Edinburgh Festivals ‘as big as World Cup’
Edinburgh’s Festivals attracted audiences of more than 4.5 million in 2015, putting them on a par with the FIFA World Cup. Only the Olympic Games attract…
Edinburgh’s Festivals attracted audiences of more than 4.5 million in 2015, putting them on a par with the FIFA World Cup. Only the Olympic Games attract…
Stirling based insulation firm Superglass said it is recommending that its shareholders accept a £8.7 million cash takeover offer from Cyprus incorporated investment vehicle Inflection. Sergey Kolesnikov, the sole…
Dundee-based investment trust firm Alliance Trust said its investments had underperformed its benchmark in the six months to June 30 “reflecting the turbulent market conditions around the…
MasterCard said it agreed to acquire 92.4 percent of payment processing giant VocaLink for about £700 million ($920 million). In the UK, VocaLink operates the Link ATM network and processes…
Universities Scotland and the Scottish Government have launched a joint campaign to protect the European research credentials of Scotland’s universities following the narrow vote by the…
Swedish state-owned energy firm Vattenfall will invest more than £300 million as it becomes the 100% owner of the Aberdeen Offshore Wind Farm test facility. For an undisclosed…
The Scottish Government said the average time for a planning decision to be made on major developments in 2015-16 fell by 17% on the previous year….
The output of the Scottish economy remained flat during the January to March quarter of 2016, according to gross domestic product (GDP) statistics from Scotland’s chief…
Bathgate-based construction firm Dunne Group — which has been involved in some of the UK’s highest profile civil engineering projects — has gone into administration with the loss of more…
Edinburgh-based aviation logistics and news distribution company John Menzies has appointed Irish paper and packaging tycoon Dermot Smurfit as independent chairman of the group. Smurfit’s appointment will be…
EnQuest, the largest UK independent producer in the UK North Sea, said it is holding discussions to sell up to 20% of the massive Kraken development east…
Scotland’s First Minister Nicola Sturgeon said she held constructive talks with new UK Prime Minister Theresa May in Edinburgh on Friday — and that May is…
More than 60% of Scottish companies believe Brexit will have a negative impact on their business and only 19% believe that it will have a positive…
The weaker pound since the EU referendum could give a boost to Aberdeen-based bus and rail giant FirstGroup, which has extensive operations in North America. “It…
Spending by Scotland’s two public enterprise agencies — Scottish Enterprise and Highlands and Islands Enterprise — totalled £398 million in 2014-15, according to a report by…
Aberdeen Asset Management said it has lifted the suspension of trading in its £3.2 billion UK property fund. Uncertainty over the UK commercial real estate market following the…
Finance Ministers from the three devolved administrations of Scotland, Wales and Northern Ireland have written to UK Chancellor George Osborne seeking an urgent meeting to…
Glasgow-based Collagen Solutions, a manufacturer of medical grade collagen biomaterials, said group revenue and other income increased to £3.24 million in the year to March 31 compared…
Standard & Poor’s (S&P) said it has lowered its long-term credit rating on Wheatley Housing Group, Scotland’s biggest social landlord, because the narrow UK vote to…
Shares of Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, rose again after it said it enjoyed “a third consecutive year of record sales…
Shares of Edinburgh-based Standard Life have fallen about 13% so far this week after its fund management business Standard Life Investments suspended trading in its £2.9 billion UK Real Estate Fund…
Scottish investment writing, copywriting and marketing communications company Copylab is to launch a new business in Asia with office openings in Hong Kong and Singapore. Copylab Asia…
Standard Life’s fast-growing financial planning business 1825 said it will make its fifth acquisition through buying Crewe-based Jones Sheridan, which has assets under advice of £350 million. The deal will establish 1825’s…
Edinburgh-based aviation logistics and news distribution company John Menzies is facing a new demand from investors to split the firm in two, according to Reuters. The fresh demands…
Shares of North Sea exploration firm EnQuest rose about 5% after it announced encouraging results fom its Central North Sea drilling programme. Neil McCulloch, EnQuest’s president, North…
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…
Lothian Buses — 91% owned by the City of Edinburgh Council — saw revenue rise 5.3% to £142 million in 2015 and net profit fall to £6.4 million from…
Perth-based rail and bus giant Stagecoach Group said its revenue for the year to April rose more than 20% to £3.8 billion and profit before tax excluding exceptional items rose £2.4 million…
First Minister Nicola Sturgeon has formed a Standing Council on Europe — a group of legal, financial, business and diplomatic experts — to advise the Scottish…
Royal Bank of Scotland chief executive Ross McEwan sent a memo to the company’s 90,000 staff to try and ease their concerns amid a calamitous drop in the…
Perth-based bus and rail giant Stagecoach Group said it would propose former National Express executive Ray O’Toole for election as a non-executive director of the company at its annual general…
UK finance minister George Osborne tried to calm financial markets on Monday morning following the turmoil that greeted Britain’s narrow vote to leave the EU — but the…
The share prices of many of Scotland most important public traded companies have plummeted since Friday morning when it became clear the UK had voted narrowly to…
