Aberdeen

Aberdeen

Property firm Bidwells hails ‘substantial’ growth

The Scottish arm of property consultant Bidwells has racked up a 12 per cent increase in annual fee income.

Companies
Squad founder Collette Norval with social entrepreneur Duncan Skinner. Picture: Michal Wachucik/Abermedia

Aberdeen ‘snood’ maker scores a hit with Celtic FC

An Aberdeen clothing start-up backed by social entrepreneur Duncan Skinner has signed a licence deal with Celtic FC and added BrewDog and Royal Bank of Scotland Kiltwalk to its growing client list.

Retail

Standard Life and AAM chiefs set out job share plans

The heads of Standard Life and Aberdeen Asset Management (AAM) have set out in detail how they will share the top job when the firms’ £11 billion planned merger takes place later this year.

Financial 1
The oil price drop has hit the North Sea but positives remain, writes Perry Gourley. Picture: Contributed

Less in reserve for North Sea as debate rages on

The value of Scotland’s oil and gas was a key debating point during the 2014 referendum but new estimates suggest much has changed since then.

News 2
Bob Ruddiman hails 'refreshing' progress on reviewing the tax regime for late-life oil and gas assets. Picture: Andrew Milligan/PA Wire

Bob Ruddiman: Welcome progress for decommissioning relief

The thorny issue of raising National Insurance for the self-employed proved a step too far for many Conservative backbenchers and resulted in this week’s dramatic U-turn and unceremonious ditching of Chancellor Philip Hammond’s Budget measure.

News
Oilfield services companies have been hit by falling crude prices but there are grounds for optimism. Picture: Getty Images/iStockphoto

More M&A deals in the pipeline for oil services firms

Plans for two of the biggest names in the sector to join forces reflects the need to cut more costs but is also a sign of improving confidence, writes Perry Gourley.

News
The grammar school is sited in what is now the grounds of the University of Aberdeens Kings College Chapel. Picture: Contributed

Ancient grammar school at Aberdeen University to be unearthed

Archaeologists are hoping to unearth a lost piece of architectural and educational heritage in the historic heart of old Aberdeen.

People & Places
Wood boss Robin Watson said it would be 'inappropriate' to put a number on potential job losses. Picture: Contributed

Wood tight-lipped on job losses under £2.2bn Amec deal

Oil and gas services giant Wood Group has agreed to buy Amec Foster Wheeler in a “transformational” all-share deal that values the rival engineer at more than £2.2 billion.

News

What we know about the Standard Life/AAM merger so far

With Standard Life and Aberdeen Asset Management (AAM) agreeing terms of their £11 billion merger, here is what we know about the deal to create Britain’s biggest fund manager.

Financial 4
Opposition parties criticised the case for Scottish independence. Picture: Andrew Milligan/PA Wire

Mixed outlook for offshore oil and gas industry

The UK offshore oil and gas industry is better placed after a two-year efficiency drive to vie for much-needed investment, but the basin still faces “considerable” hurdles, according to a study published today.

News 2
The Scottish Government has given a positive initial response to the merger. Picture: Lisa Ferguson

Martin Flanagan: Holyrood relaxed over Standard-AAM deal

Those who wondered if the costcutting-and‑complementarity cocktail of logic for the merger of Standard Life and Aberdeen Asset Management (AAM) would be trumped by populist Holyrood politics may be disappointed.

Financial 9
Rebecca Croan joins the marketing team at Gillespie Macandrew as business development executive. Picture: Contributed

On the move: Latest appointments and promotions

Law firm Gillespie Macandrew has recruited two new specialists to step up the firm’s marketing activity.

Management 1
AAM boss Martin Gilbert would become co-chief executive of the combined group. Picture: Ian Rutherford

Bill Jamieson: Standard Life and AAM may not be Bon Accord

In proposing any £11 billion mega asset management merger between Standard Life and Aberdeen Asset Management (AAM), both sides believe they have an ideal solution for the challenges facing both companies.

Financial 2
The proposed tie-up between Standard Life and AAM has raised fears over job cuts. Picture: Neil Hanna

Backlash looms over Standard Life’s £11bn AAM deal

Sir George Mathewson, a former chief executive of Royal Bank of Scotland and a doyen of the finance sector in Scotland, has voiced “regret” at the proposed £11 billion merger between Standard Life and Aberdeen Asset Management (AAM).

Financial 29
The OGA report found an average delay of ten months for oil and gas projects. Picture: Danny Lawson/PA Wire

Most oil and gas projects are late and over budget

Less than a quarter of the new oil and gas projects on the UK continental shelf (UKCS) have been delivered on time since 2011, according to a report.

News 3
Plexus chief Ben van Bilderbeek said the deal provides 'some encouragement' for the Aberdeen firm. Picture: Contributed

Plexus ‘encouraged’ after landing new well customer

Plexus Holdings, the Aberdeen-based oil and gas technology firm, has secured a new customer in the form of Nexen Petroleum.

News
Revolution Bars chief Mark McQuater. Picture: Contributed

Revolution Bars looks to grow presence in Scotland

Revolution Bars Group said it is trading “really well” in ­Scotland, where it plans to grow its network after posting double-digit growth in sales in its interim results.

Media & Leisure
OC Robotics' 'snake-arm' device will feature at the ITF Technology Showcase in Aberdeen. Picture: OC Robotics

Robot arm grabs limelight in oil technology showcase

An event set to take place in Aberdeen this week focusing on innovation in the oil and gas sector is to feature technology that could take offshore inspection to “a new level”.

News
Patch the Springer Spaniel at The Palace of Hollyrood in Edinburgh. Picture: SWNS

Dog in charge of protecting Queen at Balmoral retires

Her bark may have been worse than her bite, but Patch, the springer spaniel who helped guard the Royal Family during visits to 
Scotland, is retiring after nine years of loyal service.

UK 2
Colin Parker is retiring after 30 years with Aberdeen Harbour Board. Picture: Contributed

Aberdeen Harbour boss to retire after 30-year stint

Colin Parker, the chief executive of Aberdeen Harbour Board, is to retire after three decades with the team.

Transport
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