Weak pound boosts Murray International Trust
Murray International Trust chairman Kevin Carter said the £1.55 billion closed end fund benefited hugely from the weakness of sterling in the six months to June…
Murray International Trust chairman Kevin Carter said the £1.55 billion closed end fund benefited hugely from the weakness of sterling in the six months to June…
Employment in Scotland rose by 51,000 to 2,629,000 in the last quarter — the largest quarterly rise on record — according to the UK’s Office for National Statistics…
The Royal Bank of Scotland has terminated a $300 million contract with Indian technology firm Infosys following the announcement last week that RBS will no longer pursue its…
Moody’s Investors Service has downgraded the bond (debt) ratings of media firm Johnston Press, owner of The Scotsman, the i newspaper and the Yorkshire Post, deeper into…
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…
Shares of Edinburgh-based global oil and gas explorer Cairn Energy rose 4.5% after it said an appraisal of its “world-class” discovery off the coast of Senegal had significantly increased so-called “2C”…
The new chairman of Edinburgh-based aviation logistics and news distribution firm John Menzies said it could take up to a year to decide if Menzies should split into two…
Aberdeen-based oil and gas services giant Wood Group said revenue fell 16.6% to £2.56 billion and profit fell 63% to £44.6 million in the six months to…
Edinburgh-based Standard Life Investments has strengthened its Environmental, Social and Corporate (ESG) team with the hiring of Marc Brammer and Sophie Rahm as responsible investment analysts….
Scottish Government finance secretary Derek Mackay said guarantees for UK businesses and universities over EU funding from UK chancellor Philip Hammond fall “far short” of what Scottish…
Royal Bank of Scotland chief executive Ross McEwan told the BBC that the company would probably move its registered headquarters out of Scotland in the…
Edinburgh Airport said it had the busiest ever month at a Scottish airport in July as international traffic from the Scottish capital rose 18.5% on the same…
Dutch insurance and investment giant Aegon, which has large UK operations in Edinburgh, said it would acquire Cofunds — an investment platform for financial advisers — from…
First Minister Nicola Sturgeon announced a raft of measures — including an extra £100 million of funding — to stimulate the Scottish economy in the…
Scottish Building Society said it has strengthened its senior management team with the appointment of Aileen Brown in the newly-created role of finance director. Brown joins…
Strathclyde Partnership for Transport (SPT) said the Glasgow subway will reopen nine days later than planned on Wednesday, August 10 following a major modernisation programme. SPT said essential renewal…
Shares of Edinburgh-based investment, pensions and insurance group Standard Life rose about 5% after it said its half-year operating profit before tax increased by 18% to £341…
Pure fibre infrastructure provider CityFibre said it is on track to complete the installation of Edinburgh’s new 150km ultra-fast network by the end of September, which will…
Demand for Scottish goods and services in July deteriorated at the fastest pace for nearly four years, according to the latest Bank of Scotland/Markit purchasing managers’…
The UK Government said its Scottish Secretary David Mundell will be in Glasgow on Wednesday to begin a series of meetings with groups from across Scottish society to make…
The Bank of England — the UK’s central bank — said it cut interest rates from 0.5% to a record low of 0.25% and introduced…
Fantasy sports operator FanDuel — based in Edinburgh and Manhattan — welcomed the news that Governor Andrew Cuomo has signed legislation to legalize interactive fantasy sports in New York…
Edinburgh hotels enjoyed strong growth in occupancy and room price in June while Glasgow and Aberdeen had mixed fortunes, according to the latest monthly report from tourism…
The volume of Scottish manufactured export sales fell by 0.5% over the first three months of 2016 as subdued global demand and the impact of lower…
Deficits at the UK’s private sector defined benefit pension schemes have once again soared to record levels as prolonged ultra low interest rates take their…
Real estate firm Savills said it has been appointed by the University of Glasgow as its strategic investment and development advisor on a new five year…
Royal Bank of Scotland (RBS) was one of the worst performing banks in stress tests carried out by the European Banking Authority (EBA). Under the imaginary stress conditions,…
The percentage of the Edinburgh workforce with a degree level qualification or equivalent is higher than any other major UK city, according to the latest ‘Edinburgh…
Clydesdale and Yorkshire Bank (CYBG) said trading in the three months to June 30 was in line with expectations and that it made £1.5 billion of new loans and…
The chief executive of drinks giant Diageo — owner of many Scotch whisky brands including Johnnie Walker, Bell’s, Talisker, Lagavulin and Dalwhinnie — has urged the UK…
Growth in Scotland’s gross domestic product (GDP) is forecast to slow as a direct result of the EU referendum, according to a revised economic commentary…
Glasgow-based engineering firm Weir Group said Keith Cochrane will step down as chief executive after 10 years on the board. Finance director Jon Stanton will succeed Cochrane on October…
The Federation of Small Businesses (FSB) said news that Royal Bank of Scotland (RBS) and its NatWest subsidiary might consider charging business customers to deposit money would be…
Edinburgh Trams are to run every five minutes during morning and evening rush hours to respond to higher demand. The tram line is 14km long and runs from Edinburgh…
Edinburgh’s Festivals attracted audiences of more than 4.5 million in 2015, putting them on a par with the FIFA World Cup. Only the Olympic Games attract…
Stirling based insulation firm Superglass said it is recommending that its shareholders accept a £8.7 million cash takeover offer from Cyprus incorporated investment vehicle Inflection. Sergey Kolesnikov, the sole…
Dundee-based investment trust firm Alliance Trust said its investments had underperformed its benchmark in the six months to June 30 “reflecting the turbulent market conditions around the…
MasterCard said it agreed to acquire 92.4 percent of payment processing giant VocaLink for about £700 million ($920 million). In the UK, VocaLink operates the Link ATM network and processes…
Universities Scotland and the Scottish Government have launched a joint campaign to protect the European research credentials of Scotland’s universities following the narrow vote by the…
Swedish state-owned energy firm Vattenfall will invest more than £300 million as it becomes the 100% owner of the Aberdeen Offshore Wind Farm test facility. For an undisclosed…
The Scottish Government said the average time for a planning decision to be made on major developments in 2015-16 fell by 17% on the previous year….
