Wood wins big contracts in North Sea, Mediterranean
John Wood Group, the Aberdeen-based global engineering and consulting giant, has announced two important developments for the company. Wood said it has been awarded a…
John Wood Group, the Aberdeen-based global engineering and consulting giant, has announced two important developments for the company. Wood said it has been awarded a…
SSEN Transmission, the 75%-owned subsidiary of Perth-based electricity infrastructure giant SSE plc, has successfully issued a £500 million 20-year green bond maturing on January 15,…
Manchester based property company AM Sci Tech – a subsidiary of Hurstwood Holdings – has finalised one of the most significant property deals in the…
Edinburgh investment giant Abrdn said its Concession Infrastructure business, a long-term investor in infrastructure projects across the world, has made a strategic investment in France’s NGE…
Aberdeen-based housebuilder Stewart Milne Group has appointed administrators, with over 200 employees being made redundant. The company announced in April 2022 it was embarking on a…
VisitScotland CEO Malcolm Roughead is to retire after more than 20 years with the national tourism organisation. VisitScotland said a recruitment process for a new chief…
John Wood Group, the Aberdeen-based engineering and consulting giant, said it secured a contract from HD Hyundai Heavy Industries for detailed engineering of the topsides…
Forres-based orbital launch services company Orbex announced the appointment of two tech and space sector stalwarts as the firm’s new CEO and executive chair. Entrepreneur and…
Edinburgh-based cancer therapeutics development specialist Cumulus Oncology has secured a £9 million funding package, which includes £6 million from the Scottish National Investment Bank. Cumulus…
The latest Royal Bank of Scotland Report on Jobs survey has yet again reported that permanent staff availability across Scotland fell in December — stretching…
Aberdeen-based North Sea oil and gas producer Ithaca Energy Plc said CEO Alan Bruce is stepping down “to pursue new opportunities.” Bruce oversaw Ithaca Energy’s…
LDC, the private equity investor which is part of Lloyds Banking Group, said it has made a significant investment in Kick ICT, Scotland’s largest independent…
Royal London is considering a bid to buy the Scottish Widows £6 billion bulk annuities portfolio being sold by Widows parent Lloyds Banking Group (LBG),…
The outgoing head of the UK’s Debt Management Office (DMO) has warned that Westminster politicians should be wary of provoking a backlash in financial markets by…
Stagecoach founder Brian Souter has been “extensively courted” in recent months by the SNP after distancing himself from the party during Nicola Sturgeon’s time in…
Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), announced it has acquired the trade and assets of US-based Single Cask…
Royal London has announced big changes to its board as its two longest-serving non-executive directors, Ian Dilks and Sally Bridgeland, retire. Dilks was appointed to…
Investment bank Peel Hunt has published a note warning that London’s stock market could shrink further in 2024 amid takeovers by foreign buyers and because…
The Scottish Greens said they have written to the Scottish Government’s Rural Affairs secretary Mairi Gougeon calling for urgent talks on tackling “problems” in Scotland’s…
HSBC has joined a number of rival high street banks competing to buy Edinburgh-based Tesco Bank as the bank’s supermarket owner starts a new effort…
The Scottish Government announced that 35 crofters and their families have received grant funding totalling over £1 million over the past year to build and…
Alliance Trust plc, the £3.4 billion Dundee fund, announced that Gregor Stewart will retire from the board and as chair of the investment trust company…
The first businesses on Fair Isle have been connected to full fibre almost two years ahead of schedule, the Scottish Government announced. A subsea fibre…
The average rent of newly listed homes across Scotland has increased sharply in the past year, according to research by property firm Rettie. “As of…
Palo Alto-based precision oncology company Guardant Health, Inc. announced it has entered into a common stock purchase agreement with Edinburgh-based investment giant Baillie Gifford for…
Edinburgh-based investment syndicate Archangels said it invested more than £13.8m during 2023 in 11 of Scotland’s most promising early-stage tech and life science companies. The…
SSE plc, the Perth-based electricity infrastructure giant, announced that Catherine Raw, managing director of its SSE Thermal business, will leave on April 12, 2024, to…
Scotland’s annual net migration from the rest of the UK continued to grow in the year to mid-2021, latest figures show. Scotland’s population was 5,436,600…
French oil and gas company TotalEnergies announced it has signed an agreement with Thailand’s national oil and gas company PTTEP for the sale of a…
Shareholders of Glasgow-based Smart Metering Systems plc (SMS) who say they represent 17.8% of the firm’s issued share capital have announced they will vote against…
UK government borrowing in the financial year to November 2023 was £116.4 billion, £24.4 billion more than in the same eight-month period last year and…
The head of the economic regulator of Scottish Water has left his job after Audit Scotland said it found “unacceptable use of public funds” by senior…
Proposed new rules to encourage companies to list their shares in the UK — and for the regulation of bond and derivatives trade information — have…
Abrdn and Pimco are betting that increasing their investments in UK government debt securities will bring bigger returns than buying into US Treasuries amid an increasing risk…
John Wood Group, the Aberdeen-based engineering and consulting giant, has announced changes to its executive committee with the appointment of two new executive leaders. Marla Storm…
The Scottish Government has published the Scottish Budget for 2024 to 2025, with measures that include a new tax band of 45p in the pound that…
Troubled Thurso-based battery cell developer AMTE Power has announced its intention to appoint administrators and request the suspension of trading in its shares on AIM….
