News

Interserve has agreed principles of a debt for equity rescue deal with its lenders, the firm announced this morning. The deleveraging plan involves the issuing of £480 million worth of new shares and transferring £350m of existing debt to Interserve’s RMD Kwikform business, wh

Design and fit-out specialist Havelock International is to bring in reduced hours and four-day working weeks as part of a new ‘sustainable manufacturing’ plan aimed to boost growth. The firm, which was rescued after Havelock Europa was bought out of administration by Rcapital in July, em

A contract for an extension and partial refurbishment at Invergarry Primary School has been awarded to Morrison Construction. The £800,000 project will see the replacement of a double classroom unit that is in poor condition with an extension to the school comprising two classrooms, toilets an

Plans to build a state-of-the-art athletics facility in Renfrewshire have taken a step forward after councillors backed a community asset transfer to Kilbarchan Amateur Athletics Club (AAC). More than 4000sqm of land will be transferred to the local club to progress plans for a £1.3 million in

Unite’s craft membership in local authorities have voted to accept the revised pay offer from the Convention of Scottish Local Authorities (COSLA), the union confirmed today. The craft agreement, which is a separate proposal from the wider local authority offer, was accepted by 84% of those vo

Housebuilder Barratt Developments has reported a rise in half-year sales and profits as it continues to benefit from operating efficiencies. The country’s largest housebuilder posted a 7.2% rise in revenues to £2.1 billion in the six months to December 31, while pre-tax profits jumped 19

A model agreement between the Scottish Government, West Lothian Council and a newly-created joint venture could help tackle Scotland’s housing crisis if replicated in other regions, writes Russell Munro. Mary Queen of Scots is said to have stopped off at Niddry Castle near the village of Winch

Edinburgh-based specialist commercial property manager Cowiesburn has secured the appointment to provide property management services to The Charlotte Square Collection and its portfolio of 21 ‘Grade A’ listed townhouse office buildings in Charlotte Square, Edinburgh.

Four times as many Scots would choose to build underground systems for the UK’s most important cities over the post-Brexit “vanity projects” proposed by Boris Johnson, a poll has found. Since the referendum result, the former foreign secretary has suggested the creation of two brid

Small and large construction firms are being invited to bid for places on an innovative new commercial agreement which will support public sector construction projects. The Construction Works and Associated Services commercial agreement will assist central government and the wider public sector to c

Morrison Construction has begun work on two multi-million pound projects at the Glenmorangie Distillery near Tain in Ross-shire, as part of the distillery’s expansion plans. Located in the heart of the distillery, the new still house will showcase two more of Glenmorangie’s signature cop

A project to transform a former school in Glasgow’s West End into student accommodation has been given the green light. Under plans designed by IDP Partnership on behalf of Urban Pulse, the building at 333 Woodlands Road will become 71 separate flats for those in full time education at one the

A proposal of application notice has been lodged by Structured House Group (SHG) for the future development of site 17 at Dundee Waterfront. The firm wants to build a mixed use residential development incorporating bar/restaurant, public and support spaces and commercial units at the area betwe

NHS Lothian has unveiled proposals for a new two storey renal unit within its Western General Hospital site in Edinburgh. Initiation plans from HLM Architects show the development will comprise clinical, staff and support accommodation, with associated landscaping.

An agricultural firm is planning to build a £20 million poultry feed mill at the Port of Rosyth. 2Agriculture, a subsidiary of UK poultry company 2 Sisters Food Group, wants to develop the 41-metre tall mill on a five-acre plot at the Fife port.