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....Instead the bank is mired in a public battle with TV celebrity Noel Edmonds – one of the victims – who accuses Lloyds of creating a “sham” compensation process which lacks transparency. Edmonds is also calling on Professor Russel Griggs, the Scottish businessman appointed as independent reviewer of the compensation process, to quit. ... [Read full article on Guardian ]
Monday 26th of June 2017 05:07:52 PM
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Latest Finance News related to Scottish Business

HBOS fraud victims go unpaid as Lloyds battles Noel Edmonds image
Source : Guardian [Read Article] Monday 26th of June 2017 05:07:52 PM
....Instead the bank is mired in a public battle with TV celebrity Noel Edmonds – one of the victims – who accuses Lloyds of creating a “sham” compensation process which lacks transparency. Edmonds is also calling on Professor Russel Griggs, the Scottish businessman appointed as independent reviewer of the compensation process, to quit. ...
Standard Life  and Aberdeen Asset Management confirm merger talks image
Source : Guardian [Read Article] Sunday 5th of March 2017 05:57:06 PM
.... Analysts expect middle and back-office roles to be cut as a result of the deal, but a number of senior investment managers have left Henderson amid concerns over cultural differences between the two firms. Cultural differences will be less of an issue for two Scottish businesses, but any office closures and job losses will trigger concerns north of the border. ...
Call for Scots unity over single market membership image
Source : BBC [Read Article] Sunday 13th of November 2016 12:06:21 AM
....Scottish Conservative leader Ruth Davidson has previously pledged to argue for "the greatest amount of access to the single market" possible post-Brexit. Following a meeting at Downing Street in July, Ms Davidson said she had discussed the importance of the single market to Scottish business with Theresa May. ...
Scottish government backs Heathrow expansion image
Source : BBC [Read Article] Monday 10th of October 2016 06:12:32 AM
....John Holland-Kaye, chief executive of Heathrow Airport, said: "It would facilitate more airlines flying routes to Scottish airports, meaning more flights, more competition and choice for families and businesses across the nation. That also means more visitors to Scotland, more destinations for Scottish tourists and more opportunity for Scottish businesses to reach new export markets. ...
Rates revolution image
Source : BBC [Read Article] Thursday 29th of September 2016 11:03:07 PM
....". While the new rateable values for England and Wales are announced on Friday, Scottish businesses will have to wait until January for theirs. ...
How business votes: from indyref to Brexit image
Source : BBC [Read Article] Wednesday 17th of February 2016 11:56:56 AM
.... Brad MacKay and Owen Kelly have authored some important reflections and advice for business, as the Brexit vote hurtles towards them. Brad MacKay is a Canadian at Edinburgh University Business School, where he amassed data and views from in-depth interviews with Scottish business leaders during the indyref campaign. ...
Tata Steel eyes sale of long products business to investment group image
Source : Guardian [Read Article] Tuesday 22nd of December 2015 01:34:21 PM
....Community, the steel workers’ union, said it was unhappy that no plan was announced to save jobs at the Scottish plate mills, where 70 workers lost their jobs last week and more face redundancy. The Scottish business minister, Fergus Ewing, said: “Our primary aim is to secure a future for Scottish steel. ...
Upmarket fabric maker counts cost of Storm Desmond image
Source : Guardian [Read Article] Monday 14th of December 2015 10:49:27 AM
....Accountancy firm PricewaterhouseCoopers has estimated the cost of damage done by Storm Desmond at £500m – almost double the cost of the floods that hit the UK six years ago. Stagecoach, the rail and bus operator, said last week its bus service in Cumbria and the north-west of England was under water and that Storm Desmond had also hurt its Scottish business. ...
Scotland sets sights on trade with Iran image
Source : BBC [Read Article] Friday 16th of October 2015 08:43:03 PM
....But future ties between the two countries may go beyond oil. Mr Salmond said he was taking a delegation of Scottish business leaders to Tehran shortly to promote cooperation in agricultural technology among other areas. ...
Scottish economy 'thriving' - report image
Source : BBC [Read Article] Monday 10th of August 2015 12:08:29 AM
.... . The research by accountants and business advisors BDO pointed to a rise in output levels as evidence of a "summer of success" for Scottish businesses. ...
