Clydesdale and Yorkshire Bank owner CYBG said trading in the three months to December 31, 2016, had been in line with its expectations with deposit balances up…

Shell agreed to sell roughly half of its UK North Sea assets to independent firm Chrysaor for up to $3.8 billion. Chrysaor, backed by Harbour Energy, an…

The Royal Bank of Scotland Group (RBS) said its board decided not to take forward a proposed AGM resolution submitted by ShareSoc and UK Shareholders’ Association…

Shares of Glasgow-based intellectual property law firm Murgitroyd Group fell another 7% on Monday after it said profit before tax fell 30% to £1.48 million in the six months to November 30, 2016. Murgitroyd…

A shortage of properties in the Glasgow area means the number of houses being sold has decreased — but high demand for available properties means they are selling faster…

Hosting the 145th Open golf championship at Royal Troon delivered more than £110 million worth of benefit to Scotland, according to an independent study announced by…

By Mark McSherry Dundee-based investment trust company Alliance Trust plc said it agreed to buy out the 19.75% stake in Alliance held by its biggest shareholder, US activist…

Edinburgh-based Standard Life plc said Paul Matthews, CEO UK & Europe Pensions and Savings will stand down as an executive director and Barry O’Dwyer, currently CEO…

Royal Bank of Scotland Group plc said its full year 2016 results will reflect the taking of a further £3.1 billion provision in relation to investigations…

Glasgow City Council has unveiled plans to transform the area around Byres Road, the centre of the city’s bohemian west end, in a £9 million project. The…

Scotland’s exports to the rest of the UK and to international markets in 2015 — excluding oil and gas — were estimated at £78.6 billion, up…

Johnston Press — owner of The Scotsman, the i newspaper and the Yorkshire Post — said it signed a multi-million pound contract with Associated Newspapers Limited (ANL), owners…

The Scotch Whisky Association (SWA) called for a 2% spirits excise duty cut in the next UK Budget as it revealed new research that showed Scotch…

Glasgow-based Scottish Friendly, Scotland’s largest financial mutual, said it achieved record-breaking sales in 2016 — a 33% rise from £25.5 million in 2015 to £33.9 million in 2016….

Shares of Glasgow-based intellectual property law firm Murgitroyd Group fell about 20% after it said in a trading update that its full year results will fall short of market…

The establishment of a Scottish government-owned energy company and a potential role for renewable energy bonds are just two of the proposals that will make up a…

Aberdeen-based bus and rail giant FirstGroup and Italy’s Trenitalia UK said they will bid together for the East Midlands and West Coast Partnership rail franchises due…

The number of passengers using Lerwick Harbour in Shetland increased by 10% to 184,487 in 2016 thanks to a 67% rise in visitors on cruise ships to a record…

Edinburgh-based fund manager Standard Life Investments said it has strengthened its environmental, social and governance (ESG) investment team with the appointment of Deborah Gilshan as…

The UK Supreme Court has ruled that prime minister Theresa May must get the approval of the UK parliament before she begins the process for…

North Sea exploration firm EnQuest said it agreed to acquire from BP an initial 25% interest in the Magnus oil field for about $85 million — with an option to…

Edinburgh-based Apex Hotels Limited said its turnover rose 7% to £61.3 million and profit before tax soared 132% to £10.3 million in the year to April 30,…

Scottish headquartered law firm Brodies LLP said it appointed three new partners who are “recognised leaders in the fields of infrastructure projects, real estate finance and…

Edinburgh-based fund manager Baillie Gifford & Co. announced it would appoint three new partners on May 1, 2017, taking its total number of partners up to 43. Baillie Gifford employs…

The Brexit vote caused a “dramatic drop off” in recruitment activity across the Scottish financial sector and led to “paralysis” in salaries, according to leading…

Network Rail said Alex Hynes, the current managing director of Arriva Rail North, will be appointed managing director of the ScotRail Alliance. He will replace Phil…

The UK government may cancel the planned sale of Edinburgh-based Green Investment Bank (GIB) to Australian investment firm Macquarie, and could push instead for a £3.8 billion…

Network Rail and Abellio announced that ScotRail Alliance managing director Phil Verster will be moving to become managing director of the planned East West rail project…

Shares of Edinburgh-based FreeAgent Holdings, which provides accounting software for small businesses, rose for a second successive day following the announcement that it won a major contract with…

The Scottish government’s external affairs secretary Fiona Hyslop will visit Japan next month to strengthen economic and cultural ties between the two countries. Hyslop will meet business…

Crab and lobster, landings of which were worth £26.8 million to the Scottish economy in 2015, are to be given additional protection through new conservation…

The Scottish Government has published detailed proposals of a plan to achieve a 66% reduction in Scotland’s greenhouse gas emissions by 2032. Cabinet Secretary for…

Spending by North American visitors to Scotland rose 28% to a record £633 million in the 12 months to the end of September 2016, according to new figures….

