ScottishNews.com

Finance

Japan’s Mitsui to acquire Scottish pipeline solutions company STATS

Published 1 year ago

Japan’s Mitsui & Co. has penned a deal to acquire Aberdeenshire-based pipeline integrity solutions provider STATS for an undisclosed sum.

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PwC promotes 226 Scottish staff as growth accelerates across the region

Published 1 year ago

PwC has announced 226 promotions across Scotland, including one equity partner and 12 director appointments.

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Edinburgh’s Caledonian Waldorf Astoria changes ownership in £85m deal

Published 1 year ago

Property investment manager Henderson Park and hotel operator Klarent Hospitality have acquired the 120-year-old Caledonian Waldorf Astoria hotel in Edinburgh for a reported sum of £85 million.

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Barclays backs Moray West wind farm with £95.5m loan

Published 1 year ago

Moray West, a significant offshore wind farm development, has secured a £95.5 million loan from Barclays to support the next phase of the project’s construction as part of a wider syndicated £2 billion loan injection which closed in April 2023.

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Former Carillion finance director disqualified for 11 years

Published 1 year ago

The former finance director of construction outsourcing firm Carillion, Zafar Khan, has been disqualified from acting as a company director for the next 11 years due to his role in misrepresenting the firm’s financial health and sanctioning unwarranted dividends.

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Quantuma appoints Craig Morrison as managing director to new Edinburgh office

Published 1 year ago

International advisory firm Quantuma has appointed Craig Morrison as a managing director for its growing Scottish practice.

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Brodies posts record revenue as firm breaks £100m milestone

Published 1 year ago

Brodies LLP has announced its 13th consecutive year of growth – posting record revenue of £106.25 million.

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Neil McInroy takes over as chair at Economic Development Association Scotland

Published 1 year ago

Economic development and community wealth building expert Neil McInroy has been appointed as the new chair of the Economic Development Association Scotland (EDAS).

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Loch Lomond Distillers doubles profits as turnover breaks through £100m mark

Published 1 year ago

Loch Lomond Distillers has reported a significant financial upswing with a 20% increase in annual turnover, surpassing the £100 million threshold for the first time.

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Tough Construction becomes Scotland’s largest employee-owned business

Published 1 year ago

Glasgow-based multi-service construction company Tough Construction has transferred its entire shareholding to an Employee Ownership Trust (EOT), marking it as the largest business in Scotland to do so.

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Spotless elevates Laurie Scott to finance director

Published 1 year ago

Laurie Scott has been promoted to finance director of Edinburgh-based professional cleaning contractor Spotless Commercial Cleaning.

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Raft of promotions at Wylie & Bisset

Published 1 year ago

Wylie & Bisset has unveiled an array of promotions across various sectors of its organisation including audit, business advisory services, insolvency, payroll, and tax departments. 

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Edrington distills success as profits rise 43% to £387.7m

Published 1 year ago

Edrington, the Glasgow-based whisky distiller, comprising prestigious brands including The Macallan and Famous Grouse, has reported a 43% rise in pre-tax profits and exceeding £1 billion in core revenue for the first time, marking a milestone in the company’s financial performance.

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Scottish Government pledges £17.5m in startup-focused funding

Published 1 year ago

In a move to strengthen Scotland’s position as a European hub for startups, the Scottish Government has announced it will deliver a funding package worth £17.5 million this year.

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Scotland announces first two Investment Zones with £160m earmarked investment

Published 1 year ago

Scotland is set to create its first two Investment Zones in the Glasgow City Region and the North East, with up to £160 million of targeted investment, tax reliefs, and other incentives being earmarked over the next five years.

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