80% of Scots public sector contracts go to SMEs
Almost 80% of public sector contracts in Scotland are now awarded to small and medium businesses (SMEs) as a result of Scottish Government legislation. “In…
Almost 80% of public sector contracts in Scotland are now awarded to small and medium businesses (SMEs) as a result of Scottish Government legislation. “In…
The UK’s Oil and Gas Authority (OGA) said on Wednesday it has offered for award 123 licences over 229 blocks or part-blocks to 61 companies…
The Scotch Whisky Association (SWA) has released an analysis of the industry’s 2017 export performance that indicates the UK trade deficit would be almost 3%…
Edinburgh-based fund management firm Martin Currie, the active equity specialist that is part of the Legg Mason group, said it made a “key strategic hire”…
Scotland’s employment rate in 2017 was 74.3% — the highest on record. Last year, 2,618,100 people were in employment in Scotland — also the highest on record. The…
Crown Estate Scotland on Monday unveiled proposals to lease seabed to encourage a new generation of offshore wind projects in Scotland’s waters. A Crown Estate…
The Scottish government’s culture secretary Fiona Hyslop has written to Ofcom expressing her regret over the planned loss of STV News Tonight “and the potential…
Edinburgh-based aviation logistics and news distribution company John Menzies plc said on Friday the planned sale of its distribution business is taking longer than anticipated. Menzies has undergone…
The amount of organic farmland in Scotland rose slightly in 2017, the first increase since 2008, the Scottish Government said. There was also an increase…
Irish bookie Paddy Power Betfair plc has confirmed it is in discussions to merge its US operations with fantasy sports company FanDuel. “Paddy Power Betfair plc notes…
The UK’s East Coast rail service between Edinburgh and London will be temporarily taken back under public control after UK Transport Secretary Chris Grayling said he…
Glasgow-based media firm STV Group plc said on Wednesday it will close its loss-making STV2 channel with the loss of 25 jobs and also cut 34…
Shares of Glasgow-based packaging firm Macfarlane Group rose more than 3% after it said in an AGM statement that group profit for the year to date “is…
Shares of Edinburgh-based international oil and gas company Cairn Energy rose about 3% after the firm made a bullish statement at its AGM. Cairn CEO…
The Scottish parliament voted on Tuesday to refuse consent to the UK’s Brexit legislation. The vote increases constitutional uncertainty over how the UK’s exit from…
The Scotch Whisky Association (SWA) said it appointed Gerry McFall as its director of strategy and communication. Most recently, McFall has been the director of…
Shares of Clydesdale and Yorkshire Bank owner CYBG fell more than 5% on Tuesday as the bank reported a statutory first-half loss of £76 million…
Output across the Scottish private sector increased at the fastest pace since October 2017 at the beginning of the second quarter, according to the latest IHS…
A total of 1,206,540 passengers passed through Edinburgh Airport last month, making it the busiest April on record at Scotland’s busiest airport. The total number…
Aberdeen Standard Investments (ASI) said it invested more than £44 million in two strategic transactions that increase its total residential assets under management in the…
Clyde Valley Housing Association (CVHA) has arranged a £70 million private placement deal with Canada Life to support the delivery of 700 new homes across…
Shares of Aberdeen-based oil and engineering giant Wood plc soared 9% on Friday after it reported good trading momentum in the first quarter at its…
A new report into the workforce dynamics of the UK oil and gas workforce indicates that more than 40,000 new people will need to be…
Shares of East Kilbride-based Goals Soccer Centres fell about 6% after it said ahead of its AGM that bad weather in March reduced its sales by £500,000. Goals…
Aberdeen-based oil and engineering giant Wood plc said it won a contract to help expand the Tasiast gold mine in Mauritania, West Africa. Wood said…
The Royal Bank of Scotland Group Plc (RBS) has reached “an agreement in principle” and agreed to pay $4.9 billion to resolve a US Department of…
The UK leads the planned projects count in the North Sea to 2025, according to a new report from data and analytics company GlobalData. A…
Leeds-based engineering services group Renew Holdings said it will acquire QTS Group, a specialist independent rail contractor based in Strathaven, Scotland, for £80 million in cash….
Ellon, Aberdeenshire-based craft brewing firm BrewDog said it appointed Jason Marshall to the newly created role of chief financial officer. “Jason brings a great wealth…
The UK’s Oil and Gas Authority said production efficiency (PE) on the UK Continental Shelf has risen for a fifth consecutive year — increasing to 74% in 2017….
