News









Wood shares fall 7% after trading update

Shares of Aberdeen-based oil and engineering giant Wood plc — which recently completed the £2.2 billion acquisition of rival firm Amec Foster Wheeler (AFW) — fell 7%…





70,000 affordable homes built since 2007

The Scottish Government said more than 70,000 affordable homes have been delivered since 2007 — a total of 48,813 homes for social rent, including 8,819…



Scots Govt. budget planning ‘short-sighted’ – FAI

The Scottish Government’s budget planning “remains remarkably short-sighted,” according to the latest Economic Commentary from the Fraser of Allander Institute (FAI). David Eiser, Head of Fiscal Analysis…


Glasgow PE firm Maven exits SPS with 3x return

Glasgow-based private equity firm Maven Capital Partners announced its exit from promotional merchandise company SPS (EU) Holdings while “delivering a 3x return on funds invested…




£65m Scots manufacturing institute launched

The new £65 million National Manufacturing Institute for Scotland (NMIS) is to be created at Inchinnan in Renfrewshire, next to Glasgow International Airport. Strathclyde University…








Aberdeen Standard makes China breakthrough

Scottish asset management giant Aberdeen Standard Investments announced that its wholly foreign-owned enterprise (WFOE), Aberdeen Asset Management (Shanghai), secured registration as a private securities investment fund manager…


Graham’s Dairy turnover up 20% to £100m

Bridge of Allan-based Graham’s The Family Dairy said its turnover rose 20% to £100.5 million in the year to March, 2017. Graham’s said it has an exciting…




Wood Group wins GlaxoSmithKline contract

Aberdeen-based engineering giant Wood Group said it won a multi-million dollar contract supporting drug major GlaxoSmithKline in Germany. Wood will provide GSK Vaccines GmbH (GSK),…


Aberdeen Council keeps rating after £370m bond

Aberdeen City Council said it has been recognised for “a strong institutional framework” and “strong track record of operating performance” by credit rating agency Moody’s,…




MPs call for investigation into SSE-Npower merger

The UK’s Business, Energy and Industrial Strategy (BEIS) Committee has written to the Competition and Markets Authority (CMA) calling for an investigation into the proposed merger between the…



Rockwell acquires Edinburgh’s Odos Imaging

Milwaukee-based Rockwell Automation, Inc. has acquired Craigmillar, Edinburgh-based Odos Imaging, a technology company that provides three-dimensional, time-of-flight sensing systems for industrial imaging applications. “We are…



Strong quarter for Scots engineering sector

Trade group Scottish Engineering said in its latest Quarterly Review that Scotland’s engineering sector continues to report increased orders and output despite the political uncertainty…






Stagecoach shares up 13% amid UK rail changes

Shares of Perth-based train and bus giant Stagecoach rose 13% after the UK’s Department for Transport (DfT) announced a number of changes to franchises currently operated…





Apex Hotels revenue up 6% to £65m

Edinburgh-based Apex Hotels Limited reported another consecutive year of growth in the 12 months to April 30 with a 6% rise in turnover from £61.3 million to…


EnerMech forecasts 2017 revenue of £360m

Aberdeen-based mechanical engineering group EnerMech said its 2016 revenues rose by almost £10 million to £263.7 million on the previous year — and forecast that 2017…




Menzies to unveil plans to split in two by March

Edinburgh-based aviation logistics and news distribution company John Menzies said in a trading update that it expects “to be able to make a firm announcement” on splitting the…