News

UAE-based suitor Sidara is considering a cut to its takeover price for Wood Group, citing concerns over the Aberdeen-headquartered engineering firm’s ongoing investigation by the Financial Conduct Authority (FCA).

Wood Group's wholly-owned subsidiary, JWG Investments Limited, has agreed to sell its 50% stake in RWG (Repair & Overhauls) Limited to its joint venture partner, Siemens Energy, for a cash consideration of $135 million (c. £100m). The transaction is a key part of Wood's previously announce

Scotland will host its inaugural National Innovation Week later this year, an initiative designed to build on the country's rich history of invention and showcase its leadership in transformative technologies and industries of the future. Taking place from Monday 22 September to Friday 26 September,

Mill Architects director Richard Webb has been appointed to the board of Scottish Agritourism, joining at a pivotal moment for the sector. Scottish Agritourism represents more than 300 member businesses and is actively strengthening its governance ahead of hosting the inaugural Global Agritourism Co

There is growing demand amongst Scottish parents for a shake-up of the Junior ISA (JISA) rules to allow members of the child’s extended family to open accounts for children, according to new research from Scottish Friendly. Under the current rules, only parents or legal guardians can open a JI

Royal Bank of Scotland-owner NatWest Group PLC has reported strong first-half results, with attributable profit for the six months to June climbing 28% to £2.5 billion. Operating profit before tax reached £3.6bn, up from £3.0bn in the same period last year. This performance was dri

US-listed shares in doughnut chain Krispy Kreme and camera maker GoPro surged on Wednesday, marking the latest flare-up of the "meme stock" phenomenon. Driven by retail traders organising on social media forums like Reddit's WallStreetBets, the rally echoed the GameStop mania of 2021.

UK families are finding themselves caught between a growing desire to save and the harsh reality of the cost of living crisis, a new report has revealed. The 2025 Scottish Friendly Family Finance Tracker, an annual snapshot of the investing and savings habits of UK households, shows that despite a g

A landmark trade deal signed today between Prime Minister Sir Keir Starmer and his Indian counterpart, Narendra Modi, is set to deliver a £190 million boost to the Scottish economy. The agreement will see tariffs on Scotch whisky exports to India halved from 150% to 75%, with the potential for

An expanding Scottish hospitality tech firm has opened a Cape Town office and made two senior appointments as it seeks to become a leading player in South African tourism.  Hop Software, co-founded by Highland hoteliers Richard Drummond and Jon Erasmus, has seen its all-in-one hotel Property Ma

NatWest Group has announced a new, five-year collaboration with Amazon Web Services (AWS) and Accenture to transform the way it serves its customers by accelerating the modernisation of its digital, data and analytics, and AI capabilities. The collaboration will enable NatWest to provide more intuit

Accounting and business advisory firm MHA's Michael Reid has been appointed as liquidator for charity Mental Health Aberdeen. The north-east mental health charity has ceased operations with immediate effect after more than 75 years of service, citing insurmountable financial pressures and soaring de

Specialist flooring solutions provider General & Technical Flooring Services Limited has undergone a management buyout.

Bank of Scotland-owner Lloyds Banking Group has reported a significant rise in second-quarter profits, surpassing analyst expectations and leading to a substantial increase in its shareholder dividend. The bank's underlying profit before impairments reached £2.16bn, a 17% increase from the fir

MFMac has posted 7% year-on-year revenue growth, with group revenues surpassing £50 million in its first full year of trading. In the same period MFMac has increased its profitability by almost 30% from £14.7m to £19m. As a result, all staff will share in a firm-wide profit share p