News

Sir Mike Rake Barclays deputy chairman Sir Mike Rake is reportedly planning to step down just a week after the bank’s chief executive was fired.

An energy company has won the right to pursue a £130 million claim against contractors after a tunnel collapse hit the operation of a new hydro scheme, according to the BBC. SSE Generation launched the compensation claim following problems at its Glendoe site near Fort Augustus.

US-based financial services firm BTIG has announced that it is to open its second European office in Edinburgh. The company, which specialises in institutional trading, investment banking and research, cited a concentration of expertise in areas such as fund management and asset servicing within the

Cyber risk tops the list of concerns for UK insurers, according to the annual ‘Banana Skins’ survey of perceived risks to the sector by the Centre for the Study of Financial Innovation (CSFI) and PwC. The UK insurance industry shares the global concern about burgeoning regulation, particularly i

Scottish house prices are up by more than 10 per cent since last year, according to a new report. The average cost of a home in May was £180,892 following a 10.3 per cent increase on the same month in 2014 — twice the annual growth seen in England and Wales.

Hazel Pratt Scottish manufacturers are being invited to have their say on the effect of the engineering skills gap as part of a major industry survey, supported by Bank of Scotland and launched by Henderson Loggie and the other firms which form MHA, the association of accountancy and business adviso

Gregg McClymont Aberdeen Asset Management has appointed former Shadow Pensions Minister Gregg McClymont head of retirement savings.

Sir Howard Davies Taxpayer-backed Royal Bank of Scotland (RBS) has announced the appointment of soon-to-be chairman Sir Howard Davies as non-executive director.

Official statistics released today show unemployment in Scotland is down both quarterly and over the year. For March-May this year, Scotland was the only country of the UK where unemployment fell.

Every home in Scotland is set to receive a letter explaining how the new Scottish Rate of Income Tax (SRIT) will work. HM Revenue and Customs (HMRC) is preparing to issue reminders to all households that they will need to provide up-to-date details of their address to tax officials so they can make

The tax authorities have been slammed by a judge who called their treatment of a dyslexic man “outrageous”. HM Revenue and Customs (HMRC) pursued John Clark of Dunfermline, who has the mental development of a 12-year-old, for £18,000 in unpaid tax.

James Sproule, chief economist at the IoD Inflation as measured by the Consumer Prices Index (CPI) fell back to 0 per cent in June, according to the Office for National Statistics.

Standard Life will hark back to its heritage by naming its new financial planning business after the year the long-term investment savings company was founded. The wholly-owned, UK-wide financial planning business announced in February will be called 1825 and represents a new chapter for Standard Li

Nicky Morgan Prime Minister David Cameron has announced plans to compel large firms and charities to disclose data on the gender pay gap among their employees.

Mark Carney Bank of England governor Mark Carney will appear before MPs today for the first time since the general election in May.