Edinburgh-based oil and gas company Cairn Energy said it appointed industry veteran Nicoletta Giadrossi as an independent non-executive director and a member of its remuneration committee. Cairn chairman Ian Tyler…
Aberdeen City Council leader Jenny Laing performed the opening ceremony at the London Stock Exchange on Tuesday to mark the local authority’s successful £370 million bond issue….
Edinburgh-based sustainability software and data company Ecometrica has won a contract worth more than £14 million from the UK Space Agency’s recently launched International Partnership…
The UK government said its has now recovered more than £18 billion of the £20.3 billion that taxpayers injected into the Lloyds Banking Group — owner of the Bank…
TH Real Estate said it agreed to acquire the OMNi centre in the east end of Edinburgh city centre from Aviva Investors. The OMNi centre…
New figures from PwC’s Skyval Index show that deficits of UK defined benefit (DB) pension funds stood at £560 billion at the end of 2016, up…
Shares of Glasgow-based retail marketing company SpaceandPeople fell about 25% after it said trading during the key month of December was poorer than expected. In a…
Media group Future plc said it acquired the magazines, domain names, events, radio licence and websites of Classic Rock, Metal Hammer, Prog, Blues and the Golden…
The Institute for Public Policy Research Scotland (IPPR Scotland) has warned that the Scottish skills system needs to be reformed to adapt to an economy…
Emerging markets specialist Aberdeen Asset Management believes that any imposition of trade barriers after Donald Trump becomes president of the United States “may force some…
Demand for Edinburgh townhouse office-to-residential conversions has surged, driven largely by rising residential prices in Edinburgh’s west end and New Town, according to Shepherd Chartered Surveyors. The firm…
A new Master’s Degree in Financial Technology (Fintech) is to be launched at the University of Strathclyde to support the digital transformation of Scotland’s financial…
The Scottish government has launched a 12-week consultation on the long term framework for the devolved management of the Crown Estate in Scotland. It said…
Edinburgh-based synthetic biology company Synpromics announced a research collaboration with GE Healthcare “to jointly develop customised synthetic promoters optimised for GE Healthcare’s proprietary biopharmaceutical manufacturing…
Glasgow-based mobile power company Aggreko said it has been awarded a contract to be the official temporary electricity generation provider for the Olympic Winter Games PyeongChang 2018. Aggreko…
Edinburgh-based Aegon UK said it completed the roughly £140 million purchase of Cofunds — an investment platform for financial advisers — following regulatory approval. Cofunds had about £77 billion…
Low-cost airline Norwegian said it will create more than 130 crew and pilot jobs in Scotland as it prepares for continued growth at Edinburgh Airport in…
The UK’s manufacturing sector ended 2016 on a positive note with rates of growth for production and new orders in December among the best seen over…
Jim Duffy, co-founder of Scottish-based business incubator network Entrepreneurial Spark, announced he will leave the company in the summer of 2017. Duffy said Entrepreneurial Spark…
The Russell Group of 24 leading UK universities — which includes Edinburgh and Glasgow — is looking for a new director general following Wendy Piatt’s decision to stand down…
More than 100 individual shareholders of Royal Bank of Scotland (RBS) — coordinated by shareholder groups ShareSoc and UKSA — have requisitioned a resolution to install a new…
Scottish Retail Consortium director David Lonsdale said shops enjoyed a “modest and welcome uplift in retail sales” in the final few months of the year —…
Glasgow and Edinburgh-based Change Recruitment Group (CRG) said growth in its accountancy-finance, IT-digital and temporary-contract businesses helped it offset continuing challenges in the oil and gas market in 2015-16. CRG…
Updated — The proposed sale of the UK government’s Edinburgh-based Green Investment Bank (GIB) for up to £2 billion is facing increased political scrutiny following allegations that…
Investment in Scotland’s motorways and trunk roads will rise about 18% to just under £1 billion in 2017-18, taking projects currently under construction to almost £6 billion, according to…
Sports Direct International said it agreed sell its rights to the Dunlop brand and related wholesale and licensing businesses to Sumitomo Rubber Industries (SRI) for $137.5 million in…
The Scottish Government has set up a Creative Industries Advisory Group to advise ministers on the support the sector needs. Invitations to become members of the group have…
New research from Bank of Scotland has identified Scotland’s most expensive streets, with The Scores in St Andrews — just a pitching wedge from the world famous Old…
Bridge of Allan-based Graham’s The Family Dairy said its sales fell slightly to £83.6 million in the year to March 2016 from £86.5 million the year…
Deutsche Bank said it reached a settlement in principle with the US Department of Justice (DoJ) regarding civil claims in connection with the bank’s issuance and underwriting…
The UK’s Treasury Committee has launched an inquiry into the effectiveness and impact of post-2008 monetary policy in the UK. Andrew Tyrie MP, chairman of the…
The Scottish government said renewable sources delivered the equivalent of 59.4% of Scotland’s gross electricity consumption in 2015 — up from 49.9% in 2014. This…
The Scotch Whisky Association (SWA) said the UK spirits industry including Scotch contributed around £3.2 billion in tax to the UK Treasury in the year to…
Eurowings is to launch a new direct flight service between Edinburgh Airport and Munich on March 31 next year. The five times weekly service further strengthens…
Royal Bank of Scotland is close to selling at least $600 million (£486 million) worth of shipping loans from its portfolio, according to a Reuters report citing…
