4+ day, 9+ hour ago   (515+ words) Aberdeen Group has ended its long search for a successor to Sir Douglas Flint by appointing Torbjörn Magnusson as chairman of the Edinburgh-based investment manager. The appointment, which is effective immediately, will see Mr Magnusson take over from interim chair…...

1+ week, 3+ day ago   (600+ words) Ithaca Energy, which has stakes in six of the ten largest fields in the North Sea and two of the largest pre-development fields, including Rosebank, has been promoted to the FTSE 100 Index. EasyJet has rejoined the top index, but its…...

1+ week, 4+ day ago   (175+ words) BP has appointed Ian Tyler as chair of the company following an extensive search process, including both internal and external candidates. The former chair of Edinburgh-based Cairn Energy, now Capricorn Energy, will assume the role immediately. He will aim to…...

1+ week, 4+ day ago   (144+ words) Richard Burns, the former joint senior partner and chief investment officer at Edinburgh-based Baillie Gifford, has been appointed a non-executive director at TriCapital. TriCapital was founded in the Borders in 2004 as Tweed Renaissance Investors Capitaland in the past two years…...

1+ week, 5+ day ago   (331+ words) Irn-Bru manufacturer AG Barr has appointed Darren Shapland chair, effective from today, succeeding Susan Barratt who returns to her role as senior independent director. Mr Shapland brings extensive financial, operational, and governance experience from his previous leadership positions at various…...

1+ week, 6+ day ago   (374+ words) Bank of England governor Andrew Bailey has warned of a severe downturn in global stock markets if the AI bubble bursts. Mr Bailey sent a two-page letter to G20 finance ministers and central bank governors as part of his role as…...

2+ week, 1+ day ago   (483+ words) Sterling Furniture Group continues to strip out costs in the business after reporting another year of losses blamed on a mix of higher taxes, wages and challenging trading conditions. The company renegotiated supplier contracts, cut headcount and introduced more technology…...

2+ week, 4+ day ago   (339+ words) Aggreko, the Scottish power generator, has confirmed plans to list its shares in the US following a review by its private equity owners. The temporary energy business has filed a registration statement with the US Securities and Exchange Commission (SEC)…...

2+ week, 6+ day ago   (280+ words) A Scottish investment trust is again being targeted by a New York hedge fund demanding boardroom changes. Edinburgh-based Baillie Gifford US Growth Trust has received a requisition notice from Saba Capital Management which wants shareholders to back the appointment of…...

3+ week, 3+ day ago   (706+ words) JD Sports Fashion, the leisurewear group, has issued a profits warning after its second quarter sales took another downward turn. Group organic sales declined 1.3% in the period, a worsening from the previous quarter’s 0.1% decrease, with like-for-like sales down 3.1%. UK sales…...