News

Edinburgh-based Inrobin has partnered with the University of Strathclyde's Advanced Forming Research Centre (AFRC) to develop a new insurance model offering an Industry 4.0 approach aimed at achieving better pricing for manufacturers. Based on the Industrial Internet of Things (IIoT), the new model

TSB has confirmed that 17 branches will be closed throughout Scotland as part of its strategic plan. Last week, TSB announced that it would be closing 82 branches as part of a three-year strategic plan.

Partner and head of banking and finance at Lindsays, Gavin Buchan, discusses how the rise of new finance possibilities is a positive development for all. When anything crashes and burns, there is often something that rises from the ashes. Since the economy emerged from the other side of the global f

Virgin Money has posted a loss after tax of £194 million alongside an accommodation of £385m to pay for the PPI scandal. The results, which are Virgin Money's first as a combined business with CYBG, also detailed an underlying profit of £539m down 7% due to higher impairments from

UK shoppers plan to increase their spending on Black Friday this year despite being more cautious than 12 months ago, new research from Scottish Friendly has revealed. Further still, more than half (51%) of consumers don’t believe that buying discounted Black Friday items makes you better off

The proportion of Scottish businesses selling products and services through social media is lower than the rest of the UK average, new research from PayPal has found.

Lloyds Banking Group is consulting shareholders over whether to action a £220,000 pension pay cut for its chief executive António Horta-Osório. António Horta-Osório

In just six months there has been a 13% rise in the number of small businesses in Scotland saying that market uncertainty is holding their business back from growing, according to a new study from Hitachi Capital Business Finance.

Descartes University is facing criminal action for selling bodies and body parts donated for research for over a decade.

Fife buffalo farmer and star of the BBC’s ‘This Farming Life’, Steve Mitchell, has reached his £800,000 buffalo mozzarella crowdfunding goal, meaning that Scotland will soon taste its first-ever buffalo mozzarella.

Brewin Dolphin has released its annual results, highlighting a resilient year for the company in Scotland. The company's results for the year ended 30th September 2019 have revealed that total funds were £45.0bn, an increase of 5.1%, from £42.8bn in 2018.

Aberdeen Standard Equity Income Trust's annual results for the 12 months to 30th of September 2019 has revealed that the Net Asset Value total return for the year was -10.8%, share price total return was -15.1% against the FTSE All-Share Index total return of 2.7%. However, the results have also hig

Paul Denton, chief executive of Scottish Building Society, has detailed the society's commitment to open branches despite continuous cuts imposed by mainstream banks. Mr Denton said that the Scottish Building Society will officially open its newest branch on Glasgow’s Queen Street on Friday.

The first tranche of Virgin Money branches will open next month as the company phases out the Glasgow-headquartered Clydesdale Bank brand. CYBG will open its new Virgin money stores in Manchester, Birmingham and London in December.

Aberdeen Standard Investments (ASI) private placement debt team has lent £65 million to the City of London Corporation. The investment was undertaken on behalf of life insurance companies within the Phoenix Group.