Shares of Aberdeen-based bus and rail giant FirstGroup fell about 14% after US private equity firm Apollo Global Management said it dropped plans to make…
Edinburgh-based fund management giant Standard Life Aberdeen (SLA) has launched a contract dispute process against Lloyds Banking Group (LBG) over LBG’s decision to cancel a £109 billion…
The UK’s Competition and Markets Authority (CMA) said it has referred the proposed merger of Perth-based SSE Retail and Npower for an in-depth investigation “after…
UPDATE 2 — Edinburgh and Newcastle-based challenger bank Virgin Money Holdings (UK) Plc said on Monday it received a preliminary and conditional all-share takeover offer from CYBG…
The executive who has spent the last two years managing UK taxpayers’ stake in Royal Bank of Scotland (RBS) could be set to join RBS…
Aberdeen Standard Investments said its infrastructure team has made a second investment in a gas pipeline and processing system. The team has acquired the InfraVia…
North Sea oilfields connected to the Brent oil pipeline have stopped production due to a shutdown at Shetland’s Sullom Voe oil terminal to fix a “minor…
France’s EDF Group said it bought the controversial 450 megawatt Neart na Gaoithe offshore wind farm off the coast of Fife. EDF said the total investment…
Scotch Whisky Association CEO Karen Betts warned on Thursday that Brexit is likely to be “disruptive” for the industry and that the loss of certain…
Standard Life Aberdeen plc said on Thursday it is “considering the potential for a substantial return of capital to shareholders” after it completes a deal to…
Scotland’s onshore GDP for the whole of 2017 is estimated at £152.1 billion, or £28,046 per person in current prices, according to the latest Quarterly National…
Shares of Elgin-based housebuilder Springfield Properties rose 8% after it said it completed the acquisition of Glasgow-based housebuilder Dawn Homes for up to £20.1 million. Springfield…
Aberdeen-based oil and engineering giant Wood plc and IBM announced they have entered into an agreement to “conceive and offer compelling new digital products and…
Shares of Edinburgh and Newcastle-based Virgin Money rose about 6% after it said in a first-quarter trading update that it reaffirmed its 2018 guidance on performance and…
Royal Bank of Scotland said it will cut almost 800 jobs and close 162 branches following a review of its branch network in England and Wales….
Johnston Press — the embattled owner of The Scotsman, the i newspaper, the Yorkshire Post and about 200 local newspapers and websites — said Ashley Highfield has…
Edinburgh-based Miller Homes said its 2017 profit before tax rose 22% to £109.3 million on revenue that was up 19% at £675 million. Private equity firm Bridgepoint…
Almost £1 billion a year is to be invested to fund a huge expansion of early learning and childcare in Scotland. Scottish Ministers and Convention…
The Scottish government said more affordable homes will be delivered across Scotland this year following a £35 million increase to council allocations — bringing the…
The Queensferry Crossing, a new hospital and major motorway improvements were among the £3 billion worth of infrastructure projects completed in Scotland last year, the…
Sainsbury’s has agreed to buy Walmart’s Leeds-based subsidiary Asda for about £7.3 billion in cash and shares to create the UK’s largest supermarket group by…
J Sainsbury plc confirmed on Saturday that it is in “advanced discussions” about merging with Walmart’s Leeds-based subsidiary Asda. It is not yet clear how…
Royal Bank of Scotland on Friday reported attributable first-quarter profit of £792 million compared with £259 million for the same period of 2017, beating analysts’…
UK Health and Safety Executive (HSE) boss Chris Flint has warned North Sea oil and gas operators about continued hydrocarbon releases, urging the industry to…
TSB chief executive Paul Pester said on Thursday he would take control of the bank’s IT platform and bring in IBM experts to help fix…
The Competition and Markets Authority (CMA) said on Thursday it has decided the proposed merger of Perth-based SSE Retail and Innogy subsidiary Npower “warrants further…
The Scottish Government’s Brexit Minister Michael Russell said the UK Government’s amendments to the EU Withdrawal Bill make it “crystal clear in terms never seen…
Aberdeen Standard Investments voted against the “enormous” remuneration packages for executives at York-based housebuilder Persimmon including a £75 million package for Persimmon CEO Jeff Fairburn at the…
The Scottish Government’s Brexit minister Michael Russell said on Tuesday the UK Government’s EU Withdrawal Bill will continue to “enable the powers of the Scottish…
Peel Ports said it has partnered with the UK’s largest rail freight company, DB Cargo UK, to provide a new rail service for containers via…
The Scottish FA announced the appointment of Ian Maxwell as its new chief executive. Ian Maxwell, 42, will join the Scottish FA at the end…
More travellers than ever before used the 11 airports of Highlands and Islands Airports Ltd (HIAL) in the financial year 2017-2018. Latest airport passenger figures from…
UK Government Investments (UKGI), the body which manages the UK government’s stake in Royal Bank of Scotland, said on Friday it appointed Credit Suisse’s Charles…
The latest Scottish Chambers of Commerce quarterly economic indicator survey has shown rising levels of investment across Scottish businesses as expectations grow among firms for…
Scotland’s population has increased for the for the eighth year running and now stands at a record high of 5.42 million, according to the National…
Glasgow-based engineering giant Weir Group said on Thursday it agreed to buy Portland, Oregon-based ESCO Corp. for about $1 billion in cash and shares as it…
Shares of Clydesdale and Yorkshire Bank owner CYBG fell more than 5% after it said it expects to increase its provisions for legacy PPI costs as at…
Shares of Glasgow-based Beeks Financial Cloud Group, a cloud provider for institutional capital markets, rose 4.5% after it announced its entry into the equities automated trading…
Royal Bank of Scotland said it will make total payments of up to £3.5 billion into its pension scheme in the coming years, clearing one of the…
The UK government said its senior law officers, the Attorney General and the Advocate General for Scotland, are referring EU exit legislation passed in the…