New enterprise agency for South of Scotland
The Scottish Government said a new enterprise agency will be created to meet the economic needs of communities in the South of Scotland. It said…
The Scottish Government said a new enterprise agency will be created to meet the economic needs of communities in the South of Scotland. It said…
Standard Life and Aberdeen Asset Management said the UK’s Competition and Markets Authority (CMA) announced that it has cleared the £11 billion merger of the Scottish investment giants….
Edinburgh-based oil and gas company Cairn Energy said it secured interests in two licences in the Mexico offshore bid round. The licences are located in the…
A new CBI Scotland report has claimed that improving productivity and unlocking growth across Scotland’s regions could be worth up to £25 billion to the…
Nearly 60% of businesses in the UK’s oil and gas industry expect to expand this year, while optimism has soared to 39% from 2% in…
The new Queensferry Crossing will open to traffic on August 30, 2017, the Scottish Government announced. The new bridge across the Forth will then close to…
Banking giant HSBC said on Tuesday it is creating 500 new jobs in Scotland. HSBC will create new roles in its global risk business in…
The US Federal Trade Commission (FTC) said on Monday it has authorized legal action “to block the merger” of Edinburgh-headquartered FanDuel and Boston-based DraftKings, the two…
The Scottish Government said on Monday that a specialist centre to develop new manufacturing processes for lightweight materials for the aerospace and automotive industries is…
Scottish Equity Partners (SEP) said it provided project finance to fund the construction of the €8.7 million, 4.6MW Curraghderrig wind farm in the Republic of…
Shareholders of Standard Life and Aberdeen Asset Management both voted overwhelmingly to approve the £11 billion merger of the Scottish investment giants on Monday. About…
Motherwell-based engineering firm MB Aerospace has signed a $1 billion contract to provide flight engine parts to Pratt & Whitney, a division of United Technologies Corporation…
Scotland’s food and drink exports increased by more than 11% to £1.2 billion in the first quarter of this year, compared with the same period…
The chief executive and finance director of Perth-based energy giant SSE enjoyed massive rises in their total remuneration packages in the year to March 31, according…
Shareholders of Standard Life and Aberdeen Asset Management will vote on Monday on the proposed £11 billion merger of the two Scottish investment giants. The transaction requires…
Credit rating agency Moody’s has upgraded its rating on Royal Bank of Scotland Group to investment grade, saying the move reflected the group’s “stronger standalone financial…
Shareholders of Aberdeen-based oil and gas services company Wood Group and rival Amec Foster Wheeler have overwhelmingly approved Wood Group’s roughly £2.2 billion recommended all-share offer…
The Scottish Government’s IT programme set up to deliver financial support to farms and rural businesses has been slammed in a report by Audit Scotland. The…
More than 750,000 Scottish homes and businesses can now connect to fibre broadband thanks to the £428 million Digital Scotland Superfast Broadband programme, the Scottish…
Glasgow-based Aggreko, the world’s largest temporary power firm, said it acquired KBT (Kerta Bumni Teknindo), an Indonesia-based power rental company for about $32.8 million. “KBT…
The Scottish Government said Scotland’s unemployment rate has fallen to 4.0% to match the lowest rate in 25 years. Labour market statistics for February-April 2017 published…
Standard Life chief executive Keith Skeoch told Reuters in an interview that the Edinburgh financial giant would be willing to sell its £16.1 billion annuity portfolio after…
The median selling time for properties in the Edinburgh area is down to 15 days “indicating a thriving market where buyers are willing to snap…
The Scottish Government said more than £1.75 billion would be allocated to councils in a major commitment to stimulate investment in affordable housing. It said…
Highlands and Islands Enterprise (HIE) — which has a 2017-18 budget of £65.9 million, including £55.7 million from the Scottish Government — said it appointed…
Glasgow-based cloud computing firm iomart said it would hike its dividend 90% after revenue rose 17% to £89.6 million and adjusted profit before tax grew 18% to…
Ineos announced plans on Monday to build a new petrochemical production plant in mainland Europe and expand capacity at its existing plants in Grangemouth, Scotland and…
A business incubator centre in Hawick will help businesses in the Scottish Borders establish themselves thanks to a £3.6 million funding package. The Scottish Government…
Growth momentum picked up in the Scottish private sector in May, with output increasing by the greatest degree since February, according to the latest Bank…
Glasgow-based engineering giant Weir Group said it agreed to acquire Singapore-headquartered oil and gas technology firm KOP Surface Products from Norwegian-listed Akastor ASA for about $114m…
UPDATE 2 — Brexit talks should be delayed until political stability is established in the United Kingdom, according to the Federation of Small Businesses (FSB) in…
UPDATE 2 — Courier firm DX Group, currently in the process of acquiring the distribution business of John Menzies in a reverse takeover, said on Friday it was notified by the…
Aberdeen-based oil and gas services giant Wood Group said it was awarded a new industrial services contract by BAE Systems Submarines. Effective immediately, the two-year contract…
A High Court judge in London on Wednesday called off the trial due to begin in the long-running investor lawsuit against Royal Bank of Scotland over its 2008…
