2.1 C
Alba Iulia
Monday, February 17, 2020

Finance News

Shell in $3.8 billion deal to sell North Sea assets

Shell is to sell more than half of its North Sea stake to private equity-backed Chrysaor for $3.8b (£3.04b). The deal will give Shell a major boost in its drive to reduce debt following the acquisition of BG Group and...

BGF makes £10m investment in Aberdeen’s Frontrow

Growth capital investor, Business Growth Fund (BGF), has invested £10m in Aberdeen based Frontrow Energy Technology Group to support the company’s growth plans, alongside a £3m investment from the Group’s founders. Formed in 2013, the Frontrow team has acquired, established...

Merger creates £7m turnover turnkey operation

Aberdeen firms Abersea Engineering and Raisepower have merged to form a new company to be called Mesh Global with an annual turnover of about £7million a year. Abersea, which won the gong for business success under three years at last...

AAB Hit 50 Deals in 2016 for 3rd Consecutive Year

Anderson Anderson & Brown LLP (AAB), one of the leading independent firms of Chartered Accountants in Scotland, is delighted to announce the successful completion of 50 deals during 2016 for the third successive year. The contribution from transactions outwith the...

Handelsbanken Banking Deals Supports Ecosse Subsea Services’ Expansion Plans

Ecosse Subsea Services (ESS) has agreed a multi-million-pound revolving credit facility with Handelsbanken. The new relationship will support the Banchory-based subsea engineering specialist as it tenders for larger renewables and power generation contracts. With its roots in the oil and gas...

Aberdeen takes centre stage in London for stock exchange ceremony

The London Stock Exchange market open ceremony was performed by Aberdeen City Council leader Councillor Jenny Laing today (Tuesday 10 January). The event marked the local authority’s successful £370million bond issue, which was completed in November and was a first...

Albacom Expands Capabilities in Oil and Gas with £250K Investment

Albacom, a Dundee-based leading technology company, has relaunched its Surface Technology division after a £250,000 investment, which was supported by Scottish Enterprise. The Surface Engineering and Machining division expands Albacom’s capabilities in the oil and gas sector and allows the...

Ecosse Subsea Systems profits to double after switch to renewables

Subsea and engineering technology company, Ecosse Subsea Systems Ltd (ESS), said it had benefited as an ‘early adopter’ as it moved from its traditional focus in oil and gas in to the renewables and interconnector markets. Banchory-based ESS forecast turnover...

North-east accountancy firm reports record turnover

A North-east accountancy firm has reported a record year in business, increasing its turnover by 20%. SBP Accountants & Tax Advisers, which has offices in Aberdeen, Peterhead, Fraserburgh and Banff, has reached a record turnover of £2.5million due to a...

Drop in profits for Global Energy in challenging market

Turnover at Global Energy Group fell from £376m last year to £292m to the year end March 2016 with profits falling from £14.2m to £3.1m for the same period. The group manages its risks by diversifying across a number of...
Advertisement
Advertisement

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

We never use your email for spam

Latest News

Scotland’s leading tourism body seeking artist for lighthouse sculpture

SCOTLAND’S national tourism organisation is calling for local North-east artists to submit designs for its Light the North lighthouse sculpture. VisitScotland has become a sponsor...

Texo Group Welcomes New Head of Business Development

TEXO Group is delighted to announce the appointment of a new Head of Business Development. Deborah Bruce takes on the new role to lead the...

CALA submits plans for new cults development

CALA Homes (North) has submitted a planning application to Aberdeen City Council for a new residential development in Cults. The site, located north of Kirk...

Aberdeen-based, IKM Group, awarded new operator contract

IKM PRODUCTION Technology UK LTD, a newly-formed division of the IKM Group, has been awarded a 12-month contract to support CNOOC Petroleum Europe Limited...

Follow Us

Our Other Titles