February 2018





Devro revenue up 6.6% to £257m

Glasgow-based sausage skin and collagen products firm Devro plc said statutory revenue rose 6.6% to £256.9 million in 2017 and statutory profit before tax was £21.6 million, up from £6.2…





Standard Life Aberdeen in £3.2bn insurance sale

Standard Life Aberdeen on Friday confirmed the sale of its “capital-intensive” insurance business to Phoenix Group for a total consideration of £3.24 billion including £2.28 billion in cash and…





Macfarlane Group sales up 9% to £196m

Glasgow-based packaging firm Macfarlane Group said its sales rose 9% to £196 million and profit before tax jumped 19% to £9.3 million in 2017. Macfarlane is…









RBS small business scandal report published

The UK Government’s Treasury Select Committee on Tuesday published the final, unredacted skilled persons’ report into the treatment of small business customers by Royal Bank of Scotland’s…





Dorner completes Virgin Money female top team

Edinburgh and Newcastle-based Virgin Money has confirmed the appointment of former HSBC executive Irene Dorner as chair elect of the challenger bank. The appointment helps create the…


Aegon UK platform assets rise to £117bn

Edinburgh-based Aegon UK said the acquisition of Cofunds and “exceptional” organic growth has seen the firm add more than £15 billion to take its “platform” assets up…




Edinburgh’s Craneware wins US health contracts

Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, announce two significant new contracts with hospital providers in the US. Both hospital providers are new…


Smart Metering Systems wins UK rental deal

Glasgow-based Smart Metering Systems (SMS) announced it has signed a new meter rental agreement with Utilita Energy “to provide an opportunity for over 100,000 new…


Top 100 private Scots firms make £21bn turnover

Grant Thornton’s Scotland Limited report for 2017 shows that Scotland’s largest 100 private limited companies made a combined turnover of £21.4 billion, made combined pre-tax profits of…



£33m investment for Scots medical device plant

Tokyo-based Terumo Corporation announced an investment of £33 million in its Renfrewshire subsidiary Vascutek Limited. The investment has been approved for the major expansion of…


Wood wins Saudi Aramco mega-project deal

Aberdeen-based oil and engineering giant Wood plc said it secured a new multi-million dollar, five-year contract to support Saudi Aramco in the delivery of one…


Scots business optimism at 43-month high

Scottish private sector business optimism has strengthened “markedly” to a 43-month high, according to the latest Bank of Scotland Purchasing Managers’ Index (PMI). “Activity in…






Goals Soccer names Anson as new CEO

East Kilbride-based Goals Soccer Centres said it appointed Andrew Anson as its chief executive with effect from April 23, 2018. Anson has held senior roles at The Walt…





Stagecoach shares fall amid East Coast woes

Shares of Perth-based transport giant Stagecoach fell as much as 14% on Tuesday, the day after UK Transport Secretary Chris Grayling said the Stagecoach-led Virgin Trains East…










Johnston Press revenue falls 5%

Johnston Press — the embattled owner of The Scotsman, the i newspaper and about 200 local newspapers and websites — said in a trading update that…



Aberdeen Standard and Big Issue launch fund

Aberdeen Standard Investments announced the launch of the UK Equity Impact – Employment Opportunities Fund in collaboration with Big Issue Invest, the social investment arm…



10-year deal to protect Scotch Whisky IP in China

The Scotch Whisky Association (SWA) has renewed its collective trademarks ‘Scotch Whisky’ and its translation ‘苏格兰威士忌’ in China — the world’s largest spirits market —…