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© 2025 a Ƶ
Scotland
10:05, 1 SEP 2025
Ƶ agrees 10bn warship deal with Norway in 'significant' defence cooperation
By City AM
Agreement sees Britain supply Norway with at least five new Type 26 frigates, with construction taking place at BAE Systems' shipyards on the Clyde
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Defence firm Leonardo reopens return to work to programme
Employment
The scheme is being run across the company's sites in Bristol, Edinburgh, Luton, Southampton, Newcastle, Lincoln and Basildon
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Ribena owner to invest nearly £1m in blackcurrant breeding in face of climate change
Food and Drink
Suntory Beverage & Food Great Britain and Ireland is working with Scotland's James Hutton Institute on the project
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Ultimate Finance reports 'record' first half and moves into larger offices
Finance
The asset-based lender is seeing an increase in demand for its services
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Aberdeen launches consultation on plans to transform Bristol harbourside building
Offices
The public is being invited to provide feedback with the asset manager planning to submit an application to the city council this summer
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All companies involved in four-day week trial decide to keep it
Employment
The latest pilot was launched last November and has been hailed a success
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Rachel Reeves' tax hikes to cost car dealership Arnold Clark an extra £30m
By City AM
The Glasgow-headquartered group said the increase in employer's National Insurance contributions and the rise in the National Minimum Wage will mainly be responsible for the rise
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Investors Par Equity and Praetura to merge creating £670m northern group
Deals
The move is subject to regulatory clearance but could create a pan-northern group that aims to back start-ups and early stage firms
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South Gloucestershire company wins Royal Navy contract worth more than £114m
Deals
The Yate-based organisation will be responsible for the maintenance and repair of submarine equipment
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Ryanair to fine disruptive passengers £500 'minimum'
Transport
The budget carrier is hoping the new policy will act as a deterrent to 'unacceptable behaviour'
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FTSE 100 defence stocks: BAE Systems, Rolls-Royce and Babcock shares surge
By City AM
Shares in Babcock have jumped by more than seven per cent so far today to pass the 1,000p mark for the first time since the end of September 2016, while BAE Systems has seen a rise in its share price by almost two per cent
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SSE slashes investment and warns it won't meet 2030 net zero goal
By City AM
The Ƶ's second-largest energy supplier said it will likely miss its target of reaching 50 terawatt-hours of renewable generation output by 2030 as it slashes investment
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Scottish Widows abandons pension funds agreement, setting up separate investment fund
By City AM
The original pact saw 11 pension funds agree to invest five per cent of their assets in private markets.
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Unemployment rate hits near four-year high as wage growth falls
Employment
The Office for National Statistics (ONS) said the latest official figures showed further signs of a “cooling” labour market
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Offshore wind tech firm collapses with loss of jobs in Bristol and Scotland
Insolvency and Administration
Just last year the company announced plans to hire 200 staff globally and open more offices in Europe and Asia
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EY fined £500,000 for breaching audit rules in second penalty within a week
By City AM
The Financial Reporting Council has handed EY a £500,000 fine over its audit of a Scottish water company, less than a week after it was sanctioned over Thomas Cook
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Britain's longest train journey to be scrapped after more than a century
Transport
The CrossCountry service from Aberdeen in Scotland to Penzance in Cornwall has been running since 1921
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Trespass owner sees profits slide as it operates in 'challenging' market
By City AM
New accounts for the business show turnover dipped slightly from £127.4m to £127.3m over the same period
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Gender pay gap means women have 'worked for free' in 2025
Employment
Pay disparity between men and women remains "stubbornly high", the report TUC said
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Average Ƶ house price hits new record high
Housing
Halifax said there was a 'strong demand' for new mortgages and growth in lending
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Bristol University entrepreneurs scoop major Ƶ innovation prize
Technology
They have been awarded funding from Innovate Ƶ to develop their sustainable tech businesses
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The Range announces new store openings following Homebase acquisition
Retail & High Street
The superstore outlets will include gardening hubs under the banner of the former DIY chain
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Royal Navy tugboat crews balloted for strike action
Employment
The crews are based at Devonport, Portsmouth, Faslane, Great Harbour Greenock and Kyle of Lochalsh
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Famous Grouse whisky sale to billionaire's empire on the rocks as watchdog steps in
By City AM
William Grant & Sons, which is owned by Scottish billionaire Glenn Gordon, acquired The Famous Grouse and Naked Malt from Edrington in September last year
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