Widows competes for jumbo schemes after Zurich deal
Scottish Widows said it has launched an enhanced workplace savings range of products following completion of the first phase of the transfer of Zurich’s UK…
Scottish Widows said it has launched an enhanced workplace savings range of products following completion of the first phase of the transfer of Zurich’s UK…
The new interim managing director of CalMac Ferries has warned passengers that the operator’s “ageing fleet” could cause problems as it prepares for its busiest ever…
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…
AIM-listed chemistry company Cronin Group, which has a research relationship with the University of Glasgow, announced a 2017 loss of of £1.46 million after tax and said…
The University of Strathclyde’s Fraser of Allander Institute (FAI) has warned that the Scottish government’s focus on following a “single, unified approach to the economy”…
Edinburgh-based Frontier IP said its revenue increased 41% to £1.19 million and profit before tax increased 67% to £524,000 in the six months to December 31. Frontier…
Royal Bank of Scotland said on Tuesday it agreed to acquire Edinburgh-based accounting software firm FreeAgent for about £53 million. The offer price of 120p in…
Ellon, Aberdeenshire-based craft brewing firm BrewDog announced it bought Draft House, which has 14 bars across London and the South East of England. Alongside his…
The Scotch Whisky Association (SWA) has set out its priorities for the Scotch industry as a “Brexit transition” agreement is discussed by EU leaders. The…
Forth Ports’ Capital Cruising business, which runs six cruise terminals across the UK including Edinburgh and London, has appointed Chris Alexander to a new role…
The head of the UK government agency in charge of selling the taxpayer’s 70% stake in Royal Bank of Scotland is to quit his job…
Forestry in Scotland is to be fully devolved to the Scottish Parliament for the first time after MSPs backed the Forestry and Land Management (Scotland) Bill….
Edinburgh-based fund management giant Baillie Gifford said it successfully raised gross proceeds of £173 million for the launch of its Baillie Gifford US Growth Trust….
Glasgow-based Beeks Financial Cloud Group, a cloud provider for institutional capital markets, announced its entry into the cryptocurrency market via a collaboration with New York-based…
Forth Ports said it has been given Authorised Economic Operator (AEO) accreditation by Her Majesty’s Revenue and Customs (HMRC) for its major ports on the…
A new report from trade group Oil & Gas UK said that more new North Sea investment is expected in 2018 than the last three…
Virgin Money and Aberdeen Standard Investments announced on Tuesday they agreed in principle to enter into a new strategic joint venture for the provision of asset…
Shares of Aberdeen-based oil and engineering giant Wood Group fell about 5% on Tuesday after it said the company’s 2017 earnings before interest, tax and amortization (EBITA)…
The UK Shareholders’ Association (UKSA) and ShareSoc said Royal Bank of Scotland has confirmed that a resolution on the creation of a shareholder committee will be…
The Scottish government said First Minister Nicola Sturgeon will visit China next month “to promote the growing economic, cultural and educational links between Scotland and…
Royal Bank of Scotland (RBS) is working on “secret plans” to create a standalone digital bank, according to a Sky News report. RBS has assigned…
International law firm Pinsent Masons announced the sale of Cerico, its Glasgow-based online compliance solutions business, to business and financial information firm Dow Jones for…
Standard Life Aberdeen’s head of distribution Campbell Fleming told Money Marketing in a wide-ranging interview that Standard Life Aberdeen is optimistic that it can hold on to the…
Aberdeen Standard Investments and European investment firm 21 Partners on Friday announced the establishment of a new UK based 50:50 joint venture (JV) – 21…
The first ever direct flights from Scotland to China will begin on June 12 following the announcement in Beijing that Hainan Airlines will deliver the…
Sanjeev Gupta’s GFG Alliance, which has already invested more than £500 million in Scotland’s metals and green energy sectors, said it is now investigating plans to…
Prudential plc announced its intention to demerge its UK & Europe business M&G Prudential from Prudential plc, resulting in two separately-listed companies “with different investment…
The Scottish government said overseas Scottish food and drink exports — led by Scotch Whisky — were worth approximately £6 billion in 2017, an increase…
East Kilbride-based Goals Soccer Centres said on Tuesday that “unlocking the potential inherent value” within its UK estate will be the number one priority for incoming…
The North Sea operations of Edinburgh-based oil and gas company Cairn Energy helped it give an optimistic outlook amid its 2017 results on Tuesday. Cairn…
Equity crowdfunding platform Crowdcube has joined forces with Scottish law firm Harper Macleod to target “the huge potential for growth” in Scotland. The two organisations…
Lerwick Harbour in Shetland is set for a record year of cruise liner visitors. Over the next eight months, the Shetland port said it is…
The procurement process for a £25 million project to address mobile “notspots” in remote parts of Scotland has been announced. The Scottish 4G Infill Programme…
The average selling price of properties in some of Edinburgh’s most popular areas has increased by up to 35% over the last five years, according…
Incomes from commercial farms in Scotland increased by around 94% in 2016-17 — but this rise simply reversed an alarming decline in the previous year. According…
