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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….












Investors OK £2.2bn Wood Group-Amec FW deal

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…











Menzies merger firm DX probed by police

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…


Wood Group wins BAE submarines contract

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…






Revised Menzies-DX deal wins over big shareholder

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…


Ian Ritchie appointed chairman at Tern

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…





Standard Life teams up with Sage for auto enrolment

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…












£45m loan payments start for Scots farmers

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…




Scots job creation at eight-month high

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…


Executive shake up at Aggreko

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…


Menzies confident DX Group deal will go through

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…



800 roles could go in Standard Life-Aberdeen merger

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…





Shareholders threaten to block Menzies-DX deal

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…





Aggreko progress hampered by Argentina

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…



Virgin Money credit card balances up to £2.7bn

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…


Small Scots firms depend on EU workers

UPDATE 1 — Two thirds of small employers in Scotland with EU workers are concerned about future skills shortages, according to new research from the…



Goals Soccer Centres confirms merger talks

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…