Contact us

Your Name (required)

Your Email (required)

Your Message

Scots builder agrees to takeover

Category: Scotland Business News — Mark on March 30, 2013

Construction firm Cala Group has agreed to a new partnership arrangement, which ultimately is a £200m takeover.

The Edinburgh-based firm will see (more…)

New oil boom on cards: Holyrood

Category: Scottish Economy — Paul Morgan on March 28, 2013

Recent analysis by the Scottish government has suggested that the country could be in line for an oil boom over the next five years.

The prediction is made in the SNP’s first Oil and Gas Analytical Bulletin.

The report forecasts that by 2018, oil production in Scottish controlled waters could generate taxable revenue amounting to £57 billion.

The first minister, Alex Salmond said:

“It’s clear that Scottish oil and gas could generate more revenues than has previously been assumed.”

Indeed, the scenarios examined – and based on recent investment and price trends – identify the potential for total revenues over the next six years of between £41 and £57billion.

The forecasts go further still, suggesting that over half of all UK Continental Shelf reserves have yet to be extracted. Over 90 percent of the UK shelf is in Scottish waters.

With commercial finance in Scotland increasing in the industry, Salmond went on to say that oil and gas could effectively fund Scottish independence.

However, opposition parties refuse to accept the findings. They say that the UK’s Office for Budget Responsibility has far lower projections.

The leader of the Scottish Liberal Democrats, Willie Rennie, said:

“In public, the SNP desperately insist the boom years are ahead, but in private we know they are deeply concerned that oil revenues are volatile, unpredictable and falling.”

A recently revealed draft discussion in government showed that there was widespread concern in predicting North Sea oil revenues. It did point to greater stability and control in the country if Holyrood had management of the revenue generated though.

Scots constructor turns 2012 profit after previous losses

Category: Invoice Factoring — Mark on March 26, 2013

One of the biggest building companies in Scotland returned to profit in the last year, following significant losses in 2011.

Miller Group, which is based in Edinburgh, posted a pre-tax profit of £6.6million in the year. It follows a loss of over £30million in the previous twelve months.

The firm recorded a group profit of £29.2million, 40 per cent ahead of (more…)

Scottish retail sees third consecutive monthly increase

Category: Scottish Economy — Gary Cain on March 24, 2013

The official retail figures for February have shown an increase in sales for a third month in a row, suggesting there could be grounds for (more…)

Oil firm signs partnership for new field development

Category: Scottish Economy — Paul Morgan on March 22, 2013

With the vibrancy of the oil and gas industry in Scotland continuing apace, there has been news of another deal being struck to (more…)

Banks announce more than 50 Scottish job losses

Category: Scottish Economy — Mark on March 20, 2013

Partner banks Clydesdale and Yorkshire are to shed 51 positions in Glasgow, as part of 130 job losses throughout (more…)

Holiday firm announces 18 Scots store closures

Category: Scotland Business News — Gary Cain on March 18, 2013

Troubled travel firm Thomas Cook has announced plans to shut 18 of its branches in Scotland, making (more…)

Engineering industry optimistic despite order slump

Category: Scottish Economy — Paul Morgan on March 16, 2013

Scottish engineering firms are seeing a fall in orders and a continuing slump in skills available to the industry, according to (more…)

Engineering industry optimistic despite order slump

Category: Scotland Business News — Mark on March 15, 2013

Scottish engineering firms have reported a drop in orders and a continuing slump in skills available to the industry, according to the (more…)

Scots gluten-free firm continues to rise

Category: Scotland Business News — Gary Cain on March 14, 2013

An Edinburgh-based gluten-free food company has completed the acquisition of a partner bakery in a deal worth (more…)

Older Posts »
IFS Guide
IFS Presentation
NACFB - Helping Fund UK Businesses  Federation of Small Business