IndigoVision bought by Motorola for 129% premium
Edinburgh-based video security company IndigoVision said on Tuesday it agreed to be acquired by Motorola Solutions, Inc. for £30.4 million in cash. Motorola Solutions will pay 405p per…
Edinburgh-based video security company IndigoVision said on Tuesday it agreed to be acquired by Motorola Solutions, Inc. for £30.4 million in cash. Motorola Solutions will pay 405p per…
US stocks suffered their biggest one-day drop since 1987 on Monday as the Federal Reserve’s surprise move to cut interest rates to near zero increased…
The UK Treasury announced on Monday afternoon that the UK’s devolved governments will receive at least £1.5 billion “to make sure they have the resources…
Shares of Edinburgh-based aviation services company John Menzies plc plunged another 35% on Monday amid the impact of the coronavirus on the aviation industry. Menzies shares fell…
Edinburgh-based Frontier IP, a specialist in commercialising university intellectual property, said on Friday its portfolio company The Vaccine Group (TVG) is making “material progress ……
The Scottish Government’s finance secretary Kate Forbes on Saturday announced new measures to help limit the impact of COVID-19 on the business community in Scotland. She…
Edinburgh Airport warned on Friday it is facing the potential of three months of “zero or close to zero passenger demand” due to the coronavirus…
Shares of Glasgow-based Smart Metering Systems (SMS) rose almost 20% on Thursday after it announced the conditional sale of “a minority of the group’s meter…
UK finance minister Rishi Sunak on Wednesday unveiled his budget — a £30 billion stimulus package — and promised to do whatever it takes to…
Cumbernauld-based Irn-Bru maker A.G. Barr came out fighting on Wednesday after news from PepsiCo Inc that it agreed to buy Rockstar Energy Beverages for $3.85 billion….
By Mark McSherry Aberdeen-based global bus and rail giant FirstGroup plc said on Wednesday it has started a formal process to sell its North American contract…
Shares of Glasgow-based media firm STV Group plc rose about 7% on Tuesday after it said its 2019 adjusted profit before tax rose 11% to £21…
Edinburgh-based international oil and gas company Cairn Energy said on Tuesday its 2019 revenue rose to $533.4 million from $410.3 million in 2018 and its…
Aberdeen-based Wood plc, the global engineering and consulting company, said on Tuesday its 2019 revenue slipped 1.2% to $9.89 billion but pretax profit soared to $148.7…
Edinburgh-based aviation services company John Menzies plc said on Tuesday it has temporarily suspended its dividend due to the impact of the coronavirus on its operations “and…
Edinburgh-based asset management giant Standard Life Aberdeen said on Tuesday its assets under management and administration were £544.6 billion at December 31, 2019, down slightly…
Scottish Widows said on Monday it has launched a new “responsible investment and stewardship framework” as it outlined plans to enhance its sustainability practices “and…
The Scottish private sector economy approached stagnation in February, growing only fractionally, according to the latest Royal Bank of Scotland Purchasing Managers’ Index (PMI). However,…
Aberdeen Standard Capital (ASC) said on Monday it appointed Barry Hardisty as Head of International based in Jersey. Aberdeen Standard Capital is the discretionary investment…
Aberdeen-based Wood plc, the global engineering and consulting company, said on Monday it completed the sale of its nuclear business to Jacobs for £250 million…
Aberdeen-based global bus and rail giant FirstGroup plc has come under renewed attack from activist hedge fund Coast Capital which wants the group to demerge…
Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of Edinburgh-based Standard Life Assurance, announced on Monday that Jim McConville, group finance director…
Global stock markets tumbled on Monday as investors fled to bonds amid the economic shock of the coronavirus, while oil prices plunged about 25% after…
The ongoing shortage of suitable job candidates in Scotland contributed to permanent staff appointments declining for the first time in four months in February, according…
Fund management giant Schroders said it generated record net inflows of £43.4 billion in 2019, with positive net inflows across all asset classes as the first…
Dundee investment company Alliance Trust plc, which now uses external fund managers Willis Towers Watson (WTW), said on Friday its total shareholder return for 2019…
Shares of Edinburgh-based video security company IndigoVision rose about 16% on Thursday after it said its revenue rose 9.2% to $50.2 million in 2019 and…
The Investment Association (IA) — the powerful trade group for the Scottish and UK fund management industry — on Thursday outlined its expectations of companies on…
Regional airline Flybe — which connects all corners of the United Kingdom — said on Thursday it has entered administration after the UK Government walked away…
Shares of Glasgow-based sausage skin and collagen products firm Devro rose 7% on Wednesday after the firm announced results for the year ended December 31, 2019…
Montane, the Ashington-based mountain sports clothing and equipment company, said Edinburgh-based consumer brand investor Inverleith LLP has secured a majority stake in the company. Montane…
Edinburgh-based fund manager Martin Currie, the Legg Mason affiliate and active equity specialist with $17.2 billion of assets under management, has hired Yulia Hofstede as…
Analysis from Hymans Robertson has shown that the financial impact of the coronavirus contributed to the rise of UK Defined Benefit (DB) pension scheme deficits…
Edinburgh-based Craneware, a software firm that specializes in US healthcare, said on Tuesday its profit before tax increased 3% to $9.6 million on flat revenue of…
Shares of Glasgow-based Aggreko, the world’s largest temporary power firm, rose 5% on Tuesday after it said its profit before tax rose 9% to £199 million in…
Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial markets trading, said on Monday its revenues increased 23% to £4.29 million for the six months…
The coronavirus Covid-19 presents the global economy with its greatest danger since the financial crisis, according to the OECD’s latest Interim Economic Outlook. The Interim Outlook…
A patient has been diagnosed with coronavirus (COVID-19) in Scotland — the first case confirmed in the country. The patient is a resident of the…
The FTSE 100 index in London fell 11.1% this week – wiping £210.3 billion off the value of its constituent companies’ shares and marking its…
The economies of Edinburgh and Glasgow will grow faster than the UK’s annual average of 1.6% GVA between 2020 and 2024, according to the EY…
Glasgow-based packaging firm Macfarlane Group said on Thursday its 2019 sales rose 4% to £225.4 million and profit before tax rose 10% to £12 million….
