Property consultancy Bidwells announced it has been successful in securing a further tenure as managing agents for Crown Estate Scotland’s coastal portfolio, following a full public procurement exercise….

Houston, Texas-based energy services firm Expro announced it entered into a definitive agreement to acquire Aberdeen drilling tech company Coretrax from an investment group led…

Former RBS/NatWest Group CEO Ross McEwan is to join Farnborough-based QinetiQ, a global defence technology, as a non-executive director. McEwan will join the QinetiQ Board on…

Lothian Buses announced it has purchased East Lothian coach operator Eve Coaches. Lothian said it will acquire the touring operator, based in Dunbar, to expand…

HMRC estimates for January 2024 indicate that there were 2.46 million payrolled employees in Scotland — a record high number and up by 27,000 compared…

Scotland is experiencing a start-up boom, with over 40,000 new businesses setting up shop last year – an increase of 12% on the number of…

John Wood Group, the Aberdeen-based global engineering and consulting giant, said it has been selected as “owner’s engineer” on a major green hydrogen production project in…

Lothian Buses has announced its passenger numbers increased by more than 17% from 94 million in 2022 to 110 million in 2023. Edinburgh Trams, the…

Proposals have been detailed and submitted for a new community in west Edinburgh that promises 3,000 homes, office space to support more than 4,000 jobs,…

The latest Royal Bank of Scotland purchasing managers’ index (PMI) has revealed a renewed rise in business activity across the Scottish private sector at the…

Edinburgh investment giant Abrdn has confirmed it is trialling alternatives to Bloomberg terminals as part of a its recently-announced move to slash about £150 million in…

The International Corporate Governance Network (ICGN), a group of international institutional investors with $77 trillion of assets, have warned that proposed reforms to company listing…

First Minister Humza Yousaf has appointed Màiri McAllan as Cabinet Secretary for Wellbeing Economy, Net Zero and Energy. Setting out portfolio changes to the Scottish…

NatWest Group has announced the appointment of wealth management executive Emma Crystal as the new CEO of its wealth businesses, including the Coutts private bank,…

Rod Ashley has announced he will be stepping down as CEO of Glasgow-based Alba Bank after six years. Alba Bank is the UK’s newest challenger bank…

Edinburgh-based Tesco Bank is to be bought by Barclays Bank UK in a deal worth about £600 million. Barclays announced it entered into an agreement with…

SSE plc, the Perth-based electricity infrastructure giant, said on Thursday that SSE Renewables’ output over the first three quarters of the year was around 15%…

The latest Royal Bank of Scotland Report on Jobs survey has reported yet another “deterioration in permanent candidate availability” as it confirmed a drop in…

The Scottish Government’s 10-year economic strategy “currently lacks collective political leadership and clear targets” according to a new report from Audit Scotland. The Scottish Government…

Parabola, developer and owner of Edinburgh Park, has agreed a deal with Edinburgh-based S1 Developments to create housing for sale at the 42 acre site on the…

The Scottish economy is expected to improve in 2024 after little growth over the course of 2023, according to the latest quarterly Economic Commentary from…

Leaders of UK Government Investments (UKGI) told the UK parliament’s cross-party Treasury Committee on Tuesday that the process to sell more of the British taxpayer’s remaining…

Crosswind Developments, the team behind a proposed development that promises 3,000 new homes near Edinburgh Airport, has appointed former Scottish Enterprise CEO Steve Dunlop as…

MHA, the UK independent member firm of Baker Tilly International, has announced a merger with Edinburgh-based accountancy firm Geoghegans. This is MHA’s second merger in…

The EY ITEM Club Scottish Winter Forecast has predicted that Scotland’s economy is set to gain momentum this year with the prospect of interest rate cuts…

Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, said it has signed a new contract worth £15.3 million with Inverness-based Highland…

Shares of Beeks Financial Cloud Group plc, the Glasgow-based cloud computing and connectivity provider for financial markets, rose as much as 30% after it announced new contract…

John Wood Group, the Aberdeen-based global engineering and consulting giant, has secured an $80 million contract extension with Equinor to deliver maintenance and modification solutions…

Shell has joined the Renewables for Subsea Power (RSP) collaborative project which is currently powering subsea equipment off the coast of Orkney through a combination…

Business and financial adviser Grant Thornton UK LLP has announced changes to its leadership team in Scotland, with Stuart Preston appointed new practice leader and three…

Aberdeen-based independent oil and gas firm Parkmead Group announced it has been provisionally awarded three new offshore blocks by the North Sea Transition Authority (NSTA) in…

The Scottish Government has announced the appointment of a new chair and two new members to the board of the Scottish Land Commission. Michael Russell…

Scottish Water has announced that average weekly household water bills in Scotland will rise by £35.95 a year — or just under 70p a week —…

Phoenix Group Holdings plc, owner of Standard Life, said it experienced new business net fund flows of £7 billion in 2023, an 80% year-on-year increase….

