First Minister Nicola Sturgeon and the Lord Mayor of London William Russell are spearheading a joint effort to grow the Scottish green finance sector. On Tuesday they will co-chair a green finance roundtable in Edinburgh, bringing together prospective and current investors in the sector and prominen
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The £8.5 billion Lothian Pension Fund has adopted a new system developed by Charles River, allowing the fund to streamline its investment management programme. Lothian Pension Fund is one of the largest projects of its kind, with over 85,000 members and an estimated 90 employers.Charles River
CMS has announced the appointment of Julie Devlin, who joins the firm’s finance practice group as an of counsel. Set to be based in Glasgow, Ms Devlin joins CMS from Dentons, bringing a wealth of experience in the specialist area of regulated credit and hire which significantly bolsters C
The economic picture in Scotland is looking more encouraging, with instances of ‘critical’ financial distress showing a marked decrease in the final quarter of 2019 compared with the same period the previous year – the first year on year fall in nine months. The latest Red Flag Ale
Engineering design and manufacturing firm Albacom is set to expand after raising £500,000 to develop its business in new markets. Albacom secured a £400,000 loan from the Scottish Loan Scheme (SLS), part of the Scottish Government’s Scottish Growth Scheme, which is administered by
Philip King, chief executive of the Chartered Institute of Credit Management (CICM), has been appointed interim small business commissioner (SBC). Mr King will head the independent office of the SBC in Birmingham. It was launched in December 2017 to ensure fair payment practices for Britain's small
A “world-leading” Energy Transition Zone (ETZ) is planned for Aberdeen to accelerate the delivery of net zero solutions and secure a strong economic future built on offshore wind, hydrogen, and carbon capture usage and storage (CCUS), alongside oil and gas.
Companies are benefiting from £170,000 of Scottish Government funding to use artificial intelligence (AI) to help tackle the global climate emergency. Six applicants have been chosen to develop AI-enabled technology through the Can Do Innovation Challenge Fund, managed by Scottish Enterprise.
Scottish companies considering a listing will hear from a panel of experts on how it can work best for their business at an IPO dinner hosted by Pinsent Masons and EY. Gordon McArthur, chief executive of fintech company Beeks Financial Cloud Group, which floated in 2017, and corporate finance expert
New York City Council has voted to ban cashless shops and restaurants.
Ahead of the Scottish Budget, CBI Scotland has called on politicians of all parties to put the economy at the front and centre of the political debate in Scotland and focus on policies that will strengthen the economy and encourage investment.
Barclays has today announced the launch of a new cashback scheme for term loans to eligible SME borrowers in the UK. Supported by a £450 million ENABLE guarantee from the British Business Bank, this scheme is the largest of its kind to launch in the UK.
The Scottish Government needs to be clearer about the role of private finance in public infrastructure projects, according to public sector watchdogs after a new report found schools, hospitals, roads and other assets will cost the public sector more than four times their capital value. Models for i
Scotland’s growing financial technology sector has become the first in the UK, and only the third in Europe, to receive formal accreditation as a cluster of excellence. The European Secretariat for Cluster Analysis (ESCA) looked at 36 economic indicators before making the award.
The Financial Conduct Authority (FCA) has written to major banks today asking them to provide evidence of how they arrived at their overdraft pricing decisions.