News

Challenger bank TSB has revealed the 17 branches that it will close ahead of its £1.7billion takeover by Spain's Banco de Sabadell. There will be five closures in Scotland.

The pressure to have a dream wedding or civil partnership is coming at a high cost for some couples, as almost a quarter (24 per cent) of Scots borrow to fund their big day, according to new research. Debt advice and solutions provider Debt Advisory Centre Scotland found that, on average, Scottish n

Edinburgh-based planar display systems maker Pufferfish has closed a new round of funding in conjunction with the Scottish Investment Bank. The successful drive will see around £600,000 invested in further product development and in targeting increased penetration of markets in the USA and Canada.

An assistant manager from Motherwell who worked in the trust department of accountancy firm Grant Thornton has admitted embezzling £726,000 from trusts that were set up to help charities. Glasgow Sheriff Court heard yesterday how mother of three, Susan McMahon, 34, exploited her position to falsifi

Latest figures from the UK Insolvency Service have revealed that the number of Scottish construction companies forced into compulsory liquidation fell from 727 during 2013 to 578 during 2014. That is a year-on-year reduction of 20 per cent and 58 per cent fewer bankruptcies than were recorded in 200

Mr Adam with Councillor Judy Hamilton and empty homes officer Joanne Saurin. Fife Council has approved the first successful loan from the ‘Empty Homes Loan Scheme’, a scheme available to owners of long-term empty homes with properties that require extensive repairs to bring them up to a lettable

Perth-based Braveheart Investment Group has today announced that it is to terminate its partnership alternative financing platform Crowdcube. A statement from Braveheart said that once two committed investments between the pair are finished, “it will henceforth not be working with Crowdcube either

Edinburgh-based Royal Bank of Scotland has this morning posted a £446m loss for the first quarter of the year. The 80 per cent state-owned lender said results were impaired by the setting aside of provisions for a further £334m in the wake of allegations about foreign exchange manipulation.

Shareholders who gathered at Dundee’s Gardyne Theatre for Alliance Trust’s much anticipated AGM yesterday let out a collective gasp as it was revealed that the board’s protracted - but ultimately doomed - battle with an activist investor had cost the firm £3 million. The company spent a simil

French Duncan LLP has taking over the running of George Hunter (Demolishers) after the firm was this week put into liquidation following a protracted battle with HMRC. The Glasgow-based company, which traded as Hunter Demolition, employed around 50 staff at its peak, turning over up to £7 million.

Keith Cochrane Glasgow-based engineering giant Weir Group has announced plans for more cost-cutting measures including redundancies after being rocked by a 23 per cent fall in orders for its oil and gas business.

Dougal Gunn Sharp Scottish brewer Innis & Gunn has embarked on an innovative fundraising scheme that will see it attempt to raise £3 million through the sale of so-called “beer-bonds” that can be redeemed against beer at its online shop.

The UK’s biggest bank has published the results of a new survey that suggest we are now seeing the death of the traditional idea of leaving an inheritance. HSBC found that around half of the UK’s retirees say they are now “giving while living”.

Scottish landlords are enjoying the highest annual rental returns ever recorded north of border, according to the latest data. The figures provided by Your Move, show that Scottish landlords have seen total annual returns of 9.7 per cent on average in the 12 months to March.

The Scottish Government has announced an initial £6 million of financial support for economic growth in Fife following the announcement on Monday of hundreds of job losses at paper-maker Tullis Russell. Holyrood officials said the money will used in part to help fund retraining for the workforce at