Edinburgh investment giant Baillie Gifford announced that it has created a dedicated China equities investment team “to better serve existing and potential clients.” Linda Lin,…

The UK central bank kept interest rates at a nearly 16-year high of 5.25% on Thursday — but opened up the possibility of cutting them as…

TSB has reported a statutory profit before tax of £237.2 million for 2023 — an increase of £53.7 million or 29.3% on 2022 – and…

A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks, Funkin cocktail mixers and MOMA foods, announced the appointment of Euan Sutherland as its new…

M Core, the commercial property and investment collective, said it has acquired the Princes Square retail development in Glasgow city centre. M Core said that Princes…

Public sector procurement specialist SCAPE Scotland has launched a £1 billion “Utilities Works and Services Framework.” SCAPE said the framework is designed to “empower utility…

Gordon Humphries has been elected as chair of the Association of Investment Companies (AIC) and Sapna Shah has been elected as deputy chair with immediate effect….

Glasgow-based media firm STV Group said its STV Studios business has increased its 25% equity stake in Belfast-based drama production company Two Cities Television to a…

The number of first-time buyers fell in Scotland by 10% to 27,339 last year — the smallest fall in the UK — compared to 2022,…

Bond dealers have told the UK’s Debt Management Office (DMO) that the UK government should reduce sales of long-dated government debt (bonds) in the financial…

The International Monetary Fund (IMF) warned the UK’s Conservative government on Tuesday not to cut taxes in the run-up to the UK general election that…

Amazon announced that it has signed a corporate power purchase agreement (CPPA) with ENGIE to increase its share of output from Ocean Winds’ Moray West…

The London Stock Exchange (LSE) has lost 25% of its companies in the past decade, according to a Bloomberg report. In 2023, total listings on…

Edinburgh-based Carcinotech has raised £4.2 million as part of its latest funding round and has plans to expand into the United States later this year….

Scotland’s First Minister Humza Yousaf is in London this week to take part in a number of events in partnership with the City of London…

Edinburgh Council’s transport and environment committee is to discuss a “recommended” north-south tram line which would extend the existing tram network that links the capital city’s…

Renewable technologies have delivered more electricity than Scotland uses for first time, according to the Scottish Government. It said new statistics show that renewable technologies generated…

Abertay University in Dundee announced it is to be the scientific lead in a €3.8 million study into European video game clusters. It said the…

Aberdeen-based FirstGroup plc announced it has signed an agreement to acquire York Pullman Bus Company Ltd, a business comprising five coach services brands. “York Pullman…

Lloyds Banking Group (LBG) — parent firm of Bank of Scotland, Scottish Widows and Halifax — is to cut 1,600 staff from its branch network…

By Mark McSherry The next UK government is likely to face “some of the most difficult economic and fiscal choices the UK has faced outside…

International tourism in Scotland is recovering at a stronger rate than other UK nations and regions, new figures from the UK’s Office of National Statistics…

Mid-market private equity investment activity in Scotland in 2023 fell slightly compared to the record high of 2022, according to KPMG UK’s latest Mid-market Private…

Scottish investment firm Baillie Gifford is preparing to axe dozens of jobs as part of an ongoing cost review, according to a Bloomberg report. The…

Edinburgh investment giant Abrdn plc confirmed on Wednesday it will axe 500 jobs as part of a “new transformation programme targeting an annualised cost reduction…

Aberdeenshire project management and integration company Camm-Pro said it has secured a multi million pound contract with bp to deliver a major new piece of the UK’s…

Edinburgh-based investment giant Abrdn is planning to axe hundreds of jobs as part of a move to cut about £150 million in costs. Sources said Abrdn…

Glasgow-based fashion firm Quiz plc published an update on trading for the period between December 1 and December 31, 2023, and its current cash position. “Consistent with…

The Scotland and Northern Ireland team of the Business Growth Fund (BGF) has reported another “strong” year in 2023, delivering five successful exits and investing…

The £630 million Baillie Gifford US Growth Trust plc said its share price and net asset value (NAV) returned 12.3% and 4.1% respectively for the six months…

UK central government borrowing in the financial year-to-December 2023 was £119.1 billion, £11.1 billion more than in the same nine-month period the previous year and…

The UK’s Financial Reporting Council (FRC) announced it has dropped its earlier proposals for revisions to the UK Corporate Governance Code “related to the role of…

WTW’s annual Pensions De-risking Report said the UK defined benefit pensions market is likely to see £80 billion in pension “de-risking” transactions take place in…

Kirk Dailly has been appointed as Head of the Business Services Group at Blackadders LLP, the Scottish law firm. As a partner at the firm…

More than 38,000 new businesses were set up in Scotland last year, according to new research from R3, the UK’s insolvency and restructuring trade body….

Edinburgh-based investment giant Baillie Gifford has appointed Amy Atack as a third managing partner and also four new regular partners, effective April 1. The firm’s other two…