News

Glasgow-based Shawbrook Bank has set aside £45.8 million of provisions to provide for potential future loan impairments caused by the coronavirus pandemic. The bank has today published its half-year financial results for the period ending 30 June 2020 revealing that Shawbrook Bank also granted

NatWest Group is to get rid of several top bankers as part of a dramatic overhaul of its investment bank, Natwest Markets as chief executive Alison Rose attempts to cut ties with the bank's past. The bank formerly known as Royal Bank of Scotland, majoratively-owned by taxpayers, is expected to tell

Watchstone Group is suing Big Four accountancy firm PwC for at least £63 million over allegations that a senior employee at the firm disclosed confidential information about a client to an investment banker working on a deal. Watchstone Group revealed on Friday that it had served a claim in th

Scottish thermal storage company Sunamp has raised £4.5 million in a Series A financing round led by Chilean venture capital firm Aurus Capital. Aurus Capital is one of the largest in Latin America with a specialisation in Industrial-Tech & Impact investments. The Scottish Investment Bank

Gilson Gray has revealed that in the last twelve months it has been involved in the restructuring, selling and refinancing of multiple portfolios, totalling in excess of 300 properties worth over £23 million. The firm, which took over Coulters Letting in 2019, has looked to help investors reap

The coronavirus pandemic is expected to see business lending grow by 14.4% this year surging to the highest level in 13 years, according to an EY ITEM Club Interim Bank Lending Forecast.

The downturn in the Scottish private sector eased noticeably in July, with clear signs that the economy is approaching stabilisation, according to the latest Royal Bank of Scotland PMI. The seasonally adjusted headline Royal Bank of Scotland Business Activity Index - a measure of combined manufactur

Banks across the UK are facing a second wave of Payment Protection Insurance (PPI) payouts after a series of court rulings found that the products were unfair.

One in three UK employers expect to make staff redundant between July and September, according to a new survey by the Chartered Institute of Personnel and Development (CIPD) and Adecco. 

Food and drink businesses across Scotland have been awarded a share of £5 million from the Scottish Government to invest in infrastructure, purchase new equipment and upgrade or replace facilities. In total 30 businesses will receive food processing, marketing and cooperation (FPMC) grants to

A man has spent £32,000 transforming his old beat-up car into his own Knight Rider car.

Standard Life Aberdeen (SLA) has announced that it will maintain its dividend payment this year, despite a 30% drop in its profits before tax. The firm's half-year results revealed that its adjusted profit before tax was £195 million compared to the £280m the year before. SLA's fee-based

Perthshire-based timber manufacturing company, Glenalmond Timber, has received £600k in CBILS funding from the Royal Bank of Scotland to help safeguard the future of the business following the coronavirus pandemic.   The finance package will assist the third-generation family bu

Two Glasgow social entrepreneurs, Petra Baiba Olehno and Rhiannon J Davies, have been selected by Wealth manager Brewin Dolphin, in partnership with the School for Social Entrepreneurs (SSE) to take part in SSE's Start Up Plus programme.  Brewin Dolphin and SSE have successfully compl

Retailers in Scotland lost £1.9 billion of retail sales during the first four months of the coronavirus pandemic, according to new analysis by the Scottish Retail Consortium (SRC).