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(Source: R3/Bureau van Dijk) The number of Scottish companies at higher than average risk of insolvency rose markedly over the course of 2017, according to insolvency and restructuring trade body R3.

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The Bank of England has today announced that UK interest rates are to stay the same at 0.5 per cent, after rising last month for first time in 10 years.

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Inflation rose to 3.1 per cent last month, the highest in nearly six years, in a development that will be seen as unwelcome early Christmas news for consumers as the squeeze on households continues.

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Lloyds Banking Group is to close a further 49 branches throughout the UK in a move that will see nearly a dozen across Scotland shut their doors.

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Tim Cooper The percentage of Scottish companies which report that they are benefiting from at least one sign of growth may have taken a tumble in recent months, according to new research by insolvency and restructuring trade body R3.

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Nick Hawkes Aberdeen-based global offshore engineering solutions provider Aquaterra Energy has appointed Nick Hawkes as its new financial director as the company gears up for service expansion.

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