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TSB Bank has posted a £66 million pre-tax loss for the first half of this year as it allocates £87.5m for bad coronavirus loans. The bank's interim results revealed the bank had seen a statutory loss before tax of £65.5m, compared to a pre-tax profit of £21.1m in the first ha

NatWest Group has announced that Baroness Noakes DBE will step down as a non-executive director at close of business today. Morten Friis will succeed Baroness Noakes as chairman of the Group Board Risk Committee with effect from 1 August 2020.

Independent Scottish craft brewer Broughton Ales has launched a £100,000 crowdfunding campaign to secure the business amid the coronavirus pandemic.  The funding will be used to help secure the business in the long term and help prevent any potential closures after the brewery lost a subs

BGF, whose current investments include 20 firms in Scotland, has invested almost £130 million in 24 new UK first in the first half of this year. The firm, formerly known as Busines Growth Fund, is the UK and Ireland's most active investor in the growth economy. The organisation has revealed th

Scotland’s universities support over 72,900 jobs and add £4.6 billion to the Scottish economy, according to new analysis from Hatch Regeneris for the University and College Union (UCU). The analysis found that between them, Scotland’s universities directly employ 36,850 p

Goldman Sachs CEO David Solomon DJ'd at a party in the Hamptons which is now under investigation for flouting health guidelines.

Lochalsh & Skye Housing Association has received a loan of £4 million through a charitable bond arranged by Allia C&C.

Ediston and Orion Capital Managers have submitted plans for one of the largest developments to come forward in Edinburgh’s city centre for a generation. The two have been working together on their shared vision for New Town Quarter, previously known as New Town North, since last year and have

Glasgow-headquartered fit-out and M&E specialist Morris & Spottiswood recorded an increase in turnover and profitability last year despite "challenging market conditions". The company's turnover increased to £82.6 million from £82.4 million while profit after tax and before divid

Venture Capital (VC) investment in Scottish scale-ups remained robust and resilient in the second quarter of 2020, as the number of deals increased during lockdown despite growing economic and political uncertainty. The latest data from KPMG Private Enterprise’s Global Venture Pulse Survey rev

EY in Scotland has welcomed Moray Barber to the firm as a tax partner based in Aberdeen who will primarily serve the energy sector. His appointment follows that of Duncan Reoch as associate partner who joined in March. Mr Barber has more than 20 years of experience supporting clients with complex ta

The Industrial Biotechnology Innovation Centre (IBioIC), the specialist body set up to stimulate growth in the Industrial Biotechnology (IB) sector, has appointed Dr Lynsey Dunbar as senior business engagement manager to help increase funding for Scotland's bioeconomy.  This newly created

Brodies LLP has continued to make progress for the year to 30 April 2020, reporting a 7% increase in turnover to £82.0m (2018/19: £76.9m). This amounts to 20% growth in the last two years and marks the tenth consecutive year of progress for the firm. Profits before partner distributions

Glenrothes-based timber specialist, James Donaldson and Sons Ltd (JDS), has appointed Arlene Cairns as its new chief financial officer.  Taking up her new role yesterday, Ms Cairns joins from Aviva, where she was chief finance operations officer responsible for leading globa

Scotland’s leading responsible finance provider, Social Investment Scotland (SIS) has appointed three senior non-executive directors in support of its new ten-year strategy to build an impact economy. The appointments of Claire Treacy, Sheila Fazal, and Collette Norval, will support the delive