RBS hires Fletcher from HSBC to be chief risk officer
RBS said it appointed Bruce Fletcher as its new group chief risk officer, subject to final regulatory approval. Fletcher is currently chief risk officer for…
RBS said it appointed Bruce Fletcher as its new group chief risk officer, subject to final regulatory approval. Fletcher is currently chief risk officer for…
UPDATE 4 — RBS said on Friday it is writing to “all remaining eligible UK customers” to provide three months’ notice that the complaints process…
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…
Decom North Sea, the membership organisation for the oil and gas decommissioning sector, said it appointed former ConocoPhillips executive John Warrender as its chief executive,…
Shares of East Kilbride-based Goals Soccer Centres fell almost 20% after it said its results for the full year are expected to be “materially below market expectations, due…
Perth-based energy giant SSE said in a trading statement ahead of its AGM that a combination of “dry, still and warm weather” and persistently high…
BP said on Wednesday that one of the North Sea’s most important developments — the Eastern Trough Area Project (ETAP) — will continue to produce…
Edinburgh-based asset management giant Standard Life Aberdeen said on Tuesday the proposed initial public offering (IPO) of its associate business in India, HDFC Asset Management Company…
Creative Scotland said Janet Archer is stepping down from her role as chief executive after five years. No reason was given for the departure. An inquiry…
Shares of Aberdeen-based bus and rail giant FirstGroup plc rose on Tuesday after it said it is “examining all appropriate means to mobilise the considerable…
Aberdeen Standard Investments said its real estate team has now fully let the entire south side of St Andrew Square in Edinburgh. In a deal…
New research by PwC says artificial intelligence (AI) is expected to create a net benefit of 15,000 jobs in Scotland by 2037. In its latest UK…
Glasgow-based cloud computing firm Iomart Group plc said its finance director Richard Logan is to retire after 12 years of service and he will be…
The UK Space Agency has selected the A’Mhoine Peninsula near Tongue in Sutherland on the north coast of Scotland for the first vertical launch site….
Glasgow-based engineering giant Weir Group said on Thursday it completed the acquisition of Portland, Oregon-based ESCO Corporation for an estimated enterprise value of $1.28 billion. Weir’s main markets…
Scottish law firm Brodies LLP said revenues grew to £68.59 million in its financial year to April 30, 2018, from £66.68 million in 2016-17. Brodies…
Scottish-born John Giannandrea, from Bridge of Allan, has been appointed Apple’s Chief of Machine Learning and Artificial Intelligence (AI) Strategy, reporting to CEO Tim Cook. “John…
The UK’s Oil and Gas Authority (OGA) has launched the 31st Offshore Licensing Round — offering blocks in “frontier areas” of the UK Continental Shelf (UKCS)…
Scottish private sector business activity in June rose at the quickest pace since August 2014, with job creation running at the quickest pace since February…
Shares of Edinburgh-based Craneware, a software firm that specializes in the US healthcare market, rose about 12% on Tuesday after it issued a trading update for the year ended…
France’s Total is preparing to sell about a third of its stake in the Laggan Tormore gas field west of Shetland along with other oil…
Edinburgh-based upmarket home builder Cala Group, now 100% owned by Legal & General, said on Monday Kevin Whitaker, currently one of two regional chairs, will become Cala…
Aviva Investors said on Monday it hired eight fund managers from Standard Life Aberdeen to work in its new Edinburgh office. The new hires will…
The financial services industry now employs 161,000 people in Scotland and contributes 8.9% of gross value added to the Scottish economy, according to a new…
Wheatley Group — Scotland’s biggest social landlord — has unveiled £185 million of new funding from the European Investment Bank (EIB) to help build and…
Edinburgh-based LendingCrowd said on Thursday it delivered a record £13.9 million of lending in the first half of 2018 compared with £4.9 million for the same period…
BP said on Wednesday it will significantly increase its holding in the giant Clair field, 47 miles west of Shetland. “BP has entered into an agreement to…
A planning application has been submitted by Glasgow Harbour Ltd on behalf of Peel Lifestyle Outlets — a division of Peel Land and Property Group…
Cefetra Ltd, the largest agricultural trading company in Scotland, has signed a long-term contract with Forth Ports to use the Port of Rosyth and turn…
Grangemouth refinery operator Ineos said it has approved a €2.7 billion capital project to build “both a world scale ethane cracker and a PDH (Propane…
Kirkcaldy-based shopfitter and interiors company Havelock Europa said London-based private investment firm Rcapital has backed Havelock with a deal that “secures over 300 jobs and…
Scotland’s small and medium-sized enterprises (SMEs) are cautious about the role of digital skills in helping their growth, according to new YouGov research commissioned by…
Edinburgh-based funds platform Nucleus Financial Group Limited on Monday confirmed recent speculation by announcing its intention to apply for admission of its ordinary shares to trading…
Scotland’s food and drink sector generated £13.9 billion in turnover in 2016, a rise of 3.9% on the previous year and the highest annual growth…
UPDATE 2 — Edinburgh-based funds platform Nucleus Financial, which counts hundreds of independent financial advisers among its shareholders, is set to float on AIM next…
