Forth Ports in Dundee port decommissioning deal
Forth Ports Limited and AF Offshore Decom announced the signing of a heads of agreement with the intent to establish a new joint venture called…
Dundee
Alliance Trust ‘encouraged’ by external manager start
Dundee-based investment firm Alliance Trust announced results for the six months to June 30 as it makes a transition to its new investment approach with…
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…
£1bn Edinburgh City Deal to create 21,000 jobs
The £1 billion Edinburgh and South East Scotland City Region Deal has finally been agreed, with the Scottish and UK governments investing £300 million each in…
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…
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…
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…
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…
Dundee Michelin site gets £16.5m investment
The Dundee-based Michelin tyre facility is to get a £16.5 million investment that will support additional properties and new manufacturing equipment. The largest part of…
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…
US authorities move to block FanDuel merger
The US Federal Trade Commission (FTC) said on Monday it has authorized legal action “to block the merger” of Edinburgh-headquartered FanDuel and Boston-based DraftKings, the two…
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…
Blairgowrie’s Castle Water acquires Cobalt Water
Blairgowrie-based independent water retailer Castle Water said it acquired Ayr-based Cobalt Water, an independent retailer of water to business customers, for an undisclosed sum. Cobalt’s…
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…
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…
Dundee’s Exscientia in €250m Sanofi research deal
Dundee firm Exscientia, which specializes in artificial intelligence (AI)-driven drug discovery, said it agreed a strategic research collaboration and licence option agreement with Sanofi in the area of…