Menzies shares up 6% amid trading, profits news
Shares of Edinburgh-based aviation services company John Menzies plc rose about 6% on Thursday after it announced a trading update for the July 1, 2019, to…
Shares of Edinburgh-based aviation services company John Menzies plc rose about 6% on Thursday after it announced a trading update for the July 1, 2019, to…
The latest Scottish Property Federation (SPF) analysis of commercial property sales figures shows a rebound in the total value of sales in Scotland in the…
The chairman of Aberdeen Standard Equity Income Trust plc described its annual performance for the year to September 30 as a “very poor result” and…
Edinburgh-based oil and gas company Cairn Energy said on Wednesday it agreed to dispose of Capricorn Norge AS, its subsidiary in Norway. “With effect from…
A new report has forecast that expenditure for North Sea decommissioning work will be £15.2 billion over the next 10 years. The 2019 Decommissioning Insight report was…
Aberdeen Standard Investments (ASI) private placement debt team has lent £65 million to the City of London Corporation. The investment was undertaken on behalf of…
Aberdeen-based mechanical and electrical services company EnerMech announced on Monday the appointment of industry heavyweight Christian Brown as its new chief executive officer, effective January…
London-based Brooks Macdonald Group plc said it agreed to acquire Edinburgh-based asset manager Cornelian Asset Managers Group Limited from its shareholders, including senior management. “The…
New research by Family Business United (FBU) shows that the top 100 family businesses in Scotland collectively generate turnover of £20 billion, create £1.3 billion…
Trade conflicts, weak business investment and political uncertainty are weighing on the world economy and raising the risk of long-term stagnation, according to the OECD’s latest…
Aberdeen-based global bus and rail giant FirstGroup plc has come under new pressure from two of its shareholders to sell more of its US assets…
Global wealth grew 2.6% in the past year to $360 trillion and wealth per adult reached a record high of $70,850, according to the tenth…
Scottish investment veteran Willie Watt has been appointed the first chair of the board of the new Scottish National Investment Bank, which will be operational…
Edinburgh-based fund management giant Standard Life Aberdeen (SLA) said on Thursday meetings it has held with major shareholders over its directors’ remuneration are proving “valuable…
UPDATE 3 — Shares of Aberdeen-based transport giant FirstGroup fell about 20% on Thursday after it reported an increased first-half loss amid a £124 million…
Digital bank account provider Revolut has confirmed long-standing speculation by announcing it has appointed former Standard Life Aberdeen co-chief executive Martin Gilbert as its chairman….
Shares of Edinburgh-based healthcare software firm rose almost 4% on Tuesday as it reported “good progress” at its AGM and it said Will Whitehorn, Richard Branson’s…
Israel’s Delek Group said its Ithaca Energy subsidiary, which it plans to spin off in a London stock market listing, completed a deal to buy…
Edinburgh-based video security company IndigoVision said on Monday it acquired Lisbon-based Agorasys SA (Agora) for up to €3 million. €2.3 million is payable in cash…
The number of people opting to travel between Glasgow and London by train instead of flying has reached record levels, according to Virgin Trains. In…
By Mark McSherry Baillie Gifford’s flagship £8.4 billion fund, the Scottish Mortgage Investment Trust plc, on Friday defended its fondness for investing in unquoted companies…
UPDATE 3 — Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of Edinburgh-based Standard Life Assurance, said on Friday its CEO Clive…
The UK’s central bank on Thursday kept interest rates on hold — but two members of the Bank of England’s monetary policy committee (MPC) unexpectedly…
Shares of Aberdeen-based engineering and oil services giant Wood plc rose about 9% on Thursday after it gave investors a positive trading update at its…
Royal Bank of Scotland Group is preparing to sell its first social senior bond from its holding company, according to reports, aiming to use the…
The Scottish Government said on Tuesday that a consultation has been launched on a potential replacement to a £780 million European funding programme — if…
The transformation of Michelin’s Dundee site — with the creation of new economic and employment opportunities — took a step forward on Tuesday with a…
Listed investment trust companies raised £1.28 billion in October 2019, the highest level of secondary fundraising ever seen in a single calendar month, according to…
The Aberdeen City Region’s economy is showing signs of modest recovery and is forecast to grow in the years ahead, according to a major new…
Scottish financial planning firm Anderson Anderson & Brown Wealth Ltd (AAB Wealth) announced on Monday the appointment of Benny Higgins as its non-executive chairman. Higgins…
The Federation of Small Businesses (FSB) has revealed statistics that show that 1.2 million Scots – about half of the private sector workforce – are…
On her first day as CEO of Royal Bank of Scotland Group on Friday, Alison Rose shared her vision for the company with staff —…
RBS said it has joined forces with Mastercard, Motive Partners and EFM Asset Management to invest in a business called Pollinate that will look to…
Troubled East Kilbride-based Goals Soccer Centres plc has been bought in a prepack administration by a new entity backed by the family of company’s original…
Edinburgh-based investment giant Standard Life Aberdeen — one of Scotland’s biggest employers — has introduced a new parental leave policy that allows all parents, regardless…
Crown Estate Scotland said it raised £32.4 million of capital against a target of £10.6 million and returned £11.4 million revenue to the Scottish Government…
Retirement and investment firm Embark Group has agreed in principle to acquire the advised and partnership client books of Dundee-based Alliance Trust Savings (ATS) from…
Shares of oil and gas firm i3 Energy soared almost 50% on Tuesday after it announced it discovered around 200 million barrels of oil in…
Aberdeen-based Well-Safe Solutions said on Monday it secured a new £66 million investment to fund the next phase of its plans as a “tier one…
The European Union on Monday agreed a three-month “flexible” delay to the UK’s proposed departure from the EU. Just days before the UK is formally…
Shares of Edinburgh-based oil and gas company Cairn Energy fell 9% on Monday after it said a long-awaited tribunal decision on its proceedings against India won’t…
Deutsche Bank’s asset management arm DWS said on Friday it now sees a 45% chance that Britain will not leave the European Union at all,…
Brexit uncertainty has already cost the Scottish economy around £3 billion – relative to where it would have been – according to new research from…
The value of private equity (PE) deals taking UK-listed companies private more than trebled to £14 billion in 2018-19, up from £3.8 billion the previous…
Glasgow-based sausage skin and collagen products firm Devro said on Tuesday it will close its Bellshill site with the loss of 90 jobs and increase the portfolio of…
Stagecoach chairman Brian Souter said on Monday he will gift £109 million to charity after a strong performance by Souter Investments, his family investment firm….
