Private schools ‘save Edinburgh Council £46m’
A report launched on Thursday says Edinburgh’s 10 independent schools made an economic contribution of £125 million gross value added (GVA) in 2017-18, supporting 3,000 jobs. The…
A report launched on Thursday says Edinburgh’s 10 independent schools made an economic contribution of £125 million gross value added (GVA) in 2017-18, supporting 3,000 jobs. The…
Edinburgh-based investment giant Aberdeen Standard Investments said it voted against the re-election of the chair of the board at the annual general meeting of pubs group…
Glasgow Housing Association’s investment programme for the past 15 years – the biggest of its kind in Europe – has boosted Scotland’s gross domestic product…
The average selling price of homes in east central Scotland — Edinburgh, Lothians and Fife — rose 4.9% to £241,827 in 2018, according to the…
Royal Bank of Scotland (RBS) said on Thursday afternoon it will seek authority from shareholders to buy back RBS shares owned by the UK Government…
Edinburgh-based fund management giant Baillie Gifford on Thursday announced the appointment of two new partners, effective May 1, 2019, and the retirement of three partners….
There was a 14.3% increase in overseas overnight visits to Scotland — from 3.1 million to 3.5 million — in the 12 months to the…
Tom Hunter’s West Coast Capital (WCC) has agreed a joint venture with Cala Homes to help create a £1 billion housing and schools development —…
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…
Grangemouth refinery operator Ineos announced that Antwerp, Belgium, will be the location for its €3 billion project for an ethane gas cracker and world-scale PDH…
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…
Edinburgh Airport has recorded the busiest ever year for a Scottish airport with more than 14 million people passing through its doors in 2018. A…
Small and Medium Enterprises (SMEs) across Scotland will be able to access more than £100 million to help them expand and access investment through the…
Shares of East Kilbride-based Goals Soccer Centres plc fell about 15% on Monday after it said “outturn for 2018 is disappointing” and it now expects…
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…
Shares of Glasgow-based fashion firm Quiz fell as much as 30% on Friday after it said overall sales for the Christmas trading period were “below expectations”…
Edinburgh-based fund management giant Baillie Gifford is set to open an office in Shanghai in the coming months as it moves to beef up its…
Aberdeen Standard Investments said its infrastructure debt team has lent £40 million to the Wales and Borders rail franchise for essential upgrades to its rolling…
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…
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…
UPDATE 3 — Norwegian oil and gas company DNO on Wednesday looked set to win control of Aberdeen-based Faroe Petroleum a day after raising its…
Consultancy Wood Mackenzie has said the North Sea oil industry will stage a recovery in exploration drilling and healthy levels of mergers and acquisitions this…
Shares of Edinburgh-based rented housing developer Sigma Capital Group rose about 4% on Tuesday after it published a trading update for the financial year ended December 31,…
BP is considering selling its stake in the large Shearwater project in the North Sea as it focuses on new investments in the area and…
Edinburgh-based water retailer Business Stream, a subsidiary of state-owned Scottish Water, said on Monday it secured a new three-year water supply contract with Lloyds Banking…
The Scottish Government has announced an additional £50 million investment in the Tay cities region that will support manufacturing businesses and the delivery of the…
Figures released on Monday show more than 7.3 million customer journeys were recorded on Edinburgh Trams in 2018 — an increase of 10% on 2017….
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…
Norwegian oil and gas company DNO said on Thursday it has increased its shareholding in Aberdeen-based Faroe Petroleum to 30% and that its hostile £610 million cash takeover…
Aberdeen-based Faroe Petroleum — which has rejected a hostile £610 million cash takeover bid from Norwegian oil and gas company DNO — on Wednesday published “an independent current valuation…
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….
Archangels, the Edinburgh-based business angel investment syndicate, said on Friday it led a record breaking £22.4 million of investment in Scottish tech and life sciences…
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…
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…
Perth-based energy giant SSE plc said on Friday it agreed to sell a 50% share of its SSE Enterprise Telecoms business (SSEET) to Infracapital for up…
Scotland is on track to see in excess of £2.5 billion invested in its commercial property market in 2018, according to Savills. This year has…
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…
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…
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…
Greencoat UK Wind plc (UKW) said on Thursday it agreed to acquire the Douglas West wind farm seven miles south west of Lanark from Blue…
UPDATE 2 — Perth-based bus and rail giant Stagecoach Group said on Thursday it agreed to sell its North America division to an affiliate of private…
The Scotch whisky industry, the UK’s biggest food and drink export, said on Wednesday it was imperative that UK politicians work quickly to avoid crashing…
Scottish businesses are investing record amounts in research and development, according to statistics published on Wednesday. The Business Enterprise Research & Development (BERD) statistics show…
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 announced that Mark Thomson is stepping down from his role as chief executive after almost seven years. “During his time with Scottish Building…
Aberdeen-based mechanical engineering group EnerMech on Tuesday confirmed the conclusion of its sale to The Carlyle Group and announced the formation of the group’s board…
Royal Bank of Scotland Group plc (RBS) announced on Tuesday the appointment of Katie Murray as executive director and chief financial officer (CFO), with effect…
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…
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…
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…
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…
The dividend payments of FTSE 100 companies are forecast to reach a record high of £93.7 billion in 2019, according to investment firm AJ Bell….
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-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…
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…
UK Prime Minister Theresa May said on Wednesday morning she would fight a leadership challenge launched by MPs in her Conservative Party. A challenge was…
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…
The Scottish economy is on track to grow at its fastest rate since 2014, according to the latest Fraser of Allander Institute (FAI) economic commentary. However,…
Unemployment in Scotland has fallen to 3.7%, the lowest rate on record and lower than the current UK rate of 4.1%, according to new figures…
New public sector employment statistics for Scotland, released by Scotland’s Chief Statistician, show that there were 545,100 people employed in the public sector in Scotland…
Royal London announced that its group CEO Phil Loney has decided to stand down by the end of 2019. “He is standing down to concentrate…
Wheatley Group — Scotland’s biggest social landlord — said on Monday it has secured an investment of £76.5 million that will enable it to build hundreds…
The European Union’s Court of Justice ruled on Monday that the UK government can unilaterally reverse its decision to leave the EU without consulting other…
Screen Scotland on Friday launches a tender process inviting proposals from private developers to lease, refurbish and operate a permanent world-class film and television production…
Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — said on Friday that chief executive officer Ian Curle…
The number of people working in Scotland’s tourism sector increased by 24,500 to 206,000 in the five years after the introduction of the National Tourism Strategy in…
Patrizia has agreed to sell 1 Tanfield, the large office building in Canonmills, Edinburgh, to Greenridge Investment Management for about £65.5 million, according to trade…
Royal Bank of Scotland on Thursday updated its shareholders on the legal process for its plans to move up to £13 billion worth of business…
The value of Scotland’s goods exports to the European Union rose 18% to £15.7 billion in the year to September 2018, new HMRC trade statistics…
The Scottish Parliament has rejected the UK Government’s draft Brexit deal and has ruled out a ‘no deal’ Brexit option. Constitutional Relations Secretary Michael Russell…