Finance and Economy cabinet role to be split
First Minister Nicola Sturgeon said on Wednesday she will appoint her new cabinet next week — and will split the role of the Cabinet Secretary for Finance and Economy…
First Minister Nicola Sturgeon said on Wednesday she will appoint her new cabinet next week — and will split the role of the Cabinet Secretary for Finance and Economy…
Edinburgh-based savings and investment giant Standard Life said its chief executive Keith Skeoch voluntarily cut his potential incentive plan from 500% of his salary to 400%. Skeoch’s base salary is £700,000,…
The Queen has appointed five new Senators of the College of Justice — judges who sit in Scotland’s highest criminal and civil courts — on the recommendation of…
A group of shareholders who control 22.6% of Livingston-based industrial smart metering firm Energy Assets Group said on Wednesday they would vote against a £198 million takeover deal unless Energy…
Aberdeen-based oil and gas services giant Wood Group said on Wednesday that it expects its earnings before interest, taxes and amortization (EBITA) to December 31, 2016 to…
Shares of Glasgow-based packaging firm Macfarlane Group ended Tuesday trading down almost 7% — having been down around 20% at one stage — after it gave…
Edinburgh-based Standard Life Investments’ Hong Kong business has established a strategic relationship with leading Chinese asset manager Bosera Asset Management. The two fund managers have announced the launch of…
The Scottish Council for Development and Industry said there is “a very high level of support” among its members for the UK to remain a proactive member of…
Edinburgh Airport’s passenger figures for April rose by 8.7% to 1,009,529 with international traffic — up 18.4% — the strongest performer. International flights now make up more than half…
Cantor Fitzgerald Europe co-CEO Gordon Neilly — a veteran of the Edinburgh corporate finance and fund management industries — has resigned from the investment bank, according…
More than £1 billion of Scotch whisky exports could be at risk for an industry that supports 40,000 jobs if the UK leaves the EU, according to…
Aberdeen-based energy services Wood Group has won two three -year contracts valued at over $140 million to deliver technical services and expertise to an unnamed international oil…
On Saturday May 7, 1966, the Sea-Land freight service called into the Port of Grangemouth for the first time as part of the Europe and American shipping…
Newly independent Clydesdale and Yorkshire Bank (CYBG) said on Thursday it will recognise a pre-tax charge of £44 million in its income statement for the six…
Scottish Building Society announced financial results for the year ended January 31, 2016, showing its savings balances increased 3.1% to £342.1 million and that total assets…
BT said on Thursday its broadband and telephone business Openreach and its EE mobile phone network would between them spend £6 billion to extend superfast broadband…
Aberdeen-based oil and gas services giant Wood Group has been awarded a three year contract extending its work with Shell’s eight UK Continental Shelf offshore assets,…
The Royal Bank of Scotland chairman told the company’s annual general meeting that the EU referendum is “generating additional uncertainty” for the UK economy and that…
Scottish law firm Aberdein Considine said it will merge with Glasgow solicitor estate agent A&S Ireland. The combined businesses, which will trade under the Aberdein Considine brand, will…
Challenger bank Virgin Money said it grew its gross mortgage lending by 30% to a record £2.1 billion in the first quarter of 2016 compared to the same period last year….
Aegon has agreed to acquire BlackRock’s UK defined contribution platform and administration business to strengthen its position in the UK workplace savings market. Aegon said it will acquire £12 billion…
Edinburgh-based Sainsbury’s Bank said its total income rose 5% to £274 million and underlying operating profit increased 4.8% to £65 million in the past year. The bank said it will launch new mortgage…
Edinburgh-based pensions and investment firm Standard Life said it agreed to acquire AXA Portfolio Services Limited — which trades as Elevate — to further strengthen its position as a platform provider…
Edinburgh’s new tram system, which connects the city centre to Edinburgh Airport on the western edge of the Scottish capital, has boosted demand for business…
Glasgow-based Collagen Solutions, a manufacturer of medical grade collagen biomaterials, appointed Jamal Rushdy as chief executive officer to succeed Stewart White, who has moved to the post of chief…
British Airways said it will start new daily flights between Heathrow and Inverness on May 3. It will operate an Airbus A319, with up to 143 seats, on the…
Glasgow-based packaging firm Macfarlane Group has continued its acquisition spree with an agreement to buy the packaging business of Edward McNeil Limited. Macfarlane said the deal was…
Weakness in emerging markets took a toll on Aberdeen Asset Management’s results for the six months to March 31, 2016, with revenue, profit and assets…
The average FTSE 100 firm’s defined benefits pension scheme saw its asset allocation to bonds increase from 56% to 59% in the year to September 30, 2015, according…
The collective deficit of the UK’s private sector defined benefit pension schemes has grown to £294 billion from £262 billion in the past year, with funding levels falling from 83%…
Australian technology entrepreneur Craig Wright has claimed he is the creator of digital currency Bitcoin. If true, the news would end the years of speculation about the indentity…
A NatWest real estate report on “Building Momentum: The Northern Powerhouse” said the economic success of the North of England depends on collaboration, innovation and…
Marketing, media and PR group Beattie said it generated record profits of £590,000 and grew turnover by 17% to £8.6 million in 2015. Now headquartered in London, Beattie has eight offices across…
A Miami seafood company has been sentenced to three years of probation and fined $50,000 for falsely labeling salmon as a “product of Scotland.” The US Attorney’s Office…
Law firm Harper Macleod said it has increased its share of the Scottish legal market as it announced a record performance for its most recent financial year. The…
Royal Bank of Scotland on Friday reported an operating profit of £421 million for the first quarter of 2016 compared with £37 million in the same period of 2015….
