The number of passengers using Lerwick Harbour in Shetland increased by 10% to 184,487 in 2016 thanks to a 67% rise in visitors on cruise ships to a record…

Edinburgh-based fund manager Standard Life Investments said it has strengthened its environmental, social and governance (ESG) investment team with the appointment of Deborah Gilshan as…

The UK Supreme Court has ruled that prime minister Theresa May must get the approval of the UK parliament before she begins the process for…

North Sea exploration firm EnQuest said it agreed to acquire from BP an initial 25% interest in the Magnus oil field for about $85 million — with an option to…

Edinburgh-based Apex Hotels Limited said its turnover rose 7% to £61.3 million and profit before tax soared 132% to £10.3 million in the year to April 30,…

Scottish headquartered law firm Brodies LLP said it appointed three new partners who are “recognised leaders in the fields of infrastructure projects, real estate finance and…

Edinburgh-based fund manager Baillie Gifford & Co. announced it would appoint three new partners on May 1, 2017, taking its total number of partners up to 43. Baillie Gifford employs…

The Brexit vote caused a “dramatic drop off” in recruitment activity across the Scottish financial sector and led to “paralysis” in salaries, according to leading…

Network Rail said Alex Hynes, the current managing director of Arriva Rail North, will be appointed managing director of the ScotRail Alliance. He will replace Phil…

The UK government may cancel the planned sale of Edinburgh-based Green Investment Bank (GIB) to Australian investment firm Macquarie, and could push instead for a £3.8 billion…

Network Rail and Abellio announced that ScotRail Alliance managing director Phil Verster will be moving to become managing director of the planned East West rail project…

Shares of Edinburgh-based FreeAgent Holdings, which provides accounting software for small businesses, rose for a second successive day following the announcement that it won a major contract with…

The Scottish government’s external affairs secretary Fiona Hyslop will visit Japan next month to strengthen economic and cultural ties between the two countries. Hyslop will meet business…

Crab and lobster, landings of which were worth £26.8 million to the Scottish economy in 2015, are to be given additional protection through new conservation…

The Scottish Government has published detailed proposals of a plan to achieve a 66% reduction in Scotland’s greenhouse gas emissions by 2032. Cabinet Secretary for…

Spending by North American visitors to Scotland rose 28% to a record £633 million in the 12 months to the end of September 2016, according to new figures….

Manchester United regained first place in the Deloitte Football Money League, ending the 11-year run of Real Madrid. Deloitte said record revenue of €689 million (about £515 million)…

The UK’s housing stock is now worth a record £6.79 trillion, about 3.65 times the UK’s GDP, according to new analysis published by Savills. London and…

Airdrie Savings Bank (ASB), established in 1835, has told customers and staff it will close down because “as a very small bank, we will not…

Leaders of Unite the union have urged The City of Edinburgh Council to follow the example of Aberdeen City Council which has just completed a successful £370…

Clydesdale and Yorkshire Bank owner CYBG said that 40 branches of Clydesdale Bank and 39 branches of Yorkshire bank will close in 2017 “as part…

Aberdeen-based Faroe Petroleum said it has been awarded four new prospective exploration licences, including two operatorships, on the Norwegian Continental Shelf. Faroe Petroleum CEO Graham Stewart…

Unemployment in Scotland in the September to November quarter was down 12,000 on the same quarter last year, but rose by 11,000 during the period to 139,000, according to UK’s…

Norwegian multinational Statoil said it agreed to divest 25% of its assets in Hywind Scotland pilot park, the world’s first floating wind farm, to Abu…

Shares of Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, rose about 6% after it said in a trading update that it expects to…

The Green Investment Bank Offshore Wind Fund said it exceeded its initial £1 billion target with its sixth UK asset acquisition — a 44% stake in the…

More than 93% of the office space purchased in Edinburgh in 2016 was bought by overseas investors, according to new research from property firm JLL….

UPDATED – Aberdeen Asset Management said in its latest annual report that “taking account of the financial performance in 2016” salaries for its employees earning…

East Kilbride-based Goals Soccer Centres said former chief executive Keith Rogers, an executive director, has stepped down from the company’s board. Current goals CEO Mark Jones said: “On…

The latest Bank of Scotland regional Purchasing Managers’ Index (PMI) showed business activity in Scotland returned to growth in December, with a rebound in job…

Glasgow-based drinks company Edrington — owner of The Macallan, Highland Park and Famous Grouse — has announced a number changes in its executive ranks. Edrington said Bill Farrar, managing…

UPDATED – Shares of Johnston Press, owner of The Scotsman, the i newspaper and the Yorkshire Post, have risen almost 20% this week amid speculation…

The Scottish Government said more than half of all commercial properties in Scotland will pay no business rates in 2017-18. It said that as a result…

The University of Aberdeen said it appointed Aberdeen Asset Management CEO Martin Gilbert as senior governor to lead its governing body, the University Court. The senior governor…

Glasgow-based engineering giant Weir Group said it appointed David Paradis to its group executive as division president of Weir Flow Control, effective January 23. Paradis succeeds John…

Highlands and Islands Airports Ltd (HIAL) said passenger numbers rose 10.6% to a record 1,606,168 travellers at its 11 airports across Scotland in 2016. HIAL is…

The Financial Stability Board (FSB) has published its policy recommendations to address structural vulnerabilities in the global asset management industry. The asset management industry grew to $76.7…

The average selling price of a house in east central Scotland increased by 2% in 2016, compared with 5.6% in 2015, according to the ESPC….

