Scottish Fiscal Commission expects ‘strong recovery’
The independent Scottish Fiscal Commission said on Thursday it expects a strong economic recovery in 2021-22, with Scottish GDP growing by 10.4% and economic activity…
The independent Scottish Fiscal Commission said on Thursday it expects a strong economic recovery in 2021-22, with Scottish GDP growing by 10.4% and economic activity…
Zetland Capital Partners LLP, a London based private equity firm, has announced its funds have agreed to acquire the 338-bedroom Macdonald Manchester Hotel and the…
Bradford-based supermarket giant Morrisons has announced it will become the first supermarket to own its own recycling operations through the acquisition of a significant stake…
Standard Life, part of Phoenix Group, has concluded a £130 million bulk purchase annuity transaction covering all pensioner and deferred members of the PerkinElmer (UK)…
A new strategy to secure a £4 billion share of the global space market for the Scottish economy has been published by the Scottish Government….
The Scottish Investment Trust plc (SCIN) announced on Wednesday it plans to give up on its in-house management team and independence and combine with the JPMorgan…
A newly formed group of big companies with major a footprint in Scotland have joined forces to launch a new climate action initiative ahead of…
Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, has announced five new appointments to its bulk purchase…
Edinburgh-based Artisanal Spirits Company plc, owner of The Scotch Malt Whisky Society (SMWS), said on Thursday its first-half revenue increased 20% to £7.9 million in…
Glasgow-based Smart Metering Systems plc (SMS) said on Monday it will seek to raise around £175 million by selling stock in a share placing and has…
Babcock, the international aerospace, defence and security company, announced it has completed the sale of its oil and gas aviation business to CHC Group, LLC…
The Scottish Government said on Friday it has agreed to work with the Scottish Green Party Parliamentary Group over the next five years. This agreement…
The Scottish National Investment Bank has committed £50 million over five years to the creation of new woodland and forestry management in Scotland. As a…
Pension funds in the UK have been urged by prime minister Boris Johnson and finance minister Rishi Sunak to provide an “investment big bang” by…
Shares of Martin Gilbert’s investment firm AssetCo plc fell about 15% on Thursday to around £17.50 as it announced its intention to conduct a placing of…
Karen Betts, chief executive of the Scotch Whisky Association (SWA) since May 2017, is leaving her role to become chief executive of the UK’s Food…
Rural property consultancy Galbraith has said the demand for land “for natural capital and rewilding” is boosting the market for Scottish estates, alongside the desire…
Shares of Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, rose about 4% on Thursday as it published a trading update for…
Aegon Asset Management said on Wednesday it has closed its UK Property Income and Property Income feeder funds after failing to raise sufficient cash to…
The Eden Project said on Friday it has signed a memorandum of understanding with the owners of its preferred site for Eden Project Dundee and…
Glasgow-based Smart Metering Systems (SMS) said on Monday that its chief financial officer David Thompson will leave the group on March 31, 2021, “to pursue another…
Permanent staff appointments across Scotland rose during January, ending an 11-month sequence of decline, according to the latest Royal Bank of Scotland Report on Jobs….
AGS Airports Ltd, which owns Aberdeen International, Glasgow and Southampton airports, has announced big changes to its executive committee. AGS Airports is jointly held by…
Aberdeen Standard Investments (ASI) announced that Katie Trowsdale has been promoted to the Head of Multi-Manager Strategies, the fund of fund arm of its Multi…
London-listed investment vehicle AssetCo plc said on Monday that a “concert party” of Martin Gilbert, Peter McKellar, various associates and funds managed by Toscafund Asset…
Edinburgh-based international oil and gas company Cairn Energy said on Thursday it will pay a special dividend of 32p per share amounting to $250m as it…
Edinburgh-based international oil and gas company Cairn Energy said on Friday that director Nicoletta Giadrossi will be appointed non-executive chair of the company with effect from…
The executive chairman of Edinburgh-based airport services giant John Menzies plc said on Tuesday the firm will emerge from the COVID-19 pandemic “as a smaller but…
Leeds-based property investor and car park operator Town Centre Securities (TCS) said on Monday it sold four retail properties in Scotland and London for a…
Consultants Wood Mackenzie on Wednesday published a comprehensive roadmap for the North Sea’s future to the Oil & Gas Technology Centre (OGTC) in Aberdeen. The plan sets…
A new report carried out for Scotland’s Rural College (SRUC) has “defined and detailed” for the first time the value of the “natural economy” to…
Diageo, makers of Johnnie Walker, announced on Monday it has created “the world’s first ever 100% plastic free paper-based spirits bottle, made entirely from sustainably sourced…
Investment firm Quilter said it hired Bambos Hambi from Aberdeen Standard Investments to be chief executive officer of Quilter Investors. London-based Quilter manages investments of…
Glasgow-based Smart Metering Systems (SMS) on Tuesday confirmed its revised dividend policy, saying it will pay 25p per share for the year to December 31,…
The FTSE 100 index of major company shares in London has posted its biggest quarterly fall for more than 30 years amid the coronavirus crisis….
A patient has been diagnosed with coronavirus (COVID-19) in Scotland — the first case confirmed in the country. The patient is a resident of the…
Shares of Scottish companies listed on the FTSE outperformed the FTSE 350 and All Share indices in 2019 — but Alternative Investment Market (AIM) firms…
Shares of Edinburgh-based international oil and gas company Cairn Energy edged higher on Wednesday after it said it took a final investment decision (FID) on…
Shares of Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, have risen about 15% in the past few days thanks to…
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…
Glasgow-based housebuilding firm Mactaggart & Mickel said on Tuesday its turnover rose £2.4 million to £84.7 million in the year to April 30, 2019. Profit…
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…
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…
UPDATE 3 — Swiss Re announced on Thursday the suspension of its plans for a $4.1 billion initial public offering (IPO) of UK life insurance…
Troubled East Kilbride-based Goals Soccer Centres plc said on Tuesday it is in the process of engaging Deloitte LLP “to work alongside its current advisors…
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…
The number of people working in Scotland’s tourism sector increased by 24,500 to 206,000 in the five years after the introduction of the National Tourism Strategy in…
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…
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…
Norway’s Equinor said it agreed to buy Chevron’s 40% stake in the Rosebank oilfield west of Scotland’s Shetland Islands for an undisclosed sum. Rosebank is one…
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…
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…
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…