News

Pre-tax profit at Clydesdale Bank increased 53 per cent to £133 million in the six months to March according to new figures released as the Glasgow-based bank searches for a new owner. The bank is to be demerged from its parent, the National Australia Bank (Nab), through a flotation on the London S

A Scottish brewery which is inviting its fans to become shareholders has been criticised for not providing an appropriate level of protection for its investors. Craft beer company BrewDog is currently trying to raise £25 million in capital through its fourth release of shares — an initiative it c

Markus Stadlmann Edinburgh-based Lloyds Banking Group has reported that UK household wealth has grown by £1.5 trillion or 19 per cent over the last year.

Gordon Matheson A procurement strategy has been agreed upon to take forward Glasgow’s £1.13 billion City Deal, paving the way for work to proceed on 20 ‘major infrastructure projects’ across the city region over the next 20 years.

Accountancy firm Baker Tilly, which has offices across Scotland, has won a major national award for services to small businesses.

Andrew Dunlop A former tax adviser to Margaret Thatcher who played a significant role in creating the infamous Poll Tax has been made a life peer and appointed as under secretary for the Scotland Office in a move that SNP politicians have branded “"scandalous".

Katherine Garret-Cox Alliance Trust chief executive Katherine Garrett-Cox has claimed that her £1.3m wage is only questioned by her critics because she is a woman.

Hamish Mair The University of Edinburgh has approved a £6m recapitalisation of its in house venture capital fund Old College Capital (OCC), which provides growth and development finance into companies associated with the University.

David Lonsdale Footfall numbers in Scotland during April were 1.1 per cent higher than a year ago, marking the third month of growth in a row for the figures north of the border.

Rt Rev John Chalmers Key figures from the financial industry in Scotland have today welcomed the arrival of a new Church-led player on the affordable credit landscape.

Thomas Moore Standard Life Equity Income Trust (SLEIT), managed by investment director Thomas Moore, is to focus on stocks it thinks are undervalued amid a backdrop of "stretched" valuations after it provided a 12.8 per cent diluted total return on net asset value in the first half of its financial

Don Peebles The Chartered Institute of Public Finance and Accountancy (CIPFA) has called on the Scottish Government to seize the opportunity for fundamental change to the way it controls its finances.

Hazlehead Park Councillors have backed plans to build a 200-bedroom hotel on green belt land in Aberdeen.

C&C, the Irish owner of Tennent’s lager, has become the latest drinks maker to claim that its profits are being impaired due to Scotland’s new lower drink-drive limit. C&C has reported a 1.8 per cent rise in Scottish operating profits to €39.2 million (£28.3m) for the year to 28 Febru

Margaret Burgess More than 5,000 families and first time buyers have purchased their home through the Help to Buy (Scotland) scheme, Holyrood housing minister Margaret Burgess revealed yesterday.