Search Results for north sea

Faroe Petroleum in oil and gas discovery

Aberdeen-based Faroe Petroleum, the independent oil and gas company, announced an oil and gas discovery at the Njord North Flank in the Norwegian Sea, in…


Three Scottish scientists win Nobel Prizes

Professor Fraser Stoddart, a graduate of The University of Edinburgh, was on Wednesday awarded a Nobel Prize in Chemistry. Stoddart’s award came a day after two…



£333m Aberdeen Conference Centre go-ahead

Henry Boot Developments said it concluded unconditional agreements with Aberdeen City Council for its new £333 million Aberdeen Exhibition & Conference Centre (AECC). Boot has appointed Stirling-based…


Rugby: Townsend to succeed Cotter

Scottish Rugby has confirmed that Glasgow Warriors head coach Gregor Townsend will replace Vern Cotter as Scotland head coach at the end of the 2016/17…


Aggreko 6-month revenue falls 12% to £685m

Shares of Glasgow-based international mobile power firm Aggreko fell 13% after it said its pre-tax profit fell 31% to £71 million and revenue slid 12% to £685 million in…



Ireland-Scotland business network launched

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…


Scottish Salmon Co. revenues up to £29.1m

The Scottish Salmon Company reported revenues of £29.1 million for the first quarter of 2016, up from £27.3 million in the same quarter last year. Operating profit,…


Microsoft, Facebook build transatlantic cable

Microsoft and Facebook have agreed to build the highest-capacity subsea cable to ever cross the Atlantic — from Northern Virginia to Bilbao, Spain. “The new ‘MAREA’ cable will help meet the…







International expansion for Copylab

Scottish investment writing, copywriting and marketing communications company Copylab is to expand internationally by opening an office in Boston, Massachusetts to serve the asset management industry in…


£315m ‘City Deal’ investment for Inverness

Inverness and the wider Highland region is to benefit from a £315 million “City Deal” investment package over 10 years to improve the area’s infrastructure including transport and…




BPI profit up 7% to £28.6m as it looks to buy

Greenock-based packaging firm British Polythene Industries (BPI) said its operating profit rose 7% to £28.6 million in 2015 helped by the return to profit of its North American operations. BPI…


EU Bank outlines investments for Scotland

Senior executives from the European Investment Bank (EIB), the world’s largest international public bank, are in Scotland this week to outline new financing opportunities for Scottish businesses and unveil…


Scottish soccer grows international audience

Scottish league football is being screened in more than 100 countries for the first time after a number of new international broadcast deals were struck in territories around the…


HSBC keeps HQ in London – but focus on Asia

HSBC said on Monday that while Asia is at the heart of the banking group’s strategy, it had decided to remain headquartered in London after an “exhaustive” review. “Having our…


Menzies Distribution acquires Thistle Couriers

Edinburgh-based Menzies Distribution has acquired Thistle Couriers of Aberdeen for an undisclosed sum — the firm’s third acquisition in the past 12 months. Menzies said the move…


£209m EU boost for Scotland-Ireland trade

A £209 million EU funding programme to strengthen cross-border business links — in sectors like conservation — between western Scotland, Northern Ireland and the border…


Scots employment ‘highest on record’

Latest figures show the highest employment level for Scotland since records began in 1992, taking the number of Scots in work to 2,631,000, according to…


FirstGroup retains TransPennine franchise

Aberdeen-based transport giant FirstGroup has retained the TransPennine Express rail franchise until at least 2023. The franchise will play a key part in delivery of the UK Government’s…



Scotch giant Diageo hires new CFO from Xerox

Scotch whisky giant Diageo, the world’s biggest spirits maker, said Kathryn Mikells (pictured) will become its chief financial officer on November 9. Mikells succeeds Deirdre Mahlan, who is returning to…


Global M&A volume reaches $3 trillion for 2015

Global mergers and acquisitions (M&A) volume for 2015 reached $3 trillion on August 11, according to research firm Dealogic. At 223 days into 2015, that’s the second fastest…