News

Phoenix makes Edinburgh change as profit rises

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…


Oil falls 25% and global stocks plunge

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…









Inverleith buys majority stake in Montane

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…


Martin Currie hires Blackrock’s Hofstede

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…






Coronavirus could halve global growth says OECD

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…





Macfarlane sales rise 4% to £225m

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….






Shareholder Sanlam reshuffles Nucleus board

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…





RBS in £35m deal with Dumfries housing group

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…



Wood Group M&A expert joins Craneware board

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…





Earlston’s BSW Timber bought by Endless LLP

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…


UK immigration plans ‘an insult to Scotland’

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…




Franklin Templeton buys $4.5bn Legg Mason

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…








Skeoch new chair at Investment Association

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…



Westminster in chaos as finance minister quits

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…


Frontier IP ups stake in RGU AI spinout Celerum

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%…









Scots private sector output hits 14-month high

Scotland’s private sector recorded a modest increase in business activity during January, with the headline Business Activity Index reaching a 14-month high, driven partly by…