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The number of outstanding mortgages extended under interest-only terms has fallen by almost one third over the past four years, research from the Council of Mortgage Lenders (CML) has revealed. The number of outstanding interest-only loans dropped from around 3.2m in 2012, to 2.2m last year – a de

Kevin Engel Business confidence levels in Scotland have fallen into negative territory for the first time in almost a year, making them among the lowest in the UK according to the latest ICAEW/Grant Thornton UK BCM.

One third of the largest firms are withholding key information from annual reports, according to a new study of FTSE 100 companies carried out by the Chartered Institute of Personnel and Development, the Chartered Management Institute and the Chartered Institute of Management Accountants. The study

Last year saw Scotland achieve record-breaking levels of inward investment with an all-time high registered for the number of Foreign Direct Investment (FDI) projects, according EY’s latest Scottish Attractiveness Survey. The global accountancy firm found a total of 119 FDI projects were secured i

Deloitte has played down the significance of the peer-to-peer lending phenomenon in a report that predicts the industry is unlikely to account for any more than 1 per cent of all lending in the UK by 2025. But while the global accountancy firm believes online platforms connecting investors directly

Gordon MacIntyre-Kemp A poll carried out by activist group Business for Scotland has found that late payment is a bigger issue in Scotland than in the rest of the UK, with 38 per cent saying they regularly have problems with customers delaying payment and 41 per cent being made to wait 90 days or lo

The Royal Bank of Scotland has named the next five branches to be axed from its Scottish branch network as part of the ongoing cost saving drive across the still 73 percent state-owned lender. The Edinburgh-based bank, which was bailed out at a cost of £45 billion by the UK taxpayer at the height o

The Treasury has announced that it has received a further dividend of £130m from its Lloyds Banking Group shares. The news means the amount the government has now received £318m in dividends from the bank it bailed out at the height of the financial crisis at a cost of £20.5 billion.

The number of house sales across Scotland has increased by more than a fifth in a month as landlords rushed to buy up property ahead of changes to the Land and Buildings Transaction Tax (LBTT). The House Price Index for Scotland by Your Move/Acadata found home sales rose by 21 per cent between Febru

Carol Benzie Glasgow Airport has reported its busiest April on record while Aberdeen’s dramatic passenger decline has continued, according to latest figures.

The average Scot is set to be more than £20,000 worse off than they expect in retirement, according to new research from Edinburgh-based insurance firm, Aegon UK. Although retirement savings rates among workers north of the Border has improved marginally compared to a year ago, the insurer found th

Most of Scotland’s small businesses have voiced concerns over any plans harboured by the new Scottish government to hold a second referendum on independence at the cost of a renewed focus on economic growth, according to a new industry poll. The Federation of Small Businesses found the majority of

Support for European Union membership remains strong in the North-east in Scotland, as three in four business leaders in the region say they will vote to remain in the union. The figures, revealed in an Aberdeen & Grampian Chamber of Commerce survey released today, are consistent with previous s

122 Waterloo Street Levels of office take-up in Glasgow city centre and Edinburgh out-of-town markets for the first quarter of the year are the highest since the economic downturn in 2008, according to commercial property consultants Bilfinger GVA.

Only 6 per cent of executive boards seats in top 100 UK-headquartered energy firms are held by women, according to new report by PwC in association with POWERful Women (PfW). The figure constitutes just a fifth of the target of 30 per cent by 2030 set by PfW, an industry body that promotes female le