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Alliance Trust trails index but lifts dividend

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….








£42.5bn Scots budget approved by Parliament

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….









Aberdeen Standard, Investec in Gulf joint venture

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…



Skyscanner hires Joanna Lord as marketing chief

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…









Irn-Bru maker Barr expects £277m revenue

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…







Menzies takeover gets OK as pension deficit cut

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…



Aberdeen Standard in Singapore Life investment

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…






Aberdeen Standard, Virgin seal investment JV

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…







Gatwick sold in Brexit bargain. Edinburgh next?

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…


Carnoustie Open boosts Scotland by £120m

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…



Craneware update reverses stock plunge

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…


Glasgow’s DeepMatter buys Munich’s Infochem

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…


Faroe rejects £610m bid as DNO ups stake

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…





Scots business R&D spend up 14% to £1.2bn

Scottish businesses are investing record amounts in research and development, according to statistics published on Wednesday. The Business Enterprise Research & Development (BERD) statistics show…


Wood, Amec win $66m Sellafield contract

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….



Scots councils balk at £11bn funding deal

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…


Springfield Properties continues hunt for land

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…


Menzies Aviation deal gets provisional OK

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…


DNO starts clock on £610m bid for Faroe

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…





Scots Parliament rejects Brexit deal

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…




EnQuest buys Magnus oil field from BP

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…


Co-op Bank poaches Clydesdale SME boss

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…