Cairn Energy shares up after bullish AGM statement
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…
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…
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…
Lerwick Harbour in Shetland is set for a record year of cruise liner visitors. Over the next eight months, the Shetland port said it is…
The crucial Forties oil and gas pipeline in the North Sea was shut for a second time in two months on Wednesday. The latest shutdown…
Julie Hesketh-Laird is to take over as chief executive of the Scottish Salmon Producers Organisation (SSPO) following the retirement of Scott Landsburgh, who has held…
BP has announced two new exploration discoveries in the North Sea that it said will help it double its production to 200,000 barrels a day by…
Aberdeen corporate finance expert Tom Faichnie has predicted the Granite City will experience a surge in merger and acquisition deal activity in 2018. Faichnie, managing…
Grangemouth refinery operator Ineos said all restrictions on the flow of oil and gas from platforms feeding into its crucial North Sea Forties Pipeline System…
The latest IHS Markit Report on Jobs data for Scotland indicated a further improvement in labour market conditions — with the number of people placed…
The Scottish Government announced that it “will not support the development of unconventional oil and gas in Scotland” — meaning there is an “effective ban”…
Inverness Airport saw a 23.5% increase in passenger numbers in the last financial year – up to 829,018 during 2016-17. Inverness recorded the highest monthly…
Australia’s Macquarie Group said on Friday its consortium completed the acquisition of Edinburgh-based UK Green Investment Bank from the UK Government for £2.3 billion. Macquarie said…
Scottish salmon exports reached a record £346 million in the first half of 2017 — a 70% increase on the same period last year, according…
Pernod Ricard said it signed an agreement with a consortium that includes Scotch whisky industry veteran Billy Walker for the sale of Glenallachie Distillery in…
The IHS Markit Report on Jobs for Scotland for June has indicated a “sharp improvement of labour market conditions.” “Steep growth in demand for both…
Aberdeenshire-based craft brewer BrewDog said it appointed Tanisha Robinson as managing director of BrewDog USA ahead of the official launch of its 100,000 square foot…
Scotland’s food and drink exports increased by more than 11% to £1.2 billion in the first quarter of this year, compared with the same period…
A business incubator centre in Hawick will help businesses in the Scottish Borders establish themselves thanks to a £3.6 million funding package. The Scottish Government…
UPDATE 2 — Brexit talks should be delayed until political stability is established in the United Kingdom, according to the Federation of Small Businesses (FSB) in…
Hyperloop One, a giant futuristic tube that plans to transport passengers and cargo at speeds of up to 700mph for long distances, has proposed nine routes connecting…
BP and its co-venturers Shell and Siccar Point Energy announced first oil from the redeveloped Schiehallion Area following completion of the multi-billion-pound Quad 204 project in the west…
The UK government said on Monday it intends on March 29 to formally trigger the long negotiations for the UK to leave the EU. “The UK’s Permanent…
Edinburgh-based Krotos, producer of audio products for the entertainment industry, said it secured angel investment in a deal led by Leslie Benzies, former president of Grand Theft Auto…
Melrose-based angel investment group Tweed Renaissance Investors (TRI Capital) appointed Jamie Andrew as its new chairman following the retirement of Rob Dick. Andrew said: “TRI Cap has…
The overall annual turnover of the UK’s oilfield services (OFS) industry fell from £40.6 billion in 2014 to £35.7 billion in 2015, according to a new…
Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post — said in a trading statement that although its revenue fell…
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…
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…
A £350 million expansion of Aberdeen Harbour has been sanctioned by the harbour’s board and the construction contract with preferred bidder Dragados UK is due to be formalised on…
Edinburgh has been ranked number one in the 2016/17 “Global Cities of the Future” for Foreign Direct Investment (FDI) Strategy by the fDi Intelligence publication, a division of the…
Scottish renewable energy businesses are now working in more than 40 countries around the world, new research by industry body Scottish Renewables has found. Projects…
Aberdeen Asset Management said its assets under management rose 10% to £312.1 billion in the year to September 30 — but underlying profit before tax decreased to £352.7…
Virgin Trains said it has seen a surge in cross-border rail travel after investing in 42 new services connecting Edinburgh to Newcastle and London. It…
Aberdeen-based bus and rail giant FirstGroup said its revenue rose 5.1% to £2.56 billion in the six months to September 30 but adjusted profit before tax fell 2.2%…