The UK government announced what it called “a £440 million broadband boost to benefit more than half a million premises” including £18 million of investment…
About 65% of exporting companies in Scotland’s Highlands and Islands believe access to the European single market is important for their businesses, according to a survey of more than…
Macdonald Hotels said the sale of land at one of its properties helped its finances in the year to March 31 during which it increased its profit after tax by £49.1…
The Scotch Whisky Association (SWA) said the Court of Session in Edinburgh granted it leave to appeal to the UK Supreme Court against the Scottish Government’s plans to…
Scottish Investment Bank head Kerry Sharp welcomed the establishment of a new £40 million small and medium sized enterprises (SME) holding fund by the Scottish Government to…
Non-bank lenders in Europe recorded 201 deals in the first three quarters of 2016, up 6% on the 190 deals for the same period in…
Glasgow-based pensions and benefits consultant Hymans Robertson said it appointed Barry McKay as Head of Local Government Pension Scheme (LGPS) Actuarial, working alongside David Walker as Head…
The UK’s Lawn Tennis Association (LTA) and sportscotland announced a £15 million joint-funding agreement to start in 2017 to “capitalise on the Andy and Jamie Murray…
Convenience retailer McColl’s Retail Group said the Competition & Markets Authority (CMA) gave final and unconditional approval for McColl’s £117 million acquisition of 298 stores from the Co-operative Group…
STV Group said it reached agreement with the trustees of the company’s defined benefits pension schemes — the Scottish & Grampian Television Retirement Benefits Scheme and…
Research and development (R&D) employment in Scottish businesses reached its highest level on record in 2015 with about 11,000 jobs — but R&D spending fell slightly during that year…
Regional airline Flybe said it will soon offer more than 40 scheduled flights a week from Aberdeen and Edinburgh to London Heathrow. Flybe also said it hired Christine Ourmieres-Widener as…
Aberdeen-based Faroe Petroleum said it signed two banking facilities for almost £300 million “which will provide substantial finance to underpin the company’s growth plans.” Faroe is an independent oil and…
A £350 million expansion of Aberdeen Harbour has been sanctioned by the harbour’s board and the construction contract with preferred bidder Dragados UK is due to be formalised on…
Lloyds Banking Group — owner of the Bank of Scotland, Scottish Widows and Halifax brands — said it agreed to acquire UK consumer credit card business MBNA from a subsidiary…
The Cayzer family’s Caledonia Investments said it agreed terms for the sale of Park Holidays UK, the UK’s third largest holiday park operator, to Tiger Bidco…
The Shetland Fishermen group said Shetland’s whitefish market had its biggest yearly landings since 1987. More than 357,000 boxes were brought ashore and sold. Shetland is the second…
Her Majesty’s Revenue and Customs (HMRC) will face “significant challenges” administering the new Scottish rate of income tax, according to a report by the National Audit…
Shares of Hurricane Energy soared more than 12% after it announced a “significant” oil find at the Lincoln Well west of Shetland. Hurricane CEO Robert Trice said: “I…
Shares of Glasgow-based Collagen Solutions, a manufacturer of medical grade collagen biomaterials, fell about 12% after it said its revenue and other income increased by 30% to…
Liberty House and SIMEC, members of the GFG Alliance, said they completed a £330 million deal with Rio Tinto to buy Britain’s last remaining aluminium smelter at Fort…
Edinburgh hotels sold 80.8% of their rooms during November, a slight rise on the same month of 2015, and grew their average room rate (ARR) from £84.75 in…
Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post — announced the proposed disposal of 13 titles and associated websites in East…
Scotland-headquartered commercial property consultant Ryden has agreed a merger with London investment agents Mason Philips. The merged firms will operate under the Ryden name with…
Dundee-based investment firm Alliance Trust has announced a radical strategic plan that includes the outsourcing of equity portfolio management and the sale of investment division Alliance Trust Investments to Liontrust…
Denmark’s Dong Energy said South Korea’s CS Wind will build a new offshore tower manufacturing facility in Campbeltown, Scotland as a result of a multi-million…
Rupert Murdoch’s 21st Century Fox said it reached an agreement with Sky plc to buy the 61% of the British pay-TV firm it doesn’t already own for £10.75 a share — or roughly £11.7…
The UK’s Competition and Markets Authority (CMA) said on Thursday that Edinburgh-based John Menzies’ acquisition of ASIG may give rise to competition concerns over ground handling services at…
The UK’s Secretary of State for Scotland, David Mundell, urged the Scottish Government to use the economic levers under its control to “shape and strengthen”…
Aberdeen Asset Management said it made a number of appointments to strengthen its global distribution platform, including former Scottish Financial Enterprise chairman John Campbell. Campbell will join Aberdeen…
Scotland’s 2016 cereal harvest is estimated to have fallen 11% on 2015, according to the Scottish Government’s Chief Statistician. Final estimates show Scottish farms produced 2.8…
Shares of Aberdeen-based oil and gas services giant Wood Group rose about 2.5% after it said it expects its 2016 financial performance to be in line…
Edinburgh-based accounting software firm FreeAgent — which floated on the Alternative Investment Market (AIM) of the London Stock Exchange last month — said its revenue increased by 36%…
Annual negotiations in Brussels resulted in increased fish quotas for 16 out of 23 key Scottish stocks and “additional fishing opportunities” worth around £47 million, said Fisheries…
Perth-based energy giant SSE and Dixons Carphone, Europe’s largest electrical goods and phones retailer, said they have formed a strategic partnership to provide “connected home” services to…