Faroe Petroleum gets £608m hostile bid from DNO
UPDATE 3 — Aberdeen-based Faroe Petroleum on Monday urged shareholders to “take no action” in response to a £608 million hostile bid for Faroe from Norwegian…
UPDATE 3 — Aberdeen-based Faroe Petroleum on Monday urged shareholders to “take no action” in response to a £608 million hostile bid for Faroe from Norwegian…
Producers of Scottish salmon, the UK’s largest food export, said on Friday they are seeking reassurances that the draft Brexit deal will not link fishing…
The UK’s draft Brexit deal is a “blind leap into the unknown” which leaves Scotland’s £16 billion EU-related export sector facing trade barriers and “years…
Edinburgh-based investment giant Aberdeen Standard Investments (ASI) said on Wednesday it intends to invest a further €2 billion in residential property by 2022. ASI is already…
Johnston Press — the debt-laden owner of The Scotsman, the i newspaper, the Yorkshire Post and about 200 local newspapers and websites — said late on Friday…
A stock market sell-off across Britain’s financial markets this week wiped roughly £3 billion off Royal Bank of Scotland’s stock market value amid uncertainty around the viability…
Scottish companies have reported a sharp acceleration in growth of overall business and predict a further acceleration during the current quarter, according to the latest…
The Scottish Event Campus (SEC) in Glasgow said it has applied for planning permission in principle (PPIP) for a £200 million expansion of its facilities “with…
The United Kingdom’s latest offshore licensing round has attracted 36 applications covering 164 blocks in frontier areas of the UK Continental Shelf (UKCS), according to…
The Scottish Government’s Constitutional Relations Secretary Michael Russell has said the “unnecessary” UK law curbing the powers of the Scottish Parliament is undermining devolution and…
Glasgow-based Aggreko, the world’s largest temporary power firm, on Tuesday published a trading update for the nine months to September 30, 2018. Aggreko said underlying group…
New research published by the Federation of Small Businesses (FSB) reveals that the contribution made to the Scottish economy by women-owned businesses increased by 76% from £5…
UPDATE 3 – Shares of Aberdeen-based bus and rail giant FirstGroup plc rose 11% on Tuesday after it appointed its chief financial officer Matthew Gregory…
Cruise Scotland said on Monday that Scottish ports are on course to welcome a million cruise passengers annually years ahead of original expectations after another record…
Wind turbines generated power at record levels across Scotland in October — with turbines generating the equivalent of 98% of all Scotland’s electricity demand or…
Aberdeen-based oil services and engineering giant Wood plc said it has been awarded three new contracts totaling $53 million by ADNOC Onshore, a subsidiary of…
Aberdeenshire-based craft brewing firm BrewDog said it appointed former Diego executive David Gates as managing director of BrewDog Distilling. The appointment comes as BrewDog’s distilling…
The UK government said the Scottish government will benefit from nearly £1 billion of additional funding as a result of this year’s UK budget. Scotland will…
Up to £330 billion could be spent on oil and gas extraction in the UK Continental Shelf (UKCS) over the next 32 years, according to…
Lloyds Banking Group (LBG) and Schroders said on Tuesday they agreed a multi-billion pound wealth management joint venture that sees Schroders appointed as the active investment manager…
Royal Bank of Scotland’s NatWest on Tuesday announced an additional £2 billion of funding for smaller businesses “as they prepare for the Brexit process.” NatWest…
The City of Edinburgh Council said on Tuesday that councillors will delay making a final decision on whether or not to proceed with the Trams…
Falkirk-based bus manufacturer Alexander Dennis said it will build a new fleet of double deck buses for Berlin. Berliner Verkehrsbetriebe (BVG) has awarded Alexander Dennis the…
BP said on Monday it received approval from the UK’s Oil and Gas Authority (OGA) to proceed with the Alligin development west of Shetland, which…
Dundee-based investment firm Alliance Trust said on Monday it agreed the sale of its subsidiary company Alliance Trust Savings (ATS) to Interactive Investor (ii), the…
Scotland must have certainty about access to European research programmes after Brexit, Higher Education and Science Minister Richard Lochhead has said. The minister was speaking…
Custos Group, the largest shareholder in Johnston Press — the debt-laden owner of The Scotsman, the i newspaper, the Yorkshire Post and about 200 local news outlets —…
Highland whisky distillery Tomatin said it is now officially the fastest growing top ten single malt whisky in the United States. “Recent figures released by…
ScottishPower — a subsidiary of Basque energy giant Iberdrola — said it has become the first integrated energy company in the UK to shift completely…
The Scottish Irish Finance Initiative (SIFI) will this week step up its efforts to strengthen collaboration between financial companies in Scotland and Ireland as Scottish Government Minister…
Aberdeen-based mechanical engineering group EnerMech said on Monday it has been acquired from Lime Rock Partners by Nasdaq-listed global alternative asset manager The Carlyle Group in…
Production of Atlantic salmon in Scotland increased by 26,890 tonnes (16.5%) to 189,707 tonnes in 2017 — the highest ever level. The value of the…
Aberdeen Standard Investments said it has provided £65 million of debt to Anglian Water in the form of a privately negotiated green bond. The investment…
The number of overseas visitors from mainland Europe to Scotland increased by 39% in the 12 months to the end of June 2018, according to…
The Scottish government’s constitutional relations secretary Michael Russell said on Thursday that short of remaining in the EU, staying in the European Single Market and…
Lerwick Harbour in Shetland said it enjoyed another record-breaking cruise season, which closed this week, with 91 vessels and an increase of around 78% on…
Johnston Press — the debt-laden owner of The Scotsman, the i newspaper, the Yorkshire Post and about 200 local newspapers and websites — said on Thursday it has…
Private equity firm H.I.G. Capital said one of its affiliates agreed to sell its stake in Edinburgh-based wealth management fintech firm FNZ to Caisse de…
Operating expenditure (OPEX) and unit cost per barrel of oil equivalent in the UK Continental Shelf (UKCS) remained steady in 2017 against a stronger oil…
Edinburgh-based investment giant Standard Life Aberdeen is in talks with Saudi Arabia about starting one or more investment vehicles that would be seeded by the…
Shares of Glasgow-based fashion firm Quiz fell more than 30% late on Friday after it said its revenue for the full year to March 31, 2019,…
Souter Investments, the family investment office of Stagecoach Group founder Brian Souter, said on Thursday it completed the sale of Finnish intercity bus operator OnniBus.com to Koiviston Auto…
Royal Bank of Scotland chief executive Ross McEwan has warned in a BBC interview that a no-deal Brexit could tip the UK economy into recession….