Shareholders of Glasgow-based engineering firm Weir Group on Thursday voted down the company’s proposals on directors’ pay packages. Weir shareholders voted 72.4% against two resolutions on directors’…
Royal Bank of Scotland said on Thursday “there is a significant risk” that it will miss the December 31, 2017 deadline for it to sell…
Statistics published by the National Records of Scotland (NRS) show the estimated population of Scotland was a record 5,373,000 in mid-2015, helped by a positive overall…
Glasgow-based engineering firm Weir Group said on Thursday its strong cost reduction measures helped it deliver first quarter profits slightly ahead of expectations, despite a significant reduction in…
What would David Hume say on the subject of whether the UK should remain part of the EU? Well, we’ll never know — but the great Scottish philosopher…
Glasgow-based international mobile power provider Aggreko said its underlying revenue for the first quarter was 14% behind last year — but a hydro power shortage in Tasmania could help…
Dundee-based publisher DC Thomson won three awards at Wednesday night’s newsawards in London. Nominated for three awards at the event, which recognizes the best in news…
Edinburgh-based global energy experts Wood Mackenzie have warned in a new report that there could be a 4.5 million barrels per day shortfall in oil supply…
Aberdeen-based oil and gas services giant Wood Group has won a $500 million five year contract with BP-operated projects to deliver services to eight platforms in…
Royal Bank of Scotland has appointed Mark Bailie as its chief operating officer with “responsibility for operations, payments business, shared services, bankwide simplification and the…
Shares in Greenock-based packaging firm British Polythene Industries (BPI) rose more than 8% after it said it completed the sale of its subsidiary BPI China to Amcor…
Shares of Perth-based international transport group Stagecoach fell 3.6% after it warned in a trading statement that the outlook for the UK rail industry “is more…
Scottish law firm Shepherd and Wedderburn said it acted alongside Allen & Overy on a £6.1 billion securitisation of residential UK mortgages by US investment firm Cerberus…
Former Scottish Council for Development and Industry (SCDI) chief executive Lesley Sawers has been appointed Scotland Commissioner of the Equality and Human Rights Commission (EHRC). Sawers is currently executive chair…
Corporate governnance experts Pensions & Investment Research Consultants (PIRC) have urged shareholders of Royal Bank of Sotland to vote against the remuneration report at the RBS…
Kentucky-based spirits and wine group Brown-Forman Corporation — known for its Jack Daniel’s brand — said it agreed to buy The BenRiach Distillery Company for £285 million….
Aberdeen-based transport giant FirstGroup said its bus division has ordered 305 new vehicles worth £70 million — and that 204 of the buses will be made by…
Glasgow-based Collagen Solutions said it has entered a joint venture agreement with China-based conglomerate Cre8ive. Collagen Solutions’ chief executive said the purpose of the move was…
Scotland’s Highland and Islands Airports Ltd (HIAL) said it handled more passengers than ever in the last financial year. HIAL said it handled 1,437,625 passengers in 2015-16…
Aberdeen-based oil and gas engineering services company Plexus Holdings said it raised $5 million via a discounted issue of 6.76 million shares to Russian equipment manufacturer Gusar. Plexus said…
Shares of Glasgow-based media company STV Group rose about 2% after it said in a trading update that it made a positive start to 2016 and…
Registers of Scotland (RoS) said the volume of residential property sales in Scotland rose 18.2% to 19,802 during the January to March quarter compared to the same period last year….
ScottishPower, a subsidiary of Basque group Iberdrola, has been fined £18 million after an investigation by UK energy market regulator Ofgem into the Scottish firm’s “complaint resolution, call…
Livingston-based photonic technology company Optoscribe — founded in 2010 as a spin out business from Heriot-Watt University — has received £1.2 million in investment. The fundraising was led by…
Cromlix, owned by world number two tennis player Andy Murray, has been named Scotland’s Luxury Hotel of the Year. Cromlix is situated at Kinbuck, near Murray’s…
Strathclyde Partnership for Transport (SPT) said the latest stage of its Glasgow subway modernisation programme will require the suspension of subway services for four weeks from Saturday July…
The Royal Bank of Scotland said its Scottish board chose Scottish novelist and poet Nan Shepherd to feature on its new £5 note when it comes into circulation…
Membership of the Chartered Accountants’ professional body ICAS has reached a new record of more than 21,000. ICAS has seen a 50% growth in members over the last…
A new exhibition at the Scottish National Portrait Gallery from April 23, 2016 to May 28, 2017 tells the story of the wealthy, influential and politically savvy…
Bank of England governor Mark Carney announced that artist J.M.W. Turner and his painting The Fighting Temeraire will appear on the next £20 banknote due to…
Average rents in Scotland’s private rented sector recorded a 2.1% year-on-year growth in the first quarter of 2016 to £767 per month, according to the latest Citylets quarterly…
Aberdeenshire-based craft beer firm BrewDog said its latest crowdfunding effort — a fourth round of “Equity for Punks” aimed at raising £25 million — had closed…
TSB chief executive Paul Pester on Thursday urged the UK Competition & Markets Authority (CMA) to use its “once in a generation” opportunity to help the challenger…
The Scotch Whisky Association has promoted Alan Park to the position of director of legal affairs to succeed Magnus Cormack who is leaving the SWA at the…