Low carbon industries ‘are worth £10.7bn’

The Scottish Government said latest figures from the UK’s Office of National Statistics (ONS) show that low carbon industries in Scotland generated £10.7 billion in turnover…



JD Sports buys Go Outdoors for £112m

JD Sports Fashion said it bought Go Outdoors for about £112.3 million from its private equity buyers. JD Sports said the acquisition will complement its existing interest in…


Burness Paull on 50 deals worth £2.5bn

Scottish law firm Burness Paull said it completed almost 50 corporate deals worth more than £2.5 billion in the last three months. Among a number of private…



Aberdeen assets up 10% to £312.1 billion

Aberdeen Asset Management said its assets under management rose 10% to £312.1 billion in the year to September 30 — but underlying profit before tax decreased to £352.7…






£144m plan for Glasgow Airport ‘tram-trains’

Glasgow Council leaders have unveiled plans to build a direct “tram-trains” rail link between Glasgow Airport, Paisley and Glasgow city centre. It said the £144 million Glasgow Airport…


China’s Ctrip to buy Skyscanner for £1.4bn

China’s biggest online travel company Ctrip.com International said it agreed to buy Edinburgh-based travel search site Skyscanner Holdings for about £1.4 billion. Ctrip said Skyscanner’s current management team…


BNY Mellon on Aberdeen Council £370m bond

BNY Mellon said it has been appointed as trustee and paying agent on Aberdeen City Council’s £370 million bond issue — the largest ever bond issued by a…


Price forced Aberdeen to abandon Pioneer bid

Aberdeen Asset Management pulled out of a bid for UniCredit’s Pioneer Global Asset Management because the 3.5 billion euros price was too high, Aberdeen’s chief executive…



Macfarlane shares up 8% as profit rises

Shares of Glasgow-based packaging firm Macfarlane Group rose 8% after it said its profit before tax for 2016 to date “continues to be well above the…


Diageo workers vote for industrial action

Workers at Scotch whisky and drinks giant Diageo have voted to take industrial action over the company’s plans to change their pension schemes. The Unite union said its…


Martin named Newsquest Scotland editor-in-chief

Newsquest Scotland has appointed veteran Scottish newspaperman Donald Martin as its editor-in-chief. Martin will return to Newsquest Scotland to lead about 200 journalists and a portfolio of titles…



Flybe terminates Loganair franchise agreement

UK airline Flybe announced that its franchise agreement with Glasgow-based Loganair to fly under the Flybe brand has been terminated with effect from August 2017 “following…


Omega’s allergy business could be acquired

Shares of Alva-based Omega Diagnostics Group rose about 5% after it said it received an approach from Immunodiagnostic Systems Holdings (IDS) which could result in the acquisition of Omega’s allergy business. IDS…





FanDuel to merge with rival DraftKings

Manhattan and Edinburgh-based fantasy sports firm FanDuel said on Friday it has agreed to merge with rival DraftKings. The transaction, subject to regulatory approvals, is expected…




Nish touted as contender for HSBC chairman

Speculation has been mounting in recent days that former Standard Life chief executive David Nish could be a strong internal candidate to succeed fellow Scot Douglas Flint as chairman…



Parkmead looks to buy as it reduces losses

Aberdeen-based independent oil and gas firm Parkmead said it is evaluating more acquisition opportunities to take advantage of low oil prices as it announced it made a £6.7…


Regulator calls for asset management reforms

The Financial Conduct Authority (FCA) has published critical interim findings from its market study into the UK’s £7 trillion asset management industry, saying that “price competition is weak” and that profits remain…






Stan Life risk-based MyFolio funds reach £10bn

Edinburgh-based asset management giant Standard Life Investments (SLI) said its MyFolio range of funds — which enables investors to choose their preferred level of investment risk — reached…


Scots unemployment again below UK level

Unemployment in Scotland fell by 14,000 in the July to September period — and is down 38,000 over the year — to stand currently at 129,000, according…


FreeAgent raises £10.7m in stockmarket debut

Edinburgh-based accounting software firm FreeAgent said its shares floated on the Alternative Investment Market (AIM) of the London Stock Exchange on Wednesday. FreeAgent said it raised £10.7…





Aggreko expects £225m full-year profit

Glasgow-based international mobile power provider Aggreko said in a trading update that it expects its 2016 full year results to be broadly in line with current market…






Wood Group wins $40m ExxonMobil contract

Aberdeen-based oil and gas services giant Wood Group said it was awarded a $40 million contract by ExxonMobil Chemical to provide main automation contractor services for…


Regulator ‘reservations’ on Stan Life India deal

Edinburgh-based insurance and investment giant Standard Life said India’s insurance watchdog had “expressed reservations” about accepting the current terms for the purchase of Max Life Insurance by Standard Life’s Indian joint…






Johnston Press in talks to sell titles

Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post — said it is in late stage discussions with Cambridge-based Iliffe…



Glasgow Airport has busiest October ever

Glasgow Airport reported its busiest October ever as 884,350 passengers travelled through the airport’s doors last month — an annual increase of 5.7%. International traffic in October rose 8.3%…




Edinburgh Airport tops 1m passengers in October

Edinburgh Airport said it had 1,129,720 passengers in October — making it the busiest October ever at a Scottish Airport. Edinburgh Airport, owned by Global Infrastructre Partners —…




Stan Life Investments: Trump brings ‘uncertainty’

Edinburgh-based asset management giant Standard Life Investments (SLI) has told clients that Donald Trump’s US presidential election victory introduces “significant uncertainty to the outlook for government…



EnerMech cranes get £85m contracts boost

Aberdeen-based mechanical engineering group EnerMech said its cranes and lifting division has secured international contract wins, extensions and renewals worth at least £85 million. In Azerbaijan, BP Exploration…




Tesco Bank refunds £2.5m to 9,000 customers

Edinburgh-based Tesco Bank said 9,000 customers were affected by the fraudulent transactions that hit the bank last weekend and that all customers affected were fully reimbursed by…