FirstGroup sells Greyhound properties for $137m
Aberdeen-based bus and rail giant FirstGroup plc said on Thursday it made three property disposals for $137 million as part of its programme to rationalise Greyhound’s…
Aberdeen-based bus and rail giant FirstGroup plc said on Thursday it made three property disposals for $137 million as part of its programme to rationalise Greyhound’s…
The Scottish Parliament has rejected the UK Government’s Brexit trade deal with a margin of 92 votes to 30, with all parties except the Scottish Conservatives supporting…
Archangels, the Edinburgh-based business angel investment syndicate, said it led investments of £16.3 million in Scottish start-up and early stage companies in 2020, topping its 2019…
The Brexit fisheries deal negotiated by the UK Government “will mean a fall in the quantity of key fishing stocks” landed by the Scottish fleet,…
Residential property values in Edinburgh increased by 1.7% in the three months to December — making it the strongest fourth-quarter performance in more than 10…
Scotland’s salmon farmers, producers of the UK’s biggest food export, are demanding seafood consignments at Channel crossings are given priority by the UK Government. The…
The Scottish Government has urged Scottish businesses to ensure they are aware of the latest Brexit advice ahead of the EU transition period ending at…
The Scottish Environment Protection Agency (SEPA) confirmed on Thursday that it is responding to a “significant and ongoing cyber attack” affecting its contact centre and…
Scotland’s First Minister Nicola Sturgeon said on Thursday night the “hard” Brexit deal announced by UK Prime Minister Boris Johnson appears to have broken major…
Shares of Alva-based Omega Diagnostics Group rose as much as 20% on Thursday after it said its partner Mologic Ltd has received CE Mark (Conformité Européenne)…
Shares of Edinburgh-based international oil and gas company Cairn Energy rose about 20% on Wednesday after it said the tribunal established to rule on its claim…
The UK’s Office for National Statistics (ONS) said on Tuesday that public sector net debt rose by £301.6 billion in the first eight months of…
Scotch Whisky firm William Grant & Sons — maker of Glenfiddich and The Balvenie — reported turnover growth of 7.5% to £1.425 billion and profit growth…
Glasgow-based global engineering giant Weir Group said on Tuesday the sale of its oil and gas division to Caterpillar Inc. for an enterprise value of $405…
SSE plc, the Perth-based renewable energy and networks giant, said on Tuesday it agreed to sell its portfolio of gas exploration and production (E&P) assets…
Australia-based Scotgold Resources, the gold exploration and production company focused on Scotland, on Monday reported “further good progress” at Cononish, Scotland’s first commercial gold mine. “Scotgold…
Edinburgh-based investment giant Baillie Gifford said it has launched a UK open-ended investment company (OEIC) version of its successful Dublin-registered Health Innovation fund “to invest in…
Edinburgh and Manchester-based rented housing developer Sigma Capital Group said on Monday it signed a new collaboration agreement with Countryside Properties plc, its principal home building…
The Scottish Government said on Monday the hydrogen sector will receive £100 million over the next five years “to support a green recovery and Scotland’s…
Lloyds Banking Group (LBG) — parent of Scottish Widows, Bank of Scotland and Halifax — confirmed on Friday afternoon it has cancelled all staff bonuses for…
Metro Bank on Friday confirmed the sale of a portfolio of owner occupied residential mortgages to the NatWest group for up to £3.1 billion in…
The Scottish Government said on Friday that 25 new schools and campuses are to be constructed or refurbished as part of an £800 million investment “to…
Scotland Food & Drink said on Friday that new figures from the Scottish Government reveal that in the first nine months of 2020, Scottish food…
Scotland’s GDP increased by 0.6% in October, according to statistics announced on Friday by the Chief Statistician. This is the sixth consecutive month of increasing…
Barclays plc said on Friday that Ian Cheshire will be stepping down as chair of Barclays Bank UK plc and will be succeeded by veteran…
Audit Scotland said the Scottish Government overspent its 2019-20 budget by nearly £700 million responding to the Covid-19 pandemic. Net spending for the year across…
The Tay Cities Deal has reached a major milestone with UK Government Minister Iain Stewart joining the deal’s partners for an online ceremony to ratify…
J Sainsbury plc said on Thursday that Lesley Jones has been appointed the new chair of Edinburgh-based Sainsbury’s Bank. Jones will replace outgoing chair Roger…
Edinburgh-based international oil and gas company Cairn Energy said on Thursday it will pay a special dividend of 32p per share amounting to $250m as it…
Scotland’s Chief Statistician has released new statistics showing that the Scottish economy grew by 16% during the third quarter of 2020, covering July to September,…
The Auditor General for Scotland has said a subsidiary of Scottish Water may need between £47 million and £88 million in financial support due to…
Aberdeen Standard Investment’s outlook commentary for 2021 says “sustainable higher yielding debt, selected global equity and selected real estate will become even more attractive” as…
Scotland’s unemployment rate decreased over the August-October quarter to 4.2%, below the UK rate of 4.9%, the Scottish Government said. The proportion of people aged…
UK Prime Minister Boris Johnson “needs to get his act together” and secure a trade deal with the EU, said Tavish Scott, chief executive of…
Shares of Springfield Properties, which is building a number of new communities throughout Scotland, rose about 3% on Tuesday after it published a strong trading update…
The Scottish Investment Trust (SIT) said it will increase its dividend for the 37th consecutive year despite its share price total return falling 12% and net…
The Centre for the Moving Image (CMI) has submitted a full planning application for the proposed New Filmhouse in Edinburgh’s Festival Square to City of Edinburgh Council’s planning department. The move follows public…
Shares of Edinburgh funds platform Nucleus Financial Group rose about 3% on Friday after it published an update on fourth-quarter trading saying its assets under administration…
Standard Life Aberdeen chairman Douglas Flint said on Friday that the City of London financial sector is ready for any outcome from the ongoing Brexit…
The Scottish Police Authority (SPA) has improved how it operates but policing in Scotland is “not financially sustainable” says a new report by the Auditor…
Aerospace and defence company Babcock has awarded a £31.5 million contract to Robertson Construction for the development of a new assembly hall at its Rosyth…
Orbex, the European space launch company based in Forres, Scotland, said it secured $24 million in a funding round led by BGF and Octopus Ventures….
