News

William Hobbs In a week when trade body Oil and Gas UK published a report warning that the entire North Sea energy industry was “on the edge of a chasm”, a top banker has told an audience in Britain’s oil capital of Aberdeen that prices are on their way up and that there is no new financial cr

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 £

The Scottish Government's budget for the next year has been passed by MSPs as trade union members protested outside Holyrood over cuts to council budgets and local authority job cuts. MSPs passed the budget by 64 votes to 57 after opposition parties continued to press Finance Secretary John Swinney

The former financial advisers of Glasgow football club Rangers have been fined £1.2million for market abuse risks. City watchdog the Financial Conduct Authority said WH Ireland did not have the right controls to prevent information leaking from the private to the public side of its business and pre

Martin Gilbert Martin Gilbert, co-founder and chief executive of Aberdeen Asset Management has warned that should British voters decide to leave the EU it could spark a second Scottish independence referendum.

Dave Cormack A former chief executive of Aberdeen Football Club has sold his stake in a US- based software company for £567 million.

Home-owner house purchase lending in Scotland totalled 17,200 loans, down 4 per cent in the third quarter but up 17 per cent on the fourth quarter 2014, according to new Council of Mortgage Lenders figures. The latest CML data on the characteristics of lending in Scotland in the fourth quarter of 20

Gross mortgage borrowing of £13.6 billion in January was 38 per cent higher than a year ago and the highest since mid-2008, according to latest data from the British Bankers Association. The number of mortgage approvals in January was 33 per cent higher than a year ago, with remortgaging up 42 perc

Rents in parts of Scotland have soared by more than six per cent in the past year, the fastest rise on record. The latest Scotland buy-to-let index from Your Move has found that average monthly rent in Edinburgh and the Lothians increased by £38 (6.4 per cent) to £642 in January compared to the pr

Independent Scottish law firm bto solicitors is urging businesses to comply with important slavery legislation as they approach the end of their financial year, or face an unlimited fine. Businesses that supply goods and services and have an annual turnover of £36m or more (including turnover of an

The Scottish Property Federation (SPF) has welcomed the Scottish Government’s decision to exempt transactions of six or more homes from the additional 3 per cent LBTT surcharge. The SPF advocated such an exemption in its written and oral evidence to the Finance Committee, in order to support large

Life and pensions group Scottish Widows has insisted it remains committed to Edinburgh after transferring billions of pounds of its life insurance business to London. The insurer also said there will be no impact on customers from its decision to move some of its business to the UK capital.

Nicola Sturgeon and John Swinney A historic deal has been struck between Holyrood and Westminster to deliver new powers over tax and welfare to the Scottish Parliament, in line with pledges made during the independence referendum.

Andrew Brown An Employment Appeal Tribunal has ruled employees’ commission should be factored into holiday pay.

(L-R): David Allan and Alan Stewart