In Full

Business in Full

Nine in a row as RBS posts annual loss and flags job cuts

Royal Bank of Scotland (RBS) has reported a £7 billion annual loss and announced a major cost-cutting drive expected to result in large-scale job losses.

RBS has posted a loss for the ninth year in a row

Thousands of jobs at risk as RBS posts £7 billion loss

Royal Bank of Scotland (RBS) has reported a £7 billion annual loss, its ninth consecutive year in the red.

Financial 37
Tax is an issue with many offshore-linked limited partnerships. Picture: John Devlin

James McGachie: Reform needed to keep financial reputation

They have been around for more than 100 years, but until the last decade Scottish Limited Partnerships (SLPs) were generally only in use in private equity and investment funds, their tax status and corporate status viewed as attractive to those in legitimate financial activities.

The Scottish Government is  ready to look into the prospect of taking over vital North Sea platforms and pipelines to help support the industry through the current price slump. Picture: Andrew Milligan/PA Wire

Leader comment: Beware governments buying businesses

It is stated regularly in these columns that the economy is likely to get worse following Brexit, and that the indicators show now, as we wait for the full import of leaving the EU to bite, that the Scottish economy is lagging behind the UK economy.

Opinion 2
Aldi is moving into the former BHS store at Edinburgh's Cameron Toll shopping centre. Picture: Julie Bull

Aldi to set up shop in former BHS store in Edinburgh

The former BHS department store in Edinburgh’s Cameron Toll Shopping Centre is to become home to a supermarket, it was announced today.

A parliamentary report found meddling ministers had an impact on energy prices. Picture: John Devlin

Energy price rises blamed on meddling ministers, finds report

Electricity prices have soared because of constant meddling in the energy sector by successive governments, a Parliamentary report has found.

News 3
Public buyouts of vital North Sea platforms and pipelines could support the industry through the current slump. Picture: PA

SNP in talks over public buyouts of North Sea platforms

The Scottish Government is ready to look into the prospect of public buyouts of vital North Sea platforms and pipelines to support the industry through the current slump.

Politics 63
Picture: Wikimedia

How to turn your house into the smarthome

It has been envisaged everywhere from science fiction to satire to housekeeping magazines.

The headquarters of the London Stock Exchange. Picture: Sang Tan/AP

Thursday market close: Warning from Barclays takes Footsie lower

London’s top-flight index swung into the red as investors took a dim view of Barclays despite the banking giant posting a significant surge in profits.

Markets Economy 5
New directors, editors, actors, producers and writers have been trained up to work on the BBC Alba drama Bannan.

New film and TV talent school to be created on Skye

The Skye-based producer of the Inbetweeners is to set up a new foundation to help rear the next generation of film and TV talent in Scotland - inspired by Hollywood legend Robert Redford’s own initiative in the United States.
TV & Radio
Macfarlane saw its annual profits drive up 15%. Picture: Contributed

Macfarlane eyes more deals following jump in profits

Packaging and distribution group Macfarlane today said it was on hunt for more acquisition opportunities as it unveiled its seventh consecutive year of profit growth.

Companies 1
The Lidl distribution centre could help the grocer create up to 360 jobs. Picture: Contributed

Lidl jobs boost in store as Eurocentral hub approved

Supermarket chain Lidl has been given the green light to develop its new regional distribution centre (RDC) at Eurocentral off the M8.

Retail 1
The National Museum of Scotland has seen a surge of visitors since 10 new galleries opened last summer.

National Museum topples Edinburgh Castle as busiest attraction

The National Museum of Scotland has reclaimed top spot from Edinburgh Castle as the nation’s busiest attraction, as booming visitor numbers were reported across the country.

Media & Leisure 7
Colin Parker is retiring after 30 years with Aberdeen Harbour Board. Picture: Contributed

Aberdeen Harbour boss to retire after 30-year stint

Colin Parker, the chief executive of Aberdeen Harbour Board, is to retire after three decades with the team.

Scottish Gas has frozen its standard tariff until August. Picture: John Devlin

Scottish Gas owner Centrica reveals rise in earnings

Scottish Gas owner Centrica has fuelled further controversy over energy prices after reporting another profit rise at its supply business.

A British man is accused of masterminding a cyber attack. Photo: File photo

British man accused of masterminding German cyber attack

A British man accused of being the “mastermind” of a major cyber attack on a German telecoms giant has been arrested.

Free-spending shoppers have been underpinning economic growth, but a slowdown is looming. Picture: Ian Georgeson

Economy facing slowdown as confidence wanes

Latest GDP statistics are something of a curate’s egg and suggest that the momentum may be coming out of the British economy, discovers Scott Reid.

Markets Economy
Barclays has sold off unwanted businesses to focus on its UK and US operations. Picture: Leon Neal/AFP/Getty Images

Barclays profits almost treble as overhaul nears end

Barclays boss Jes Staley said the bank is “just months away” from completing an overhaul as he unveiled a surge in annual profits.

Andrea Leadsom will meet fellow farming ministers in Edinburgh today. Picture: Joe Giddens/PA Wire

Andrea Leadsom set for clash with Holyrood over Brexit

The UK’s four farm ministers meet in Edinburgh today to start work on farm policies that will operate in this country after it leaves the European Union.

Farming 46
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