September 2017









Havelock CEO Ritchie departs amid losses

Kirkcaldy-based shopfitter and interiors firm Havelock Europa said CEO David Ritchie resigned with immediate effect “to pursue other business interests” as it announced it made…




Funding for new exploration in North Sea

New exploration in the North Sea will be supported by a £5 million UK government fund for 2018-19, Chancellor Philip Hammond announced during a visit…


ESM £25m fund seeks Scots tech ventures

ESM Investments is to launch a specialist £25 million fund in 2018 to fuel further growth in Scots-based technology. The company aims to attract high…










Edin University Press revenue +12% to £3.22m

The University of Edinburgh’s publishing subsidiary reported a record year of sales in its latest financial results. The growth at Edinburgh University Press was driven…



Arnold Clark turnover up 9.2% to record £3.66bn

Glasgow-based Arnold Clark Automobiles, Scotland’s biggest privately-owned company, said its 2016 turnover rose 9.2% to a record £3.66 billion and operating profit rose £14.1 million to…


KPMG cleared over HBOS audit before collapse

The UK’s Financial Reporting Council (FRC) — which regulates auditors, accountants and actuaries — announced the closure of its investigation into the conduct of KPMG’s audit…




Macfarlane to buy Greenwoods for up to £16.75m

Glasgow-based packaging firm Macfarlane Group said it conditionally agreed to acquire the packaging business and selected assets of Nottingham-based Greenwoods Stock Boxes Limited and 100% of its…



UK asset management up 20% to £6.9 trillion

The UK Investment Association’s first annual asset management survey following the UK’s decision to leave the EU reveals assets under management in the UK increased…



FCA rejects call to publish full RBS report

The UK’s Financial Conduct Authority (FCA) has rejected calls to publish a report into allegations that Royal Bank of Scotland’s Global Restructuring Group (GRG) bankrupted…







Scots oil and gas sales up 15.2% to £17.5bn

The approximate sales value of oil and gas produced in Scotland for the financial year 2016-17 rose 15.2% to £17.5 billion, according to new figures from Scotland’s…



CMA approves Wood Group-Amec Foster deal

The UK’s Competition and Markets Authority (CMA) said it has accepted proposals to resolve competition concerns regarding the £2.2 billion purchase of Amec Foster Wheeler by Aberdeen-based…


Scots farm debt hits record £2.32bn

New statistics from Scotland’s Chief Statistician show the total outstanding bank debt of Scottish farms increased 5% over the past year to £2.32 billion — the highest since records…


Scots private sector output continues to grow

August’s purchasing managers’ index (PMI) survey from Bank of Scotland indicated a moderate increase in Scottish private sector output. Growth softened following the 33-month high recorded…



Scots housebuilder Springfield plans IPO

Scottish housebuilder Springfield Properties announced its intention to seek admission of its ordinary shares to trading on London’s secondary AIM market. Elgin-based Springfield hopes to raise up…


Scots job market improved sharply in August

The latest IHS Markit report on jobs data for Scotland signalled a further improvement in labour market conditions in August. Recruitment consultancies reported sharp increases…



FanDuel, DraftKings to pay $2.6m to resolve probe

Massachusetts Attorney General Maura Healey said Edinburgh-headquartered FanDuel and Boston-based DraftKings, the two largest daily fantasy sports sites, will pay a total of $2.6 million after…


ICAS chief Colella to be Moore Stephens CEO

Anton Colella, CEO of the chartered accountants’ professional body ICAS, is to leave the organisation to take up a new role as global CEO of international accountancy network…




£60m fund for new tech, low carbon innovation

The Scottish Government said £60 million will be made available to accelerate innovation in new technologies, including low carbon and digital projects by 2020. The Innovation…