News

Royal Bank of Scotland is among five banks today taking a share in a €1.07bn (£935m) European Commission fine after regulators found traders clubbed together to rig the foreign exchange market. RBS and its subsidiary NatWest Markets Plc said they acknowledge the announcement by the Europe

Scottish spirits firm William Grant & Sons has hired Helen Cowing as group chief financial officer. Billionaire whisky tycoons Glenn Gordon and family which owns William Grant & Sons, was last week named Scotland’s richest family for the sixth year in a row.

The owner of Clydesdale Bank has been hit by a rise in customers struggling to pay their credit card bills. Glasgow-based Clydesdale and Yorkshire Banking Group (CYBG) has said it wrote off £77m in the six months to March.

The rising prominence of so-called ‘zombie firms’ – companies under sustained financial strain – is threatening to cause a significant drag-effect on the UK economy, new analysis from KPMG has found. A look at the last three annual accounts of listed UK companies (FTSE and AI

A leading Disputes Resolution and Litigation lawyer has urged Scottish SMEs to take action to ensure they receive any money they are owed, and to be proactive in using the law. John Bett, a Partner at Lindsays, said that there are a number of myths around legal redress for outstanding debt that is p

Fintech disruptor Soar says it is aiming to change the face of ethical banking following the award of a £450,000 Research and Development (R&D) grant from Scottish Enterprise. The Glasgow-based company is developing a cloud-based and fully-integrated banking platform for credit unions

Wimbledon, US Open and Olympic champion, Andy Murray, has added to his investment portfolio with a stake in Game4Padel. Game4Padel’s aim is to become the market leader in the UK padel tennis market which is widely believed to be on the verge of the same exciting and explosive growth seen in ma

Women's Enterprise Scotland has launched its annual survey of women-owned and women-led business in Scotland.

The next phase of funding for the CashBack for Communities scheme will take total investment in the programme to almost £110 million since it began in 2008. The scheme reinvests criminal assets into community projects which support young people into positive destinations, diverting s

Over half (53 per cent) of employees aged 60 and over are not ready to retire, increasing to 61 per cent for people still working past the age of 65, new research has revealed. The study of employees and employers by insurance and life giant Aviva highlights that working for enjoyment and the benefi

A masterplan for the Hunterston industrial complex in North Ayrshire has been unveiled as a consultation is launched on the site’s future.

The Church of Scotland says it is now adapting to the increasing number of people choosing to make payments by card by rolling out a new “contactless collection plate”. Kirk officials say they are keen to show people how terminals could make donating faster and easier in what is increasi

The board of Scottish Financial Enterprise (SFE), the representative body for the financial services industry in Scotland, has selected Philip Grant of Lloyds Banking Group (LBG) as its new chairperson. Mr Grant's new role will be in addition to his position as chair of LBG’s Scottish executiv

CYBG has reported strong progress in its first six months since its acquisition of Virgin Money last October, with pro forma underlying pre-tax profits up to £286 million. Following the acquisition, CYBG is the UK's sixth largest bank with over six million customers, serving both retail and SM

Standard Life Aberdeen is facing a shareholder rebellion over plans to offer its incoming chief financial officer £750,000 in shares, according to reports. A remuneration report was opposed by 42.02 per cent of shareholders out of concerns about the remuneration package put together to attract