Royal London in £181m loss but assets stable at £139bn
Royal London said on Monday it made a pre-tax loss of £181 million in the first half of 2020 compared to a profit of £397 million in…
Royal London said on Monday it made a pre-tax loss of £181 million in the first half of 2020 compared to a profit of £397 million in…
Glasgow-based temporary power generation giant Aggreko plc said on Thursday its revenue fell 13% to £667 million in the six months to June 30 while…
The Scottish Government’s Transport Secretary Michael Matheson on Tuesday unveiled details of the plans to decarbonise Scotland’s rail passenger services by 2035. Matheson launched the…
Perth-based renewable energy and electricity networks giant SSE and Iberdrola’s Scottish Power both slammed a proposal on Thursday by the UK’s energy regulator Ofgem to cut…
BP plc said on Monday it plans to write off up to $17.5 billion from the value of its assets after cutting its long-term forecasts…
Royal London announced on Wednesday the sale of its Ascentric platform business to M&G plc. The sale follows the completion of Ascentric’s re-platforming in 2019…
The leading representative body for the UK’s offshore oil and gas sector has warned that the latest oil price developments “could fundamentally undermine the ability…
The UK’s Financial Conduct Authority said this weekend it is asking listed companies to delay publication of their preliminary results for “at least two weeks”…
Royal London said its assets under management rose 22% to a new high of £139 billion as net inflows rose 29% to £9.89 billion in…
Cumbernauld-based Irn-Bru maker A.G. Barr came out fighting on Wednesday after news from PepsiCo Inc that it agreed to buy Rockstar Energy Beverages for $3.85 billion….
Edinburgh-based international oil and gas company Cairn Energy said on Tuesday its 2019 revenue rose to $533.4 million from $410.3 million in 2018 and its…
Aberdeen Standard Capital (ASC) said on Monday it appointed Barry Hardisty as Head of International based in Jersey. Aberdeen Standard Capital is the discretionary investment…
Global stock markets tumbled on Monday as investors fled to bonds amid the economic shock of the coronavirus, while oil prices plunged about 25% after…
Leeds-based private equity investor Endless LLP said on Wednesday it acquired Earlston-based BSW Timber Limited and all its associated subsidiaries. BSW is the UK’s largest…
The Brexit deal being pursued by the UK Government is likely to place “huge unnecessary burdens” on the UK’s biggest food export — Scottish salmon…
Swedish energy giant Vattenfall said it signed a 10-year electricity supply contract with Cumbernauld-based Irn-Bru maker A.G. Barr to introduce 100% renewable electricity across all Barr’s…
Royal Bank of Scotland on Friday announced a new £1 billion in funding through its NatWest business to support female entrepreneurs in the UK. RBS…
Shares of Scottish companies listed on the FTSE outperformed the FTSE 350 and All Share indices in 2019 — but Alternative Investment Market (AIM) firms…
UPDATE 3 — Shares of North Sea producer Premier Oil rose 15% on Tuesday after it announced plans to buy stakes in the Andrew and…
Aberdeen Standard Investments (ASI) has hired Adam Grimsley, former head of investment solutions at crypto-asset firm Prime Factor Capital, as an investment director. Before he…
Oil prices rose more than $3 on Friday after a US air strike at a Baghdad airport ordered by President Donald Trump killed the head…
Archangels, the Edinburgh-based business angel investment syndicate, said on Friday it recorded another active year of investments in Scottish start-up and early stage companies in the…
Edinburgh-based fund management giant Aberdeen Standard Investments (ASI) said on Friday it has been appointed by administrator Link Fund Solutions (LFS) to replace Neil Woodford…
Edinburgh-based craft beer company Innis & Gunn announced on Tuesday that Heriot-Watt University’s Research Park on the west edge of Edinburgh — home to the International…
Shares of banks, utilities, transport companies and property firms were among the biggest winners in Friday’s UK stock market rally on the back of the…
Israel’s Delek Group said its Ithaca Energy subsidiary, which it plans to spin off in a London stock market listing, completed a deal to buy…
On her first day as CEO of Royal Bank of Scotland Group on Friday, Alison Rose shared her vision for the company with staff —…
Troubled East Kilbride-based Goals Soccer Centres plc has been bought in a prepack administration by a new entity backed by the family of company’s original…
Shares of oil and gas firm i3 Energy soared almost 50% on Tuesday after it announced it discovered around 200 million barrels of oil in…
Shares of Edinburgh-based oil and gas company Cairn Energy fell 9% on Monday after it said a long-awaited tribunal decision on its proceedings against India won’t…
Shares of Edinburgh-based oil and gas company Cairn Energy fell about 4% on Tuesday after it said it failed to find hydrocarbons at the Chimera well…
Scottish FTSE-listed company shares have gained 6.81% in the first nine months of 2019, against the FTSE All Share’s 10.39% rise, according to the latest…
