Royal Bank of Scotland said it will make a £3.6 billion provision to cover pension payments, litigation over mortgage-backed securities and issues connected to payment protection insurance (PPI). RBS also unveiled…
Former UK Treasury Minister Danny Alexander is being tipped to take up a senior role at the new Beijing-based Asian Infrastructure Investment Bank — viewed by many…
Scotland’s financial services industry needs to actively recruit more women from international markets to improve its gender diversity, according to a prominent recruitment firm. In its 2016…
Bank of England deputy governor Andrew Bailey has been appointed the new chief executive of the Financial Conduct Authority (FCA), the UK’s top financial markets regulator. Bailey (pictured)…
Rural affairs secretary Richard Lochhead said staying in the EU is ‘absolutely crucial’ for farming as new statistics show total income from farming in Scotland declined in…
Shares in Aberdeen-based oil and gas engineering firm Plexus Holdings fell more than 40% on Monday morning after it said a slowdown in planned activity by its customers…
Productivity growth in Scotland significantly outperformed the UK between 2007 and 2014 as Scottish output continued to catch up with UK levels, the Scottish Government said. Output…
Edinburgh has overtaken Aberdeen as the most expensive Scottish city in which to rent a property, with the capital’s average monthly let rising 5.7% over the…
A £209 million EU funding programme to strengthen cross-border business links — in sectors like conservation — between western Scotland, Northern Ireland and the border…
The number of domestic tourist visits to Scotland from within Great Britain rose 9% to about 12.9 million in the year to the end of September,…
The UK’s Financial Reporting Council (FRC) said on Thursday that preliminary enquiries under a “disciplinary scheme” will be made into KPMG’s work as auditors of HBOS just before the bank’s collapse….
The deficits of Scottish company pensions “remain stubbornly persistent at around £4.2 billion” according to the latest Hymans Robertson’s annual Scottish Pension Index report. Deficits have…
Perth-base transport giant Stagecoach Group said digital entrepreneur James Bilefield will join the company as a non-executive director from February 1.“James has an international track record of successfully…
The UK’s Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) on Wednesday launched their New Bank Start-up Unit aimed at encouraging new “challenger banks” to…
Latest figures show the highest employment level for Scotland since records began in 1992, taking the number of Scots in work to 2,631,000, according to…
Scotland’s environment minister Aileen McLeod has unveiled new measures from April 1 to regulate the killing of wild salmon in Scotland in order to protect stocks. Among the…
The University of Glasgow sustains more than £1.5 billion of output in Scotland, according to a survey commissioned by the University. The economic report showed that…
The 2015 Open Golf Championship at St Andrews brought £140 million of economic benefit to Scotland, according to an independent economic impact assessment commissioned by the R&A. The £140…
Perth-based transport giant Stagecoach Group has appointed Tim Shoveller (pictured) as managing director of the group’s UK rail division. The division includes South West Trains, East Midlands Trains,…
National Australia Bank (NAB) on Monday announced a proposed, wide price range of between £1.75 and £2.35 per share for the initial public offering (IPO) of its…
The average selling price of a house in Edinburgh increased by 7.1% in the last quarter of 2015 compared to the same period of 2014,…
Royal Bank of Scotland said it has committed £1 billion of capital to build up its involvement in the purpose-built private rented sector (PRS) housing industry…
Nearly two thirds of Scottish construction businesses are still reporting difficulties in recruitment because of a continued shortage of skilled workers. The Scottish Chambers of Commerce…
Dundee-based investment trust company Alliance Trust said it appointed veteran Scottish financier and businessman Robert Smith, Lord Smith of Kelvin, as its new chairman. Alliance Trust,…
Scotland’s economy continued to expand in the third quarter of last year — just — but lagged behind the growth rate of the UK, according to…
Outspoken Australian economist Stephen Koukoulas — known as The Kouk — has challenged Royal Bank of Scotland (RBS) markets expert Andrew Roberts to a bet of A$10,000 to prove Roberts was wrong when…
Edinburgh-based aviation logistics and news distribution company John Menzies said on Wednesday its chief executive Jeremy Stafford had resigned for personal reasons after 15 months in the job. Menzies…
Edinburgh-based global fund manager Standard Life Investments said its longer-term outlook on China “has become increasingly negative” and that it fears China might not carry out corporate…
Oil and gas giant BP is to cut its North Sea workforce by 20% by 2017 — about 600 jobs — as part of a global…
Hamburg-based hedge fund Aquila Capital has bought 3,100 hectares of forest — about 12 square miles — in three locations in Scotland for its institutional investors….
