Menzies profit to be £2m less than expected

Edinburgh-based airport cargo handling and news distribution company John Menzies has warned shareholders it now expects full year earnings to be £2 million below previous expectations due partly…


‘Rates must go up’ — Aberdeen’s Young

Interest rates “must go up because they (artificially low rates) are distorting so much” said Hugh Young, managing director of Aberdeen Asset Management Asia. “I mean, it’s not…



HBOS report: execs could face action

The report into the collapse of HBOS has recommended that regulators should consider whether former bosses at the bank should be banned from the finance industry. The review also concluded…


$10trln asset management sector probed

The UK’s Financial Conduct Authority (FCA) is to investigate whether Britain’s $10 trillion (£6.6 trillion) asset management industry delivers value for money for investors. The FCA said…



$20bn Nthn Rock loans sold to Cerberus

The UK government has sold $20 billion (£13 billion) of former Northern Rock mortgages and loans to US private equity firm Cerberus in the largest ever…


FanDuel to challenge NY ban

Edinburgh-based fantasy sports operator FanDuel looks set to legally challenge a “cease-and-desist letter” from New York attorney general Eric Schneiderman that has ordered it to stop accepting bets in New York State….




Scottish Mortgage Targets Unlisted Firms

Scottish Mortgage Investment Trust’s latest results show a big increase in its stakes in companies not listed on the stock market and reveal that more than…





Firms lured to £1bn Dundee Waterfront plan

A growing number of international and UK-based investors and developers are showing interest in the £1 billion Dundee Waterfront regeneration project that will transform 240 acres…






Lloyds chairman causes EU stir

The chairman of Lloyds Banking Group — which includes Halifax Bank of Scotland and Scottish Widows — has caused a stir by arguing there was no…


Scot wins Nobel Prize for economics

Scottish-born Angus Deaton, a professor at Princeton University in New Jersey, has been awarded the Nobel Prize for economics “for his analysis of consumption, poverty,…


CEO Godfrey leaves Investment Association

The Investment Association (IA) — the powerful trade group for the Scottish and UK fund management industry — said Daniel Godfrey is leaving his role as its chief executive,…


Arnold Clark turnover hits record £3.3bn

Glasgow-based Arnold Clark Automobiles, Scotland’s biggest privately-owned company, said its turnover rose almost 12% to a record £3.3 billion in 2014. “It is very fitting that…


Scotch giant Diageo hires new CFO from Xerox

Scotch whisky giant Diageo, the world’s biggest spirits maker, said Kathryn Mikells (pictured) will become its chief financial officer on November 9. Mikells succeeds Deirdre Mahlan, who is returning to…


Watson succeeds Keiller as Wood Group CEO

Aberdeen-based global oil services giant Wood Group said its chief operating officer Robin Watson would succeed veteran Bob Keiller as chief executive officer on January 1….



Scots Govt. launches $118m innovation fund

Scotland’s First Minister Nicola Sturgeon has launched a £78 million ($118m) fund to help the country become an “innovation nation” and push Scottish businesses to develop almost 1,000 new inventions, products and…


73% of Scots businesses want to stay in EU

About 73% of Scottish businesses would vote to remain in the European Union in a referendum, with that figure rising to 90% for large Scottish companies, according…


Edinburgh Council to sell Atria for £100m

The City of Edinburgh Council has put the prestigious Atria office development in the heart of the Scottish capital’s Exchange financial district on the market for…


Stagecoach wins extension of East Midlands

Stagecoach subsidiary East Midlands Trains has won a deal to continue running services between London, the East Midlands and parts of the north of England until…


Glasgow-based Aggreko expands in Canada

Glasgow-based mobile power giant Aggreko has announced an expansion in Canada with an agreement for the £18 million acquisition of ICS Group, a provider of temperature control products….





World trade up in June, down for quarter

World trade volume expanded 2% in June following a 1.3% decline in May, according to the latest report from the Netherlands-based CPB World Trade Monitor….


Lothian Buses hit £135m revenue; trams strong

The main bus company for Scotland’s capital city continues to make good profits for major shareholder Edinburgh Council, while the new Edinburgh Trams service has made a stronger start…


Global M&A volume reaches $3 trillion for 2015

Global mergers and acquisitions (M&A) volume for 2015 reached $3 trillion on August 11, according to research firm Dealogic. At 223 days into 2015, that’s the second fastest…




Scientists dismayed at move to ban GM crops

The Scottish Government said on Sunday it wants to ban the growing of genetically modified (GM) crops in Scotland. Some scientists and farmers’ leaders said they were…



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