Weir Group, the Glasgow-based global mining and engineering giant, has announced board changes and the establishment of a new board committee. The FTSE 100 company…
Edinburgh-based oil and gas firm Capricorn Energy announced it will acquire a stake in the Columbus gas field in the UK Central North Sea under a…
Elbow Beach Capital, the decarbonisation, sustainability and social impact investor, has announced a £1 million follow-on investment in Munro Vehicles, the Glasgow-based manufacturer of all-electric 4×4…
The SaxaVord Spaceport on the North Coast of the Shetland Islands has received a licence from the UK Civil Aviation Authority. The Shetland spaceport will now…
A new report from the Fraser of Allander Institute (FAI) think tank has revealed that Scotland’s renewable energy industry and its supply chain supported more than…
Edinburgh investment group Abrdn has confirmed media reports that it has slashed employee benefits as part of a fresh round of cost cuts. The cuts include…
The UK’s Institute for Fiscal Studies (IFS) has said the Scottish Government’s “generous” provision of free university tuition and non-repayable bursaries will soon become “increasingly…
The Fraser of Allander Institute (FAI) think tank has said the Scottish Government faces a £1.5 billion shortfall in funding for next year “due to…
The £336 million investment trust Abrdn Diversified Income and Growth plc (ADIG) announced that amid the fund’s “entrenched discount to net asset value” its board has…
National Grid announced that Eastern Green Link 1 Ltd — which is creating a subsea transmission cable from Torness in East Lothian to County Durham in…
Baillie Gifford’s £2.4 billion Monks Investment Trust plc announced that it has issued £74 million of fixed rate, senior, unsecured privately placed notes, denominated in Euros…
The Association of Investment Companies (AIC) said investment trusts have reported a record year for share buybacks, with £3.57 billion of shares repurchased in the year…
PwC UK’s latest Green Jobs Barometer shows that Scotland continues to lead the way in the creation of green jobs, with the highest proportion of…
Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, has warned that the country’s undersupply of housing “is becoming more acute.”…
The unemployment rate in Scotland has fallen to 3.8% and a record number of people are in work, according to the latest figures from the…
Edinburgh-based Murray Capital said turnover for the group from continued operations was £84.3 million in the year to June 2023, down 4% on the previous…
The latest Royal Bank of Scotland PMI report has revealed that Scottish firms continued to increase their workforce numbers in November — and at the strongest…
Abrdn has announced a new initiative to “demonstrate its commitment” to the range of UK listed closed-ended funds that it manages — by investing an…
The latest Royal Bank of Scotland Report on Jobs survey has revealed to a renewed rise in hiring activity across Scotland in November. Mild expansions…
The EICC Edinburgh conference venue said it has secured a string of major conference wins in the last quarter which will take place over the…
Scottish businesses are continuing to report high vacancy levels and difficulties in finding new staff due to skill shortages, according to according to the latest…
Shares of Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), fell more than 10% after it published an “update…
By Mark McSherry Baillie Gifford’s £2.4 billion Monks Investment Trust plc said it has continued with “a run of poor relative returns that began two years…
Forth Ports announced that its group chief executive Charles Hammond has decided to step down from his role leading the UK’s third largest ports group…
FinTech Scotland has announced the launch of the Financial Regulation Innovation Lab (FRIL), which it calls “a dynamic initiative set to revolutionise and shape the…
Lloyds Banking Group (LBG) has hired AJ Bell’s Managing Director of D2C and Investments Kevin Doran to take up the newly-created role of chief investment officer for…
Glasgow-based Smart Metering Systems plc (SMS) said on Thursday a company owned by funds advised by US-based private equity firm KKR and its affiliates will take…
The recovery in global markets during November tempted UK investors back into stock and bond funds for the first time in months, according to the…
Weir Group, the Glasgow-based global mining and engineering giant, told its investors on Wednesday it has set a target to achieve an operating margin of 20%…
Perth-based transport giant Stagecoach, currently owned by Deutsche Bank-controlled investment firm DWS, said on Wednesday its revenue rose about 15% to £773.2 million in the…
Trading in the shares of small company shares on the London Stock Exchange was halted twice on Tuesday due to outages — the second time in…
Shares of struggling Glasgow-based fashion firm Quiz plc fell another 20% after it announced a “review of strategic options” to be led by non-executive chairman…
Glasgow-based cloud computing firm Iomart Group said it has agreed to acquire Accesspoint Group Holdings Limited, the holding company of Accesspoint Technologies Limited. Based in North…