Latest Scotland news

  • Sturgeon: No politician can stand in the way of another independence refere …
    Sturgeon: No politician can stand in the way of another independence refere … 17 hours ago

    SNP leader Nicola Sturgeon has issued a warning to her unionist opponents that "no politician has the right to stand in the way" of another independence referendum if Scotland votes to have a re-run. More »

  • Trump lands, Kim leads at Women's British Open
    Trump lands, Kim leads at Women's British Open Thu, Jul 30, 2015

    TURNBERRY, Scotland (AP) — Donald Trump's show-stealing arrival at the Women's British Open on Thursday upstaged another strong start to a major by South Korea's Hyo-Joo Kim. More »

  • Lawrie advances in own match play tournament Thu, Jul 30, 2015

    ABERDEEN, Scotland (AP) — Former British Open champion Paul Lawrie advanced to the last 32 of the European Tour match play event he is hosting in northern Scotland with a 5-and-4 victory over Romain Wattel on Thursday. More »

  • Trump turns golf trip into extension of campaign trail
    Trump turns golf trip into extension of campaign trail Thu, Jul 30, 2015

    TURNBERRY, Scotland (AP) — Donald Trump turned a brief trip to a golf tournament in Scotland into an extension of his presidential campaign trail when he attended the Women's British Open at his plush Turnberry resort on Thursday. More »

  • Royal Bank of Scotland reports rise in 2nd quarter profits
    Royal Bank of Scotland reports rise in 2nd quarter profits Thu, Jul 30, 2015

    Second-quarter profit at taxpayer-owned Royal Bank of Scotland rose 27 percent, it announced Thursday, but warned the cost of past scandals may continue to weigh on earnings. Net income for the period ... More »

  • Donald Trump 'expects' to win US presidential race
    Donald Trump 'expects' to win US presidential race Thu, Jul 30, 2015

    Businessman Donald Trump has said he expects to win the US presidential race after he flew into Scotland. More »

  • RBS Six-Month Loss As Fines And Charges Hit
    RBS Six-Month Loss As Fines And Charges Hit Thu, Jul 30, 2015

    Restructuring charges and fines took their toll on profitability at Royal Bank of Scotland (RBS) in the first-half of the year. The part-nationalised group, which includes the NatWest and Ulster Bank brands in its stable, made a loss of £153m compared to a profit of £1.4bn in the same period last year. It took a £1.3bn hit for banking scandal fines and costs, including £459m in its second quarter, and also booked a £1.5bn charge in restructuring costs. More »

  • Royal Bank of Scotland reports profits rise
    Royal Bank of Scotland reports profits rise Thu, Jul 30, 2015

    State-rescued Royal Bank of Scotland on Thursday announced a 27 percent rise in net profits for the second quarter, with the sale of US operations offsetting higher exceptional costs. More »

  • Unexpected RBS profit boosts chance of early share sale
    Unexpected RBS profit boosts chance of early share sale Thu, Jul 30, 2015

    By Matt Scuffham and Steve Slater LONDON (Reuters) - State-owned Royal Bank of Scotland (RBS) posted an unexpected profit in the second quarter, benefiting from write-backs on problem loans and boosting its stock ahead of an impending first sale of a chunk of the government's shares. An RBS share sale, following successive disposals of government holdings in Lloyds Banking Group , would mark another milestone in Britain's recovery since the 2007-2009 financial crisis and could contribute billions of pounds to state coffers. Finance Minister George Osborne said earlier this month the Treasury planned to sell at least three-quarters of its 78 percent stake over the next five years and he was keen to kick off the process as soon as possible. More »

  • RBS says not in talks with U.S. authorities over mortgage settlements Thu, Jul 30, 2015

