News

Santander UK has told shareholders to expect more “efficiencies” this year after its profits slipped in the first nine months of the year, due to a drag from motor finance and restructuring costs. The group revealed a £179m increase in its motor finance provisions, booked in the fi

The Scottish National Investment Bank (SNIB) has appointed Richard Hope, Dr James McCourt and Lynne Rennie-Smith as non-executive directors to its board. The appointments were made by the Scottish Government’s Cabinet Secretary for Economy, Tourism and Transport, Stephen Flynn MSP, ahead of th

Chancellor John Healey will abandon his predecessor Rachel Reeves’ “car crash” ISA reforms in his maiden Budget later today, according to reports. The Chancellor will reverse the decision to cut the Cash ISA allowance from £20,000 to £12,000, which was set to come into

Economists have predicted that John Healey’s first-ever Budget will likely omit clear plans to reform taxes, curb the welfare bill and boost defence spending, in a move that would kick “tough decisions into the long grass”. Mr Healey is expected to delay several major financial dec

The financial services industry is worried about the impact of cyber security, operational resilience and dependence on external technology providers, as a new survey reveals growing dependence among firms on artificial intelligence (AI). A joint report by the Bank of England and the Financial Condu

Asia’s grip on the supply chain will enable it to continue building exports despite the threat of higher tariffs by Western economies, according to a trust manager. The dominance of China, Taiwan, India and Korea across a number of sectors from renewables to car production means they are capab

Peter Gallanagh is to step down as Azets’ UK&I Chief Executive Officer at the end of the year to move into an advisory role. Prior to taking on his UK remit, Glasgow-based Mr Gallanagh was the firm’s Managing Partner for Scotland.

Independent professional services and accounting firm Wbg has acquired employee-owned Dunedin Advisory, the licensed insolvency and chartered accountancy practice based in Glenrothes. Eleven staff will transfer to Wbg, taking the headcount of its restructuring function to 33.

HSBC lent support to the Chancellor’s plan to hike taxes on banks after announcing a 32% surge in third-quarter profit.

Lambert Smith Hampton (LSH) and Ryden have launched an enhanced restructuring and corporate recovery offering across Scotland. The launch comes against a backdrop of heightened corporate insolvency activity and significant macroeconomic turbulence.

A significant number of people would like to keep working after reaching the traditional retirement age, according to new research.

The UK needs to step up its pursuit of investment-led growth to help break the vicious cycle of tax hikes and weak growth. That’s the recommendation included in a report published today by wealth and asset management firm Rathbones.

Chancellor John Healey is promising a Budget that will give “breathing space” to households and businesses alike amid calls to take tough decisions that will significantly reduce public spending. The statement on Wednesday is expected to underpin Prime Minister Andy Burnham’s aim t

While the Budget will dominate this week’s agenda, one of the sectors most likely to be impacted by it – banking – will also be in the headlines for delivering big profits.

Baillie Gifford US Growth Trust shareholders have narrowly rejected a New York hedge fund’s attempt to seize control for a third time.