News


FCA bans former RBS Libor submitter

The Financial Conduct Authority (FCA) has censured former Royal Bank of Scotland Libor submitter Paul White and banned him from performing any function in relation to…




Tesco plans to sell Dobbies – report

Tesco is drawing up plans to sell loss-making businesses including Midlothian-based Dobbies Garden Centres in order to focus on core operations, according to Sky News. Sky News said…


International passengers up 37.6% at Edinburgh

A 37.6% increase in international passenger numbers helped Edinburgh Airport have its busiest March ever. International passenger soared from 358,450 in March last year to 493,200 last…


Stagecoach orders £97m of new buses

Perth-based transport giant Stagecoach Group on Monday announced new vehicle orders worth £97 million. A new fleet of 480 vehicles, many equipped with free wifi, will…



Rothesay buys £6bn Scottish Equitable annuities

Goldman Sachs-backed pension buyout specialist Rothesay Life has agreed to buy £6 billion of annuities from Scottish Equitable plc, the UK subsidiary of Dutch insurance and investment giant Aegon…


Petra Wetzel launches female entrepreneur fund

Glasgow-based brewery and restaurant entrepreneur Petra Wetzel has launched an investment fund called West Women to provide seed capital and financial assistance to emerging female…



Össur of Iceland buys Livingston’s Touch Bionics

Livingston-based prosthetic technologies firm Touch Bionics has been bought for £27.5 million by Icelandic company Össur. Touch Bionics has more than 120 employees at its operations in Scotland,…






Wood Group buys Houston-based Ingenious

Aberdeen-based oil and gas services giant Wood Group has made its second acquisition this week by buying Houston, Texas-based Ingenious Inc., a supplier of software…


Glasgow University links up with Smithsonian

The University of Glasgow has signed a Memorandum of Understanding (MOU) with the Smithsonian Institution in Washington DC to formalise a relationship that goes back more than…



3i stake values Wireless Infrastructure at £300m

Bellshill-based Wireless Infrastructure Group (WIG ) has announced a £75 million investment from 3i Infrastructure that values WIG at £300 million. WIG builds and operates communication towers…


Innis & Gunn buys Inveralmond Brewery for £3.1m

Edinburgh-based beer company Innis & Gunn is buying Perth-based Inveralmond Brewery with the acquisition entirely funded by £3.1 million of capital raised through the Innis & Gunn BeerBond…





Higher education helps R&D hit £2.22bn

Gross expenditure on research and development (GERD) in Scotland was £2.22 billion in 2014, down 0.6% on 2013, according to Scotland’s chief statistician. The gap in GERD as a percentage of…



Cummings appointed Investment Association chief

The Investment Association (IA) — the trade group for the UK fund management industry — said it appointed Chris Cummings as chief executive. Cummings joins the IA, whose members…


Parsons Peebles buys Taylor & Goodman

Rosyth-based Parsons Peebles Group, a Clyde Blowers Capital company, said it acquired Reading-based Taylor & Goodman, a fast-growing provider of electromechanical services to the water sector. The acquisition…





Macfarlane Group buys Colton Packaging Teesside

Glasgow-based packaging firm Macfarlane Group said it acquired Colton Packaging Teesside as part of its strategy “to develop its packaging distribution business in the UK protective packaging…


Tidal power firm Atlantis signs deal with Equitix

Edinburgh-based tidal power company Atlantis said it has entered into a partnership agreement with Equitix, an infrastructure developer, investor and fund manager with more than £1.7 billion of funds…


Motherwell-based MB Aerospace buys Centrax

Motherwell-based engineering group MB Aerospace has completed the acquisition of Centrax Turbine Components based in Devon, England. It is the first acquisition for MB Aerospace following…




Korean firm acquires Wind Towers Scotland

Perth-based energy giant SSE said it closed a deal to transfer its 80% ownership stake in the Machrihanish-based Wind Towers Scotland (WTS) factory to CS Wind,…






RBS offers to buy back £5.2bn of debt

Royal Bank of Scotland announced plans on Wednesday to buy back £5.2 billion pounds ($7.5 billion) worth of bonds to lower its interest payments and meet regulatory…



Scots recruitment firm conquers New York

MJ Boyd Consulting, a Manhattan-based recruitment firm owned and run by Scots, has become one of the leading boutique recruitment firms for the financial sector in…


International expansion for Copylab

Scottish investment writing, copywriting and marketing communications company Copylab is to expand internationally by opening an office in Boston, Massachusetts to serve the asset management industry in…



Lan Tu joins Standard Life as strategy director

Edinburgh-based investment and insurance giant Standard Life has appointed former American Express and McKinsey executive Lan Tu as its strategy director. She will report directly to…



Skye site preferred for £80m fish feed plant

Salmon farming and seafood company Marine Harvest Scotland has chosen the Altanavaig quarry at Kyleakin on Skye as its preferred site for a new £80 million fish feed plant…



Barr moves to low sugar to avoid levy

Cumbernauld-based Irn Bru maker A.G. Barr on Tuesday unveiled the moves it is making to protect its profits following UK finance minister George Osborne’s announcement of a proposed…


Shell mulls sale of North Sea assets

Royal Dutch Shell is considering the sale of some of its North Sea operations following its £35 billion takeover of rival oil and gas producer BG Group. Shell has…





New power plant approved for Grangemouth

The Scottish Government has granted consent for the construction and operation of a gas fired combined heat and power (CHP) plant at BP Kinneil Terminal in…


RBS provides £45m debt for Borders wind farm

Dublin-based renewable energy firm NTR said it secured a £44.9 million debt facility with Royal Bank of Scotland for its 27 megawatt Quixwood Moor wind farm in East Berwickshire, Scotland….


Ex-Standard Life chief Nish joins HSBC board

Global banking and financial services giant HSBC Holdings said it appointed former Standard Life chief executive David Nish, 55, to its board as an independent non-executive…



Scots farm incomes halved in four years

The incomes of commercial farms in Scotland are estimated to have halved over the four years to 2014, according to the Scottish Government. Estimates from…