BP go-ahead for £230m west of Shetland investment
BP said on Monday it received approval from the UK’s Oil and Gas Authority (OGA) to proceed with the Alligin development west of Shetland, which…
BP said on Monday it received approval from the UK’s Oil and Gas Authority (OGA) to proceed with the Alligin development west of Shetland, which…
Dundee-based investment firm Alliance Trust said on Monday it agreed the sale of its subsidiary company Alliance Trust Savings (ATS) to Interactive Investor (ii), the…
Scotland must have certainty about access to European research programmes after Brexit, Higher Education and Science Minister Richard Lochhead has said. The minister was speaking…
Custos Group, the largest shareholder in Johnston Press — the debt-laden owner of The Scotsman, the i newspaper, the Yorkshire Post and about 200 local news outlets —…
Amazon has announced plans to open a new corporate office in Manchester in 2019 and increase the capacity of its Scotland Development Centre and Cambridge…
Scotch Whisky exports increased in the first half of 2018 to £1.97 billion, a 10.8% rise in the value of exports against the same period…
Opportunities to invest in nine projects worth more than £2 billion to Scotland’s economy have been announced by Economy Secretary Derek Mackay. The updated Invest in…
Highland whisky distillery Tomatin said it is now officially the fastest growing top ten single malt whisky in the United States. “Recent figures released by…
Aberdeenshire-based craft brewing firm BrewDog said on Tuesday that Equity for Punks V, its fifth crowdfunding effort, has closed raising £26.2 million “smashing the world…
ScottishPower — a subsidiary of Basque energy giant Iberdrola — said it has become the first integrated energy company in the UK to shift completely…
The Scottish Irish Finance Initiative (SIFI) will this week step up its efforts to strengthen collaboration between financial companies in Scotland and Ireland as Scottish Government Minister…
Aberdeen-based mechanical engineering group EnerMech said on Monday it has been acquired from Lime Rock Partners by Nasdaq-listed global alternative asset manager The Carlyle Group in…
Production of Atlantic salmon in Scotland increased by 26,890 tonnes (16.5%) to 189,707 tonnes in 2017 — the highest ever level. The value of the…
Sports Direct International plc, run by Mike Ashley, said it agreed to buy the freehold of the Frasers department store in Glasgow for £95 million. Sports…
Royal Bank of Scotland said on Friday it paid out its first dividend since 2008 — paying its ordinary shareholders 2p per share. “Around 190,000…
Aberdeen Standard Investments said it has provided £65 million of debt to Anglian Water in the form of a privately negotiated green bond. The investment…
Forth Ports said a revised design framework (RDF) for a major development at Western Harbour in Leith, Edinburgh — which will result in the delivery…
The number of overseas visitors from mainland Europe to Scotland increased by 39% in the 12 months to the end of June 2018, according to…
The Scottish government’s constitutional relations secretary Michael Russell said on Thursday that short of remaining in the EU, staying in the European Single Market and…
Lerwick Harbour in Shetland said it enjoyed another record-breaking cruise season, which closed this week, with 91 vessels and an increase of around 78% on…
Johnston Press — the debt-laden owner of The Scotsman, the i newspaper, the Yorkshire Post and about 200 local newspapers and websites — said on Thursday it has…
Shell UK Limited said on Wednesday it made a final investment decision (FID) to invest in the Arran gas and condensate field in the UK…
The UK’s Competition and Markets Authority CMA said on Wednesday it decided that the proposed merger between SSE Retail (SSE) and Npower can proceed, following a…
The co-founder of Aberdeenshire craft brewery BrewDog has told the Press Association that plans for an initial public offering (IPO) by the firm are still…
Bad weather affected the output of Scottish agriculture over the past year, with sheep and cattle numbers falling and reductions in output of cereals and…
Private equity firm H.I.G. Capital said one of its affiliates agreed to sell its stake in Edinburgh-based wealth management fintech firm FNZ to Caisse de…
Operating expenditure (OPEX) and unit cost per barrel of oil equivalent in the UK Continental Shelf (UKCS) remained steady in 2017 against a stronger oil…
Edinburgh-based investment giant Standard Life Aberdeen is in talks with Saudi Arabia about starting one or more investment vehicles that would be seeded by the…
Maven Property, the property arm of Glasgow-based private equity firm Maven Capital Partners, said it completed the £14.5 million sale of the four-star Hotel Indigo…
Royal Bank of Scotland CEO Ross McEwan told the Press Association in an interview it could take another 10 years for the bank’s tarnished reputation…
Scottish labour market conditions continued to improve in September, with sharp growth being recorded in both permanent placements and temporary staff billings, according to the…
Shares of Glasgow-based fashion firm Quiz fell more than 30% late on Friday after it said its revenue for the full year to March 31, 2019,…
Royal Bank of Scotland has released for sale its former office and data centre site at Dundas Street in the heart of Edinburgh. Branded “New…
A bottle of the extremely rare The Macallan Valerio Adami 1926 60 year old sold at Bonhams Whisky Sale in Edinburgh for a new world…
Souter Investments, the family investment office of Stagecoach Group founder Brian Souter, said on Thursday it completed the sale of Finnish intercity bus operator OnniBus.com to Koiviston Auto…
Royal Bank of Scotland chief executive Ross McEwan has warned in a BBC interview that a no-deal Brexit could tip the UK economy into recession….
