News






Sandy Crombie joins LendingCrowd as chairman

Sandy Crombie, the former Standard Life CEO and Royal Bank of Scotland senior independent director, has joined Scottish fintech lender LendingCrowd as chairman. Launched in late…








Barr first-half revenue up 5.5% to £137m

Cumbernauld-based Irn-Bru maker A.G. Barr said its revenue grew 5.5% to £136.9 million and profit before tax and exceptional items increased 4.0% to £18.2 million…


WIG raises £220m to invest in 5G-ready wireless

Edinburgh-based Wireless Infrastructure Group’s (WIG) said it completed a debt fund raising of £220 million to “accelerate its investments into neutral-host, 5G-ready wireless infrastructure.” The new…



Drax targets £1bn of ScottishPower assets

North Yorkshire-based power company Drax Group is in talks to buy a number of ScottishPower assets as it continues to diversify away from coal-burning generation. Drax said…


Aberdeen’s Verus in $400m North Sea deal

Aberdeen-based Verus Petroleum said it agreed to acquire Cieco Exploration & Production (UK) Limited, a subsidiary of Japanese commodity trading house Itochu Corporation, in a deal…



Scots economy outperforms UK

Scottish GDP grew by 0.8% in the first half of this year compared to 0.6% in the UK, according to new statistics from Scotland’s chief statistician….


Celtic makes record revenue of £102m

Celtic plc said it made record sales revenue of £101.6 million (2017: £90.6 million) and a profit before tax of £17.3 million (2017: £6.9 million) for…






Aberdeen Standard in multi-billion rail plan

Edinburgh-based asset management giant Aberdeen Standard Investments and London-based Rock Rail and have finalised an agreement to fund, purchase and then lease new fleets of trains…





IP law firm Murgitroyd’s revenue slips below £44m

Glasgow-based intellectual property law firm Murgitroyd Group said on Tuesday its revenue slipped to £43.9 million in the year ended May 31, 2018, from £44.3 miilion the previous year. Underlying…


Nucleus Financial assets rise 16% to £14.3bn

Edinburgh-based funds platform Nucleus Financial Group Limited on Tuesday announced its inaugural set of interim results as a quoted company, with period end assets under administration rising…




Shareholders OK Clydesdale-Virgin Money deal

Shareholders of Clydesdale and Yorkshire Bank owner CYBG and shareholders of Virgin Money on Monday overwhelmingly approved the all-share deal for CYBG to take over its Newcastle-based…


VisitScotland and Expedia in hotel partnership

VisitScotland and Expedia Group, the world’s largest online travel company, are joining forces to help drive travel demand through supporting the country’s hoteliers. “Through the…



STV Productions hires Mortimer from Tinopolis

Glasgow-based media firm STV said it appointed David Mortimer — the man behind hit shows including Dragons’ Den, Louis Theroux’s Weird Weekends and 71 Degrees North…


Robertson Group revenue up 33% to £752m

Stirling-based construction and infrastructure firm Robertson Group said it delivered a 33% increase in turnover to £752 million and an 18% hike in profit before tax…







TSB CEO Pester leaves after IT fiasco

UPDATE 3 – TSB Bank Plc said on Tuesday that its CEO Paul Pester is leaving the company after months of pressure that followed a botched…




£17m pledged in Scots electric vehicle push

Scotland’s First Minister Nicola Sturgeon announced on Monday £16.7 million of additional funding to help significantly increase the number of green buses across the country and…


TSB hit by yet another IT problem

TSB — which is owned by Spain’s Banco Sabadell — said on Monday some of its customers are having problems using its internet banking facilities, its…




SSE, Npower merger provisionally cleared by CMA

The Competition and Markets Authority (CMA) said on Thursday it has provisionally cleared the merger of SSE Retail and Npower after an in-depth review. Perth-based energy giant SSE…


Beeks Financial revenues rise 41% in maiden year

Glasgow-based Beeks Financial Cloud Group, the recently-floated automated trading provider for financial markets, said its revenues increased 41% to £5.58 million for the year ended June…


Johnston Press H1 revenue falls 10% to £93m

Johnston Press — the debt-laden owner of The Scotsman, the i newspaper, the Yorkshire Post and about 200 local newspapers and websites — said on Wednesday its revenue…







Macfarlane H1 turnover up 14% to £102m

Glasgow-based packaging firm Macfarlane Group said its turnover rose 14% to £102 million and profit before tax soared 39% to £3.5 million in the six months…


BrewDog half-year sales up 55% to £78m

Ellon, Aberdeenshire-based craft brewing firm BrewDog on Thursday released a half-year trading update and said its total revenue is at £78 million, up 55% on…