Energy regulator Ofgem said on Thursday that Perth-based energy giant SSE has paid £190,000 in compensation to customers over failures following its withdrawal of a…
Aberdeen-based oil and engineering giant Wood plc on Thursday reported first-half revenue growth across its business and said it anticipates delivering first half revenue of…
Perth-based bus and rail giant Stagecoach said it cut its dividend after its adjusted annual profits fell and the firm took an £85.6 million hit from…
Latest data published on Wednesday shows Scotland’s gross domestic product (GDP) grew 0.2% in the first quarter of the year compared to 0.1% growth for…
The confidence of small businesses in Scotland is at its highest since 2015, according to new research from the Federation of Small Businesses (FSB). FSB’s…
Phoenix Group announced its new executive management team to manage the enlarged business upon completion of the Standard Life Assurance Limited acquisition, expected in the…
Trading in the shares of Kirkcaldy-based shopfitter and interiors firm Havelock Europa has been suspended amid a “credit squeeze” that threatens the future of the…
First Minister Nicola Sturgeon on Tuesday appointed a new Scottish government cabinet, with five new cabinet secretaries appointed. John Swinney, Roseanna Cunningham and Fiona Hyslop…
First Minister Nicola Sturgeon announced on Tuesday that Economy Secretary Keith Brown, the SNP’s depute leader, will leave the Scottish Government “to dedicate his time…
Aberdeen Standard Investments (ASI) and Phoenix Group announced they have established a private markets fund financing strategy “that is tailored to Phoenix’s financial objectives as…
Royal Dutch Shell plc has given the go-ahead for a major investment in the Fram gas and condensate field in the UK North Sea. “This…
HSBC Holdings plc announced that Iain Mackay will retire from HSBC and be succeeded as executive director and group finance director by Ewen Stevenson, who…
Edinburgh-based fund management giant Baillie Gifford is set to take all 60,000 sq ft of a new office space development at 20 West Register Street…
Standard Life Aberdeen shareholders on Monday voted more than 99% in favour of the £3.24 billion sale of Standard Life Assurance Limited to Phoenix Group…
Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park and The Famous Grouse — said its core revenues rose 7% to £706.7 million…
First Minister Nicola Sturgeon has appointed former Tesco Bank CEO Benny Higgins as the strategic adviser for the establishment of the Scottish National Investment Bank….
The Scottish Government had expenditure of £30.9 billion in 2017-18 against a fiscal budget of £31.4 billion — indicating an underpsend of around £500 million. “Surplus…
Edinburgh Trams exceeded all financial expectations in 2017, recording a pre-tax profit of £1.6 million compared to £252,000 in 2016. Results published on Friday show…
Scotland’s Auditor General Caroline Gardner has produced her annual report on Scotland’s colleges which shows the sector reported a £300,000 surplus in its underlying financial position for 2016-17…
PfP Capital, the fund management business established by Places for People Group, said it intends to launch a new fund in partnership with the Scottish…
Crown Estate Scotland said on Wednesday it has “opened up” coastline, seabed and rural estates for local management under a new scheme. The Local Pilots…
Scottish economic growth is set to recover this year but remain below trend, according to the latest analysis by the University of Strathclyde’s Fraser of…
Scotland’s Court of Session has ruled against Grangemouth refinery operator Ineos after it challenged a Scottish government moratorium against fracking for oil and gas. Ineos had argued…
Edinburgh and London-based private equity firm Dunedin has invested in the £44 million funding of Global Processing Services (GPS), the global payments processor and tech…
Edinburgh-based rented housing developer Sigma Capital Group announced the expansion of its strategic partnership with housebuilder Countryside Properties with a framework agreement targeting the delivery…
Highland Scotch whisky distillery Tomatin, near Inverness, announced on Monday that its turnover increased almost 25% during the company’s most recent financial year. For the period…
The Renewables Infrastructure Group (TRIG) said on Monday it acquired the under-construction wind farm at Solwaybank, Dumfries and Galloway, for up to £82 million. The project was…
UPDATE 5 — Clydesdale and Yorkshire Bank owner CYBG said on Monday it finally clinched an all-share deal to take over Newcastle-based rival Virgin Money in…
For the second time in four years, a major fire has ravaged the Mackintosh Building at The Glasgow School of Art, one of Scotland’s architectural gems….
Rathbone Brothers on Thursday confirmed a much touted deal to acquire Glasgow-based Speirs & Jeffrey, Scotland’s largest independent wealth manager, for an initial £104 million. “Under…
House prices have nearly trebled since Scotland last took part in the World Cup in 1998, according to new research from Bank of Scotland. The research…
Perth-based bus and rail firm Stagecoach said it has urged politicians throughout the UK “to take tough action on congestion” and put buses at the heart…
The UK rail regulator, the Office of Rail and Road (ORR), has published its assessment of Network Rail’s plans to spend £4 billion in Scotland over…
Glasgow-based cloud computing firm Iomart Group plc said its revenue grew 9% to £97.7 million in the year ended March 31, with adjusted profit before tax up 7%…
Aberdeen’s commercial property market recorded sales higher than both Edinburgh and Glasgow for the first time since 2014 in the first quarter of 2018, according to…