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Scotland

Harbour Energy returns to profit despite revenue and cash flow dip
By City AM
The producer has been hit hard by the energy profit levy that was imposed following the surge in energy prices in 2022, with the 75 per cent tax rate hitting its profit in 2023
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KPMG º£½ÇÊÓƵ and REC report: Labour market slack continues to build in July
By City AM
The latest jobs report from KPMG and the Recruitment and Employment Confederation (REC) showed another decline in permanent placements, although at a slightly slower pace than the previous month.
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Vodafone advances £3.4bn shareholder return plan with new £430m buyback amid strategic overhaul
By City AM
The move comes after the FTSE 100 firm said in March it would return €4bn to shareholders as part of a broader capital allocation review following asset sales
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GSK secures victory in latest Zantac trial: Jury dismisses claims linking drug to cancer
By City AM
The London-listed pharmaceutical giant has faced a barrage of lawsuits over whether or not Zantac - once the best selling drug in the world - was carcinogenic.
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Initiative to help decarbonise South West, Midlands and West Wales launches
Climate Agenda
It is hoped the proposals will attract inward investment worth more the £5bn across the chosen areas
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Wood Group stock tanks after Dar Al-Handasah pulls out of acquisition deal
By City AM
Dubai-based engineer Dar Al-Handasah, known as Sidara, has ended takeover talks with London-listed John Wood Group, citing "rising geopolitical risks" and "financial market uncertainty"
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British Retail Consortium reports continued drop in retail footfall amid holiday spending surge
By City AM
The British Retail Consortium found that the number of shoppers on the º£½ÇÊÓƵ's high streets fell by 3.3 per cent in July, the twelfth consecutive month of decline
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Eversheds Sutherland profit growth stalls as it battles 'challenging economic conditions'
By City AM
The law firm said that growth had been 'more challenging economic conditions' in most of the markets it operates in, with net profit virtually flat on the previous year
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Axa reports over £50bn in revenue as it exits asset management with BNP Paribas deal
By City AM
The French insurer has reported that its underlying earnings were up from £3.5bn to £3.6bn in H1 2024, as the group also revealed that it has agreed to sell its asset manager to a French banking giant
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Capita returns to profit as it ploughs ahead with £160m of cost cuts
Capita
The outsourcer, which works on behalf of the government and the private sector, said it made a pre-tax profit of £60 million in the first six months of 2024, compared with a pre-tax loss of almost £68 million a year earlier.
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Harland & Wolff scraps Scilly Ferries service before maiden crossing
Transport
The stricken shipbuilding firm made the announcement as it agreed a $25m loan to support the 'stabilisation' of the business
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Online support hub for black entrepreneurs launches in º£½ÇÊÓƵ
Black Communities
The initiative includes mentoring and guidance, access to events and networking as well as information on funding
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BAE Systems sees profit and revenue jump, raises dividend following robust trading update
By City AM
The Farnborough-based defence giant, which has benefited from the twin tailwinds of rising geopolitical tension and the prospect of a Trump presidency withdrawing Nato support, saw a 13 per cent year-on-year rise in revenue
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Dorset's Sandbanks most expensive coastal area in º£½ÇÊÓƵ to buy a home
property news
Six of the 10 most-costly locations for property are in the South West of England
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GSK raises guidance after strong second quarter boosted by cancer and HIV portfolio
By City AM
Total sales in the second quarter of 2024 reached £7.9bn, an increase of 13 per cent year on year while core operating profit at the pharma company rose by 18 per cent
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Evri to create 9,000 jobs in hiring spree following US takeover
By City AM
The º£½ÇÊÓƵ's largest parcel delivery company will employ 8,000 additional couriers, alongside 1,000 warehouse and supporting roles this year. Key areas for the hiring spree include Scotland, Bury St Edmunds, Plymouth and Gatwick
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New 'era of cheap debt' is over - but º£½ÇÊÓƵ is leading way in global recovery, says asset manager
By City AM
Real estate has now mostly repriced following readjustments as the era of cheap debt came to an end, according to asset manager Abrdn
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Animation and special effects studio Axis goes into administration
Creative & Digital
The West Country division worked with major film and TV brands including Netflix, Sky and HBO
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More than third of major airports raise drop-off fees
Transport
The RAC has said it is "bordering on the ridiculous"
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The Wave Project surf charity appoints permanent chair
Appointments
Brett Simpson has been working with the organisation for six years
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Ticket business which works with Glastonbury acquired
West Midlands
TicketSellers and Eventree have been bought out by Scottish outfit Citizen Ticket which now plans to target international markets
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Energy advisory consultancy Apollo awarded North Sea oil project contract
Energy
The four-year project involves the development of a greenfield platform and subsea infrastructure
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Average º£½ÇÊÓƵ house price could be £61,500 higher by 2028
property news
Savills cautioned that the market remains sensitive to short-term fluctuations however
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Listed Canadian engineering firm Stantec swoops for Hydrock
Deals
The º£½ÇÊÓƵ company employs 950 staff across its 22 offices
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