Edinburgh-based Tesco Bank said its profit before tax rose 143.9% to £112.2 million in the six months ended August 31, “reflecting the impact of payment protection…

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…

UPDATE 1 — Edinburgh and Newcastle-based challenger bank Virgin Money Holdings on Tuesday announced changes to its board and said underlying profit before tax rose 26%…

The Ivy Collection, the group behind the world-famous Ivy restaurant in London’s Covent Garden — will open its first restaurant in Scotland this autumn in…

Tesco Bank chief executive Benny Higgins is to succeed Ben Thomson as the new chair of the National Galleries of Scotland (NGS) board. The appointment is…

Mining and commodities trading multinational Glencore said it appointed Aberdeen Asset Management CEO Martin Gilbert as an independent non-executive director of Glencore with immediate effect. Aberdeen Asset Management is…

UPDATE 2 — Aberdeen Asset Management said its revenue increased to 10.6% to £534.9 million and underlying profit before tax increased 19.8% to £195.2 million in the six…

Aberdeen Asset Management CEO Martin Gilbert said in an interview on Friday he will focus on external affairs after his company merges with Edinburgh-based Standard Life to create the UK’s largest…

Rupert Murdoch’s 21st Century Fox said it reached an agreement with Sky plc to buy the 61% of the British pay-TV firm it doesn’t already own for £10.75 a share — or roughly £11.7…

Speculation has been mounting in recent days that former Standard Life chief executive David Nish could be a strong internal candidate to succeed fellow Scot Douglas Flint as chairman…

The Financial Conduct Authority (FCA) has published critical interim findings from its market study into the UK’s £7 trillion asset management industry, saying that “price competition is weak” and that profits remain…

Glasgow-based Scottish Friendly, Scotland’s largest financial mutual, said Fiona McBain has decided to step down as chief executive after 11 years “to look for new opportunities and…

Standard Life, Royal Bank of Scotland, Aberdeen Asset Management, Lloyds Banking Group and Virgin Money are among the 72 firms who have signed the UK…

Sterling fell to a 31-year-low early on Friday with some traders blaming a “flash crash” that was triggered by computer-generated trading. With fears growing that the UK Government will…

The Scottish Police Authority (SPA) has appointed former RBS and Standard Life exective David Page as Police Scotland’s first director of corporate services, strategy and…

Leading Scots law firm Burness Paull said turnover for the financial year ending July 31 rose 3.9% to £53.3 million –but profit fell 3.4% to £22.6 million as post-Brexit uncertainty…

Scottish investment writing, copywriting and marketing communications company Copylab is to launch a new business in Asia with office openings in Hong Kong and Singapore. Copylab Asia…

The share prices of many of Scotland most important public traded companies have plummeted since Friday morning when it became clear the UK had voted narrowly to…

Thousands of Scottish financial sector jobs could be put at risk if the UK left the EU, the UK Treasury indicated on Friday. The Treasury…

The Royal Bank of Scotland chairman told the company’s annual general meeting that the EU referendum is “generating additional uncertainty” for the UK economy and that…

Scottish investment writing, copywriting and marketing communications company Copylab is to expand internationally by opening an office in Boston, Massachusetts to serve the asset management industry in…

Angel investor group Investing Women wants to increase the ratio of Scotland’s female angel investors from an estimated one in 20 to the US level of one…

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…

Former Experian, Aviva, RBS and Standard Life executive Graeme Jones has been appointed chief executive of trade body Scottish Financial Enterprise (SFE), replacing Owen Kelly…

Professor Jim McDonald announced he will retire as Principal and Vice-Chancellor of the University of Strathclyde in August 2025, after 16 years in the post….

By Mark McSherry The board of Baillie Gifford’s $1.2 billion Schiehallion Fund Limited gave its backing on Friday to the fund’s chair Linda Yueh after…

Glasgow-based Solasta Bio, an agri-biotech company specialising in the next generation of green insecticides, has completed an oversubscribed $14 million Series A funding round to…

The percentage of people in the UK not on track for even a “minimum retirement lifestyle” has worsened from 35% to 38% since 2023, equating…

Aberdeen-based global engineering and consulting giant John Wood Group plc said it has been awarded a contract by Antofagasta Minerals S.A (AMSA) for its Nueva Centinela copper…

Bellshill-based biopharma firm EnteroBiotix Limited is set to expand and accelerate its work after raising more than £27 million in funding from new and existing investors….

