Royal London hires chairman, searches for CEO
Royal London announced that its group CEO Phil Loney has decided to stand down by the end of 2019. “He is standing down to concentrate…
Royal London announced that its group CEO Phil Loney has decided to stand down by the end of 2019. “He is standing down to concentrate…
Wheatley Group — Scotland’s biggest social landlord — said on Monday it has secured an investment of £76.5 million that will enable it to build hundreds…
The European Union’s Court of Justice ruled on Monday that the UK government can unilaterally reverse its decision to leave the EU without consulting other…
Screen Scotland on Friday launches a tender process inviting proposals from private developers to lease, refurbish and operate a permanent world-class film and television production…
Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — said on Friday that chief executive officer Ian Curle…
The number of people working in Scotland’s tourism sector increased by 24,500 to 206,000 in the five years after the introduction of the National Tourism Strategy in…
Patrizia has agreed to sell 1 Tanfield, the large office building in Canonmills, Edinburgh, to Greenridge Investment Management for about £65.5 million, according to trade…
Royal Bank of Scotland on Thursday updated its shareholders on the legal process for its plans to move up to £13 billion worth of business…
The value of Scotland’s goods exports to the European Union rose 18% to £15.7 billion in the year to September 2018, new HMRC trade statistics…
The Scottish Parliament has rejected the UK Government’s draft Brexit deal and has ruled out a ‘no deal’ Brexit option. Constitutional Relations Secretary Michael Russell…
Network Rail announced that Story Contracting has won a framework contract to deliver up to £135 million of renewal and enhancement projects in Scotland over…
UPDATE 2 — Shares of Perth-based bus and rail giant Stagecoach rose at least 15% on Wednesday after it said it is considering a possible sale…
Glasgow-based cloud computing firm Iomart Group plc said on Tuesday its revenue grew 8% to £50.9 million and adjusted profit before tax rose 7% to £12.4 million…
The European Court of Justice’s advocate general said on Tuesday the UK has the legal right to unilaterally withdraw its Brexit notice from the European…
North Sea exploration firm EnQuest said on Monday it completed the acquisition of the remaining 75% interest in the Magnus oil field, an additional 9 % interest…
North Yorkshire-based power company Drax said on Monday it reached agreement with Iberdrola on revised terms for the £702 million acquisition of Scottish Power’s portfolio of…
Manchester-based Co-operative Bank announced on Wednesday the appointment of Donald Kerr to the new role of Managing Director, SME Banking, as part of its bid…
Recruitment by oil and gas contractors in the UK Continental Shelf (UKCS) is on the rise as business confidence in the sector reaches its highest…
Glasgow-based drinks giant Edrington — owner of Scotch whisky brands The Macallan and Highland Park — said on Wednesday it sold the Cutty Sark Scotch Whisky brand to…
Aberdeen-based Faroe Petroleum on Tuesday urged its shareholders to reject a £608 million hostile bid from Norwegian oil and gas company DNO, saying the offer “is opportunistic and…
The Scottish Funding Council (SFC) on Tuesday announced the appointment of Karen Watt as its new chief executive. The SFC invests around £1.8 billion a…
Glasgow-based fashion firm Quiz said on Tuesday its revenue rose 19% to £66.7 million in the six months to September 30 “despite challenging market conditions” while…
The UK Government’s draft Brexit agreement could cost Scotland £1,600 per person, according to analysis from the Scottish Government. The analysis said the proposal, still…
The Port of Cromarty Firth in Invergordon has announced a £30 million quayside expansion that will generate 140 new jobs across the Highlands and Islands….
UPDATE 3 — Aberdeen-based Faroe Petroleum on Monday urged shareholders to “take no action” in response to a £608 million hostile bid for Faroe from Norwegian…
Producers of Scottish salmon, the UK’s largest food export, said on Friday they are seeking reassurances that the draft Brexit deal will not link fishing…
BP on Friday announced the first oil production from the giant Clair Ridge project in the West of Shetland region. BP’s co-venturers are Shell, Chevron…
The UK’s draft Brexit deal is a “blind leap into the unknown” which leaves Scotland’s £16 billion EU-related export sector facing trade barriers and “years…
Edinburgh-based investment giant Aberdeen Standard Investments (ASI) said on Wednesday it intends to invest a further €2 billion in residential property by 2022. ASI is already…
The Scottish Government said it will invest a further £1 billion in rebuilding and refurbishing schools. Deputy First Minister John Swinney said the new funding, which…
The extent of Celtic’s contribution to the Scottish economy has been set out for the first time by a new independent report by the Fraser of…
Edinburgh-based John Menzies plc, the global aviation services firm, on Tuesday announced a trading update for the four months to October 31, 2018, saying it continues to…
UPDATE 2 — Shares of Clydesdale and Yorkshire Bank owner CYBG fell more than 15% on Tuesday after it said it increased underlying profit before tax…
TSB Bank announced that Debbie Crosbie, chief operating officer (COO) at Clydesdale and Yorkshire Bank owner CYBG, will join TSB as CEO in 2019. TSB…
Grangemouth refinery operator Ineos confirmed on Sunday it is in talks with ConocoPhillips to acquire its assets in the North Sea — with industry analysts saying…
Johnston Press — the debt-laden owner of The Scotsman, the i newspaper, the Yorkshire Post and about 200 local newspapers and websites — said late on Friday…
A stock market sell-off across Britain’s financial markets this week wiped roughly £3 billion off Royal Bank of Scotland’s stock market value amid uncertainty around the viability…
Glasgow-based sausage skin and collagen products firm Devro said its chairman Gerard Hoetmer informed the board of his intention to retire as chairman at the AGM on…
Scottish companies have reported a sharp acceleration in growth of overall business and predict a further acceleration during the current quarter, according to the latest…
The Scottish Event Campus (SEC) in Glasgow said it has applied for planning permission in principle (PPIP) for a £200 million expansion of its facilities “with…
Trade body Oil & Gas UK has welcomed the news that Azinor Catalyst has struck oil at Agar-Plantain in the Northern North Sea as “promising proof…
The UK Government’s proposed Brexit deal is “essentially dead” because of “self-imposed draconian red lines,” according to the Scottish Government’s Constitutional Relations Secretary Michael Russell….