A bill to support the set-up of the Scottish National Investment Bank and help put green investment at its heart has passed stage one, following…
Oil prices rose more than 15% at the open on Sunday after an attack on Saudi Arabia’s oil facilities on Saturday that knocked out more…
Shares of Edinburgh-based international oil and gas company Cairn Energy rose about 7% on Tuesday after it announced strong half-year results and a production target upgrade. Cairn…
West of Shetland oil and gas explorer Hurricane Energy plc on Monday gave investors an update on its important Lancaster field, where it achieved “First…
Norwegian state-owned energy giant Equinor and its partners on Thursday announced first oil from the massive Mariner field in the UK North Sea. The field…
Royal London said its assets under management (AUM) hit a record of £130 billion in the first half of the year “due to market growth…
A crossparty group of UK parliamentarians is set to bring a legal challenge in the Scottish courts over whether the next UK prime minister can…
Shares of Jersey Oil & Gas (JOG) soared 155% on Monday after it said it was awarded 100% working interests and operatorship of three North…
Shares of Scottish companies listed on the main FTSE stock market ended June 9.5% higher than they started the year, compared to a rise of…
Norway-based private equity fund HitecVision and Oman-based oil group Petrogas have joined forces to buy a portfolio of British North Sea oilfields for $635 million…
The Auditor General for Scotland has warned that the Scottish Government needs to show greater strategic leadership across the public sector to achieve its digital…
Royal London Mutual Insurance Society confirmed on Wednesday that former Standard Life Aberdeen executive Barry O’Dwyer has been appointed its group chief executive subject to…
Intelligent Growth Solutions Ltd (IGS), the Scotland-based “vertical farm” technology business, announced on Tuesday a £5.4 million Series A funding round led by US-based S2G…
French oil and gas giant Total said it has started up production from the giant Culzean gas field 45 miles east of Aberdeen in the North…
West of Shetland oil and gas explorer Hurricane Energy plc said on Wednesday it has achieved “First Oil” at its important Lancaster field. Lancaster is…
Chrysaor Holdings said on Thursday it will acquire ConocoPhillips’ UK oil and gas business for $2.675 billion. The assets being acquired produced 72,000 barrels of…
Shares of Perth-based transport giant Stagecoach Group plc fell about 5% on Wednesday after it said it has been disqualified from the current three UK rail franchise competitions by…
Food and drink exports from Scotland rose 4.9% to a record high of £6.3 billion in 2018, according to the HMRC figures. Whisky accounted for…
Edinburgh-based oil and gas company Cairn Energy on Tuesday reported a $1.2 billion pre-tax loss on continuing operations amid non-cash writedowns connected to a long-running…
Oil and gas production in the UK increased by more than 4% in 2018, averaging 1.7 million barrels of oil equivalent (boe) per day, according…
Ineos said on Wednesday it will invest £1 billion in the UK, including £500 million in the Forties Pipeline System to prolong the life of…
Aberdeen-based engineering and oil services giant Wood plc said it has been awarded an $8 million contract by ADNOC Refining to deliver pre-front end engineering…
Elgin-based housebuilder Springfield Properties said on Friday it completed the acquisition of Livingston-based Walker Group for up to £31 million. Springfield is building a number…
Total and partners including China’s CNOOC have made a significant new gas discovery off the coast of Scotland at the North Sea Glengorm prospect about…
Tom Hunter’s West Coast Capital (WCC) has agreed a joint venture with Cala Homes to help create a £1 billion housing and schools development —…
Consultancy Wood Mackenzie has said the North Sea oil industry will stage a recovery in exploration drilling and healthy levels of mergers and acquisitions this…
WWF Scotland said wind output in Scotland in November broke through the 100% threshold for the first time, with 109% of total Scottish electricity demand…
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…
BP on Friday announced the first oil production from the giant Clair Ridge project in the West of Shetland region. BP’s co-venturers are Shell, Chevron…
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…
Trade body Oil & Gas UK has welcomed the news that Azinor Catalyst has struck oil at Agar-Plantain in the Northern North Sea as “promising proof…
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…
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…
The Oil and Gas Authority (OGA) said on Thursday the UK’s petroleum reserves “remain at a significant level which could sustain production for at least…
Shares of Edinburgh-based international oil and gas company Cairn Energy rose about 6% on Thursday after it said its “development and exploitation plan” for the SNE…
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…
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…