Shares of Edinburgh-based aviation services company John Menzies plc fell about 4% on Thursday after it issued a trading update on the impact of coronavirus COVID-19 on…
Edinburgh-based asset management giant Standard Life Aberdeen (SLA) said on Wednesday that Trainline chairman Brian McBride will be appointed as a non-executive director of SLA with…
Lloyds Banking Group (LBG) has informed its workforce across the UK that the equivalent of 780 full time staff will lose their jobs in the…
Virgin Money UK plc revealed on Wednesday that it will cut 500 jobs in the next stage of its integration programme to bring together the…
Edinburgh-based funds platform Nucleus Financial Group on Wednesday announced board changes that involved its major shareholder Sanlam Investments. Nucleus said Alfio Tagliabue has been appointed as…
Shares of Glasgow-based global engineering giant Weir Group rose about 7% on Wednesday after CEO Jon Stanton told investors the group plans to become “a mining…
Edinburgh-based fund management giant Aberdeen Standard Investments announced the promotion of Andrew Paisley to Head of Smaller Companies amid a number of changes ahead of the…
The UK’s blue chip index of big company shares has lost nearly £100 billion in the last two days amid fears about the spread of coronavirus….
Dumfries and Galloway Housing Partnership (DGHP) said on Tuesday it has followed up on a recent £114 million investment deal with M&G Investments with £35 million of private…
Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, said on Tuesday its revenue rose 5.4% to £79.8 million in the…
Edinburgh-based Craneware, a software firm that specializes in US healthcare, said on Monday it appointed David Kemp and Alistair Erskine to its board as independent non-executive…
Edinburgh BioQuarter has released the first images of the £750 million planned transformation it says which will create a new mixed-use community of more than…
SSE Renewables said it agreed to sell its 18.8MW Slieve Divena II Wind Farm in Northern Ireland to Greencoat UK Wind for £51 million. Slieve…
The City of Edinburgh Council has published a detailed £1.3 billion proposal to transform Edinburgh’s largest brownfield site at Granton Waterfront into a new coastal…
Leeds-based private equity investor Endless LLP said on Wednesday it acquired Earlston-based BSW Timber Limited and all its associated subsidiaries. BSW is the UK’s largest…
The Scottish Government’s Migration Minister Ben Macpherson said on Wednesday the UK Government’s new immigration proposals are “an insult to Scotland.” The UK Government said…
Scotland’s unemployment rate was 3.5% in the October to December 2019 period, compared to 3.8% for the UK as a whole. Among men, the unemployment…
HSBC Holdings said on Tuesday it plans to cut about 35,000 jobs over three years and shed about $100 billion in assets in a drastic…
Asset management giant Franklin Templeton said on Monday it agreed to acquire rival Legg Mason — which includes Edinburgh-based affiliate Martin Currie — for $4.5…
Global company dividends rose to a new record of $1.43 trillion in 2019, up 3.5% on a headline basis, according to the latest Janus Henderson…
Scotland’s First Minister Nicola Sturgeon on Monday unveiled new appointments to the Scottish Government and cabinet. Following her delivery of the Scottish Budget, Kate Forbes…
Scotland’s residential property sales totalled just under £18.7 billion in 2019 — up £550 million on 2018 — helped by a late surge in sales…
The United States Trade Representative has issued a tariff notification which maintains the 25% tariff on Single Malt Scotch Whisky and Scotch Whisky Liqueurs that…
The Royal Bank of Scotland Group plc said on Friday it plans to rename itself NatWest Group plc later this year. The news came as…
Edinburgh-based Aegon UK — owned by Dutch investment giant Aegon NV — said on Thursday it delivered underlying earnings of £61 million in the second half…
Standard Life Aberdeen CEO Keith Skeoch has been appointed chair of the Investment Association (IA) board. The IA champions the UK asset management industry. Its…
The Famous Grouse whisky enjoyed a strong Christmas in the UK off-trade, with sales topping £71 million – making it now the number one whisky…
Sajid Javid has resigned as the UK Government’s Chancellor of the Exchequer (finance minister) as Prime Minister Boris Johnson’s first big cabinet reshuffle went spectacularly wrong. Bloomberg…
Edinburgh-based Frontier IP, a specialist in commercialising university intellectual property, said on Wednesday it raised its equity stake in portfolio company Celerum Limited from 10%…