News

Insurer Prudential, which employs more than 2,000 workers at its site near Stirling, has revealed a £3.9 billion blow to its asset management arm. The firm said retail investors pulled the funds out of its M&G business during the third quarter after China's economic slowdown fears sent markets

Perth-based utilities giant SSE has announced adjusted pre-tax profit of just under £549m in the six months to the end of September – an increase of 48 per cent on the same period last year. The rise was helped by wet and windy weather in Scotland and Ireland, which boosted renewable output.

A number of key staff members at Royal Bank of Scotland have received more than £3.3 million in shares. The shares delivered were in payment of a fixed share allowance for the six month period ended 31 December 2015.

Oil price should return to $80 a barrel by 2020, according to the International Energy Agency (IEA). The IEA’s Word Energy Outlook, which was released this week, found the sudden plunge in price had “set in motion the forces that lead the market to rebalance, via higher demand and lower growth i

The Scottish Housing Regulator has stressed the key role of auditors in Registered Social Landlords risk management and compliance with regulatory standards. Speaking at the SFHA’s Finance Conference in Crieff Ian Brennan, the Regulator’s director of finance & risk, said: “Internal auditor

Aileen McLeod The Scottish Government has said it is prepared to look into potentially reintroducing loans for building croft houses.

Rents have soared by more than a third in some parts of Scotland over the past five years, according to new figures. Official statistics show the average monthly rent for a two-bedroom property in Aberdeen and Aberdeenshire rose by 36 per cent between 2010 and 2015.

Unemployment in Scotland increased by 11,000 in the three months to September, to stand at 166,000. The rise over the summer months contrasted with the UK as a whole which saw the number of unemployed fall by more than 100,0000 over the same period, to stand at 1.75 million.

The House of Commons has passed the Scotland Bill amid criticism from it has not delivered on the Smith Commission proposals.

Scottish factoring and letting services firm Newton Property has purchased Glasgow-based property management company, Greenhome Property Management, for an undisclosed sum in a “substantial deal”. The acquisition, which comes hot on the heels of Newton Property’s recent merger with Aberdeen-ba

Sir Gerry Grimstone Standard Life chairman Sir Gerry Grimstone has been appointed as a non-executive director and deputy chairman by Barclays.

Angus Tulloch Asia Pacific sector star manager Angus Tulloch and colleague Jonathan Asante have announced plans to step back from the bulk of fund management duties at Edinburgh-based Stewart Investors.

A finance director who took almost £8m from businesses owned by Scottish entrepreneur and TV personality Duncan Bannatyne has been jailed. Christopher Watson, who claimed he was exposed to a “culture of undoubtedly corrupt company management”, pleaded guilty to defrauding the Bannatyne Group of

Colin McLean, the co-founder of Edinburgh-based SVM Asset Management, has spoken out against the rewarding of failure within the industry. Reacting to the latest PwC survey of FTSE 100 Executive Pay, Mr McLean said the UK’s big companies and their shareholders have done little to address “length

Fiona Hyslop Scotland’s culture, Europe and external affairs secretary, Fiona Hyslop, has announced plans for a new Scottish innovation and investment hub to be opened in Dublin.