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Aberdeen City Council is seeking damages from US sportswear brand Under Armour after a local government pension fund lost millions of pounds. The North East Scotland Pension Fund (NESPF) administers a scheme for 71,000 workers including Aberdeen, Aberdeenshire and Moray council staff.

The Financial Conduct Authority (FCA) has today announced that it has commenced criminal proceedings against NatWest Plc in respect of offences under the Money Laundering Regulations 2007 (MLR 2007). The FCA alleges that the Royal Bank of Scotland owner failed to adhere to the requirements of r

Applications to Scottish EDGE’s latest funding round are up by 24%, with the record 305 applications for the 17th round of EDGE in May indicating a high level of business activity on Scotland’s startup scene. Scottish EDGE is the UK's biggest business funding competition. Since bein

An investigation has been launched into how £3.3 million has had to be refunded to thousands of savers as a Barrhead-based community bank collapsed two years after auditors cast doubt over its future as a going concern. Pioneer Mutual Credit Union went into insolvency and had failed to provide

The average number of properties for sale in some parts of Scotland has fallen by almost a quarter since their peak in November according to property firm apropos. The letting firm has analysed data which shows that the number of advertised properties on the Scottish market has fallen by 22.3% over

Yorkshire Building Society is set to become the first mainstream lender to relaunch 95% mortgages. The relaunch comes nearly a year after the coronavirus pandemic sparked a trend amongst banks and lenders which saw them withdraw low-deposit loans. Currently, there are only five 95% loan-to-value (LT

Aberdeen Standard Investments (ASI) has appointed Edward Glossop as its new emerging markets economist. As part of the ASI Research Institute (ASIRI), Mr Glossop will work alongside a team of economists and researchers to deliver macro insights into ASI’s investment teams to help inform portfo

Average savings rates are continuing to drop to record lows a year on from the start of the first COVID-19 lockdown, according to analysis by Moneyfacts.co.uk.

Edinburgh has been listed as one of the top five cities in the UK for tech investment last year, according to the annual Tech Nation Report.

The Civil Recovery Unit is to recover £6.46 million under proceeds of crime legislation after an Aberdeen company accepted it had benefitted from unlawful conduct. WGPSN admitted one of its subsidiaries, PSNA Limited, had benefitted from payments made to Unaoil to secure contracts in Kazakhsta

A candidate for political office in Japan is conducting his campaign dressed as the Joker.

Aviva Investors, the global asset management business of Aviva plc, has completed a forward funding agreement of £22.4 million for the first office facilities at Kildean Business Park in Stirling.

Cities and regions can apply for additional funding from the Scottish Government to help them recover from the coronavirus pandemic. Speaking ahead of the first meeting of the City Centre Recovery taskforce on Thursday, economy secretary Fiona Hyslop announced two new funds totalling £4 millio

Savills' Planning team in Scotland has obtained planning permission in principle from Highland Councillors for Gloag Investments' high-quality woodland holiday accommodation at Beaufort Castle Estate near Kiltarlity near Oban.

Royal Bank of Scotland and its catering provider, BaxterStorey, have distributed more than 6,000 food parcels to Edinburgh’s most vulnerable families since January, thanks to a surge of generous donations.