News

The Financial Reporting Council (FRC) has launched a substantial and ambitious revision to the UK Stewardship Code. The new code substantially raises expectations for how money is invested on behalf of UK savers and pensioners.

Andrew Bailey delivered a speech at the Lord Mayor's City Banquet at Mansion House emphasising that there are strong benefits from free trade and open global financial markets and the Financial Conduct Authority (FCA) will continue to support them. He also said that a big question for the FCA is how

A restaurant in Lima, Peru has been fined $90,000 for giving women a different menu when they dine with men.

Royal Bank of Scotland (RBS) has posted a loss in the third quarter after being hit by £900 million in charges for payment protection insurance. The bank also said that its investment bank had a "particularly challenging" three months.

Stuart Robb and Michelle Elliot of Leonard Curtis Business Rescue & Recovery Limited have been appointed joint administrators of Sharc Highlands Limited and issued a call for expressions of interest in the company's assets. The company is a wholly-owned subsidiary of Sharc Energy Limited, which

A new global fitness franchise, F45 Glasgow, will open its first studio in Scotland next month after securing a £120,000 loan from HSBC UK.

Growth among Scottish SMEs exceeds the UK average but firms are still not fulfilling their export potential, research by Censuswide for UK Export Finance (UKEF) has found.

Citizens Advice Scotland (CAS) issued a warning yesterday that an increasing number of people may be being sold debt solutions that don’t work for their circumstances. CAS made the claim in response to the latest quarterly figures released yesterday from Accountant in Bankruptcy, which show a

UK software consultancy Infinity Works has opened a new office in Edinburgh after winning a second major client in the Scottish financial services industry. The client is an unnamed but "well-known bank".

St Andrew’s Brewing Company, Creo Engineering and EVi Charge Points have secured loans of £100,000, £40,000 and £25,000 respectively from Business Loans Scotland (BLS) to support business expansion and recruitment of new employees. BSL is fully funded through the Scottish Gro

Ben Zielinski, a senior associate in the commercial litigation team at Shoosmiths in Edinburgh, considers the significance of a recent judgment in the Court of Session that has given greater clarification of how much notice a landlord needs to give to terminate a commercial lease in Scotland. A rece

Scottish retailers are likely to face a £12 million increase in their business rates bill, new analysis from the Scottish Retail Consortium (SRC) has revealed The Office of National Statistics Consumer Price Index (CPI) figure revealed inflation in September stood at 1.7%. The September figure

The Association of British Insurers (ABI) is urging the government in its forthcoming budget due to cut the rate of Insurance Premium Tax (IPT) to ease the squeeze on families and businesses who do the right thing by taking out insurance. The standard rate of IPT has doubled since 2015, most recentl

Megan Butler, executive director of supervision - investment, wholesale and specialists at the Financial Conduct Authority (FCA), delivered a speech at the Royal United Services Institute in London. In her speech, she emphasised that financial crime and the criminal activity it facilitates caus

The president of Turkmenistan, Gurbanguly Berdimuhamedov, has ordered several banks in the country to fund an initiative to improve the pedigree of the Alabay dog breed. He has issued a presidential decree which means that eight banks are required to contribute a 12.5% stake each, according to TDH n