Scots exports up to £30bn but sales to UK fall
Scotland’s international exports — excluding oil and gas — increased by 1.6% to £29.8 billion in 2016, according to Scotland’s chief statistician. However exports to the…
Scotland’s international exports — excluding oil and gas — increased by 1.6% to £29.8 billion in 2016, according to Scotland’s chief statistician. However exports to the…
Royal Bank of Scotland Group said it will leave its current London headquarters by the end of 2019 in a cost-cutting move, according to a…
A record number of people used Highlands and Islands Airports Ltd (HIAL) airports in 2017, with the group reporting 1,722,913 journeys during the year. The…
AGS Airports Ltd, which owns Glasgow Airport, Aberdeen International Airport and Southampton Airport, confirmed that Derek Provan will succeed Amanda McMillan as both CEO of…
The pension fund of the Royal Bank of Scotland has acquired the headquarters of the National Air Traffic Control Services (NATS), according to a report…
Edinburgh-based upmarket home builder Cala Group said on Monday that a positive first-half trading performance is expected to lead to record revenues and profits for full-year…
Shares of East Kilbride-based Goals Soccer Centres fell 8% after it said in a trading update that it anticipates profits for 2017 will be “broadly in line with…
Latest statistics from the UK’s Office of National Statistics (ONS) show the number of overseas tourists visiting Scotland increased 15% in the 12 months to…
The latest Scottish Chambers of Commerce’s Quarterly Economic Indicator survey showed Scottish firms continuing to display resilience amid economic uncertainty — and found growing optimism within…
V&A Dundee, Scotland’s first design museum, announced it will open to the public on Saturday, September 15, 2018. It will be the only V&A museum…
Investment in Scottish hotels in 2017 reached £195 million involving 23 deals — a 60% increase on the total investment volume recorded in 2016, according to…
UPDATE 3 — Global asset management giant Franklin Resources, Inc, operating as Franklin Templeton Investments, has agreed to acquire Sandy Nairn’s independent fund management firm Edinburgh…
The Scottish economy grew 0.2% during the third quarter of 2017, according to gross domestic product (GDP) statistics announced by Scotland’s Chief Statistician. During the…
Swiss private bank Julius Baer International announced the appointment of Calum Brewster as its Edinburgh-based Managing Director, Head of UK Regional Offices. Brewster’s appointment follows…
Twenty14 Holdings (T14H), the hospitality investment arm of Abu Dhabi-based Lulu Group International, has completed the $120 million acquisition of the Waldorf Astoria Edinburgh – The…
A new “economic impact analysis” by the Scottish Government said that a failure of the UK to remain in the Single Market or to secure a…
Royal Dutch Shell plc has made one of its biggest commitments to the UK North Sea in 30 years, with plans to redevelop the Penguins oil…
More than 13 million passengers used Edinburgh Airport in 2017, making it the busiest ever year for a Scottish airport. Passenger numbers were up 8.6%…
North Sea producer Premier Oil gave a positive update on progress at its flagship North Sea development, the Catcher field, 174 km off the coast of…
The Scottish Government said it has begun preparations to introduce an EU Continuity Bill to prepare Scotland’s laws for Brexit after UK Government legislation was…
Glasgow-based fashion firm Quiz said its Christmas trading was in line with expectations with a 31.9% increase in group revenue for the seven-week period from November 19,…
Annual statistics compiled by Dundee-based Tayside Solicitors Property Centre (TSPC) show it handled the sale of homes worth £438.5 million in 2017. The TSPC and…
CBI Scotland announced that Tracy Black has taken over from Hugh Aitken as the CBI’s Director for Scotland as of January 1. Aitken will remain…
Edinburgh-based video security company IndigoVision said Pedro Simoes has been confirmed as its chief executive officer and has joined the board as an executive director with…
Grangemouth refinery operator Ineos said on Tuesday it will seek a judicial review of the recent decision by the Scottish Government to “effectively ban” fracking. Ineos…
Shares of Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, rose about 6% on Monday after a positive trading update for the six months ended…
The UK’s Financial Conduct Authority (FCA) said it imposed a financial penalty of £250,000 on former Royal Bank of Scotland (RBS) interest rate derivatives trader,…
Scotland’s First Minister Nicola Sturgeon said the first few months of 2018 are a “window of opportunity” for those working to protect Scotland’s place in Europe…
Around 58% of employees at Scottish seafood processing businesses are from the non-UK European Economic Area (EEA), according to a new report. This demonstrates how…
LGIM Real Assets (Legal & General) has acquired Atlantic Quay 3, the central Glasgow Scottish court and tribunal building, from the Moorfield Group for £50…
1825, Standard life’s financial planning business, has agreed to acquire Cumberland Place Financial Management Ltd which has assets under advice of £400 million. The acquisition…
Royal Bank of Scotland (RBS) has sold offshore loans held by its Lombard Finance subsidiary to specialist lenders Investec and Shawbrook Bank, according to a…
Edinburgh-based Bachmann & Welser Capital Limited, a provider of trade finance and project finance, announced the completion of an $750 million equity capital raise and additional commitments…
Global Infrastructure Partners (GIP) has explored a possible sale of Edinburgh Airport — with investment bankers saying it could fetch up to £2 billion, according…
Aberdeen corporate finance expert Tom Faichnie has predicted the Granite City will experience a surge in merger and acquisition deal activity in 2018. Faichnie, managing…
The Co-op has announced plans to open 100 new food stores across the UK in 2018, creating 1,600 jobs. The Manchester-based community retailer will invest…
Grangemouth refinery operator Ineos said all restrictions on the flow of oil and gas from platforms feeding into its crucial North Sea Forties Pipeline System…
Shareholder groups ShareSoc and the UK Shareholders’ Association (UKSA) have launched a second attempt to force taxpayer-owned Royal Bank of Scotland to create a shareholder committee…
3i Infrastructure plc said it agreed to increase its investment in Bellshill-based Wireless Infrastructure Group (WIG) and to acquire the stake owned by Barings LLC’s…
Archangels, the Edinburgh-based business angel investment syndicate, has celebrated its 25th anniversary in 2017 by leading a record level of investment in Scottish early stage…
Edinburgh-based think tank Reform Scotland has released a briefing paper which says constant discussion about nationalising ScotRail “is a meaningless distraction.” The report called “On The Right…
Grangemouth refinery operator Ineos said it has partially re-started its Kinneil facility following the dramatic shut down of its crucial North Sea Forties Pipeline and the Kinneil…
Shares of North Sea producer Premier Oil jumped 5% after it said it achieved first oil from the Catcher field, 174 km off the coast of Aberdeen….