Royal Bank of Scotland (RBS) said on Wednesday that Alison Rose is to become the deputy CEO and a director of NatWest Holdings (NWH), the…
The United Kingdom’s latest offshore licensing round has attracted 36 applications covering 164 blocks in frontier areas of the UK Continental Shelf (UKCS), according to…
Perth-based energy giant SSE plc said on Wednesday “there is now some uncertainty” as to whether the merger of SSE’s retail unit with Innogy subsidiary Npower can be…
Spanish train manufacturing giant Talgo has announced that Longannet in Fife is its preferred location for a “train factory of the future,” creating at least 1,000…
The Scottish Government’s Constitutional Relations Secretary Michael Russell has said the “unnecessary” UK law curbing the powers of the Scottish Parliament is undermining devolution and…
Glasgow-based Aggreko, the world’s largest temporary power firm, on Tuesday published a trading update for the nine months to September 30, 2018. Aggreko said underlying group…
New research published by the Federation of Small Businesses (FSB) reveals that the contribution made to the Scottish economy by women-owned businesses increased by 76% from £5…
UPDATE 3 – Shares of Aberdeen-based bus and rail giant FirstGroup plc rose 11% on Tuesday after it appointed its chief financial officer Matthew Gregory…
Cruise Scotland said on Monday that Scottish ports are on course to welcome a million cruise passengers annually years ahead of original expectations after another record…
Output in Scotland’s private sector economy “expanded solidly” at the start of the fourth quarter, according to the latest Royal Bank of Scotland PMI. “New…
Wind turbines generated power at record levels across Scotland in October — with turbines generating the equivalent of 98% of all Scotland’s electricity demand or…
Aberdeen-based oil services and engineering giant Wood plc said it has been awarded three new contracts totaling $53 million by ADNOC Onshore, a subsidiary of…
The members of the group tasked with exploring all options for the Michelin site in Dundee and its workforce have been announced by Economy Secretary…
Perth-based energy giant SSE plc said late on Thursday it is in talks with Germany’s Innogy SE about potential changes to the terms of the merger…
The latest Royal Bank of Scotland Report on Jobs shows that permanent and short-term job vacancies continued to rise sharply in October — but staff availability…
The Oil and Gas Authority (OGA) said on Thursday the UK’s petroleum reserves “remain at a significant level which could sustain production for at least…
Aberdeenshire-based craft brewing firm BrewDog said it appointed former Diego executive David Gates as managing director of BrewDog Distilling. The appointment comes as BrewDog’s distilling…
There were an estimated 345,915 private sector businesses operating in Scotland as at March 2018 — representing a decrease of 8,830 businesses since March 2017…
Scotland’s renowned seed potato industry risks losing its 13.5% EU market share in a no deal Brexit scenario, Rural Affairs Minister Mairi Gougeon has warned….
Shares of Glasgow-based engineering giant Weir Group rose about 6% on Tuesday after it produced an interim management statement for the third quarter ending September 30 showing…
Michelin announced on Monday its intention to close its Dundee site — which employs 845 people — in 2020. The Dundee site opened in 1971…
ScottishPower — a subsidiary of Basque energy giant Iberdrola — on Monday unveiled what it called “the UK’s first end-to-end package electric vehicle ownership.” ScottishPower…
Barclays announced that Scottish banking veteran John McFarlane, 71, will retire as its chairman in May 2019, and that Nigel Higgins, deputy chairman of Rothschild…
Edinburgh Airport said it is hiking its drop off charges “to combat increased congestion on the main road into the airport … as plans for…
New statistics have confirmed the Scottish economy grew by 0.5% during the second quarter of 2018, unchanged from the first estimate. Compared to the same…
The pharmaceutical industry is worth roughly £1.7 billion to Scotland‘s economy and directly supports more than 5,000 jobs across the country, according to a new report by…
Edinburgh-based investment giant Standard Life Aberdeen plc on Tuesday confirmed recent speculation that former HSBC chairman Douglas Jardine Flint will succeed Gerry Grimstone as the…
The UK government said the Scottish government will benefit from nearly £1 billion of additional funding as a result of this year’s UK budget. Scotland will…