News

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.

Atelier Capital Partners has launched into the short-term lending and development finance market with finance provided by funds managed by M&G Investments. The company, which formed last year, provides finance for developments across the UK and has already financed projects in Scotland.

Children's charity Kibble has announced that it will own a 27.5% stake in St Mirren Football Club as part of an innovative new partnership to grow opportunities for young people. If plans go ahead, Kibble will own a 27.5% stake in the club, opening future job prospects and opportunities in employmen

As the world’s largest oil and gas companies face mounting pressure to address the climate emergency, new research from CMS reveals that a significant majority of the sample – equivalent to half of worldwide production – is adapting their strategy to invest in a more diverse energy

With mounting cost pressures continuing to put the squeeze on motor premiums, the Association of British Insurers (ABI) is urging the government to help motorists by reducing the rate of Insurance Premium Tax (IPT).

Expectations for Scottish commercial property during the year ahead have improved following last month’s election result, according to the Q4 2019 RICS Commercial Market Survey. Scottish surveyors, on balance, expect commercial rents and capital values to rise overall in the 12-months ahead, h