Category: News

BP has launched a formal process to market its UK North Sea business for a potential sale, and Aberdeen & Grampian Chamber of Commerce has responded by putting the decision squarely at the door of Downing Street. In a statement issued on 31 July, BP said the move “forms part of bp’s ongoing portfolio review” […]

Glasgow’s Commonwealth Games closed at the OVO Hydro on Sunday evening, ending an 11-day event that Glasgow Chamber of Commerce says has demonstrated the city’s capacity to stage a global sporting event on a leaner, privately funded model. The 2026 Games were delivered by Glasgow 2026 Limited, the private Organising Company established after the Australian […]

Organisers of the North of Scotland Trades Awards have reported a record number of applications for the 2026 edition of the sector’s regional event, with entries confirmed across fourteen competitive categories ahead of the ceremony in October. Now in its 14th year and sponsored by WM Donald, the Trades Awards is one of the region’s […]

Confidence among Scotland’s private businesses has fallen sharply through the first half of 2026, but firms are responding by backing themselves rather than pulling back, according to the latest edition of KPMG UK’s annual Private Enterprise Barometer. The research, which revisits the same Scottish businesses surveyed at the start of the year, shows that confidence […]

Coatbridge-based Galino Limited, a manufacturer of fasteners and machine-screw products in business for 45 years, has been placed into administration, with all 12 staff made redundant. David McGinness and Judith Howson of AAB Business & Tax Advisory have been appointed joint administrators. Administrator David McGinness said the business ceased to trade on appointment and that […]

Scotland’s financial and professional services sector has added around 21,000 jobs since 2023, taking total employment to about 157,000, according to a five-year strategy midpoint update from Scottish Financial Enterprise (SFE). The update, published to mark SFE’s 40th anniversary, records 15% employment growth over the period. The sector’s gross value added has risen from £14.3bn […]

The British Business Bank has committed £10m to Edinburgh-headquartered Odyssey Ventures as a cornerstone investor in the firm’s new seed and pre-seed fund, Odyssey Discovery I. The commitment forms part of the Bank’s Nations and Regions Investment Programme, which allocates capital to fund managers outside London. Odyssey Discovery I is a roughly £39m ($50m) fund […]

British Gas parent Centrica has confirmed plans to cut about 1,300 jobs over the next two years, with contact-centre teams in Glasgow and Edinburgh among the sites affected. The reductions were announced alongside the company’s half-year results on Thursday, which showed an 18% drop in first-half adjusted profit to £737m. Around 500 of the roles […]

The Scottish Government has granted development consent and marine licences to Ocean Winds for its two‑gigawatt Caledonia offshore wind development in the outer Moray Firth, one of the largest projects awarded through the ScotWind leasing round. The consent covers two adjoining projects, Caledonia North and Caledonia South, of approximately one gigawatt each, deploying up to […]

The Scottish Government’s decision to consent Ocean Winds’ 2 GW Caledonia development in the Moray Firth should have been an unambiguously good day for Scotland. It clears the last major planning hurdle from one of the largest ScotWind projects and, if it proceeds to construction, will bring £1.7 billion of Scottish spend, 140 turbines and […]