News

Angela Hickmore The number of new financial services jobs available in Scotland's largest cities has increased by more than 20 per cent since the independence referendum, according to a new report.

The Nationwide Building Society has reported a 54 per cent rise in annual pre-tax profit to £1.04bn. The building society reported £677m a year earlier and the result sees Nationwide return to its position of the UK's second largest mortgage lender.

A global cigarette and tobacco company is targeting Holyrood as it launches the largest corporate compensation case in history over plain packaging legislation. Philip Morris will reportedly issue proceedings by Tuesday as it seeks between £9 billion and £11 billion from the UK and Scottish govern

From left: Lindsay Darroch, partner, Blackadders LLP; Campbell Clark, partner Blackadders LLP; Marjory MacDonald; Johnston Clark (managing partner, Blackadders LLP Angus legal firm Marjory MacDonald Solicitors is to merge with Blackadders LLP on 22 May.

Defence firm BAE Systems is to invest more than £100 million in improving and expanding its Govan and Scotstoun sites.

Creditors of Dundee building company Muirfield Contracts have agreed to continue with the firm’s winding down after a crunch meeting mediated by administrators Campbell Dallas.

More job losses have been announced by administrators at Fife-based paper maker Tullis Russell. KPMG announced the news as it confirmed that it had failed to attract a buyer before this Monday’s deadline.

Blair Nimmo Espionage, the nightclub business with premises in Edinburgh and Aberdeen has been sold 10 months after it was put into administration.

John Atkinson and Simon Cowie Accord Tax and Accountancy is merging with Infinity Partnership to create an Aberdeen firm serving more than 1,000 clients.

The Royal Bank of Scotland is to close two of its Edinburgh branches this year along with a host of others across Scotland. The 80 per cent state-owned lender will close Capital branches at Goldenacre and Tollcross, as well as West Blackhall Street in Greenock.

Warren Mead The UK challenger banking sector is outperforming the ‘Big Five’ UK high street banks, according to a new KPMG report.

Perth-based energy supplier SSE, the UK's second biggest company, has reported a 39 per cent increase in profits to £456.8 million for the year to March 31. The performance comes despite the firm admitting that it lost more than 500,000 customer accounts in the last year and its pledge to freeze bi

An abandoned Edinburgh market that has lain derelict for 14 years will finally be redeveloped, with diggers set to move on to the site by the end of the month after Royal Bank of Scotland reached agreement with a developer.

Cash was overtaken by non-cash payments for the first time ever last year. Figures published today by the Payments Council show that payments made in cash by consumers, businesses and financial organisations in the UK fell to 48 per cent last year (from 52 per cent in 2013).

John Hume Dutch Barge Scottish Canals has announced that the number of Scots living and working on the nation’s canals has quadrupled since the launch of its Living on Water initiative three years ago.