Restrictions lifted on flows to N Sea Forties Pipeline
Grangemouth refinery operator Ineos said all restrictions on the flow of oil and gas from platforms feeding into its crucial North Sea Forties Pipeline System…
Grangemouth refinery operator Ineos said all restrictions on the flow of oil and gas from platforms feeding into its crucial North Sea Forties Pipeline System…
Shareholder groups ShareSoc and the UK Shareholders’ Association (UKSA) have launched a second attempt to force taxpayer-owned Royal Bank of Scotland to create a shareholder committee…
3i Infrastructure plc said it agreed to increase its investment in Bellshill-based Wireless Infrastructure Group (WIG) and to acquire the stake owned by Barings LLC’s…
Archangels, the Edinburgh-based business angel investment syndicate, has celebrated its 25th anniversary in 2017 by leading a record level of investment in Scottish early stage…
Edinburgh-based think tank Reform Scotland has released a briefing paper which says constant discussion about nationalising ScotRail “is a meaningless distraction.” The report called “On The Right…
Grangemouth refinery operator Ineos said it has partially re-started its Kinneil facility following the dramatic shut down of its crucial North Sea Forties Pipeline and the Kinneil…
Shares of North Sea producer Premier Oil jumped 5% after it said it achieved first oil from the Catcher field, 174 km off the coast of Aberdeen….
Grangemouth refinery operator Ineos said on Christmas Day that it expects to bring its crucial North Sea Forties Pipeline and its Kinneil facility “progressively back to…
Swedish space tech company ÅAC Microtec AB announced a share sale and purchase agreement to acquire 100% of the shares in Glasgow-based small satellite maker…
California Attorney General Xavier Becerra announced a $125 million settlement with the Royal Bank of Scotland (RBS) over misrepresentations about residential mortgage-backed securities sold to California’s…
Grangemouth refinery operator Ineos said it expects to complete the repair of its crucial North Sea Forties Pipeline “around Christmas” and “bring the pipeline progressively back…
The Royal Bank of Scotland Group plc announced Sandy Crombie will step down as a non-executive director of RBS and as Senior Independent Director and…
The Scottish Government said Scotland is on track for a record year of renewable electricity generation, with output in the first three quarters of 2017…
Scottish businesses are preparing for their fastest period of growth in nearly four years, according to the latest Royal Bank of Scotland Business Monitor. The…
Bruce Cartwright, former PwC partner and head of corporate restructuring, Scotland, has been appointed as the new chief executive of Edinburgh-based ICAS, the global professional…
Spending on business research and development in Scotland exceeded £1 billion in 2016 for the first time ever, according to data published by Scotland’s Chief…
Merger and acquisition (M&A) activity on the UK Continental Shelf (UKCS) has exceeded $8 billion this year “in a clear sign that confidence is gradually…
Elgin-based housebuilder Springfield Properties said in a trading update it continued to make advances with the development of new villages it is building in the…
Passenger numbers and revenue increased over the past year at ferry operator David MacBrayne Ltd (DML), according to the company’s annual report and accounts. DML…
Leith-based Forth Ports said its Port of Tilbury business, London’s major port, submitted an application for a development consent order (DCO) to the UK Planning Inspectorate…
Edinburgh-based property firm Lomond Capital announced its second acquisition in two weeks as it continues to expand in the UK Private Rental Sector (PRS). The acquisition…
Babcock subsidiary Cavendish Nuclear and its supplier Jordan Manufacturing have been awarded a 10-year contract worth up to £95 million to supply Sellafield Ltd with…
Standard Life Aberdeen said assets under management at its fund management business Aberdeen Standard Investments fell £10.9 billion to £569.7 billion in the nine months to…
The Fraser of Allander Institute (FAI) said that for many “the big story” of Thursday’s Budget won’t be the tax and spending announcements of the Scottish…
Ineos has declared force majeure on all shipments of crude oil, natural gas and condensates through its North Sea Forties Pipeline System that has shut…
Finance Secretary Derek Mackay has published proposals to reform income tax in Scotland, with plans to introduce a new 19% starter rate of tax, a 21%…
The Scottish Government said every home and business in Scotland will have access to superfast broadband by 2021 as a result of a £600 million…
Trade body Oil & Gas UK said the shutdown by Ineos of its North Sea Forties Pipeline System has caused “significant issues” for the industry and that…
Unemployment in Scotland edged 0.3% higher to 4.1% in the three months to October while the UK rate fell 0.1% to 4.3%, according to the Office for…
Shares of Aberdeen-based oil and engineering giant Wood plc — which recently completed the £2.2 billion acquisition of rival firm Amec Foster Wheeler (AFW) — fell 7%…
The Scottish Government’s chief economist Gary Gillespie has published an updated assessment, helped by advice from the Council of Economic Advisers, on the potential impact…
A report by the UK’s National Audit Office (NAO) on the Edinburgh-based Green Investment Bank (GIB) said the UK government department involved with the bank…
The average selling price of two bedroom flats in Edinburgh’s New Town and West End has soared 26.9% over the last three months, according to…
The Scottish Government said more than 70,000 affordable homes have been delivered since 2007 — a total of 48,813 homes for social rent, including 8,819…
There were 19,598 new build homes started across all sectors in Scotland over the year ending June 2017, an increase of 13%, or 2,188 homes,…
