FCA mulls further action on RBS restructuring unit
The UK’s Financial Conduct Authority (FCA) has published its interim report into the treatment of small businesses by Royal Bank of Scotland’s Global Restructuring Group…
The UK’s Financial Conduct Authority (FCA) has published its interim report into the treatment of small businesses by Royal Bank of Scotland’s Global Restructuring Group…
Economy Secretary Keith Brown announced the planned creation of 43 new jobs by Glasgow-based BioClavis as part of a £10.5 million investment supported by Scottish…
The Scottish government said the £428 million Digital Scotland Superfast Broadband (DSSB) scheme is on track to meet its target of 95% coverage by the…
Work to establish a Scottish National Investment Bank has started with the launch by First Minister Nicola Sturgeon of a public consultation on the details…
More than £209 million of public money was spent on Scotland’s ferry services and assets in 2016-17, an increase of 115% since 2007-08, according to new…
Aberdeen-based oil and gas engineering services company Plexus Holdings announced the sale of its wellhead exploration equipment and services business for Jack-Up applications to FMC…
Standard Life’s financial planning business 1825 said it agreed to acquire Bristol-based Fraser Heath Financial Management, which has assets under advice of £352 million. After…
Hywind Scotland, the first floating wind farm in the world, has started to deliver electricity to the Scottish grid. First Minister Nicola Sturgeon officially opened…
Gemini Therapeutics — co-founded by two University of Edinburgh scientists — announced it completed a $42.5 million Series A financing round “to advance multiple programs into…
Scotland’s unemployment rate rose 0.3% to 4.1% in the June to August quarter — but is still below the UK rate of 4.3%. The number of…
The huge New Waverley Edinburgh office development — located between the Royal Mile and Calton Road in the Scottish capital’s Old Town — has been sold…
Shares of Newcastle and Edinburgh-based challenger bank Virgin Money rose about 5% after it gave investors a positive trading update and outlook for rest of…
Shares of Alva-based Omega Diagnostics Group rose about 6% after it said it signed a supply agreement with an unnamed US-based company offering laboratory testing services “specialising…
Elgin-based housebuilder Springfield Properties said its shares started trading on London’s secondary AIM market. Springfield said its IPO raised £25 million before costs and expenses…
Scottish Widows’ owner Lloyds Banking Group (LBG) is “believed to be in advanced talks” with Standard Life Aberdeen to buy Standard Life’s corporate pensions business…
Dundee-based media and publishing giant DC Thomson said it will partner with Edinburgh-based Electronic Research Interchange (ERIC) “to develop its bespoke investment research offering for…
BAM Properties and Hermes Investment Management announced they will develop what is currently Edinburgh’s largest speculative office development. Capital Square, designed by architects Hurd Rolland,…
First Minister Nicola Sturgeon has revealed she will host Scotland’s first-ever Arctic Circle Forum in Edinburgh in November. She made the announcement in Reykjavik, Iceland, at the…
Exports of goods from Scotland increased 21% to £27.1 billion in the year to the end of June, according to new statistics from HMRC. The…
The Scottish Government said there was an 11% increase in trips to Scotland by international travelers in the 12 months to the end of June 2017…
Scottish Widows owner Lloyds Banking Group (LBG) and Zurich announced a strategic deal under which LBG will acquire Zurich’s UK workplace pensions and savings business…
East Kilbride-based Goals Soccer Centres said its CEO Mark Jones “notified the board of his intention to resign from the board and the company as he has…
Sales of Scotch Whisky in the UK have fallen by one million bottles after UK finance minister Philip Hammond hiked spirits tax in his March…
Aberdeen-based energy and engineering services giant Wood Group said it was awarded a new multi-million dollar contract by Total to support its Lindsey Oil Refinery located…
Glasgow-based fashion firm Quiz said in a trading update it enjoyed a 35% increase in group revenue to £56.1 million in the six month period to…
First Minister Nicola Sturgeon told the SNP conference that Scotland will set up a publicly-owned, not-for-profit energy company by 2021 to increase competition and choice…
The Scottish Government said spending on childcare will double to £840 million a year by 2021-2022 in a bid to “transform the life chances of…
Investment bankers are preparing for the UK government to sell a stake in Royal Bank of Scotland worth about £3 billion after RBS has cleared…
Sanjeev Gupta’s metals and industrials business Liberty House Group said it took another step towards its ambition of rejuvenating bicycle manufacturing in the UK by…
Statoil and its partners have made an oil discovery in the outer Moray Firth on the UK Continental Shelf of between 25 million and 130 million barrels…
September’s Bank of Scotland PMI survey signalled a modest expansion in Scottish private sector output, with the rate of growth unchanged from that seen in August….