The output of the Scottish economy remained flat during the January to March quarter of 2016, according to gross domestic product (GDP) statistics from Scotland’s chief…
Bathgate-based construction firm Dunne Group — which has been involved in some of the UK’s highest profile civil engineering projects — has gone into administration with the loss of more…
Edinburgh-based aviation logistics and news distribution company John Menzies has appointed Irish paper and packaging tycoon Dermot Smurfit as independent chairman of the group. Smurfit’s appointment will be…
EnQuest, the largest UK independent producer in the UK North Sea, said it is holding discussions to sell up to 20% of the massive Kraken development east…
Scotland’s First Minister Nicola Sturgeon said she held constructive talks with new UK Prime Minister Theresa May in Edinburgh on Friday — and that May is…
More than 60% of Scottish companies believe Brexit will have a negative impact on their business and only 19% believe that it will have a positive…
The weaker pound since the EU referendum could give a boost to Aberdeen-based bus and rail giant FirstGroup, which has extensive operations in North America. “It…
Spending by Scotland’s two public enterprise agencies — Scottish Enterprise and Highlands and Islands Enterprise — totalled £398 million in 2014-15, according to a report by…
Aberdeen Asset Management said it has lifted the suspension of trading in its £3.2 billion UK property fund. Uncertainty over the UK commercial real estate market following the…
Finance Ministers from the three devolved administrations of Scotland, Wales and Northern Ireland have written to UK Chancellor George Osborne seeking an urgent meeting to…
Glasgow-based Collagen Solutions, a manufacturer of medical grade collagen biomaterials, said group revenue and other income increased to £3.24 million in the year to March 31 compared…
Standard & Poor’s (S&P) said it has lowered its long-term credit rating on Wheatley Housing Group, Scotland’s biggest social landlord, because the narrow UK vote to…
Shares of Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, rose again after it said it enjoyed “a third consecutive year of record sales…
Shares of Edinburgh-based Standard Life have fallen about 13% so far this week after its fund management business Standard Life Investments suspended trading in its £2.9 billion UK Real Estate Fund…
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…
Standard Life’s fast-growing financial planning business 1825 said it will make its fifth acquisition through buying Crewe-based Jones Sheridan, which has assets under advice of £350 million. The deal will establish 1825’s…
Edinburgh-based aviation logistics and news distribution company John Menzies is facing a new demand from investors to split the firm in two, according to Reuters. The fresh demands…
Shares of North Sea exploration firm EnQuest rose about 5% after it announced encouraging results fom its Central North Sea drilling programme. Neil McCulloch, EnQuest’s president, North…
Aberdeen-based oil and gas services giant Wood Group said it was sticking to the guidance of full year 2016 earnings before interest, taxes and amortization (EBITA) of…
Lothian Buses — 91% owned by the City of Edinburgh Council — saw revenue rise 5.3% to £142 million in 2015 and net profit fall to £6.4 million from…
Perth-based rail and bus giant Stagecoach Group said its revenue for the year to April rose more than 20% to £3.8 billion and profit before tax excluding exceptional items rose £2.4 million…
First Minister Nicola Sturgeon has formed a Standing Council on Europe — a group of legal, financial, business and diplomatic experts — to advise the Scottish…
Royal Bank of Scotland chief executive Ross McEwan sent a memo to the company’s 90,000 staff to try and ease their concerns amid a calamitous drop in the…
Perth-based bus and rail giant Stagecoach Group said it would propose former National Express executive Ray O’Toole for election as a non-executive director of the company at its annual general…
UK finance minister George Osborne tried to calm financial markets on Monday morning following the turmoil that greeted Britain’s narrow vote to leave the EU — but the…
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…
First Minister Nicola Sturgeon said talks will take place with EU institutions and member states to “protect Scotland’s place in Europe” after Scotland voted in favour of…
First Minister Nicola Sturgeon said a second Scottish independence referendum was now “highly likely” after Scotland voted in favour of remaining in the EU by 62% to…
Scotch Whisky Association (SWA) chief executive David Frost said the £5 billion industry had “serious issues to resolve” now that the UK had voted to leave the EU…