News

Scots-based private equity house Maven Capital Partners has announced the sale of Aberdeen-based energy services business XPD8 Solutions to John Crane Group, a division of FTSE 100 listed Smiths Group plc. The sale has delivered an attractive return on Maven client funds’ original investment and i

The creation of a new ethical finance hub for Scotland will be announced tonight at Heriot-Watt University’s Edinburgh campus. The Scottish Ethical Finance Hub (SEFH), which has received backing from the Scottish Government as well as leaders in the financial sector, will be based at Heriot-Watt U

Midlands-based investment group Mercia Technologies has opened an office in Edinburgh as it bids to target emerging early-stage Scottish businesses. The firm’s Scottish drive will be headed-up by investment manager Paul Devlin and the operation has already forged partnerships with Dundee’s Abert

Edinburgh-based Lloyds Banking Group has posted a 28 per cent increase in profits before tax for the third quarter, up to £958m from £751m in the same period last year. However, the group,which includes Bank of Scotland, set aside another £500m to compensate customers over the mis-selling of Paym

Edinburgh-based banking giant Royal Bank of Scotland has disclosed new figures that show 70 per cent of its customers who fall victim to fraud scammers never see a penny of their money again. Figures from the still 73 per cent state-owned lender show that from January to September this year almost 5

Wages in the construction industry have risen at a faster rate than any other sector over the past 12 months, according to fresh analysis of the latest data. In the last year, average pay in the building trade shot up by 5.1 per cent, the examination of labour market statistics compiled by the Offic

Danny Dickson Charity Bank, an ethical bank which uses its savers’ money to make loans solely to charities and social enterprises with a charitable purpose, has appointed its first Director for Scotland as it seeks to strengthen its current team and support more good causes there.

Police Scotland will likely see a £25 million overspend by the end of the financial year according to official figures. The Scottish Police Authority (SPA) was told the deficit stands at more than £14m than was predicted.

The number of Scottish firms failing in the third quarter of 2015 fell by 8.6 per cent to 180 from197, according to analysis of the latest figures from corporate lawyers Morisons LLP. The latest Accountant in Bankruptcy (AiB) figures show that there was a fall of 13.9 per cent in the number of compa

More than 1,400 female workers at Fife Council are to share a multi-million pound payout under an equal pay deal. Unison said a settlement had been reached with the authority for historic discriminatory pay practices, dating back in some cases to 2006.

A disgraced Scots lawyer who was jailed after embezzling more than £400,000 from a deceased person’s estate has been struck off the solicitors’ roll. Michael Karus, who was sentenced to three-and-a-half years’ imprisonment after pleading guilty to misappropriating £413,052 while acting as th

The number of Scots going bust during the past three months rose by 38.9 per cent compared with the previous quarter, according to analysis of the latest Accountant in Bankruptcy figures by leading corporate lawyers Morisons LLP. However, the data also revealed that the third quarter of 2015 (July t

Clydesdale Bank has reported a rise in retail customer savings and lending for the year to September as its Australian parent firm set a date for its sale. National Australia Bank (NAB) announced that it is to float its British subsidiary on the London and Australian stock markets in early February

The volume of residential sales in Scotland rose 6.5 per cent in the second quarter of 2015-16 compared to the same period in the previous year, according to official statistics published today by Registers of Scotland (RoS). A total of 28,019 properties were submitted for registration between July

The number of mortgage approvals in September was 24 per cent higher than a year ago, with remortgaging up 40 per cent and house purchases up 14 per cent, according to the British Bankers Association’s High Street Banking Statistics for September. First-time buyers continue to find good deals avai