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Aberdeen Asset Management, Standard Chartered’s second largest shareholder, has said it will back the bank’s $5.1billion (£3.2bn) rights issue. Shares in Standard Chartered fell sharply yesterday after the Asia-focused UK bank said it would raise $5.1bn (£3.3bn) and cut 15,000 jobs by 2018.

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Growth in Scotland has begun to diverge quite markedly from the UK despite being boosted by public investment in infrastructure, according to the latest Economic Commentary from the University of Strathclyde’s Fraser of Allander Institute, sponsored by PwC. While domestic demand is clearly driving

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The Chairman of the new incarnation of Glasgow-based football club Rangers has said the club is moving in the right direction despite announcing a loss of £7.5m for the year ending 30 June. Dave King said the latest results do not reflect the changes implemented since the consortium he led assumed

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Perth-based investment firm Braveheart has posted a pre-tax loss of £1.04 million – 3.84p per share – for the half year to the end of September, up from a loss of £88,000 or 0.35p per share a year ago. The firm also revealed that revenue was down a third at £610,000 due to the Viking equity c

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Graham Cunning An Aberdeen-based supplier of hoses to the offshore oil and gas industry has been sold to a Swedish industrial firm in a deal worth up to £6 million.

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There were 361,345 private sector businesses operating in Scotland as at March 2015 - the highest figure since the time series began in 2000. According to Scotland’s Chief Statistician, between March 2014 and March 2015, the estimated number of businesses increased by 26,090 - representing a rise

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Scottish businesses are predicted to face further financial pressures with commercial rents expected to rise further over the next 12 months, the Royal Institution of Chartered Surveyors (RICS) warned today. The RICS UK Commercial Market Survey, Q3 2015, reveals that businesses within the office and

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Lloyds Banking Group has withdrawn its £420m claim against fellow bailed-out bank, the Royal Bank of Scotland. In May 2014, it emerged that Lloyds was suing RBS for £420m as part of a wider “group litigation order” lawsuit over RBS's allegedly "misleading" 2008 right issue.

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