November 2023


Ashtead Technology acquires £53m Ace Winches

Aberdeen-based international subsea equipment rental and solutions firm Ashtead Technology has further expanded its mechanical solutions service offering with the acquisition of Turriff-based ACE Winches…










Scots impact investor SIS Ventures tops £5.6m

Scottish “impact” investor SIS Ventures has released its inaugural impact report to highlight “the positive impacts on people and planet delivered by its investee companies.”…






Scotgold appoints administrators

Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, said on Friday it has appointed administrators. In a stock exchange statement…






Weir Group acquires Sweden’s SentianAI

Weir Group, the Glasgow-based global engineering and mining giant, said it has acquired SentianAI, a Swedish-based developer of AI solutions “that optimise performance in minerals processing.”…








Alba Bank adopts nCino Cloud Banking Platform

Glasgow-based Alba Bank – the UK’s newest challenger bank dedicated to supporting SMEs – has made a significant step towards supporting the UK’s small- and medium-sized…











AMTE Power pins hopes on private equity firm

Troubled Thurso-based battery cell developer AMTE Power has announced a conditional subscription agreement to raise £2.5 million at 1.7p per ordinary share from Pinnacle International Venture…


Scots Agritech pioneer IGS launches new network

Intelligent Growth Solutions Ltd (IGS), the Scotland-based agritech infrastructure business, has launched a world-first international research network to fast-track “vertical farming” innovation. The network is designed…



SSE raises capital investment plans to £20.5bn

SSE plc, the Perth-based electricity infrastructure giant, said its capital investment expectations have been upgraded by £2.5 billion to £20.5 billion for its five-year investment…







Wave energy firm Mocean Energy raises £2.2m

Mocean Energy, the Edinburgh and Aberdeen-based wave energy pioneer, said it has raised £2.2 million new equity alongside a £500,000 grant to drive the commercialisation of…






Wood Group on target for $6bn revenue

John Wood Group, the Aberdeen-based engineering and consulting giant, said its third-quarter revenue rose 8% to $1.477 billion. Group revenue for the first nine months of…






AAB hires new CEO as it targets £100m revenue

Fast-growing Aberdeen-based accountants and business advisors AAB announced the appointment of Emma Lancaster as its new chief executive. Lancaster will succeed Graeme Allan, who has been…


UK data watchdog apologizes to Rose over Farage

The UK’s data watchdog, the Information Commissioner Information (ICO), has apologised to former NatWest chief executive Alison Rose for suggesting that she personally breached data rules…





Souter Investments acquires Premier Hytemp

Souter Investments said it has agreed terms to acquire Premier Hytemp, a global provider of turnkey metals and precision engineering solutions for the energy industry….


Edinburgh Filmhouse gets Screen Scotland boost

Filmhouse (Edinburgh) Ltd, the organisation working to reopen Edinburgh’s iconic Filmhouse cinema, have achieved a significant milestone in their fundraising campaign, securing a major grant…




Weir Group hires BP’s Brian Puffer as CFO

Weir Group, the Glasgow-based global engineering and mining giant, announced the appointment of Brian Puffer to the company’s board of directors as chief financial officer (CFO)…


Wood Group hires Rolls-Royce’s Balan as CFO

John Wood Group, the Aberdeen-based engineering and consulting giant, announced the appointment of Arvind Balan to the company’s board as chief financial officer (CFO) and…