SSE-Npower merger ‘warrants further scrutiny’ – CMA
The Competition and Markets Authority (CMA) said on Thursday it has decided the proposed merger of Perth-based SSE Retail and Innogy subsidiary Npower “warrants further…
The Competition and Markets Authority (CMA) said on Thursday it has decided the proposed merger of Perth-based SSE Retail and Innogy subsidiary Npower “warrants further…
The Scottish Government’s Brexit Minister Michael Russell said the UK Government’s amendments to the EU Withdrawal Bill make it “crystal clear in terms never seen…
Aberdeen Standard Investments voted against the “enormous” remuneration packages for executives at York-based housebuilder Persimmon including a £75 million package for Persimmon CEO Jeff Fairburn at the…
The Scottish Government’s Brexit minister Michael Russell said on Tuesday the UK Government’s EU Withdrawal Bill will continue to “enable the powers of the Scottish…
Peel Ports said it has partnered with the UK’s largest rail freight company, DB Cargo UK, to provide a new rail service for containers via…
The Scottish FA announced the appointment of Ian Maxwell as its new chief executive. Ian Maxwell, 42, will join the Scottish FA at the end…
More travellers than ever before used the 11 airports of Highlands and Islands Airports Ltd (HIAL) in the financial year 2017-2018. Latest airport passenger figures from…
UK Government Investments (UKGI), the body which manages the UK government’s stake in Royal Bank of Scotland, said on Friday it appointed Credit Suisse’s Charles…
The latest Scottish Chambers of Commerce quarterly economic indicator survey has shown rising levels of investment across Scottish businesses as expectations grow among firms for…
Scotland’s population has increased for the for the eighth year running and now stands at a record high of 5.42 million, according to the National…
Glasgow-based engineering giant Weir Group said on Thursday it agreed to buy Portland, Oregon-based ESCO Corp. for about $1 billion in cash and shares as it…
Shares of Clydesdale and Yorkshire Bank owner CYBG fell more than 5% after it said it expects to increase its provisions for legacy PPI costs as at…
Shares of Glasgow-based Beeks Financial Cloud Group, a cloud provider for institutional capital markets, rose 4.5% after it announced its entry into the equities automated trading…
Royal Bank of Scotland said it will make total payments of up to £3.5 billion into its pension scheme in the coming years, clearing one of the…
The UK government said its senior law officers, the Attorney General and the Advocate General for Scotland, are referring EU exit legislation passed in the…
Johnston Press — the embattled owner of The Scotsman, the i newspaper, the Yorkshire Post and about 200 local newspapers and websites — said its 2017…
Aberdeen Standard Investments said its infrastructure debt team has provided more than £43 million of private debt to finance six operational hydro-electric schemes in Scotland….
The board of the £259 million investment trust Schroder UK Growth Fund plc has terminated Schroder Unit Trusts Limited as the fund’s manager and given the mandate…
Scottish law firm Burness Paull said Peter Lawson will take over as chairman while Tamar Tammes will step into the role of managing partner with…
Edinburgh-based upmarket home builder Cala Homes said on Monday that its CEO Alan Brown is to retire. Last month, Legal & General Group announced that its Legal &…
Diageo has announced a £150 million investment over three years to transform its Scotch whisky visitor experiences in the “biggest concerted programme ever seen” in…
A YouGov survey published on Monday by Amazon claims that Scottish small and medium-sized businesses (SMEs) are “struggling to grasp digital and export opportunities” to…
Edinburgh’s first single malt whisky distillery for 90 years has completed a £5.8 million funding drive to help fund the creation of a new distillery…
The Scottish Chambers of Commerce (SCC) said it signed an historic Memorandum of Understanding with the China Chamber of International Commerce (CCOIC) that opens China’s…
Marsh & McLennan firm Jelf said it agreed to acquire Perth-based Clark Thomson, Scotland’s largest independent insurance broker. Established in 1965, Clark Thomson is headquartered…
Shares of Glasgow-based fashion firm Quiz rose about 4% after it said it increased revenue in line with expectations by 30% to £116.4 million in…
By Mark McSherry UPDATE 3 — Aberdeen-based bus and rail giant FirstGroup plc said late on Wednesday it has received “a preliminary and highly conditional indicative proposal…
Investment in Scottish commercial property in the first quarter of 2018 reached £608 million, significantly ahead of the five-year average of £546 million, according to…
Standard Life Aberdeen, the largest active fund manager in the UK and one of Scotland’s largest employers, has officially opened its new headquarters at 6 St…
BP announced that it has committed to two new North Sea developments which are expected to produce 30,000 barrels gross of oil equivalent a day…
Edinburgh-based TV advertising analytics firm TVSquared said it raised another $8 million in funding to support its expansion. To date, the firm’s equity funding totals more…
The latest Royal Bank of Scotland Business Monitor, conducted by the Fraser of Allander Institute, reported that most regions across Scotland saw no increase in…
Wealth manager Rathbone Brothers on Monday confirmed weekend press speculation that it is in talks for a possible acquisition of Glasgow-based investment management firm Speirs…
Apple has hired John Giannandrea, Google’s Scottish-born chief of search and artificial intelligence, in what is being called a major coup in its bid to…
Perth-based energy giant SSE and innogy SE said they appointed Dixons Carphone executive Katie Bickerstaffe to be CEO designate of the new independent British energy…
Edinburgh-based John Menzies plc said its subsidiary Menzies Aviation has acquired Airline Services Limited, a UK based aircraft de-icing specialist, from Airline Services and Components Group…
Scottish Enterprise on Friday announced the appointment of Scottish Canals CEO Steve Dunlop as its new chief executive. “Steve, who takes up the post in…
Edinburgh-based accounting software firm FreeAgent, which is being acquired by Royal Bank of Scotland for about £53 million, on Thursday reported strong progress in a trading…
Shares of Aberdeen-based Faroe Petroleum, the independent oil and gas company, rose about 12% on Wednesday after it announced “significant discoveries” in the Hades and Iris prospects…
The Scottish economy grew 0.3% in the fourth quarter of 2017, according to statistics announced by Scotland’s chief statistician. UK GDP growth for this quarter was…
Glasgow-based Aggreko, the world’s largest temporary power firm, is to invest £33 million in research and development for lower carbon power — and create 23…
Irish drinks firm C&C, whose brands include Tennent’s, Bulmers and Magners, said on Wednesday it bought the wholesale arm of troubled Crew-based alcohol wholesaler and distributor…
The Scottish government said the Help to Buy (Scotland) scheme will be extended beyond 2019 to help more people buy a new-build home without the…
Aberdeen Standard Investments has launched a European Residential Property Fund supported by Netherlands-based cornerstone investor Pensioenfonds Metaal en Techniek (PMT) and its fiduciary manager, MN….
