News

An agreement has been reached by LGT, the international private banking and asset management group owned by the Princely Family of Liechtenstein, to acquire abrdn's discretionary fund management business in the UK and Jersey for £140 million. The transaction involves approximately £6.1 b

Dundee-based insurtech company Broker Insights has appointed Dr Artur Niemczewski as a non-executive director. During his 25-year executive career in insurance, Dr Niemczewski has held several C-suite positions, including with AXA, Willis/WTW, Marsh, and Xchanging/DXC.

Invoice finance provider Bibby Financial Services (BFS) has made available more funding for Scotland’s small and medium sized enterprises in 2022 as part of its growth strategy. Debts factored – the total funded turnover of BFS clients in Scotland – grew by 12% to £382 millio

A two tier commercial market has emerged in Aberdeen, where "rents and terms are holding up for ‘best in class’ buildings, but functionally or locationally obsolete buildings are struggling" according to Savills. The comments reflect activity in the last year with Savills recording

The Scottish Tourism Alliance (STA), the acknowledged overarching trade body and voice for Scotland’s tourism and hospitality industry has today published an open letter with a call for Scotland’s new First Minister to halt the Scottish Government’s proposed ban on alcohol advertis

Balfour and Manson has appointed Scott Foster as its new chief operating officer. Mr Foster, who spent 35 years at Royal Bank of Scotland, mainly as a relationship manager to professional service firms, joins on 3 April 2023. He has worked as a relationship banker with Balfour and Manson for 18 year

Fresh from winning its first contract to deliver internal audit services to a housing association in England, Wylie & Bisset has landed a second contract. The Scottish accountancy and business advisory firm recently won a contract with Rochdale Boroughwide Housing.

Google owner Alphabet has sacked its robot cleaners as part of a cost-cutting exercise. More than 100 robots developed by the tech giant's Everyday Robotics department were helping to clean cafeterias and conference rooms in its San Francisco headquarters.

UK-wide tanning salon chain Indigo Sun has reported record results with a turnover of over £26 million and nearly £5.6m pre-tax profit in its latest financial year ending September 2022. The family-owned Scottish business has seen both turnover and profits double on the previous financia

The Smart Things Accelerator Centre (STAC), Scottish internet of things (IoT) accelerator, has inked a partnership with Glasgow-based wealth management specialist Murphy Wealth to address an increasing funding gap for Scottish early stage tech startups, and ensure experienced talent is in place to b

Professional services group Progeny has appointed Heather Ross to the new role of head of academy. The firm has offices in Edinburgh and Ayrshire and launched its adviser academy in April 2019 which currently offers a three-year programme that targets chartered status.

Accounting and advisory firm Condies has announced the opening of a new location in Dundee and the expansion of its team. The firm has said it is aiming to achieve a 20% growth in fees from the new location within 12 months.

Wood Group's share price has been given a boost after the Aberdeen-based firm rejected three preliminary takeover proposals from US private equity firm Apollo Global Management.

BrewDog has announced it will cancel its 2023 Annual General Mayhem event in Aberdeen, instead opting to move the event to its own bars due to rising costs. The event, which draws visitors from around the world to Aberdeen, incurs losses of around £1m, according to CEO James Watt.

M&A volume in Scotland last year rose by 10.7% to 446 announced deals, up from 403 in 2021, with a total deal value of £24.8 billion, the latest Experian United Kingdom and Republic of Ireland M&A Review shows. The value of deals was 22% higher than the previous year.