2017






Plexus sells Jack-Up business for up to £42.5m

Aberdeen-based oil and gas engineering services company Plexus Holdings announced the sale of its wellhead exploration equipment and services business for Jack-Up applications to FMC…


Standard Life’s 1825 acquires Fraser Heath

Standard Life’s financial planning business 1825 said it agreed to acquire Bristol-based Fraser Heath Financial Management, which has assets under advice of £352 million. After…






Virgin Money mortgage balances hit £33bn

Shares of Newcastle and Edinburgh-based challenger bank Virgin Money rose about 5% after it gave investors a positive trading update and outlook for rest of…


Omega Diagnostics shares rise on US supply deal

Shares of Alva-based Omega Diagnostics Group rose about 6% after it said it signed a supply agreement with an unnamed US-based company offering laboratory testing services “specialising…


Elgin’s Springfield debuts on market at £87m

Elgin-based housebuilder Springfield Properties said its shares started trading on London’s secondary AIM market. Springfield said its IPO raised £25 million before costs and expenses…



DC Thomson takes investment research firm stake

Dundee-based media and publishing giant DC Thomson said it will partner with Edinburgh-based Electronic Research Interchange (ERIC) “to develop its bespoke investment research offering for…


Hermes, BAM develop huge Edinburgh office block

BAM Properties and Hermes Investment Management announced they will develop what is currently Edinburgh’s largest speculative office development. Capital Square, designed by architects Hurd Rolland,…


Scotland to host Arctic Circle Forum

First Minister Nicola Sturgeon has revealed she will host Scotland’s first-ever Arctic Circle Forum in Edinburgh in November. She made the announcement in Reykjavik, Iceland, at the…





Goals Soccer Centres CEO Jones to leave

East Kilbride-based Goals Soccer Centres said its CEO Mark Jones “notified the board of his intention to resign from the board and the company as he has…



Wood wins multi-million dollar Total contract

Aberdeen-based energy and engineering services giant Wood Group said it was awarded a new multi-million dollar contract by Total to support its Lindsey Oil Refinery located…



Sturgeon promises state-owned energy firm

First Minister Nicola Sturgeon told the SNP conference that Scotland will set up a publicly-owned, not-for-profit energy company by 2021 to increase competition and choice…




Liberty buys Livingston’s Shand Cycles UK

Sanjeev Gupta’s metals and industrials business Liberty House Group said it took another step towards its ambition of rejuvenating bicycle manufacturing in the UK by…




Wood Group completes £2.2bn deal for Amec

Aberdeen-based oil and gas services company Wood Group said it completed the roughly £2.2 billion acquisition of rival firm Amec Foster Wheeler to create one of the…




Shortbread crisis as butter prices double

Scottish shortbread makers, confectioners and bakeries are suffering because the price of wholesale butter has doubled since the start of the year — with wholesale…




Tesco Bank customer deposits up to £8.9bn

Edinburgh-based Tesco Bank said its profit before tax rose 143.9% to £112.2 million in the six months ended August 31, “reflecting the impact of payment protection…





Paterson is new Macfarlane chairman

Glasgow-based packaging firm Macfarlane Group said it appointed Stuart Paterson as its new chairman effective September 29, 2017. Paterson, who succeeds Graeme Bissett, is scheduled to…











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…