Regulator clears Standard Life-Aberdeen merger
Standard Life and Aberdeen Asset Management said the UK’s Competition and Markets Authority (CMA) announced that it has cleared the £11 billion merger of the Scottish investment giants….
Standard Life and Aberdeen Asset Management said the UK’s Competition and Markets Authority (CMA) announced that it has cleared the £11 billion merger of the Scottish investment giants….
A new CBI Scotland report has claimed that improving productivity and unlocking growth across Scotland’s regions could be worth up to £25 billion to the…
Nearly 60% of businesses in the UK’s oil and gas industry expect to expand this year, while optimism has soared to 39% from 2% in…
The final competing visions for Edinburgh’s Ross Pavilion, the £25 million new outdoor event space to replace the Ross Bandstand in West Princes Street Gardens, have been revealed…
Banking giant HSBC said on Tuesday it is creating 500 new jobs in Scotland. HSBC will create new roles in its global risk business in…
The Scottish Government said on Monday that a specialist centre to develop new manufacturing processes for lightweight materials for the aerospace and automotive industries is…
Scottish Equity Partners (SEP) said it provided project finance to fund the construction of the €8.7 million, 4.6MW Curraghderrig wind farm in the Republic of…
Shareholders of Standard Life and Aberdeen Asset Management both voted overwhelmingly to approve the £11 billion merger of the Scottish investment giants on Monday. About…
Motherwell-based engineering firm MB Aerospace has signed a $1 billion contract to provide flight engine parts to Pratt & Whitney, a division of United Technologies Corporation…
Shareholders of Standard Life and Aberdeen Asset Management will vote on Monday on the proposed £11 billion merger of the two Scottish investment giants. The transaction requires…
Credit rating agency Moody’s has upgraded its rating on Royal Bank of Scotland Group to investment grade, saying the move reflected the group’s “stronger standalone financial…
Shareholders of Aberdeen-based oil and gas services company Wood Group and rival Amec Foster Wheeler have overwhelmingly approved Wood Group’s roughly £2.2 billion recommended all-share offer…
The Scottish Government’s IT programme set up to deliver financial support to farms and rural businesses has been slammed in a report by Audit Scotland. The…
More than 750,000 Scottish homes and businesses can now connect to fibre broadband thanks to the £428 million Digital Scotland Superfast Broadband programme, the Scottish…
Standard Life chief executive Keith Skeoch told Reuters in an interview that the Edinburgh financial giant would be willing to sell its £16.1 billion annuity portfolio after…
Highlands and Islands Enterprise (HIE) — which has a 2017-18 budget of £65.9 million, including £55.7 million from the Scottish Government — said it appointed…
Solid growth in international flights helped Edinburgh and Glasgow airports to their busiest May ever last month. Edinburgh Airport said it had 1,231,712 passengers — a…
Ineos announced plans on Monday to build a new petrochemical production plant in mainland Europe and expand capacity at its existing plants in Grangemouth, Scotland and…
A business incubator centre in Hawick will help businesses in the Scottish Borders establish themselves thanks to a £3.6 million funding package. The Scottish Government…
Edinburgh-based distillery Pickering’s Gin has created three new versions of its London Dry Gin for the Cunard cruise line — its biggest export order to date. The collaboration…
UPDATE 2 — Brexit talks should be delayed until political stability is established in the United Kingdom, according to the Federation of Small Businesses (FSB) in…
UPDATE 2 — Courier firm DX Group, currently in the process of acquiring the distribution business of John Menzies in a reverse takeover, said on Friday it was notified by the…
Aberdeen-based oil and gas services giant Wood Group said it was awarded a new industrial services contract by BAE Systems Submarines. Effective immediately, the two-year contract…
Hyperloop One, a giant futuristic tube that plans to transport passengers and cargo at speeds of up to 700mph for long distances, has proposed nine routes connecting…
The latest IHS Markit Report on Jobs for Scotland signalled improving labour market conditions in Scotland, with sharp rises in worker placements, record growth in permanent…
Edinburgh-based accounting software firm FreeAgent, which went public last year, said its revenue increased 41% to £8 million for the year ended March 31, but…
UPDATE 1 — Wheatley Group, Scotland’s biggest social landlord, confirmed reports that it secured a £100 million debt investment deal with BlackRock Real Assets as it drives forward…
UK courier firm DX Group on Monday announced revised terms for its agreement to acquire the distribution business of John Menzies in a reverse takeover — winning the support of DX’s largest shareholder. Gatemore…
Tern Plc, an investment company specialising in Internet of Things, announced the appointment of Scottish technology industry veteran Ian Ritchie as its non-executive chairman with effect…
The Ivy Collection, the group behind the world-famous Ivy restaurant in London’s Covent Garden — will open its first restaurant in Scotland this autumn in…
Aberdeen-based bus and rail giant FirstGroup said revenue in the year to March 31 rose 8.3% to £5.65 billion and profit before tax rose 23% to £207 million, helped…
The value of exports of all UK food and drink grew to a record £4.9 billion in the first quarter of 2017 — driven by whisky…
Edinburgh-based pensions and investment giant Standard Life said it has fully integrated its auto enrolment offering with Newcastle-based software giant Sage Group, the UK’s largest tech company. Standard…
North Sea oil exploration firm EnQuest said in an operational update that its flagship Kraken oilfield was on track to begin producing oil before the end…
