Insurer Aviva names Scot Maurice Tulloch as CEO
Aviva plc, the UK’s second-largest insurer, said on Monday that Falkirk-born Maurice Tulloch will become its chief executive officer with immediate effect. Tulloch most recently…
Aviva plc, the UK’s second-largest insurer, said on Monday that Falkirk-born Maurice Tulloch will become its chief executive officer with immediate effect. Tulloch most recently…
Dundee-based investment firm Alliance Trust, which appointed external asset managers Willis Towers Watson (WTW) in April 2017, said on Friday it underperformed its benchmark in 2018….
Edinburgh-based fund management firm Martin Currie, the £17 billion active equity specialist that is part of the Legg Mason group, is expected to announce that…
Glasgow-based media firm STV Group plc said on Thursday its 2018 revenue increased 8% to £125.9 million, “reflecting particularly strong growth in regional advertising revenue,…
Legislation to support the establishment and capitalisation of the Scottish National Investment Bank has been published by the Scottish Parliament. The Scottish Government has committed…
Ineos said on Wednesday it will invest £1 billion in the UK, including £500 million in the Forties Pipeline System to prolong the life of…
Bahrain-based private equity firm Investcorp and Edinburgh-based investment giant Aberdeen Standard Investments (ASI) announced the appointment of Gerry Grimstone as chairman of its new joint…
Glasgow-based engineering giant Weir Group said it agreed to sell its flow control division to private equity firm First Reserve for an enterprise value of £275 million…
The Scottish Parliament has approved the 2019-20 Scottish Budget which the Scottish Government said provides £42.5 billion of investment in the economy and public services….
A ‘No Deal’ Brexit would cause Scotland’s gross domestic product (GDP) to fall by up to 7%, according to a new report by the Scottish…
Edinburgh-based Forth Ports Group said it has received planning consent for a new £200 million port on the River Thames. The firm’s Port of Tilbury,…
Polly Purvis, the CEO of digital technology industry body ScotlandIS, has announced that she will retire later this year. Karen Meechan has been promoted to…
ScottishPower — a subsidiary of Basque energy giant Iberdrola — said on Wednesday 2018 had been “a pivotal year” for the business as EBITDA at…
The Scottish Government is to increase its efforts to encourage EU citizens to remain in Scotland, the First Minister Nicola Sturgeon will confirm in an…
Moves to increase Scotland’s trade with its third largest export market will be made by First Minister Nicola Sturgeon during a two-day visit to France….
UPDATE 3 — Standard Life Aberdeen will on Monday announce it acquired Orion Partners, an Asian real estate investment firm, following news that Japan’s Mitsubishi…
Bahrain-based private equity firm Investcorp and Edinburgh-based investment giant Aberdeen Standard Investments (ASI) on Wednesday announced the launch of a joint venture that will invest in…
Celtic plc late on Tuesday reported its financial results for the six months ended December 31, 2018, showing revenue fell to £50 million from £71.5 million…
Edinburgh-based travel search site Skyscanner said it appointed Joanna Lord as its chief marketing officer. Lord, formerly CMO at ClassPass, will lead Skyscanner’s growth marketing…
An independent commission to advise on a 30 year strategy for infrastructure investment in Scotland has appointed its final members. The group, chaired by former…
Glasgow-based Smart Metering Systems (SMS) on Friday issued a trading update that showed its “total annualised recurring revenue” increased by 32% to £75.3 million at…
The number of restaurants in Scotland going bust last year increased by 86.3%, according to new analysis of the sector by accountants and business advisers…
Buccleuch — one of Scotland’s biggest private landowners — said on Wednesday the Duke of Buccleuch will step down as chairman of the group at the…
Shares of Clydesdale and Yorkshire Bank owner CYBG rose about 14% on Wednesday after it lifted its forecast for margin growth and reported a rise…
Scotland’s First Minister Nicola Sturgeon is visiting North America this week to strengthen trade and cultural links between Scotland and the US and Canada. The…
Total income from Scottish farming is estimated to have fallen by £57 million to £672 million in 2018, after increasing in 2017. The chief statistician in…
Cumbernauld-based Irn-Bru maker A.G. Barr said on Friday it expects its full-year revenue to rise about 5% to around £277 million. Barr, which also produces…
PwC said on Thursday it is embarking on a “significant” expansion of its Scottish operations with more than 100 staff expected to be recruited over…
A report launched on Thursday says Edinburgh’s 10 independent schools made an economic contribution of £125 million gross value added (GVA) in 2017-18, supporting 3,000 jobs. The…
Glasgow Housing Association’s investment programme for the past 15 years – the biggest of its kind in Europe – has boosted Scotland’s gross domestic product…
Edinburgh-based fund management giant Baillie Gifford on Thursday announced the appointment of two new partners, effective May 1, 2019, and the retirement of three partners….