(Updated) — A new report from PwC on the oilfield services (OFS) sector predicts an “uneven” recovery that could see oil prices reach a “robust” $60-$70…
Shares of Glasgow-based engineering giant Weir Group fell as much as 6.5% after it said it expects full year 2016 profits to be slightly lower than current market…
Aberdeen-based Faroe Petroleum, the independent oil and gas company, announced an oil and gas discovery at the Njord North Flank in the Norwegian Sea, in…
Scottish gross domestic product (GDP) grew 0.4% in the second quarter of 2016 — compared to 0.7% for the UK — according to statistics from Scotland’s Chief…
Henry Boot Developments said it concluded unconditional agreements with Aberdeen City Council for its new £333 million Aberdeen Exhibition & Conference Centre (AECC). Boot has appointed Stirling-based…
Scottish Rugby has confirmed that Glasgow Warriors head coach Gregor Townsend will replace Vern Cotter as Scotland head coach at the end of the 2016/17…
Glasgow-based engineering company Weir Group said revenue in the six months to June 30 fell to £866 million from £981 million for the same period last year and…
Aberdeen-based oil and gas services giant Wood Group said it was sticking to the guidance of full year 2016 earnings before interest, taxes and amortization (EBITA) of…
First Minister Nicola Sturgeon said a second Scottish independence referendum was now “highly likely” after Scotland voted in favour of remaining in the EU by 62% to…
Falkirk-based bus maker Alexander Dennis enjoyed a 20% increase in sales to £602 million and a £10 million increase in profit before tax to £23 million in the…
Shares of Aberdeen-based bus and rail gaint FirstGroup rose at least 9% after it said its statutory profit before tax rose 7.3% to £113.5 million despite revenue…
Shares of Edinburgh-based Sigma Capital Group rose about 5% as the rented housing developer announced a new strategic partnership with regeneration firm Keepmoat to deliver 5,000…
The Scottish Salmon Company reported revenues of £29.1 million for the first quarter of 2016, up from £27.3 million in the same quarter last year. Operating profit,…
Microsoft and Facebook have agreed to build the highest-capacity subsea cable to ever cross the Atlantic — from Northern Virginia to Bilbao, Spain. “The new ‘MAREA’ cable will help meet the…
The board of Edinburgh-based fund manager Baillie Gifford’s flagship fund — the Scottish Mortgage Investment Trust company — plans to limit to 25% the amount of the…
Scottish builder Springfield Properties said its plans for a £1 billion, 3,000-home community near the A9 just north of Perth have been approved by Perth and…
Aberdeen-based FirstGroup has been granted approval by the Office of Rail and Road (ORR) to launch “open access” rail services between London, north-east England and Edinburgh offering an…
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,…
Glasgow-based Collagen Solutions, a manufacturer of medical grade collagen biomaterials, appointed Jamal Rushdy as chief executive officer to succeed Stewart White, who has moved to the post of chief…
Glasgow-based international mobile power provider Aggreko said its underlying revenue for the first quarter was 14% behind last year — but a hydro power shortage in Tasmania could help…
A lawyer acting for Grand Theft Auto computer game developer Leslie Benzies — the Scot who is suing his former firm for what he alleges are $150…
Scottish investment writing, copywriting and marketing communications company Copylab is to expand internationally by opening an office in Boston, Massachusetts to serve the asset management industry in…
Dublin-based renewable energy firm NTR said it secured a £44.9 million debt facility with Royal Bank of Scotland for its 27 megawatt Quixwood Moor wind farm in East Berwickshire, Scotland….
The UK and Scottish governments have agreed to carry out further work aiming to cut train journeys between London and the Central Belt of Scotland to three hours or…
Glasgow-based mobile power provider Aggreko said its 2015 revenue fell 3% to £1.56 billion and pre-tax profit fell 13% to £252 million as low commodity prices affected…
Greenock-based packaging firm British Polythene Industries (BPI) said its operating profit rose 7% to £28.6 million in 2015 helped by the return to profit of its North American operations. BPI…
About 600 lorries will be allowed to cross the Forth Road Bridge — northbound only — between 11pm and 4am in a trial run starting Thursday night, subject…
The Forth Road Bridge will be reopened to all vehicles except HGVs from 6am Wednesday morning. Operating company Amey confirmed that temporary repairs had been…
Scotch Whisky exports totalled £1.7 billion in the first half of 2015 as the decline of recent years slowed significantly. Scotch exports to Brazil, India and Russia…
Stagecoach subsidiary East Midlands Trains has won a deal to continue running services between London, the East Midlands and parts of the north of England until…
The main bus company for Scotland’s capital city continues to make good profits for major shareholder Edinburgh Council, while the new Edinburgh Trams service has made a stronger start…