Scotland business
All Scotland business Posts
FSB survey reports new credit costs prohibitive
Smaller firms around the UK are finding it increasingly costly to raise new finance, a Federation of Small Businesses (FSB) survey says.
New VAT boss takes helm at Johnston Carmichael
Johnston Carmichael has announced the appointment of its new head of VAT.
Bank urged to improve access for its customers
Business chiefs have urged Royal Bank of Scotland (RBS) to invest some of its £1.8 billion half-year profits in guaranteeing access to its services for all customers.
Scottish offshore drone company’s sales soar
Scottish offshore drone firm Cyberhawk Innovations has surged into the black after a huge jump in sales.
Accountant taking top job with business body
A senior partner at accountancy firm EY has been unveiled as the new chairman of the Institute of Directors (IoD) Scotland.
Conoco not out of North Sea yet – despite sell-off
US major ConocoPhillips has confirmed it is exploring for new oil in the North Sea.
SSE takes £80m hit to profits due to good weather
Warm temperatures and low wind have taken an £80 million hit on SSE’s operating profits for the start of the year.
Work commences on whisky giant’s ‘world-standard’ facility
Whisky giant Diageo has started work on a £6.4 million centre of excellence for operations behind a large share of Scotland’s national drink.
Loganair suffers hit of £9m on island routes
An air fare war on lifeline routes to the Scottish islands has left Loganair nursing annual losses of nearly £9 million.
Standard Life Aberdeen locked in Lloyds dispute
A row between Standard Life Aberdeen (SLA) and Lloyds Banking Group may take until the end of this year to resolve, it emerged yesterday.
Research report highlights ‘significant’ safety concerns and ‘creeping neglect’ at UK fishing ports
A research report launched by national maritime welfare charity Seafarers UK highlights “significant” safety concerns and “creeping neglect” at UK fishing ports.
Top chef aims to net seafood enthusiasm
A trade body is on a mission to encourage Londoners to eat more Scottish seafood.
Scottish household’ total wealth exceeds £1 trillion for first time – but is unevenly spread out
Scottish households’ total wealth has exceeded £1 trillion for the first time but is unequally shared, it was revealed last night.
Award’s £65,000 boost for food and drink idea
A Scottish research agency has launched a competition to help innovative Scottish food and drink businesses turn their great idea into a winning brand.
Heritage pledge as CYBG acquires Virgin Money
A Clydesdale Bank boss insisted yesterday the 180-year-old Scottish bank would not lose its heritage after the parent, CYBG, rebrands as Virgin Money.
Life sciences boost from £56m innovation centre
Life sciences firms throughout Scotland are expected to reap some of the rewards of a £56 million manufacturing innovation centre being built near Glasgow.
Aberdeen to play ‘vital part’ in Ghana’s ‘oil boom’
The chief executive of Ghana’s Petroleum Commission has said Aberdeen will play a “vital part” in the country’s upcoming “oil boom”.
Jersey Oil and Gas employs focused strategy to buy oil field stakes on a non-operated basis
Bosses at Jersey Oil and Gas are targeting the acquisition of North Sea production assets as the firm’s activity in the basin ramps up.
Sensor experts to tackle huge corrosion problem
A Scottish centre of expertise for sensor and imaging technology and an English university spinout have teamed up to tackle a problem costing the UK oil and gas industry billions of pounds a year.
Regular safety training could prevent wind farm deaths, study claims
Wind farm workers are putting themselves in mortal danger if safety training is not kept up to date, a new study has found.
Clydesdale owner tables new Virgin merger offer
Clydesdale Bank owner CYBG and Virgin Money said yesterday their proposed merger would create the UK’s “first true national banking competitor”.
Chrysaor ties up Spirit deal for Armada area
Chrysaor said today that it had wrapped up the purchase of Spirit Energy’s interests in the Armada, Maria and Seymour fields. Spirit Energy retains liability for decommissioning, subject to a cap, as part of a deal first announced in March. To read more on Energy Voice, click here.
Long journey from new player to serious contender
Chrysaor chief executive Phil Kirk admits it is “spooky” that his 10-year-old can recite the company’s core values.
New record for mussel production
Scottish mussel growers achieved a bumper harvest during 2017, official figures show.
Transport group chief getting £700k pay-off
The departing chief executive of FirstGroup is on gardening leave and will be paid nearly £700,000 in lieu of sums owed to him during his notice period.
Insurance sale deal could net SLA investors £1.75bn
Standard Life Aberdeen (SLA) investors will enjoy a £1.75 billion windfall if the proposed sale of the group’s UK and European insurance business goes to plan.
Eighth round of Scottish Green Bus Fund to give £1.7m cash boost
The Scottish Government’s Green Bus Fund is making £1.7 million available to operators, local authorities and regional transport partnerships.
Fergus Ewing denies Holyrood cabinet reshuffle during Aberdeen visit
Fisheries Minister Fergus Ewing batted away rumours of a looming cabinet reshuffle at Holyrood during his visit to the Skipper Expo International Aberdeen show yesterday.
Homebase is taken over for nominal sum by retail firm
DIY chain Homebase is heading for new ownership after retail restructuring firm Hilco agreed to buy the ailing business for a nominal sum.
Coalition formed over lack of women in energy leadership roles
Energy firms including Shell, Orsted and Scottish Power have signed up to a new initiative to increase the number of women in senior and middle management roles in the sector.
New plans for leasing seabed for wind projects
Crown Estate Scotland (CES) has unveiled proposals to lease seabed to encourage a new generation of offshore wind projects in Scotland’s waters.
Bid to tighten up on static fishing gear
The widespread use of items such as milk cartons and netted footballs as buoys to show where inshore fishing gear is located will be outlawed under new legislation, the Scottish Government said yesterday.