The value of fish landed by Scottish registered vessels increased by 29% to a record £563 million in 2016, according to the latest statistics published by…
Standard Life chief executive Keith Skeoch told the Press Association in an interview he is confident the group’s proposed £11 billion merger with Aberdeen Asset Management…
Grangemouth refinery operator Ineos said it agreed to acquire the Dong Oil & Gas Business from Dong Energy for up to $1.3 billion. Ineos said the deal would position…
Aberdeen-based oil and gas services giant Wood Group on Wednesday increased its presence in the automotive hub of Detroit by acquiring CEC Controls for $59 million. And late on…
The High Court in London was told on Tuesday morning that a majority of claimants suing Royal Bank of Scotland over its £12 billion rights issue in 2008…
The Scottish government said 2016 was a record-breaking year for the number of foreign direct investment (FDI) projects in Scotland, according to the latest annual survey…
The UK’s Competition and Markets Authority (CMA) said it has started its routine inquiry into the proposed merger of Standard Life and Aberdeen Asset Management. A…
UPDATE 2 — Royal Bank of Scotland (RBS) is attempting to reach a last-minute settlement with a group of investors who allege that the bank misled them…
Aberdeen’s economy is showing signs of cautious optimism — helped by recent transactions in the oil and gas sector — according to financial advisory firm Grant Thornton. Grant…
Payments from a loan scheme designed to help vulnerable farmers and crofters in Scotland have started, the Scottish government said. More than 7,400 payments worth more…
Baillie Gifford’s flagship £5 billion fund, the Scottish Mortgage Investment Trust plc, said Fiona McBain would succeed John Scott as chairman of the FTSE 100…
Tesco Bank chief executive Benny Higgins is to succeed Ben Thomson as the new chair of the National Galleries of Scotland (NGS) board. The appointment is…
Job creation in Scotland reached an eight-month high in April despite business confidence easing to its lowest in six months, according to April’s Bank of Scotland Regional…
Glasgow-based international mobile power firm Aggreko announced a big change to its executive management team, with Nicolas Fournier, managing director of its Power Solutions division since November…
Edinburgh-based John Menzies said on Friday its proposed deal to merge its Menzies Distribution division with mail delivery firm DX Group continued to “move forward positively” and…
The Scottish government said Scotland’s £1 billion forestry sector would in future be “fully accountable to Scottish ministers and the Scottish Parliament” as it prepared to introduce its Forestry…
Standard Life and Aberdeen Asset Management expect to cut their combined workforce by up to 800 roles — nearly 9% of the companies’ combined payroll — within three years of their proposed merger, Standard…
Glasgow-based packaging firm Macfarlane Group on Tuesday published its annual general meeting statement covering 2017 to date, saying group sales had grown 11% compared to…
The first oil has begun to flow from the Shaw field, part of a major redevelopment of the Montrose Area in the Central North Sea about…
Hurricane Energy said on Monday the amount of oil estimated to be recoverable from its Lancaster field west of Shetland is 162% higher than previously thought,…
Activist shareholder Gatemore Capital Management has written to the board of mail delivery firm DX Group threatening to block its reverse takeover deal with the distribution arm of…
The trade body for the UK oil and gas industry has warned UK prime minister Theresa May the industry’s cost of trade in goods could rise from £600…
The National Farmers Union in Scotland has called on Scotland’s booming food and drink sector to address the growing imbalance between the profitability enjoyed by…
UPDATE 2 — Shares of Royal Bank of Scotland jumped 5% on Friday after it reported a first quarter attributable profit of £259 million, its first quarterly profit…
UPDATE 1 — Glasgow-based international mobile power firm Aggreko said in a first quarter trading update that its outlook for 2017 remained unchanged and that it…
Lloyds Banking Group (LBG) said it appointed retired High Court Judge Linda Dobbs as the independent legal expert to consider whether issues relating to the HBOS Reading…
UPDATE 1 — Newcastle and Edinburgh-based challenger bank Virgin Money insisted it had maintained a “strong focus on asset quality” as its credit card balances grew about 8% to £2.7…
UPDATE 1 — Two thirds of small employers in Scotland with EU workers are concerned about future skills shortages, according to new research from the…
Workloads for small and medium firms (SMEs) in Scottish construction rose faster in the first quarter of 2017 than at any time since the 2007 financial…
Shares of East Kilbride-based Goals Soccer Centres rose about 6% after it confirmed it was in “preliminary discussions” about a merger with rival firm Powerleague. “The board…
The economic value of golf tourism and events to Scotland has increased to £286 million a year, according to a study commissioned by VisitScotland and Scottish…
An estimated 530,000 jobs in Scotland depend on demand for Scotland’s goods and services from the rest of the UK, according to research by the University of Strathclyde’s Fraser…
Aberdeen Asset Management CEO Martin Gilbert said in an interview that bigger distribution in the United States would be a key ambiton of the combined Standard Life-Aberdeen…
The UK government said it agreed to sell its Edinburgh-based UK Green Investment Bank (GIB) to Macquarie Group of Australia for a total of £2.3 billion. The…
Edinburgh-based industrial testing firm Exova Group has agreed to a £620 million cash takeover offer from Element Materials Technology Group, the companies said on Wednesday. Element is…
Scotch and spirits firm William Grant & Sons said it acquired Hudson Valley, New York-based Tuthilltown Spirits to expand its reach into craft American whiskey distilling for the first…