Premier finds ‘significant’ oil in Outer Moray Firth
Shares of North Sea producer Premier Oil jumped 5% after it said it made a “significant” oil find in the Outer Moray Firth. Premier said the…
August 2016
RBS loss £2bn amid legacy, litigation ‘plague’
Royal Bank of Scotland reported an attributable loss of £2.04 billion for the first half of 2016 — compared to a £179 million loss for the same…
UK central bank cuts rates, ups bond buying
The Bank of England — the UK’s central bank — said it cut interest rates from 0.5% to a record low of 0.25% and introduced…
BrewDog launches $50m US crowdfunding
Fast growing Aberdeenshire craft beer company BrewDog has announced a $50 million crowdfunding round in the United States, marking the fifth stage of its “Equity for Punks” investment programme….
FanDuel happy as NY legalizes fantasy sports
Fantasy sports operator FanDuel — based in Edinburgh and Manhattan — welcomed the news that Governor Andrew Cuomo has signed legislation to legalize interactive fantasy sports in New York…
Devro 6-month revenue flat at £113m
Shares of Glasgow-based sausage skin and collagen products company Devro fell 7% after it said revenue for the six months to June 30 was unchanged…
Edinburgh hotels at 93% occupancy, £125 a night
Edinburgh hotels enjoyed strong growth in occupancy and room price in June while Glasgow and Aberdeen had mixed fortunes, according to the latest monthly report from tourism…
Aggreko 6-month revenue falls 12% to £685m
Shares of Glasgow-based international mobile power firm Aggreko fell 13% after it said its pre-tax profit fell 31% to £71 million and revenue slid 12% to £685 million in…
Exports fall – but food, drink and clothing prosper
The volume of Scottish manufactured export sales fell by 0.5% over the first three months of 2016 as subdued global demand and the impact of lower…
Scotch whisky ‘faces new tariffs after Brexit’
The chief executive of the Scotch Whisky Association has warned that Scotch exports face increased tariffs in key markets like Korea, Colombia, Peru and South Africa following the UK’s…
Microsoft sells $19.75bn of debt
Microsoft has sold $19.75 billion of bonds in one of the biggest sales ever of company debt securities and said it may use some of the proceeds to…
Barr revenue down 2.9% to £125m
Cumbernauld-based soft drinks maker A.G. Barr said it anticipates revenue in the six months to July 30 will be £125 million, down 2.9% year on year, amid…
Private sector pension deficits at record £135bn
Deficits at the UK’s private sector defined benefit pension schemes have once again soared to record levels as prolonged ultra low interest rates take their…
Savills wins Glasgow University development deal
Real estate firm Savills said it has been appointed by the University of Glasgow as its strategic investment and development advisor on a new five year…