News

Strong growth has been recorded in Edinburgh’s hotel industry while reductions in performance have been registered in Glasgow and, most notably, Aberdeen, according to latest data for the month of June.

The Bank of England’s stress tests have been labelled “worse than useless” in a report produced by a leading financial institution.

A masked man has made off with a four-figure sum after holding up a Royal Bank of Scotland branch in South Lanarkshire.

Paul Wheelhouse The volume of Scottish manufactured export sales has dipped slightly over the first three months of 2016, according to statistics published today.

Santander UK has placed a formal bid for the tranche of Royal Bank of Scotland branches being sold-off under the title of ‘Williams & Glyn’ as a result of the still 73 per cent state-owned lender’s 2008 £45.5 billion government bailout, according to reports.

Aberdeen Asset Management has raised £115 million of equity from a number of UK pension funds to invest in the UK Private Rented Sector (PRS).

Peter Boyd The UK's decision to leave the European Union has directly fuelled a surge in enquiries for equity release products, according to one Edinburgh headquartered full service legal firm.

As the country prepares for this week’s widely expected interest rate cut, more and more Isas have been withdrawn from the market leaving savers with fewer and fewer options for where to put their cash.

The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies has increased from £119 billion on 30 June 2016 to £139 billion at the end of July, according to latest data.

The liquidator of a multi-million pound hedge fund who raised an action against the company’s solicitors alleging that the firm “breached its fiduciary duties” to its client will be able to pursue its claim. A judge in the Court of Session ruled that the averments of the pursuer Paul Duffy, a

Cat MacLean

EY has taken over the running of Dundee-based specialist engineering firm Galloway Group after the firm was placed into administration having been “under considerable pressure” for a number of years.

Angela Haig EQ Accountants, which employs more than 100 staff across its offices in Dundee, Cupar, Forfar and Glenrothes, has taken its partner count up to 16 following the appointment of Angela Haig.

Aberdeen Asset Management has completed the process of rebuilding liquidity levels in its UK Property Fund and the Aberdeen UK Property Feeder Unit Trust after they were hit by the impact of the UK’s vote to leave the EU.

Sue Dawe The UK’s financial services industry is facing a period of slower economic growth and market uncertainty as the Brexit decision impacts on both consumer confidence and business investment in the short to medium term, according to the latest EY ITEM Club outlook for financial services.