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The Financial Conduct Authority (FCA) has confirmed that payments on credit card, personal loans and other revolving credit products will remain frozen for a further three months for those who are still experiencing temporary payment difficulties due to coronavirus.

Jim Tucker, David Pike and Mike Pink from KPMG’s restructuring practice have been appointed joint administrators of retail property company Intu Properties plc, the owner of the Braehead complex near Glasgow. The retail landlord had been in financial restructuring talks with lenders all of las

Former Scottish gangster Hugh Collins has challenged Edinburgh Zoo over the sale of his gorilla head sculptures.

Edinburgh-based fixed-income investment manager Cameron Hume Ltd has been appointed to manage the Sanlam USD Enhanced Yield Fund. The Sanlam USD Enhanced Yield Fund has been designed with detailed input and collaboration from the Cameron Hume investment team and is an enhanced mo

The UK Government has extended the maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200m. The move aims to ensure those large firms which do not qualify for the Bank of England’s COVID Corporate Financing Faci

A family-owned transport business Migdale Transport, which is based in Bonar Bridge, Sutherland, has purchased a new vessel, creating 14 new jobs for the region, following a £13.5 million loan and asset financing deal with HSBC UK. The firm, which specialises in the transport of live fish acro

The Scottish Government has launched a fund to help Scotland's credit unions continue to support those in need during the current coronavirus crisis.

Barclays has today announced its ambition to become a net-zero bank by 2050. The bank has also announced its commitment to align its entire financing portfolio with the goals of the Paris Agreement. 

Glasgow-based fintech Soar has secured £200,000 of the prize pot in the Affordable Credit Challenge. The Affordable Credit Challenge is a government-backed competition which was set up to help financially disadvantaged people.

Andrew Dagley, the finance chief of Edinburgh-based tidal power company SIMEC Atlantis, has stepped down after taking up the role in August 2017. SIMEC Atlantic, which operated the MeyGen tidal energy programme in the Pentland Firth, said that he will step down from his post as chief finance officer

Royal Bank of Scotland has agreed a 10-year revolving credit facility for Dumfries and Galloway Housing Partnership (DGHP) just weeks after the housing association secured a £114 million investment deal with M&G Investments. DGHP said the £35m of private investment wil

Legislation to establish a Scottish National Investment Bank has been passed unanimously by the Scottish Parliament. The new institution will direct investments that deliver economic, environmental and social returns, and help Scotland’s journey towards net-zero carbon emissions. It will aim t

Bridal store Apple Blossom Time in Glencarse has gone into liquidation throwing wedding plans into doubt for many brides to be. Ken Pattullo and Kenny Craig of Begbies Traynor have been appointed as joint liquidators.

The TV and film production sector is experiencing a period of phenomenal growth, driven by demand for UK content from Netflix and Amazon Prime, according to new data released today by Barclays Business Banking.

A former senior banker at Credit Suisse has admitted accepting a staggering $45 million in bribes related to Mozambican government debt deals.