Shares of Glasgow-based banking group CYBG — owner of Clydesdale Bank and Yorkshire Bank — rose about 4% on Monday as it rebranded as Virgin…
The International Monetary Fund (IMF) issued a new warning about the corporate debt market as it started its autumn meetings with the World Bank in…
Scottish FTSE-listed company shares have gained 6.81% in the first nine months of 2019, against the FTSE All Share’s 10.39% rise, according to the latest…
The Scottish Government said statistics published on Tuesday by Scotland’s Chief Statistician show income from council houses was £1.21 billion in 2018-19. Of this, around…
Aberdeen-based Eland Oil & Gas said on Tuesday it agreed to be acquired by Nigeria’s Seplat Petroleum for about £382 million in cash. Seplat will…
Stock markets operator Euronext said on Thursday it was open to transformational deals in a bid to boost its dominance in the European capital markets…
Aberdeen & Grampian Chamber of Commerce’s latest infrastructure investment update, produced with EY, has revealed that £10.1 billion of public and private investment is due…
New International Monetary Fund managing director Kristalina Georgieva issued a warning about the state of the global growth on Tuesday. She warned trade conflicts had…
Hong Kong Exchanges and Clearing (HKEX) has abandoned its unsolicited $39 billion approach for London Stock Exchange Group (LSEG) after failing to convince LSE shareholders…
Falkirk-based bus manufacturer Alexander Dennis Limited (ADL) — a subsidiary of Toronto-listed NFI Group — said on Friday that Hong Kong’s largest bus operator The Kowloon Motor Bus Company…
Argyll and Bute Council has welcomed the announcement of a £50 million Rural Growth Deal as a “transformational vote of confidence” in the area. The…
Edinburgh-based fintech lending platform LendingCrowd and the Institute of Chartered Accountants of Scotland (ICAS) have signed a strategic partnership that will see LendingCrowd become ICAS’s…
The Scottish M&A market remained resilient in the third quarter of 2019, helped by a number of stand-out transactions, according to the latest deals update…
UPDATE 4 — Edinburgh-based investment giant Standard Life Aberdeen (SLA) said on Wednesday vice chairman Martin Gilbert will not seek re-election at the company’s annual…
New research confirms that Scotland’s tech industry is one of the fastest growing in the country, contributing £4.9 billion to the Scottish economy and supporting…
Glasgow-based Cefetra Ltd, the largest agricultural trading company in Scotland, said on Tuesday its turnover/sales rose 15% to £991.9 million in the year to December 31,…
Edinburgh-based aviation logistics company John Menzies said on Tuesday its Menzies Aviation unit secured a number of contract wins and renewals across its UK operations….
Marine Scotland Science has published the Scottish Fish Farm Production Survey 2018, giving details on production and employment at Scottish fish farms. The survey shows…
The Hines Global Income Trust has acquired a 607-bed student housing asset in the west end of Glasgow from Bricks Capital for £72 million. The…
Hammerson plc said on Monday it exchanged contracts for the sale of Abbotsinch Retail Park, Paisley, to Ashby Capital for £67 million. It said the…
Troubled East Kilbride-based Goals Soccer Centres plc said on Monday the £12 million hole in its accounts could be “materially higher.” The announcement came as…
Celtic plc said late on Friday its revenue fell 17.9% to £83.4 million in the year to June 30 and profit before tax fell to £11.3…
The Auditor General for Scotland on Thursday criticized the financial reporting of the Scottish Government, saying it “has taken a step backwards at a time…
Scotmid Co-operative said on Thursday it delivered a £2.5 million trading profit for the 26 weeks ended July 27, 2019, up 8% from £2.3 million…