FanDuel stops taking bets in New York

Edinburgh-based fantasy sports operator FanDuel will stop taking bets in the state of New York as part of a settlement reached with the Attorney General Eric Schneiderman “on certain aspects…



Standard Life’s 1825 to buy Munro Partnership

Standard Life’s financial planning business 1825 said on Monday it agreed to acquire financial advisory firm Munro Partnership Limited, which has offices in Ayr, Hamilton and Glasgow and has…


New £17m ‘urban quarter’ plan for Falkirk

Falkirk Council has unveiled plans to create a new, environmentally friendly urban quarter at the eastern entrance to Falkirk under its multi-million pound Tax Incremental Finance…



Extra £1m for Gaelic broadcaster MG ALBA

The Scottish Government has announced that Gaelic broadcaster MG ALBA will receive an additional £1 million of investment this year. Minister for Scotland’s Languages Alasdair…



Ex-RBS chief to lead business rates review

First Minister Nicola Sturgeon announced that former chair of RBS Scotland, Ken Barclay, will lead the Scottish Government’s review of business rates. Sturgeon also committed to retaining…



£70m funding for West Calder Wind Farm

The Harburnhead wind farm development south of West Calder has secured £70 million of funding from Barclays and Bank of Tokyo-Mitsubishi UFJ to deliver the final…


V&A’s extra £5m extends community reach

The UK Government’s extra £5 million of funding for the new V&A Dundee will contribute towards the capital costs of the museum’s building and for programmes that extend the reach…


Scottish FE lecturers go on strike

Further education lecturers at colleges across Scotland went on strike on Thursday as a campaign by union EIS “for fair pay and pay equality” in Scotland’s colleges escalated….


Menzies appoints dealmaker Baines to board

Edinburgh-based airport logistics and news distribution company John Menzies — under shareholder pressure to split into two companies — has appointed corporate dealmaker Paul Baines as a non-executive director….


Oil and whisky welcome budget tax breaks

Oil & Gas UK and the Scotch Whisky Association, representing two of Scotland’s most important industries, both welcomed moves on taxation by UK finance minister George…





Scottish unemployment rises to 6.1%

Scotland’s unemployment rate rose by 0.5% to 6.1% — up by 16,000 to 171,000 — in the three months to January 31, according to the Office for National…



Standard Life’s 1825 to buy Almary Green

Standard Life’s financial planning business 1825 said on Tuesday it agreed to acquire Norwich-based independent financial advisers Almary Green, which has assets under advice of around £400 million….


2016 infrastructure projects total £6bn

Infrastructure projects worth almost £6 billion will be under construction throughout Scotland during 2016, and more Scottish employers than before are winning public contracts, the Scottish Government said. Holyrood is…





Miller Homes revenue £500m; profit up 91%

Edinburgh-based Miller Homes said its 2015 revenue rose 29% to £500 million and profit before tax soared 91% to £62 million as low interest rates, improving mortgage availability…


JB Equity backs new animal science company

A new company has been created to maximise the commercial impact of the University of Edinburgh’s pioneering animal science research. The company, Roslin Technologies Ltd, has been…



SSE sells Clyde Wind Farm stake for £355m

Perth-based energy giant SSE said on Monday it agreed to sell 49.9% of its current Clyde Wind Farm in South Lanarkshire to pension fund investors Greencoat UK Wind (UKW)…



Export growth at centre of new trade strategy

The Scottish Government and the country’s enterprise agencies have announced a new “Global Scotland Trade and Investment Strategy 2016-2021” that will focus on “new regional export…


Foreign flights help Scots airports hit record

Edinburgh and Glasgow airports both reported their busiest February on record as international flight traffic in and out of Scotland’s central belt continues to rise. Edinburgh Airport said 770,265…



Nimmo promoted to UK role at KPMG

Prominent Scottish business advisor Blair Nimmo has been promoted to UK Head of Restructuring at KPMG following the departure of Mark Firmin. Nimmo was previously head of…



Holyrood summit to save dairy industry

Rural Affairs Secretary Richard Lochhead will chair a Holyrood summit of leading figures on Tuesday to address the challenges facing Scotland’s dairy industry. Representatives from the Scottish Government,…



Cairn shares up 9% after Senegal well test

Shares of Edinburgh-based oil and gas company Cairn Energy rose at least 9% on Wednesday after it announced the successful testing of its SNE-3 appraisal well offshore Senegal. …





Jann Brown takes on senior role at Wood Group

Aberdeen-based energy services giant Wood Group said Jann Brown — former chief financial officer of Cairn Energy and president of the Institute of Chartered Accountants of Scotland…



Menzies profit falls in turbulent year

Edinburgh-based aviation logistics and news distribution company John Menzies said on Tuesday its reported pre-tax profit fell to £18.2 million in 2015 from £25.7 million the year before amid a turbulent…



Thurso new chair of VisitScotland

John Thurso, former Liberal Democrat Westminster MP for Caithness, Sutherland and Easter Ross, has been appointed the new chair of VisitScotland. VisitScotland has a budget of around…



New £100m storm tunnel making progress

The £100 million Shieldhall Tunnel between Queen’s Park and Govan — the biggest investment in waste water infrastructure in Glasgow for more than a century…


£200m Glasgow Subway contracts awarded

Strathclyde Partnership for Transport (SPT) on Friday awarded £200 million of contracts to the Swiss-Italian consortium of Stadler Bussnang AG and Ansaldo STS Consortium for the supply…


Alliance Trust to address gender diversity

New Alliance Trust chairman Robert Smith on Friday vowed to address the lack of gender diversity on the Dundee-based investment firm’s plc board as he delivered his first…


UK starts sale of Green Investment Bank

The UK Government has started the process to sell off its Edinburgh-based Green Investment Bank (GIB), with analysts predicting it could eventually fetch a total price tag of…


Aggreko profit falls amid commodities slump

Glasgow-based mobile power provider Aggreko said its 2015 revenue fell 3% to £1.56 billion and pre-tax profit fell 13% to £252 million as low commodity prices affected…





Virgin Money profit jumps 53% to £160.3m

Edinburgh-based Virgin Money said on Wednesday it delivered a strong performance in its first full financial year since listing, with underlying profit before tax increasing by 53%…


Tourism industry calls for cut in VAT

The four tourism ministers for the UK, Scotland, Wales and Northern Ireland have joined forces to ask the UK Treasury to consider a reduction of VAT for businesses…


£20m PhD funding for seven Scots universities

Seven Scottish universities are to benefit from £20.2 million of UK Government funding which will give more students the opportunity to study for a PhD and give research projects…



Alexander joins Pinsent Masons as adviser

Former UK Government minister Douglas Alexander has joined international law firm Pinsent Masons as a strategic adviser. Alexander lost his Westminster seat in Paisley and Renfrewshire…