Shareholders OK Catterton stake in Innis & Gunn
Edinburgh-based craft beer company Innis & Gunn said that holders of 99% of its ordinary shares voted to accept an offer of investment in the business…
Edinburgh
Revenue up 16% to $58m at Edinburgh’s Craneware
Shares of Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, rose about 3% on Tuesday after it reported revenue up 16% to $57.8 million…
Menzies Distribution buys all-electric Gnewt Cargo
Edinburgh-based Menzies Distribution said it acquired London-based Gnewt Cargo, the all-electric delivery firm, for an undisclosed sum. Gnewt, founded in 2008, provides final-mile delivery services…
Record 2.7 million attend Festival Fringe shows
More people than ever attended shows at the Edinburgh Festival Fringe this year. By Monday afternoon, with hundreds of performances still to take place, an…
Cairn Energy shares up amid $313m H1 profit
Shares of Edinburgh-based oil and gas company Cairn Energy rose about 5% on Tuesday after it reported a half-year profit before taxation of $312.8 million versus…
Virgin Trains’ Scotland-London business booms
Virgin Trains said it has witnessed an “historic shift” in travel patterns as more Scotland-London passengers “choose train over plane than at any time in…
Edinburgh’s Quartermile 2 sold for £28.5m
UBS Asset Management’s real estate and private markets business completed the acquisition of prime office building Quartermile 2 on the site of the former Edinburgh…
£220m Edinburgh Airport plan takes off
Work is under way on a three-storey extension to Edinburgh Airport’s terminal building — the start of a current £80 million investment plan to help…
Wheatley affordable housing funds up to £500m
Wheatley Group, Scotland’s biggest social landlord, said it secured a further £65 million of private investment and that it will return to the capital markets in the…
Big changes as Macquarie seals Green Bank deal
Australia’s Macquarie Group said on Friday its consortium completed the acquisition of Edinburgh-based UK Green Investment Bank from the UK Government for £2.3 billion. Macquarie said…
Menzies shares up amid positive outlook
Shares of Edinburgh-based aviation logistics and news distribution company John Menzies rose more than 3% on Tuesday morning after it said turnover increased 21% to £1.2 billion…
John Menzies and DX terminate merger plan
Edinburgh-based John Menzies said on Monday it terminated the merger talks between its distribution business and courier firm DX Group. “Notwithstanding the strong strategic and commercial benefits…
£700m Cala sale talks may be revived – report
Edinburgh-based upmarket home builder Cala Group has engaged investment bank Lazard to revive talks about a potential £700 million sale of the firm just months after a takeover…
Busiest month ever at Edinburgh, Glasgow airports
Scotland two biggest airports had their business month ever in July with growth in international flights continuing to drive their expansion. Edinburgh Airport experienced the…
Assets up to £151bn at Edinburgh’s Aegon UK
Edinburgh-based pensions, investment and insurance firm Aegon UK said on Thursday its “platform” assets reached £107 billion and total assets under administration hit £151 billion…
Edinburgh trams may get £165m Newhaven extension
Councillors in Edinburgh are set to consider further the feasibility of extending Edinburgh Trams from York Place to Newhaven via Leith Walk. A report will…
Stan Life H1 profit +6% to £362m ahead of merger
Edinburgh-based investment and insurance group Standard Life said its first-half operating profit before tax rose 6% to £362 million and assets under administration rose 1% to…
Craft brewer Innis & Gunn turnover +22% to £14.3m
Scottish independent craft brewer Innis & Gunn said its turnover rose 22% to more than £14.3 million in 2016. The Edinburgh-based brewer said it also…
Alliance Trust ‘encouraged’ by external manager start
Dundee-based investment firm Alliance Trust announced results for the six months to June 30 as it makes a transition to its new investment approach with…
Aberdeen, Edinburgh to be hardest hit by Brexit
Aberdeen would be the British city hardest hit by Brexit, with Edinburgh not far behind, according to a new study by the think tank Centre…
UK financial regulator increases Scotland presence
The UK’s Financial Conduct Authority (FCA) announced the appointment of Edinburgh pensions and insurance veteran Maggie Craig as the Head of Department, Scotland — a…
£1bn Edinburgh City Deal to create 21,000 jobs
The £1 billion Edinburgh and South East Scotland City Region Deal has finally been agreed, with the Scottish and UK governments investing £300 million each in…
RBS share sale ‘value for money’ despite £2bn loss
A report by the UK’s National Audit Office (NAO) has concluded that the first sale of UK government shares in Royal Bank of Scotland (RBS)…
Scotland, Wales ‘won’t support’ EU Withdrawal Bill
The First Ministers of Scotland and Wales said the UK government’s European Union (Withdrawal) Bill is a “naked power-grab” for which the Scottish and Welsh Governments…
North America tourist spend up 40% to £641m
Visitors to Scotland from North America spent £641 million in the 12 months to the end of March 2017, a 40% rise on the previous…
Scots consortium buys Speyside’s Glenallachie
Pernod Ricard said it signed an agreement with a consortium that includes Scotch whisky industry veteran Billy Walker for the sale of Glenallachie Distillery in…
RBS pays £4.2bn to resolve US mortgage probe
Royal Bank of Scotland said it will pay £4.2 billion to settle one of two US investigations into allegations it mis-sold mortgage-backed bonds. RBS needs to…
Delay to £1bn Edinburgh City Deal hurts investment
Delays to the £1 billion Edinburgh and South East City Region Deal could cost the Scottish economy crucial investment, Economy Secretary Keith Brown has warned….