Fund to target whisky fans in China image
Source : BBC [Read Article] Sunday 26th of July 2015 01:01:39 AM
....1m). During her trade visit, Ms Sturgeon will promote Scottish business, including hosting an "innovation showcase" for Scottish companies to meet with Chinese investors. ...
Rates 'burden' for tourism industry image
Source : BBC [Read Article] Monday 29th of June 2015 08:17:30 AM
....8bn in Scotland. It is currently being reviewed in England, and has faced criticism from the Scottish business sector for having little link to the ability to pay. ...
Minister invite in wind subsidy row image
Source : BBC [Read Article] Wednesday 24th of June 2015 11:29:17 AM
....The decision to end the subsidies was a Conservative manifesto commitment. But Mr Ewing said the move would disproportionately affect Scottish business and jobs. ...
Investment stalls amid oil price slump, says EEF image
Source : Telegraph [Read Article] Monday 1st of June 2015 04:00:47 AM
.... . Scottish businesses have been hardest hit by the near 50pc drop in oil prices since last June, which has triggered a collapse in oil and gas production, the EEF said. ...
Sturgeon attacks UK spending cuts image
Source : BBC [Read Article] Tuesday 26th of May 2015 11:36:57 AM
....He said: "I pay more than the living wage, but that is not the point. To be able to pay the living wage, you have to get more efficiency into Scottish businesses. ...
SABMiller buys UK craft brewer Meantime image
Source : Telegraph [Read Article] Friday 15th of May 2015 06:27:43 AM
.... . BrewDog, another craft brewer, recently raised money from crowdfunding that valued the Scottish business at around 115 times earnings. ...
Rangers: Douglas Park promises Ibrox cash probe image
Source : BBC [Read Article] Monday 9th of March 2015 09:30:30 AM
.... . Whyte had taken control after handing former owner and fellow Scottish businessman Sir David Murray a token £1 fee in May 2011. ...
RBS turns Goodwin's opulent executive wing into small business hub image
Source : Telegraph [Read Article] Wednesday 4th of March 2015 04:33:41 PM
.... . The bank, almost destroyed by an acquisition binge by Mr Goodwin in the run-up to the financial crisis, said the new centre would bring together key Scottish business organisations and entrepreneurs to support economic growth. ...
Sandy Easdale increases Rangers stake as Murray predicts change image
Source : BBC [Read Article] Tuesday 20th of January 2015 07:27:05 AM
.... . The Scottish businessman has taken out lifetime memberships of the Rangers Supporters Trust and Rangers First, two groups that hold shares in Rangers International Football Club. ...
Magners cider maker lacks Spirit but keeps pubs on target  image
Source : Daily Express [Read Article] Thursday 30th of October 2014 12:00:00 AM
....1million. Its core Irish and Scottish businesses produced forecast-beating operating profit but in England and Wales it was down nearly 37 per cent on the same period last year. ...
BHP Billiton boss rejects WA premier's claims of 'flawed' iron ore strategy image
Source : Guardian [Read Article] Thursday 23rd of October 2014 09:36:31 PM
....Mackenzie said that while productivity gains meant BHP’s production would creep up, the miner had no plans to invest in any major iron ore projects going forward. The Scottish businessman said it would be a “very dangerous game to play” to leave iron ore in the ground assuming prices would rise at some point. ...
Scottish independence: A tale of two financial centres image
Source : BBC [Read Article] Tuesday 16th of September 2014 11:02:29 PM
...."London will become somewhat busier than it was before," he says. "Some Scottish businesses and also Scottish people will move. ...
Scotland independence and the Quebec effect: Risks in Yes and No image
Source : Independent [Read Article] Tuesday 16th of September 2014 07:21:22 PM
....The former RBS chairman Sir George Mathewson said independence was “an opportunity, not a threat” for Scotland’s financial sector. One thing is for sure: pro-independence politicians seriously underestimate the amount of extra work and costs they are causing for Scottish businesses big and small which have to prepare for all eventualities. ...
