News

Luxury car maker Aston Martin has announced plans to raise £500 million in emergency funding.

The United Kingdom ranked second globally (and number one in Europe) for the $4.9 billion of investment provided to the fintech industry, according to a new report by Innovate Finance.

The Financial Conduct Authority (FCA) has issued information for firms during the Brexit implementation period. The authority said that during the implementation period of the UK's withdrawal from the EU today, which is due to last until 31st December 2020, EU law will continue to apply.

A Japanese single malt whisky is to go on sale for 3 million yen per bottle - the equivalent of £21,000.

Aberdeen-headquartered global payroll specialist activpayroll has secured investment from Tenzing Private Equity. The amount invested my Tenzing remains undisclosed.

Despite anticipations of a rate cut, the Bank of England has not cut its interest rates, holding the rate at 0.75%. The bank announced today that its Monetary Policy Committee has voted by a majority of 7-2 to maintain the rate.

Lloyds Banking Group will be closing 56 more branches across the UK this year, with 15 Bank of Scotland branches to close in Scotland. 

Ian Smith, group chief financial officer (CFO) of Virgin Money UK PLC, will join Nordea as group CFO and head of group finance. Mr Smith will also become a member of the group leadership team.

Dundee-based shopfitting firm Primero Contracts has completed a seven-figure management buyout thanks to a funding package from Royal Bank of Scotland.

Singapore-based Q Investment Partners (QIP) and HG Developments Limited (HGD) have secured debt finance from UK development lender Maslow Capital for their purpose-built student accommodation (PBSA) development in Edinburgh.

BDO has been appointed as administrator of famous Leicestershire motorbike company Norton Motorcycles.

Glasgow Chamber of Commerce has elected City of Glasgow College principal and CEO Paul Little as its new president for a two-year term. Mr Little succeeds Jim McHarg, HR director at Trillium Flow Technologies. His deputy for the term is Gillian Docherty, CEO of Data Lab.

Virgin Money has reported an 0.8% quarter-on-quarter decline in its mortgage lending to £59.6 billion in the three months to the end of December. Attributed to a highly competitive mortgage market, the decline follows a change in strategy at the challenger bank last year when bosses made the d

Peter Armitage, former fund manager of Capital International, has gifted the Ardoch Estate in Loch Lomond to Children's Hospices Across Scotland (CHAS). The gift also includes a £1 million cash donation.

Stonewall has released its Top 100 Employers 2020 listing with financial organisations featuring making the cut.