Stan Life ‘would support HSBC move from UK’
Edinburgh-based fund giant Standard Life Investments, a shareholder in HSBC, would support the global bank if it decided to move its headquarters away from London…
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HBOS report: execs could face action
The report into the collapse of HBOS has recommended that regulators should consider whether former bosses at the bank should be banned from the finance industry. The review also concluded…
$20bn Nthn Rock loans sold to Cerberus
The UK government has sold $20 billion (£13 billion) of former Northern Rock mortgages and loans to US private equity firm Cerberus in the largest ever…
Scottish Mortgage Targets Unlisted Firms
By Mark McSherry Scottish Mortgage Investment Trust’s latest results show a big increase in its stakes in companies not listed on the stock market and reveal…
RBS income falls £596m on road to rehab
Royal Bank of Scotland (RBS) said it made a third quarter operating loss of £134 million, down from a profit of £1.1 billion in the same…
Firms lured to £1bn Dundee Waterfront plan
A growing number of international and UK-based investors and developers are showing interest in the £1 billion Dundee Waterfront regeneration project that will transform 240 acres…
Wood Group wins multi-million dollar BP deal
Aberdeen-based oil and gas services giant Wood Group has won a multi-million dollar contract to provide engineering services to BP in the Gulf of Mexico, UK…
Food, drink exports to France reach 1bn Euros
French love of Scottish whisky and seafood has helped Scots food and drink exports to France to increase by more than 50 per cent since 2007…
CEO Godfrey leaves Investment Association
The Investment Association (IA) — the powerful trade group for the Scottish and UK fund management industry — said Daniel Godfrey is leaving his role as its chief executive,…
Scotch giant Diageo hires new CFO from Xerox
Scotch whisky giant Diageo, the world’s biggest spirits maker, said Kathryn Mikells (pictured) will become its chief financial officer on November 9. Mikells succeeds Deirdre Mahlan, who is returning to…
Scots Govt. launches $118m innovation fund
Scotland’s First Minister Nicola Sturgeon has launched a £78 million ($118m) fund to help the country become an “innovation nation” and push Scottish businesses to develop almost 1,000 new inventions, products and…
Edinburgh Council to sell Atria for £100m
The City of Edinburgh Council has put the prestigious Atria office development in the heart of the Scottish capital’s Exchange financial district on the market for…
Stagecoach wins extension of East Midlands
Stagecoach subsidiary East Midlands Trains has won a deal to continue running services between London, the East Midlands and parts of the north of England until…
Finance chief leaves Edinburgh’s Virgin Money
Edinburgh-based Virgin Money said on Tuesday that Lee Rochford is to “stand down” as chief financial officer (CFO) and as an executive director of the company….
Lothian Buses hit £135m revenue; trams strong
The main bus company for Scotland’s capital city continues to make good profits for major shareholder Edinburgh Council, while the new Edinburgh Trams service has made a stronger start…
Stan Life falls despite profit; Skeoch runs both firms
Shares in Edinburgh-based investment, insurance and pensions giant Standard Life fell more than 3% on Tuesday afternoon despite the company reporting that its first-half operating profit rose…