UK economic growth slowed sharply in the fourth quarter of last year - falling back below its long-term average as manufacturing achieved only marginal expansion and construction output tumbled - official figures have revealed.
THE North Sea will be hit especially hard by cost cutting by oil and gas firms following the slump in the crude price which will only stabilise at $90 per barrel in 2018, a prominent investment bank has warned.
STRONG growth of housebuilding activity will enable Scotland's construction sector to expand steadily over the next five years, with thousands of new tradespeople required to replace those retiring, an industry report has concluded.
Markets steered clear of turbulence today as British Airways owner International Airlines Group helped the FTSE 100 Index avoid storm clouds threatened by the success of Greece's left-wing Syriza party in elections.
LARGE-scale consolidation has been predicted for the oil and gas industry in 2015 by an influential sector analyst, which warns companies around the world will need to cut costs by as much as $170 billion to maintain net debt at 2014 levels.