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© 2025 a Ƶ
Scotland
11:51, 18 JUN 2025
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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Triodos Bank appoints former HSBC boss as Ƶ chief executive
Appointments
Mark Clayton will success Bevis Watts who announced his departure last year
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Lloyds Banking Group to transform head office with £200m investment
By City AM
The Port Hamilton building on Morrison Street, Edinburgh, will be transformed in partnership with Drum Property Group
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Beano publisher recovers from £161m loss after axing hundreds of jobs
By City AM
DC Thomson was founded in 1905 and also publishes The Sunday Post and The Dandy
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Ƶ media giant including Yorkshire Post and The Scotsman to be bought in £65m deal
By City AM
National World, which has a range of newspapers and websites in its portfolio, has agreed to a takeover by Media Concierge, which already owns a stake in the business
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Spain's Navantia to save failing shipbuilder Harland & Wolff
Deals
Business secretary Jonathan Reynolds said the deal was a 'huge vote of confidence' in the Ƶ
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Profit soars at luxury handbag firm loved by Princess of Wales and Meghan Markle
By City AM
Strathberry was founded by husband and wife team Guy and Leeanne Hundleby in 2013. It has grown its workforce to around 100 in recent years
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FirstGroup buys one of London's biggest bus operators in £90m deal
By City AM
The London-listed firm said on Tuesday it had signed a £90m deal to take RATP London off the hands off its owner, the French-state owned public transport provider RATP Group.
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