Scots employment hits record high
Scotland’s employment rate increased by 1.1 percentage points to a record high of 75.2% over the April to June quarter — meaning 30,000 more people…
Scotland’s employment rate increased by 1.1 percentage points to a record high of 75.2% over the April to June quarter — meaning 30,000 more people…
Research into payment trends carried out for business technology firm First Data has revealed that half of Scottish customers would walk away from a purchase if…
Moray Council has granted planning permission for what will be Scotland’s largest solar farm. Councillors approved Elgin Energy’s development of the 47-hectare Speyslaw site near Urquhart,…
The union Unite said Royal Bank of Scotland has told staff that it will cut a further 40% of permanent staff from its London IT…
The UK’s Competition and Markets Authority (CMA) said on Tuesday it is “considering proposals” to overcome its competition concerns about Aberdeen-based oil and gas services giant…
Shares of Edinburgh-based aviation logistics and news distribution company John Menzies rose more than 3% on Tuesday morning after it said turnover increased 21% to £1.2 billion…
Scottish Widows — part of Lloyds Banking Group — is considering buying Zurich’s platform, according to a report in Money Marketing. A deal would see Zurich…
UPDATE 2 — Shares of Standard Life Aberdeen edged 2% higher at the market open on Monday — the first day of trading for the…
Glasgow-based media firm STV Group said that Simon Pitts will join STV as chief executive officer on January 3, 2018. Pitts will join STV from ITV…
Edinburgh-based John Menzies said on Monday it terminated the merger talks between its distribution business and courier firm DX Group. “Notwithstanding the strong strategic and commercial benefits…
Scottish salmon exports reached a record £346 million in the first half of 2017 — a 70% increase on the same period last year, according…
Scottish private sector output growth surged to a 33-month high in the third quarter of 2017, according to the latest Bank of Scotland PMI (purchasing managers’ index)…
Edinburgh-based upmarket home builder Cala Group has engaged investment bank Lazard to revive talks about a potential £700 million sale of the firm just months after a takeover…
Scotland two biggest airports had their business month ever in July with growth in international flights continuing to drive their expansion. Edinburgh Airport experienced the…
Prudential plc announced its intention to combine its asset manager M&G with insurance businesses Prudential UK & Europe (Prudential UK&E) to form M&G Prudential in…
Edinburgh-based pensions, investment and insurance firm Aegon UK said on Thursday its “platform” assets reached £107 billion and total assets under administration hit £151 billion…
Co-operative Bank said on Thursday its losses before tax narrowed to £135.2 million in the six months to June 30, 2017, from £177 million in…
Councillors in Edinburgh are set to consider further the feasibility of extending Edinburgh Trams from York Place to Newhaven via Leith Walk. A report will…
Johnston Press — the embattled owner of The Scotsman, the i newspaper and about 200 local newspapers and websites — jointly announced with Trinity Mirror an extension…
Edinburgh-based investment and insurance group Standard Life said its first-half operating profit before tax rose 6% to £362 million and assets under administration rose 1% to…
ScottishPower Renewables said it received planning approval from the UK’s Secretary of State for Business, Energy and Industrial Strategy (BEIS), Greg Clark MP, for the East…
By Mark McSherry UPDATE 2 — Netflix Inc. said it acquired Millarworld, the comic book publishing firm run by Scottish writer Mark Millar and his…
Scotland’s housebuilding sector is performing well — but may struggle to meet the Scottish Government’s ambitious target of achieving 50,000 affordable homes by 2021, according to…
Scottish independent craft brewer Innis & Gunn said its turnover rose 22% to more than £14.3 million in 2016. The Edinburgh-based brewer said it also…
UPDATE 1 — Shares of Royal Bank of Scotland rose on Friday after it posted an attributable profit of £939 million for the first half…
Swiss private bank Julius Baer said it is opening new offices in Glasgow, Manchester and Leeds and it has hired a number of experienced relationship…
New research by VisitScotland has revealed that walking tourism generates up to £1.26 billion for the Scottish economy. The research found that in 2015, four…
The UK government said it will work to reduce export tariffs on Scotch Whisky and other Scottish produce as the UK prepares to leave the…
Glasgow-based sausage skin and collagen products firm Devro said its revenue rose 11% to £125.2 million in the six months to June 30 but underlying profit before…
Private equity firm Bridgepoint confirmed it will buy Edinburgh-based Miller Homes in a transaction totalling £655 million from funds managed by GSO Capital Partners, a division of Blackstone….
