rose another 9% on Thursday following Wednesday’s roughly 20% gain on the back of a positive set…
Perth-based SSE Renewables and its 50-50 joint venture partner Equinor have reached financial close on the first two phases of what will be the world’s…
Aberdeen Standard Investments (ASI) said on Thursday it has created a new platform that will allow investors to track a broad spectrum of “investable” hedge…
The UK Debt Management Office (DMO) has announced the UK government will sell a further £92 billion of bonds over the next four months. The…
Scotland’s gross domestic product (GDP) increased by 1.6% in September — but output remains 7.6% below the level in February before the impact of the…
Shares of Virgin Money UK fell about 5% on Wednesday after it said its full-year underlying profit before tax fell 77% to £124 million “primarily due”…
Glasgow-based sausage skin and food collagen products firm Devro said on Tuesday its trading for the period July 1 to October 31, 2020, remained “robust” despite the…
The recently-created South of Scotland Enterprise (SOSE) has announced that its permanent chief executive will be Jane Morrison-Ross, currently CEO of ScotlandIS, the organisation for…
Global dividends fell $55 billion or 11.4% to $329.8 billion in the third quarter of 2020 as companies cancelled and cut payouts during the coronavirus…
Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Edinburgh-based Standard Life Assurance, said on Tuesday it is assessing a sale of…
The Scottish National Investment Bank has officially opened for business with the completion of its first major investment — a £12.5 million vote of confidence…
Office investment in Edinburgh totalled £210 million between Q1 and Q3 of 2020, slightly ahead of the £205 million long term average for this period,…
Glasgow-based packaging firm Macfarlane Group on Thursday published an update on its trading for the period from June 30 to October 31, 2020. “The board…
Falkirk-based global bus manufacturer Alexander Dennis Limited (ADL) said it welcomed the UK Government’s Ten Point Plan for a Green Industrial Revolution “and the commitment to…
Aberdeen Standard Investments (ASI) has this week announced a number of key appointments in its funds invested in smaller companies. Abby Glennie has been appointed…
Port of Cromarty Firth in Invergordon has signed a Letter of Intent with Ideol, a global leader in floating foundations for offshore wind that is based in…
Shares of Perth-based energy and networks giant SSE plc rose almost 5% on Wednesday after it published half-year results showing progress on its £7.5 billion…
Alvance Aluminium, a member of Sanjeev Gupta’s GFG Alliance, has announced a new £94 million investment package “to secure Fort William’s future as a Greenaluminium…
Virgin Money UK said on Tuesday it has appointed Clifford Abrahams as its chief financial officer (CFO). It is expected Abrahams will join Virgin Money…
Shares of Edinburgh-based Craneware, a provider of software for the US healthcare market, rose about 12% on Tuesday after it published a trading update for…
Institutional shareholders will be clamping down further on executive pension perks “in a move to promote fairness and good employee relations” — according to the…
Shares of Glasgow-based temporary power giant Aggreko plc rose about 2% on Tuesday after it published a trading update for the nine months ended September…
Downing Street moved late on Monday to try and repair the damage done by UK Prime Minister Boris Johnson with his comments to Tory MPs…
Aberdeen-based global engineering group Wood plc said on Monday it has completed the sale of its joint venture interest in TransCanada Turbines to joint venture…
Perth-based bus and rail giant Stagecoach Group plc said on Monday it has agreed an extension to the period of time covered by waivers of…
Aviva said on Monday that with support from the Scottish Government it has launched one of the UK’s largest combined solar carports and energy storage…
Edinburgh-headquartered Menzies Aviation said on Monday it won a three year ground handling and cleaning contract with Scottish airline Loganair at both Glasgow and Edinburgh…
Perth-based energy giant SSE, Iberdrola’s ScottishPower and the UK’s National Grid have confirmed they are developing ambitious plans to deliver “an underwater super-highway that will see…
Edinburgh-based Sainsbury’s Bank has received an approach from NatWest-RBS for a potential takeover. The development comes a week after supermarket group Sainsbury’s said it received third-party…
Scottish Financial Enterprise (SFE) said Scotland exported £9.2 billion of financial and related professional services in 2019, up 7.7% from 2018, citing a new report from TheCityUK.SFE…
Shares of Alva-based Omega Diagnostics Group fell about 15% on Thursday amid reaction to a study published in the BMJ evaluating “the accuracy of the AbC-19TM Rapid Test…
Standard Life Aberdeen’s new CEO Stephen Bird is planning a big strategic shift for the active asset management giant by building a stable of passive…
Edinburgh-based investment giant Aberdeen Standard Investments (ASI) said on Thursday it has launched a range of sustainable index funds. “The sustainable index funds each track…
Petroineos said on Tuesday it plans to mothball nearly half of its 200,000 barrel-per-day refinery at Grangemouth due to a coronavirus-related drop in demand for…
The combined deficit of UK defined benefit pension schemes increased by £2.1 billion in October to £168.2 billion, according to new data from the Pension…
UK wealth manager Brewin Dolphin said on Tuesday that former Scottish Widows boss Toby Strauss will become its next chairman on February 5, 2021. Brewin…
UK pension fund trustees are involved in a major clash with fund managers over voting on vital ESG issues – with the UK government now…
Shares of Aberdeen-based bus and rail giant FirstGroup plc rose 15% on Monday amid news that it secured “enhanced financial flexibility from its lenders” and…
Scottish Widows is to divest at least £440 million from companies that have failed to meet its environmental, social and governance (ESG) standards. Widows warned…