Flow of money to English banks from Scotland 'raises eyebrows' in Cumbria image
Source : Guardian [Read Article] Tuesday 16th of September 2014 05:00:20 AM
. "Eyebrow-raising" numbers of Scottish businesses are moving their money across the border and into English bank accounts, according to the Cumbria Chamber of Commerce. ...
Scottish independence: Business group urges post-vote unity image
Source : BBC [Read Article] Monday 15th of September 2014 03:39:42 PM
. A leading Scottish business group has called for the country to unite "to drive Scotland forward", whatever the result of the independence referendum. ...
Scottish independence: Commerzbank says worst case economic scenarios 'exaggerated' image
....Even if UK-wide companies such as retailers did see a tailing off of sales north of the border, that would not be replicated in other parts of the UK, he said. “Naturally, their Scottish businesses may suffer an uncertainty shock which will impact on local trading operations… but large parts of their business will continue to operate unscathed. ...
Scotch lovers, watch out: independence could hurt image
Source : Telegraph [Read Article] Monday 15th of September 2014 04:30:51 AM
.... Other representatives of the Scotch sector have spoken out against secession, too. Last month, 120 Scottish business leaders signed an open letter arguing that “the business case for independence has not been made. ...
'Brand Britain' is powerful for businesses image
Source : Telegraph [Read Article] Saturday 13th of September 2014 02:34:32 PM
.... . Scottish businesses can draw on the UK’s established trade networks and reputation in seeking out new international opportunities. ...
Scotland's biggest companies reveal Yes exodus plans image
Source : Telegraph [Read Article] Thursday 11th of September 2014 09:17:48 PM
.... “Weir will only continue to be based here if the business environment which has helped Weir grow into a truly global company continues to support our ambitions,” said Mr Cochrane. He said that, in the event of a Yes vote, Scottish businesses would need quick answer to issues around currency, taxation and Scotland’s membership of the European Union. ...
Scottish independence: which businesses are in the yes or no camp? image
Source : Guardian [Read Article] Wednesday 10th of September 2014 10:48:49 AM
.... Along with more than 130 other business leaders, he has firmly placed himself in the no camp. The pro-independence campaign group Business for Scotland said it “has 2,500 members who run businesses in Scotland, employ people across the country in a range of industries, and all believe that Scottish independence is in the best interests of Scotland and Scottish business. ...
Whisky galore for Glenfiddich owner with Drambuie purchase image
Source : Daily Express [Read Article] Tuesday 9th of September 2014 10:08:00 AM
. Glenfiddich owner Grant paid an undisclosed sum for the Scottish business, which was put up for sale earlier this year with a mooted £100million price tag by the MacKinnons, who have owned the rights since 1914. ...
Four tips for small firms should Scotland gain independence image
Source : Telegraph [Read Article] Monday 8th of September 2014 04:40:04 PM
. Scottish independence is an area of huge uncertainty, particularly for English and Scottish businesses that could suddenly find themselves international exporters after the secession vote on September 18. ...
Small Talk: After two years of debate the effect on small businesses of a Yes vote in Scotland remains a guessing game image
.... But by the summer, two-thirds of small and medium-sized business reckoned independence would make no difference to them, according to a survey by the networking group Vistage. Similarly, the 130 Scottish business leaders who last month signed an open letter urging a No vote were more than matched by the 200 of their peers who put their names to a different letter advocating independence. ...
Savers' money at risk if Scotland votes Yes image
Source : Daily Express [Read Article] Sunday 7th of September 2014 02:35:00 PM
.... That would be difficult, as Scotland's banking assets are worth more than 1,200 times the value of its economy. Royal Bank of Scotland, Lloyds Banking Group, Standard Life and other leading Scottish businesses are working on contingency plans to relocate to England should the Yes campaign succeed, due to the uncertainty and risks it poses. ...
Scotland should not, and will not, survive alone image
Source : Telegraph [Read Article] Saturday 6th of September 2014 05:45:30 PM
.... That, after all, is the only route to the true independence the SNP says it wants. A separate currency, though, would be costly to Scottish business and, during the early uncertainty, the exchange rate would be extremely volatile, with capital likely to flee. ...
