News

Major Scottish dairy firm Graham’s, which claims its milk and other products are sold to half the Scottish population, has been forced to write off more than £800,000 because of a failed property investment. Sales for Graham's The Family Dairy Group in the year to last March rose fr

Triple Point Social Housing REIT has secured a new £70 million revolving credit facility (RCF) with Lloyds Bank. The floating rate RCF has an initial term of four years expiring on 20 December 2022 which may be extended by a further two years.

The parent company of Dundee-based YoYo Games has struck a deal to pay £25 million to Israel after a tax audit, insider.co.uk reports. Playtech announced that it had reached an agreement with Israeli tax authorities after a civil tax audit covering the period from 2008 to 2017.

Former Virgin Money chief executive Dame Jayne-Anne Gadhia has been appointed as an external member of the Bank of England’s Financial Policy Committee (FPC), along with Dame Colette Bowe, current chairman of the Banking Standards Board. Dame Colette and Dame Jayne-Anne will replace Richa

A Scottish fintech start-up has announced plans to roll out its flagship banking app within months after securing funding from Scottish EDGE. Nexves, which has also been supported by accelerator programmes run by Royal Bank of Scotland and Elevator, is "a platform that enables a swarm of individuals

A finance graduate from University of Strathclyde has been appointed as as a finance secretary in Guyana's Ministry of Finance. Michael B. Joseph, who holds a Master's degree in finance from the Scottish university, was appointed late last year, Stabroek News reports.

Scottish snow sports have boosted the economy by almost £31 million, according to latest estimates, as negative projections made in 2011 on likely Scottish skiing and snowboard trends have failed to materialise.

Prison guards allowed a prisoner who helped them with their taxes to eat Chinese take-away and sit in a guard station after hours.

Insurance, risk management and employee benefits specialist, Jelf, has launched a new Glasgow branch in one of the city’s most prestigious and recognisable city centre buildings. The Glasgow office, located in the G1 building on the city’s George Square, is Jelf’s biggest trad

Blair Nimmo and Geoff Jacobs of KPMG, who were appointed at the start of December as joint administrators of Invergordon-based low-energy housebuilder CLDB Limited, trading as Carbon Dynamic, have announced the sale of the business and assets to Carbon Dynamic (Scotland) Limited, a ne

Edinburgh private bank Hampden & Co is adding digital banking services to its offering, with its mobile banking app set for launch this month. The news comes a week after it was revealed that Hampden became one of the group of UK banks, to be selected for the £275 million RBS Incentivised

Royal Bank of Scotland has applied for a German banking licence in a bid to safeguard its European business interests in the event of a no-deal Brexit.

Stuart Robb of Leonard Curtis Business Rescue & Recovery Limited has been appointed provisional liquidator of Walker MacLeod. The company, which operates from premises in Yoker, Glasgow, was incorporated in June 1981 and operates as a multi-disciplined engineering firm supplying metal fabricatio

230 Scots a week will be made bankrupt in 2019, according to accountants and business advisers French Duncan LLP. The firm is predicting that around 12,000 Scots will have been sequestrated (the Scottish term for bankruptcy) or taken out a Protected Trust Deed (PTD) by the end of 2018

Archangels, the Edinburgh-based business angel investment syndicate, believed to be the oldest in the world, led a record breaking ￡22.4 million of investment in Scottish tech and life sciences businesses in 2018. The highly active syndicate invested ￡10.9 million of its own members’ cash