News

Banking giant HSBC, which employs more than 3700 people in Scotland, has made a U-turn on plans to freeze staff pay. The bank, which is set to release its full year results later this month, has recently been under pressure from shareholders to cut costs and improve its lacklustre performance.

Tech businesses are growing 32 per cent faster than the rest of the UK economy and the sector’s Edinburgh workers are among the highest paid in Britain, according to a new report.

Legislation that would levy a supplement on the purchase of additional residential properties has been backed by MSPs on the Scottish Parliament’s Finance Committee today.

Carol Benzie Aberdeen International Airport (AIA) suffered a near-17 per cent fall in passenger numbers in January as reduced offshore helicopter business continued to hit the terminal.

Fewer than one in 1,000 mortgages ended in repossession in 2015, according to the latest update from the Council of Mortgage Lenders. And, with fewer than 1 in 100 mortgages in any sort of arrears, at 0.92 per cent the annual arrears rate is also at its lowest for more than a decade.

Cornerstone Asset Management has announced four key appointments at its Edinburgh office. The financial advice firm announced Alan Reid – formerly of Heath Consulting and Balmoral Asset Management – will bring the experience of a career spanning more than 30 years, to its senior management team

Royal Bank of Scotland has opened the doors of a new ‘Entrepreneurial Centre’ at its global headquarters at Gogarburn just outside Edinburgh. The bank’s former ‘executive wing’, which at one time was seen as a symbol of the worst excesses of the pre-crisis Goodwin era at the now 73 per cen

New data published by the Scottish Government’s chief statistician has prompted one of the county's leading financial experts to claim Scotland’s economy has begun to show “worrying signs of distress”. The new official figures showed that economic growth per person in Scotland has fallen beh

International accountancy firm Mazars has reported a 24 per cent jump in fee income from its Scottish operations. The result north of the border came as the firm, which has operates throughout 93 countries, reported a 14 per cent rise in turnover for the year to the end of August across its UK opera

Sarah Speirs The Scottish housing market saw a flatter demand trend but continued price growth during January, according to the latest RICS UK Residential Market Survey.

The Edinburgh property market continues to prosper, according to latest figures released by estate agent CKD Galbraith. The firm’s office in the capital has reported an increase in the volume of property sales and conducted more viewings during the final quarter of 2015 (Q4 Oct – Dec 2015) compa

Phil Loney Phil Loney, chief executive of Royal London, the mutual which employs 1,100 in Scotland, has spoken out in support of calls for pensions tax relief to be limited for higher earners.

Michael Matheson A company selling so-called ‘phantom firms’ to help Eastern Europeans avoid taxes is registering its ‘shell companies’ at an Edinburgh building owned by tax-payer funded Scottish Enterprise, it has emerged.

Royal Bank of Scotland is set to take a further step as part of it strategy retreat from the global stage after calling in advisers to pilot the sale of a £3bn shipping finance operation. According to reports from Sky News, the still 73 percent state-owned, bailed-out lender is working with bankers

Last year saw an 8.8 per cent rise in the number of new Scottish company registrations, bringing the total number of businesses in the country to a record high. According to figures from Inform Direct, 34,711 new companies registered in Scotland last year, and the up 8.8 per cent year-on-year rise c