Business

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. 

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

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

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

Global E&C, a Scottish engineering, procurement and construction (EPC) service provider, has been acquired by US-based private equity company SCF Partners. Headquartered in Aberdeen, Global E&C has a global headcount of more than 1,000 people, with more than 900 people supporting the UK&rsqu

Glasgow-headquartered Edwin James Group has received a secondary investment from funds under management by private equity firm Aliter Capital LLP (Aliter) to support the group’s growth plans. The engineering services group helps companies across the UK look after their critical environments an

Twelve aspirational female company founders have been shortlisted as finalists in the AccelerateHER Awards 2023. Three female-led companies were selected from each of the awards’ four specific categories - technology; environment; culture; and health. A winner from each of the four categories

Auditing is the most in demand finance career in the UK right now, according to a new study from online trading platform CMC Markets.

Independent pharmacy business Porter Pharmacy has purchased two pharmacies as part of its ongoing growth plans. Porter Pharmacy, which is owned and run by husband and wife team Andy and Lynne Porter, have added two pharmacies to their existing group of outlets, with the company now operating a total

Lothian Pension Fund has acquired Corstorphine Retail Park from Hunter Real Estate Investment Management for £16.265 million.

South Lanarkshire-based The Electric Heating Company (EHC) has received a £3.8 million investment from private equity and infrastructure investment manager Foresight Group. Founded in 2005, EHC is a distributor of electric heating products. It supplies electric boilers, heaters and water cylin

Morgan Stanley has announced a doubling of the size of its Inclusive Ventures Lab (MSIVL), an accelerator programme that invests in and works closely with start-ups led by women and ethnically diverse founders.

A public/ private consortium made up of Advanced Infrastructure, Oxfordshire County Council, Dundee City Council, Perth and Kinross Council as well as Scottish and Southern Electricity Networks (SSEN) have announced their successful bid in the Innovate UK Net Zero Living programme. The aim of the Ne