News

Dina Devalia and James Sleight of PKF Geoffrey Martin & Co have been appointed as joint administrators of Glasgow-based Greater Milton and Possilpark Credit Union which has collapsed. The Financial Services Compensation Scheme (“FSCS”) has also declared the credit union in defau

Blair Nimmo and Geoff Jacobs of KPMG and joint administrators of stricken Dundee-based contractors McGill & Co Limited, have concluded a sale of the business and certain assets to Catalus Energy Investments Ltd. Messrs Nimmo and Jacobs were appointed as Joint Administrators of McGill &

A bank employee who stole more than £50,000 from customers’ accounts has had his sentence reduced following an appeal. Rameez Hamid, who was sentenced to the three years’ imprisonment after pleading guilty to embezzling some £51,000, argued that the custodial term was “

Plans to create a dedicated ‘digital quarter’ next to Edinburgh Airport are set to progress after the proposals were unveiled at international property fair MIPIM. The ‘Crosswind’ project could see the airport’s disused second runway transformed with offices a

With ISA season well underway, Edinburgh-based LendingCrowd has revealed that transfers to its fintech lending platform are more likely to come from Cash ISAs than any other type of tax-free account. LendingCrowd, which launched in late 2014 and has facilitated over 610 loans to SMEs, was one o

The cost of rent in Edinburgh is on the rise while demand drops in Aberdeen, according to the latest housing report by global mobility experts, ECA International (ECA).

The Financial Conduct Authority (FCA) has fined Carphone Warehouse more than £21.1 million for failings that led to the mis-selling of “Geek Squad”, a mobile phone insurance and technical support product. This follows an FCA investigation which stemmed from whis

Neil Mitchinson, director of Edinburgh Asset Finance, says his firm has identified a gap within a saturated market The amount of personal debt in the UK is truly staggering and there is little sign that the nation’s insatiable appetite for borrowing – be it for the staples of life o

Four industry experts have been appointed to an advisory group established to help grow Scotland’s exports.

Business development organisation Entrepreneurial Scotland (ES) has announced a further two speakers for its upcoming annual Summit, on April 25 – the foremost networking event on the annual Scottish business calendar. David S. Rose, chief executive officer (CEO) of the global financ

The Swiss National Bank has today put into circulation its new new 1000-franc note, which is one of the highest denomination notes in the world, with a value of £760. The revamp of the note stands in contrast to other central banks around the world which are moving away from large notes b

The Financial Reporting Council is to be shut down and a new regulator introduced to transform the audit and accounting sector in the UK in response to the findings of the comprehensive Independent Review of the industry led by Sir John Kingman, the UK government has announced.

Lloyds Bank, Natwest and Barclays have announced that they will pilot the UK’s first shared business banking hubs. The first hub opened its door in Perry Barr, Birmingham this week.

Glasgow-based investment syndicate Kelvin Capital has moved into its tenth year of business by completing its biggest investment year yet. A total of £10.5 million was invested across nine businesses in its portfolio in 2018, made up by eight follow on investments and one new investment.

Financial services body Scottish Investment Operations (SIO) has this week said it plans to double in size with a target of growing group membership by 100 per cent within two years by offering different levels of subscription. The strategy for growth was outlined last night in Edinburgh when the or