Articles by Mark McSherry





Rosyth shares in Babcock missile contract

Babcock International Group said it was awarded a contract from General Dynamics Electric Boat to manufacture 22 tactical missile tube assemblies for the UK Successor and…


Collagen Solutions expects 30% revenue jump

Glasgow-based Collagen Solutions, a manufacturer of medical grade collagen biomaterials, said in a trading statement it expects its revenue and other income to be £1.9 million for the…







Scots GDP grew 0.4% in second quarter

Scottish gross domestic product (GDP) grew 0.4% in the second quarter of 2016 — compared to 0.7% for the UK — according to statistics from Scotland’s Chief…


New Singapore team for Standard Life

Edinburgh-based global asset manager Standard Life Investments announced the appointment of a new team and CEO in Singapore, a big step in the firm’s global growth…







Scots Government supports Heathrow expansion

The Scottish Government has announced its support for a third runway at London’s Heathrow Airport, saying it has secured key commitments that benefit Scotland. It said the Heathrow expansion…



Pound plunges amid hard Brexit fears for UK

Sterling fell to a 31-year-low early on Friday with some traders blaming a “flash crash” that was triggered by computer-generated trading. With fears growing that the UK Government will…



Holyrood blocks underground coal gasification

The Scottish Government said it will not support underground coal gasification (UCG) developments in Scotland “following the publication of an independent report that highlights serious…


BrewDog founders change names to Elvis

James Watt and Martin Dickie, co-founders of Aberdeenshire-based craft beer firm BrewDog, said they have legally changed their names by deed poll to Elvis in…




Poor Scots cereal harvest predicted

Scotland’s 2016 cereal harvest is expected to fall 11% on 2015, with the country’s most important cereal crop Spring barley expected to fall 17% to 1.27…



Drum plans £100m Aberdeen retail park

Drum Property Group said it has submitted plans to expand its Prime Four Business Park at Kingswells, Aberdeen, with a £100 million investment in a new…


Three Scottish scientists win Nobel Prizes

Professor Fraser Stoddart, a graduate of The University of Edinburgh, was on Wednesday awarded a Nobel Prize in Chemistry. Stoddart’s award came a day after two…


Aberdeen among potential bidders for Pioneer

Aberdeen Asset Management is among the four potential bidders still in the running to buy UniCredit’s fund management business Pioneer which has about $246 billion of assets under management,…



Draft budget to be unveiled on December 15

Finance Secretary Derek Mackay told MSPs that, subject to parliamentary approval, the Scottish Government’s 2017-18 Draft Budget will be introduced to the Scottish Parliament on…


IMF says world economy has moved sideways

The International Monetary Fund warned that persistent stagnation could fuel populist calls for restrictions on trade and immigration that could hamper productivity, growth and innovation around the…



Weir appoints Heasley as chief financial officer

Glasgow-based engineering company Weir Group appointed John Heasley as chief financial officer with immediate effect. Heasley succeeds Jon Stanton who was appointed Weir Group chief executive on…


Cala revenue up 15% to £587m

Upmarket home builder Cala Group said its revenue rose 15% to £587.1 million and profit before tax — before exceptional items — jumped 18% £60.1 million in…


Highland Spring sales up 3% to £103m

Bottled water firm Highland Spring Group said sales increased 3% to £103 million and operating profit rose to £5 million in the year to December 31, 2015. Highland Spring chief executive…




Sea fishing haul falls 15% to £437m

The value of sea fish and shellfish landed by Scottish registered vessels in 2015 fell by 15% in real terms to £437 million and the quantity fell…



Scotmid half-year turnover up to £185m

Scotmid Co-operative said its turnover rose £4 million to £185 million in the 26 weeks to July 30 and trading profit was in line with last year at £2 million…



Arnold Clark turnover hits record £3.35bn

Glasgow-based Arnold Clark Automobiles, Scotland’s biggest privately-owned company, said its turnover rose 2.2% in 2015 to a record £3.35 billion. Operating profit rose 1.7% to £121.7 million…


Neilly joins Aberdeen as global head of strategy

Aberdeen Asset Management confirmed that former Cantor Fitzgerald Europe joint chief executive Gordon Neilly has joined the fund management firm as global head of strategy. Neilly reports…








Standard Life to reopen UK Real Estate Fund

Edinburgh-based Standard Life Investments (SLI) said it will reopen its suspended UK Real Estate Fund and associated feeder funds from 12 noon on Monday, October 17. The…



Maersk splits in two and focuses on North Sea

Copenhagen-based shipping container and oil conglomerate A.P. Møller-Mærsk said it will split into two separate businesses — forming a transport and logistics company and a separate energy business that will focus…




Walmsley to be CEO at GlaxoSmithKline

GlaxoSmithKline announced that Emma Walmsley, currently CEO of GSK’s consumer healthcare division, has been appointed GSK’s CEO designate and will succeed Andrew Witty as CEO when he…


Smart Metering revenue up 25% to £32.3m

Glasgow-based Smart Metering Systems (SMS) said its revenue rose 25% to £32.3 million and its statutory profit before tax jumped 23% to £9.1 million in the half year ended…