Company News Archive

  • Vertu Motors on acquisition trail in Scotland
    Wednesday 22 May 2013

    VERTU Motors, the car retailer with eight dealerships in Scotland, is on the hunt for acquisitions north of the Border after announcing plans to raise £50 million in new equity funding.

  • Carnival expecting stormy seas ahead
    Wednesday 22 May 2013

    Carnival, the world's largest cruise company, issued its second warning on profits in less than three months as revenues fell and voyage cancellations increased in the wake of a series of major mishaps on its ships.

  • John Menzies looks ahead after another contract renewal
    Wednesday 22 May 2013

    John Menzies has chalked up another major contract renewal in its traditional newspaper and magazine distribution business.

  • Clinical research firm opens office in Turkey
    Wednesday 22 May 2013

    ClinTec International, the Glasgow-based clinical research organisation (CRO), is to extend its reach into Turkey.

  • Bolland vows to turn around M&S fortunes
    Wednesday 22 May 2013

    MARKS & Spencer chief executive Marc Bolland has insisted he is determined to see through the overhaul of the UK's biggest clothing chain after it posted a 5.8% fall in underlying pre-tax profit to £665.2 million.

  • AGR wins £18m drilling deal
    Wednesday 22 May 2013

    The Aberdeen-based well management team of the AGR oil services business has won an £18 million contract to help Genel Energy conduct a 10-well campaign off North and West Africa.

  • Atos opens centre in Moray
    Wednesday 22 May 2013

    Atos has opened a development and innovation centre in Moray, where the IT services giant may create 200 jobs.

  • G4S chief executive is latest to leave after Olympic failure
    Wednesday 22 May 2013

    NICK Buckles, the chief executive of security giant G4S, is to step down 10 months after the company suffered staffing problems at the 2012 London Olympics.

  • Broker worries hit shares in bus and rail firm
    Wednesday 22 May 2013

    SHARES in Aberdeen-based bus and rail operator FirstGroup have continued to drop after their pummelling on Monday as analysts reconsidered their stances on the stock.

  • G4S boss to stand down
    Tuesday 21 May 2013

    The boss of security giant G4S is to stand down - just months after he came under fire for his company's botched handling of its Olympics Games contract.

  • M&S profits slump to four-year low on back of poor clothing sales
    Tuesday 21 May 2013

    Marks & Spencer's annual profits fell to their lowest level in four years today after clothing sales slumped.

  • HSBC backs Castle Hotels with £5m package for Atholl Palace
    Tuesday 21 May 2013

    Castle Hotels has appointed HSBC to handle its Scottish banking, in a move that will see the bank providing a £5.5 million funding package for its flagship Atholl Palace Hotel in Pitlochry.

  • Double honours for Aggreko
    Tuesday 21 May 2013

    Aggreko, the temporary power supplier, has been certified as "world class" in its own use of energy.

  • Iomart sows seeds for success
    Tuesday 21 May 2013

    The charity staging the Chelsea Flower Show, which opened yesterday, has turned to Glasgow-based cloud computing group iomart for IT infrastructure.

  • Ryanair warns of slower growth as profits hit £480m
    Tuesday 21 May 2013

    PROFITS at Ryanair have soared by 13% to €569 million (£480m) after tax during a year that saw the no-frills airline pledge its future to Prestwick Airport and commit to expanding its operations in Edinburgh.

  • Harbour lease deals secure future of marine firm Dales
    Tuesday 21 May 2013

    DALES Marine Services has secured its long-term future after renewing its leases to operate at Aberdeen and Leith harbours by 20 years.

  • FirstGroup share price slumps on rights issue
    Tuesday 21 May 2013

    MORE than £328 million was wiped off the market value of Aberdeen-based transport giant FirstGroup as its shares plunged by nearly a third after it asked shareholders for £615m to reduce its debt pile and turn around its bus and rail operations.

  • Meat firm Cranswick delivers healthy set of results
    Tuesday 21 May 2013

    Pork-producer Cranswick said it was well placed to benefit from the increased popularity of British-sourced food as it unveiled a healthy set of full-year results.

  • Superglass restructure plan wins backing of shareholders
    Tuesday 21 May 2013

    THE chief executive of Superglass Holdings, Alex McLeod, said the troubled insulation manufacturer could enjoy a successful future after it won overwhelming backing for a restructuring he described as transformational.

  • Oil field developer xCite in £10m deal for Shetland wells data
    Tuesday 21 May 2013

    XCITE Energy is raising up to £10.5 million by selling information about two wells drilled east of Shetland in a deal that appears to reflect strong industry interest in heavy oil fields.

  • Construction cost for Scotgold plant at £9.1m
    Tuesday 21 May 2013

    SCOTGOLD has revealed that constructing the processing plant at the Cononish gold mine will take a £9.1 million chunk from the £23.2m it expects to incur in pre-production expenditure at the site in Argyll.

  • Yahoo in $1.1bn takeover of Tumblr
    Tuesday 21 May 2013

    TECH giant Yahoo has snapped up Tumblr in a major US deal that will reportedly net the blogging site's 26-year-old founder a $250 million (£164m) six years after he started it.

  • Skyscanner aiming to double scale of Asia-Pacific operation
    Tuesday 21 May 2013

    SKYSCANNER, the fast-growing global travel search website based in Edinburgh, is aiming to more than double its workforce in Singapore as it targets further rapid expansion in the Asia-Pacific region.

  • Cranswick cites increased popularity of British-sourced food
    Monday 20 May 2013

    Pork producer Cranswick said it was well placed to benefit from the increased popularity of British-sourced food today as it unveiled a healthy set of full-year results.

  • Ryanair unveils rise in profits
    Monday 20 May 2013

    Low-cost airline Ryanair boosted annual profits by 13% today but warned that the recession across much of Europe will dampen growth this year.

  • Chairman Martin Gilbert quits as FirstGroup cancels dividend and tackles £2bn debt
    Monday 20 May 2013

    Bus and train operator FirstGroup today announced a £615 million fundraising and cancelled its dividend after plans to turn around the business were derailed by the West Coast mainline fiasco.

  • Howie preparing for growth at meat plant
    Monday 20 May 2013

    ENTREPRENEUR Simon Howie is building an extension at his meat processing facility to cope with growing demand caused by the horsemeat scandal and the demise of Vion's operations in Scotland.

  • Firm hopes sport recovery drink will be a winner
    Monday 20 May 2013

    A SCOTTISH sports nutrition business is hoping to impress professional teams and athletes with its new recovery drink.

  • Kier wins £6m deal to fit out business campus
    Monday 20 May 2013

    KIER Construction has won a £6 million deal to provide infrastructure at a new low-carbon business park.

  • £8m contracts to boost staff numbers at Skene by 10%
    Monday 20 May 2013

    SKENE Group is planning to hire around 20 new staff after picking up construction and civil engineering contracts worth £8 million.