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Standard Life Aberdeen owned Phoenix Group has struck a £3.2 billion deal to buy rival ReAssurance, providing key opportunities for the company. The deal adds £84 billion of assets under administration and over 4 million policies to Phoenix which employs approaching 3,000 staff in S

Paysend, the Edinburgh based fintech business, has launched global money transfers to Uzbekistan, expanding its worldwide footprint for its Global Transfers service. Paysend has launched online international money transfers in Uzbekistan in partnership with regional bank Ipoteka-Bank and the technic

Helen Brown of Anderson, Anderson and Brown details how UK companies are due to face many legislative challenges but tax opportunities can significantly help firms handle the changes. Over the years, the UK has continued to drive towards a more competitive Corporate Tax (CT) regime. This has be

Aberdeen Standard Investments (ASI) private placement debt team has lent £65 million to the City of London Corporation. The investment was undertaken on behalf of life insurance companies within the Phoenix Group.

Morrison Community Care Group has secured £6.6 million of finance from Allied Irish Bank for a new care home in Troon. Queens View Luxury Suites will comprise 56 suites for residents alongside a lounge, cocktail bar, cinema, hair salon and spa and a private dining room. A range of care se

Furniture and fit-out company Havelock International has been acquired out of administration for an undisclosed sum by contract furniture specialist Deanestor. The long-established Havelock Europa business was listed on the main London Stock Exchange for 31 years, from 1987 to 2018 with a peak turno

London-based fintech startup, Glint, has gone into administration.

The Kilchrenan Inn in Argyll & Bute is the site of a new hotel run by MTM Hospitality thanks to a five-figure finance package from Royal Bank of Scotland (RBS).

Glasgow City Council has secured a property-backed loan deal to help pay out £548 million in an equal pay settlement. Canada Life Investments has agreed a £166m, 30-year loan deal with City Property Glasgow – a wholly owned subsidiary of the council.

National Savings and Investments (NS&I) has announced that it will slash interest rates on 1.5 million accounts. The bank, which is backed by the Treasury, is cutting interest rates on 1.5m accounts which contain almost £25bn worth of savings. Experts have blamed the move on a no-deal Brex

A new 5-star hotel, bringing 65 new jobs to the city, has opened in Inverness in a development supported by £4.5 million of funding from Barclays. The 47-bedroom Ness Walk is the latest addition to Kingsmills Hotel Group’s portfolio.

Independent Glasgow brewery, WEST, has become the first brewery in the UK to be employee owned. The Glaswegian brewery has launched over 30 draught beers in the last 13 years – all brewed in accordance with the Reinheitsgebot, the German Purity Law, the oldest food law in existence,

Entrepreneurial Scotland’s annual summit is taking place today at the Gleneagles Hotel with organisers expecting the event to be an inspiring occasion. The business membership network has assembled a world-class line up of international entrepreneurs to share their knowledge, experience and in

Fast-growing Glasgow-based motor finance business CarMoney is celebrating a first year of operations that has left it planning to more than double its sales force as it makes strong inroads into the wider UK market. The used car finance broker, which was launched in 2016, is split into a retail

Standard Life has today announced its entry into the equity release market with a partnership announced between it and retirement finance specialists, Age Partnership.