WoodMac: N Sea ‘in balance’ without investment
The future of the North Sea oil and gas industry could hang in the balance if no further investment materialises, according to a new report by Edinburgh-based…
The future of the North Sea oil and gas industry could hang in the balance if no further investment materialises, according to a new report by Edinburgh-based…
Aberdeen-based oil and gas services giant Wood Group said on Wednesday that it expects its earnings before interest, taxes and amortization (EBITA) to December 31, 2016 to…
Aberdeen-based energy services Wood Group has won two three -year contracts valued at over $140 million to deliver technical services and expertise to an unnamed international oil…
Aberdeen-based oil and gas services giant Wood Group has been awarded a three year contract extending its work with Shell’s eight UK Continental Shelf offshore assets,…
Edinburgh-based global energy experts Wood Mackenzie have warned in a new report that there could be a 4.5 million barrels per day shortfall in oil supply…
Aberdeen-based oil and gas services giant Wood Group has won a $500 million five year contract with BP-operated projects to deliver services to eight platforms in…
Aberdeen-based energy services giant Wood Group has won a five year $150 million contract extension from Nexen — extending a deal that has been in place since April…
Aberdeen-based energy services giant Wood Group said Richard Howson, chief executive of construction company Carillion, will join Wood Group as a non-executive director on May 12, 2016….
The UK Treasury said Sam Woods has been appointed chief executive of the Prudential Regulation Authority and deputy governor of the Bank of England — the UK’s…
Aberdeen-based oil and gas services giant Wood Group has made its second acquisition this week by buying Houston, Texas-based Ingenious Inc., a supplier of software…
Aberdeen-based oil and gas services giant Wood Group said it acquired SVT Engineering Consultants (SVT) based in Perth, Australia in what it desribed as a “significant step…
Aberdeen-based oil and gas services giant Wood Group has been awarded a two year contract extension with TAQA in the North Sea. Under the contract,…
Scottish Woodlands Ltd, which is 80 per cent employee-owned, said it made pre-tax profits of more than £1.3 million on turnover of £69.5 million in the year…
Aberdeen-based energy services giant Wood Group said Jann Brown — former chief financial officer of Cairn Energy and president of the Institute of Chartered Accountants of Scotland…
Aberdeen-based engineering giant Wood Group said its has been awarded a five year framework contract with a five year extension option, valued at $120 million,…
Aberdeen-based oil and gas services company Wood Group said on Tuesday it suffered a sharp decline in revenue and profit in 2015 as low oil prices and…
Aberdeen-based Wood Group PSN said it plans to reduce the rates paid to a third of its UK-based limited company contractors by an average of 9 per…
Aberdeen-based energy services giant Wood Group has signed a five year contract with Valero Energy that marks an important expansion for Wood into the UK petrochemical sector….
Aberdeen-based energy services giant Wood Group has won a new contract with PetroRio to deliver services to the Polvo A platform in the southern Campos basin, about 100…
Aberdeen-based oil and gas services giant Wood Group said it has acquired Springboro, Ohio-based Kelchner Inc, a privately-owned construction and energy field services company, for…
Shares of Aberdeen-based global energy services giant Wood Group rose almost 3% on Thursday after it published a strong trading update for the year to…
North Sea oil and gas doyen Ian Wood believes the next few years will be the industry’s toughest — with up to 10,000 job losses in…
Aberdeen-based oil and gas services giant Wood Group has won a multi-million dollar contract to provide engineering services to BP in the Gulf of Mexico, UK…
Aberdeen-based global oil services giant Wood Group said its chief operating officer Robin Watson would succeed veteran Bob Keiller as chief executive officer on January 1….