Forth Ports Limited said on Wednesday that Arcus European Infrastructure Fund 1 LP agreed to sell its shares in the company to the Public Sector…
Simec, part of Sanjeev Gupta’s GFG Alliance, said it has formally applied to build a £158 million Highland wind farm at Glenshero “following a year…
Sandy Crombie, the former Standard Life CEO and Royal Bank of Scotland senior independent director, has joined Scottish fintech lender LendingCrowd as chairman. Launched in late…
Latest figures show Scottish-registered fishing vessels landed 466 thousand tonnes of sea fish and shellfish with a value of £560 million in 2017. “This is a three…
BP said on Thursday that approval has been received from the UK Oil and Gas Authority (OGA) to proceed with the £200 million Vorlich development…
Securing a smooth Brexit transition is “vital” to protect Scotland’s growing economy – even if that means extending the Article 50 negotiation period – according…
French oil and energy group Total said on Monday it made a major gas discovery on the Glendronach prospect, located off the west coast of…
Aberdeen-based Verus Petroleum said it agreed to acquire Cieco Exploration & Production (UK) Limited, a subsidiary of Japanese commodity trading house Itochu Corporation, in a deal…
Scottish GDP grew by 0.8% in the first half of this year compared to 0.6% in the UK, according to new statistics from Scotland’s chief statistician….
Celtic plc said it made record sales revenue of £101.6 million (2017: £90.6 million) and a profit before tax of £17.3 million (2017: £6.9 million) for…
UPDATE 1 — Shares of Elgin-based housebuilder Springfield Properties rose about 10% on Tuesday after it announced its maiden annual results — for the year…
Standard Life Aberdeen joint chief executive Martin Gilbert told CNBC in an interview he believes the merged firm is “a couple of years ahead of everyone…
Edinburgh-based asset management giant Aberdeen Standard Investments and London-based Rock Rail and have finalised an agreement to fund, purchase and then lease new fleets of trains…
About £615 billion of assets are currently managed in Scotland by fund management firms that are members of the UK’s Investment Association (IA), according to the latest…
Ineos on Tuesday announced plans to invest £60 million to expand its Grangemouth refinery. It awarded a contract to build an additional furnace on its…
Oil & Gas UK, the representative body for the UK’s offshore industry, warned on Tuesday that the sector is at a crossroads as it publishes…
Stirling-based construction and infrastructure firm Robertson Group said it delivered a 33% increase in turnover to £752 million and an 18% hike in profit before tax…
Glasgow-based media firm STV Group plc said its revenue rose 6% to £57.7 million in the six months to June 30, 2018, as STV enjoyed its…
The Federation of Small Businesses (FSB) said on Monday that the number of Scottish businesses winning work from Scottish local authorities — which spend £7 billion…
Scotland’s First Minister Nicola Sturgeon announced on Monday £16.7 million of additional funding to help significantly increase the number of green buses across the country and…
The Scottish Salmon Company plc (SSC) said its first-half revenue grew 36% to a record £98.3 million, with harvest volumes rising to 15,777 tonnes from…
Glasgow-based Beeks Financial Cloud Group, the recently-floated automated trading provider for financial markets, said its revenues increased 41% to £5.58 million for the year ended June…
Perth-based transport giant Stagecoach on Tuesday announced a £56 million plan to deliver Europe’s largest single investment in electric buses for Greater Manchester. New Enviro400…
A new plan unveiled on Monday to develop food and drink tourism in Scotland will aim to deliver an additional £1 billion to Scotland’s economy by 2030….
Souter Investments said on Monday it completed the sale of Dalgety Bay-based First Scottish Group, a firm of professional database searchers, to “a significant international private…
Buccleuch — one of Scotland’s biggest private landowners — has announced that it is to merge operations at its Bowhill and Eskdale & Liddesdale Estates….
Glasgow-based packaging firm Macfarlane Group said its turnover rose 14% to £102 million and profit before tax soared 39% to £3.5 million in the six months…