GDP could fall 33% as Universal Credit claims soar
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…
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Scots home sales up slightly to £18.7bn in 2019
Scotland’s residential property sales totalled just under £18.7 billion in 2019 — up £550 million on 2018 — helped by a late surge in sales…
Springfield Properties revenue up 36% to £191m
Shares of Springfield Properties, which is building a number of new towns and villages throughout Scotland, rose about 5% on Tuesday after it said its revenue…
Hibs sold by Farmer to US businessman Ron Gordon
Hibernian FC announced on Tuesday that the majority shareholding in the club has passed from HFC Holdings Limited – owned by Tom Farmer and Rod…
Scots residential property sales top £18bn
The value of Scottish residential property sales in the financial year 2018-19 rose 1.6% to £18.2 billion, according to latest statistics from Registers of Scotland’s Property…
Scots home mover market stagnates
The number of people moving home in Scotland has returned to levels last seen in 2016 following a brief growth spell last year, with only…
Scots housing market tops £161bn in last 10 years
The sixth annual Registers of Scotland’s Property Market Report shows that the total value of the residential sales market in Scotland from 2007-08 to 2017-18…
Royal London new business up 38% to £12bn
Royal London said its new life and pensions business soared 38% to £12 billion and funds under management rose 14% to £114 billion in 2017. The mutual…
RBS pays $125m in California MBS settlement
California Attorney General Xavier Becerra announced a $125 million settlement with the Royal Bank of Scotland (RBS) over misrepresentations about residential mortgage-backed securities sold to California’s…
Dunfermline ‘has highest house price growth’
Dunfermline has seen the highest house price growth in Scotland on a per square metre basis over the past five years — a roughly 20%…
Scots home buyers borrowed £1.8bn in first quarter
Home buyers in Scotland borrowed £1.8 billion for house purchases in the first quarter of 2017, down 15% on the previous quarter but up 5% on the…
BNY Mellon on Aberdeen Council £370m bond
BNY Mellon said it has been appointed as trustee and paying agent on Aberdeen City Council’s £370 million bond issue — the largest ever bond issued by a…
UK to sell Lloyds stock to institutions – not public
UK finance minister Philip Hammond said the British government will withdraw a planned retail sale of cut-price shares in Lloyds Banking Group to the general public due…
Shepherd and Wedderburn on £99.3bn of deals
Scottish law firm Shepherd and Wedderburn said its banking and finance practice — the largest in Scotland — reported its busiest ever 12 months and worked on deals worth…
Average house price falls 2.3% to £164k
The volume of residential property sales in Scotland rose 4.9% in the April-June quarter compared to the same period last year — but the average price…
Scots house sales total £148bn in 10 years
The value of residential house sales in Scotland from 2006 to 2016 was £148.2 billion, according to a new report published by Registers of Scotland (RoS)….
Shepherd and Wedderburn on £6.1bn bond deal
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…
House sale volume up 18.2% – prices fall 8.4%
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….
Residential property sales reach £16.5bn
The value of residential property sales in Scotland rose 8.2% to more than £16.5 billion in 2015, according to Registers of Scotland (RoS). A total…