Macfarlane Group, the Glasgow-based packaging, design and distribution firm, announced the acquisition of A & G Holdings Limited, owner of Manchester-based Gottlieb Packaging Materials Limited. “This…
The UK’s Prudential Regulation Authority (PRA) said it has fined Carlos Abarca, the former chief information officer (CIO) of TSB Bank plc, £81,620 over the…
Whisky casks are continuing to outperform more traditional investment and alternative investment options including gold, according to the latest market report issued by investment experts…
Shares of Edinburgh-based Artisanal Spirits Company plc (ASC), owner of The Scotch Malt Whisky Society (SMWS), rose as much as 8% on Wednesday after it…
British finance minister Jeremy Hunt set out his budget on Wednesday in an effort to pull the UK economy out of its run of stagnant…
Scottish marketing and communications agency BIG Partnership has reported a strong start to 2023 with a raft of new client wins and an expansion of its…
Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, announced it has has secured outline planning consent to create a sustainable new…
NatWest Group — formerly known as RBS — said its operating profit before tax rose 33% to £5.1 billion in 2022 as its total income rose…
Edinburgh came in second place and Glasgow in third place in real estate firm Colliers’ latest Top UK Residential Investment Cities report. The city of…
UK investors withdrew £25.7 billion from funds in 2022, the first annual outflow recorded by the Investment Association (IA). Investors took £282 million out of…
Ahead of the Six Nations rugby starting this weekend, new data from social investing network eToro shows that the strongest XV Scotland-headquartered stocks have easily…
Edinburgh-based oil and gas firm Capricorn Energy announced that it has conceded victory to shareholder pressure with CEO Simon Thomson, chair Nicoletta Giadrossi and several directors…
The Scottish Government’s newly-published energy strategy has been branded a “breathtaking betrayal” of the oil and gas sector by Russell Borthwick, the chief executive of…
Legal & General Capital announced that it committed around £5 billion towards “levelling up” the UK’s towns and cities across 2022, driving regional economic growth,…
The UK’s Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have fined TSB Bank plc a total of £48.6 million for operational risk…
Edinburgh-based Capricorn Energy announced that its third-biggest shareholder Palliser Capital has called for a general meeting of the firm to set a vote on removing seven Capricorn…
Aberdeen-based North Star said it has secured a £140 million financing package to support the next phase of its offshore wind growth plan as it looks…
Standard Life, part of Phoenix Group, said it has concluded a £200 million Bulk Purchase Annuity (BPA) transaction with the Agfa UK Group Pension Plan,…
Standard Life, part of Phoenix Group, said it has concluded a £530 million Bulk Purchase Annuity (BPA) transaction covering 3,000 members of the Cobham Pension…
Glasgow-based Smart Metering Systems plc (SMS) announced that Gavin Urwin will step down as chief financial officer (CFO) and as an executive director of SMS…
By Mark McSherry — Grant Thornton’s Scotland Limited report for 2022 shows that Scotland’s top 100 private limited companies make aggregate turnover of £28 billion, employ 132,000…
Student startup firms from the University of Edinburgh have secured over £30 million in combined investment over the last year, nearly three times the amount…
Standard Life, part of Phoenix Group, said it has concluded a £1 billion Bulk Purchase Annuity (BPA) transaction covering 13,000 members of the WH Smith…
Norway’s Equinor has submitted plans to UK regulators for the development of Rosebank, a major oilfield west of Shetland which would start production in late…
Offshore Energies UK (OEUK) announced on Friday that its chief executive Deirdre Michie will step down at the end of 2022 after almost eight years…
Leeds-based JMG Group said it has acquired Scotland’s largest independent insurance broker GS Group, subject to FCA approval. The deal represents JMG Group’s second acquisition…
Shepherd Chartered Surveyors announced it has been appointed by the joint administrators of Countesswells Development Limited (CDL) to market a massive 3,100-home development site west…
A £30 million transformation programme has been unveiled by Bruntwood SciTech after it acquired Glasgow’s Met Tower — the old City of Glasgow College building —…
The UK’s Pension Protection Fund (PPF) announced that its investments in forestry have grown 20% over the last year to reach £1 billion. Last year the…
Standard Life, part of Phoenix Group, said it has concluded a £175 million bulk purchase annuity (BPA) transaction covering all 2,000 members of the Findel…
Hymans Robertson, the pensions and financial services consultancy, has promoted six executives to partner in its Glasgow and London offices. The company said Shirley Brown,…
The Scottish Association of Landlords (SAL) has said the Scottish Government “must dump damaging rhetoric criticising private landlords” and instead encourage investment in the sector…
Glasgow-based Smart Metering Systems plc (SMS) has announced that CEO Alan Foy will step down as chief executive officer and as an executive director of SMS…
Baillie Gifford’s £1 billion Schiehallion Fund was the best performing investment trust of 2021 with a price total return of 103.3% as private equity trusts dominated…
Edinburgh has 19 of Scotland’s 25 most expensive streets, according to a new report from Bank of Scotland based on Registers of Scotland data. Regent Terrace…
Kintore, Aberdeenshire-based oil and gas pipeline specialist STATS (UK) Limited announced that its shareholders agreed to sell the company to SRJ Technologies Group plc (SRJ)…
The independent Scottish Fiscal Commission said on Thursday it expects a strong economic recovery in 2021-22, with Scottish GDP growing by 10.4% and economic activity…
Zetland Capital Partners LLP, a London based private equity firm, has announced its funds have agreed to acquire the 338-bedroom Macdonald Manchester Hotel and the…
Bradford-based supermarket giant Morrisons has announced it will become the first supermarket to own its own recycling operations through the acquisition of a significant stake…
Standard Life, part of Phoenix Group, has concluded a £130 million bulk purchase annuity transaction covering all pensioner and deferred members of the PerkinElmer (UK)…
A new strategy to secure a £4 billion share of the global space market for the Scottish economy has been published by the Scottish Government….
The Scottish Investment Trust plc (SCIN) announced on Wednesday it plans to give up on its in-house management team and independence and combine with the JPMorgan…
A newly formed group of big companies with major a footprint in Scotland have joined forces to launch a new climate action initiative ahead of…
Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, has announced five new appointments to its bulk purchase…
Edinburgh-based Artisanal Spirits Company plc, owner of The Scotch Malt Whisky Society (SMWS), said on Thursday its first-half revenue increased 20% to £7.9 million in…
Glasgow-based Smart Metering Systems plc (SMS) said on Monday it will seek to raise around £175 million by selling stock in a share placing and has…