News

Capricorn Energy and NewMed Energy have mutually agreed to terminate their proposed merger, following a strategic review by the new board of Capricorn. The merger, which had been promoted by the former board, was scheduled for a shareholder vote next week, but has now been called off. 

Chivas Brothers, the Pernod Ricard business dedicated entirely to Scotch whisky, reported performance with organic net sales up +23%, in its half-year results for the six months ending 31 December 2022, compared to HY23. This firm attributes the strong performance to its strategic focus on portfolio

FRP Advisory, the administrators of Dawnfresh Seafoods, have secured the sale of Dawnfresh Farming to Mowi Scotland, a subsidiary of Bergen-based international seafood farming and processing business Mowi Asa. As a result of the deal, which is for an undisclosed sum, 67 jobs and seven fish farm

Clark Contracts has achieved a record turnover of £100 million in the year ending 31st October 2022 as the main contractor entered its 45th year in business. Founded in 1978, the Paisley-based firm works throughout the UK, delivering projects across all sectors, for both private and public sec

A hydrogen sector memorandum of understanding (MoU) has been signed between Scotland and Singapore's respective associations, strengthening collaboration between the two countries. The Scottish Hydrogen and Fuel Cell Association (SHFCA) and their Singaporean counterparts, the Hydrogen and Fuel Cell

An expert has warned that the additional tax burden from the impending corporation tax hike could lead to a significant reduction in investment and the risk of businesses closing. Scotland’s business community will be under pressure to find an extra £1.5 billion per year of corporation t

The number of alleged fraud cases over £100,000 being heard in Scottish courts rose significantly last year, according to KPMG UK’s latest bi-annual Fraud Barometer. A total of 24 cases totalling £17.4 million reached Scottish courts in 2022, up from 2021, when 16 cases worth &poun

Industry figures have responded to the First Minister Nicola Sturgeon's announcement of her intention to resign as First Minister. The First Minister, who made the announcement yesterday, said she "will remain in office until my successor is in place".

Scotgold Resources Ltd has raised $3.6 million (£3.0m) in total from the sale of 1.2 million shares at 40p each. The Stirlingshire-based gold exploration and production company announced plans to raise around £2.5m last week.

Scottish Gas owner Centrica has shown a £3.3 billion operating profit in its preliminary results, following the growing wholesale energy price last year. The energy giant's operating profit grew nearly £2.4bn from £948 million in 2021. This surpassed the previous highest operating

Take-up of industrial property in Aberdeen has risen to its highest level in almost a decade during 2022, as a high oil price and greater interest in renewables boosted activity in the energy sector and its supply chain, according to Knight Frank. The independent commercial property consultancy&rsqu

The Royal Mint has added a coin featuring Professor Albus Dumbledore to its Harry Potter themed collection.

The UK is ranked at number 25 of 51 countries on the quality of entrepreneurship ecosystem economies, a drop from rank 18 last year, according to the new Global Entrepreneurship Monitor (GEM) National Entrepreneurship Context Index (NECI) released today.

Asset and wealth management firm AssetCo, run by Martin Gilbert, has announced a £9.2 million loss for the year ended 30 September 2022. The figure compares to a profit of £14.6m in 2021. According to the firm's preliminary results posted today, assets under management (AuM) reached &pou

SME specialists Consilium Chartered Accountants have provided corporate finance and tax advisory services to the Electric Heating Company (EHC) as part of a £3.8m investment by Foresight Group. The investment in Blantyre-based EHC is the first from Foresight’s £60m Scotland Fund, w