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…
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…
Financial and related professional services exports from Scotland increased 3.1% year on year in 2021 to £9.2 billion, according to a new report from TheCityUK called…
Edinburgh-based oil and gas firm Capricorn Energy has announced the postponement of its “Detailed Operational Update” previously planned for November 30, 2023. “This is due to…
Scottish Enterprise (SE) said its figures for the 2022-23 financial year reveal it has supported the highest-ever number of academic spin outs via its High…
Salaries paid to newly-placed permanent staff in Scotland continued to increase at a “marked pace” in October, according to the latest Royal Bank of Scotland…
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…
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…
Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, said on Tuesday it is considering the appointment of administrators over the…
Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, announced that it has signed a new affordable housing contract worth £6.1 million…
By Mark McSherry Edinburgh-based investment giant Baillie Gifford revealed on Monday that its assets under management and advice have fallen again — this time to…
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….
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…
Forth Green Freeport said it has appointed former banker Susan Rice as its inaugural independent chair to oversee the delivery and governance of the consortium’s…
Scotch Whisky firm William Grant & Sons — maker of Glenfiddich and The Balvenie — has announced the appointment of Søren Hagh as chief executive…
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)…
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…
Offshore Energies UK (OEUK), the trade body for the sector, welcomed the offer of new oil and gas licences by the North Sea Transition Authority…
Scotland’s £42 million national Techscaler network is being expanded to support more of the country’s most promising young technology companies. A partnership with Borders organisation…
Scotland’s banking sector has agreed on a plan to ensure every Scot is offered a basic bank account. The agreement is part of “Scotland’s new…
Shares of NatWest – formerly called RBS – fell as much as 18% on Friday after a profit downgrade in its third quarter results and further…
Trade body Scottish Financial Enterprise (SFE) has launched “Scotland’s new vision for financial services: a sector growth strategy using our technology and ecosystem advantage.” The plan aims to unlock…
Scottish Government projections suggest it cannot afford to pay for public services in their current form, according to the Stephen Boyle, Auditor General for Scotland. Audit…
Weir Group, the Glasgow-based global engineering and mining giant, announced that Penny Freer has been appointed to its board as an independent non-executive director with…
Edinburgh-based investment giant Abrdn plc announced that its US subsidiary, Abrdn Inc, has entered into an agreement with First Trust Advisors L.P. to acquire the assets…
National Galleries of Scotland announced the appointment of Anne Lyden as its new Director-General. Lyden was most recently Interim Co-Director of Collection and Research. She…
A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers, has announces the acquisition of the Rio soft drinks brand through the…
Total assets under management (AUM) at the world’s 500 largest asset managers amounted to $113.7 trillion at the end of 2022, according to new research…
International travellers to Scotland made 1.2 million visits to the country in the second quarter of 2023 and spent a record £1 billion, according to quarterly…
Scotland’s First Minister Humza Yousaf told the SNP Conference in Aberdeen that Scotland is to go directly to the international bond market for the first…
SSE Renewables and its partner TotalEnergies have announced all turbines at the 1.1GW Seagreen Offshore Wind Farm off the coast of Scotland are now fully…
Edinburgh investment giant Abrdn announced it agreed to sell its £7.5 billion-asset European headquartered private equity business to Nasdaq-listed Patria Investments. Abrdn manages and administers…
Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, said on Monday it “is now in advanced discussions with a new…
Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, announced that it has signed a binding agreement for the sale of 9.5…
Edinburgh-based venture capital firm Par Equity has announced the launch of its £100 million venture fund to bridge the gap between VC funding in the…
The Hunter Foundation, in partnership with the Scottish National Investment Bank (SNIB), has opened up applications for its second ScaleupScotland2.0 programme for highly ambitious, scaling…
Edinburgh-based digital forensic firm Cyacomb, which uses cutting edge technology to detect and block harmful online content, has received a funding package totalling £3.8 million….