The UK’s Competition and Markets Authority (CMA) said it has found that Wood Group’s purchase of Amec Foster Wheeler “gives rise to competition concerns.” The CMA said…
Johnston Press — owner of The Scotsman, the i newspaper and about 200 local newspapers and websites — said growth in its digital revenues and at the…
Glasgow-based Aggreko, the world’s largest temporary power firm, said its half year revenue rose 16% to £792 million but profit before tax and exceptional items fell…
Cumbernauld-based Irn-Bru maker A.G. Barr said in a trading update its revenue for the 26 weeks ended July 29, 2017, is expected to be £136 million,…
Berlin-based Leonardo Hotels said it acquired Edinburgh-based Portland Hotels, giving it five properties in Edinburgh, Glasgow, Perth and Aberdeen and increasing its UK portfolio to…
Private equity firm Bridgepoint is close to finalising a £655 million deal to acquire Edinburgh-based Miller Homes, according to a report in the Financial Times. Meanwhile,…
UPDATE 2 — Shares of Clydesdale and Yorkshire Bank owner CYBG rose about 9% after it announced a positive trading update for the three months…
Dunfermline has seen the highest house price growth in Scotland on a per square metre basis over the past five years — a roughly 20%…
Edinburgh-based Standard Life Investments said it voted its clients’ 465 million shares in Vodafone against Vodafone’s resolution to reappoint PricewaterhouseCoopers (PwC) as Vodafone’s auditors and against…
The Scottish Government and the Scotch Whisky Association have urged the UK Government to mount a “robust legal protection” of the £5 billion Scotch whisky industry…
Scottish law firm Brodies LLP said its revenues grew 2.4% to a record £66.7 million in its financial year to April 30, 2017. Over the same…
Dundee-based investment firm Alliance Trust announced results for the six months to June 30 as it makes a transition to its new investment approach with…
Glasgow-based engineering giant Weir Group said its revenue rose 26% to £1.09 billion in the six months to June 30, 2017, “reflecting both the recovery in…
Aberdeen would be the British city hardest hit by Brexit, with Edinburgh not far behind, according to a new study by the think tank Centre…
Scottish Natural Heritage is leading a “Pollinator Strategy” to make Scotland a “more pollinator friendly place by protecting indigenous bee and butterfly populations,” the Scottish Government…
The UK Treasury said the European Commission has accepted in principle the British government’s plans to free Royal Bank of Scotland from an obligation to…
More than two-thirds of businesses across the Highlands and Islands believe membership of the European single market and free movement of people are important to…
The UK’s Financial Conduct Authority (FCA) announced the appointment of Edinburgh pensions and insurance veteran Maggie Craig as the Head of Department, Scotland — a…
Aberdeenshire-based craft beer brewer BrewDog has announced plans to build a brewery in Australia and said it is looking for “a kick-ass location” for its…
Standard Life and Aberdeen Asset Management said the UK’s Financial Conduct Authority and Prudential Regulation Authority “have confirmed their approval to enable the merger between…
The UK’s Oil and Gas Authority (OGA) has launched the 30th Offshore Licensing Round with 813 blocks or part blocks on offer in mature areas…
East Kilbride-based Goals Soccer Centres said it agreed a strategic 50:50 joint venture with City Football Group, which owns a number of football clubs including Manchester City, New…
Manufacturers in Scotland reported that new orders rose at the fastest pace in more than 40 years in the quarter to July, driven by record…
The average decision time in Scotland for major developments in 2016-17 was 37 weeks, six weeks slower than the average of 31 weeks in the…
UPDATE 1 — Edinburgh and Newcastle-based challenger bank Virgin Money Holdings on Tuesday announced changes to its board and said underlying profit before tax rose 26%…
Convenience retailers McColl’s said its revenue rose 7.6% to £504.8 million in the 26 weeks to May 28, 2017, helped by stores acquired from the Co-op. However, profit…
Virgin Money CEO Jayne-Anne Gadhia — a former leading executive at Royal Bank of Scotland — said in an interview that the “alpha male” culture…
Edinburgh-based Miller Homes is closing in on a sale valuing it at more than £600 million, according to a Sky News report. The report said…
Leading Scottish law firm Maclay Murray & Spens announced on Friday it is to combine with Dentons, the world’s largest law firm. The combination, expected…
The £1 billion Edinburgh and South East Scotland City Region Deal has finally been agreed, with the Scottish and UK governments investing £300 million each in…
More than 60 leading public figures in Scotland — including Lord Kerr of Kinlochard, the Scottish peer who wrote Article 50 — have published an open letter…
UK companies distributed an all-time record £33.3 billion in dividends in the second quarter, beating the previous record of £29.1 billion set in Q2 last…
The UK government’s Transport Secretary Chris Grayling said Britain’s new high speed rail lines (HS2) between London and the North-West of England will also benefit Scotland….
Shares of Glasgow-based engineering giant Weir Group rose more than 7% after it gave an update to its 2017 outlook that “reflects accelerated recovery in North American oil…
Scottish Enterprise is to contribute £11.7 million towards Aberdeen Harbour’s £350 million expansion, supporting the creation of 2,300 jobs by 2026. SE funding is in…
Courier firm DX Group, currently in the process of merging with the distribution business of Edinburgh-based John Menzies, said it will split its business into two divisions —…
A report by the UK’s National Audit Office (NAO) has concluded that the first sale of UK government shares in Royal Bank of Scotland (RBS)…
Steve Lamey, the chief executive of the UK’s Glasgow-based Student Loans Company (SLC), has been suspended pending an investigation, according to reports. No clear reason was…
Edinburgh-headquartered FanDuel and Boston-based DraftKings, the two largest daily fantasy sports sites, have terminated their merger agreement. The decision follows the move by the US Federal Trade…
The First Ministers of Scotland and Wales said the UK government’s European Union (Withdrawal) Bill is a “naked power-grab” for which the Scottish and Welsh Governments…