Shares of Glasgow-based Aggreko, the world’s largest temporary power firm, fell about 4% after it said its 2017 revenue before exceptional items rose 4% to of…
Aberdeen-based drilling and engineering contractor KCA Deutag (KCAD) said it agreed with the shareholders of Dalma Energy LLC to combine their respective businesses through the…
North Sea oil and gas production over the period 2016–2050 is now projected to total 11.7 billion barrels of oil equivalent (boe) — 2.8 billion…
Glasgow-based media firm STV Group plc said it will increase its dividend despite reporting that 2017 revenue fell 3% to £117 million and statutory pre tax profit fell…
Glasgow-based sausage skin and collagen products firm Devro plc said statutory revenue rose 6.6% to £256.9 million in 2017 and statutory profit before tax was £21.6 million, up from £6.2…
Shares of Edinburgh and Newcastle-based Virgin Money rose almost 6% after it said its underlying profit before tax increased 28% to £273.3 million in 2017 and total income…
Standard Life Aberdeen on Friday confirmed the sale of its “capital-intensive” insurance business to Phoenix Group for a total consideration of £3.24 billion including £2.28 billion in cash and…
Royal Bank of Scotland on Friday announced its first bottom line profit for 10 years — but said the timing of its crucial multibillion pound settlement with…
British insurer Phoenix Group Holdings is in advanced talks to buy Standard Life Aberdeen Plc’s insurance business for about £3 billion and a deal could…
Brian Souter, president of accountancy body ICAS, has called on the UK Government to review its arrangements for workplace pensions to “ensure a better deal…
Glasgow-based packaging firm Macfarlane Group said its sales rose 9% to £196 million and profit before tax jumped 19% to £9.3 million in 2017. Macfarlane is…
Glasgow-based private equity firm Maven Capital Partners and Hong Kong-based IP Investment Management have continued their move into the UK student housing sector with the construction…
ScottishPower, a subsidiary of Basque group Iberdrola, reported a big drop in earnings at its generation and supply business in 2017 — but a surge in…
Shares of Aberdeen-based global bus and rail giant FirstGroup fell more than 11% after it said in a trading update that its Greyhound long-haul business in the US…
The Association of Scottish Visitor Attractions (ASVA) announced that visits to its member sites rose dramatically in 2017, the fourth year running that an increase…
A major new report has set out recommendations on economic development, education and employment to ensure that Scotland “reaps the rewards of the digital and…
The UK Government’s Treasury Select Committee on Tuesday published the final, unredacted skilled persons’ report into the treatment of small business customers by Royal Bank of Scotland’s…
MSPs at Holyrood have supported the introduction of a new income tax system for Scotland. MSPs passed the proposals — part of a budget deal…
Edinburgh-based fund management giant Baillie Gifford announced its intention to raise £250 million through the launch of a new investment trust company, the Baillie Gifford…
Glasgow-based Smart Metering Systems (SMS) announced it has signed a new meter rental agreement with Utilita Energy “to provide an opportunity for over 100,000 new…
Grant Thornton’s Scotland Limited report for 2017 shows that Scotland’s largest 100 private limited companies made a combined turnover of £21.4 billion, made combined pre-tax profits of…
Celtic plc said its revenue increased 16.8% to £71.5 million and profit before tax edged higher to £19.5 million in the six months to December…
East Kilbride-based Goals Soccer Centres said it appointed Andrew Anson as its chief executive with effect from April 23, 2018. Anson has held senior roles at The Walt…
UK Transport Secretary Chris Grayling said on Monday the Stagecoach-led Virgin Trains East Coast rail franchise is facing an “urgent” cash crisis and will be able to…
Virgin Hotels, the luxury lifestyle hotel brand by Virgin Group founder Richard Branson, has announced plans to open a hotel in Edinburgh. Expected to open…
Johnston Press — the embattled owner of The Scotsman, the i newspaper and about 200 local newspapers and websites — said in a trading update that…
Aberdeen Standard Investments announced the launch of the UK Equity Impact – Employment Opportunities Fund in collaboration with Big Issue Invest, the social investment arm…
Scottish Renewables said that new UK Government statistics show turnover from renewable energy activity in Scotland was £5.4 billion in 2016. Individual sectors are showing…
Cumbernauld-based Irn-Bru maker A.G. Barr said it expects its revenue for the 52 weeks ended January 27, 2018, to be up 7.5% to £277 million amid…
BP has announced two new exploration discoveries in the North Sea that it said will help it double its production to 200,000 barrels a day by…
A consortium led by Blackstone announced that private equity funds managed by Blackstone – together with Canada Pension Plan Investment Board (CPPIB) and Singapore’s GIC…
The UK’s Financial Conduct Authority said on Tuesday it will publish in full a report it commissioned on how a controversial unit of Royal Bank of…
Clydesdale and Yorkshire Bank owner CYBG said it saw strong mortgage growth of 7.4% to £23.9 billion in the three months to December 31, 2017 — but…
Local authority watchdog the Accounts Commission has said Clackmannanshire Council “must take urgent and decisive action to sort out its financial problems.” In a new…
A plan to reform the Scottish Crown Estate and give local communities more control over its assets have been introduced to the Scottish Parliament. The…