RBS-NatWest prices $1.6bn in notes
The Royal Bank of Scotland Group plc said on Wednesday it completed the pricing of its $1 billion in 3.073% senior callable fixed-to-fixed reset rate notes…
The Royal Bank of Scotland Group plc said on Wednesday it completed the pricing of its $1 billion in 3.073% senior callable fixed-to-fixed reset rate notes…
RBS-NatWest announced on Tuesday that David Lindberg will join the group as its new CEO, Retail Banking, from Westpac in Australia, where he is currently…
Ovo Energy on Tuesday announced proposals to cut 2,600 jobs across SSE Energy Services and Ovo “largely through voluntary redundancy over the course of 2020.”…
Celtic plc published a stock exchange trading statement on Monday afternoon following the announcement by the Scottish Premier Football League (SPFL) that the club has…
Global company dividends for 2020 could fall as much as 35% — almost $500 billion — according to the worst-case scenario in the latest Janus…
Shares of Glasgow-based Collagen Solutions rose another 15% on Monday after it published an update on its strategic review and formal sale process “and receipt…
Baillie Gifford’s James Anderson, co-manager of the £9 billion Scottish Mortgage Investment Trust, took a swipe at American investment guru Warren Buffett’s “value” investment style…
Baillie Gifford’s flagship fund, the Scottish Mortgage Investment Trust plc, has soared above a record £10 billion stock market valuation this week — with its…
Insolvencies “are probably inevitable” at some Scottish football clubs as a result of the coronavirus pandemic, according to the eighth annual Football Distress Report produced…
Shareholders of Standard Life Aberdeen have revolted against a proposal they feared could have allowed the Edinburgh-based fund management giant to replace annual general meetings…
Glasgow-based packaging firm Macfarlane Group said on Tuesday it expects demand levels in its second quarter to reduce to between 75% and 80% of those…
The UK government’s Coronavirus Job Retention Scheme will remain open until the end of October, Chancellor Rishi Sunak announced on Tuesday. Sunak said the furlough…
Edinburgh-based asset management giant Standard Life Aberdeen said on Tuesday its assets under management and administration at April 30 stood at £490 billion, with estimated…
PNC Financial Services Group announced late on Monday it intends to sell its 22.4% stake in BlackRock, the world’s largest asset manager. BlackRock manages about…
Private sector activity in Scotland fell at an unparalleled rate during April, according to the latest Royal Bank of Scotland Purchasing Managers’ Index (PMI). “Inflows…
Fidelity International CEO Anne Richards has said the UK asset management industry “has an opportunity to help find a solution” to the economic crisis caused…
The Scottish Government said on Friday a fund launched last week to provide grants for small and medium-sized businesses affected by the coronavirus crisis is…
Edinburgh-based fund management giant Baillie Gifford said on Friday its joint senior partner Charles Plowden will retire on April 30, 2021, after almost four decades…
Permanent staff appointments and temporary job placements across Scotland declined at the most marked rates on record in April amid the coronavirus pandemic, according to…
The UK’s central bank said on Thursday the UK could suffer its biggest economic slump for more than 300 years due to the coronavirus lockdown….
The Scotch Whisky Association (SWA) on Thursday called for governments on both sides of the Atlantic to eliminate the tariffs on spirits which are costing…
About one in three of Scotland’s workforce — around 900,000 people — face being furloughed or made unemployed this quarter, according to a new report…
Glasgow-based Virgin Money UK, owner of Clydesdale and Yorkshire banks, said on Wednesday its first-half underlying profit fell 58% amid an impairment charge of £232…
The Scottish Government on Wednesday announced a one-off £75 million increase in funding for Scotland’s universities “to ensure they can protect their world-leading research programmes”…
Scotmid Co-operative said on Tuesday its trading turnover rose £7 million to £385 million for the year ended January 25, 2020, and its trading profit…
The US Department of the Treasury said on Monday it expects to borrow a record $3 trillion in the second quarter of 2020 alone to…
Scotland’s universities warned on Monday they are facing £500 million of losses next year “based on a scenario which sees a 50% drop in international…
Glasgow-based Virgin Money UK, owner of Clydesdale and Yorkshire banks, on Monday announced board changes with insider David Bennett succeeding Jim Pettigrew as chairman and…
Murray Estates said on Friday the first phase of the West Edinburgh “Garden District” development just off the city’s by-pass has been approved by Scottish…
Royal Bank of Scotland Group said on Friday its operating profit before tax fell to £519 million in its first quarter, down from just over…
A £100 million package of additional grant support for small and medium sized businesses (SMEs) in Scotland and for newly self-employed people opens for applications…
Royal Bank of Scotland “will not be moving people out of Scotland” as a result of the recent decision to change its name to NatWest,…
Elgin-based Springfield Properties, which is building a number of new communities throughout Scotland, said in a Covid-19 update on Monday it has agreed an additional…
Glasgow-based global mining, oil and engineering giant Weir Group said on Tuesday its first quarter orders were 13% lower than the prior year “principally reflecting…
Wheatley Group — Scotland’s biggest social landlord — said on Tuesday it has drawn down £72 million of funding from the European Investment Bank (EIB)…
