News

Edinburgh-based Scottish American Investment Trust has reported a net asset value return of 0.5 per cent in the half the first six months of 2018, with the share price total return also being 0.5 per cent.

Debbie Crosbie CYBG – owner of Clydesdale Bank, Yorkshire Bank and its digital banking service, B – has announced a strategic partnership with online payment platform PayPal, designed to enhance digital payment options for customers.

UK households have become net borrowers for the first time in 30 years, according to the Office for National Statistics.

John Hannah, managing partner of SBP North-east accountancy firm SBP Accountants & Tax Advisers has invested a seven-figure sum in a new Aberdeen office in the city’s west end.

David Ferguson Edinburgh-based fintech company Nucleus Financial has made its debut on London’s Alternative Investment Market this week.

Gill Hunter Glasgow-based accountancy firm Fitzallan Limited has announced the appointment of Gill Hunter to its financial planning and investment advisory business.

Aidan O'Carroll Aidan O’Carroll, a senior partner at EY in Scotland, has been named as the new chair of the Institute of Directors north of the border.

The Financial Conduct Authority (FCA) has today published a Discussion Paper on price discrimination in the cash savings market, setting out a range of options to address issues faced by longstanding customers including introducing a basic savings rate (BSR).

UK Finance has reported that mortgage approvals for house purchases rose to a nine-month high in June, although they were still down modestly year-on-year and below long-term average levels.

Half (50.4 per cent) of the British workforce would be open to relocating within the UK for work, with London, Manchester and Edinburgh revealed the most desirable places to live in the UK.

Law firm Weightmans has further strengthened its Scottish offering with the appointment of three new partners, taking the number of arrivals to the UK firm’s Glasgow office in recent months to seven.

Damian Payiatakis The Millennial generation is four times more likely than older people to invest their money for positive social and environmental impact, according to new research from Barclays.

Swedish bank Svenska Handelsbanken AB (Handelsbanken) has agreed a multi-million loan to Thistle Property Group to acquire office buildings Forth House and Playfair House in central Edinburgh.

Tim Cooper The latest statistics from Accountant in Bankruptcy (AiB) for the first quarter of 2018-19 show total personal insolvencies, which include both bankruptcies and protected trust deeds (PTDs), rose by 11.8 per cent relative to the first quarter of 2017-18.

A Scottish Green Party MSP is proposing changes to the law to help local councils tackle Scotland’s housing crisis by controlling the growth in private homes being used as holiday accommodation.