Manchester United regained first place in the Deloitte Football Money League, ending the 11-year run of Real Madrid. Deloitte said record revenue of €689 million (about £515 million)…

The UK’s housing stock is now worth a record £6.79 trillion, about 3.65 times the UK’s GDP, according to new analysis published by Savills. London and…

Airdrie Savings Bank (ASB), established in 1835, has told customers and staff it will close down because “as a very small bank, we will not…

Leaders of Unite the union have urged The City of Edinburgh Council to follow the example of Aberdeen City Council which has just completed a successful £370…

Clydesdale and Yorkshire Bank owner CYBG said that 40 branches of Clydesdale Bank and 39 branches of Yorkshire bank will close in 2017 “as part…

Aberdeen-based Faroe Petroleum said it has been awarded four new prospective exploration licences, including two operatorships, on the Norwegian Continental Shelf. Faroe Petroleum CEO Graham Stewart…

Unemployment in Scotland in the September to November quarter was down 12,000 on the same quarter last year, but rose by 11,000 during the period to 139,000, according to UK’s…

Norwegian multinational Statoil said it agreed to divest 25% of its assets in Hywind Scotland pilot park, the world’s first floating wind farm, to Abu…

Shares of Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, rose about 6% after it said in a trading update that it expects to…

The Green Investment Bank Offshore Wind Fund said it exceeded its initial £1 billion target with its sixth UK asset acquisition — a 44% stake in the…

More than 93% of the office space purchased in Edinburgh in 2016 was bought by overseas investors, according to new research from property firm JLL….

UPDATED – Aberdeen Asset Management said in its latest annual report that “taking account of the financial performance in 2016” salaries for its employees earning…

East Kilbride-based Goals Soccer Centres said former chief executive Keith Rogers, an executive director, has stepped down from the company’s board. Current goals CEO Mark Jones said: “On…

The latest Bank of Scotland regional Purchasing Managers’ Index (PMI) showed business activity in Scotland returned to growth in December, with a rebound in job…

Glasgow-based drinks company Edrington — owner of The Macallan, Highland Park and Famous Grouse — has announced a number changes in its executive ranks. Edrington said Bill Farrar, managing…

UPDATED – Shares of Johnston Press, owner of The Scotsman, the i newspaper and the Yorkshire Post, have risen almost 20% this week amid speculation…

The Scottish Government said more than half of all commercial properties in Scotland will pay no business rates in 2017-18. It said that as a result…

The University of Aberdeen said it appointed Aberdeen Asset Management CEO Martin Gilbert as senior governor to lead its governing body, the University Court. The senior governor…

Glasgow-based engineering giant Weir Group said it appointed David Paradis to its group executive as division president of Weir Flow Control, effective January 23. Paradis succeeds John…

Highlands and Islands Airports Ltd (HIAL) said passenger numbers rose 10.6% to a record 1,606,168 travellers at its 11 airports across Scotland in 2016. HIAL is…

The Financial Stability Board (FSB) has published its policy recommendations to address structural vulnerabilities in the global asset management industry. The asset management industry grew to $76.7…

The average selling price of a house in east central Scotland increased by 2% in 2016, compared with 5.6% in 2015, according to the ESPC….

Shares of Glasgow-based sausage skin and collagen products firm Devro rose about 3% after it said its performance had recently improved in China, Russia and South East Asia and…

Scotland’s two largest airports — Edinburgh and Glasgow — had record numbers of passengers in 2016, handling almost 22 million travellers. Edinburgh Airport said it had 12.37 million…

The number of people working in Scottish tourism rose 11% to 217,000 between 2014 and 2015 — representing roughly 9% of Scotland’s total employment, according to…

Former Saatchi & Saatchi chairman Kevin Roberts — who resigned from his role last year after he made controversial comments about gender in the advertising industry in an interview…

Aberdeen-based oil and gas services giant Wood Group said it secured a five year, multi-million dollar framework agreement to continue to provide engineering and project management services…

Edinburgh-based oil and gas company Cairn Energy said it appointed industry veteran Nicoletta Giadrossi as an independent non-executive director and a member of its remuneration committee. Cairn chairman Ian Tyler…

Aberdeen City Council leader Jenny Laing performed the opening ceremony at the London Stock Exchange on Tuesday to mark the local authority’s successful £370 million bond issue….

Edinburgh-based sustainability software and data company Ecometrica has won a contract worth more than £14 million from the UK Space Agency’s recently launched International Partnership…

The UK government said its has now recovered more than £18 billion of the £20.3 billion that taxpayers injected into the Lloyds Banking Group — owner of the Bank…

TH Real Estate said it agreed to acquire the OMNi centre in the east end of Edinburgh city centre from Aviva Investors. The OMNi centre…

New figures from PwC’s Skyval Index show that deficits of UK defined benefit (DB) pension funds stood at £560 billion at the end of 2016, up…

Shares of Glasgow-based retail marketing company SpaceandPeople fell about 25% after it said trading during the key month of December was poorer than expected. In a…

Media group Future plc said it acquired the magazines, domain names, events, radio licence and websites of Classic Rock, Metal Hammer, Prog, Blues and the Golden…

The Institute for Public Policy Research Scotland (IPPR Scotland) has warned that the Scottish skills system needs to be reformed to adapt to an economy…