News

Averil Wilson, the finance director of Edinburgh-headquartered Apex Hotels, has been appointed as the hotel company's managing director. A former Lloyds Banking Group executive, Ms Wilson has served as finance director for Apex Hotels for eight years and will now oversee all business operations, res

Virgin Money will cut 500 jobs and close 52 branches this year. The bank will close a total of 52 branches, with 22 branches closing down and a further 30 being "consolidated into another Clydesdale Bank / Yorkshire Bank / Virgin Money locations within half a mile."

SHE Software has secured a £7 million Series B investment led by new investor Frog Capital. The funding will be provided by Frog Capital's new growth equity fund, with existing investors Northern Venture Capital Trust (VCTs) Funds at Mercia Fund Management Limited also contributing funds.

Kelso-based accountancy firm, Douglas Home & Co is encouraging businesses to consider whether they might be eligible for a Brexit Support Grant from the Scottish Government. Recently introduced, the grant has been made available to help small to medium-sized enterprises (SMEs) manage the impact

Aberdeen-based gas flow management company GM Flow has secured a six-figure investment package from the Scottish Investment Bank (SIB), the investment arm of Scottish Enterprise, Alba Equity and Eos Advisory. The investment, which has been secured from SIB, Aberdeen-based Alba Equity and St And

Shepherd and Wedderburn’s corporate finance team advised on deals with an aggregate value of £6.03 billion in 2019. The team, which was named Corporate and Commercial Team of the Year at the 2019 Scottish Legal Awards, advised on 85 deals globally in the year to December 2019, including

Fashion retailer Ted Baker has announced that it will be cutting 160 jobs in a cost-cutting exercise. The company has said it will make cut 102 jobs and leave 58 current vacancies within the company unoccupied.

The Stirling and Clackmannanshire City Region Deal, which will ensure a £214 million investment package, was signed at a special event at Forth Valley College yesterday. The investment package covered seven areas of investment ranging from innovation, digital and culture, heritage and tourism.

Buy Now, Pay Later (BNPL) services for online shoppers are growing at 39% a year according to a new report from Worldpay.

A court has reduced the fine charged against a woman 11 years ago – for dropping a Greggs paper bag on the ground.

Lloyds Bank has informed its workforce that it will be cutting 780 full-time branch jobs in its latest round of staff cuts.

The number of Scottish Venture Capital (VC) deals agreed last year reached its highest level since 2013, raising a total of £60.9 million, according to a new study by Refinitiv.

HSBC will close a further 27 branches this year due to an increase in customers moving to online and digital banking.

Aberdeen restaurateur Syed Shabbi Ahmed, who funnelled £800,000 of customer payments into a secret bank account, has been banned from running a business for 11 years.

Whisky giant Diageo has issued a profit warning as the COVID-19 (Coronavirus) outbreak intensifies across the globe.