News


Oxford’s Mapstone graduates to St Andrews

Professor Sally Mapstone, the pro-vice-chancellor for education at the University of Oxford, is to be the next principal of the University of St Andrews. Mapstone, 58,…


EU Bank outlines investments for Scotland

Senior executives from the European Investment Bank (EIB), the world’s largest international public bank, are in Scotland this week to outline new financing opportunities for Scottish businesses and unveil…


Major UK cities ‘fight to stay in EU’

Ten major UK cities outside of London including Glasgow, Manchester, Newcastle, Birmingham and Cardiff will join forces and fight to keep the UK in the EU, according to a…




Scotch Whisky calls for 2% excise duty cut

The Scotch Whisky Association (SWA) has called for a further 2% cut in excise duty in next month’s budget, stressing the industry’s importance to the Scottish…



Wood Group cuts rates for contractors

Aberdeen-based Wood Group PSN said it plans to reduce the rates paid to a third of its UK-based limited company contractors by an average of 9 per…


Skyscanner revenue up 28% to £120m

Edinburgh-based travel search engine Skyscanner said on Friday its revenue rose 28% to £120 million in 2015 as mobile platform bookings helped it continue its global growth. Skyscanner…


Standard Life operating profit up 9% to £665m

Edinburgh-based Standard Life said on Friday its operating profit before tax rose 9% to £665 million in 2015 — beating analysts’ forecasts of £616 million — as the investment, pensions…



BrewDog turnover jumps 52% to £45m

Ellon, Aberdeenshire-based craft beer company BrewDog on Thursday announced “draft” 2015 business results, reporting a 52% increase in annual turnover to £45 million. The company said BrewDog is now the number one…




Scottish soccer grows international audience

Scottish league football is being screened in more than 100 countries for the first time after a number of new international broadcast deals were struck in territories around the…


Forth Ports in major Dundee investment

Forth Ports said it plans to make the “largest investment in the history of the Port of Dundee” by investing more than £10 million to create a new…


Scots employment ‘highest on record’

Scotland’s employment rate increased to 74.8% in the third quarter of 2015 — outperforming the UK — and the Scottish employment level of 2.636 million was…




Wood enters new market with Valero refinery

Aberdeen-based energy services giant Wood Group has signed a five year contract with Valero Energy that marks an important expansion for Wood into the UK petrochemical sector….




HSBC keeps HQ in London – but focus on Asia

HSBC said on Monday that while Asia is at the heart of the banking group’s strategy, it had decided to remain headquartered in London after an “exhaustive” review. “Having our…


Garrett-Cox to leave Alliance Trust

Dundee-based investment trust company Alliance Trust said on Monday that Katherine Garrett-Cox, CEO of its subsidiary Alliance Trust Investments (ATI), would stand down as chief executive of ATI on March…


Celtic revenue £31m; Europe causes frustration

Celtic plc said its revenue increased 0.3% to £31.4 million and profit before tax rose from £6.6 million to £11.7 million in the six months ended December 31, 2015. However,…




New CEO at RBS private banks Coutts, Adam

Royal Bank of Scotland has appointed Peter Flavel as chief executive of private banking, responsible for Coutts & Co and Adam & Company. Flavel (pictured) joins…


EU delay means ‘£440m due to Scots farmers’

Delays to the EU’s Common Agricultural Policy (CAP) new payments system have left cash flows for Scottish farmers “under severe pressure” with around £440 million still outstanding,…


Robertson chosen for Dundee Waterfront role

Robertson has been selected as preferred developer for the £40 million development of apartments, office space and a hotel next to the new V&A Museum in the Dundee…


34,711 Scots companies formed in 2015

There were 34,711 companies formed in Scotland in 2015 — and 19,772 businesses dissolved — according to research by Inform Direct. That took the total number…








Menzies Distribution acquires Thistle Couriers

Edinburgh-based Menzies Distribution has acquired Thistle Couriers of Aberdeen for an undisclosed sum — the firm’s third acquisition in the past 12 months. Menzies said the move…


JLL warns Scotland not building enough homes

Property firm JLL has warned that Scotland is not building enough homes to meet either current demand or the Scottish Government’s current recommended targets for homes. In…


Archangels and SIB invest another £3.9m

Edinburgh-based angel investors Archangels have teamed up with the Scottish Investment Bank (SIB) to commit to four further rounds of investment for expanding Scottish firms, with additional funding of…


Stan Life expects more debt market volatility

Edinburgh-based Standard Life Investments has told investors it expects another year of volatility in debt markets — and said it believes the risk of recession “is lower than the market…





Rippon new chief at Worldwide Cancer Research

St Andrews-based Worldwide Cancer Research said it has appointed Dr Helen Rippon as its chief executive to succeed Norman Barrett, who is retiring after eight years with the organization. Previously director…


Centrica sells three wind farms for £423m

A consortium of funds involving Edinburgh-based UK Green Investment Bank and US investment giant BlackRock have bought one wind farm in Aberdeenshire and two off the coast of…


Beijing development bank role for Alexander

Former UK Treasury minister Danny Alexander has been confirmed as one of the five vice presidents of the new Beijing-based Asian Infrastructure Investment Bank (AIIB). The new development…


Faroe makes progress despite oil gloom

Aberdeen-based Faroe Petroleum, the independent oil and gas exploration company active in the UK and Norwegian continental shelves, said it had a year of growth and progress in 2015 despite…



IoD fears BoE ‘stoking debt-fuelled bubbles’

The Institute of Directors has repeated its warnings about “ultra-accommodative monetary policy” after the monetary policy committee of the Bank of England, the UK’s central bank,…



Clydesdale could quickly be involved in deal

Newly independent Clydesdale and Yorkshire Bank (CYBG) might quickly become involved in consolidation deals in the banking sector. “Like others out there, we would be viewed…


Stagecoach, FirstGroup fight for South Western

Perth-based Stagecoach and Aberdeen-based FirstGroup have been shortlisted to compete for the next South Western rail franchise in June 2017. Stagecoach has operated the network under…


Equator takes control of 999 Design Group

Glasgow-based digital marketing agency Equator has acquired a controlling interest in Glasgow and London brand agency 999 Design Group as part of a “major growth strategy.” 999…


Graham’s Dairy in exclusive Starbucks deal

Bridge of Allan-based Graham’s The Family Dairy has signed a deal to exclusively supply milk and whipping cream to all of Starbucks’ 68 stores in Scotland. “Starbucks share our…





Rural land prices fall in Scotland

Scottish rural land prices fell in the second half of 2015 as low prices for crops and commodities took their toll, according a survey by the Royal Institution…