2016

Scots output lags UK, grows only 0.1%

Scotland’s economy continued to expand in the third quarter of last year — just — but lagged behind the growth rate of the UK, according to…


RBS ‘sell everything’ expert faces bet challenge

Outspoken Australian economist Stephen Koukoulas — known as The Kouk — has challenged Royal Bank of Scotland (RBS) markets expert Andrew Roberts to a bet of A$10,000 to prove Roberts was wrong when…


Menzies chief resigns; two MDs appointed

Edinburgh-based aviation logistics and news distribution company John Menzies said on Wednesday its chief executive Jeremy Stafford had resigned for personal reasons after 15 months in the job. Menzies…


Stan Life ‘increasingly negative’ on China

Edinburgh-based global fund manager Standard Life Investments said its longer-term outlook on China “has become increasingly negative” and that it fears China might not carry out corporate…



Hamburg hedge fund Aquila buys Scots forests

Hamburg-based hedge fund Aquila Capital has bought 3,100 hectares of forest — about 12 square miles — in three locations in Scotland for its institutional investors….




New investment values Skyscanner at $1.6bn

Edinburgh-based travel search firm Skyscanner has announced five new partners who will invest £128 million ($192 million) between them for an undisclosed share in the company….


Busiest year ever for Edinburgh Airport

A 19% year-on-year rise in international passengers in December helped Edinburgh Airport enjoy its busiest year ever in 2015 with more than 11 million passengers. Edinburgh Airport…





Aberdeen buys Liverpool’s Albert Dock for £43m

Aberdeen Asset Management has bought Liverpool’s Albert Dock development ‎– a UNESCO world heritage site that is home to the Tate Liverpool and The Beatles Story — on behalf of…


Stan Life opposes Shell’s $50bn bid for BG

Edinburgh-based Standard Life Investments, a major shareholder in Royal Dutch Shell, said on Friday it would vote against Shell’s $50 billion bid to buy BG Group. David…


‘£700m storm damage to Scots economy’

The storms of December and January have already caused up to £700 million of damage to the Scottish economy, according to insurance experts at consultants PwC….


Wood Group wins Brazil contract

Aberdeen-based energy services giant Wood Group has won a new contract with PetroRio to deliver services to the Polvo A platform in the southern Campos basin, about 100…



Glasgow Uni commissions £40m research hub

The University of Glasgow has commissioned international architecture and design firm HOK and engineering consultants WSP Parsons Brinckerhoff to develop a new £40 million research hub dedicated to…


China rout drags down global stocks

Stock markets fell around the world on Monday following a rout in Chinese shares after weak manufacturing data in the world’s second-largest economy sparked fears of…


No Glasgow-Carlisle trains until February

Virgin Trains said its service between Glasgow and Carlisle has been suspended due to viaduct damage caused by Storm Frank and will not reopen until February…




£3bn Scots housing plan on target

The Scottish Government said around £690 million will be invested in housing in 2016-17 as part of a £3 billion plan to deliver 50,000 affordable homes…