Aberdeen-based independent energy services company THREE60 Energy said it has acquired Pryme Group and Flexlife “to create a £200 million industrially diversified global business with…
Standard Life, part of Phoenix Group, said it has concluded a £335 million Bulk Purchase Annuity (BPA) transaction with the London Stock Exchange Group Pension…
Edinburgh, Fife and Mid and West Lothian is one of the UK’s top innovation clusters outside the golden triangle of London, Oxford and Cambridge, according to…
Shares of Aberdeen-headquartered transport giant FirstGroup plc rose about 4% after it published an update on trading for the 27 weeks to September 30, 2023. On…
The availability of candidates to fill permanent job roles in Scotland decreased again during September – stretching the current period of decline that began in…
Glasgow-based cloud computing firm Iomart Group said on Wednesday it anticipates reporting revenue growth of 18% to £62 million for the six months ended September 30,…
Shares of Linlithgow-based telecoms testing and measurement firm Calnex Solutions plc fell about 30% after it published a stark update on trading and outlook for the full…
Glasgow-based Alba Bank – the UK’s newest challenger bank dedicated to supporting SMEs – announced that it will partner with Mambu’s cloud banking platform to manage…
Banks Renewables announced it is expecting to invest over £100 million in developing Pond Energy Park, which will see a section of an industrial park…
Climate activists gathered outside the Edinburgh headquarters of investment giant Abrdn on Thursday to demand that the asset manager “immediately deny debt to companies expanding…
Production of Atlantic salmon by Scottish fish farms fell by 36,199 tonnes or 18% to 169,194 tonnes in 2022, the Scottish Government said. The total…
The British Business Bank has launched a new £150 million Investment Fund for Scotland, unlocking additional funding to help smaller businesses prosper. The fund includes a…
Associated British Ports (ABP) has announced a deal to investigate an area “for the development of infrastructure to support offshore wind (OSW) manufacturing, assembly and…
SSE plc, the Perth-based electricity infrastructure giant, has reported that its renewables performance remains below expectations, with output around 19% behind plan for the six…
Boston-based HighVista Strategies LLC, an alternative asset manager investing in private and public markets, announced the completion of its acquisition of the US private markets…
Edinburgh-based Martin Currie, the active equity specialist with £16.7 billion in assets under management, announced that Jen Mair has been named chief executive officer (CEO). She…
Shares of Beeks Financial Cloud Group plc, the Glasgow-based cloud and connectivity provider for financial markets, rose about 6% after it published final results for the…
Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, has warned of a “potential administration appointment” after a prospective investor withdrew…
Walker’s Shortbread announced that its annual turnover rose 16% to £164.6 million in the year ended December 31, 2022. The Aberlour-based business revealed growth fuelled…
Martin Gilbert’s asset manager AssetCo has confirmed the completion of its acquisition of Ocean Dial Asset Management Limited from Avendus Capital Asset Management (UK) Limited. This…
Macfarlane Group, the Glasgow-based packaging, design and distribution firm, announced the acquisition of B&D 2010 Group Limited, a specialist protective packaging business based in the…
Scotgold Resources Limited, which owns the Cononish Gold and Silver Mine near Tyndrum, said on Friday it placed the majority of its employees on short term…
Glasgow-based sensor specialist startup Neuranics has secured a $2.3 million investment led by Par Equity. GU Holdings, the investment company for the University of Glasgow,…
Growth capital investor BGF has completed a £4.5 million investment in Stellar Omada, a fast-growing Edinburgh-headquartered technology services company that serves the financial services sector….
Lothian Pension Fund (LPF) and Falkirk Council Pension Fund (FCPF) announced they will not be progressing with their proposed merger. Lothian Pension Fund has over £9.6…
The Scottish Government no longer expects to have enough money to deliver all its planned £26 billion investment in public sector infrastructure, according to Audit…
The Scottish National Investment Bank said it has “evolved into an ambitious, active impact investor” as it published its second full year accounts. The bank said…
The UK’s North Sea Transition Authority (NSTA) said it has granted development and production consent to Equinor and Ithaca Energy for the controversial Rosebank oil…
The number of first-time home buyers in Scotland fell 14% between January and August 2023 compared to the same period in 2022, according to the latest…
A.G. Barr, the Cumbernauld-based maker of Irn-Bru, Rubicon energy drinks and Funkin cocktail mixers, said its revenue was £210.4 million in the 26 weeks to July…
Standard Life, part of Phoenix Group, said it has partnered with Moneyhub, the open banking and open finance platform, to deliver its pensions dashboard. Standard…
Scotmid CEO John Brodie is to retire in August 2024 after 20 years at the helm. “John has been with Scotmid for over 30 years,…
Food and drink wholesaler JW Filshill, one of Scotland’s oldest food and drink wholesalers, has reported that its turnover increased 2% to £203 million in…
The British Business Bank, the UK government’s economic development bank, has reported a loss of £135.3 million for 2022-23 in a year that it made a…