News

Aberdeen-headquartered global energy services company Wood Group appointed Arvind Balan as its new chief financial officer and executive director, effective from mid-April 2024. Mr Balan's financial acumen, honed through his recent tenure as CFO of Rolls-Royce’s Civil Aerospace division &ndash

The Weir Group PLC, headquartered in Glasgow, has appointed Brian Puffer as its new chief financial officer and executive director, joining the board by 1 April 2024. Mr Puffer, who is currently serving as chief financial and risk officer at BP plc Integrated Supply and Trading, brings over three de

Responsible investor Downing LLP’s Property Finance Team has received a £75 million sustainability-linked facility from HSBC. Complementing the significant retail and institutional capital which Downing already has and is looking to deploy into the space, the additional funding will allo

Heating, Plumbing & Parts (HPP), a Scottish supplier, has grown its status as one of Scotland’s principal distributors in the plumbing, heating, and bathroom sector, following support from Business Gateway. The company's trajectory has seen significant expansion since its establishment in

HSBC has become the first bank to offer tokenised gold to customers. The bank has revealed a platofrm that utilises distributed ledger technology to tokenise the ownership of institutional clients’ physical gold held in the bank’s London vault.

Chivas Brothers, the Pernod Ricard business dedicated to Scotch whisky, has opened the doors of its Glentauchers distillery to the wider spirits industry to share its successful implementation of heat recovery technology at the company site.

Socially driven coaching and training enterprise, Know You More, is expanding its programmes for young people throughout Scotland, with free coaching and training on offer for those aged 18-25 thanks to a £100,000 funding boost from Social Investment Scotland (SIS). Thanks to the funding Know

Aberdeen developer Drum Property Group has announced pre-tax profits of £9 million as the firm hailed another year of strong growth. Drum said it continued to deliver “transformational” developments across the residential, leisure and business space sectors in Scotland and beyond i

In the latest economic update, Scotland's onshore GDP reported a slight increase of 0.1% in August. This modest rise follows a 0.2% growth in July and compensates for the 0.1% dip experienced in June. The service sector, which accounts for around three quarters of the economy, saw a 0.5% increase af

The Easdale Investment Group has gained approval for a new £15 million housing development on the site of the former 19th-century Tate & Lyle sugar refinery in Greenock, almost 27 years after the sugary refinery shut down. The 5.2-acre elevated site is located on Drumfrochar Road, Greenock

The Scottish Government has unveiled new funding initiatives aimed at promoting entrepreneurship among under-represented communities. A total of 42 recipients will share £1.6 million through the Ecosystem Fund, while 20 projects will receive £1.3m through a new Pre-Start Pathways Fund.

Family and owner-managed businesses across the region are being urged to take part in a survey to help provide vital insight into the challenges they face, aspirations they have and opportunities available. Accountancy firm Armstrong Watson, which operates in Scotland and across the North of England

Morton Fraser MacRoberts has completed its merger. The deal means the new firm has £46 million in annual revenues and is over 30% larger by turnover than its nearest rival.

A fashion worker is suing Stella McCartney’s label for £100,000 after she allegedly suffered a severe ankle injury during a photoshoot. Chloe Mickelborough, 31, claims the incident took place at McCartney’s Milan base in 2018, resulting in a broken heel and long-term pain. Mickelbo

Manchester-based courier company Speed Couriers has purchased Glasgow-based Caledonian Couriers, owned by Carole Henderson, in a private deal for an undisclosed sum.