    LONDON (Reuters) - Royal Bank of Scotland is not currently in talks with U.S. authorities to settle claims it misled investors in mortgage-backed securities in the United States, its finance director told reporters. The bank has so far set aside 2.1 billion pounds to deal with the matter and analysts had expected settlements before the end of 2015. "We're not currently in any settlement discussions with U.S. authorities. We would hope and expect that we would enter into discussions over the next 6 to 12 months but we're not currently in any discussions," Ewen Stevenson told reporters. ... More »

  • RBS posts losses of £153m after banking scandal fines
    RBS posts losses of £153m after banking scandal fines Thu, Jul 30, 2015

    Taxpayer-backed Royal Bank of Scotland has dropped back into the red during the first half of its year after taking another £1.3 billion hit for banking scandal fines and warned of more charges to come. More »

  • Donald Trump to fly in for Women's British Open
    Donald Trump to fly in for Women's British Open Wed, Jul 29, 2015

    TURNBERRY, Scotland (AP) — Lizette Salas should be midway through her first round at the Women's British Open on Thursday morning when Donald Trump arrives via helicopter to expected fanfare at his Turnberry resort. More »

  • Park unhappy with qualifying criteria for Olympic golf Wed, Jul 29, 2015

    TURNBERRY, Scotland (AP) — Inbee Park, the top-ranked player in women's golf, has criticized the qualifying criteria for next year's Olympic tournament, saying it will rule out too many of the world's top stars. More »

  • Police Leave Message On M9 Crash Victim's Phone
    Police Leave Message On M9 Crash Victim's Phone Tue, Jul 28, 2015

    Police Scotland has apologised for leaving a voicemail message on a woman's phone 10 days after she died. The force has already faced strong criticism surrounding the death of Lamara Bell, who lay inside a crashed car beside her dead boyfriend for three days . According to her family, she had suffered kidney damage due to dehydration. More »

  • RBS to sell $2.2 billion Citizens shares to take stake below 25 percent
    RBS to sell $2.2 billion Citizens shares to take stake below 25 percent Tue, Jul 28, 2015

    By Steve Slater LONDON (Reuters) - State-backed Royal Bank of Scotland intends to sell up to $2.2 billion (1.41 billion pounds) shares in U.S. bank Citizens , which would cut its stake in that business to less than a quarter. RBS said on Tuesday it would sell 75 million Citizens shares in a public offer, plus an option to sell up to another 11.25 million. If all the shares are sold that would represent 16 percent of Citizens and reduce RBS's holding to 132.7 million shares, or 24.7 percent. More »

  • RBS in talks to sell Indian private banking unit to Sanctum Wealth
    RBS in talks to sell Indian private banking unit to Sanctum Wealth Mon, Jul 27, 2015

    By Sumeet Chatterjee MUMBAI (Reuters) - Royal Bank of Scotland Group Plc is in talks to sell its Indian private banking business to Sanctum Wealth Management, a firm set up by its local private banking business head Shiv Gupta, a spokeswoman for the bank said on Monday. Switzerland's Union Bancaire Privee said in March it was buying the overseas business of British wealth manager Coutts from RBS, as part of the bank's drive to pull back from foreign markets and focus on UK retail and commercial banking. RBS' India private banking business was not part of that deal. More »

  • RBS ends plan to sell UAE transaction services to ADCB - sources
    RBS ends plan to sell UAE transaction services to ADCB - sources Mon, Jul 27, 2015

    By Tom Arnold DUBAI (Reuters) - Royal Bank of Scotland (RBS) has ended its plan to sell its United Arab Emirates cash management and trade finance business to Abu Dhabi Commercial Bank (ADCB), sources familiar with the matter said on Monday. Both RBS and ADCB declined to comment. More »

  • Australia's Rebecca Artis wins Ladies Scottish Open Sun, Jul 26, 2015

    TROON, Scotland (AP) — Australia's Rebecca Artis rallied to win the Ladies Scottish Open, shooting a 6-under 66 on Sunday in windy and rainy conditions for a two-stroke victory over Norway's Suzann Pettersen. More »

