Apollo Global Management has withdrawn its fifth proposal to acquire Aberdeen-based energy services company Wood Group, causing the company’s share price to drop to 135p on Monday morning, which equated to a loss of over £500 million in the company’s stock market value.
Fiona Cameron, banking partner in Shoosmiths’ Glasgow office, examines the significance of the recently passed Moveable Transactions (Scotland) Bill and outlines why it’s likely to be welcomed by Scotland’s banking practitioners and lenders.
Armstrong Gardens and Landscapes, an Edinburgh-based garden design and build specialist, has bounced back from the pandemic to report a record turnover of more than £1 million.
The Sustainable Aquaculture Innovation Centre (SAIC) has announced support for a further six innovation projects valued at £2.5 million, taking its total investment in research and development initiatives to 100 projects.
The Highlands experienced a record year for its screen industry in 2022, with a direct spend of over £3 million from national and international productions.
Asset management firm abrdn has appointed Anne Breen as head of real estate, as the company moves towards a simplified focus on growth by dividing its real assets division into real estate and infrastructure.
Savers across Scotland have seen their finances take a hit over the last 12 months with the vast majority of Scots (85%) seeing the increased cost-of-living directly impacted their finances, according to latest researched by Scottish Building Society.
Roddy Smith discusses the negative impact of the UK government’s decision to end tax-free shopping on the tourism industry, particularly in Edinburgh, and the ongoing efforts to reverse this decision in order to boost the economy and attract more visitors.
Glasgow-headquartered Maven Capital Partners has invested an additional £1.25 million in global carpool and on-demand transport tech provider Liftango, which counts Amazon, Ikea, and Tesla among its clients.
Edinburgh-headquartered Dot Surveying has transitioned to an employee-owned business structure, with the company’s founder, Tom Gallivan, selling a majority stake to an employee ownership trust (EOT).