Virgin Money H1 profit tops £141m as takeover looms
Newcastle and Edinburgh-based Virgin Money, which is being bought by Clydesdale and Yorkshire Bank owner CYBG for around £1.7 billion, said on Thursday its underlying profit before…
Newcastle and Edinburgh-based Virgin Money, which is being bought by Clydesdale and Yorkshire Bank owner CYBG for around £1.7 billion, said on Thursday its underlying profit before…
The Dentsu Aegis Network has acquired Edinburgh-based creative agency Whitespace. Financial terms of the deal were not immediately disclosed. The 65-strong Whitespace team will become…
A planning application has been submitted by Glasgow Harbour Ltd on behalf of Peel Lifestyle Outlets — a division of Peel Land and Property Group…
Kirkcaldy-based shopfitter and interiors company Havelock Europa said London-based private investment firm Rcapital has backed Havelock with a deal that “secures over 300 jobs and…
The UK’s Oil and Gas Authority (OGA) said on Wednesday it has offered for award 123 licences over 229 blocks or part-blocks to 61 companies…
Shares of Glasgow-based packaging firm Macfarlane Group rose more than 3% after it said in an AGM statement that group profit for the year to date “is…
Shares of Edinburgh-based international oil and gas company Cairn Energy rose about 3% after the firm made a bullish statement at its AGM. Cairn CEO…
Shares of Clydesdale and Yorkshire Bank owner CYBG fell more than 5% on Tuesday as the bank reported a statutory first-half loss of £76 million…
Royal Bank of Scotland on Friday reported attributable first-quarter profit of £792 million compared with £259 million for the same period of 2017, beating analysts’…
Apache Corporation announced a “significant oil discovery” at the Garten prospect in the UK sector of the North Sea that could recover more than 10 million…
Forestry in Scotland is to be fully devolved to the Scottish Parliament for the first time after MSPs backed the Forestry and Land Management (Scotland) Bill….
North Sea oil and gas production over the period 2016–2050 is now projected to total 11.7 billion barrels of oil equivalent (boe) — 2.8 billion…
Global consultants Wood Mackenzie and the Aberdeen-based Oil & Gas Technology Centre announced that developing new subsea technology and approaches could help unlock 400 million additional barrels…
Stock markets around the world continued to fall on Tuesday for a fourth successive day of declines — a rout that has seen $4 trillion…
The North Sea oil and gas industry will deliver about £1 billion in tax to the UK Treasury this financial year, according to latest estimates….
A consortium led by Blackstone announced that private equity funds managed by Blackstone – together with Canada Pension Plan Investment Board (CPPIB) and Singapore’s GIC…
UPDATE 2 — Oil and gas prices soared after Ineos said on Monday it will shut down its Forties Pipeline System, which delivers almost 40% of the…
Houses in Edinburgh and Glasgow sell faster than anywhere else in the UK, according to the latest City Rate of Sale report from Post Office…
Shares of Glasgow-based packaging firm Macfarlane Group rose 6% after it said its profit before tax for 2017 to date “is well above the corresponding…
Celtic said its chief executive Peter Lawwell has been voted on to the influential executive board of the European Club Association’s 19th General Assembly in…
The UK North Sea is on track for the biggest year of oil and gas field startups in a decade, according to data from Edinburgh-based…
Glasgow-based media firm STV Group said it would return £10 million to shareholders over the next 18 months and increase its dividend despite revenue slipping 3%…
Moray Council has granted planning permission for what will be Scotland’s largest solar farm. Councillors approved Elgin Energy’s development of the 47-hectare Speyslaw site near Urquhart,…
Glasgow-based media firm STV Group said that Simon Pitts will join STV as chief executive officer on January 3, 2018. Pitts will join STV from ITV…
By Mark McSherry UPDATE 2 — Netflix Inc. said it acquired Millarworld, the comic book publishing firm run by Scottish writer Mark Millar and his…
The Scottish government said Scotland’s £1 billion forestry sector would in future be “fully accountable to Scottish ministers and the Scottish Parliament” as it prepared to introduce its Forestry…
The first oil has begun to flow from the Shaw field, part of a major redevelopment of the Montrose Area in the Central North Sea about…
A new report by Savills and Scottish Woodlands said more than 18,300 hectares of forestry were sold across Britain last year at a cumulative value of £83 million…
Amec Foster Wheeler — which on Monday agreed to be bought by Aberdeen-based Wood Group for about £2.2 billion — said it won a contract with the US…