First Minister Nicola Sturgeon said talks will take place with EU institutions and member states to “protect Scotland’s place in Europe” after Scotland voted in favour 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…
Scotch Whisky Association (SWA) chief executive David Frost said the £5 billion industry had “serious issues to resolve” now that the UK had voted to leave the EU…
Edinburgh-based Business Stream, a subsidiary of state-owned Scottish Water, said it bought the non-domestic customer base of Southern Water to strengthen its position as it prepares to…
Royal Bank of Scotland has received bids for its Greek ship finance business — with Credit Suisse and China Merchants among the suitors — according to Reuters. Experts…
Energy services company Subsea 7 said it will cut 1,200 jobs — including several hundred in the Aberdeen area — after being forced into a second…
Glasgow-based Smart Metering Systems (SMS) said it signed a “framework agreement” with First Utility as its “preferred domestic smart meter asset provider.” First Utility currently supplies energy to…
A new wind farm in Dumfries and Galloway has signed a 15-year deal to provide power for about half of Nestlé’s operations in the UK &…
Scottish tourist attractions have recorded a 3% rise in visitors, the fourth consecutive year of growth, the Scottish Government said. Association of Scottish Visitor Attractions…
Edinburgh-based fund manager Standard Life Investments has launched an American Equity Income fund to UK-based retail investors. The fund will be run out of the firm’s…
Tesco said it sold Midlothian-based Dobbies Garden Centres to an investor group led by Midlothian Capital Partners and Hattington Capital for £217 million in cash….
Wood Group has acquired the trade and assets of Enterprise Engineering Service Limited’s (EESL) Aberdeen-based fabrication and manufacturing business following the announcement on May 26 that EESL…
The University of Dundee supports more than £740 million of turnover in businesses in Scotland, according to an economic and social impact study carried out by…
The average FTSE 100 company’s defined benefits pension scheme saw its asset allocation to bonds increase to 61% in the year to December 31, 2015, according to recent research by Jardine…
Aberdeen-based transport giant FirstGroup said it will make a joint venture bid for the South Western rail franchise with MTR Corporation (UK), following the assent of…
Shares of Aberdeen-based Faroe Petroleum, the independent oil and gas company, rose more than 5% after it announced an oil and gas discovery in the Faroe-operated…
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…
A report by the UK music industry said £295 million was generated for the Scottish economy from music tourism in 2015. The UK Music report…
The North Sea basin has a “two year transformation window” in which to ensure a strong, productive and profitable future for the oil and gas…
Tennis world number two Andy Murray — who has just reunited with former coach Ivan Lendl — has made three further investments in British start-up firms via equity…
The Scottish Government said it will work with mobile operators to improve coverage throughout Scotland mobile even though such connectivity is officially a matter reserved for the UK Government. The…
Jobs supported by the UK’s offshore oil and gas industry will have fallen by the end of 2016 by an estimated 120,000 since their peak…
There was enough sunshine in May in Scotland to generate 100% of electricity required by an average household fitted with solar PV panels in Aberdeen, Dundee,…
The new £1.35 billion bridge across the Firth of Forth will now open in May next year — not December 2016 as expected –the Scottish government…
A new organisation aimed at generating even more business between Scotland and Ireland has been created. The Irish Business Network in Scotland has been set up at a time when…
The value of residential house sales in Scotland from 2006 to 2016 was £148.2 billion, according to a new report published by Registers of Scotland (RoS)….
Glasgow-based cloud computing firm iomart group said its revenue grew 16% to £76.3 million in the year to March 31 and adjusted profit before tax…
Scotland faces a third consecutive year of slowing GDP growth and the poorest year for economic growth since 2012, according to the latest report from the EY…
Scottish businesses raised £27 million from crowdfunding in the year to September 2015, according to The Scottish Crowdfunding Report 2016. There were 1,263 successful initiatives with the largest campaign raising…
Edinburgh-based investment firm Baillie Gifford has added to its Japanese fund range with the launch of the Baillie Gifford Japanese Income Growth Fund. Baillie Gifford had…
Royal Bank of Scotland said it will not continue as title sponsor of the Six Nations Championship when its current sponsorship deal runs out after the 2017 tournament….
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…
Edinburgh-based Business Stream, a subsidiary of state-owned Scottish Water, said it has applied to regulator Ofwat for a supply licence to participate in England’s non-domestic water…
A new newspaper called “24” that hopes to be “The North’s National” — aimed mainly at readers in north west England and south west Scotland — will…
The UK Government’s Secretary of State for Scotland David Mundell on Wednesday travelled to Texas to build links with the US energy industry to help support the…
A United Kingdom vote to leave the European Union “would trigger negative economic effects on the UK, other European countries and the rest of the world”…
Glasgow-based Smart Metering Systems (SMS) has appointed Macfarlane Group chairman Graeme Bissett as a non-executive director. Bissett will become chair of the SMS audit committee while Miriam Greenwood, who currently…