Scotland business
All Scotland business Posts
Bank chief gets £3.58m pay package after profits soar in 2018
Royal Bank of Scotland (RBS) chief executive Ross McEwan received a pay package worth £3.58 million as the banking giant more than doubled its profits during 2018.
Offshore shifts hit Hial
The offshore industry’s changes to shift patterns has led to a dip in passenger figures at Highlands and Islands Airports Ltd (Hial).
Johnston Carmichael: Has appetite increased for oil and gas deals?
A new year can provide a good opportunity to revisit plans for the year ahead.
Anderson Anderson & Brown LLP: Positive outlook for oil & gas deal activity
It was very welcome to see increased activity in the oil and gas sector throughout 2018, with a number of high profile transactions in the upstream exploration and production (E&P) space as well as a strong uptake in oilfield services deals in the final quarter. We fully expect that this trend will continue throughout 2019.
CMS: The rise of warranty and indemnity insurance
M&A deals almost always include warranties – promises by the seller to the buyer about certain matters in relation to the company they are selling.
EU concerned for protection of fisheries in wake of no deal Brexit
EU officials have moved to protect the interests of fishers across Europe in the event of the UK crashing out without a Brexit deal.
Second-best year ever financially recorded for fish farming giant
Strong demand and high prices delivered “great earnings” for Mowi during 2018, the global fish farming giant said yesterday.
UK tops table for overfishing
A think-tank has placed the UK at the top of an international league table of overfishing.
Diageo’s profits growing strong with White Walker
Growing demand for its Scotch helped Diageo to higher profits and sales during the final six months of 2018.
Scottish mackerel has been stripped of an important certification label
Scottish mackerel has been stripped of an important kitemark showing it is from well-managed, sustainable fisheries.
Scotland’s exports to other EU countries on the grow
Official figures show the value of Scotland’s exports beyond the UK to the rest of the EU grew by £1.7 billion in the year after the Brexit vote.
Equivalent of 250 million barrels of oil discovered in North Sea – the biggest in more than a decade
Chinese, French and Italian energy firms are celebrating the biggest gas find in the UK North Sea in more than a decade.
Employers must pay in more from April
Scottish business owners are facing a 3% increase in mandatory pension contributions from April 6.
December worst in 20 years for our high streets
Scottish retailers have reported the worst December sales figures in 20 years, highlighting continuing woes on the nation’s high streets .
The world’s largest semi-submersible drilling rig arrives in the Highlands
Bosses at a revamped Highland port have hailed the “culmination of 10 years’ work” as they yesterday welcomed the arrival of the world’s largest semi-submersible drilling rig.
North-east seafood boss gives warning over Brexit
A north-east seafood boss has urged MPs to give “serious consideration” to the industry’s workforce needs after Brexit.
New system for business bills will flag up late payers
Small Business Commissioner Paul Uppal is to recommend a traffic light warning system for business bills after new research into the scale of late payments.
Stonegate Pub Company cheered by festive sales
A national pub chain with six bars in Aberdeen and two in Inverness is toasting buoyant festive season sales.
MSPs build on grasp of Brexit effect
The potential impact of Brexit on Scotland’s construction industry will be put under the microscope at Holyrood.
120,000 Scots to be made bankrupt this year
Nearly 12,000 Scots will be made bankrupt this year, according to accountants and business advisers French Duncan.
Stagecoach to sell North American operations
Scottish transport giant Stagecoach Group is selling its North American operations to US-based private equity investors in a deal worth £215 million.
£40m worth of fake whisky is on the market, according to experts
Rare whisky experts have estimated that more than £40m-worth of fake product is on the secondary market for antique bottles of Scotland’s national drink.
The survival fight on the high streets
Changing shopping habits, Brexit uncertainty and rising employment costs and business rates have heaped pressure on retailers during 2018.
Scottish fishing fleet heading for stormy waters
The Scottish fishing industry is looking towards a much-vaunted “sea of opportunity” after Brexit but will have to navigate stormy waters after annual quota talks in Brussels delivered a mixed bag.
New Shell pipeline set to safeguard jobs at gas hub
Energy giant Shell has announced plans that will secure work for the St Fergus gas terminal near Peterhead for years to come.
Debates on North Sea fishing reach stalemate
Crunch talks affecting the future of North Sea fishing seemed to have reached an impasse last night.
Rebound in oil if traders think cartel cut ‘for real’
A backstop could be placed on the recent oil price freefall if traders are convinced Opec proposals to cut global production are “for real”, according to a top petroleum economist.
Energy services group Three60 has no plans to slow down yet
The boss at Three60 Energy said the fast-growing energy services group is still geared towards expansion.
Finance secretary urged to ditch out-of-town levy
More than 20 trade organisations have joined forces in an attempt to persuade Scottish Finance Secretary Derek Mackay to ditch plans for a new out-of-town business rates levy.
Iconic whisky brand sold to French drinks giant
French drinks giant La Martiniquaise-Bardinet has swooped to buy one of Scotland’s most iconic whisky brands.
CYBG boss unable to rule out more bank closures
CYBG chief executive David Duffy said yesterday he did not know if branch closures were largely behind the Scottish banking group.
Johnston Press buyout opposed by investor
Activist investor Christen Ager Hanssen vowed last night to fight the sale of Scottish publisher Johnston Press to a US hedge fund in a pre-pack administration deal.