There was a 14.3% increase in overseas overnight visits to Scotland — from 3.1 million to 3.5 million — in the 12 months to the…
The UK’s Competition and Markets Authority (CMA) has cleared Edinburgh-based Menzies Aviation’s takeover of part of Airline Services’ business after an in-depth investigation allayed competition…
Grangemouth refinery operator Ineos announced that Antwerp, Belgium, will be the location for its €3 billion project for an ethane gas cracker and world-scale PDH…
Edinburgh-based investment giant Aberdeen Standard Investments (ASI) has made a $13 million minority equity investment in Singapore Life Pte. Ltd., a digitally-focused life insurance company…
Shares of East Kilbride-based Goals Soccer Centres plc fell about 15% on Monday after it said “outturn for 2018 is disappointing” and it now expects…
Shares of Glasgow-based fashion firm Quiz fell as much as 30% on Friday after it said overall sales for the Christmas trading period were “below expectations”…
Edinburgh-based fund management giant Baillie Gifford is set to open an office in Shanghai in the coming months as it moves to beef up its…
Aberdeen Standard Investments said its infrastructure debt team has lent £40 million to the Wales and Borders rail franchise for essential upgrades to its rolling…
Aberdeen Standard Investments and CYBG’s Virgin Money announced on Wednesday they have sealed a new investments and pensions joint venture. The venture will build on Virgin…
UPDATE 3 — Norwegian oil and gas company DNO on Wednesday looked set to win control of Aberdeen-based Faroe Petroleum a day after raising its…
Consultancy Wood Mackenzie has said the North Sea oil industry will stage a recovery in exploration drilling and healthy levels of mergers and acquisitions this…
The Scottish Government has announced an additional £50 million investment in the Tay cities region that will support manufacturing businesses and the delivery of the…
Aberdeen-based Faroe Petroleum — which has rejected a hostile £610 million cash takeover bid from Norwegian oil and gas company DNO — on Wednesday published “an independent current valuation…
Archangels, the Edinburgh-based business angel investment syndicate, said on Friday it led a record breaking £22.4 million of investment in Scottish tech and life sciences…
Global Infrastructure Partners (GIP), which owns Edinburgh Airport, said on Thursday that together with its co-shareholders it is selling 50.01% of Gatwick to France’s Vinci Airports for…
The 147th British Golf Open at Carnoustie generated a £120 million benefit for the Scottish economy, according to an independent study revealed by First Minister Nicola Sturgeon…
Scotland is on track to see in excess of £2.5 billion invested in its commercial property market in 2018, according to Savills. This year has…
Shares of Edinburgh-based Craneware, a software firm that specializes in US healthcare, recovered some of their recent losses on Friday morning after the firm issued an…
DeepMatter, the Glasgow AIM-listed company focusing on digitizing chemistry, said on Thursday it agreed to acquire German cheminformatics firm Infochem GmbH from global publisher Springer Nature…
Aberdeen-based Faroe Petroleum on Thursday issued a circular rejecting a hostile £610 million cash takeover bid from Norwegian oil and gas company DNO. Faroe operates in the…
Greencoat UK Wind plc (UKW) said on Thursday it agreed to acquire the Douglas West wind farm seven miles south west of Lanark from Blue…
UPDATE 2 — Perth-based bus and rail giant Stagecoach Group said on Thursday it agreed to sell its North America division to an affiliate of private…
The Scotch whisky industry, the UK’s biggest food and drink export, said on Wednesday it was imperative that UK politicians work quickly to avoid crashing…
Scottish businesses are investing record amounts in research and development, according to statistics published on Wednesday. The Business Enterprise Research & Development (BERD) statistics show…
Aberdeen-based oil services and engineering giant Wood plc said it won a contract to supply “programmable digital control technologies” to the Sellafield nuclear site in Cumbria….
Aberdeen-based mechanical engineering group EnerMech on Tuesday confirmed the conclusion of its sale to The Carlyle Group and announced the formation of the group’s board…
The Convention of Scottish Local Authorities (Cosla) said on Tuesday its 2019-20 funding settlement from the Scottish government will mean “substantial job losses in places…
Elgin-based housebuilder Springfield Properties, which went public last year, said on Monday it “continues to evaluate opportunities to acquire land” as demand for housing in Scotland…
The UK’s Competition and Markets Authority (CMA) said on Friday it has provisionally cleared Edinburgh-based Menzies Aviation’s takeover of part of Airline Services’ business after…
Norwegian oil and gas company DNO on Wednesday started the clock on its £610 million hostile takeover bid for Aberdeen-based Faroe Petroleum. DNO, which already owns…
The Scottish economy is on track to grow at its fastest rate since 2014, according to the latest Fraser of Allander Institute (FAI) economic commentary. However,…
Royal London announced that its group CEO Phil Loney has decided to stand down by the end of 2019. “He is standing down to concentrate…
Royal Bank of Scotland on Thursday updated its shareholders on the legal process for its plans to move up to £13 billion worth of business…
The Scottish Parliament has rejected the UK Government’s draft Brexit deal and has ruled out a ‘no deal’ Brexit option. Constitutional Relations Secretary Michael Russell…
Network Rail announced that Story Contracting has won a framework contract to deliver up to £135 million of renewal and enhancement projects in Scotland over…
UPDATE 2 — Shares of Perth-based bus and rail giant Stagecoach rose at least 15% on Wednesday after it said it is considering a possible sale…
North Sea exploration firm EnQuest said on Monday it completed the acquisition of the remaining 75% interest in the Magnus oil field, an additional 9 % interest…
Manchester-based Co-operative Bank announced on Wednesday the appointment of Donald Kerr to the new role of Managing Director, SME Banking, as part of its bid…
Recruitment by oil and gas contractors in the UK Continental Shelf (UKCS) is on the rise as business confidence in the sector reaches its highest…