Sir Howard Davies The board of Royal Bank of Scotland survived a potential shareholder revolt at its AGM yesterday but bosses were subjected to a series of protests over executive pay packages, legal struggles and staff pensions.
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Lord Boyd of Duncansby A gambler who lost more than £90,000 after placing an online bet on a Scottish football match has failed in a legal challenge over the bookmaker’s decision to refuse to pay out.
Barclays Mortgages has today made the controversial move to reintroduce the 100 per cent mortgage back into the UK housing market. Such products were slammed in the wake of the 2008 financial crisis for being a major catalyst of the meltdown.
UK companies are now more likely to choose a new CEO from outside of the company than ever before, but also more likely to force them out in times of difficulty, according new PwC research. The annual CEO Success Study, carried out by Strategy&, PwC’s strategy consulting business, tracks CEO s
Profits at Edinburgh-based private rented sector (PRS) specialist Sigma Capital Group have risen almost ten-fold. The company has posted pre-tax profits of £2.14m for the 2015 calendar year, up from £0.21m a year earlier.
Specialist courses which teach pupils about running their own business should be delivered in all schools across Scotland, the Federation of Small Businesses (FSB) has said. During the Holyrood election campaign, alongside calls to reform public procurement and business rates, FSB has pressed the pa
Edinburgh-based insurance giant Standard Life has made a formal bid to acquire Axa’s Elevate platform, according to reports. Global financial news outlet Bloomberg said Standard Life is in talks for the business unit as the French insurer seeks to sell off its UK life insurance and wealth investme
Aberdeenshire-based craft beer and crowdfunding pioneer Brewdog has reported a slight fall in profits despite revenues soaring 51 per cent to hit £44.73 million. Latest results from the Ellon business for the year to December 31 show administrative expenses almost doubled in the year from £7.77m i
Jackie Waring Scotland’s first conference for female angel investors and entrepreneurs will be urged to emulate US success where one in four angel investors are female.
The Scottish Government has failed to deliver any meaningful change with its council tax reform proposals, according to COSLA. The local authority umbrella group said that it was astounded that the government had missed an opportunity which could have had benefits for millions of people.
Edinburgh-based challenger bank Virgin Money has today reported a 53 per cent rise in underlying profits for 2015 to £160.3m. The result marks a strong performance for the lender, which employs 200 at its headquarters in the Scottish capital, in its first full financial year since listing on the st
An Australian anti-gay group hoping to sabotage an Australian LGBTQ teen dance have been left red-faced after being confused by a crowdfunding campaign that resulted in them contributing thousands of dollars to the very event they meant to derail. The annual Victorian Same Sex Gender Diverse Formal
Fred Goodwin Disgraced former Royal Bank of Scotland chief executive Fred Goodwin has been named among a group of witnesses called on to give evidence in a £4 billion class action legal case brought against the still 73 per cent bailed-out bank by shareholders.
Legislation that would levy a supplement on the purchase of additional residential properties has been backed by MSPs on the Scottish Parliament’s Finance Committee today.
Sarah Speirs The Scottish housing market saw a flatter demand trend but continued price growth during January, according to the latest RICS UK Residential Market Survey.
