Wood funding for ‘space age nuclear decommissioning’
Aberdeen-based oil and engineering giant Wood plc said it won UK Government backing “to bring space technology to nuclear decommissioning.” Wood said it is leading research…
Aberdeen-based oil and engineering giant Wood plc said it won UK Government backing “to bring space technology to nuclear decommissioning.” Wood said it is leading research…
Edinburgh and Newcastle-based Virgin Money has confirmed the appointment of former HSBC executive Irene Dorner as chair elect of the challenger bank. The appointment helps create the…
Edinburgh-based Aegon UK said the acquisition of Cofunds and “exceptional” organic growth has seen the firm add more than £15 billion to take its “platform” assets up…
UPDATE 4 — Shares of Edinburgh-based Standard Life Aberdeen fell about 5% after it was announced it will lose its biggest client. Lloyds Banking Group (LBG)…
Edinburgh-based fund management giant Baillie Gifford announced its intention to raise £250 million through the launch of a new investment trust company, the Baillie Gifford…
Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, announce two significant new contracts with hospital providers in the US. Both hospital providers are new…
Glasgow-based Smart Metering Systems (SMS) announced it has signed a new meter rental agreement with Utilita Energy “to provide an opportunity for over 100,000 new…
Grant Thornton’s Scotland Limited report for 2017 shows that Scotland’s largest 100 private limited companies made a combined turnover of £21.4 billion, made combined pre-tax profits of…
Global consultants Wood Mackenzie and the Aberdeen-based Oil & Gas Technology Centre announced that developing new subsea technology and approaches could help unlock 400 million additional barrels…
Tokyo-based Terumo Corporation announced an investment of £33 million in its Renfrewshire subsidiary Vascutek Limited. The investment has been approved for the major expansion of…
Aberdeen-based oil and engineering giant Wood plc said it secured a new multi-million dollar, five-year contract to support Saudi Aramco in the delivery of one…
Scottish private sector business optimism has strengthened “markedly” to a 43-month high, according to the latest Bank of Scotland Purchasing Managers’ Index (PMI). “Activity in…
The UK Treasury has held “secret” talks with US officials aimed at speeding up a multibillion pound fine for Royal Bank of Scotland (RBS) that…
The value of Scotch Whisky exports rose 8.9% to a record £4.36 billion in 2017 — the equivalent of 1.23 billion bottles — according to…
The value of Scottish salmon exports rose 35% in 2017 to a record £600 million, according to new figures released by HMRC. Export tonnage of…
Celtic plc said its revenue increased 16.8% to £71.5 million and profit before tax edged higher to £19.5 million in the six months to December…
East Kilbride-based Goals Soccer Centres said it appointed Andrew Anson as its chief executive with effect from April 23, 2018. Anson has held senior roles at The Walt…
The crucial Forties oil and gas pipeline in the North Sea was shut for a second time in two months on Wednesday. The latest shutdown…
Reducing migration if the UK leaves the European Union would be “catastrophic” for Scotland’s economy, a new Scottish government discussion paper has warned. The discussion…
A Scottish court on Tuesday rejected a legal attempt to ask the European Court of Justice (ECJ) to clarify whether the UK could unilaterally stop…
Shares of Perth-based transport giant Stagecoach fell as much as 14% on Tuesday, the day after UK Transport Secretary Chris Grayling said the Stagecoach-led Virgin Trains East…
Stock markets around the world continued to fall on Tuesday for a fourth successive day of declines — a rout that has seen $4 trillion…
UK Transport Secretary Chris Grayling said on Monday the Stagecoach-led Virgin Trains East Coast rail franchise is facing an “urgent” cash crisis and will be able to…
The North Sea oil and gas industry will deliver about £1 billion in tax to the UK Treasury this financial year, according to latest estimates….