UK finance minister Jeremy Hunt delivered his budget speech on Wednesday, confirming a widely expected cut of 2 percentage points to National Insurance. However, Hunt…

The International Corporate Governance Network (ICGN), a group of international institutional investors with $77 trillion of assets, have warned that proposed reforms to company listing…

Scottish Enterprise has unveiled its new “future focus” to help unlock thousands of new jobs and billions of pounds of global growth opportunities. The national…

Offshore Energies UK (OEUK), the trade body for the sector, welcomed the offer of new oil and gas licences by the North Sea Transition Authority…

About 35% of the UK population could face poverty in retirement, according to Scottish Widows’ 19th annual Retirement Report. Widows said the report’s new National…

Scottish Land & Estates (SLE), the rural business organisation, has appointed Dee Ward as its new chair. Ward succeeds Mark Tennant, who has been SLE chair…

Former Abrdn long-time executive Piers Currie, who went on to be a founder of specialist consultancy Warhorse Partners, has died. At the then Aberdeen Standard Investments, Currie’s…

By Mark McSherry Global financial shares lost about $465 billion in stock market value in two days as investors cut exposure to lenders following Silicon…

The North Sea Transition Authority (NSTA) said 115 applications have been received for the UK’s 33rd offshore oil and gas licensing round. The bids are…

The Bank of England, the UK’s central bank, announced on Tuesday that it will “widen the scope” of its daily gilt purchase operations to include…

Royal London said it made a loss before tax of £228 million in the first half of 2022 compared to a £228 million profit for the…

UK finance minister Rishi Sunak announced tax cuts for workers and a reduction in fuel duty on Wednesday in his half-yearly budget update. Sunak set out…

Scotland is suffering from a chronic housing shortfall approaching 100,000 new homes as a result of “significant and consistent” undersupply over the last 14 years,…

Royal London confirmed on Friday afternoon it has offered to enter into “immediate and exclusive discussions” with mutual life insurer LV= — formerly known as Liverpool Victoria…

Scottish business and finance groups were quick to react to the UK budget statement on Wednesday, with most of them of the opinion that more…

Airlines have been invited to bid for a contract to resume “lifeline” flights from Wick John O’Groats Airport, which is operated by Highlands and Islands…

Glasgow-based global engineering and mining giant Weir Group said on Friday that Charles Berry will retire as chairman at the firm’s AGM in April 2022 — and…

Drinks giant Diageo has opened Johnnie Walker Princes Street, the eight-floor new visitor experience for the world’s best-selling Scotch whisky located at the western end of…

Edinburgh-based investment bank Noble & Co announced two senior appointments to help “increase the firm’s capacity to source prospective deals.” Noble has hired Susi Crawford…

The Scottish Government has announced plans to deliver 100,000 affordable homes over the next decade — with at least 70% of the houses for social…

Aberdeen Standard Investments chief economist Jeremy Lawson has outlined what he called the “missed opportunities” of the UK budget. Lawson said the £40 billion worth…

Perth-based SSE Renewables and its 50-50 joint venture partner Equinor have reached financial close on the first two phases of what will be the world’s…

Scottish Widows is to divest at least £440 million from companies that have failed to meet its environmental, social and governance (ESG) standards. Widows warned…

Eight non-executive directors have been appointed to the board of the Scottish National Investment Bank ahead of its launch in the final quarter of 2020….

France’s EDF said on Thursday it will begin decommissioning its Hunterston B nuclear power plant in North Ayrshire by January 2022 at the latest. The…

UK insurance giant Aviva plc said on Monday that its Falkirk-born chief executive office Maurice Tulloch has stepped down “for family health reasons” will be…

Scotland’s schools will return full-time in August “if Scotland continues to make progress on suppressing coronavirus” said Deputy First Minister John Swinney on Tuesday. Swinney…

Scottish Friendly, Scotland’s largest financial mutual, on Thursday announced record sales of Investment ISAs — also known as stocks and shares ISAs — as it…

A new report has forecast that expenditure for North Sea decommissioning work will be £15.2 billion over the next 10 years. The 2019 Decommissioning Insight report was…

Glasgow-based mutual Scottish Friendly announced on Wednesday a substantial acquisition of life and pensions policies from financial services provider Canada Life. The deal sees Scottish…

The Scottish Government said the value of fish landed by Scottish vessels in 2018 increased by 1% to £574 million, despite a 4% drop in…

The influential Business Roundtable in the United States on Monday announced a new “Statement on the Purpose of a Corporation” signed by 181 CEOs that…

Project Heather, the firm creating a new Scottish Stock Exchange based in Edinburgh’s Geoge Street, on Friday announced the appointments of two senior executives. Helen…

Perth-based transport giant Stagecoach Group announced on Monday planned new vehicle orders worth more than £80 million to help tackle the twin challenges of car…

Aviva plc, the UK’s second-largest insurer, said on Monday that Falkirk-born Maurice Tulloch will become its chief executive officer with immediate effect. Tulloch most recently…

Diageo announced that plans have been formally submitted for its flagship Johnnie Walker visitor centre in the former Frasers department store at the west end…

Aberdeen-based oil services and engineering giant Wood plc said it won a contract to supply “programmable digital control technologies” to the Sellafield nuclear site in Cumbria….