Glasgow-based media company STV Group said its 2016 revenue rose 3% to £120.4 million and statutory pre tax profit rose 60% to £15.7 million amid a growth in its “non-broadcast…
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…
Edinburgh-based tidal power company Atlantis Resources announce an agreement to partner Natural Energy Wire (NEW) to develop the Wyre tidal project to be built between…
Manchester United said its revenue rose 18% to £157.9 million in the three months to December 31, 2016, but its net debt jumped 27.1% to £409.3 million. It its outlook, the company…
The Scottish Government has published detailed proposals of a plan to achieve a 66% reduction in Scotland’s greenhouse gas emissions by 2032. Cabinet Secretary for…
Former Saatchi & Saatchi chairman Kevin Roberts — who resigned from his role last year after he made controversial comments about gender in the advertising industry in an interview…
Demand for Edinburgh townhouse office-to-residential conversions has surged, driven largely by rising residential prices in Edinburgh’s west end and New Town, according to Shepherd Chartered Surveyors. The firm…
STV Group said it reached agreement with the trustees of the company’s defined benefits pension schemes — the Scottish & Grampian Television Retirement Benefits Scheme and…
Sterling fell to a 31-year-low early on Friday with some traders blaming a “flash crash” that was triggered by computer-generated trading. With fears growing that the UK Government will…
Property consultants CKD Galbraith said Pam Over will succeed Tim Kirkwood as the firm’s chief executive officer from January 2017. Over is currently chief operating officer…
Orkney Islands Council has given a demolition company the opportunity to investigate the potential of Lyness near Scapa Flow as a potential as a base for North Sea…
Glasgow-based media company STV Group said revenue rose 5% to £56.2 million and pre-tax profit rose 50% to £10.2 million in the six months to June 30 as digital…
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…
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 &…
Standard Life Investments’ Long Lease Fund has paid £17.4 million for Blythswood House, a student accommodation development leased to Glasgow School of Art for 25 years. Blythswood House at 200…
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…
The Scottish newspaper industry is worth up to £1 billion a year to the Scottish economy, according to an economic impact survey. Carried out by Edinburgh-based…
Scotland’s environment secretary Roseanna Cunningham announced Scottish Natural Heritage’s (SNH) new-look board which includes five new female members. SNH said the appointments illustrate the organisation’s drive to meet…
Facebook has bought Edinburgh-based audio tech firm Two Big Ears for an undisclosed sum. “Two Big Ears has revolutionized how humans hear sound with software,” said…
Glasgow-based packaging firm Macfarlane Group has continued its acquisition spree with an agreement to buy the packaging business of Edward McNeil Limited. Macfarlane said the deal was…
Marketing, media and PR group Beattie said it generated record profits of £590,000 and grew turnover by 17% to £8.6 million in 2015. Now headquartered in London, Beattie has eight offices across…
Shares of Glasgow-based media company STV Group rose about 2% after it said in a trading update that it made a positive start to 2016 and…
2015 was a strong year for estate sales in Perthshire and Angus and demand from potential buyers has continued into 2016, according to CKD Galbraith. “Estates…
Bellshill-based Wireless Infrastructure Group (WIG ) has announced a £75 million investment from 3i Infrastructure that values WIG at £300 million. WIG builds and operates communication towers…
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….
The City of Edinburgh Council has made “considerable progress” towards balancing its books, according to the Accounts Commission. The local authority watchdog raised significant concerns in…
Glasgow-based media company STV said 2015 revenue fell 3% to £116.5 million but pre-tax profit rose 10% to £19.1 million as an increase in “non-broadcast” earnings including…
Shares in Aberdeen-based oil and gas engineering firm Plexus Holdings fell more than 40% on Monday morning after it said a slowdown in planned activity by its customers…
Scotland’s forestry sector now contributes nearly £1 billion to the economy through forest management, timber processing and recreation and supports about 25,000 jobs, according to a…
The development of the largest new field discovered in the UK North Sea for 10 years has been approved by the UK Oil & Gas Authority….