News

Auchrannie resort on the Isle of Arran has announced that the current shareholders have agreed to transfer their shares to an Employee Ownership Trust. Established by Iain and Linda Johnston in 1988, Auchrannie currently remains under the ownership of the Johnston family.

Ross McEwan Following Friday’s news that still 73 per cent state-owned Royal Bank of Scotland has lost £2.5 billion so far this year, calls have been made for the UK government to use its stake to break up the lender.

Scotland’s businesses remain optimistic about their future growth plans, despite increasing political and economic uncertainty, according to new research from accountants Grant Thornton.

Scotland’s largest independent insurance broker, Clark Thomson, has been named this year’s winner of the Scottish Financial Services Awards.

Campbell Dallas has assisted fast-growing East Kilbride-based creator of bespoke booking systems Traveltek, in securing £5.3 million in funding from the specialist private equity fund manager, YFM Equity Partners (YFM), to help finance a major global expansion programme.

Mark Williams Royal Bank of Scotland has provided a financing package to help a Scottish waste and construction services company to further expand its business.

Parents in Scotland are willing to pay an average £80,000 more to live in the catchment area of a top performing state school, according to new research from Bank of Scotland.

Leah Hutcheon Leah Hutcheon, founder and CEO of Edinburgh-based start-up and online booking specialist, Appointedd, has won Business Women Scotland’s International Growth of the Year award.

The UK government has reduced its stake in Lloyds Banking Group to below 9 per cent after Chancellor Philip Hammond sanctioned a new share sale.

Daniel McKernan Edinburgh-based global asset manager, Standard Life Investments, has launched a new bond fund to address the potential for significant drawdown that an increase in fixed income market volatility could bring.

Royal Bank of Scotland has reported losses of £469 million for the third quarter of the year as its latest attributable or "bottom-line" loss was widened by restructuring costs of £469 million and conduct and litigation costs of £425 million, as well as a deferred tax write-off of £300 million.

Royal Bank of Scotland has held discussions with a group of institutional investors aimed at settling one of several outstanding cases against the scandal-hit lender, according to reports.

Latest sales figures have shown Scottish retailers enjoyed better trading than those in the UK as a whole during the three months since the Brexit vote.

Dr Melanie Goward Glasgow-based investment house Maven Capital Partners has announced the appointment of Dr Melanie Goward as investment director to its London based investment team.