UK home-owners borrowed £8.1bn for house purchase in April, down 40 per cent month-on-month and 4 per cent year-on-year, according to latest data from the Council of Mortgage lenders. They took out 47,300 loans, down 31 per cent on March and 5 per cent on April 2015, the CML said.
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An employee at the Geneva offices of Mossack Fonseca, the law firm at the centre of the Panama Papers leak, has been arrested.
A leading economic forecaster has reported that the Scottish economy has weakened over the past three months and warned Scotland may fail to avoid a recession before the end of the year, should the trend continue. The University of Strathclyde's Fraser of Allander Institute has revised down its grow
Last month saw Scotland's high streets enjoy a five month high for sales as a result of warmer weather but the latest figures still show retailers north of the border are struggling to sustained growth. According to new data from the Scottish Retail Consortium and KPMG, May saw fashion, outdoor livi
Bob Doris MSP A Glasgow SNP MSP has announced that he is to bring Royal Bank of Scotland’s plans to close three branches in the city to task before the Scottish Parliament at Holyrood.
Marcia Campbell Former Standard Life director Marcia Campbell is rumoured to be set to be announced as the new chair of Woodford Investment Management.
The ‘Bank of Mum and Dad’ is a major Scottish lender, with over half a billion (£582m) loaned out to families, according to Bank of Scotland’s latest How Scotland Lives research. This study, which looks at family debt, identified that the average Scot owes their parents £3,079. With 28 per c
Corporate insurance broker Lockton has warned that many firms across Scotland are unaware of the implications of one of the biggest shake-ups in UK insurance law for more than a century. On August 12 this year, the Insurance Act 2015 comes into force, making major changes to legislation which has be
Louise Miller Wealth manager Charles Stanley has revealed that Louise Miller, the head of client services at its Edinburgh-based direct-to-consumer service arm, Charles Stanley Direct, has been awarded the British Empire Medal for services to UK-Serbian relations in the Queen’s 90th birthday honou
Convention Edinburgh, the business tourism arm of the city’s official marketing agency, Marketing Edinburgh, has reported its most successful year to date, securing new conference and event bid wins worth £94.3 million to the local economy and a 10,000 boost in delegate numbers. Representing a £
David Mundell Unemployment fell in Scotland by 11,000 over the last quarter, according to latest Office for National Statistics (ONS) figures released today.
The former chairman of Scottish Enterprise, Crawford Gillies, has bought Scotland’s most expensive country estate for almost £10 million. The businessman forked out the sum after the 6,235 acre Kinnaird Estate, near Dunkeld in Perthshire, came up for sale last year for £9.6m.
Introduced April 6th, 2016, the new Innovative Finance ISA (IFISA) seeks to help retail investors invest in the innovative alternative investment that is marketplace lending or peer-to-peer lending (P2P) as it’s more commonly known. Orca money explains the new innovative finance ISA with this easy
Santander, which employs more than 2000 people in Scotland, has announced that it is to launch a UK private banking division this year for the first time. The lender said the move will see it provide facilities for smaller savers with hundreds of investment funds by providing bespoke solutions for c
Scotland’s private sector received a higher volume of new business during May, with the rate of expansion accelerating to the joint-quickest in nine months, according to the Bank of Scotland. However, the increase in new work failed to lead to a rise in output, which remained broadly unchanged, th