Shares in Glasgow-based Clydesdale Bank owner CYBG Plc surged 14 per cent today after the lender lifted its forecast for margin growth and reported a rise in lending in a tight UK mortgage market. The 1.4 per cent increase in total loans to to £71.9bn in October-December, the first quarter of
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UK oilfield services sector sees turnover and margin decline following a ‘challenging’ year, says EY
The UK’s oilfield services (OFS) sector experienced another challenging year in 2017, with turnover for OFS companies declining by 9 per cent and EBITDA margin falling by 2.2 percentage points – the largest fall in margin since the sector downturn in 2014 – according to EY’s
The shopping centre in Fife which was put up for auction with a reserve price of only £1, has been sold for £310,000.
Tributes have been paid to Scottish Chartered Accountant, businessman and former newspaper executive Liam Kane, who has died following a short illness. Born in 1950 in Kinning Park, Glasgow, Mr Kane trained as management accountant with the Weir Group in Cathcart graduating as a member of the Charte
The entrepreneur behind the luxury sportswear brand, Monreal London, comes to Scotland in April to talk about her rise in the competitive world of sport and leisure fashion. Stefani Grosse, CEO and founder of the high-end active wear range, is the latest speaker confirmed for this year’s Entre
The latest Scottish Chamber of Commerce Quarterly Economic Indicator survey for Q4 of 2018 shows Brexit uncertainty and rising cost pressures take toll on the Scottish economy as investment slows down. Raw material prices are cited as a leading cost pressure for Construction, Manufacturing, Retail/W
From November 2018 to January 2019, the average selling price in east central Scotland rose to £239,709, a 3.6 per cent increase compared to the same period last year, ESPC reports.
Royal Bank of Scotland, which is still majority owned by the UK taxpayer, yesterday won approval from shareholders to buy back shares from the UK Government. At a meeting in at its Edinburgh headquarters, investors said that RBS could buy up to 4.99pc of its stock from the Treasury in any one year.
Scottish independent accountancy and business advisory firm, Johnston Carmichael, has strengthened its leadership team with the appointment of a new director to head up its international corporate tax offering. Peter Courtney joins the firm from HMRC, where he most recently led the interna
Glasgow City Council's City Administration Committee has backed a deal that will see the authourity use property assets to secure loans that allow it to meet the cost of settling its £548m equal pay settlement. Last month, the council and the equal pay claimant group represented by Action4Equa
City house prices in the UK have outpaced earnings growth by 11 per cent, causing home affordability to reach on average, its lowest level since 2007, when the ratio of house prices to earnings stood at 7.5. The average house price within UK cities has risen from £180,548 in 2013 to its highes
The Bank of England has announced that interest rates are to be held at 0.75 per cent ahead of what it says will the slowest year of growth since the recession that followed the financial crisis of a decade ago. The Bank has also revised its growth projection of 1.7 per cent for 2019, published in N
An English multi-millionaire is seeking to buy a mountain in Scotland for £12 million in order to carve faces into it in the style of Amercian landmark Mount Rushmore. However, the proposed cliff face design would not feature the faces of a monarch or statesman, but instead the faces of his ow
HFD Property Group has secured an £88.9 million development loan to progress its Bothwell Exchange office project in Glasgow. The four-year package from the Bank of Scotland real estate and housing team’s Green Lending Initiative provides the commercial property specialist
Scottish law firm, Gillespie Macandrew, has expanded its Glasgow offering with the opening of new premises in the city centre. The new office, at 163 West George Street, more than doubles its footprint in the city and provides a better base from which to service its growing commercial real esta