Swiss Re exits Phoenix with £440m share sale

Reinsurance giant Swiss Re has sold its remaining 6.6% shareholding in closed life and pension fund consolidator Phoenix Group Holdings by selling 66,199,917 ordinary shares…


Investment trust body AIC makes board changes

The membership of the Association of Investment Companies (AIC) has elected former Standard Life Investments head of investment companies Gordon Humphries and Fidelity International’s head of…







FCA probes cost of financial markets data

The UK’s Financial Conduct Authority announced it will launch two market studies “and gather further information” to investigate access to wholesale data in financial markets…



Linlithgow’s Calnex beefs up board with two hires

Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc on Tuesday announced the appointments of corporate veterans Margaret Rice-Jones and Stephen Davidson as non-executive directors of the…












Abrdn UK Smaller Companies Growth Trust up 30%

The £800 million Abrdn UK Smaller Companies Growth Trust plc and Baillie Gifford’s £1 billion Scottish American Investment Company plc were among the best performing investment trusts of…


Macfarlane sells labels business to Reflex

Glasgow-based packaging firm Macfarlane Group has announced the sale of its Macfarlane Labels Limited division to The Reflex Group Limited for £6.4 million. Macfarlane said…








Miller Homes bought by Apollo and management

Edinburgh-based Miller Homes has been bought from private equity firm Bridgepoint Group plc by funds managed by affiliates of New York-based investment firm Apollo and the existing…



Celtic Football Club appoints CEO and CFO

Celtic Football Club has confirmed the appointment of Michael Nicholson as chief executive with immediate effect. Chris McKay, the club’s finance director and member of…







Scotgold to extend Cononish, explore Grampians

Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, said on Wednesday it plans to extend the life of its Cononish gold mine near Tyndrum…