News

New data has revealed that the accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies increased from £81bn on 31 March 2016 to £92bn at the end of April. At 29 April 2016, asset values were £655bn, representing a fall of £2bn compared to the corres

Britain's small and medium-sized enterprises (SMEs) are planning to invest for future growth, according to new research from specialist lending and savings bank, Aldermore. The new data show SMEs are proactively looking for opportunities to grow over the next five years.

Bob Cherry Property sales across Ayrshire have been driven forward by cash buyers making successful offers and quick sales, according to estate agents CKD Galbraith.

Glasgow-based investment house Maven Capital Partners has completed a £2.5 million investment in The GP Service, a provider of online services for general medical consultations and prescriptions. The investment will enable GPS to accelerate the roll-out of its service across new geographical locati

Susannah Green Psigma Investment Management has continued its rapid expansion in Scotland with its fourth appointment this year.

The number and value of debt judgments against businesses in Scotland fell sharply during the first quarter of the year, according to figures released today by Registry Trust. The non-profit organisation, which collects judgment information from jurisdictions across the Britain and Ireland found the

Professor John McLaren New analysis has found that Scottish GDP has grown by just 4 per cent in cash terms since 2008, compared with 23 per cent for Britain as a whole, according to new research.

Scandal hit Glasgow-based lender Clydesdale Bank has had another £450 million set aside to compensate customers mis-sold payment protection insurance (PPI), according to the latest results of its former owner. The new provisions take the total cost of mis-selling various financial products at the b

Edinburgh-based challenger banks Virgin Money and Sainsbury's Bank have both released strong trading results as they continue their relentless drive for market share. Sainsbury’s, which is based at Edinburgh Park, said underlying profit rose by nearly 5 per cent, to £65m last year.

Mark Thomson Scottish Building Society - the world’s oldest building society and Scotland’s last remaining independent mutual lender - has announced annual results for the year to 31 January showing “a solid performance” with a growth in mortgage assets of £3.4 million and gross lending ris

Sir Howard Davies The board of Royal Bank of Scotland survived a potential shareholder revolt at its AGM yesterday but bosses were subjected to a series of protests over executive pay packages, legal struggles and staff pensions.

Simon Cowie Aberdeen-based accountant and business advisory firm Infinity Partnership has been shortlisted for three prestigious awards.

Lord Boyd of Duncansby A gambler who lost more than £90,000 after placing an online bet on a Scottish football match has failed in a legal challenge over the bookmaker’s decision to refuse to pay out.

Standard Life has announced the acquisition, through its subsidiary Standard Life Savings, of AXA Portfolio Services Limited (trading as Elevate) from AXA UK. The deal will create one of the UK’s largest adviser platform businesses with combined assets under administration of £36.4bn, bring more

Barclays Mortgages has today made the controversial move to reintroduce the 100 per cent mortgage back into the UK housing market. Such products were slammed in the wake of the 2008 financial crisis for being a major catalyst of the meltdown.