Aberdeen-based oil and gas services company Wood Group said it completed the roughly £2.2 billion acquisition of rival firm Amec Foster Wheeler to create one of the…
Drinks giant Diageo said Port Ellen on Islay and Brora in Sutherland, two of the most revered “lost” distilleries, are to be brought back to…
RBS chairman Howard Davies warned in an interview with Sky News there is now a “very, very, very tight” time frame for UK ministers to…
Scottish shortbread makers, confectioners and bakeries are suffering because the price of wholesale butter has doubled since the start of the year — with wholesale…
Scottish regional airport operator Highlands and Islands Airports Limited (HIAL) said Lorna Jack, chief executive of the Law Society of Scotland, will become its interim…
Shares of Standard Life Aberdeen edged lower for a second day following its announcement that it plans a subordinated debt offering that “will be used for…
Edinburgh-based Tesco Bank said its profit before tax rose 143.9% to £112.2 million in the six months ended August 31, “reflecting the impact of payment protection…
Scotland’s 2017 cereal harvest is expected to rise 12% on 2016, almost fully recovering from last year’s poor results, the Scottish Government said. Despite “less…
Scotland’s GDP grew by 0.1% in the second quarter of 2017, increasing by a total of 0.7% since the start of the year, according to…
The Scottish Government announced that it “will not support the development of unconventional oil and gas in Scotland” — meaning there is an “effective ban”…
Glasgow-based packaging firm Macfarlane Group said it appointed Stuart Paterson as its new chairman effective September 29, 2017. Paterson, who succeeds Graeme Bissett, is scheduled to…
Edinburgh-based upmarket home builder Cala Group said its revenue rose 27% to £747.9 million and profit before tax increased 14% to £68.5 million in the year…
Scotmid Co-operative said it made a £2 million trading profit for the 26 weeks ended July 29, in-line with the equivalent period last year, with turnover…
Shares of Glasgow-based cloud computing firm iomart rose about 5% on Friday after it announced a strong trading statement for the six months ending September…
Celtic Football Club said planning permission in principle has been granted for its £18 million proposals to create a hotel, museum, and retail and ticket…
Scotland’s Auditor General has found that the Scottish Government produced a sound financial report for 2016-17 and managed its budget effectively — but she underlined…
The value of fish landed by Scottish registered vessels in 2016 increased by 25% in real terms, according to the latest statistics published by the…
The Scottish Government said on Thursday that Scotland is on track for a record year of renewable electricity generation, with output in the first half…
Former Scottish National Party MP George Kerevan has said he will run for the chairmanship of the Financial Conduct Authority, the UK’s financial regulator, vowing…
Perth-based energy giant SSE said on Wednesday it continues to expect that its total adjusted operating profit for 2017-18 as a whole will be impacted by…
Kirkcaldy-based shopfitter and interiors firm Havelock Europa said CEO David Ritchie resigned with immediate effect “to pursue other business interests” as it announced it made…
Unite, the union representing staff across Lloyds Banking Group, has described as a “betrayal” a decision by the financial group to outsource around 1,000 Scottish…
Cumbernauld-based Irn-Bru maker A.G. Barr said its revenue grew 8.8% to £136.6 million in the six months ended July 29, but profit before tax slid to £19.4…
New exploration in the North Sea will be supported by a £5 million UK government fund for 2018-19, Chancellor Philip Hammond announced during a visit…
ESM Investments is to launch a specialist £25 million fund in 2018 to fuel further growth in Scots-based technology. The company aims to attract high…
The current draft of the UK government’s EU Withdrawal Bill is “a direct threat to the devolution settlement which the people of Scotland overwhelmingly voted…
Ratings agency Moody’s Investors Service has downgraded the credit rating of the UK, saying Brexit will weigh on the UK economy and that the UK government’s…
Scotland’s booming fruit, vegetable and horticultural industry is already suffering from a shortage of migrant labour amid ongoing Brexit uncertainty, NFU Scotland has warned. NFU Scotland…
The Outline Business Case (OBC) for extending Edinburgh’s trams to Newhaven via Leith Walk has been approved by the City of Edinburgh Council. The OBC…
Co-op Group said revenue fell slightly to £4.6 billion in the 26 weeks ended July 1 compared to £4.7 billion at the same stage last year “as…
Celtic plc said its revenue increased 74.2% to £90.6 million in the year ended June 30 and profit before tax soared to £6.9 million from £500,000 a…
Uncertainty over Brexit continues to loom over Scotland’s economic recovery, according to the Fraser of Allander Institute (FAI). In its latest economic commentary the University…
A service to support more companies in Scotland with the potential to reach turnover of more than £100 million has been launched by Scottish Enterprise….
The University of Edinburgh’s publishing subsidiary reported a record year of sales in its latest financial results. The growth at Edinburgh University Press was driven…
The governments of Scotland and Wales said on Tuesday they jointly published amendments to the European Union (Withdrawal Bill) “to prevent the UK Government taking control…
Glasgow-based Arnold Clark Automobiles, Scotland’s biggest privately-owned company, said its 2016 turnover rose 9.2% to a record £3.66 billion and operating profit rose £14.1 million to…
The UK’s Financial Reporting Council (FRC) — which regulates auditors, accountants and actuaries — announced the closure of its investigation into the conduct of KPMG’s audit…
The European Commission said it approved under EU State aid rules the alternative package proposed by UK authorities to replace the commitment for Royal Bank…
First Minister Nicola Sturgeon announced on Monday that Scotland’s new social security agency will be headquartered in Dundee, bringing hundreds of jobs to the city….