Small firms making big claims for Scottish independence image
Source : Telegraph [Read Article] Sunday 31st of August 2014 06:10:57 AM
Scottish independence: CBI chairman warns of 'enormous' risks with a Yes vote image
.... Sir Mike's speech was delivered hours after more than 200 pro-independence business figures hit back at claims that the case for leaving the UK had not been made. Figures including Sir Brian Souter, the chairman of Stagecoach, insisted independence would benefit Scottish businesses. ...
Pro-independence Scottish business leaders hit back in open letter image
Source : Telegraph [Read Article] Thursday 28th of August 2014 07:40:31 AM
.... . In a letter to the Herald newspaper, figures including Ralph Topping, the retired chief executive of William Hill, former RBS chairman Sir George Mathewson, Stagecoach chairman Sir Brian Souter and Clyde Blowers boss Jim McColl insisted independence would benefit Scottish businesses. ...
Scottish independence: Cameron promises more powers for Scotland 'soon' image
....Mr Cameron said: "The right choice for business, the right choice for Scotland's economy and the right choice for Scotland's people is to stay within the United Kingdom. "It gives Scottish business the opportunity of trading throughout the United Kingdom and the single European market. ...
More than 100 Scottish business leaders 'wanted to sign pro-UK letter but feared SNP backlash' image
. More than a hundred Scottish business leaders wanted to sign a letter backing the Union but stayed silent because they feared "consequences" from the SNP Government, it has been claimed. ...
Speaking out against Scottish independence has become an act of bravery image
Source : Telegraph [Read Article] Wednesday 27th of August 2014 08:14:42 PM
.... . The fact that so many Scottish business people are terrified of the possible consequences of backing the unionist case, even though all of the opinion polls show that the majority of Scots don’t want to secede from the United Kingdom, confirms that something has gone very wrong. ...
Scottish business leaders say 'case for independence has not been made' image
Source : Telegraph [Read Article] Wednesday 27th of August 2014 06:33:18 AM
.... Mr Cochrane, an outspoken critic of Scottish independence who has spent weeks persuading businessmen to sign the letter, told the BBC on Wednesday: “This is about business informing the debate. What we are seeking to do is highlight the concerns of real businesses, business with tens of thousands of employees, businesses representing all facets of Scottish business life to ensure those concerns can be taken on board by the voters. ...
Scottish independence: Firms question 'Yes' vote business case image
Source : BBC [Read Article] Tuesday 26th of August 2014 09:17:41 PM
....Supporters of an independent Scotland point to their own supporters from business and economics. Business for Scotland said in a statement: "Business for Scotland has 2,500 members who run businesses in Scotland, employ people across the country in a range of industries, and all believe that Scottish independence is in the best interests of Scotland and Scottish business. ...
Scottish business leaders prepare to unite against independence image
Source : Telegraph [Read Article] Thursday 21st of August 2014 07:30:42 PM
.... . The full list, the names and details of which have not been confirmed but will be revealed next week, follows months of frustration among pro-union supporters over the relative silence of Scottish business leaders. ...
Questions over value of Scotland's oil highlighted by Sir Ian Wood forecast image
.... The Office for National Statistics had earlier estimated the value of untapped reserves to the UK Treasury to be closer to £120bn. And yet as recently as this week a Scottish business thinktank, N-56, said the figure could be as high as £365bn, if a series of new policy recommendations were implemented. ...
Yes or no, Scots will 'just get on with it', says Scotland's first billionaire image
. Scottish business will "just get on with it" whatever its people decide on independence, according to Ayrshire-born tycoon Sir Tom Hunter who is backing a fund to support entrepreneurial start-ups. ...
Scottish yes vote on independence could lead to currency limbo, say MPs image
. A yes vote for independence would break up the UK single market and in the short-term could leave Scottish businesses uncertain of their position in Europe, the all-party business select committee has said in a report. ...
New internet domain .scot launches image
Source : BBC [Read Article] Tuesday 15th of July 2014 04:11:27 PM
....Earlier, Deputy First Minister Nicola Sturgeon welcomed the launch. "It is entirely right that Scotland should have its own distinctive and recognisable internet domain - in particular, one that will resonate internationally, helping to promote Scottish business and culture throughout the world," she said. ...
