News

Edinburgh-based fund manager Baillie Gifford has spoken out in opposition to a £3.7billion offer from the Emirates National Oil Company's (Enoc) for Dubai-based Dragon Oil. Baillie, Dragon’s largest minority shareholder with a 7.2 per cent stake, said the offer was too low as it “materially und

Antonio Horta-Osario The chief executive of Edinburgh-based Lloyds Banking Group has spoken out about the need to separate high street and investment banking.

Royal Bank of Scotland has this morning released a statement claiming its latest IT meltdown, that this week left over 600,000 payments into customers accounts in limbo, has been fixed. The 80 per cent state-owned lender said that all payments have now been made and all accounts updated.

David Nish Standard Life has this morning announced that chief executive David Nish is to step down on 5 August after nine years in the position.

Four men involved in an investigation into the allocation of public building work contracts at theCity of Edinburgh Council have been sentenced to a total of over 13 years imprisonment for corruption and bribery. Former council employees Charles Owenson, 62, and James Costello, 44, received tens of

Deirdre Michie The new boss of the UK's oil and gas body has issued a warning that the industry should prepare itself for $60 a barrel oil for the foreseeable future.

The gap between Scotland’s most wealthy and most poor is widening, according to two of the country’s leading economists. Stirling University’s David Bell and David Eiser, both fellows of the Centre on Constitutional Change, conducted research on behalf of the David Hume Institute.

Back from left –Sandra Sutherland, Thorntons partner, Aileen Hunter, Watts partner, Anne McKeown, Thorntons partnerFront from left –Jack Robertson, Thorntons chairman, Hamish Watt, Watts partner A Dundee-based law firm, with local offices across the East of Scotland, has announced plans to merge

ESPC has announced that its website is now the only property portal in Scotland offering the ability to search for homes by school catchment areas. For every property advertised within the capital, ESPC will show the four council catchment schools available; primary, RC primary, high school and RC h

Edel Harris Aberdeen & Grampian Chamber of Commerce has appointed a new president.

Construction work has started on Aberdeen-based accountants Anderson Anderson Brown's (AAB) new office complex, located on the Prime Four business park at Kingswells west of the Granite City. DPG Director Stuart Oag with AAB employees Hazel Jamieson, Hollie Tierney and AAB senior partner Mike Brown

A “trusted” member of staff who embezzled almost £80,000 from the Fife credit union where she worked is facing jail. Margaret Bond set up 42 loans on the non-profit Kingdom Credit Union’s systems totalling £79,120, Kirkcaldy Sheriff Court heard yesterday.

Hampden & Co., the Edinburgh-based private bank founded by industry veteran Ray Entwistle in 2011, has finally opened its doors. It is the first private bank to be set up in the UK for 30 years and the first to come through the new process to obtain a banking licence.

A total of 69 credit unions, from across Britain and Northern Ireland, are bidding for funding from the Lloyds Banking Group Credit Union Development Fund. Now in its second year, the £4 million fund (£1m per year) is run in partnership with the Credit Union Foundation.

Union Street masterplan revealed Union Street BDP has today published proposals of the 49 projects planned for the multi-million pound regeneration of Aberdeen city centre.