Scots syndicate Archangels in record £22m year
Archangels, the Edinburgh-based business angel investment syndicate, said on Friday it led a record breaking £22.4 million of investment in Scottish tech and life sciences…
Archangels, the Edinburgh-based business angel investment syndicate, said on Friday it led a record breaking £22.4 million of investment in Scottish tech and life sciences…
Global Infrastructure Partners (GIP), which owns Edinburgh Airport, said on Thursday that together with its co-shareholders it is selling 50.01% of Gatwick to France’s Vinci Airports for…
The 147th British Golf Open at Carnoustie generated a £120 million benefit for the Scottish economy, according to an independent study revealed by First Minister Nicola Sturgeon…
Perth-based energy giant SSE plc said on Friday it agreed to sell a 50% share of its SSE Enterprise Telecoms business (SSEET) to Infracapital for up…
Scotland is on track to see in excess of £2.5 billion invested in its commercial property market in 2018, according to Savills. This year has…
Shares of Edinburgh-based Craneware, a software firm that specializes in US healthcare, recovered some of their recent losses on Friday morning after the firm issued an…
DeepMatter, the Glasgow AIM-listed company focusing on digitizing chemistry, said on Thursday it agreed to acquire German cheminformatics firm Infochem GmbH from global publisher Springer Nature…
Aberdeen-based Faroe Petroleum on Thursday issued a circular rejecting a hostile £610 million cash takeover bid from Norwegian oil and gas company DNO. Faroe operates in the…
Greencoat UK Wind plc (UKW) said on Thursday it agreed to acquire the Douglas West wind farm seven miles south west of Lanark from Blue…
UPDATE 2 — Perth-based bus and rail giant Stagecoach Group said on Thursday it agreed to sell its North America division to an affiliate of private…
The Scotch whisky industry, the UK’s biggest food and drink export, said on Wednesday it was imperative that UK politicians work quickly to avoid crashing…
Scottish businesses are investing record amounts in research and development, according to statistics published on Wednesday. The Business Enterprise Research & Development (BERD) statistics show…
Aberdeen-based oil services and engineering giant Wood plc said it won a contract to supply “programmable digital control technologies” to the Sellafield nuclear site in Cumbria….
Scottish Building Society announced that Mark Thomson is stepping down from his role as chief executive after almost seven years. “During his time with Scottish Building…
Aberdeen-based mechanical engineering group EnerMech on Tuesday confirmed the conclusion of its sale to The Carlyle Group and announced the formation of the group’s board…
Royal Bank of Scotland Group plc (RBS) announced on Tuesday the appointment of Katie Murray as executive director and chief financial officer (CFO), with effect…
Michelin, Scottish Enterprise and Dundee City Council have signed a Memorandum of Understanding affirming the intention to secure a long-term future for Michelin’s site in…
The Convention of Scottish Local Authorities (Cosla) said on Tuesday its 2019-20 funding settlement from the Scottish government will mean “substantial job losses in places…
Elgin-based housebuilder Springfield Properties, which went public last year, said on Monday it “continues to evaluate opportunities to acquire land” as demand for housing in Scotland…
UPDATE 2 — The proposed merger of Perth-based energy giant SSE’s retail unit with Innogy subsidiary Npower was scrapped on Monday with the companies saying they were “unable…
The dividend payments of FTSE 100 companies are forecast to reach a record high of £93.7 billion in 2019, according to investment firm AJ Bell….
The UK’s Competition and Markets Authority (CMA) said on Friday it has provisionally cleared Edinburgh-based Menzies Aviation’s takeover of part of Airline Services’ business after…
Glasgow-based Aggreko, the world’s largest temporary power firm, said on Friday it has been awarded the $200m supply contract for temporary electricity generation by The Tokyo…
Norwegian oil and gas company DNO on Wednesday started the clock on its £610 million hostile takeover bid for Aberdeen-based Faroe Petroleum. DNO, which already owns…
UK Prime Minister Theresa May said on Wednesday morning she would fight a leadership challenge launched by MPs in her Conservative Party. A challenge was…
WWF Scotland said wind output in Scotland in November broke through the 100% threshold for the first time, with 109% of total Scottish electricity demand…
The Scottish economy is on track to grow at its fastest rate since 2014, according to the latest Fraser of Allander Institute (FAI) economic commentary. However,…
Unemployment in Scotland has fallen to 3.7%, the lowest rate on record and lower than the current UK rate of 4.1%, according to new figures…
New public sector employment statistics for Scotland, released by Scotland’s Chief Statistician, show that there were 545,100 people employed in the public sector in Scotland…
Royal London announced that its group CEO Phil Loney has decided to stand down by the end of 2019. “He is standing down to concentrate…
Wheatley Group — Scotland’s biggest social landlord — said on Monday it has secured an investment of £76.5 million that will enable it to build hundreds…
The European Union’s Court of Justice ruled on Monday that the UK government can unilaterally reverse its decision to leave the EU without consulting other…
Screen Scotland on Friday launches a tender process inviting proposals from private developers to lease, refurbish and operate a permanent world-class film and television production…
Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — said on Friday that chief executive officer Ian Curle…
