Tax cut required ‘for future of oil and gas’
Oil & Gas UK’s 2016 activity survey published on Tuesday said exploration remains at an all-time low “with no sign of improving” and that a collapse…
Oil & Gas UK’s 2016 activity survey published on Tuesday said exploration remains at an all-time low “with no sign of improving” and that a collapse…
Aberdeen-based oil and gas services company Wood Group said on Tuesday it suffered a sharp decline in revenue and profit in 2015 as low oil prices and…
The Scottish Government said on Monday it made progress in talks with the Island Councils on proposals for a deal which aims to enhance local democracy…
Professor Sally Mapstone, the pro-vice-chancellor for education at the University of Oxford, is to be the next principal of the University of St Andrews. Mapstone, 58,…
Senior executives from the European Investment Bank (EIB), the world’s largest international public bank, are in Scotland this week to outline new financing opportunities for Scottish businesses and unveil…
Ten major UK cities outside of London including Glasgow, Manchester, Newcastle, Birmingham and Cardiff will join forces and fight to keep the UK in the EU, according to a…
Trade body ScotlandIS called on all political parties to focus on fostering growth in digital technologies as it launched its manifesto ahead of the Scottish…
The Forth Road Bridge is to fully reopen on Saturday at 11pm, the Scottish Government said. Transport minister Derek Mackay said repairs to the damaged main…
The Scotch Whisky Association (SWA) has called for a further 2% cut in excise duty in next month’s budget, stressing the industry’s importance to the Scottish…
Gerry Grimstone, chairman of Edinburgh-based investment, pensions and insurance giant Standard Life, said on Friday it would be “potentially damaging to the UK economy and therefore…
Aberdeen-based Wood Group PSN said it plans to reduce the rates paid to a third of its UK-based limited company contractors by an average of 9 per…
Edinburgh-based travel search engine Skyscanner said on Friday its revenue rose 28% to £120 million in 2015 as mobile platform bookings helped it continue its global growth. Skyscanner…
Edinburgh-based Standard Life said on Friday its operating profit before tax rose 9% to £665 million in 2015 — beating analysts’ forecasts of £616 million — as the investment, pensions…
The Organization for Economic Cooperation and Development (OECD) on Thursday called for world leaders to take urgent action to tackle slowing growth. The OECD said…
Ellon, Aberdeenshire-based craft beer company BrewDog on Thursday announced “draft” 2015 business results, reporting a 52% increase in annual turnover to £45 million. The company said BrewDog is now the number one…
Scotland and the north of England have signed an agreement to work closer together to improve cross-border transport connections and boost the economies of both…
A new poll of Scottish Chambers of Commerce members shows 68% of them would vote for the UK to remain a member of the EU “if the…
Scottish league football is being screened in more than 100 countries for the first time after a number of new international broadcast deals were struck in territories around the…
Forth Ports said it plans to make the “largest investment in the history of the Port of Dundee” by investing more than £10 million to create a new…
Scotland’s employment rate increased to 74.8% in the third quarter of 2015 — outperforming the UK — and the Scottish employment level of 2.636 million was…
The Scottish Government has called for a decentralized BBC that transfers more decision-making on BBC Scotland north of the border and for the BBC “to deliver…
A new research and development (R&D) project aims to put Scotland at the forefront of the £7 billion global sensors and imaging systems market and deliver…
Aberdeen-based energy services giant Wood Group has signed a five year contract with Valero Energy that marks an important expansion for Wood into the UK petrochemical sector….
Saudi Arabia, Russia, Qatar and Venezuela have agreed to freeze oil output at January levels as a first step in efforts to support oil prices that have fallen about 70%…
French energy giant EDF said it will extend the operational life of Torness nuclear plant in East Lothian, Scotland, by at least seven years to…
HSBC said on Monday that while Asia is at the heart of the banking group’s strategy, it had decided to remain headquartered in London after an “exhaustive” review. “Having our…
Dundee-based investment trust company Alliance Trust said on Monday that Katherine Garrett-Cox, CEO of its subsidiary Alliance Trust Investments (ATI), would stand down as chief executive of ATI on March…
Celtic plc said its revenue increased 0.3% to £31.4 million and profit before tax rose from £6.6 million to £11.7 million in the six months ended December 31, 2015. However,…
Johnston Press, owner of The Scotsman and the Yorkshire Post, said it has conditionally agreed to acquire the business and certain assets of the cut-price i…
The notorious former ‘executive wing’ at Royal Bank of Scotland headquarters in Gogarburn, Edinburgh — seen as a symbol of excess before the financial crisis and bail…
Royal Bank of Scotland has appointed Peter Flavel as chief executive of private banking, responsible for Coutts & Co and Adam & Company. Flavel (pictured) joins…
Delays to the EU’s Common Agricultural Policy (CAP) new payments system have left cash flows for Scottish farmers “under severe pressure” with around £440 million still outstanding,…
Robertson has been selected as preferred developer for the £40 million development of apartments, office space and a hotel next to the new V&A Museum in the Dundee…
There were 34,711 companies formed in Scotland in 2015 — and 19,772 businesses dissolved — according to research by Inform Direct. That took the total number…
Edinburgh and Glasgow airports have both reported huge increases in international passengers as the list of direct flights available from Scotland’s central belt continues to…
