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The UK new car market declined again in July, with 157,198 vehicles leaving showrooms, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).

Still more than 60 per cent state-owned Royal Bank of Scotland (RBS) is handing the Treasury around £1bn in dividend payouts following a surge in profits, according to the lender’s first half results out today. They showed a special award of 12p-per share was being handed to investors, o

Rodney Whyte, partner and specialist in residential land development at Pinsent Masons, looks at how Scots law is holding back "later living" developments  

Profits at Lloyds Banking Group have been hit by a last-minute deluge claims for payment protection insurance (PPI) mis-selling compensation prior to the 29 August 2019 deadline. The group, which includes Bank of Scotland and Scottish Widows, reported that pre-tax profits fell 7 per cent in the six

Businesses in Scotland are once again seeing escalating instances of advanced or ‘critical’ distress’ with levels here rising more than in almost any other part of the UK in the second quarter of 2019 when compared with the same period the previous year. The growing financial distr

Nucleus Financial Group, the Edinburgh-based adviser built wrap platform, has posted results showing that assets under administration (AUA) broke through the £15 billion barrier in the second quarter. Despite an "unsettled" climate, AUA at the fintech continued to rise in the three months to 3

Britain's biggest building society is to double its arranged overdraft rate for some customers in response to a clampdown from regulators that was actually intended to stamp out rip-off fees. Nationwide said it has interpreted the Financial Conduct Authority's clamp down on complex overdraft ch

Aberdeen Standard Investments (ASI) has expanded its Pan European Residential Property Fund (ASPER) SICAV-RAIF with the purchase of a newly constructed residential portfolio in Sweden. This latest acquisition diversifies the Fund’s portfolio to 27 assets in six countries and raising contracted

Aberdeen Standard Investments (ASI) has expanded its Pan European Residential Property Fund (ASPER) SICAV-RAIF with the purchase of a newly-constructed residential portfolio in Sweden. This latest acquisition diversifies the Fund’s portfolio to 27 assets in six countries and raising contracted

Hotels, pubs, and restaurants in Scotland have seen their levels of elevated insolvency risk fall slightly or hold steady since the start of the year, according to insolvency and restructuring trade body R3. The proportion of hotel companies based in Scotland deemed by R3’s research to be at g

Scotland was among the top-performing parts of the UK during June, as activity growth was reinstated following a slight drop in May, according to the latest Royal Bank of Scotland PMI. Supporting the upturn were greater inflows of new business, however there were some signs of underlying fragility w

New research from Close Brothers reveals that nearly half (46 per cent) UK workers aged 55 and over do not feel prepared for their retirement. 

The latest Scottish Chambers of Commerce (SCC) Quarterly Economic Indicator survey for Q2 of 2019 shows businesses continuing to face difficulties due to prolonged uncertainty around the UK’s position in relation to the European Union. This along with rising business costs and a global economi

British businesses could have £593 billion locked up in excess working capital, potentially hampering growth and leaving them exposed to economic uncertainty, according to new research from Lloyds Bank Commercial Banking. The Lloyds Bank Working Capital Index combines the bank’s propriet

Johnston Carmichael is forecasting ongoing growth at its office in Inverurie, partly down to the rural economy turning to digital tax management – modernising after centuries of tradition. The Inverurie office, based at Thainstone, has seen a 50 per cent increase in turnover over the last