The cohort of former Royal Bank of Scotland business customers who have amalgamated to launch a class action against the still 73 per cent state-owned, bailed-out bank over its handling of businesses in distress have created a new website to appeal for witnesses.
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Less than half (43 per cent) of Scotland’s SMEs have done business internationally, lagging behind the national UK average of 60 per cent and London at 76 per cent, according to new research. The data from TransferWise for Business, gathered from a survey of SMEs across the UK about their experien
Politicians have grilled PwC bosses over why the company described beleaguered British high street retailer BHS as a ‘going concern’ just days before it was sold to a consortium with no retail experience for £1. MP’s sitting on the joint business, innovation and skills and work and pensions c
M&G Investments, the UK’s second biggest retail fund manager, has announced plans to scrap upfront fees and high annual charges on their big, legacy, direct businesses. In a move that will put pressure on rivals which continue to levy, M&G said it will also stop charging all investors for
Nationwide building society, Britain's biggest customer-owned lender, has reported a 23 per cent rise in full-year pre-tax profits to £1.3bn, up from £1.04bn a year earlier. The mutual, which is the UK’s second biggest provider of home loans, also said underlying profit had increased 9 per cent
Scotland’s global competitiveness at risk if ‘digital economy’ isn’t delivered, warns Grant Thornton
Andrew Holloway Grant Thornton has called on the Scottish Government to place the 'digital economy' at the heart of its growth priorities throughout the next term of the Scottish Parliament.
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.
New research from Clydesdale Bank has highlighted the challenges facing renters as they strive to become homeowners for the first time. The Glasgow-based bank's annual First Time Buyers research found that 64 per cent of aspiring homeowners rent a property before they pick up the keys to their very
The star-performing Scottish Mortgage Investment Trust suffered a slight decline in net asset value of 0.1 per cent after a tough year which saw a 26 per cent drop in earnings due to a challenging global picture. The drop has forced the £3.9 billion trust to dip into capital reserves to cover divid
Mark Thomson Scottish Building Society is to launch its own Online Broker Portal be known as “Scottish Intermediaries Online”, the world’s oldest building society and Scotland’s last remaining independent mutual lender has announced.
Debbie Mayor As the fifth session of the Scottish Parliament gets underway, Grant Thornton has called on all political parties to work together to address declining exports.
A Swiss local authority is to begin accepting the digital currency Bitcoin as payment for some of its public services in world first for a public body. The trial scheme, in the central town of Zug, will begin on 1 July and run until the end of the year.
The number of houses repossessed across Scotland during 2016 will be low, if interest rate rises are further postponed as anticipated, according to mortgage service company HML. In its annual forecast, HML said that it expects a total of 830 repossessions – or 0.08 per cent of all residential mort