Royal London chief executive Phil Loney has warned UK finance minister George Osborne that it would be “reckless” to “take the huge gamble of introducing ISA style…
Johnston Press, owner of The Scotsman and Yorkshire Post, on Thursday confirmed speculation that it is in “late stage discussions” with Independent Print Ltd for the…
French energy firm Total and its partners will invest £690 million in operational expenditure west of Shetland over the next 10 years following the start-up of the…
The Royal Bank of Scotland announced that pioneering scientist Mary Somerville will appear on its new polymer £10 notes set to be issued in the…
The Harris Tweed Authority said it “has received the ultimate seal of approval” from Lord Lyon King of Arms, Dr. Joseph Morrow QC, who has…
Edinburgh-based Menzies Distribution has acquired Thistle Couriers of Aberdeen for an undisclosed sum — the firm’s third acquisition in the past 12 months. Menzies said the move…
Property firm JLL has warned that Scotland is not building enough homes to meet either current demand or the Scottish Government’s current recommended targets for homes. In…
Edinburgh-based angel investors Archangels have teamed up with the Scottish Investment Bank (SIB) to commit to four further rounds of investment for expanding Scottish firms, with additional funding of…
Edinburgh-based Standard Life Investments has told investors it expects another year of volatility in debt markets — and said it believes the risk of recession “is lower than the market…
French energy firm Total said it has started production from the Laggan-Tormore gas fields in the West of Shetland area. The fields are expected to supply up to…
The supply of collectable bottles of single malt Scotch to auctions in the UK reached an all-time high of 43,458 in 2015, up 27.83% on 2014, according…
Royal Bank of Scotland has called off the sale of its India banking business and will now consider options including the winding down of the business or…
St Andrews-based Worldwide Cancer Research said it has appointed Dr Helen Rippon as its chief executive to succeed Norman Barrett, who is retiring after eight years with the organization. Previously director…
A consortium of funds involving Edinburgh-based UK Green Investment Bank and US investment giant BlackRock have bought one wind farm in Aberdeenshire and two off the coast of…
Former UK Treasury minister Danny Alexander has been confirmed as one of the five vice presidents of the new Beijing-based Asian Infrastructure Investment Bank (AIIB). The new development…
Aberdeen-based Faroe Petroleum, the independent oil and gas exploration company active in the UK and Norwegian continental shelves, said it had a year of growth and progress in 2015 despite…
Edinburgh Research and Innovation — the University of Ediburgh’s arm for commercializing research — had a record year in 2015 with its total number of spin-outs and…
The Institute of Directors has repeated its warnings about “ultra-accommodative monetary policy” after the monetary policy committee of the Bank of England, the UK’s central bank,…
About 600 lorries will be allowed to cross the Forth Road Bridge — northbound only — between 11pm and 4am in a trial run starting Thursday night, subject…
Newly independent Clydesdale and Yorkshire Bank (CYBG) might quickly become involved in consolidation deals in the banking sector. “Like others out there, we would be viewed…
Perth-based Stagecoach and Aberdeen-based FirstGroup have been shortlisted to compete for the next South Western rail franchise in June 2017. Stagecoach has operated the network under…
Glasgow-based digital marketing agency Equator has acquired a controlling interest in Glasgow and London brand agency 999 Design Group as part of a “major growth strategy.” 999…
Bridge of Allan-based Graham’s The Family Dairy has signed a deal to exclusively supply milk and whipping cream to all of Starbucks’ 68 stores in Scotland. “Starbucks share our…
Perth-based energy giant SSE said it is likely to close three of the four units at its coal-fired power station at Fiddler’s Ferry, Cheshire, from April 1…
Green Highland Renewables said it will soon start work on a new hydro scheme at Loch Eilde Mor in the hills above Kinlochleven — just one…
Shares of Johnston Press, owner of regional newspapers including The Scotsman and Yorkshire Post, rose 13% after it said it expects the deficit in the company’s…
Scottish rural land prices fell in the second half of 2015 as low prices for crops and commodities took their toll, according a survey by the Royal Institution…
National Australia Bank (NAB) said on Wednesday the final price for the initial public offering (IPO) of shares in Clydesdale and Yorkshire Bank (CYBG) is £1.80…
JLL Scotland said that on the instructions of Aberdeen Asset Management, it has listed Exchange Place at the heart of the Edinburgh financial district for sale…
Glasgow-based Fairfax Whisky has officially launched its whisky investment service — with an emphasis on casks — to become the latest specialist firm to offer such…
National Australia Bank (NAB) said the IPO of its Clydesdale and Yorkshire Bank (CYBG) — which had been planned to go ahead Tuesday — has been delayed…
The London stock market listing of shares in Clydesdale and Yorkshire Bank (CYBG) has been priced at £1.80 a share, valuing CYBG at roughly £1.6 billion, according to…
Glasgow-based Scottish Friendly, Scotland’s largest financial mutual, said it achieved record-breaking sales in 2015 of £25.5 million compared to £21.6 million in 2014. The 18% increase was driven by sales…
Edinburgh-based Bowleven, the Africa focused oil and gas exploration firm, said it will not pursue the proposed acquisition of stakes in gas projects in Tanzania from Aminex. Bowleven…
Catch limits are to be enforced for key shellfish species to prevent and deter unlicensed fishermen from selling their catch illegally, the Scottish Government said. Members…