£1.2m investment for Livingston’s Optoscribe

Livingston-based photonic technology company Optoscribe — founded in 2010 as a spin out business from Heriot-Watt University — has received £1.2 million in investment. The fundraising was led by…



Glasgow subway to close for four weeks in July

Strathclyde Partnership for Transport (SPT) said the latest stage of its Glasgow subway modernisation programme will require the suspension of subway services for four weeks from Saturday July…



ICAS membership exceeds 21,000

Membership of the Chartered Accountants’ professional body ICAS has reached a new record of more than 21,000. ICAS has seen a 50% growth in members over the last…



Turner on new Bank of England £20 note

Bank of England governor Mark Carney announced that artist J.M.W. Turner and his painting The Fighting Temeraire will appear on the next £20 banknote due to…


Edinburgh rents up 6.6% to £972 average

Average rents in Scotland’s private rented sector recorded a 2.1% year-on-year growth in the first quarter of 2016 to £767 per month, according to the latest Citylets quarterly…





Scotmid profit up to £5.7m on turnover of £371m

Scotmid said its trading profit for the year ended January 30, 2016, rose £200,00 to £5.7 million as its turnover fell £12 million to £371 million. Scotmid chief executive John Brodie said…


Wood wins $150m North Sea contract extension

Aberdeen-based energy services giant Wood  Group has won a five year $150 million contract extension from Nexen — extending a deal that has been in place since April…





MPs slam ScottishPower for £75m ‘mis-selling’

An All-Party Parliamentary Group (APPG) of MPs alleged on Wednesday that ScottishPower sustained and sought to cover up a “cashback mis-selling” scandal that cost 625,000 consumers across the UK more than £75 million….



Aggreko wins Zimbabwe contract

Glasgow-based mobile power provider Aggreko said its Power Solutions business has signed a 3 year contract to provide 200 megawatts of diesel-fuelled power in Zimbabwe.  Aggreko’s customer is Sakunda…


Farm rents ‘up 3% in last year’

The average cost of renting agricultural land has risen 3% since last year, according to the Scottish Government. Scotland’s chief statistician has released the latest figures on Tenanted…


Craft breweries sign deal with Asda

Thirteen Scottish craft breweries have signed a deal to supply beers and ciders to Asda stores in Scotland. Asda has teamed up with the Craft…


Energy Assets agrees to be bought for £198m

Livingston-based gas metering company Energy Assets Group said on Monday it agreed to be acquired by funds controlled by US infrastructure asset manager Alinda Capital Partners for about £198 million. Alinda…


Change of chief financial officer at Menzies

Edinburgh-based airport logistics and news distribution company John Menzies — under shareholder pressure to split into two companies — said on Monday that chief financial officer Paula Bell will…


Dingwall bid for community-owned distillery

A bid to create Scotland’s first community-owned craft whisky distillery has been launched in the Highland town of Dingwall. The Glenwyvis Distillery Community Benefit Society has…


Aberdeen hires Jennings for digital division

Aberdeen Asset Management has appointed Martin Jennings to the newly created role of Head of Aberdeen Digital, a distinct division within the firm. Jennings will be responsible…



£12k payments end museums pay dispute

National Museums Scotland said it reached an agreement with the PCS Union that will bring to an end the three-year long industrial dispute over payment of weekend allowances. “Funding…




Carillion CEO takes on safety role at Wood Group

Aberdeen-based energy services giant Wood Group said Richard Howson, chief executive of construction company Carillion, will join Wood Group as a non-executive director on May 12, 2016….







Standard Life ‘wants to buy Axa’s Elevate’

Standard Life wants to buy Elevate, Axa’s platform for helping independent financial advisers manage clients’ investments, according to Bloomberg News. Axa, France’s largest insurer, is…








FCA bans former RBS Libor submitter

The Financial Conduct Authority (FCA) has censured former Royal Bank of Scotland Libor submitter Paul White and banned him from performing any function in relation to…




Tesco plans to sell Dobbies – report

Tesco is drawing up plans to sell loss-making businesses including Midlothian-based Dobbies Garden Centres in order to focus on core operations, according to Sky News. Sky News said…


International passengers up 37.6% at Edinburgh

A 37.6% increase in international passenger numbers helped Edinburgh Airport have its busiest March ever. International passenger soared from 358,450 in March last year to 493,200 last…


Stagecoach orders £97m of new buses

Perth-based transport giant Stagecoach Group on Monday announced new vehicle orders worth £97 million. A new fleet of 480 vehicles, many equipped with free wifi, will…



Rothesay buys £6bn Scottish Equitable annuities

Goldman Sachs-backed pension buyout specialist Rothesay Life has agreed to buy £6 billion of annuities from Scottish Equitable plc, the UK subsidiary of Dutch insurance and investment giant Aegon…


Petra Wetzel launches female entrepreneur fund

Glasgow-based brewery and restaurant entrepreneur Petra Wetzel has launched an investment fund called West Women to provide seed capital and financial assistance to emerging female…



Össur of Iceland buys Livingston’s Touch Bionics

Livingston-based prosthetic technologies firm Touch Bionics has been bought for £27.5 million by Icelandic company Össur. Touch Bionics has more than 120 employees at its operations in Scotland,…






Wood Group buys Houston-based Ingenious

Aberdeen-based oil and gas services giant Wood Group has made its second acquisition this week by buying Houston, Texas-based Ingenious Inc., a supplier of software…


Glasgow University links up with Smithsonian

The University of Glasgow has signed a Memorandum of Understanding (MOU) with the Smithsonian Institution in Washington DC to formalise a relationship that goes back more than…