News

Metro Bank has announced that it will repay £50 million of bailout funding to RBS. The announcement arrives as the bank altered its strategy after releasing its full-year results and scaled-back its plans for branch expansion over the next few years.

Digital enablement specialist AND Digital has announced its first Scottish office in Edinburgh thanks to an £11 million equity investment from BGF. AND Digital will utilise the investment from BGF to support the company's continued growth and global expansion.

Glasgow-based Houseology, who went into administration last month, has been bought by Staffordshire-based rival furniture retailer Olivia's in a blind auction for an undisclosed sum. Stuart Robb and Michelle Elliot of Leonard Curtis Business Rescue & Recovery Glasgow were appointed joint adminis

A dance student is seeking £500,000 in damages after she suffered debilitating neck and shoulder injuries obtained allegedly from being made to lift a heavier partner.

Edinburgh-based IFA's Principal & Prosper has appointed Barclays as its banking partner to accelerate its long-term strategy following a period of sustained growth. The bank has taken on the independent chartered financial advisers’ transactional banking and cash deposits and the support h

Dunedin, Edinburgh-based mid-market private equity house, has appointed Claire Blackhall and James Morrison into its dedicated research and direct origination team. This new team provides the wider investment team with pre-qualified target companies to approach, as well as the co-ordination of valua

Edinburgh chocolate producer Ocelot is ready for a busy 2020 after installing more tempering equipment, thanks to a £40,000 loan from UMi Debt Finance Scotland. Husband and wife team Matt Broadbent and Ish Neat began by making chocolate in their kitchen and selling it at farmers’ markets

Royal Bank of Scotland has agreed a 10-year revolving credit facility for Dumfries and Galloway Housing Partnership (DGHP) just weeks after the housing association secured a £114 million investment deal with M&G Investments. DGHP said the £35m of private investment wil

The rate at which the over-55s are extracting money from their pension savings could leave many at the risk of running out of money in retirement, the Association of British Insurers (ABI) has warned. ABI has said that five years on from the launch of pension freedoms, the idea of "cash today, pover

Chartered accountant Wylie & Bisset has issued a warning to charities about the risk of fraud. While the true cost of fraud to UK charities is unknown, the Fraud Advisory Panel estimates that it could be as high as £2 billion a year. According to the Office for National Statistics, there w

Aberdeen-based Infinity Partnership is supporting the next generation of accountants with its latest recruitment drive.  Emma Dykes and Jane Gordon are aiming to become Association of Chartered Certified Accountants (ACCA) qualified accountants, while Robert Gordon University graduates Suzannah

Alison Rose, chief executive of RBS, has been appointed as chair of Business in the Community’s Scotland advisory board. Mr Rose has also joined Business in the Community’s board of trustees. Ms Rose has worked at RBS for 27 years. Prior to her current role as chief executive, she was de

AIM-listed housebuilder Springfield Properties said today it remains confident of achieving growth in line with management expectations after reporting increased sales, profit and margin. Interim financial results for the six months ended 30 November 2019 revealed revenues at the Scottish developer

Digital challenger bank Revolut, chaired by Standard Life Aberdeen boss Martin Gilbert, is now valued at £4.3 billion ($5.5bn) after securing $500 million from investors.

A Scottish business leader has donated £250,000 to help fund major improvements to educational facilities at Harmeny Education Trust which supports some of Scotland’s most vulnerable children. The donor, who does not want their identity revealed, gifted the money to meet the cost of buil