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Aberdeen continues to lead the way as the city with the highest rate of innovative businesses across Scotland’s 32 local authority areas. A total of 250 Aberdeen companies (2.6 per cent of all enterprises in city), including SMEs and large businesses, claimed for R&D tax relief in the late

The Bank of England has today announced that interest rates are to remain at 0.75 per cent where they have been since the Bank of England last raised them by a quarter of a percentage point last August. At the moment, the Bank said it is expecting just one rise in interest rates by 2021.

Britain’s free-to-use ATM network is on course to be decimated in the coming months unless urgent action is taken to protect access to cash, new research from consumer watchdog Which? has revealed.

Edinburgh-based wealth manager, Brooks Macdonald, has launched an innovative Decumulation Service to meet the evolving needs of the ‘at retirement’ market and beyond. Since pension freedoms began in 2015, over 1.8 millioni people have accessed their defined contribution pension pot and t

Nationwide Building Society has today announced that it has invested in Ordo, an innovative payment request service launching later this year that connects billers to payers using apps and secure messaging, putting billers and their customers back in control of their payments. Ordo pr

The Competition and Markets Authority's (CMA) recent intervention following an outcry over conflicts of interest in the wake of a string of scandals involving Deloitte, EY, PwC and KPMG may be challenged in the courts by the so-called ‘Big Four’ ac

Eileen Blackburn and Brian Milne, of accountants and business advisers French Duncan LLP, have been appointed joint administrators of Edinburgh-based Big Data for Humans. Big Data for Humans, which has four employees, provided data science services for customer marketing specialising in retaile

The Scottish Government is to create a £150 million national pilot scheme to provide support for first-time buyers and has also launched a consultation of short-term lets. Under the scheme, which will be launched later this year, buyers will be required to fund a minimum of 5% of the

Royal Bank of Scotland has today reported profits of £707m profit for the first three months of the year, which was down from £808m for the same period last year, a downturn the Edinburgh-based lender said can be attributed to the impact of Brexit uncertainty on near-term growth. Th

The first biometric fingerprint card issued by a UK bank has entered circulation as part of a national trial by Royal Bank of Scotland which is piloting cutting edge, biometric fingerprint technology with 200 customers.

Mintlaw housebuilder Claymore Homes is building 50 new residential properties in Cairnbulg near Fraserburgh with support from a six-figure funding package from Bank of Scotland. Construction of the development, which consists of three to five-bedroom houses, began in October last year

A new trade park in Livingston which the Scottish Government says will help businesses grow and create jobs is to benefit from £2.18 million of public investment. The loan, financed from the £150 million Building Scotland Fund (the pre-cursor to the Scottish National Investment Bank), is

Royal Bank of Scotland has announced that Ross McEwan has resigned from his role as chief executive officer (CEO) and executive director at the still 62 per cent state-owned lender. The bank said Mr McEwan, who has been in the position for five years, has a 12 month notice period and will remain in

The overall number of Scots facing insolvency in the first quarter of 2019 rose 29.2 per cent compared to the first quarter in 2018, according the latest Accountant in Bankruptcy figures released today. The AiB figures reveal that personal insolvencies rose from the 2,533 recorded in the first three

Jim Tomaney, chief operating officer at Dunfermline-based Renovite Technologies has issued a stern rebuke to the UK’s biggest banks for what he says has been their failure to invest in new ATM technology in order to mitigate the effects of their wide-ranging branch culls. Mr Tomaney, said many