News

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.

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

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

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

Sir George Mathewson A real estate investment trust (Reit) with a heavy focus on Scottish commercial property is to be floated for the first time this week.

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.

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

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

There has been a sharp rise in the number of Scots who borrowed money to pay for food, housing or utility bills over the past six months, according to The Financial Well-being Survey produced by Debt Advisory Centre. More than half (57 per cent) of the Scottish consumers questioned said they were fo

Scots law firm Brodies LLP has expanded its top-ranked corporate & commercial team with the partner appointments of Douglas Crawford and Helen Machin, corporate finance lawyers prominent in the private equity market, and Karen Fountain, a funds specialist. Mr Crawford, one of Scotland’s best k

Bob Keiller Scottish Enterprise has named its new chairman as Bob Keiller, who is retiring from oil services firm Wood Group.

Gail Clarke Gail Clarke is director of rural land and business, at Blackadders

Tom Slater Tom Slater has left his position as co-manager of the £3.6bn Scottish Mortgage trust to take over the role of head of the North American team at Baillie Gifford.

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.

Allan Clow Aberdeenshire-based Bancon Group has completed its new senior management team with the appointment of Allan Clow as group finance director.