CMA probes FirstGroup’s West Coast rail franchise win
The UK’s Competition and Markets Authority said on Friday it is investigating the award of the West Coast Partnership rail franchise to Aberdeen-based FirstGroup and Italy’s…
The UK’s Competition and Markets Authority said on Friday it is investigating the award of the West Coast Partnership rail franchise to Aberdeen-based FirstGroup and Italy’s…
Serco Group said it has been selected as preferred bidder to continue managing and operating the Northern Isles ferry services for passengers and freight between…
San Francisco-based Unity Technologies on Friday announced the acquisition of Edinburgh-based gaming analytics firm DeltaDNA. DeltaDNA is used by many of the world’s leading games…
Royal Bank of Scotland Group plc (RBS) on Friday confirmed the appointment of Alison Rose as chief executive officer (CEO). Rose becomes the first woman…
One quarter (25%) of assets managed by UK-headquartered investment management firms are controlled by companies with headquarters in Scotland, according to the annual report of…
Scotland’s 19 universities face rising costs and funding cuts, and three of the country’s four “ancient” universities — Glasgow, Edinburgh and St Andrews — are…
DeepMatter Group plc, the Glasgow AIM-listed company focusing on digitizing chemistry, said on Thursday its is excited by the scale of its pipeline of opportunities…
Glasgow City Council has secured another massive property-backed loan to help fund its historic £500 million equal pay settlement. Canada Life Investments announced the completion…
The Scottish Government said that following a period of sustained economic growth, Scotland’s gross domestic product (GDP) contracted by 0.3% in the second quarter –…
Whisky and spirits giant Diageo said late on Tuesday that following further negotiationss, its improved offer has been recommended for acceptance by both the GMB…
Edinburgh-based aviation servicing company John Menzies said on Tuesday it was “disappointed” shareholders voted against plans to cancel preference shares. At a general meeting, 63.6%…
Shares of Glasgow-based Smart Metering Systems (SMS) fell about 17% on Tuesday after it said it reported a pretax loss of £1.7 million for the six…
Shares of Glasgow-based global intellectual property law firm Murgitroyd Group rose about 15% on Tuesday after it said its revenue increased 7.5% to £48 million and profit before…
ExxonMobil said on Tuesday it plans to invest £140 million over the next two years at its Fife ethylene plant at Mossmorran — partly to…
JPMorgan Chase & Co. on Tuesday announced plans to build a new state-of-the-art technology base in Glasgow that coincides with the firm’s 20th anniversary in…
Shares of Springfield Properties, which is building a number of new towns and villages throughout Scotland, rose about 5% on Tuesday after it said its revenue…
Aberdeen-based transport giant FirstGroup is considering potential options for the separation of its UK First Bus business, a company spokesman told Reuters. The Sunday Telegraph…
Oil prices rose more than 15% at the open on Sunday after an attack on Saudi Arabia’s oil facilities on Saturday that knocked out more…
London Stock Exchange Group plc (LSEG) on Friday rejected the recent $39 billion takeover approach from Hong Kong Exchanges and Clearing (HKEX). The Hong Kong…
Perth-based energy giant SSE plc said on Friday it agreed to sell its energy retail arm SSE Energy Services to Ovo Group for an enterprise…
Babcock said on Thursday it has been selected by the UK Ministry of Defence (MOD) as the preferred bidder for a £1.25 billion contract to…
Hong Kong Exchanges and Clearing (HKEX) made a surprise $39 billion takeover approach for the London Stock Exchange (LSE) on Wednesday. The approach aims to…
Scotland’s highest court of appeal ruled on Wednesday that Boris Johnson’s decision to suspend the UK parliament this week for five weeks was unlawful and…
Investec Structured Property Finance is to fund Chicago-based CA Ventures’ first UK student accommodation development with a £64 million loan. The financing, Investec’s largest purpose-built…
Standard Life Aberdeen plc (SLA) announced that former Zurich Insurance Group executive Cecilia Reyes will be appointed a non-executive director of SLA with effect from…
Springfield Properties, which is building a number of new towns and villages throughout Scotland, on Tuesday announced its first land acquisition in the Inverness area as…
Edinburgh-based funds platform Nucleus Financial Group said on Tuesday its assets under administration (AUA) increased 6.9% year-on-year to £15.3 billion as it published results for the six months ended…
Shares of Edinburgh-based international oil and gas company Cairn Energy rose about 7% on Tuesday after it announced strong half-year results and a production target upgrade. Cairn…
Dutch financial giant Aegon announced on Tuesday that former Direct Line Group and RSA Insurance Group executive Mike Holliday-Williams will succeed Adrian Grace as CEO…
Shares of West of Shetland oil and gas explorer Hurricane Energy plc rose about 5% on Monday after it confirmed it has struck oil at its…
Lloyds Banking Group (LBG) said on Monday it will make extra provisions for payment protection insurance (PPI) claims of between £1.2 billion and £1.8 billion…
Project Heather, the firm creating a new Scottish Stock Exchange based in Edinburgh’s George Street, on Monday announced another senior appointment to its executive team….