Shares of Glasgow-based sausage skin and collagen products firm Devro rose about 3% after it said its performance had recently improved in China, Russia and South East Asia and…

Scotland’s two largest airports — Edinburgh and Glasgow — had record numbers of passengers in 2016, handling almost 22 million travellers. Edinburgh Airport said it had 12.37 million…

The number of people working in Scottish tourism rose 11% to 217,000 between 2014 and 2015 — representing roughly 9% of Scotland’s total employment, according to…

Former Saatchi & Saatchi chairman Kevin Roberts — who resigned from his role last year after he made controversial comments about gender in the advertising industry in an interview…

Aberdeen-based oil and gas services giant Wood Group said it secured a five year, multi-million dollar framework agreement to continue to provide engineering and project management services…

Edinburgh-based oil and gas company Cairn Energy said it appointed industry veteran Nicoletta Giadrossi as an independent non-executive director and a member of its remuneration committee. Cairn chairman Ian Tyler…

Aberdeen City Council leader Jenny Laing performed the opening ceremony at the London Stock Exchange on Tuesday to mark the local authority’s successful £370 million bond issue….

Edinburgh-based sustainability software and data company Ecometrica has won a contract worth more than £14 million from the UK Space Agency’s recently launched International Partnership…

The UK government said its has now recovered more than £18 billion of the £20.3 billion that taxpayers injected into the Lloyds Banking Group — owner of the Bank…

TH Real Estate said it agreed to acquire the OMNi centre in the east end of Edinburgh city centre from Aviva Investors. The OMNi centre…

New figures from PwC’s Skyval Index show that deficits of UK defined benefit (DB) pension funds stood at £560 billion at the end of 2016, up…

Shares of Glasgow-based retail marketing company SpaceandPeople fell about 25% after it said trading during the key month of December was poorer than expected. In a…

Media group Future plc said it acquired the magazines, domain names, events, radio licence and websites of Classic Rock, Metal Hammer, Prog, Blues and the Golden…

The Institute for Public Policy Research Scotland (IPPR Scotland) has warned that the Scottish skills system needs to be reformed to adapt to an economy…

Emerging markets specialist Aberdeen Asset Management believes that any imposition of trade barriers after Donald Trump becomes president of the United States “may force some…

Demand for Edinburgh townhouse office-to-residential conversions has surged, driven largely by rising residential prices in Edinburgh’s west end and New Town, according to Shepherd Chartered Surveyors. The firm…

A new Master’s Degree in Financial Technology (Fintech) is to be launched at the University of Strathclyde to support the digital transformation of Scotland’s financial…

The Scottish government has launched a 12-week consultation on the long term framework for the devolved management of the Crown Estate in Scotland. It said…

Edinburgh-based synthetic biology company Synpromics announced a research collaboration with GE Healthcare “to jointly develop customised synthetic promoters optimised for GE Healthcare’s proprietary biopharmaceutical manufacturing…

Glasgow-based mobile power company Aggreko said it has been awarded a contract to be the official temporary electricity generation provider for the Olympic Winter Games PyeongChang 2018. Aggreko…

Edinburgh-based Aegon UK said it completed the roughly £140 million purchase of Cofunds — an investment platform for financial advisers — following regulatory approval. Cofunds had about £77 billion…

Low-cost airline Norwegian said it will create more than 130 crew and pilot jobs in Scotland as it prepares for continued growth at Edinburgh Airport in…

The UK’s manufacturing sector ended 2016 on a positive note with rates of growth for production and new orders in December among the best seen over…

Jim Duffy, co-founder of Scottish-based business incubator network Entrepreneurial Spark, announced he will leave the company in the summer of 2017. Duffy said Entrepreneurial Spark…

The Russell Group of 24 leading UK universities — which includes Edinburgh and Glasgow — is looking for a new director general following Wendy Piatt’s decision to stand down…

More than 100 individual shareholders of Royal Bank of Scotland (RBS) — coordinated by shareholder groups ShareSoc and UKSA — have requisitioned a resolution to install a new…

Scottish Retail Consortium director David Lonsdale said shops enjoyed a “modest and welcome uplift in retail sales” in the final few months of the year —…

Glasgow and Edinburgh-based Change Recruitment Group (CRG) said growth in its accountancy-finance, IT-digital and temporary-contract businesses helped it offset continuing challenges in the oil and gas market in 2015-16. CRG…

Updated — The proposed sale of the UK government’s Edinburgh-based Green Investment Bank (GIB) for up to £2 billion is facing increased political scrutiny following allegations that…

Investment in Scotland’s motorways and trunk roads will rise about 18% to just under £1 billion in 2017-18, taking projects currently under construction to almost £6 billion, according to…

Sports Direct International said it agreed sell its rights to the Dunlop brand and related wholesale and licensing businesses to Sumitomo Rubber Industries (SRI) for $137.5 million in…

The Scottish Government has set up a Creative Industries Advisory Group to advise ministers on the support the sector needs. Invitations to become members of the group have…