News

Still 73 per cent state-owned, bailed-out lender, the Royal Bank of Scotland, together with three of the UK’s biggest banks, are facing £19.5bn in fines, compensation and legal expenses over the next 18 months, according to Standard & Poor’s. The latest hit would take the total paid out by

Scottish Friendly has more than doubled funds under management to hit more than £2.6bn. Latest figures released by the Glasgow-based firm show that funds rose from £1.1 billion in 2014 to more than £2.6bn in 2015, a rise of 147 per cent, on the back of the acquisition of Marine & General Mutu

Michael Thomson and Shona GeeCHAP Group has strengthened its senior team with the appointment of a new finance director and land manager.The Westhill-based group operates divisions in the construction, commercial property, house building, civil engineering and quarrying sectors. It reported turnove

Still 73 per cent state-owned, bailed-out Royal Bank of Scotland (RBS) is bracing itself for a fresh legal assault from small business owners after a group of its former customers were given the green light to launch a class action against the lender. The group, known as RGL Management, says the Edi

William Duncan + Co, one of Scotland’s longest established Chartered Accountancy practices and business advisers, has announced a number of changes in the run up to the company’s 100th birthday, including the launch of a new corporate advisory division in Glasgow and the opening of new offices

As 40,000 interest-only mortgages are set to be called in during the course of this year, half of those affected are without plans to meet payments when current arrangements mature, according to new data. City watchdog, the Financial Conduct Authority (FCA) along with Experian said in 2013 that arou

Gross mortgage borrowing of £17.1 billion recorded in March was a huge 64 per cent higher than the corresponding period a year ago, according to the latest High Street Banking Statistics published today the British Bankers Association. The total for the third month of the year was also the highest

The Post Office has made a play for more mortgage business by launching two of the cheapest fee-free mortgages now available on the market. The challenger bank, known as Post Office Money, now offers a two year fixed rate mortgage at 2.23pc for those with a 15pc deposit, with no fees and free valuat

Maureen Leslie Scottish insolvency practitioner Maureen Leslie has been appointed President of the London-based Insolvency Practitioners Association (IPA).

The volume of residential property sales rose 18.2 per cent in the fourth quarter of 2015-16 compared to the same period last year, according to official statistics published today by Registers of Scotland. A total of 19,802 properties changed hands between January and March, the highest volume of s

The rising share of income spent on housing over the last two decades is equivalent to a 10p increase in the basic rate of tax for a typical family, according to new Resolution Foundation analysis. The analysis, which forms part of the Foundation’s forthcoming housing audit, finds that the share o

Phil Anderson Phil Anderson is managing director of Aberdeenshire-based Phil Anderson Financial Services

The latest Sunday Times Rich List has revealed that the family behind one of the world’s best-selling single malt whiskies remains at the top of the annual league table of Scotland’s richest people. The family which owns the Dufftown-based business William Grant and Sons, makers of Glenfiddich,