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Big changes as Macquarie seals Green Bank deal

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…










BP hails first oil from massive Shetland field

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…



Grand Theft guru leads Krotos investment

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…


New chair at Melrose angel investor TRI Cap

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…



Improved trading at Johnston Press

Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post  — said in a trading statement that although its revenue fell…




£350m Aberdeen Harbour expansion approved

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…



Renewable energy firms show global reach

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 assets up 10% to £312.1 billion

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…






Faroe Petroleum in oil and gas discovery

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…


Scots GDP grew 0.4% in second quarter

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…


£333m Aberdeen Conference Centre go-ahead

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…


Rugby: Townsend to succeed Cotter

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…



Wood Group sticks with guidance of 20% fall

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…



Alexander Dennis sales up 20% to £602m

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…



Sigma shares up on 5,000-home Keepmoat deal

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…


Scottish Salmon Co. revenues up to £29.1m

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, Facebook build transatlantic cable

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…




FirstGroup, Stagecoach in East Coast train war

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…


Shell contract secures 500 Wood Group jobs

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,…


Strong sales as Collagen changes CEO

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…


Tasmania power crisis to boost Aggreko Q2

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…



International expansion for Copylab

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…


RBS provides £45m debt for Borders wind farm

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….



Aggreko profit falls amid commodities slump

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…


BPI profit up 7% to £28.6m as it looks to buy

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…