Scottish Widows said it has launched an enhanced workplace savings range of products following completion of the first phase of the transfer of Zurich’s UK…
Grimsby-based Young’s Seafood Limited confirmed on Tuesday that it is proposing to close its Young’s Pinneys plant in Annan, near Dumfries, with the potential loss of…
Sanjeev Gupta’s GFG Alliance said it is set to invest a further £60 million in Scottish hydro-power after completing the purchase of Green Highland Renewables….
The new interim managing director of CalMac Ferries has warned passengers that the operator’s “ageing fleet” could cause problems as it prepares for its busiest ever…
Selkirk-based Oregon Timber Frame Limited has completed a buy-out of its non-management shareholders including the 15% stake in the business held by its largest external…
Glasgow-based cloud computing firm iomart Group plc said in a trading statement for the year ending March 31, 2018, that it expects to show revenue growth…
Perth-based energy giant SSE said on Thursday its plan to demerge its household energy and services business in Great Britain with Innogy subsidiary Npower to form a…
Renewable electricity generation in Scotland increased by 26% last year, making 2017 a record year, the Scottish government said. For the first time ever, Scotland…
Royal London said its new life and pensions business soared 38% to £12 billion and funds under management rose 14% to £114 billion in 2017. The mutual…
AIM-listed chemistry company Cronin Group, which has a research relationship with the University of Glasgow, announced a 2017 loss of of £1.46 million after tax and said…
Edinburgh-based LendingCrowd said it secured an external funding round of £2 million following a strong 2017 for the peer-to-peer (P2P) lender, with the proceeds earmarked for…
Scottish Rugby said it extended the contract of chief executive Mark Dodson beyond the Rugby World Cup 2023 in France. Scottish Rugby said its turnover…
Scotland’s Auditor General Caroline Gardner warned in a new report that recruiting the skilled staff required for the Scottish government’s new financial and social security…
Scotland’s chief statistician on Wednesday released figures for gross expenditure on research and development (GERD) in Scotland in 2016. The figures show GERD in Scotland…
The University of Strathclyde’s Fraser of Allander Institute (FAI) has warned that the Scottish government’s focus on following a “single, unified approach to the economy”…
Edinburgh-based Frontier IP said its revenue increased 41% to £1.19 million and profit before tax increased 67% to £524,000 in the six months to December 31. Frontier…
Royal Bank of Scotland said on Tuesday it agreed to acquire Edinburgh-based accounting software firm FreeAgent for about £53 million. The offer price of 120p in…
Shares of Cumbernauld-based Irn-Bru maker A.G. Barr rose more than 3% after it said its profit before tax increased 4.2% to £44.9 million on revenue up 8%…
The chairman of UK Financial Investments (UKFI), the agency overseeing the sale of the UK government’s stake in Royal Bank of Scotland, told MPs UKFI…
Ellon, Aberdeenshire-based craft brewing firm BrewDog announced it bought Draft House, which has 14 bars across London and the South East of England. Alongside his…
Apache Corporation announced a “significant oil discovery” at the Garten prospect in the UK sector of the North Sea that could recover more than 10 million…
The Scotch Whisky Association (SWA) has set out its priorities for the Scotch industry as a “Brexit transition” agreement is discussed by EU leaders. The…
Forth Ports’ Capital Cruising business, which runs six cruise terminals across the UK including Edinburgh and London, has appointed Chris Alexander to a new role…
The head of the UK government agency in charge of selling the taxpayer’s 70% stake in Royal Bank of Scotland is to quit his job…
A new specialist recruitment facility will bring 200 jobs to Glasgow this year. The Centre of Excellence is being opened by recruitment firm SThree, which…
Emergency legislation “to protect Scotland’s devolved powers” has been passed by a margin of 95 votes to 32 by the Scottish Parliament. “The new legislation will…