News

Allan Leighton The Co-operative has today posted a profit of £124m for 2014, marking a remarkable turnaround for the Group which suffered a £255m loss in 2013.

The Bank of England has announced that UK interest rates are to remain at 0.5 per cent, more than six years after the record low was introduced. Expectations of a rise any time this year have been put on hold with Consumer Price Index (CPI) inflation at zero.

Matt Henderson  

Ian Williams One in seven Scots say they borrowed money last month to buy food, according to research carried out on behalf of debt advice and solutions provider Debt Advisory Centre Scotland (DACS).

The University of Aberdeen has put a number of major projects at the campus on hold as part of plans to reduce its budget by £10.5 million. All capital expenditure projects which have yet to start have been put on hold for three months, including the £100m energy research centre and the redevelopm

Steven Nicholls Aberdeen Asset Management has launched four multi-asset funds aimed a retirees exploring post pension reform options.

Douglas Robertson A total of 44,826 new cars were sold in Scotland's last month marking yet another record month for motor registrations.

Martin Ellis Latest figures released by the Halifax have revealed that UK house prices rose by 0.4 per cent last month.

The Gleneagles Hotel has seen a near £1 million rise in profits for the financial year prior to its hosting of the Ryder Cup. Latest annual accounts for the iconic golf location filed at Companies House show turnover rose 12 per cent from £38.8m to £43.6m in the 12 months to June 30, 2014.

Paul Darlow, actuary at Xafinity New research has revealed that the 55 and overs are not all risk-taking baby boomers but are in fact becoming ‘Generation Cautious.’

Sandy Begbie Standard Life director Sandy Begbie has sold share options worth almost £1 million.

Craig McKinlay, mortgages director at Halifax Fewer than half of people aged between 20 and 45 are making financial plans to save for a house while the number of those saving for a deposit has fallen, according to a new report.

Murray Shaw Law firm Gillespie Macandrew has announced major changes to its leadership team, with Murray Shaw becoming chairman and Chris West taking over as chief executive from Ian Turnbull.

A Fife-based credit union has become embroiled in a police fraud investigation amid reports that funds were embezzled. Police are probing accounts at Glenrothes and Methilhill-based Kingdom Credit Union Ltd.

A croft on the Isle of Lewis has become the 1,000th croft to be registered on the online Crofting Register. The Barvas croft was registered this week by Registers of Scotland (RoS) and became public record this morning.