Cochrane becomes interim CEO of Carillion
Construction and outsourcing firm Carillion said on Monday it appointed Keith Cochrane — former chief executive of Stagecoach and Weir Group — as its interim…
Menzies merger firm DX avoids ‘full investigation’
Courier firm DX Group, currently in the process of merging with the distribution business of Edinburgh-based John Menzies, said on Friday that the City of London Police “will not…
Scottish Enterprise CEO Lena Wilson steps down
Scottish Enterprise confirmed that its chief executive Lena Wilson is to step down after nearly eight years in the job. Wilson told the organisation’s employees…
Scots economy rebounds to outpace UK growth
UPDATE 2 — Scotland’s gross domestic product (GDP) rose 0.8% in the first quarter of 2017 compared to the previous three months — outpacing the quarterly…
Perthshire home sales up to £70m in first half
Almost £70 million worth of homes were sold by member firms of the Perthshire Solicitors Property Centre (PSPC) in the first half of 2017, with some…
Surprise as Higgins retires from Tesco Bank
Edinburgh-based Tesco Bank sprung a surprise on Tuesday when it announced that its CEO Benny Higgins would retire from Tesco in February 2018. Higgins joined Tesco…
Atlantic salmon to be tagged in conservation move
Hundreds of Atlantic salmon are to be tagged and released back into the wild as part of a new study aimed at increasing the understanding…
Fraser of Allander: Growth returns to Scots economy
Growth will return to the Scottish economy in 2017 “with tentative signs of a more positive outlook for Scotland’s oil and gas sector and improving…
Shortage of new Edinburgh offices pushes up rents
A severe shortage of new office development in Edinburgh has led to a steep rise in rents on refurbished offices, according to Savills. Rents on…
Lothian Buses profit £11.9m on £146m revenue
Lothian Buses said in its annual report that its revenue rose £4 million to £146 million in 2016, with profit up from £6.4 million to £11.9 million….
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….
Cairn Energy wins licenses in Mexico round
Edinburgh-based oil and gas company Cairn Energy said it secured interests in two licences in the Mexico offshore bid round. The licences are located in the…
Queensferry Crossing to open on August 30
The new Queensferry Crossing will open to traffic on August 30, 2017, the Scottish Government announced. The new bridge across the Forth will then close to…
HSBC to create 500 new jobs in Scotland
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…
US authorities move to block FanDuel merger
The US Federal Trade Commission (FTC) said on Monday it has authorized legal action “to block the merger” of Edinburgh-headquartered FanDuel and Boston-based DraftKings, the two…
Skeoch: Stan Life ‘would sell £16bn annuity business’
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…
Edinburgh homes now selling within 15 days
The median selling time for properties in the Edinburgh area is down to 15 days “indicating a thriving market where buyers are willing to snap…
Scotgold agrees first sales to jewellery industry
Scotgold Resources Ltd said it signed its first sales agreement with the Scottish jewellery industry involving two prominent Scottish jewellery manufacturers. The agreement covers the first refining batch — about…
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…
Borders Railway Carlisle extension being studied
Extending the Borders railway to Carlisle will be one of the options considered by a new study looking at improving transport provision in the south of…
Edinburgh Trams passenger numbers up 9.3%
Edinburgh Trams said it carried 5.38 million passengers in its second 12 months of operation, an increase of 9.3% on the previous year, when 4.92 passengers…