Scotch giant Diageo hires new CFO from Xerox
Scotch whisky giant Diageo, the world’s biggest spirits maker, said Kathryn Mikells (pictured) will become its chief financial officer on November 9. Mikells succeeds Deirdre Mahlan, who is returning to…
Watson succeeds Keiller as Wood Group CEO
Aberdeen-based global oil services giant Wood Group said its chief operating officer Robin Watson would succeed veteran Bob Keiller as chief executive officer on January 1….
UK Govt. to sell remaining stake in Lloyds
The UK government is planning to sell its remaining 12% stake in Lloyds Banking Group, owner of Halifax Bank of Scotland and Scottish Widows, in…
Scots Govt. launches $118m innovation fund
Scotland’s First Minister Nicola Sturgeon has launched a £78 million ($118m) fund to help the country become an “innovation nation” and push Scottish businesses to develop almost 1,000 new inventions, products and…
73% of Scots businesses want to stay in EU
About 73% of Scottish businesses would vote to remain in the European Union in a referendum, with that figure rising to 90% for large Scottish companies, according…
Edinburgh Council to sell Atria for £100m
The City of Edinburgh Council has put the prestigious Atria office development in the heart of the Scottish capital’s Exchange financial district on the market for…
Stagecoach wins extension of East Midlands
Stagecoach subsidiary East Midlands Trains has won a deal to continue running services between London, the East Midlands and parts of the north of England until…
Glasgow-based Aggreko expands in Canada
Glasgow-based mobile power giant Aggreko has announced an expansion in Canada with an agreement for the £18 million acquisition of ICS Group, a provider of temperature control products….
Finance chief leaves Edinburgh’s Virgin Money
Edinburgh-based Virgin Money said on Tuesday that Lee Rochford is to “stand down” as chief financial officer (CFO) and as an executive director of the company….
Go ahead for North Sea’s largest field in decade
The development of the largest new field discovered in the UK North Sea for 10 years has been approved by the UK Oil & Gas Authority….
Total to sell North Sea assets for $900m
French energy major Total has agreed to sell its interests in the FUKA and SIRGE gas pipelines in the North Sea and the St. Fergus Gas Terminal…
World trade up in June, down for quarter
World trade volume expanded 2% in June following a 1.3% decline in May, according to the latest report from the Netherlands-based CPB World Trade Monitor….
Lothian Buses hit £135m revenue; trams strong
The main bus company for Scotland’s capital city continues to make good profits for major shareholder Edinburgh Council, while the new Edinburgh Trams service has made a stronger start…
Global M&A volume reaches $3 trillion for 2015
Global mergers and acquisitions (M&A) volume for 2015 reached $3 trillion on August 11, according to research firm Dealogic. At 223 days into 2015, that’s the second fastest…
UK central bank’s Shafik to speak at Hume Institute
The Edinburgh-based David Hume Institute has announced that Nemat Shafik, one of the most influential women in global finance, will speak at its 30th anniversary dinner…
Scots companies show big increase in output
Scottish companies have reported further growth of output and new orders for the start of the third quarter, according to a survey for Bank of Scotland….
Scientists dismayed at move to ban GM crops
The Scottish Government said on Sunday it wants to ban the growing of genetically modified (GM) crops in Scotland. Some scientists and farmers’ leaders said they were…
Stan Life falls despite profit; Skeoch runs both firms
Shares in Edinburgh-based investment, insurance and pensions giant Standard Life fell more than 3% on Tuesday afternoon despite the company reporting that its first-half operating profit rose…
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