News

Nevis Range, a highlands mountain range resort, has witnessed its profits surge by 55% following a £1 million investment package from HSBC UK.

Projects in Aberdeenshire and the Humber have been chosen as the third and fourth carbon capture usage and storage (CCUS) clusters in the UK.

Richard Moriarty has been appointed as the new CEO of the Financial Reporting Council (FRC), set to commence his role in October. This announcement was made by minister Kevin Hollinrake on behalf of the Department of Business and Trade. Mr Moriarty will succeed Sir Jon Thompson, who has transitioned

Industrial leasing activity in Scotland reached an 18-month high in the second quarter of 2023, with take-up figures reaching 1.3 million sq ft. This surge was driven by five major transactions involving properties larger than 50,000 sq ft. In comparison, there was just one such deal in the precedin

Joint administrators Blair Nimmo and Alistair McAlinden from Interpath Advisory have taken over the reins of Le Chardon d’Or Limited, a Glasgow fine dining establishment, after it ceased trading last week. The company's restaurant, Brian Maule at Chardon d’Or on West Regent Street, is kn

Thai state petroleum company PTTEP has joined a collaborative green technology initiative based in Scotland, aimed at demonstrating the potential of wave-powered subsea equipment. The project, dubbed Renewables for Subsea Power (RSP), includes a £2 million demonstrator initiative which is curr

An Inverness-based housebuilder that ceased trading earlier this year owed nearly £1 million to creditors Ptarmigan Homes left 25 projects unfinished when it collapsed in April.

Regional private equity and infrastructure investment manager Foresight Group has made a £2 million investment into RFB Containers Limited to facilitate the acquisition of Forth Containers Limited, a Bathgate-based company. RFB, under the leadership of managing director Angus Barraclough, has

With a budget of £4.2 billion, Network Rail Scotland unveils its five-year plan, promising a safer, more environmentally friendly, and dependable railway system.

A Californian family that made millions by recycling cans and bottles now faces numerous felony charges which could lead to substantial prison sentences. State prosecutors filed a felony complaint this month charging eight family members in Riverside County with defrauding the state. They allegedly

In a dramatic fallout following the mishandling of former UKIP leader Nigel Farage's bank accounts, Peter Flavel, the CEO of Coutts private bank, has resigned from his post. The incident, which saw Mr Farage's accounts being closed, has had repercussions extending to the parent company NatWest, caus

Following a tumultuous week that saw two of its chief executives resign, Natwest (NWG) has reported a strong interim performance for the first half of 2023, with total income rising from £6.22 billion to £7.73bn year-on-year, and net interest income increasing to £5.73bn from &pou

For the first half of 2023 TSB has reported a significant rise in pre-tax profits, reaching £147.9 million, a 43.7% increase compared to £102.9m in the first half of 2022. The income increase of 11% to £584.5m is mainly attributed to the higher interest rate environment, somewhat o

Scottish retail vacancy rates have risen to a concerning 15.9% in Q2 2023, marking a 0.2 percentage point increase from the same period in 2022, with high street and shopping centre vacancies hitting 15.1% and 20.7%, respectively, according to Scottish Retail Consortium and Local Data Company's Q2 2

Asset management firm abrdn has appointed Jason Windsor as its new chief financial officer and executive director. Scheduled to take up his new role by October 2023, Mr Windsor brings to abrdn almost three decades of experience within the financial services industry. He spent more than a decade with