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Housing market activity in Scotland was flat in February as a shortage of properties becoming available for sale continued to result in an increasing number of potential new buyers being thwarted, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.

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Office for National Statistics (ONS) figures for November 2015 to January 2016 show that Scotland continues to outperform the UK on employment and inactivity rates. This month’s Labour Market Statistics also show that over the quarter, Scotland’s overall employment rate increased to 74.5 per cen

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Edinburgh-based Lloyds Banking Group, rescued during the financial crisis at a cost of £20.5 billion to UK taxpayers, increased full-year underlying profits by 5 percent to 8.1 billion pounds last year, it said today. However, the bank also reported a 7 per cent fall in annual pre-tax profits to £

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