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Angus Deaton A Scottish economist Angus Deaton has won the Nobel memorial prize in economic sciences.

Private sector activity in Scotland declined for the first time in six months during September, albeit at a slow pace. According to the latest Bank of Scotland purchasing managers' index, the contraction was broad-based, as both the service and manufacturing sectors registered decreases in output.

Aberdeen’s hotel sector experienced its fourth consecutive month of double digit drops in occupancy and revenue in July as the turmoil in the oil and gas sector continued to impact on the city’s hospitality sector according to the latest report by accountants BDO. The firm’s monthly hotel surv

Tesco’s poor first half results will not impact on its banking division, according to the supermarket giant. Yesterday the company revealed that the first six months of the year saw its saw core profits slump 55 per cent to £354m.

As the Scottish Government presses ahead with proposals for rent controls and details of the Private Tenancies Bill are expected to be published this week, average rents in the country have started to head south, according to new figures. The latest Citylets Quarterly Report shows that rents have fa

Catriona Munro New rules comes into force today making it easier for victims of anti-competitive behaviour, such as price fixing or market sharing, to get redress.

The number of complaints about current accounts shot up by nearly one third in the first half of 2015, according to latest figures released by the Financial Conduct Authority. The data also shows that pensions-related complaints jumped by around one fifth as the new retirement freedoms were brought

Alison Sellar, CEO of activpayroll. Aberdeen-based activpayroll has celebrated 14 years of successful business with the launch of new company website.

New research from PwC has revealed that someone starting work today aged 22 will need to save a total of 15 per cent of their annual salary towards their pension in order to reach their desired retirement income. If they don’t increase their current contribution levels, they could end up with a £

Ross McEwan, the chief executive of Royal Bank of Scotland has said that tackling costs is to be a “constant goal” for the still 73 per cent state-owned lender. Speaking at the Bank of America Merrill Lynch Banking & Insurance conference in London, Mr McEwan warned that he would not sanction

David Lauder David Lauder of ESPC Mortgages writes his quarterly review of the mortgage market below.

Growth in business volumes for financial services firms slowed in the three months to September, as optimism levelled out, according to the latest CBI/PwC Financial Services Survey. Overall business volumes rose at their slowest pace in two years, following nearly two years of robust expansion.

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

Nick Pollard, KHA finance director, and Marc Bates from THIS Housing signing the new contract. Kingdom Housing Association Limited (KHA) and Kingdom Initiatives Limited (KIL), the wholly owned trading subsidiary of the Registered Social Landlord, have awarded a new general insurance contract to THIS

Scotland's retailers face an “incredibly challenging” trading environment, with total sales "weak on all fronts" last month and down 2.4 per cent on last year, according to the latest SRC-KPMG Scottish Retail Sales Monitor report. The report said that sales August 2015 marked a stark contrast to