Powerful trade group Oil & Gas UK (OGUK), the representative body for the UK’s offshore oil and gas industry, warned on Tuesday that up to…
Investment trust Greencoat UK Wind plc (UKW) said on Monday it agreed to buy the South Kyle Wind Farm in the south of Scotland from…
Shares of Alva-based Omega Diagnostics Group rose another 60% on Monday after it said in a stock exchange statement it has “CE-Marked Mologic Ltd’s first generation…
Aberdeen-based bus and rail giant FirstGroup plc on Friday provided shareholders with further updates on its response to the Covid-19 pandemic. FirstGroup said its liquidity has…
Edinburgh-based asset management giant Standard Life Aberdeen has pulled out of the next World Economic Forum for the elites of global finance in Davos, Switzerland,…
New research by the University of Strathclyde’s Fraser of Allander Institute has reported that the Scottish Professional Football League (SPFL) contributes £214 million to the…
Glasgow-based sausage skin and collagen firm Devro issued a trading update on Thursday saying its first-quarter 2020 edible collagen volumes increased 2% compared to the prior year…
The UK’s Investment Association (IA) has suspended yield requirements for equity income funds as dividends dry up during the Covid-19 pandemic. The IA said it…
Aberdeen Standard Investments (ASI) said on Wednesday it has launched a new fund “which seeks to harness the significant investment opportunities present within global mid-cap…
The latest State of the Economy report published by the Scottish Government’s chief economist Gary Gillespie estimates that gross domestic product (GDP) in Scotland could…
The leading representative body for the UK’s offshore oil and gas sector has warned that the latest oil price developments “could fundamentally undermine the ability…
Investors withdrew £8.7 billion from UK-domiciled funds in March as the Covid-19 pandemic sparked panic and British funds suffered their largest ever monthly outflows, according…
The Scottish Government’s Constitution Secretary Michael Russell has urged the UK Government to ask the European Union (EU) for the maximum two-year extension to the…
Shares of Alva-based Omega Diagnostics Group rose about 20% on Monday after it said it signed a Material Transfer Agreement (MTA) with Mologic Ltd to…
Edinburgh-based Tesco Bank said on Friday that former UK Treasury official John Kingman will be appointed as its new chairman on July 7, 2020, following…
Standard Life Aberdeen CEO Keith Skeoch said on Thursday that global markets “have passed the point of maximum panic” amid the coronavirus pandemic but have…
Shares of Glasgow-based Collagen Solutions soared about 75% on Thursday after it announced it is in discussions “with a number of parties regarding a potential…
Infrastructure investment specialist Eilidh Mactaggart has been appointed the first CEO of the “mission-based’ Scottish National Investment Bank. The Scottish Government said it has committed…
Aberdeen-based Wood plc, the global engineering and consulting company, said it secured a number of engineering, procurement and construction (EPC) onshore wind contracts in the United…
The Scottish Government said on Wednesday that around £220 million of further grants are being made available for businesses, including the recently self-employed, to help…
Glasgow-based Beeks Financial Cloud Group, a connectivity provider for financial markets trading, said on Wednesday it acquired Velocimetrics Limited, a UK-based “network monitoring and trade analytics…
Shares of embattled Glasgow-based fashion firm Quiz rose about 12% on Wednesday after it said it has reopened its online operations. “Quiz’s own website, quizclothing.co.uk,…
The latest Royal Bank of Scotland purchasing managers’ index (PMI) report shows that business activity across Scotland’s private sector in March declined at the quickest…
The International Monetary Fund said on Tuesday the global economy could shrink by 3% in 2020 — an IMF downgrade of 6.3 percentage points from…
The UK’s Office for Budget Responsibility (OBR) said on Tuesday the British economy could shrink by 35% in the April to June period and unemployment…
Scottish Rugby said on Monday it will discuss a salary reduction programme for higher earning players and staff as it gave more details on how…
Up to £52 billion of UK company dividends could be scrapped in 2020 as London-listed firms cancel payouts to protect cash and avoid criticism amid the…
The UK’s central bank has agreed to temporarily lend the UK government money via its Bank of England overdraft facility if required to help finance…
Cumbernauld-based Irn-Bru maker A.G. Barr said on Wednesday its revenue fell 8.4% to £255.7 million and profit before tax fell 16% to £37.4 million in…
Moody’s Investors Service on Tuesday changed its outlook for Glasgow based engineering giant Weir Group Plc to “negative” from “stable” while affirming the Baa3 rating…
Perth-based energy giant SSE plc said late on Tuesday it successfully launched a €1.1 billion “5 and 10 year dual tranche” Euro bond with €600…
Glasgow-based temporary power giant Aggreko plc said on Tuesday it has moved the venue for its AGM on April 23 from Glasgow to London due…
Global debt across all sectors rose by more than $10 trillion in 2019, topping $255 trillion, according to the latest report from the Institute of…
Shares of Edinburgh funds platform Nucleus Financial Group rose 7% on Tuesday after it said it is too early to estimate the impact of the coronavirus…
The volume of residential property sales in Edinburgh, Lothians, Fife and the Scottish Borders fell 9.2% in the first quarter of 2020, according to the…