News

Edinburgh-based challenger bank Tesco Bank has today announced a 12 per cent rise in annual profits. The lender, which employs most of its 4,000-strong workforce in Edinburgh and Glasgow, said customer lending rose 10.6 per cent in the year to £8.5 billion, “underpinned by double digit growth in

Clydesdale Bank has announced that it is to close nine branches throughout Scotland. The move by the recently floated CYBG will see total of 26 Clydesdale and Yorkshire Bank branches which are lapsed-lease or considered unsustainable close across the UK.

Adrian Grace Edinburgh-based life and pensions group Aegon UK is to offload most of its UK annuity portfolio to specialist insurer Rothesay Life.

Martin Gilbert Martin Gilbert, chief executive and founder of Aberdeen Asset Management has said that despite a recent onslaught of bad news for the firm, “There is a glimmer of hope this year, but no more.”

Graduates from richer family backgrounds earn significantly more after graduation than their poorer counterparts, even after completing the same degrees from the same universities. This is one of many findings in new research published today which looks at the link between earnings and students’

UK Home-owners borrowed £8.7bn for house purchase in February, up 4 per cent month-on-month and 21 per cent year-on-year, according to latest data from the Council of Mortgage Lenders. This is the most amount borrowed in the month of February for house purchase since February 2007, the CML said.

Scotland has the most frequent gamblers of anywhere in the United Kingdom, a new study has found. Online research conducted by the polling company YouGov shows more than a quarter of adult Scots (28 per cent) gamble at least once a week, over five times the number of adults in the South West of Engl

New tenants renting from private landlords in Scotland have been faced with the highest percentage rental increases in Britain outside London, according to a new survey. The latest figures from the HomeLet Rental Index reveal that rents on new tenancies signed on a UK rental property outside of Lond

Alan Mahon and Josh Littlejohn of Brewgooder. Brewgooder, the new craft beer brand launched by two Scots-based social entrepreneurs, has successfully crowd funded its first production run three weeks after launching.

Glasgow-based property development company London & Scottish Investments Ltd (LSIL) has submitted a detailed planning application to South Lanarkshire Council for a major new £40 million retail development at Peel Park, East Kilbride.

The world’s biggest brands and businesses are still failing to tap into the trillion pound Muslim lifestyle market, according to the UK’s first-ever B2B conference discussing the fast-growing sector. Over 150 businesses took part in MLE Connect in London which discussed and showcased how the Mus

Perth-based transport giant Stagecoach has placed orders for about 480 buses and coaches in deals worth a total of £97m. The firm said it was buying £82m worth of new vehicles for its regional networks in England, Scotland and Wales.

Ronnie Brown

The Financial Conduct Authority (FCA) has banned former Royal Bank of Scotland LIBOR submitter Paul White from performing any function in relation to any regulated financial activity and publicly censured him. The FCA said that were it not for Mr White’s serious financial hardship, the City watchd

Glasgow-based global engineering giant, The Weir Group, has ended its 70-year relationship with EY and confirmed that ‘Big Four’ rival PwC is to take over as its new external auditor. PwC will begin audit and assurance services at Weir, which is one of Scotland’s biggest employers and operates