Stock markets fell around the world on Monday and bond yields rose as US inflation increased the possibility that global central banks may tighten policy…
A new report by TheCityUK found financial and related professional services firms in Scotland had a record year in 2016 with exports up by 9%…
Shaw Industries Group, the largest carpet tile manufacturer in North America and a subsidiary of Warren Buffett’s Berkshire Hathaway, has acquired Sanquhar Tile Services (STS) of the…
Virgin Hotels, the luxury lifestyle hotel brand by Virgin Group founder Richard Branson, has announced plans to open a hotel in Edinburgh. Expected to open…
US travel industry giant Travel Leaders Group said it reached an agreement to acquire Barrhead Travel Group, one of Scotland’s largest retail travel companies and…
Johnston Press — the embattled owner of The Scotsman, the i newspaper and about 200 local newspapers and websites — said in a trading update that…
The Scottish FA announced on Thursday that its chief executive Stewart Regan “has taken the decision to step down from his position at the association.”…
Aberdeen Standard Investments announced the launch of the UK Equity Impact – Employment Opportunities Fund in collaboration with Big Issue Invest, the social investment arm…
Scottish Renewables said that new UK Government statistics show turnover from renewable energy activity in Scotland was £5.4 billion in 2016. Individual sectors are showing…
The Scotch Whisky Association (SWA) has renewed its collective trademarks ‘Scotch Whisky’ and its translation ‘苏格兰威士忌’ in China — the world’s largest spirits market —…
Cumbernauld-based Irn-Bru maker A.G. Barr said it expects its revenue for the 52 weeks ended January 27, 2018, to be up 7.5% to £277 million amid…
Perth-based energy giant SSE raised its full-year profit outlook on Wednesday, saying it expects to deliver adjusted earnings per share in the range of 116p to…
Julie Hesketh-Laird is to take over as chief executive of the Scottish Salmon Producers Organisation (SSPO) following the retirement of Scott Landsburgh, who has held…
Total income from farming in Scotland is estimated to have increased by £245 million to about £917 million in 2017, according to the Chief Statistician in the Scottish…
BP has announced two new exploration discoveries in the North Sea that it said will help it double its production to 200,000 barrels a day by…
A consortium led by Blackstone announced that private equity funds managed by Blackstone – together with Canada Pension Plan Investment Board (CPPIB) and Singapore’s GIC…
Spirit Energy, one of the top independent oil and gas operators in Europe, said it is extending the life of one of its key North…
The UK’s Financial Conduct Authority said on Tuesday it will publish in full a report it commissioned on how a controversial unit of Royal Bank of…
Reuters has reported that US private equity giant Blackstone Group LP is in advanced talks to buy a 55% stake in the Financial and Risk…
Clydesdale and Yorkshire Bank owner CYBG said it saw strong mortgage growth of 7.4% to £23.9 billion in the three months to December 31, 2017 — but…
Local authority watchdog the Accounts Commission has said Clackmannanshire Council “must take urgent and decisive action to sort out its financial problems.” In a new…
A plan to reform the Scottish Crown Estate and give local communities more control over its assets have been introduced to the Scottish Parliament. The…
Edinburgh-based Tesco Bank has recruited Gerry Mallon as its new chief executive to succeed the colourful Benny Higgins, who will retire from Tesco Bank on February…
The drive for greater cost control across financial and professional services in Scotland this year will have a bigger impact on recruitment activity than Brexit,…
Scotland’s international exports — excluding oil and gas — increased by 1.6% to £29.8 billion in 2016, according to Scotland’s chief statistician. However exports to the…
Royal Bank of Scotland Group said it will leave its current London headquarters by the end of 2019 in a cost-cutting move, according to a…
A record number of people used Highlands and Islands Airports Ltd (HIAL) airports in 2017, with the group reporting 1,722,913 journeys during the year. The…
AGS Airports Ltd, which owns Glasgow Airport, Aberdeen International Airport and Southampton Airport, confirmed that Derek Provan will succeed Amanda McMillan as both CEO of…
The pension fund of the Royal Bank of Scotland has acquired the headquarters of the National Air Traffic Control Services (NATS), according to a report…
Edinburgh-based upmarket home builder Cala Group said on Monday that a positive first-half trading performance is expected to lead to record revenues and profits for full-year…
Shares of East Kilbride-based Goals Soccer Centres fell 8% after it said in a trading update that it anticipates profits for 2017 will be “broadly in line with…
Latest statistics from the UK’s Office of National Statistics (ONS) show the number of overseas tourists visiting Scotland increased 15% in the 12 months to…
The latest Scottish Chambers of Commerce’s Quarterly Economic Indicator survey showed Scottish firms continuing to display resilience amid economic uncertainty — and found growing optimism within…
V&A Dundee, Scotland’s first design museum, announced it will open to the public on Saturday, September 15, 2018. It will be the only V&A museum…
Investment in Scottish hotels in 2017 reached £195 million involving 23 deals — a 60% increase on the total investment volume recorded in 2016, according to…
UPDATE 3 — Global asset management giant Franklin Resources, Inc, operating as Franklin Templeton Investments, has agreed to acquire Sandy Nairn’s independent fund management firm Edinburgh…
The Scottish economy grew 0.2% during the third quarter of 2017, according to gross domestic product (GDP) statistics announced by Scotland’s Chief Statistician. During the…
Swiss private bank Julius Baer International announced the appointment of Calum Brewster as its Edinburgh-based Managing Director, Head of UK Regional Offices. Brewster’s appointment follows…
Twenty14 Holdings (T14H), the hospitality investment arm of Abu Dhabi-based Lulu Group International, has completed the $120 million acquisition of the Waldorf Astoria Edinburgh – The…
A new “economic impact analysis” by the Scottish Government said that a failure of the UK to remain in the Single Market or to secure a…
Royal Dutch Shell plc has made one of its biggest commitments to the UK North Sea in 30 years, with plans to redevelop the Penguins oil…
More than 13 million passengers used Edinburgh Airport in 2017, making it the busiest ever year for a Scottish airport. Passenger numbers were up 8.6%…
North Sea producer Premier Oil gave a positive update on progress at its flagship North Sea development, the Catcher field, 174 km off the coast of…
The Scottish Government said it has begun preparations to introduce an EU Continuity Bill to prepare Scotland’s laws for Brexit after UK Government legislation was…
Glasgow-based fashion firm Quiz said its Christmas trading was in line with expectations with a 31.9% increase in group revenue for the seven-week period from November 19,…
Annual statistics compiled by Dundee-based Tayside Solicitors Property Centre (TSPC) show it handled the sale of homes worth £438.5 million in 2017. The TSPC and…