Forth Ports Limited said on Wednesday that Arcus European Infrastructure Fund 1 LP agreed to sell its shares in the company to the Public Sector…
Norway’s Equinor said it agreed to buy Chevron’s 40% stake in the Rosebank oilfield west of Scotland’s Shetland Islands for an undisclosed sum. Rosebank is one…
Scotland’s tax authority Revenue Scotland said it raised revenue of £707 million in Land and Buildings Transaction Tax (LBTT) and Scottish Landfill Tax (SLfT) —…
Simec, part of Sanjeev Gupta’s GFG Alliance, said it has formally applied to build a £158 million Highland wind farm at Glenshero “following a year…
Sandy Crombie, the former Standard Life CEO and Royal Bank of Scotland senior independent director, has joined Scottish fintech lender LendingCrowd as chairman. Launched in late…
The UK’s Financial Conduct Authority (FCA) said it fined Edinburgh-based Tesco Personal Finance plc (Tesco Bank) £16.4 million for “failing to exercise due skill, care…
Latest figures show Scottish-registered fishing vessels landed 466 thousand tonnes of sea fish and shellfish with a value of £560 million in 2017. “This is a three…
Scottish Development International (SDI) said 2017 was a “strong” year for inward investment projects and job creation in Scotland, with 126 foreign direct investment (FDI)…
BP said on Thursday that approval has been received from the UK Oil and Gas Authority (OGA) to proceed with the £200 million Vorlich development…
Securing a smooth Brexit transition is “vital” to protect Scotland’s growing economy – even if that means extending the Article 50 negotiation period – according…
Perth-based energy giant SSE said on Tuesday it is exercising its pre-emption right in the sale of Fluor Ltd.’s 50% share in Seagreen Wind Energy…
Cumbernauld-based Irn-Bru maker A.G. Barr said its revenue grew 5.5% to £136.9 million and profit before tax and exceptional items increased 4.0% to £18.2 million…
Edinburgh-based Wireless Infrastructure Group’s (WIG) said it completed a debt fund raising of £220 million to “accelerate its investments into neutral-host, 5G-ready wireless infrastructure.” The new…
French oil and energy group Total said on Monday it made a major gas discovery on the Glendronach prospect, located off the west coast of…
North Yorkshire-based power company Drax Group is in talks to buy a number of ScottishPower assets as it continues to diversify away from coal-burning generation. Drax said…
Aberdeen-based Verus Petroleum said it agreed to acquire Cieco Exploration & Production (UK) Limited, a subsidiary of Japanese commodity trading house Itochu Corporation, in a deal…
Edinburgh-based Miller Homes said its revenue for the half year to June 30, 2018, rose 7% to £356.1 million and operating profit increased 11% to £70.5 million. Miller…
Scottish GDP grew by 0.8% in the first half of this year compared to 0.6% in the UK, according to new statistics from Scotland’s chief statistician….
Celtic plc said it made record sales revenue of £101.6 million (2017: £90.6 million) and a profit before tax of £17.3 million (2017: £6.9 million) for…
Royal Bank of Scotland is trialling two standalone digital banks under its NatWest brand, according to a report by the UK’s Press Association. A senior…
Aberdeen-based Faroe Petroleum had a “constructive” meeting with Norwegian oil and gas company DNO last week, Faroe’s chief executive said on Tuesday, amid expectations that…
UPDATE 1 — Shares of Elgin-based housebuilder Springfield Properties rose about 10% on Tuesday after it announced its maiden annual results — for the year…
Standard Life Aberdeen joint chief executive Martin Gilbert told CNBC in an interview he believes the merged firm is “a couple of years ahead of everyone…
Edinburgh-based asset management giant Aberdeen Standard Investments and London-based Rock Rail and have finalised an agreement to fund, purchase and then lease new fleets of trains…
About £615 billion of assets are currently managed in Scotland by fund management firms that are members of the UK’s Investment Association (IA), according to the latest…
The sales value of oil and gas produced in Scotland in 2017-18 is estimated to be £20 billion, an increase of 18.2% compared to 2016-17, despite…
Shares of Perth-based energy giant SSE fell about 8% on Wednesday after it said in a trading update it expects its adjusted operating profit for the…
Glasgow-based intellectual property law firm Murgitroyd Group said on Tuesday its revenue slipped to £43.9 million in the year ended May 31, 2018, from £44.3 miilion the previous year. Underlying…
Edinburgh-based funds platform Nucleus Financial Group Limited on Tuesday announced its inaugural set of interim results as a quoted company, with period end assets under administration rising…
Ineos on Tuesday announced plans to invest £60 million to expand its Grangemouth refinery. It awarded a contract to build an additional furnace on its…
Oil & Gas UK, the representative body for the UK’s offshore industry, warned on Tuesday that the sector is at a crossroads as it publishes…
Shareholders of Clydesdale and Yorkshire Bank owner CYBG and shareholders of Virgin Money on Monday overwhelmingly approved the all-share deal for CYBG to take over its Newcastle-based…
VisitScotland and Expedia Group, the world’s largest online travel company, are joining forces to help drive travel demand through supporting the country’s hoteliers. “Through the…
Royal Bank of Scotland announced announced it will use 100% renewable energy for all of its electricity by 2025. RBS demonstrated its commitment by joining…