Glasgow-based engineering giant Weir Group said on Friday it has been awarded a £100 million order to provide energy saving solutions to the $2.6 billion…
The Baillie Gifford Prize for Non-Fiction will hold its first ever US event at the Brooklyn Book Festival on Sunday, September 22. American-Ukrainian author Serhii…
Dundee-based investment firm Alliance Trust plc said Willis Towers Watson, its appointed external investment manager, has added Alabama-based Vulcan Value Partners (VVP) to its multi-manager…
The Scottish Government said that more than half of all Scottish goods exports were sent to Europe in the last quarter, citing HMRC regional trade…
Sotheby’s has announced it will present “The Ultimate Whisky Collection” on September 27 in what it is calling “the most valuable collection of whisky ever to…
Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial market trading, said on Thursday its revenues increased 32% to £7.35 million and underlying profit…
Dundee-based investment firm Alliance Trust, which appointed external asset managers Willis Towers Watson in 2017, said on Thursday that Scottish boardroom veteran Robert Smith has decided…
The chief executive of Newcastle-based bus and rail giant Go-Ahead Group has signalled potential interest in Aberdeen-based FirstGroup’s under-review UK bus division. Speaking to the…
Shares of Glasgow-based banking group CYBG — owner of Virgin Money, Clydesdale Bank and Yorkshire Bank — fell more than 20% on Thursday after it…
The Scottish Salmon Company PLC (SSC) has said it could reach a decision on whether to sell all or part of the company by the…
Glasgow-based banking group CYBG — owner of Virgin Money, Clydesdale Bank and Yorkshire Bank — said on Wednesday evening it expects to increase its provisions for…
Shares of troubled Glasgow-based fashion firm Quiz fell another 15% on Wednesday after it issued a downbeat trading update covering the financial year-to-date at its AGM….
Royal Bank of Scotland (RBS) said on Wednesday it expects to face a further charge of up to £900 million to settle a final compensation…
Whisky and spirits giant Diageo is facing the possibility of disruption to its substantial Scottish operations after unions announced a planned series of strikes in…
First Minister Nicola Sturgeon announced on Tuesday a 2019-20 Programme for Government that includes a “Green New Deal’” that harnesses the power of the new…
French energy giant Total could invest up to $10 billion in the North Sea over the next five years, CEO Patrick Pouyanne said on Tuesday. …
UPDATE 3 — Edinburgh-based Tesco Bank announced on Tuesday the sale of its mortgage portfolio to Lloyds Banking Group for £3.8 billion in cash. “The…
Shares of Edinburgh-based Craneware, a software firm that specializes in US healthcare, rose 4% on Tuesday to recover some lost ground after the firm said its…
Glasgow-based media firm STV Group plc said on Tuesday its revenue for the six months to June 30 fell 5% to £54.9 million “primarily due to…
The Scottish Government said on Monday afternoon that the Lord Advocate James Wolffe QC has lodged applications to intervene in two legal cases “aimed at…
West of Shetland oil and gas explorer Hurricane Energy plc on Monday gave investors an update on its important Lancaster field, where it achieved “First…
Glasgow-based packaging and distribution firm Macfarlane Group said on Monday it acquired Leyland Packaging Company (Lancs) Limited for up to £3.25 million. “The acquisition is in…
S&P Global Ratings said global new bond issuance through July 2019 totaled $3.96 trillion, up 8.9% on the same stage of 2018. “The increase is…
The Scotch Whisky Association (SWA) said on Friday that official HMRC figures show the value of Scotch Whisky exports increased 10.8% to £2.19 billion in…
Osborne+Co, the property investment firm behind the development for 3,000 employees at Argyle Street in Glasgow’s International Financial Services District (IFSD), said on Thursday it…
Ruth Davidson quit as leader of the UK Conservative Party in Scotland on Thursday, claiming she felt conflicted over Brexit and that she wanted to…
The Scottish Government’s Finance Secretary Derek Mackay is demanding that the UK Government “provide clarity” on the economic impact of a ‘no deal’ Brexit to…
Troubled East Kilbride-based Goals Soccer Centres plc said on Thursday it has “commenced a process to invite offers for the business and assets of the company.”…
New Jersey-based data analytics firm Verisk, owner of Edinburgh-based consultancy Wood Mackenzie, said it agreed to acquire Genscape, a provider of intelligence for commodity and…
The total value of commercial property sales in Scotland fell to £614 million in the second quarter of 2019 — the lowest in five years…
Enhanced 4G and 5G capability has the potential to increase Scotland’s GDP by £17 billion by 2035, according to a new report from Scottish Futures…
Law firm Aberdein Considine’s latest quarterly Property Monitor recorded residential property transactions in Scotland worth more than £8 billion between January and June this year. That’s the…
Leading Scottish think tank Fraser of Allander Institute (FAI) on Friday criticised as “pretty shocking” what it called the “level of misinformation and bad analysis”…
Scottish Rugby said on Friday it has appointed prominent English RFU coach Jim Mallinder as its new performance director. According to London newspapers, Mallinder was…
The Competition and Markets Authority (CMA) said on Friday it has taken action against Royal Bank of Scotland (RBS) and Santander after they “failed to…
Aberdeen-based engineering and oil services giant Wood plc said it has been appointed by the World Bank to “assess the potential of shifting freight movements…
Glasgow-based packaging and distribution firm Macfarlane Group said on Thursday its first-half turnover rose 5.4% to £107.5 million and profit before tax was 8.7% higher…
A Scottish company and a Dutch port are working on launching a new freight ferry line ahead of the UK’s possible exit from the European…