  • Salmond: New Scottish Referendum 'Inevitable'
    Salmond: New Scottish Referendum 'Inevitable' Sun, Jul 26, 2015

    Alex Salmond has been accused of "obsessing about a re-run" of the Scottish referendum after he said another vote on independence was "inevitable". Scotland's former first minister argued the only question was the timing, which "was very much in the hands" of his successor Nicola Sturgeon. Voters in Scotland rejected independence by 55% to 45% in last September's referendum. More »

  • Salmond says another Scottish independence vote 'inevitable' Sun, Jul 26, 2015

    The former first minister of Scotland says a second referendum on Scottish independence is "inevitable." Legislator Alex Salmond told BBC Sunday that the British government has not followed through ... More »

  • Hodgson Wants To Lead England To World Cup
    Hodgson Wants To Lead England To World Cup Sun, Jul 26, 2015

    Roy Hodgson says he wants to lead England into their World Cup 2018 qualifying campaign after they were drawn in the same group as old rivals Scotland. England will also face Slovakia, Slovenia, Lithuania and Malta in Group F, but the England manager’s current contract expires after the Euro 2016 finals next July, before the World Cup qualification process begins. "It's not something I want to give up lightly, but if the FA want me to stay on I would be delighted to do so," Hodgson told Sky Sports News HQ. More »

  • Union hanging by a thread, former Scots Secretary Lord Forsyth says
    Union hanging by a thread, former Scots Secretary Lord Forsyth says Sun, Jul 26, 2015

    The Union between Scotland and England is "hanging by a thread", a former Scottish secretary has warned. More »

  • Dates Revealed For England-Scotland Qualifiers
    Dates Revealed For England-Scotland Qualifiers Sun, Jul 26, 2015

    The dates for England and Scotland's epic 2018 World Cup qualifying showdowns have been revealed. The prize will be a place at the 2018 World Cup finals in Russia. England will host Scotland on Friday, 11 November, 2016, UEFA has announced. More »

  • World Cup dates set for England v Scotland
    World Cup dates set for England v Scotland Sun, Jul 26, 2015

    England and Scotland will play their 2018 World Cup qualifier at Wembley on a Friday night, the English Football Association announced on Sunday. More »

  • Suzann Pettersen takes Ladies Scottish Open lead Sun, Jul 26, 2015

    TROON, Scotland (AP) — Suzann Pettersen shot a 2-under 70 in windy conditions Saturday to take a two-stroke lead in the Ladies Scottish Open. More »

  • Scotland rivalry sparks Hodgson's imagination
    Scotland rivalry sparks Hodgson's imagination Sat, Jul 25, 2015

    England boss Roy Hodgson believes his side's pairing with Scotland for the 2018 World Cup qualifiers will provide clashes of an intensity rarely seen in the preliminary stages. More »

  • Ex-World Cup winners Spain, Italy to play in 2018 qualifying
    Ex-World Cup winners Spain, Italy to play in 2018 qualifying Sat, Jul 25, 2015

    ST. PETERSBURG, Russia (AP) — Relief for Germany. Apprehension for Spain, Italy, France, and the Netherlands. And England resuming international football's oldest rivalry with Scotland. More »

  • England drawn with Scotland in World Cup qualifying draw
    England drawn with Scotland in World Cup qualifying draw Sat, Jul 25, 2015

    England will renew one of the oldest rivalries in football against Scotland in qualifying for the 2018 World Cup in Russia after they were paired together at a lavish ceremony on Saturday. More »

  • Ko, Pettersen tied for lead in Ladies Scottish Open Fri, Jul 24, 2015

    TROON, Scotland (AP) — Lydia Ko and Suzann Pettersen shared the first-round lead at 4-under 68 on Friday in the Ladies Scottish Open. More »

  • Rotting Fungus Creates Beautiful, Glistening 'Hair Ice'
    Rotting Fungus Creates Beautiful, Glistening 'Hair Ice' Fri, Jul 24, 2015

