After £370m bond, Aberdeen hires markets experts
Following its sale of a £370 million bond, Aberdeen City Council said it has recruited three markets specialists with extensive experience to form the council’s…
Aberdeen
Wood Group profit falls 87% amid deal costs
Aberdeen-based oil and gas services giant Wood Group said its profit for the first half of the year fell 86.7% to $6 million amid exceptional…
Standard Life Aberdeen shares up on first day
UPDATE 2 — Shares of Standard Life Aberdeen edged 2% higher at the market open on Monday — the first day of trading for the…
Weir H1 revenue tops £1bn amid North America boost
Glasgow-based engineering giant Weir Group said its revenue rose 26% to £1.09 billion in the six months to June 30, 2017, “reflecting both the recovery in…
Aberdeen, Edinburgh to be hardest hit by Brexit
Aberdeen would be the British city hardest hit by Brexit, with Edinburgh not far behind, according to a new study by the think tank Centre…
Highland firms want single market, free movement
More than two-thirds of businesses across the Highlands and Islands believe membership of the European single market and free movement of people are important to…
UK financial regulator increases Scotland presence
The UK’s Financial Conduct Authority (FCA) announced the appointment of Edinburgh pensions and insurance veteran Maggie Craig as the Head of Department, Scotland — a…
Scotland, Wales ‘won’t support’ EU Withdrawal Bill
The First Ministers of Scotland and Wales said the UK government’s European Union (Withdrawal) Bill is a “naked power-grab” for which the Scottish and Welsh Governments…
North America tourist spend up 40% to £641m
Visitors to Scotland from North America spent £641 million in the 12 months to the end of March 2017, a 40% rise on the previous…
RBS pays £4.2bn to resolve US mortgage probe
Royal Bank of Scotland said it will pay £4.2 billion to settle one of two US investigations into allegations it mis-sold mortgage-backed bonds. RBS needs to…
Fraud Office probes Wood target Amec Foster Wheeler
UPDATE 3 — Oil and gas services company Amec Foster Wheeler — which has agreed to be taken over for £2.2 billion by Aberdeen-based Wood…
Delay to £1bn Edinburgh City Deal hurts investment
Delays to the £1 billion Edinburgh and South East City Region Deal could cost the Scottish economy crucial investment, Economy Secretary Keith Brown has warned….
Cochrane becomes interim CEO of Carillion
Construction and outsourcing firm Carillion said on Monday it appointed Keith Cochrane — former chief executive of Stagecoach and Weir Group — as its interim…
Scottish Enterprise CEO Lena Wilson steps down
Scottish Enterprise confirmed that its chief executive Lena Wilson is to step down after nearly eight years in the job. Wilson told the organisation’s employees…
Brewdog USA appoints Tanisha Robinson as MD
Aberdeenshire-based craft brewer BrewDog said it appointed Tanisha Robinson as managing director of BrewDog USA ahead of the official launch of its 100,000 square foot…
Scots economy rebounds to outpace UK growth
UPDATE 2 — Scotland’s gross domestic product (GDP) rose 0.8% in the first quarter of 2017 compared to the previous three months — outpacing the quarterly…
Perthshire home sales up to £70m in first half
Almost £70 million worth of homes were sold by member firms of the Perthshire Solicitors Property Centre (PSPC) in the first half of 2017, with some…
Surprise as Higgins retires from Tesco Bank
Edinburgh-based Tesco Bank sprung a surprise on Tuesday when it announced that its CEO Benny Higgins would retire from Tesco in February 2018. Higgins joined Tesco…
Atlantic salmon to be tagged in conservation move
Hundreds of Atlantic salmon are to be tagged and released back into the wild as part of a new study aimed at increasing the understanding…
Fraser of Allander: Growth returns to Scots economy
Growth will return to the Scottish economy in 2017 “with tentative signs of a more positive outlook for Scotland’s oil and gas sector and improving…
Wood Group shares fall amid ‘cautious’ outlook
Shares of Aberdeen-based oil and gas services giant Wood Group fell about 3% after it said its 2017 first half performance was “weaker than anticipated” and…
Scots fish farming now a £620m, 12,000-job industry
Fish and shellfish farming now contributes £620 million to the Scottish national economy every year, according to according to a new study commissioned by the…
£50m work to start on A96 Aberdeen-Huntly road
Transport Scotland announced the intention to award a contract worth up to £50 million to carry out route option assessment and detailed design work for…
EnQuest starts Kraken in latest North Sea boost
Shares of North Sea oil exploration firm EnQuest rose at least 7% after it confirmed that first oil from the important Kraken development east of…
FirstGroup, Stagecoach vie for HS2 high speed rail
Aberdeen-based FirstGroup and Perth-based Stagecoach are among the groups shortlisted in the bidding to run the new West Coast Partnership (WCP) rail franchise, which will…
Regulator clears Standard Life-Aberdeen merger
Standard Life and Aberdeen Asset Management said the UK’s Competition and Markets Authority (CMA) announced that it has cleared the £11 billion merger of the Scottish investment giants….
Oil and gas industry ‘turning the corner’
Nearly 60% of businesses in the UK’s oil and gas industry expect to expand this year, while optimism has soared to 39% from 2% in…
Massive pay rises for top two SSE executives
The chief executive and finance director of Perth-based energy giant SSE enjoyed massive rises in their total remuneration packages in the year to March 31, according…
Investors OK £2.2bn Wood Group-Amec FW deal
Shareholders of Aberdeen-based oil and gas services company Wood Group and rival Amec Foster Wheeler have overwhelmingly approved Wood Group’s roughly £2.2 billion recommended all-share offer…
Skeoch: Stan Life ‘would sell £16bn annuity business’
Standard Life chief executive Keith Skeoch told Reuters in an interview that the Edinburgh financial giant would be willing to sell its £16.1 billion annuity portfolio after…
Charlotte Wright new CEO at Highlands and Islands
Highlands and Islands Enterprise (HIE) — which has a 2017-18 budget of £65.9 million, including £55.7 million from the Scottish Government — said it appointed…
Scotgold agrees first sales to jewellery industry
Scotgold Resources Ltd said it signed its first sales agreement with the Scottish jewellery industry involving two prominent Scottish jewellery manufacturers. The agreement covers the first refining batch — about…