Glasgow 2014: Firms warned over unauthorised marketing image
Source : BBC [Read Article] Friday 11th of July 2014 11:19:43 PM
.... . "Scottish businesses who may have 'chanced' it during the 2012 Olympics will find the policing of the Commonwealth Games branding right on their doorstep this year. ...
Rangers: HMRC loses appeal over ruling in Big Tax Case image
Source : BBC [Read Article] Wednesday 9th of July 2014 09:19:13 PM
....Rangers began using the EBT scheme while under the control of Sir David Murray. He sold the club for £1 to Scottish businessman Craig Whyte in 2011, while the tax liability was in dispute. ...
We can't afford not to talk about Scottish independence  image
Source : Telegraph [Read Article] Saturday 14th of June 2014 08:00:23 PM
.... . Perhaps not wanting to follow CBI Scotland's path – the lobby group mistakenly registered itself in favour of the 'No' campaign – or perhaps for fear of alienating customers, Scottish businesses appear to have decided that staying out of the debate is the best option. ...
Whisky maker Diageo fears impact of Scottish independence image
Source : Guardian [Read Article] Friday 30th of May 2014 10:20:25 AM
.... "We're there to stay. " Other major firms, including the mortgage and investment firm Standard Life, have warned they will move large amounts of their non-Scottish business to England if there is a yes vote. ...
New doubt cast over Alex Salmond's claims of Scottish wealth image
Source : Guardian [Read Article] Thursday 29th of May 2014 08:15:34 PM
....An analysis by the Guardian of 157 financial services companies registered in Scotland suggests most money is created by businesses owned in England and overseas. Accounts filed at Companies House of more than 150 Scottish-registered banks and financial services companies show only £17bn of the £51bn UK revenue generated from the Scottish sector was attributable to “pure” Scottish businesses owned, headquartered and registered in Scotland. ...
Scotland experiences start-up boom image
Source : Telegraph [Read Article] Wednesday 21st of May 2014 05:00:21 AM
.... During the previous 12 months, start-up incorporations grew just 5. 9pc, according to research by Scottish business incubator Entrepreneurial Spark. ...
Uncertain EU future and the Scottish referendum harming investment image
Source : Guardian [Read Article] Tuesday 20th of May 2014 11:41:45 PM
....". Business secretary Vince Cable said: "It's right to highlight that leaving the UK could present sizeable risks to Scottish businesses. ...
Scottish independence: 'Most non-Scots firms back Union' image
Source : BBC [Read Article] Tuesday 6th of May 2014 11:51:00 PM
...." . The latest findings came after a survey of 759 Scottish businesses by the Scottish Chambers of Commerce said more than half rated the level of debate so far as "poor" or "dismal". ...
Scottish independence: Moody's predicts Scotland would get an 'A' credit rating image
....However, it said the "cross-party opposition" of the Conservatives, Labour and Liberal Democrats made such a currency union "unlikely". Responding to the Moody's report, Danny Alexander, the chief secretary to the UK Treasury said: "As part of the UK, Scotland can avoid a double downgrade for its credit rating and maintain lower borrowing costs for Scottish businesses and families. ...
Industry highlights Scottish vote risks image
Source : Telegraph [Read Article] Saturday 12th of April 2014 10:38:23 PM
.... . ADS member Raytheon, a US company which has significantly invested in its Scottish business, said uncertainty posed “risks and challenges”. ...
Scottish independence poses 'substantial risks', says Weir Group image
Source : Telegraph [Read Article] Thursday 3rd of April 2014 01:23:42 PM
.... SNP minister rejects deal for Scotland to keep the pound . Declining North Sea oil revenues and a more rapidly ageing population means a separate Scotland would likely “need to tax Scottish business overall more heavily”, it concluded. ...
Scottish independence: small firms split over impact image
Source : Telegraph [Read Article] Sunday 30th of March 2014 11:01:18 PM
.... . "However, it is going to be a close decision with many reacting against what they perceive to be status quo in which their needs as Scottish businesses are not reflected or taken into account. ...

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