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…





Clydesdale IPO delayed amid rating drama

National Australia Bank (NAB) said the IPO of its Clydesdale and Yorkshire Bank (CYBG) — which had been planned to go ahead Tuesday — has been delayed…



Scottish Friendly in record sales of £25.5m

Glasgow-based Scottish Friendly, Scotland’s largest financial mutual, said it achieved record-breaking sales in 2015 of £25.5 million compared to £21.6 million in 2014. The 18% increase was driven by sales…


Bowleven scraps Tanzania gas deals

Edinburgh-based Bowleven, the Africa focused oil and gas exploration firm, said it will not pursue the proposed acquisition of stakes in gas projects in Tanzania from Aminex. Bowleven…



RBS shortlist to appear on new £10 note

Royal Bank of Scotland said that physicist James Clerk Maxwell, scientist Mary Somerville and civil engineer Thomas Telford have been shortlisted to appear on its new polymer…


Richards to leave Aberdeen to be M&G CEO

Aberdeen Asset Management said its chief investment officer Anne Richards (pictured) will leave the company later this year to become chief executive of M&G Investments, the UK and…



BrewDog says bigger firms want to buy it

Ellon, Aberdeenshire-based craft beer company BrewDog has said bigger companies are interested in buying the Scottish firm but that BrewDog “is not for sale.” BrewDog co-founder James…


£257m revenue at Irn Bru maker Barr

Shares of Cumbernauld-based soft drinks maker A.G. Barr rose about 2% after it said its performance improved in the second half of the year and that revenue…


Half a million passengers for Borders Railway

More than half a million passengers have used the new Borders Railway between Edinburgh and Tweedbank near Melrose in its first four-and-a-half months of service, the Scottish Government…


FirstGroup falls 9% as revenue, profits slip

Shares in Aberdeen-based bus and rail giant FirstGroup fell more than 9% after it said revenues in its third quarter fell by 9.5% due in part to UK flooding and a…


Osborne confirms delay of Lloyds share sale

UK finance minister George Osborne confirmed on Thursday the UK government will delay the sale of its remaining stake in Lloyds Banking Group, owner of Halifax, Bank…