News

Edinburgh’s controversial trams system lost less during its first months of operation than has previously been anticipated. Having been launched at end of May last year, after six years of disruption and cost increases, the service lost almost £450,000 in 2014.

New research from PwC has revealed that people want their pensions to be treated more like Individual Savings Accounts. Over half of Scots surveyed say tax relief on pension contributions should be scrapped and replaced with tax-free pension payments in retirement – the strongest point of view amo

Union Street, Aberdeen. The value of commercial property transactions in Aberdeen reached £201million in the second quarter of 2015, a three-year high for the Granite City.

Business leaders throughout Edinburgh and the South East of Scotland are being urged to pledge their support for a proposal designed to accelerate growth in the region. A bid for a £1bn City Region deal is being developed for submission to the Westminster and Scottish governments in early September

Les Matheson The head of retail banking at Royal Bank of Scotland has come out in defence of the 73 per cent taxpayer-owned lender’s decision to end promotional, or ‘teaser’ rates on their financial products.

Royal Bank of Scotland is among nine global banking giants that have agreed to pay $2bn (£1.3bn) in settlements to US investors over claims the firms rigged foreign exchange rates. According to the BBC, the RBS is joined by HSBC, Barclays, BNP Paribas, Bank of America, JP Morgan, Citibank, Goldman

Edinburgh-based urban regeneration specialist Sigma Capital has raised £20 million through a share placing to build its own portfolio in the private rented sector (PRS). The initiative follows the Edinburgh-based firm’s existing PRS joint venture agreements with Gatehouse Bank and Grainger.

Mayank Patel An entrepreneur who launched his currencies trading business with £4,250 of start-up capital has just sold it for more than £200 million to the private equity firm that is buying RBS spin-off bank Williams & Glyn.

Edinburgh-based Aegon UK’s latest results have shown its platform enjoyed more than £1 billion of inflows during the second quarter of 2015. News of the swelling of assets on the platform to £4.6bn came in the firm’s Q2 2015 results, published this morning, which cited a combination of new mon

Controversial plans to build a new hotel at the heart of Edinburgh's new St James commercial centre development have been given the green light, despite concerns that its centrepiece ‘ribbon’ design could “damage” the city’s skyline.

The UK’s most northerly distillery, The Shetland Distillery Company will next month launch the first ever single malt Scotch whisky bottled in Shetland. First revealed last year, the Shetland Reel single malt Scotch whisky has been distilled in Portsoy, Aberdeenshire, before being bottled in Unst,

Latest data from the Council of Mortgage Lenders (CML) has revealed that low interest rates have kept the number of homes repossessed in the UK falling during the course of the second quarter of the year. The CML said that 2,500 homes were repossessed in April, May and June, down from 3,000 in the p

Royal Bank of Scotland has handed out more than £3.3 million in shares to its top ten executives. The awards pay out over the next five years, but chief executive Ross McEwan has already pledged to give his to charity.

Judith Howson Scots accountancy firm French Duncan has appointed Judith Howson, former assistant director at Deloitte, as a senior manager in its Business Recovery and Insolvency Services department.

John Swinney Almost £18 million of funding is being made available to accelerate high speed broadband roll-out for Scotland’s rural communities.