News

Glasgow-based lender the Clydesdale Bank has backed the £1 million purchase of the city’s Italian Kitchen restaurant by restaurateurs Richard Laciok and Marco Mozzachiodi. The pair, who own the 120-cover Viva Ristorante in the city’s Bothwell Street, bought the restaurant in Ingram Street from

Edinburgh-based Royal Bank of Scotland is set to land around £625 million from its latest sell-off of unwanted loan portfolios. The sale of the assets, believed to be Irish property loans, is going to an entity funded by Deutsche Bank and funds affiliated with Apollo Global Management.

The average house price in Scotland could exceed a quarter of a million pounds by the end of the decade, economists have predicted. While house price growth has slowed across the UK over the past 12 months, the latest UK Economic Outlook from PricewaterhouseCoopers (PwC) predicts that prices in Scot

Gavin Hood Deloitte has announced the promotion of one of its partners to lead the firm’s advisory corporate finance practice in Scotland.

Reminova chief executive Dr Jeff Wright A Perth-based company which has developed a new dental device has launched an online crowdfunding campaign to raise £1 million in capital to take it to market.

Martin Gilbert, chief executive of Aberdeen Asset Management Aberdeen Asset Management had assets worth £307.3 billion under management at the end of June 2015, a slight decline on £330.6 billion at the end of March.

Lloyds Banking Group has been ordered to reveal legal advice it received in the run-up to its takeover of Scottish bank HBOS during the 2008 financial crisis. Mr Justice Nugee, in a pre-case hearing at the High Court in London, ruled in favour of the Lloyds Shareholder Action Group, who have demande

The Royal Bank of Scotland has reportedly appointed external advisers to assist an investigation into its historic treatment of small business customers. The bank is still looking into allegations that small firms were pushed into the Global Restructuring Group (GRG) in order for RBS to charge highe

Iberdrola chairman Ignacio Galán Scottish Power expects to pay a £150 million carbon tax bill this year, prompting Spanish owner Iberdrola to complain about the tax's impact on fuel prices.

An Edinburgh-based start-up responsible for a popular mobile shopping app has won major new funding from Royal Mail Group (RMG) and other investors. Mallzee, founded in 2013 to publish a flagship shopping app by the same name, has won a total of £2.5 million from RMG and some of its existing invest

A 400-metre-long pedestrian bridge described as the "world's first crowdfunded public infrastructure project" has opened in Rotterdam.

Andrew Tyrie, chair of the Treasury committee MPs have been advised that a 500-page report into the collapse of Scottish bank HBOS has been delayed, possibly delaying it being published until 2016.

George Osborne The UK government is bringing forward legislation to improve the governance of the Bank of England and consolidate its financial regulation powers.

Mike Turner, head of multi-asset at Aberdeen Asset Management Aberdeen Asset Management has launched a new multi-asset income fund designed for "the post-financial crisis world".

Business minister Fergus Ewing The number of Scottish corporate insolvencies in the first quarter of the year is 21.2 per cent lower than over the same time last year, according to new Accountant in Bankruptcy (AiB) data.