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Hurricane shares up after Shetland oil find

Shares of Hurricane Energy soared more than 12% after it announced a “significant” oil find at the Lincoln Well west of Shetland. Hurricane CEO Robert Trice said: “I…


Collagen Solutions revenue up but loss widens

Shares of Glasgow-based Collagen Solutions, a manufacturer of medical grade collagen biomaterials, fell about 12% after it said its revenue and other income increased by 30% to…


£120m investment for Fort William smelter

Liberty House and SIMEC, members of the GFG Alliance, said they completed a £330 million deal with Rio Tinto to buy Britain’s last remaining aluminium smelter at Fort…


Edinburgh hotel room rates soar 18.9%

Edinburgh hotels sold 80.8% of their rooms during November, a slight rise on the same month of 2015, and grew their average room rate (ARR) from £84.75 in…


Johnston Press to sell 13 titles for £17m

Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post — announced the proposed disposal of 13 titles and associated websites in East…


Ryden merges with Mason Philips

Scotland-headquartered commercial property consultant Ryden has agreed a merger with London investment agents Mason Philips. The merged firms will operate under the Ryden name with…


Elliott mulls Alliance Trust outsourcing, sale plan

Dundee-based investment firm Alliance Trust has announced a radical strategic plan that includes the outsourcing of equity portfolio management and the sale of investment division Alliance Trust Investments to Liontrust…


Murdochs agree £11.7bn deal to buy rest of Sky

Rupert Murdoch’s 21st Century Fox said it reached an agreement with Sky plc to buy the 61% of the British pay-TV firm it doesn’t already own for £10.75 a share — or roughly £11.7…


Competition concerns on Menzies ASIG deal

The UK’s Competition and Markets Authority (CMA) said on Thursday that Edinburgh-based John Menzies’ acquisition of ASIG may give rise to competition concerns over ground handling services at…


Ex-SFE chairman among hirings at Aberdeen

Aberdeen Asset Management said it made a number of appointments to strengthen its global distribution platform, including former Scottish Financial Enterprise chairman John Campbell. Campbell will join Aberdeen…


Recently-floated FreeAgent’s revenue soars 36%

Edinburgh-based accounting software firm FreeAgent — which floated on the Alternative Investment Market (AIM) of the London Stock Exchange last month — said its revenue increased by 36%…


Struthers joins Stan Life as head of investments

Edinburgh-based fund management giant Standard Life Investments said it appointed Archie Struthers to the role of head of investments. Struthers will join Standard Life Investments — which manages…



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…


Stan Life urges Gilbert to get better offer for Sky

Edinburgh-based fund manager Standard Life Investments argued on Monday that Rupert Murdoch’s 21st Century Fox is not offering enough for British pay-TV firm Sky Plc and questioned the independence of…


Ewing urges UK to protect Scottish fish quotas

The Scottish government’s fisheries secretary Fergus Ewing has urged the UK government “to stop fish quotas from being traded away unnecessarily” during crucial EU fisheries negotiations…


Murdoch’s 21st Century Fox bids for UK’s Sky

Rupert Murdoch’s 21st Century Fox confirmed it reached an agreement in principle to buy the 61% of British pay-TV firm Sky Plc it does not already own for around $14 billion. 21st…





Stagecoach half-year revenue tops £2bn

Perth-based rail and bus giant Stagecoach Group said its revenue rose to just over £2 billion in the half-year ended October 29 from £1.97 billion for the same…


Wood Group and Heerema join forces

Aberdeen-based oil and gas services giant Wood Group said it signed a memorandum of understanding (MoU) with Netherlands-based Heerema Fabrication Group (HFG) to offer wellhead platform development to…


Iomart revenue up 16% to £42.1m

Shares of Glasgow-based cloud computing firm iomart group rose about 3.5% after it said its revenue grew 16% to £42.1 million and adjusted profit before tax rose…



Potato exports push Grangemouth towards record

Forth Ports said the Port of Grangemouth, Scotland’s largest container facility, had one of its busiest ever seasons with more than 50,000 TEUs (Twenty Foot Equivalent Units)…


