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Standard Life has announced the acquisition, through its subsidiary Standard Life Savings, of AXA Portfolio Services Limited (trading as Elevate) from AXA UK. The deal will create one of the UK’s largest adviser platform businesses with combined assets under administration of £36.4bn, bring more

Debbie Mayor New research from Grant Thornton's International Business Report (IBR) has revealed business confidence in Scotland remains high, despite Brexit fears and the ongoing oil and gas downturn.

Scottish local authorities will receive a total funding package of £10.3 billion in 2016-17 as council tax will be frozen for the ninth consecutive year, deputy first minister John Swinney confirmed yesterday. The settlement includes over £26 million for Discretionary Housing Payments, part of the

Aberdeen Asset Management has completed the acquisition of the commercial element forming Liverpool's Albert Dock development from Albert Dock Company, a subsidiary of Arrowcroft in a £42.75 million deal representing a net initial yield of approximately 5.6 per cent. The investment totals over 400,

Royal Bank of Scotland has signed a series of exclusive agreements with three separate investment partners in a move that the 73 per cent state-owned lender says will provide UK businesses greater access to capital investment. Edinburgh-based RBS has teamed-up with AIG Asset Management, Hermes Inves

Robert Perrie Yorkshire-based finance and marketing consultancy ABL Business has expanded its operations into Scotland after spotting a gap in the market.

Malcom Buchanan Royal Bank of Scotland has appointed a new head of its operations in Scotland.

Edinburgh-based Lloyds Banking Group has posted a 28 per cent increase in profits before tax for the third quarter, up to £958m from £751m in the same period last year. However, the group,which includes Bank of Scotland, set aside another £500m to compensate customers over the mis-selling of Paym

Angela Mitchell The UK public sector faces a decade of recalibration to adjust to lower spending levels, according to a report by Deloitte and think tank Reform.

Edinburgh-based asset manager SVM has recorded a third successive year of losses of over £1 million. SVM, the 25 year-old firm that is 98 per cent owned by Colin McLean and his partner Margaret Lawson, reported that loses for the last 12 months were similar to the pre-tax loss of £1.46m loss regis

Lena Wilson The last 12 months have seen Scottish Enterprise offer a total of £57.8million of Regional Selective Assistance (RSA) grants for projects with planned capital expenditure of £396.7 million.

Scotland’s workforce are caught in a cruel trap of low incomes and poor working conditions, according to new evidence published today by Citizens Advice Scotland. In a report to the Scottish Parliament’s Economy, Energy and Tourism committee, CAS reveals that the numbers of employment cases seen

Edinburgh-based Lloyds Banking Group has reported a 38 per cent rise in half year pre-tax profits while at the same time setting aside a further £1.4 billion to compensate customers to whom it mis-sold payment protection insurance (PPI). The bank said profits for the six months to the end of June w

Bank of Scotland has provided cloud computing and internet hosting business Iomart with a £60 million funding package to serve as an acquisitions war chest. The Glasgow-based business, whose customers include online travel site Skyscanner, banking software firm Misys, the Joseph Rowntree Foundation