July 2017


Stan Life votes against PwC as Vodafone auditor

Edinburgh-based Standard Life Investments said it voted its clients’ 465 million shares in Vodafone against Vodafone’s resolution to reappoint PricewaterhouseCoopers (PwC) as Vodafone’s auditors and against…











BrewDog looking to expand to Australia

Aberdeenshire-based craft beer brewer BrewDog has announced plans to build a brewery in Australia and said it is looking for “a kick-ass location” for its…
















Weir shares soar on North American recovery

Shares of Glasgow-based engineering giant Weir Group rose more than 7% after it gave an update to its 2017 outlook that “reflects accelerated recovery in North American oil…



More upheaval at Menzies merger target DX

Courier firm DX Group, currently in the process of merging with the distribution business of Edinburgh-based John Menzies, said it will split its business into two divisions —…



Head of Student Loans Company ‘suspended’

Steve Lamey, the chief executive of the UK’s Glasgow-based Student Loans Company (SLC), has been suspended pending an investigation, according to reports. No clear reason was…


FanDuel and DraftKings terminate merger

Edinburgh-headquartered FanDuel and Boston-based DraftKings, the two largest daily fantasy sports sites, have terminated their merger agreement. The decision follows the move by the US Federal Trade…







Scots unemployment at record low of 3.8%

Scotland’s unemployment rate fell to a record low of 3.8% over the last quarter, down 0.7 percentage points, according to labour market statistics for March to…





Cairn Energy finds oil offshore Senegal

Edinburgh-based oil and gas company Cairn Energy announced the results of the FAN South-1 well in the South Fan prospect offshore Senegal. “The well encountered…


Craneware expects revenue up 16% to $57.8m

Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, said in a trading update for the year ended June 30, 2017, that it expects to…



Cochrane becomes interim CEO of Carillion

Construction and outsourcing firm Carillion said on Monday it appointed Keith Cochrane — former chief executive of Stagecoach and Weir Group — as its interim…