Tracy Black starts as new CBI Scotland Director
CBI Scotland announced that Tracy Black has taken over from Hugh Aitken as the CBI’s Director for Scotland as of January 1. Aitken will remain…
2018
IndigoVision confirms Simoes as new CEO
Edinburgh-based video security company IndigoVision said Pedro Simoes has been confirmed as its chief executive officer and has joined the board as an executive director with…
Ineos in legal bid to challenge Scots fracking ban
Grangemouth refinery operator Ineos said on Tuesday it will seek a judicial review of the recent decision by the Scottish Government to “effectively ban” fracking. Ineos…
Craneware stock up on strong sales, contract win
Shares of Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, rose about 6% on Monday after a positive trading update for the six months ended…
Former RBS interest rate trader fined and banned
The UK’s Financial Conduct Authority (FCA) said it imposed a financial penalty of £250,000 on former Royal Bank of Scotland (RBS) interest rate derivatives trader,…
‘Window of opportunity’ to keep Scotland in Europe
Scotland’s First Minister Nicola Sturgeon said the first few months of 2018 are a “window of opportunity” for those working to protect Scotland’s place in Europe…
Brexit threatens Scots seafood processing industry
Around 58% of employees at Scottish seafood processing businesses are from the non-UK European Economic Area (EEA), according to a new report. This demonstrates how…
Legal & General buys Atlantic Quay 3 for £50m
LGIM Real Assets (Legal & General) has acquired Atlantic Quay 3, the central Glasgow Scottish court and tribunal building, from the Moorfield Group for £50…
Standard Life’s 1825 buys Cumberland Place
1825, Standard life’s financial planning business, has agreed to acquire Cumberland Place Financial Management Ltd which has assets under advice of £400 million. The acquisition…
RBS sells $270m of Lombard loans
Royal Bank of Scotland (RBS) has sold offshore loans held by its Lombard Finance subsidiary to specialist lenders Investec and Shawbrook Bank, according to a…
Edinburgh’s Bachmann & Welser raises $1.25bn
Edinburgh-based Bachmann & Welser Capital Limited, a provider of trade finance and project finance, announced the completion of an $750 million equity capital raise and additional commitments…
Edinburgh Airport ‘could be sold for £2bn’ – reports
Global Infrastructure Partners (GIP) has explored a possible sale of Edinburgh Airport — with investment bankers saying it could fetch up to £2 billion, according…
Aberdeen ‘set for surge in corporate deal activity’
Aberdeen corporate finance expert Tom Faichnie has predicted the Granite City will experience a surge in merger and acquisition deal activity in 2018. Faichnie, managing…
£160m investment to open 100 new Co-op stores
The Co-op has announced plans to open 100 new food stores across the UK in 2018, creating 1,600 jobs. The Manchester-based community retailer will invest…