Grangemouth refinery operator Ineos said on Christmas Day that it expects to bring its crucial North Sea Forties Pipeline and its Kinneil facility “progressively back to…
Swedish space tech company ÅAC Microtec AB announced a share sale and purchase agreement to acquire 100% of the shares in Glasgow-based small satellite maker…
California Attorney General Xavier Becerra announced a $125 million settlement with the Royal Bank of Scotland (RBS) over misrepresentations about residential mortgage-backed securities sold to California’s…
Grangemouth refinery operator Ineos said it expects to complete the repair of its crucial North Sea Forties Pipeline “around Christmas” and “bring the pipeline progressively back…
The Royal Bank of Scotland Group plc announced Sandy Crombie will step down as a non-executive director of RBS and as Senior Independent Director and…
The Scottish Government said Scotland is on track for a record year of renewable electricity generation, with output in the first three quarters of 2017…
Scottish businesses are preparing for their fastest period of growth in nearly four years, according to the latest Royal Bank of Scotland Business Monitor. The…
Bruce Cartwright, former PwC partner and head of corporate restructuring, Scotland, has been appointed as the new chief executive of Edinburgh-based ICAS, the global professional…
Spending on business research and development in Scotland exceeded £1 billion in 2016 for the first time ever, according to data published by Scotland’s Chief…
Merger and acquisition (M&A) activity on the UK Continental Shelf (UKCS) has exceeded $8 billion this year “in a clear sign that confidence is gradually…
Elgin-based housebuilder Springfield Properties said in a trading update it continued to make advances with the development of new villages it is building in the…
Passenger numbers and revenue increased over the past year at ferry operator David MacBrayne Ltd (DML), according to the company’s annual report and accounts. DML…
Leith-based Forth Ports said its Port of Tilbury business, London’s major port, submitted an application for a development consent order (DCO) to the UK Planning Inspectorate…
Edinburgh-based property firm Lomond Capital announced its second acquisition in two weeks as it continues to expand in the UK Private Rental Sector (PRS). The acquisition…
Babcock subsidiary Cavendish Nuclear and its supplier Jordan Manufacturing have been awarded a 10-year contract worth up to £95 million to supply Sellafield Ltd with…
Standard Life Aberdeen said assets under management at its fund management business Aberdeen Standard Investments fell £10.9 billion to £569.7 billion in the nine months to…
The Fraser of Allander Institute (FAI) said that for many “the big story” of Thursday’s Budget won’t be the tax and spending announcements of the Scottish…
Ineos has declared force majeure on all shipments of crude oil, natural gas and condensates through its North Sea Forties Pipeline System that has shut…
Finance Secretary Derek Mackay has published proposals to reform income tax in Scotland, with plans to introduce a new 19% starter rate of tax, a 21%…
The Scottish Government said every home and business in Scotland will have access to superfast broadband by 2021 as a result of a £600 million…
Trade body Oil & Gas UK said the shutdown by Ineos of its North Sea Forties Pipeline System has caused “significant issues” for the industry and that…
Unemployment in Scotland edged 0.3% higher to 4.1% in the three months to October while the UK rate fell 0.1% to 4.3%, according to the Office for…
Shares of Aberdeen-based oil and engineering giant Wood plc — which recently completed the £2.2 billion acquisition of rival firm Amec Foster Wheeler (AFW) — fell 7%…
The Scottish Government’s chief economist Gary Gillespie has published an updated assessment, helped by advice from the Council of Economic Advisers, on the potential impact…
A report by the UK’s National Audit Office (NAO) on the Edinburgh-based Green Investment Bank (GIB) said the UK government department involved with the bank…
The average selling price of two bedroom flats in Edinburgh’s New Town and West End has soared 26.9% over the last three months, according to…
The Scottish Government said more than 70,000 affordable homes have been delivered since 2007 — a total of 48,813 homes for social rent, including 8,819…