The Scottish Government’s budget planning “remains remarkably short-sighted,” according to the latest Economic Commentary from the Fraser of Allander Institute (FAI). David Eiser, Head of Fiscal Analysis…
Glasgow-based private equity firm Maven Capital Partners announced its exit from promotional merchandise company SPS (EU) Holdings while “delivering a 3x return on funds invested…
UPDATE 2 — Oil and gas prices soared after Ineos said on Monday it will shut down its Forties Pipeline System, which delivers almost 40% of the…
Glasgow-based sausage skin and collagen products firm Devro plc said that after 10 years with the firm, Peter Page “has agreed with the board that he will step…
The new £65 million National Manufacturing Institute for Scotland (NMIS) is to be created at Inchinnan in Renfrewshire, next to Glasgow International Airport. Strathclyde University…
About 58% of business owners don’t want the Scottish Government to change income tax rates, while 65% believe an increase would be detrimental to the…
Royal Bank of Scotland CEO Ross McEwan said in a Bloomberg TV interview that RBS’s chances of reaching a settlement this year with the US…
The UK’s financial watchdog has rebutted reports that it avoided publishing a confidential report into Royal Bank of Scotland’s treatment of struggling businesses due to the…
Scotland’s Chief Statistician has published the Estimate of Community Owned Land in Scotland 2017 showing there were 562,230 acres in community ownership as of June…
The Auditor General for Scotland, Caroline Gardner, said in a new report the Scottish Government needs to increase the transparency of its financial reporting on…
Bitcoin has been compared to Dante’s Inferno by RBS chairman Howard Davies as the digital currency surges towards $16,000. On Bloomberg TV, Davies called Bitcoin…
Scottish asset management giant Aberdeen Standard Investments announced that its wholly foreign-owned enterprise (WFOE), Aberdeen Asset Management (Shanghai), secured registration as a private securities investment fund manager…
Bridge of Allan-based Graham’s The Family Dairy said its turnover rose 20% to £100.5 million in the year to March, 2017. Graham’s said it has an exciting…
Scotland’s three-time Grand Slam tennis champion Andy Murray has once again invested in early-stage UK businesses as part of his relationship with crowdfunding platform Seedrs. Murray,…
Shares of Perth-based train and bus giant Stagecoach rose 5% after it said its 2018 earnings forecast was unchanged despite first-half revenue falling 10% to £1.8 billion…
Aberdeen-based engineering giant Wood Group said it won a multi-million dollar contract supporting drug major GlaxoSmithKline in Germany. Wood will provide GSK Vaccines GmbH (GSK),…
Aberdeen City Council said it has been recognised for “a strong institutional framework” and “strong track record of operating performance” by credit rating agency Moody’s,…
Simec Energy, part of Sanjeev Gupta’s global GFG Alliance, said it took a step towards “becoming the UK’s largest provider of renewable energy” by agreeing to…
Shares of Glasgow-based cloud computing firm iomart rose about 3% after it said its revenue rose 12% to £47 million and adjusted profit before tax…
The UK’s Business, Energy and Industrial Strategy (BEIS) Committee has written to the Competition and Markets Authority (CMA) calling for an investigation into the proposed merger between the…
Stagecoach chairman Brian Souter has criticised the UK pension fund industry for its “lack of faith” in companies and young entrepreneurs and for investing too much of its £2…
Milwaukee-based Rockwell Automation, Inc. has acquired Craigmillar, Edinburgh-based Odos Imaging, a technology company that provides three-dimensional, time-of-flight sensing systems for industrial imaging applications. “We are…
RBS said it will close roughly a quarter of its branches — 62 Royal Bank of Scotland branches and 197 NatWest branches — and cut…
Trade group Scottish Engineering said in its latest Quarterly Review that Scotland’s engineering sector continues to report increased orders and output despite the political uncertainty…
Aberdeen & Grampian Chamber of Commerce said contractor confidence in the North Sea and UK Continental Shelf (UKCS) has risen — with almost half being…
The University of Edinburgh said an anonymous donor has pledged £10 million to help transform the city’s former Royal Infirmary into a state-of-the-art home for…
Royal Bank of Scotland has closed the “bad bank” it set up to sell unwanted assets nearly 10 years after RBS was rescued in a…
BBC MasterChef: The Professionals 2016 winner Gary Maclean — a Senior Chef Lecturer at the City of Glasgow College — has been appointed as Scotland’s…
Shares of Perth-based train and bus giant Stagecoach rose 13% after the UK’s Department for Transport (DfT) announced a number of changes to franchises currently operated…
Forth Ports said it will invest in a new, purpose built, Training Academy at the Port of Grangemouth, Scotland’s biggest port. “This is a key…
The Co-op and Costcutter Supermarkets Group (CSG) confirmed an agreement that will see The Co-op become exclusive wholesale supplier to CSG and the 2,200 Costcutter, Mace, Simply…
Scottish councils are showing increasing signs of financial stress and face even tougher challenges ahead, according to the Accounts Commission. In its annual financial overview…
Edinburgh-based Apex Hotels Limited reported another consecutive year of growth in the 12 months to April 30 with a 6% rise in turnover from £61.3 million to…
Aberdeen-based mechanical engineering group EnerMech said its 2016 revenues rose by almost £10 million to £263.7 million on the previous year — and forecast that 2017…
Scotland’s smaller businesses turn over almost £300 million per day, according to figures uncovered by the Federation of Small Businesses (FSB). The FSB is urging…