Taxes on land and property could ‘serve as a powerful tool for helping Scotland develop a robust, resilient wellbeing economy,” according to a new report…
The Port of Grangemouth has announced a major investment in its rail freight facilities which it said will cement its position as the key strategic…
Shares of Aberdeen-based bus and rail giant FirstGroup plc fell about 4% on Thursday after it said its reported revenue fell £430.3 million to £3.1…
Amazon has announced its investment in 26 new utility-scale renewable projects totalling 3.4 gigawatts (GW) of energy capacity around the world, including the major Scottish…
The Scottish Government has announced a £55 million emergency sports funding package “to tackle lost ticket revenue during the pandemic.” The funding will comprise grants…
Sweden’s Modern Times Group (MTG) AB has agreed to buy free-to-play mobile racing games firm Hutch Games — which has studios in Dundee — for up…
Almost a quarter (22%) of FTSE 350 defined benefit (DB) pension schemes with rated sponsors expect corporate insolvency before they reach buy-out, according to analysis…
The University of Strathclyde has announced that Mairi Spowage will be the new interim Director of the Fraser of Allander Institute — Scotland’s leading independent…
Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial markets trading, on Wednesday announced a payment of the earn-out consideration for its acquisition of Velocimetrics Limited,…
Aberdeen-based global engineering group Wood plc has announced it is “transforming paper and textile production through innovative design and engineering” on two of the most…
The Scottish Government announced on Wednesday that more than 200 jobs will be created through the development of a new deep water terminal at Stornoway…
Shares of Perth-based bus and rail giant Stagecoach Group plc rose as much as 12% on Wednesday despite the firm reporting that its revenue fell…
Aberdeen Standard Investments (ASI) said on Wednesday it will acquire 60% of Tritax Management LLP to strengthen the combined offering of both firms in the…
The chief executive of the Scotch Whisky Association late on Tuesday welcomed the news that the UK government plans to suspend retaliatory tariffs imposed on…
New analysis from EQ (Equiniti Group plc), one of the largest providers of outsourced pension administration in the UK, suggests that nearly half of full-time British…
Shares of Perth-based renewable energy and networks giant SSE plc rose about 3% on Tuesday after UK energy watchdog Ofgem proposed a return on equity…
The £200 million Keystone Investment Trust plc said on Monday it has decided to appoint Edinburgh-based investment giant Baillie Gifford to manage the trust using…
Menzies Aviation, the Edinburgh-based global airport services specialist, has announced the acquisition of a 51% shareholding in Royal Airport Services (RAS), a leading aviation services…
Italy’s Eni is buying a 20% stake in the Dogger Bank Wind Farm project from Perth-based SSE and Norway’s Equinor. Dogger Bank Wind Farm, off…
Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Edinburgh-based Standard Life Assurance, told Reuters on Thursday it expects more companies…
Edinburgh-based investment giant Standard Life Aberdeen said on Thursday it sold another slice of its stake in HDFC Life in India for about £172 million. The…
A new report from leading think tank IPPR has urged the UK and Scottish governments to work together to develop a new net zero deal…
The Scottish Government said on Wednesday the new Scottish National Investment Bank has been set three core “missions” to ensure it addresses the “grand challenges”…
Shares of Edinburgh funds platform Nucleus Financial Group soared almost 40% on Wednesday afternoon after it confirmed it has received separate proposals regarding possible offers to…
Shares of Glasgow-based cloud computing firm Iomart Group plc fell about 7% on Tuesday after it published half yearly results for the period ended September…
Shares of Glasgow-based global mining and engineering giant Weir Group edged 2% higher on Tuesday after it won a £95 million order to provide aftermarket components and…
Baillie Gifford’s £3 billion Monks Investment Trust plc said on Tuesday it produced a net asset value (NAV) total return of 26.8% compared to an increase of 10.2% for the…