North Sea firms welcome oil price rise

The North Sea oil and gas industry gave a cautious welcome to news that some of the world’s biggest producers agreed a deal to curb production for the…






JD Sports buys Go Outdoors for £112m

JD Sports Fashion said it bought Go Outdoors for about £112.3 million from its private equity buyers. JD Sports said the acquisition will complement its existing interest in…




£144m plan for Glasgow Airport ‘tram-trains’

Glasgow Council leaders have unveiled plans to build a direct “tram-trains” rail link between Glasgow Airport, Paisley and Glasgow city centre. It said the £144 million Glasgow Airport…


BNY Mellon on Aberdeen Council £370m bond

BNY Mellon said it has been appointed as trustee and paying agent on Aberdeen City Council’s £370 million bond issue — the largest ever bond issued by a…


Price forced Aberdeen to abandon Pioneer bid

Aberdeen Asset Management pulled out of a bid for UniCredit’s Pioneer Global Asset Management because the 3.5 billion euros price was too high, Aberdeen’s chief executive…



Macfarlane shares up 8% as profit rises

Shares of Glasgow-based packaging firm Macfarlane Group rose 8% after it said its profit before tax for 2016 to date “continues to be well above the…






Stan Life risk-based MyFolio funds reach £10bn

Edinburgh-based asset management giant Standard Life Investments (SLI) said its MyFolio range of funds — which enables investors to choose their preferred level of investment risk — reached…


FreeAgent raises £10.7m in stockmarket debut

Edinburgh-based accounting software firm FreeAgent said its shares floated on the Alternative Investment Market (AIM) of the London Stock Exchange on Wednesday. FreeAgent said it raised £10.7…







Regulator ‘reservations’ on Stan Life India deal

Edinburgh-based insurance and investment giant Standard Life said India’s insurance watchdog had “expressed reservations” about accepting the current terms for the purchase of Max Life Insurance by Standard Life’s Indian joint…



Johnston Press in talks to sell titles

Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post — said it is in late stage discussions with Cambridge-based Iliffe…


Glasgow Airport has busiest October ever

Glasgow Airport reported its busiest October ever as 884,350 passengers travelled through the airport’s doors last month — an annual increase of 5.7%. International traffic in October rose 8.3%…



Stan Life Investments: Trump brings ‘uncertainty’

Edinburgh-based asset management giant Standard Life Investments (SLI) has told clients that Donald Trump’s US presidential election victory introduces “significant uncertainty to the outlook for government…



Weak pound lifts Baillie Gifford flagship fund

Baillie Gifford’s flagship £4.7 billion equity closed-end fund — the Scottish Mortgage Investment Trust — said both its net asset value (NAV) and share price rose 25% on a…


RBS in £400m small business refund scheme

Royal Bank of Scotland said it will set up a £400 million complaints and refund scheme for customers who allege they were mistreated by its “global restructuring group” small…




Warship go-ahead huge boost for Clyde yards

The UK government has announced that work for eight new Type 26 frigates at Glasgow shipyards will start in the summer of 2017, subject to final contract negotiations. UK…



Aberdeen Council in £370m bond issue

Aberdeen City Council has announced the successful pricing of index linked bonds to raise £370 million to fund investment in the city’s “transformational capital and infrastructure programme.” The…



Standard Life competes Elevate acquisition

Edinburgh-based Standard Life said it completed the acquisition of AXA Portfolio Services — which trades as Elevate — from AXA UK plc following Financial Conduct Authority consent. “The…


Gresham House buys Scots forests for £12m

Specialist asset manager Gresham House said it will acquire a portfolio of five forests in the west of Scotland for £12.1 million as it announced the first close…





Edinburgh’s FreeAgent plans London IPO

Edinburgh-based accounting software firm FreeAgent has announced plans for a flotation on the Alternative Investment Market (AIM) of the London Stock Exchange in November. FreeAgent said…