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 &…
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 &…
Tom Hunter has confirmed West Coast Capital (WCC), the investment arm of the Hunter family, has made a multi-million pound investment in Ellipses Pharma, the cancer drugs venture…
Economic Development Association Scotland (EDAS) has appointed Neil McInroy as chair, succeeding Liz McEntee in post. McInroy lives in Oban and has an office base…
The development of the giant Rosebank and Cambo oil fields west of the Shetland Islands would save 17 million tonnes of CO2 emissions over their projected…
Standard Life, part of Phoenix Group, said it has concluded a £80 million Bulk Purchase Annuity (BPA) transaction with the MGM Assurance Staff Pension Plan….
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…
Macfarlane Group, the Glasgow-based packaging, design and distribution firm, announced the acquisition of A & G Holdings Limited, owner of Manchester-based Gottlieb Packaging Materials Limited. “This…
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…
Whisky casks are continuing to outperform more traditional investment and alternative investment options including gold, according to the latest market report issued by investment experts…
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…
British finance minister Jeremy Hunt set out his budget on Wednesday in an effort to pull the UK economy out of its run of stagnant…
Scottish marketing and communications agency BIG Partnership has reported a strong start to 2023 with a raft of new client wins and an expansion of its…
Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, announced it has has secured outline planning consent to create a sustainable new…
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…
Edinburgh came in second place and Glasgow in third place in real estate firm Colliers’ latest Top UK Residential Investment Cities report. The city of…
UK investors withdrew £25.7 billion from funds in 2022, the first annual outflow recorded by the Investment Association (IA). Investors took £282 million out of…
Ahead of the Six Nations rugby starting this weekend, new data from social investing network eToro shows that the strongest XV Scotland-headquartered stocks have easily…
Edinburgh-based oil and gas firm Capricorn Energy announced that it has conceded victory to shareholder pressure with CEO Simon Thomson, chair Nicoletta Giadrossi and several directors…
The Scottish Government’s newly-published energy strategy has been branded a “breathtaking betrayal” of the oil and gas sector by Russell Borthwick, the chief executive of…
Legal & General Capital announced that it committed around £5 billion towards “levelling up” the UK’s towns and cities across 2022, driving regional economic growth,…
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…
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…
Aberdeen-based North Star said it has secured a £140 million financing package to support the next phase of its offshore wind growth plan as it looks…
Standard Life, part of Phoenix Group, said it has concluded a £200 million Bulk Purchase Annuity (BPA) transaction with the Agfa UK Group Pension Plan,…
Standard Life, part of Phoenix Group, said it has concluded a £530 million Bulk Purchase Annuity (BPA) transaction covering 3,000 members of the Cobham Pension…
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…
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…
Student startup firms from the University of Edinburgh have secured over £30 million in combined investment over the last year, nearly three times the amount…
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…
Norway’s Equinor has submitted plans to UK regulators for the development of Rosebank, a major oilfield west of Shetland which would start production in late…
Offshore Energies UK (OEUK) announced on Friday that its chief executive Deirdre Michie will step down at the end of 2022 after almost eight years…
Leeds-based JMG Group said it has acquired Scotland’s largest independent insurance broker GS Group, subject to FCA approval. The deal represents JMG Group’s second acquisition…
Shepherd Chartered Surveyors announced it has been appointed by the joint administrators of Countesswells Development Limited (CDL) to market a massive 3,100-home development site west…
A £30 million transformation programme has been unveiled by Bruntwood SciTech after it acquired Glasgow’s Met Tower — the old City of Glasgow College building —…
The UK’s Pension Protection Fund (PPF) announced that its investments in forestry have grown 20% over the last year to reach £1 billion. Last year the…
Standard Life, part of Phoenix Group, said it has concluded a £175 million bulk purchase annuity (BPA) transaction covering all 2,000 members of the Findel…
Hymans Robertson, the pensions and financial services consultancy, has promoted six executives to partner in its Glasgow and London offices. The company said Shirley Brown,…
The Scottish Association of Landlords (SAL) has said the Scottish Government “must dump damaging rhetoric criticising private landlords” and instead encourage investment in the sector…
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…
Baillie Gifford’s £1 billion Schiehallion Fund was the best performing investment trust of 2021 with a price total return of 103.3% as private equity trusts dominated…
Edinburgh has 19 of Scotland’s 25 most expensive streets, according to a new report from Bank of Scotland based on Registers of Scotland data. Regent Terrace…
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)…
The independent Scottish Fiscal Commission said on Thursday it expects a strong economic recovery in 2021-22, with Scottish GDP growing by 10.4% and economic activity…
Zetland Capital Partners LLP, a London based private equity firm, has announced its funds have agreed to acquire the 338-bedroom Macdonald Manchester Hotel and the…
Bradford-based supermarket giant Morrisons has announced it will become the first supermarket to own its own recycling operations through the acquisition of a significant stake…
Standard Life, part of Phoenix Group, has concluded a £130 million bulk purchase annuity transaction covering all pensioner and deferred members of the PerkinElmer (UK)…
A new strategy to secure a £4 billion share of the global space market for the Scottish economy has been published by the Scottish Government….
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…
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…
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…
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-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…
Babcock, the international aerospace, defence and security company, announced it has completed the sale of its oil and gas aviation business to CHC Group, LLC…
The Scottish Government said on Friday it has agreed to work with the Scottish Green Party Parliamentary Group over the next five years. This agreement…
The Scottish National Investment Bank has committed £50 million over five years to the creation of new woodland and forestry management in Scotland. As a…
Pension funds in the UK have been urged by prime minister Boris Johnson and finance minister Rishi Sunak to provide an “investment big bang” by…
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…
Karen Betts, chief executive of the Scotch Whisky Association (SWA) since May 2017, is leaving her role to become chief executive of the UK’s Food…
Rural property consultancy Galbraith has said the demand for land “for natural capital and rewilding” is boosting the market for Scottish estates, alongside the desire…
Shares of Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, rose about 4% on Thursday as it published a trading update for…
Aegon Asset Management said on Wednesday it has closed its UK Property Income and Property Income feeder funds after failing to raise sufficient cash to…
The Eden Project said on Friday it has signed a memorandum of understanding with the owners of its preferred site for Eden Project Dundee and…
Glasgow-based Smart Metering Systems (SMS) said on Monday that its chief financial officer David Thompson will leave the group on March 31, 2021, “to pursue another…
Permanent staff appointments across Scotland rose during January, ending an 11-month sequence of decline, according to the latest Royal Bank of Scotland Report on Jobs….
AGS Airports Ltd, which owns Aberdeen International, Glasgow and Southampton airports, has announced big changes to its executive committee. AGS Airports is jointly held by…
Aberdeen Standard Investments (ASI) announced that Katie Trowsdale has been promoted to the Head of Multi-Manager Strategies, the fund of fund arm of its Multi…
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…
Edinburgh-based international oil and gas company Cairn Energy said on Thursday it will pay a special dividend of 32p per share amounting to $250m as it…
Edinburgh-based international oil and gas company Cairn Energy said on Friday that director Nicoletta Giadrossi will be appointed non-executive chair of the company with effect from…
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…