Search: financial focus

BenRiach Distillery Company to sink £25m into expansion bid The Edinburgh-based BenRiach Distillery Company has announced plans to invest more than £25m in the business over the next two years.

Reports are circulating ahead of tomorrow’s budget that the UK Government could be prepared to sell-off half of its 80 per cent stake in Royal Bank of Scotland within two years. Last month, Chancellor of the Exchequer George Osborne said The Treasury would begin drawing down its share in the Edinb

Andrew Tyrie New plans outlined by the Bank of England will see the Financial Services Compensation Scheme (FSCS), which guarantees £85,000 of an individual’s savings if their bank goes bust, reduced to 75,000.

A new Perth and Kinross Credit Union (PKCU) service in Blairgowrie will be officially opened today by deputy first minister and MSP for Perthshire North John Swinney. PKCU was launched in April 2014 and offers a range of ethical lending and saving services for anyone who lives or works in Perth and

Michael Matheson Police Scotland is facing questions from Justice Secretary Michael Matheson about its fleet of luxury cars - including BMWs and Land Rovers - for senior officers and staff.

A Scottish law firm has estimated that premium bonds, dormant bank accounts, National Savings and Investments and pensions worth billions are currently lying untouched because more than 15,000 estates dating back as far as the 70s have yet to be claimed. Aberdein Considine said that among the UK tot

James Watt and Martin Dickie BrewDog bosses have treated themselves to a pay rise with accounts newly filed at Companies House showing director’s pay up by nearly 57 per cent.

Ian Naismith Scottish Widow's annual report on the retirement market has shown pension saving at the highest level it has ever seen.

The former chief operating officer of Perth-based energy giant SSE has been given a £2.15 million chunk of his pension pot. According to the firm’s annual report, the request for the payment when he reached 60 was part of chief operating officer between 2002 and 2011 Colin Hood’s arrangements t

Royal Bank of Scotland, which today holds its annual general meeting in Edinburgh, has stated that it is still on course to meet the end of year deadline for the sell-off of its Williams & Glyn business, as per the - already revised - conditions of its government bailout. The assurances were mad

Glasgow City Council has unveiled a programme of cuts to save £103 million over 2016/17 and 2017/18. The local authority governing Scotland’s largest city will have to trim 7 per cent from its budget in order to tackle “the unprecedented financial challenge of the next two years”.

A total of 69 credit unions, from across Britain and Northern Ireland, are bidding for funding from the Lloyds Banking Group Credit Union Development Fund. Now in its second year, the £4 million fund (£1m per year) is run in partnership with the Credit Union Foundation.

Alan Milburn The UK’s top legal and accountancy firms are systematically excluding young people from working-class backgrounds, an official Government report has found.

Chris Harte Scottish law firm Morton Fraser has today announced an increase in turnover of 8 per cent to hit £18.3 million, with net profit up by 20 per cent to £6.6 million.

Dundee City Council has given its unanimous approval for a new scheme that will see the council buy homes from tenants in financial difficulty. The Scottish Government’s Home Owner Support Fund allows owners with money woes to sell their property to the council and become rent paying tenants.