News

Housing, care and property management group Wheatley has secured a ground-breaking investment of £76.5 million that will enable it to build hundreds of new affordable homes. The 25-year debt funding deal provided by Scottish Widows, through its partnership with the Bank of Scotland’s Rea

New principles to improve the corporate governance of large private companies have been developed by a coalition established by the Financial Reporting Council (FRC) under the leadership of building firm Wates Group. Launched today, the new code was drawn up by chairman James Wates CBE to provide a

Shares in Interserve more than halved this morning after the outsourcer revealed it was in negotiations with its lenders to deleverage its balance sheet. It emerged over the weekend that the company was holding talks with lenders over its £650 million debt pile.

An accountant has pleaded guilty to embezzling more than £125,000 from two companies. Natalie Taylor scammed £88,226 from Motherwell-based McCann Electrical Limited and, while wanted by police, secured another bookkeeping job where she pocketed a further £37,668, The Herald reports

Royal Bank of Scotland has launched an investigation into allegations that there is a "culture of bullying" at the bank, The Herald reports. A whistleblower has alleged that staff working on "Project Amethyst" faced intimidation, threats and humiliation from two senior managers.

Alan McIntosh discusses a recent case in Greenock Sheriff Court in which he was involved that raised some interesting questions about the effects of Time Orders under section 129 of the Consumer Credit Act 1974. A hearing is scheduled for later this month. The Facts

Land value taxation could help deliver Scotland’s land reform objectives and raise revenue in a more progressive way, according to a new report. With a total estimated value of around £5 trillion, or just over half of the total net worth of the UK, land is the most valuable asset in the

Tens of thousands of fraud victims are being denied justice because a computer algorithm dismisses four-fifths of reported cases. The Sunday Telegraph reports that 80 per cent of fraud incidents reported to the police in 2017-18 were rejected.

Dozens of pairs of designer trainers seized from a convicted gangster are set to be auctioned to raise money for fighting crime.

The Serious Fraud Office has seen the collapse of the trial of former senior Tesco executives over a £250m accounting scandal after a High Court judge slammed the SFO’s £10m case, saying it was so weak in certain areas it should not have been brought before a jury. Mr Jus

Anger over last month’s sale of Johnston Press has been re-ignited after the influential chairman of a parliamentary committee called for action from the pensions regulator. Christen Ager-hanssen, the biggest shareholder in the former Johnston Press, has branded the deal “shameful”

Wealth manager Charles Stanley has said its decision to open a new office in Aberdeen signals its “serious intentions” to expand north of the border. The firm said the team at its new office on the Granite City’s Carden Place will work with colleagues at its Edinburgh operation.

Royal Bank of Scotland has lodged an application at Scotland’s supreme civil court to transfer European clients of its NatWest Market business to its Dutch subsidiary to safeguard its business against a no-deal Brexit.

Scottish companies will be helped to trade internationally with up to £2 million in investment, over three years, as part of the Scottish Government’s export growth plan.

The last three months have seen a significant year-on-year increase in the number of homes coming to market in east central Scotland, with the volume of insertions up 14.1 per cent compared to last year.