The latest IHS Markit Report on Jobs for Scotland signalled improving labour market conditions in Scotland, with sharp rises in worker placements, record growth in permanent…
UPDATE 1 — Wheatley Group, Scotland’s biggest social landlord, confirmed reports that it secured a £100 million debt investment deal with BlackRock Real Assets as it drives forward…
UK courier firm DX Group on Monday announced revised terms for its agreement to acquire the distribution business of John Menzies in a reverse takeover — winning the support of DX’s largest shareholder. Gatemore…
Tern Plc, an investment company specialising in Internet of Things, announced the appointment of Scottish technology industry veteran Ian Ritchie as its non-executive chairman with effect…
Trade association Oil & Gas UK said its new blueprint for the North Sea oil and gas industry — outlining four key priorities for the next UK Government…
The Ivy Collection, the group behind the world-famous Ivy restaurant in London’s Covent Garden — will open its first restaurant in Scotland this autumn in…
Aberdeen-based bus and rail giant FirstGroup said revenue in the year to March 31 rose 8.3% to £5.65 billion and profit before tax rose 23% to £207 million, helped…
The value of exports of all UK food and drink grew to a record £4.9 billion in the first quarter of 2017 — driven by whisky…
Edinburgh-based pensions and investment giant Standard Life said it has fully integrated its auto enrolment offering with Newcastle-based software giant Sage Group, the UK’s largest tech company. Standard…
Celtic plc announced the resignation of Ian Livingston as a director of the company with effect from June 30, 2017. Celtic said Livingston, who was…
The distribution arm of Edinburgh-based John Menzies said on Monday it would take full control of Ireland’s EM News Distribution. Menzies Distribution said that under terms…
Edinburgh-based video security company IndigoVision said on Monday that tech industry veteran George Elliott will join its board of directors on June 1, 2017 and succeed Hamish Grossart as chairman of…
UPDATE 3 — The RBoS Shareholder Action Group, which alleges investors were misled by Royal Bank of Scotland over its £12 billion rights issue in…
North Sea oil exploration firm EnQuest said in an operational update that its flagship Kraken oilfield was on track to begin producing oil before the end…
Home buyers in Scotland borrowed £1.8 billion for house purchases in the first quarter of 2017, down 15% on the previous quarter but up 5% on the…
The value of fish landed by Scottish registered vessels increased by 29% to a record £563 million in 2016, according to the latest statistics published by…
Standard Life chief executive Keith Skeoch told the Press Association in an interview he is confident the group’s proposed £11 billion merger with Aberdeen Asset Management…
The civil trial involving Royal Bank of Scotland and a group of investors over a £12 billion rights issue by RBS in 2008 has been adjourned by a…
Grangemouth refinery operator Ineos said it agreed to acquire the Dong Oil & Gas Business from Dong Energy for up to $1.3 billion. Ineos said the deal would position…
Aberdeen-based oil and gas services giant Wood Group on Wednesday increased its presence in the automotive hub of Detroit by acquiring CEC Controls for $59 million. And late on…
The High Court in London was told on Tuesday morning that a majority of claimants suing Royal Bank of Scotland over its £12 billion rights issue in 2008…
Verisk Analytics, owner of Edinburgh-based energy, metals and mining consultancy Wood Mackenzie has acquired MAKE, a research and advisory business specializing in wind power. New Jersey-based…
The Scottish government said 2016 was a record-breaking year for the number of foreign direct investment (FDI) projects in Scotland, according to the latest annual survey…
Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post — said 32% of shareholders at its annual general meeting voted against…
The UK’s Competition and Markets Authority (CMA) said it has started its routine inquiry into the proposed merger of Standard Life and Aberdeen Asset Management. A…
BP and its co-venturers Shell and Siccar Point Energy announced first oil from the redeveloped Schiehallion Area following completion of the multi-billion-pound Quad 204 project in the west…
UPDATE 2 — Royal Bank of Scotland (RBS) is attempting to reach a last-minute settlement with a group of investors who allege that the bank misled them…
Shares of Edinburgh-based video security company IndigoVision rose for the second day in a row after it said in a trading update on Thursday that…
Edinburgh-based oil and gas company Cairn Energy on Friday stressed the potential of its work in Senegal and the North Sea in a statement ahead…
Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post — issued a trading update on Friday ahead of its annual general meeting…
The number of overseas visitors to Scotland rose 6% to 2.7 million in 2016 — and the amount those visitors spent rose 9% to £1.85 billion, according to the Office for…
Perth-based energy giant SSE said on Wednesday its adjusted pre-tax profit rose 2.1% to £1.55 billion in the year to March 31 — but warned of uncertainty ahead as the…
Unemployment in Scotland has fallen to 4.4% — below the 4.6% rate for the whole of the UK. The Labour Market Statistics for January to…
Aberdeen’s economy is showing signs of cautious optimism — helped by recent transactions in the oil and gas sector — according to financial advisory firm Grant Thornton. Grant…
The UK government said on Wednesday that Lloyds Banking Group — which includes Bank of Scotland and Halifax — had been fully returned to private ownership following the…
Payments from a loan scheme designed to help vulnerable farmers and crofters in Scotland have started, the Scottish government said. More than 7,400 payments worth more…