Chief financial officer Peter Bole (pictured) is to leave Edinburgh-based Tesco Bank to do the same job at cross-town rival Virgin Money — and pick up a…
Economists at Royal Bank of Scotland have warned clients in a note to “sell everything except high quality bonds” and that stocks could fall by…
Edinburgh-based travel search firm Skyscanner has announced five new partners who will invest £128 million ($192 million) between them for an undisclosed share in the company….
A 19% year-on-year rise in international passengers in December helped Edinburgh Airport enjoy its busiest year ever in 2015 with more than 11 million passengers. Edinburgh Airport…
Edinburgh-based fund manager Standard Life Investments said on Monday it will be a “principal partner” for the British & Irish Lions rugby tour to New Zealand…
Wind power in Scotland had a record year in 2015, generating enough power to supply the electrical needs of 97% of Scottish households, according to WWF…
A suspected case of avian influenza has been identified in chickens on a farm in Dunfermline, Fife, the Scottish Government said. The chickens will be…
Aberdeen Asset Management has bought Liverpool’s Albert Dock development – a UNESCO world heritage site that is home to the Tate Liverpool and The Beatles Story — on behalf of…
Edinburgh-based Standard Life Investments, a major shareholder in Royal Dutch Shell, said on Friday it would vote against Shell’s $50 billion bid to buy BG Group. David…
The storms of December and January have already caused up to £700 million of damage to the Scottish economy, according to insurance experts at consultants PwC….
Aberdeen-based energy services giant Wood Group has won a new contract with PetroRio to deliver services to the Polvo A platform in the southern Campos basin, about 100…
David Cameron’s announcement that UK ministers will be allowed to campaign for either side in the EU referendum is “deeply worrying and could potentially move…
The University of Glasgow has commissioned international architecture and design firm HOK and engineering consultants WSP Parsons Brinckerhoff to develop a new £40 million research hub dedicated to…
Stock markets fell around the world on Monday following a rout in Chinese shares after weak manufacturing data in the world’s second-largest economy sparked fears of…
Virgin Trains said its service between Glasgow and Carlisle has been suspended due to viaduct damage caused by Storm Frank and will not reopen until February…
Oil & Gas UK chief executive Deirdre Michie (pictured) has welcomed the first rise in UK oil and gas production for more than 15 years —…
Shares of Edinburgh-based oil and gas company Cairn Energy rose at least 4% after it announced the successful testing of its SNE-2 offshore appraisal well near…
The Scottish Government said around £690 million will be invested in housing in 2016-17 as part of a £3 billion plan to deliver 50,000 affordable homes…
A poll carried out for the Scotch Whisky Association (SWA) shows that 92% of Scots consider the 76% tax levied on a bottle of Scotch to be unfair….
Shares of Glasgow-based travel firm Minoan Group rose about 8% after it said the presidential decree required for a joint venture resort it is planning on the Greek…
Edinburgh-based security camera company IndigoVision said its sales were lower than it expected in the second half of this year, mainly due to the delay of a project…
Sixty-nine merger and acquisition (M&A) deals worth $10 billion or more this year have helped propel global M&A volume to a record $5.03 trillion, according…
Scotland’s female employment rate is the second best of all 28 European Union countries, according to Eurostat figures covering July 2014 to June 2015. “Earlier this year I…
The Road Haulage Association (RHA) said the ban on heavy lorries using the Forth Road Bridge until February will cost the industry at least £40 million. The bridge…
Renewable energy is now the biggest contributor to electricity generation in Scotland and has reached a record 38% of total output — higher than nuclear (33%) and fossil fuels (28%) for…
Three of the top jobs in Edinburgh transport have been filled — two of them by former military men — as the capital city’s integrated bus-and-tram transport leaders seek…
The Forth Road Bridge will be reopened to all vehicles except HGVs from 6am Wednesday morning. Operating company Amey confirmed that temporary repairs had been…
Polly Purvis, chief executive of digital technologies trade body ScotlandIS, has been appointed the first chair of CodeClan, Scotland’s first digital skills academy. CodeClan opened in September…
ScotRail has announced a £475 million train improvement programme it said will deliver new trains, thousands of extra seats, at-seat power points and better wifi. When the seven-year programme…
Greenock-based British Polythene Industries (BPI) said on Monday it is on course to meet its expectations for 2015 despited a rise in raw material costs. “Trading remains…