The number of people working in Scotland’s tourism sector increased by 24,500 to 206,000 in the five years after the introduction of the National Tourism Strategy in…
Patrizia has agreed to sell 1 Tanfield, the large office building in Canonmills, Edinburgh, to Greenridge Investment Management for about £65.5 million, according to trade…
Royal Bank of Scotland on Thursday updated its shareholders on the legal process for its plans to move up to £13 billion worth of business…
The value of Scotland’s goods exports to the European Union rose 18% to £15.7 billion in the year to September 2018, new HMRC trade statistics…
The Scottish Parliament has rejected the UK Government’s draft Brexit deal and has ruled out a ‘no deal’ Brexit option. Constitutional Relations Secretary Michael Russell…
Network Rail announced that Story Contracting has won a framework contract to deliver up to £135 million of renewal and enhancement projects in Scotland over…
UPDATE 2 — Shares of Perth-based bus and rail giant Stagecoach rose at least 15% on Wednesday after it said it is considering a possible sale…
Glasgow-based cloud computing firm Iomart Group plc said on Tuesday its revenue grew 8% to £50.9 million and adjusted profit before tax rose 7% to £12.4 million…
The European Court of Justice’s advocate general said on Tuesday the UK has the legal right to unilaterally withdraw its Brexit notice from the European…
North Sea exploration firm EnQuest said on Monday it completed the acquisition of the remaining 75% interest in the Magnus oil field, an additional 9 % interest…
North Yorkshire-based power company Drax said on Monday it reached agreement with Iberdrola on revised terms for the £702 million acquisition of Scottish Power’s portfolio of…
Manchester-based Co-operative Bank announced on Wednesday the appointment of Donald Kerr to the new role of Managing Director, SME Banking, as part of its bid…
Recruitment by oil and gas contractors in the UK Continental Shelf (UKCS) is on the rise as business confidence in the sector reaches its highest…
Glasgow-based drinks giant Edrington — owner of Scotch whisky brands The Macallan and Highland Park — said on Wednesday it sold the Cutty Sark Scotch Whisky brand to…
Aberdeen-based Faroe Petroleum on Tuesday urged its shareholders to reject a £608 million hostile bid from Norwegian oil and gas company DNO, saying the offer “is opportunistic and…
The Scottish Funding Council (SFC) on Tuesday announced the appointment of Karen Watt as its new chief executive. The SFC invests around £1.8 billion a…
Glasgow-based fashion firm Quiz said on Tuesday its revenue rose 19% to £66.7 million in the six months to September 30 “despite challenging market conditions” while…
The UK Government’s draft Brexit agreement could cost Scotland £1,600 per person, according to analysis from the Scottish Government. The analysis said the proposal, still…
The Port of Cromarty Firth in Invergordon has announced a £30 million quayside expansion that will generate 140 new jobs across the Highlands and Islands….
UPDATE 3 — Aberdeen-based Faroe Petroleum on Monday urged shareholders to “take no action” in response to a £608 million hostile bid for Faroe from Norwegian…
Producers of Scottish salmon, the UK’s largest food export, said on Friday they are seeking reassurances that the draft Brexit deal will not link fishing…
BP on Friday announced the first oil production from the giant Clair Ridge project in the West of Shetland region. BP’s co-venturers are Shell, Chevron…
The UK’s draft Brexit deal is a “blind leap into the unknown” which leaves Scotland’s £16 billion EU-related export sector facing trade barriers and “years…
Edinburgh-based investment giant Aberdeen Standard Investments (ASI) said on Wednesday it intends to invest a further €2 billion in residential property by 2022. ASI is already…
The Scottish Government said it will invest a further £1 billion in rebuilding and refurbishing schools. Deputy First Minister John Swinney said the new funding, which…
The extent of Celtic’s contribution to the Scottish economy has been set out for the first time by a new independent report by the Fraser of…
Edinburgh-based John Menzies plc, the global aviation services firm, on Tuesday announced a trading update for the four months to October 31, 2018, saying it continues to…
UPDATE 2 — Shares of Clydesdale and Yorkshire Bank owner CYBG fell more than 15% on Tuesday after it said it increased underlying profit before tax…
TSB Bank announced that Debbie Crosbie, chief operating officer (COO) at Clydesdale and Yorkshire Bank owner CYBG, will join TSB as CEO in 2019. TSB…
Grangemouth refinery operator Ineos confirmed on Sunday it is in talks with ConocoPhillips to acquire its assets in the North Sea — with industry analysts saying…
Johnston Press — the debt-laden owner of The Scotsman, the i newspaper, the Yorkshire Post and about 200 local newspapers and websites — said late on Friday…
A stock market sell-off across Britain’s financial markets this week wiped roughly £3 billion off Royal Bank of Scotland’s stock market value amid uncertainty around the viability…
Glasgow-based sausage skin and collagen products firm Devro said its chairman Gerard Hoetmer informed the board of his intention to retire as chairman at the AGM on…
Scottish companies have reported a sharp acceleration in growth of overall business and predict a further acceleration during the current quarter, according to the latest…
The Scottish Event Campus (SEC) in Glasgow said it has applied for planning permission in principle (PPIP) for a £200 million expansion of its facilities “with…
Trade body Oil & Gas UK has welcomed the news that Azinor Catalyst has struck oil at Agar-Plantain in the Northern North Sea as “promising proof…