£50m fund to speed up home building
The Scottish Government has unveiled a package of measures including a new £50 million infrastructure fund to help speed up construction of thousands of homes. A flexible grant…
The Scottish Government has unveiled a package of measures including a new £50 million infrastructure fund to help speed up construction of thousands of homes. A flexible grant…
ScottishPower said it would be possible to double the capacity of its Cruachan Pumped Storage hydro plant near Oban — with investment of £300 million to £400 million —…
The UK’s Institute of Directors (IoD) has called for a new target for households and business to have access to speeds of 10 gigabits per second (Gbps) by…
World number two tennis player Andy Murray has made his first 2016 investments in start-up businesses on the crowdfunding platform Seedrs. Murray identified the five…
Scotland’s First Minister Nicola Sturgeon will say in a keynote speech on Monday that she wants the EU referendum vote to result in an overwhelming victory, across all parts…
Greenock-based packaging firm British Polythene Industries (BPI) said its operating profit rose 7% to £28.6 million in 2015 helped by the return to profit of its North American operations. BPI…
The Scottish Government said new management measures for Scotland’s commercial crab and lobster stocks will be the focus of a new consultation just launched. The consultation proposals…
The Scottish Government said on Friday it will invest up to £63.8 million in Dundee’s Waterfront development as part of a package agreed by Deputy…
Two in five small Scottish companies have not decided how they will vote in the referendum on the UK’s membership of the EU, according to a…
Royal Bank of Scotland on Friday reported a 2015 loss of £1.98 billion, compared with a loss of £3.47 billion in 2014, as litigation and restructuring costs continued to…
Glasgow City Council said a proposed new £2.7 billion partnership for 30 years between the local authority and Wheatley Group, the country’s biggest social landlord, would…
The City of Edinburgh Council has made “considerable progress” towards balancing its books, according to the Accounts Commission. The local authority watchdog raised significant concerns in…
Glasgow-based packaging firm Macfarlane Group said its sales rose 10% in 2015 to £169.1 million and profit before tax soared 21% to £6.8 million as recent acquisitions and success…
Mel Young, founder of the Homeless World Cup and co-founder of The Big Issue in Scotland, has been promoted to be the new chair of sportscotland. Announcing…
Glasgow-based media company STV said 2015 revenue fell 3% to £116.5 million but pre-tax profit rose 10% to £19.1 million as an increase in “non-broadcast” earnings including…
Glasgow-based engineering firm Weir Group said its revenue fell 21% to £1.9 billion and profit before tax fell 46% to £220 million in the year…
Perth-based bus and rail giant Stagecoach said on Tuesday that Garry Watts intends to step down as the company’s deputy chairman and senior independent director on April…
Edinburgh-based Archangels, the business angel syndicate that specializes in early stage investing, said on Tuesday that total investment capital arranged by the syndicate since its inception…
Oil & Gas UK’s 2016 activity survey published on Tuesday said exploration remains at an all-time low “with no sign of improving” and that a collapse…
Aberdeen-based oil and gas services company Wood Group said on Tuesday it suffered a sharp decline in revenue and profit in 2015 as low oil prices and…
The Scottish Government said on Monday it made progress in talks with the Island Councils on proposals for a deal which aims to enhance local democracy…
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,…
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…
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…
Trade body ScotlandIS called on all political parties to focus on fostering growth in digital technologies as it launched its manifesto ahead of the Scottish…
The Forth Road Bridge is to fully reopen on Saturday at 11pm, the Scottish Government said. Transport minister Derek Mackay said repairs to the damaged main…
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…
Gerry Grimstone, chairman of Edinburgh-based investment, pensions and insurance giant Standard Life, said on Friday it would be “potentially damaging to the UK economy and therefore…
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…
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…
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…
The Organization for Economic Cooperation and Development (OECD) on Thursday called for world leaders to take urgent action to tackle slowing growth. The OECD said…
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…
Scotland and the north of England have signed an agreement to work closer together to improve cross-border transport connections and boost the economies of both…
A new poll of Scottish Chambers of Commerce members shows 68% of them would vote for the UK to remain a member of the EU “if the…
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 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…
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…
The Scottish Government has called for a decentralized BBC that transfers more decision-making on BBC Scotland north of the border and for the BBC “to deliver…
A new research and development (R&D) project aims to put Scotland at the forefront of the £7 billion global sensors and imaging systems market and deliver…
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….
Saudi Arabia, Russia, Qatar and Venezuela have agreed to freeze oil output at January levels as a first step in efforts to support oil prices that have fallen about 70%…
French energy giant EDF said it will extend the operational life of Torness nuclear plant in East Lothian, Scotland, by at least seven years to…
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…
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 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,…
Johnston Press, owner of The Scotsman and the Yorkshire Post, said it has conditionally agreed to acquire the business and certain assets of the cut-price i…
The notorious former ‘executive wing’ at Royal Bank of Scotland headquarters in Gogarburn, Edinburgh — seen as a symbol of excess before the financial crisis and bail…
Royal Bank of Scotland has appointed Peter Flavel as chief executive of private banking, responsible for Coutts & Co and Adam & Company. Flavel (pictured) joins…
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 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…
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…
Edinburgh and Glasgow airports have both reported huge increases in international passengers as the list of direct flights available from Scotland’s central belt continues to…
Royal London chief executive Phil Loney has warned UK finance minister George Osborne that it would be “reckless” to “take the huge gamble of introducing ISA style…
Johnston Press, owner of The Scotsman and Yorkshire Post, on Thursday confirmed speculation that it is in “late stage discussions” with Independent Print Ltd for the…
French energy firm Total and its partners will invest £690 million in operational expenditure west of Shetland over the next 10 years following the start-up of the…
The Royal Bank of Scotland announced that pioneering scientist Mary Somerville will appear on its new polymer £10 notes set to be issued in the…
The Harris Tweed Authority said it “has received the ultimate seal of approval” from Lord Lyon King of Arms, Dr. Joseph Morrow QC, who has…
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…
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…
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…
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…
French energy firm Total said it has started production from the Laggan-Tormore gas fields in the West of Shetland area. The fields are expected to supply up to…
The supply of collectable bottles of single malt Scotch to auctions in the UK reached an all-time high of 43,458 in 2015, up 27.83% on 2014, according…
Royal Bank of Scotland has called off the sale of its India banking business and will now consider options including the winding down of the business or…
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…
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…
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…
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…
Edinburgh Research and Innovation — the University of Ediburgh’s arm for commercializing research — had a record year in 2015 with its total number of spin-outs and…