News

The economic picture in Scotland is looking more encouraging, with instances of ‘critical’ financial distress showing a marked decrease in the final quarter of 2019 compared with the same period the previous year – the first year on year fall in nine months. The latest Red Flag Ale

CMS has announced the appointment of Julie Devlin, who joins the firm’s finance practice group as an of counsel. Set to be based in Glasgow, Ms Devlin joins CMS from Dentons, bringing a wealth of experience in the specialist area of regulated credit and hire which significantly bolsters C

Businesses can now apply for interest-free loans of between £5,000 to £100,000 to help invest in digital technologies and skills. Kate Forbes, digital economy minister, officially opened the second phase of the Digital Development Loan for applications as she visited a previous recipient

Investment in Scottish commercial property remained resilient despite a dip in volumes amid political and macro-economic challenges, according to new analysis from Knight Frank. The independent real estate consultancy found that £2.074 billion worth of deals concluded in 2019. This was 10.38%

A “world-leading” Energy Transition Zone (ETZ) is planned for Aberdeen to accelerate the delivery of net zero solutions and secure a strong economic future built on offshore wind, hydrogen, and carbon capture usage and storage (CCUS), alongside oil and gas.

Philip King, chief executive of the Chartered Institute of Credit Management (CICM), has been appointed interim small business commissioner (SBC). Mr King will head the independent office of the SBC in Birmingham. It was launched in December 2017 to ensure fair payment practices for Britain's small

First Minister Nicola Sturgeon and the Lord Mayor of London William Russell are spearheading a joint effort to grow the Scottish green finance sector. On Tuesday they will co-chair a green finance roundtable in Edinburgh, bringing together prospective and current investors in the sector and prominen

Companies are benefiting from £170,000 of Scottish Government funding to use artificial intelligence (AI) to help tackle the global climate emergency. Six applicants have been chosen to develop AI-enabled technology through the Can Do Innovation Challenge Fund, managed by Scottish Enterprise.

Engineering design and manufacturing firm Albacom is set to expand after raising £500,000 to develop its business in new markets. Albacom secured a £400,000 loan from the Scottish Loan Scheme (SLS), part of the Scottish Government’s Scottish Growth Scheme, which is administered by

The £8.5 billion Lothian Pension Fund has adopted a new system developed by Charles River, allowing the fund to streamline its investment management programme. Lothian Pension Fund is one of the largest projects of its kind, with over 85,000 members and an estimated 90 employers.Charles River

Scottish companies considering a listing will hear from a panel of experts on how it can work best for their business at an IPO dinner hosted by Pinsent Masons and EY. Gordon McArthur, chief executive of fintech company Beeks Financial Cloud Group, which floated in 2017, and corporate finance expert

New York City Council has voted to ban cashless shops and restaurants.

Stuart Robb and Michelle Elliot of Leonard Curtis Business Rescue & Recovery Glasgow, have been appointed joint administrators of Houseology Design Group Limited in relation to the company’s e-commerce division, Houseology.com. The company, which was incorporated in April 2010, trades as a

Lloyds Banking Group has said it will write off tens of millions of pounds of debts to almost 200 fraud victims who were hit by the HBOS scandal.

Clydesdale Bank owner Virgin Money has begun its search for a new chairman after Dundee-born financial services veteran Jim Pettigrew announced his plans to retire by September 2021. The Glasgow-based group said that the board has initiated a search process to allow time to identify his successor an