Terry Murden

Interest rates will need to rise quickly to head off the threat of inflation, according to the Bank of England’s chief economist. Huw Pill told an audience in Edinburgh that there were “dangers” in waiting for firmer evidence of the impact of conflict in the Middle East, reports ou

The chairman of taxpayer-owned Scottish National Investment Bank has admitted that rocketing losses on the back of more failed investments are “painful” and “not where we want to be”. New figures show the bank’s loss for the year to the end of March surged by135% to &po

Barclays has reported a 17% rise in first-half ​profit before tax to £6.1 billion, beating analysts’ forecasts and kickstarting what is likely to be a bumper reporting week for the sector.

Hero Media & Entertainment, the Glasgow-based media business which owns Scottish Financial News, has acquired KD Media, a live events business behind some of Scotland’s most high profile industry awards and conference programmes. KD Media was founded by Kirsten Speirs in 2003 and its portf

Beeks Financial Cloud, which creates stock market trading solutions, has secured the first contract for a “world first” analytics platform. Following launch and a successful proof of concept for Market Edge Intelligence, the Renfrewshire-based company has signed a five-year agreement wor

Edinburgh Worldwide Investment Trust, now under effective control of a New York hedge fund, is considering a tender offer for its shareholders to cash in on the forthcoming IPO of Elon Musk’s SpaceX. The board said it remains committed to providing shareholders with a “liquidity opportun

Scottish Enterprise is funding further development of technology aimed at tackling issues such as financial crime and the adoption of artificial intelligence. It is injecting £3.18 million into the Financial Regulation Innovation Lab (FRIL) to deepen collaboration among academia, industry and

The financial services watchdog will hold its annual public meeting in Edinburgh for the first time as it seeks to raise its profile in Scotland.

An inquiry has been launched into the impact of banks closing more than 6,700 branches in the past decade and whether they should be compelled to introduce more face‑to‑face services. Richard Lloyd, a former executive director at the consumer group Which?, will gather evidence for the Access to

Edinburgh Worldwide Investment Trust, which suffered a boardoom bloodbath last week, has announced a new chair and said Baillie Gifford will remain as manager. Gabriel Gliksberg, one of three new directors elected after the coup led by Saba Capital Management, becomes chair and a recruitment consult

More than 30 business figures have made a public commitment to support Scottish Labour leader Anas Sarwar to be First Minister. The entrepreneurs and company owners say Mr Sarwar would be “transformational” for businesses who accuse the SNP of failing to understand the economy.