Small Scots firms depend on EU workers

UPDATE 1 — Two thirds of small employers in Scotland with EU workers are concerned about future skills shortages, according to new research from the…





Goals Soccer Centres confirms merger talks

Shares of East Kilbride-based Goals Soccer Centres rose about 6% after it confirmed it was in “preliminary discussions” about a merger with rival firm Powerleague. “The board…



















Economic upturn loses momentum as services slow

A downturn in Scotland’s big services sector offset strong manufacturing production growth in March as the Bank of Scotland Regional Purchasing Managers’ Index (PMI) report showed Scotland’s…


BrewDog valued at £1bn as TSG takes stake

Aberdeenshire-based craft beer company BrewDog said San Francisco private equity firm TSG Consumer Partners acquired 22% of BrewDog in a transaction that values BrewDog at roughly £1 billion. According to…





Lloyds takes £100m HBoS hit as FCA resumes probe

Lloyds Banking Group said it expects compensation for “economic losses, distress and inconvenience” related to the HBoS Reading scandal will be about £100 million and that a provision for that…


£79m car parking income for Scots councils

Local authorities in Scotland made a £40.3 million profit on £79.3 million of income from their car parking charges and penalties in 2015-16, according to research by the…







Parkmead doubles West of Shetland stake

Aberdeen-based independent oil and gas firm Parkmead said it nearly doubled its stake in the major Sanda North and Sanda South structures in the West of…







Iomart expects revenue to grow 17%

Glasgow-based cloud computing firm iomart said in a trading statement that for the year to March 31, 2017, it expects to show revenue growth of 17%…




Higher education R&D at record; total at £2.15bn

UPDATED — Scotland’s gross expenditure on research and development (GERD) rose 1.1% or £23 million in 2015 to £2.15 billion, according to a report from Scotland’s chief statistician. Scottish GERD…



Crown Ocean completes Bowleven clear-out

Monaco-based activist shareholder Crown Ocean Capital (COC) has completed its boardroom clear-out at Edinburgh-based oil and gas firm Bowleven with the resignation of chairman Billy Allan and departures…






Scots Parliament backs Sturgeon referendum bid

The bid by Scotland’s First Minister Nicola Sturgeon to stage a second referendum on Scottish independence was formally backed by the Scottish Parliament on Tuesday. MSPs voted 69 to 59…


Barr profit up to £43.1m amid low sugar rush

Shares of Cumbernauld-based Irn-Bru maker A.G. Barr rose after it said its statutory profit before tax increased 4.4% to £43.1 million on revenue down 0.6% to £257.1 million in the 52 weeks…


Wood Group wins $50m Premier Oil contract

Aberdeen-based Wood Group said it was awarded a $50 million contract with Premier Oil to deliver topside operations and maintenance services to the Balmoral floating production…


Stagecoach loses South West rail to FirstGroup

Aberdeen-based FirstGroup and joint venture partner MTR Corporation have been awarded the UK’s new South Western rail franchise, taking it away from Perth-based Stagecoach which has operated the…


Big oil discovery confirmed west of Shetland

Hurricane Energy on Monday confirmed weekend reports that it made a further, important oil discovery west of Shetland, calling the find “the largest undeveloped discovery…


Possible offers tabled for Edinburgh’s Exova

Edinburgh-based industrial testing firm Exova Group said on Monday it has received proposals for three possible cash offers for the company. It said the proposals were from Dutch…







Bowleven considers sale after Crown Ocean coup

Edinburgh-based oil and gas firm Bowleven — which last week had most of its board ousted by Monaco-based activist shareholder Crown Ocean Capital (COC) — said it is launching…


£51m debt raised for Green Highland Hydro

Infrastructure investment manager Ancala Partners LLP said it raised £51 million of debt facilities for Green Highland Hydro (GHH), the asset ownership vehicle for hydroelectric power…


EnQuest gross profit up 13% to $196m

North Sea exploration firm EnQuest, which recently went through a complex financial restructuring, said on Tuesday its 2016 gross profit rose 13.22% to $196.1 million despite…