RBS makes profit for third quarter in row
Royal Bank of Scotland on Friday reported a profit before tax of £871 million and an attributable profit of £392 million for the third quarter…
Royal Bank of Scotland on Friday reported a profit before tax of £871 million and an attributable profit of £392 million for the third quarter…
Audit Scotland’s annual review of the NHS said the health budget was £12.9 billion in 2016-17 — 43 per cent of the total Scottish Government budget…
The Scottish Government said growth in Scotland’s population will slow significantly if levels of EU migration are reduced. New figures from the National Records of…
The UK Government’s Scottish Secretary David Mundell confirmed in the House of Commons that the new Scottish Business Taskforce of economic and business leaders will meet…
Royal Bank of Scotland Group (RBS) said it agreed to sell its shareholding in Euroclear plc — Europe’s biggest settlement house for securities — to…
The CEO of Edinburgh and Newcastle-based Virgin Money, Jayne-Anne Gadhia, has supported calls for a “ministerial board” that champions the economic benefits of gender diversity….
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…
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…
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…
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…
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…
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…
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…
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…
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…
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 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…
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…
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…
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…
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…
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 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…
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….
Glasgow-based packaging firm Macfarlane Group said it conditionally agreed to acquire the packaging business and selected assets of Nottingham-based Greenwoods Stock Boxes Limited and 100% of its…
ScotRail commuters riding between Edinburgh and Glasgow are set to trial “the fastest in-train wi-fi service in the world.” ScotRail is collaborating with Cisco, CGI,…
The UK’s Financial Conduct Authority (FCA) has rejected calls to publish a report into allegations that Royal Bank of Scotland’s Global Restructuring Group (GRG) bankrupted…
A South of Scotland Economic Partnership will be in place by end of year, the Scottish Government said. The South of Scotland Economic Partnership will…
The UK’s Competition and Markets Authority (CMA) said it has accepted proposals to resolve competition concerns regarding the £2.2 billion purchase of Amec Foster Wheeler by Aberdeen-based…
August’s purchasing managers’ index (PMI) survey from Bank of Scotland indicated a moderate increase in Scottish private sector output. Growth softened following the 33-month high recorded…
The latest IHS Markit report on jobs data for Scotland signalled a further improvement in labour market conditions in August. Recruitment consultancies reported sharp increases…
The health of small and medium-sized enterprises (SMEs) in the UK has risen to its highest level in 18 months, according to the SME Health…
Standard Life’s financial planning business 1825 announced changes to its senior leadership team “as the business enters the next stage of its growth.” Steve Murray will…
Almost $6 billion worth of mergers and acquisition deals have taken place in the UK oil and gas sector in the first half of the…
Scottish immunotherapy company TC BioPharm (TCB) said it signed an agreement to work alongside clinical academics at University College London (UCL). The agreement will see…
Deloitte and the University of Strathclyde’s Fraser of Allander Institute said they have agreed a partnership “to provide businesses with enhanced insights into the Scottish…
Celtic said its chief executive Peter Lawwell has been voted on to the influential executive board of the European Club Association’s 19th General Assembly in…
Tesco Bank CEO Benny Higgins has been appointed by the Scottish Government to create a new Scottish National Investment Bank. Higgins, a colourful character who was…
Scotland has been voted the most beautiful country in the world by readers of Rough Guides. Canada was second, New Zealand was third, Italy was…
Following its sale of a £370 million bond, Aberdeen City Council said it has recruited three markets specialists with extensive experience to form the council’s…
First Minister Nicola Sturgeon on Thursday revealed plans for a 70% increase in Scottish Government funding for businesses to conduct new research and development (R&D)…
Edinburgh-based Menzies Distribution said it acquired London-based Gnewt Cargo, the all-electric delivery firm, for an undisclosed sum. Gnewt, founded in 2008, provides final-mile delivery services…
Total said it has started production from the Edradour & Glenlivet gas and condensate fields located in about 300 to 435 metres of water in…
Aberdeenshire-based craft beer company BrewDog announced that it will in future give away 20% of its profits every year via a “Unicorn Fund.” The Ellon-based…
Forth Ports Limited and AF Offshore Decom announced the signing of a heads of agreement with the intent to establish a new joint venture called…
More people than ever attended shows at the Edinburgh Festival Fringe this year. By Monday afternoon, with hundreds of performances still to take place, an…
The Scottish Government said the number of NHS staff in Scotland is expected to increase by more than 1,400 whole time posts in the 2017-18…
Shares of North Sea-focused oil producer EnQuest fell for a second day following its update on Wednesday that cut its full-year production forecast amid a slower…
Glasgow-based packaging firm Macfarlane Group said its first-half sales rose 10% to £89.8 million and profit before tax soared 27% to £2.5 million as recent acquisitions boosted…
First Minister of Scotland Nicola Sturgeon and First Minister of Wales Carwyn Jones on Tuesday agreed to work together on potential amendments to the UK…
France’s Total is to buy Maersk’s oil and gas business in a roughly $7.45 billion deal which Total said would boost its North Sea operations and…
Virgin Trains said it has witnessed an “historic shift” in travel patterns as more Scotland-London passengers “choose train over plane than at any time in…