News

John Watson A new loan fund open to small and medium-sized businesses in the west of Scotland has been launched by the Glasgow Chamber of Commerce.

Nicola Sturgeon A new £500 million package of financial support for private sector business investment has been announced by First Minister Nicola Sturgeon as she set out plans to increase economic growth in her Programme for Government.

Latest data released today by the Financial Ombudsman has revealed that it received 4,186 complaints about payday loans in the first half of the year.

Thirteen of Scotland’s leading business organisations have today written a joint letter to the Scottish Government’s Cabinet Secretary for Finance and the Constitution seeking a reversal of the decision to double the Business Rates Large Business Supplement from 1.3p to 2.6p.

Nigel Anderson A North-east financial firm has added to its team and its geographical reach by appointing a new financial advisor.

Deutsche Bank yesterday downgraded stocks in Edinburgh-based banking giants Royal Bank of Scotland and Lloyds to adjust for what it said was a “lower-for-longer” environment.

Control over VAT should be devolved to Holyrood after the UK leaves the European Union (EU), a think-tank has suggested.

Paul Charmatz A higher proportion of loans to businesses in Scotland are now being made by challenger banks compared with the UK as a whole.

Glasgow-based Clydesdale Bank has launched of a range of new mortgages, including a five year mortgage with a rate of 2.44 per cent which it claims as its ‘best ever’ such deal.

Rosalie Chadwick By Rosalie Chadwick, partner and head of corporate finance at Pinsent Masons LLP

The Nationwide is to launch a 95 per cent LTV tracker deal for home buyers with a small deposit.

A group of 12 new trainees have taken up posts with accountancy firm EQ Accountants LLP, the largest number ever recruited by the firm in a single year.

Food manufacturing in Scotland is growing twice as fast as the UK average, it has emerged.

Dr Lena Wilson More than 100 new jobs will be created at Scottish bus maker Alexander Dennis Limited (ADL) thanks to the country’s largest ever research and development (R&D) grant.

Lynne Bell Employment law, HR and health and safety specialists Law At Work (LAW) have appointed a new financial controller as part of their strategy to expand operations in Scotland and England.