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The Co-operative Bank has posted half year results showing that it narrowed its losses in the first six months of the year, but warned that profitability is under pressure in the mortgage market. The bank recorded an operating profit of £14.9m, compared with an £84m loss in 2017.

Sixteen UK construction bodies have written to the British Government to share serious concerns regarding the implementation of reverse VAT charges which are due to take place on 1st October, and have called for a delay in implementing the new rules.

The SNP has ramped up pressure on the government to take steps to prevent corporate money laundering in their response to the UK government consultation on corporate transparency and register reform.

Fife fintech company PaySend which specialises in international transfers has closed its latest crowdfunding drive after more than doubling its target. The crowdfunding effort, launched with platform Seedrs, saw Kirkcaldy-based PaySend aim to raise £4.26 million for a 3.3 per ce

Welcome to the latest round-up of activity from the last four weeks in Scotland’s dynamic commercial property sector. For sponsor or advertising opportunities contact Jeff Anderson on 01292 479 443 or email jeff@scottishnews.com.  

In a further sign that low interest rates are the new normal, Virgin Money has expanded its mortgage proposition by launching a new range of long term fixed rate residential and buy-to-let products, offering borrowers interest rate certainty for up to 15 years. The new products come with the same fl

An investment specialist has extended its reach by opening a further office in the Perthshire town of Blairgowrie following a strong period of growth for the business. Scott James Wealth Management (SJWM), a representative of St James’s Place Wealth Management, was founded four years ago and i

Profits at Lloyds Banking Group have been hit by a last-minute deluge claims for payment protection insurance (PPI) mis-selling compensation prior to the 29 August 2019 deadline. The group, which includes Bank of Scotland and Scottish Widows, reported that pre-tax profits fell 7 per cent in the six

Property wealth held in Scotland has increased ten-fold over the last 50 years, but the last decade has been marked by rising housing wealth inequality, according to a new Resolution Foundation report.

Murray Capital Group, the family investment vehicle chaired by former Rangers Football Club owner Sir David Murray, is set to sell a prestigious Edinburgh office building for close to £54 million, according to reports. The Edinburgh-based group is poised to complete the sale of Exchange Plaza

The number of homes sold more than once within a 12-month period (i.e. flipped) has fallen dramatically since its peak in 2004. Last year 18,630 homes were flipped in England & Wales, 69 per cent less than the 60,340 homes flipped in 2004. However, between 2017 and 2018 the number of flipped hom

Long-established Aberdeen accountancy firm Williamson and Dunn is to join Campbell Dallas on 2 August 2019, making the firm one of the largest full-service accountancy firms in Scotland outside of the ‘Big 4’. Based on the Granite City's West Craibstone Street, Williamson and D

Scottish accountancy firm William Duncan + Co has announced the appointment of licensed insolvency practitioner Steven Wright as a new senior manager within the firm's growing business recovery division. Mr Wright, who was previously with Armstrong Watson, has a long track r

The amount spent on childcare by parents in Scotland has risen sharply in recent years, according to the latest How Scotland Lives research by Bank of Scotland.

As Britain braces for a heatwave and with the school holidays in full-swing, parents across the UK are expecting to spend an average of £243 on entertaining their kids this summer.