    Alfred Wegener, famous for his continental drift theory, first identified and studied hair ice in 1918. "The same amount of ice is produced on wood with or without fungal activity, but without this activity, the ice forms a crustlike structure," Christian Mätzler, a co-author of the study and professor emeritus at the Institute of Applied Physics at the University of Bern in Switzerland, said in a statement. Researchers blamed the century-long delayed explanation for how hair ice grows on its ephemeral nature and northern range — the glimmering threads grow predominately at latitudes between 45 and 55 degrees north through countries including Canada, France, Germany, India, Ireland, the Netherlands, Russia, Scotland, Slovenia, Sweden, Switzerland, the United States and Wales. More »

  • Argentina's Grillo thriving in short PGA Tour stint
    Argentina's Grillo thriving in short PGA Tour stint Fri, Jul 24, 2015

    By Tim Wharnsby OAKVILLE, Ontario (Reuters) - Argentina's Emiliano Grillo continued to make the most of his limited time on the PGA Tour as he snatched the first-round lead at the Canadian Open on Thursday. The 22-year-old, who plays full-time on the European Tour, followed up his top-10 showing at the Barbasol Championship in Alabama last week with a bogey-free, eight-under 64 to finish a stroke in front of Americans Vaughn Taylor and Brian Harman. Grillo, who learned the game on the same course as his compatriots Jose Coceres and Fabian Gomez, did not qualify for last week's British Open in Scotland and instead accepted an invite to play in the Barbasol event. More »

  • RBS sells non-performing loan portfolios
    RBS sells non-performing loan portfolios Thu, Jul 23, 2015

    Royal Bank of Scotland has agreed two separate disposals of non-performing loans as part of a continued sale of unwanted assets that has so far seen 1 trillion pounds shed from its balance sheet. The state-backed lender said it will sell a 1.14 billion pound loan portfolio to an entity funded by Deutsche Bank and funds affiliated with Apollo Global Management for 400 million pounds in cash. It was valued by the bank at 376 million pounds and RBS said it made a 24 million pound profit from the sale. More »

  • TSB urges rethink of banking surcharge
    TSB urges rethink of banking surcharge Thu, Jul 23, 2015

    TSB Banking Group , being bought by Spain's Banco Sabadell for $2.5 billion (£1.60 billion), has urged British finance minister George Osborne to rethink his banking surcharge if he wants to encourage the growth of smaller "challenger" banks. British lawmakers and regulators want to break the dominance of Lloyds Banking Group , from which TSB was spun off last year, Royal Bank of Scotland , Barclays , HSBC and the UK arm of Spain's Santander . Together those five control more than four out of five personal current accounts in Britain, but Osborne's taxes on banks have already been attacked by the industry as harming their ability to lend. More »

  • Lloyds shareholders win court fight over disclosure of HBOS legal advice
    Lloyds shareholders win court fight over disclosure of HBOS legal advice Wed, Jul 22, 2015

    Lloyds has been told it must hand over legal advice related to its disastrous takeover of Halifax Bank of Scotland (HBOS) in a victory for disgruntled shareholders mounting a £350 million legal claim. More »

  • Lloyds must release legal advice ahead of HBOS takeover hearing - judge
    Lloyds must release legal advice ahead of HBOS takeover hearing - judge Wed, Jul 22, 2015

    By Matt Scuffham LONDON (Reuters) - Lloyds Banking Group must release details of legal advice it received in the run-up to its takeover of Halifax Bank of Scotland (HBOS) during the banking crisis in 2008, a judge in London's High Court of Justice ruled on Wednesday. The Lloyds Shareholder Action Group, which is represented by law firm Harcus Sinclair, includes 5,700 private investors and 300 financial institutions such as pension funds and insurers. The investors say they were not told HBOS was receiving emergency support from the Bank of England and U.S. Federal Reserve and were unaware of a 10 billion pound loan made to HBOS by Lloyds to prevent it from collapsing. More »