News

Irn-Bru maker Barr expects £277m revenue

Cumbernauld-based Irn-Bru maker A.G. Barr said on Friday it expects its full-year revenue to rise about 5% to around £277 million. Barr, which also produces…












Menzies takeover gets OK as pension deficit cut

The UK’s Competition and Markets Authority (CMA) has cleared Edinburgh-based Menzies Aviation’s takeover of part of Airline Services’ business after an in-depth investigation allayed competition…



Aberdeen Standard in Singapore Life investment

Edinburgh-based investment giant Aberdeen Standard Investments (ASI) has made a $13 million minority equity investment in Singapore Life Pte. Ltd., a digitally-focused life insurance company…





SSE completes £1bn Caithness-Moray link

Perth-based energy giant SSE said on Friday its subsidiary Scottish and Southern Electricity Networks Transmission (SSEN Transmission) has completed the new £1 billion Caithness-Moray electricity transmission…





Aberdeen Standard, Virgin seal investment JV

Aberdeen Standard Investments and CYBG’s Virgin Money announced on Wednesday they have sealed a new investments and pensions joint venture. The venture will build on Virgin…


Scots job market stronger than UK

The latest Royal Bank of Scotland Report on Jobs said permanent staff appointments in Scotland increased at a “marked rate” at the end of 2018…









UK central bank appoints Bowe, Gadhia

The Bank of England, the UK’s central bank, said Colette Bowe and Jayne-Anne Gadhia have been appointed as external members of its Financial Policy Committee…




Drax completes £702m ScottishPower acquisition

Selby, North Yorkshire-based power company Drax Group plc said on Wednesday it completed the acquisition of ScottishPower’s portfolio of pumped storage, hydro and gas-fired generation….



Gatwick sold in Brexit bargain. Edinburgh next?

Global Infrastructure Partners (GIP), which owns Edinburgh Airport, said on Thursday that together with its co-shareholders it is selling 50.01% of Gatwick to France’s Vinci Airports for…


Carnoustie Open boosts Scotland by £120m

The 147th British Golf Open at Carnoustie generated a £120 million benefit for the Scottish economy, according to an independent study revealed by First Minister Nicola Sturgeon…




Craneware update reverses stock plunge

Shares of Edinburgh-based Craneware, a software firm that specializes in US healthcare, recovered some of their recent losses on Friday morning after the firm issued an…


Glasgow’s DeepMatter buys Munich’s Infochem

DeepMatter, the Glasgow AIM-listed company focusing on digitizing chemistry, said on Thursday it agreed to acquire German cheminformatics firm Infochem GmbH from global publisher Springer Nature…


Faroe rejects £610m bid as DNO ups stake

Aberdeen-based Faroe Petroleum on Thursday issued a circular rejecting a hostile £610 million cash takeover bid from Norwegian oil and gas company DNO. Faroe operates in the…





Scots business R&D spend up 14% to £1.2bn

Scottish businesses are investing record amounts in research and development, according to statistics published on Wednesday. The Business Enterprise Research & Development (BERD) statistics show…


Wood, Amec win $66m Sellafield contract

Aberdeen-based oil services and engineering giant Wood plc said it won a contract to supply “programmable digital control technologies” to the Sellafield nuclear site in Cumbria….


Scottish Building Society CEO to step down

Scottish Building Society announced that Mark Thomson is stepping down from his role as chief executive after almost seven years. “During his time with Scottish Building…




Michelin agrees to develop Dundee site

Michelin, Scottish Enterprise and Dundee City Council have signed a Memorandum of Understanding affirming the intention to secure a long-term future for Michelin’s site in…


Scots councils balk at £11bn funding deal

The Convention of Scottish Local Authorities (Cosla) said on Tuesday its 2019-20 funding settlement from the Scottish government will mean “substantial job losses in places…


Springfield Properties continues hunt for land

Elgin-based housebuilder Springfield Properties, which went public last year, said on Monday it “continues to evaluate opportunities to acquire land” as demand for housing in Scotland…


SSE-Npower merger off: other options mulled

UPDATE 2 — The proposed merger of Perth-based energy giant SSE’s retail unit with Innogy subsidiary Npower was scrapped on Monday with the companies saying they were “unable…



Menzies Aviation deal gets provisional OK

The UK’s Competition and Markets Authority (CMA) said on Friday it has provisionally cleared Edinburgh-based Menzies Aviation’s takeover of part of Airline Services’ business after…


Glasgow’s Aggreko wins $200m Olympic deal

Glasgow-based Aggreko, the world’s largest temporary power firm, said on Friday it has been awarded the $200m supply contract for temporary electricity generation by The Tokyo…


DNO starts clock on £610m bid for Faroe

Norwegian oil and gas company DNO on Wednesday started the clock on its £610 million hostile takeover bid for Aberdeen-based Faroe Petroleum. DNO, which already owns…



Scots wind power hits 109% of demand

WWF Scotland said wind output in Scotland in November broke through the 100% threshold for the first time, with 109% of total Scottish electricity demand…