Fraud Office probes Wood target Amec Foster Wheeler
UPDATE 3 — Oil and gas services company Amec Foster Wheeler — which has agreed to be taken over for £2.2 billion by Aberdeen-based Wood…
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STV CEO Woodward is new chairman at Blancco
STV chief executive Rob Woodward was on Tuesday appointed non-executive chairman of data erasure and mobile device diagnostics firm Blancco Technology Group, succeeding Matthew Peacock. Blancco also said…
Major Scots employers form climate action group
A newly formed group of big companies with major a footprint in Scotland have joined forces to launch a new climate action initiative ahead of…
Shares soar at RBS, Virgin Money, Stagecoach, SSE
Shares of banks, utilities, transport companies and property firms were among the biggest winners in Friday’s UK stock market rally on the back of the…
Standard Life in £1.2bn Mitchells & Butlers annuity deal
Standard Life, part of Phoenix Group, said it has concluded a £1.2 billion Bulk Purchase Annuity (BPA) transaction covering 20,200 members of the Mitchells &…
Celtic re-hires Brendan Rodgers, retains coaches
Celtic plc announce that Brendan Rodgers has been appointed the club’s new football manager on a three-year contract. “Brendan previously managed the club to phenomenal…
Former TSB boss fined £81,000 over IT meltdown
The UK’s Prudential Regulation Authority (PRA) said it has fined Carlos Abarca, the former chief information officer (CIO) of TSB Bank plc, £81,620 over the…
Malt Whisky Society owner ASC ups revenue to £22m
Shares of Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), rose as much as 8% on Wednesday after it…
NatWest-RBS profit tops £5bn but outlook hits shares
NatWest Group — formerly known as RBS — said its operating profit before tax rose 33% to £5.1 billion in 2022 as its total income rose…
TSB fined £48m for botched IT migration in 2018
The UK’s Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have fined TSB Bank plc a total of £48.6 million for operational risk…
Capricorn shareholder Palliser seeks to oust directors
Edinburgh-based Capricorn Energy announced that its third-biggest shareholder Palliser Capital has called for a general meeting of the firm to set a vote on removing seven Capricorn…
Smart Metering Systems appoints Gail Blain as CFO
Glasgow-based Smart Metering Systems plc (SMS) announced that Gavin Urwin will step down as chief financial officer (CFO) and as an executive director of SMS…
Top 100 private Scots firms make £28bn turnover
By Mark McSherry — Grant Thornton’s Scotland Limited report for 2022 shows that Scotland’s top 100 private limited companies make aggregate turnover of £28 billion, employ 132,000…
Standard Life in £1bn WH Smith pension annuity deal
Standard Life, part of Phoenix Group, said it has concluded a £1 billion Bulk Purchase Annuity (BPA) transaction covering 13,000 members of the WH Smith…
Smart Metering Systems CEO Alan Foy to leave
Glasgow-based Smart Metering Systems plc (SMS) has announced that CEO Alan Foy will step down as chief executive officer and as an executive director of SMS…
Kintore’s STATS sold for £73m to SRJ Technologies
Kintore, Aberdeenshire-based oil and gas pipeline specialist STATS (UK) Limited announced that its shareholders agreed to sell the company to SRJ Technologies Group plc (SRJ)…
Scottish Inv Trust plans £1.2bn JPMorgan merger
The Scottish Investment Trust plc (SCIN) announced on Wednesday it plans to give up on its in-house management team and independence and combine with the JPMorgan…
Phoenix hires five for bulk purchase annuities team
Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, has announced five new appointments to its bulk purchase…
Artisanal revenue up 20% amid whisky tariff boost
Edinburgh-based Artisanal Spirits Company plc, owner of The Scotch Malt Whisky Society (SMWS), said on Thursday its first-half revenue increased 20% to £7.9 million in…
Glasgow’s Smart Metering to raise £175m in placing
Glasgow-based Smart Metering Systems plc (SMS) said on Monday it will seek to raise around £175 million by selling stock in a share placing and has…
AssetCo raises £25m for Rize ETF deal; shares fall
Shares of Martin Gilbert’s investment firm AssetCo plc fell about 15% on Thursday to around £17.50 as it announced its intention to conduct a placing of…
Martin Gilbert group buys 29% of AssetCo
London-listed investment vehicle AssetCo plc said on Monday that a “concert party” of Martin Gilbert, Peter McKellar, various associates and funds managed by Toscafund Asset…
Menzies boss: we will emerge smaller but stronger
The executive chairman of Edinburgh-based airport services giant John Menzies plc said on Tuesday the firm will emerge from the COVID-19 pandemic “as a smaller but…
Diageo to launch paper bottle with Johnnie Walker
Diageo, makers of Johnnie Walker, announced on Monday it has created “the world’s first ever 100% plastic free paper-based spirits bottle, made entirely from sustainably sourced…
Goals hires Deloitte to mull options amid VAT probe
Troubled East Kilbride-based Goals Soccer Centres plc said on Tuesday it is in the process of engaging Deloitte LLP “to work alongside its current advisors…
Havelock deal with Rcapital to ‘restructure and invest’
Kirkcaldy-based shopfitter and interiors company Havelock Europa said London-based private investment firm Rcapital has backed Havelock with a deal that “secures over 300 jobs and…
STV hires ITV’s Simon Pitts as new CEO
Glasgow-based media firm STV Group said that Simon Pitts will join STV as chief executive officer on January 3, 2018. Pitts will join STV from ITV…