News

The head of Deloitte in Scotland wants to set up a digital hub to help the accountancy firm’s clients across the UK make better use of online technology. Steve Williams, who started in the role in March this year, hopes to start work on the venture shortly and build up a team of software engineers

A new £2.5 million fund will give Scottish motorists access to an interest-free loan of up to £50,000 for electric or plug-in hybrid vehicles. The Electric Vehicle Loan is open to anyone looking to buy a new electric or plug-in hybrid car or van, and is offered in addition to the UK Government’s

The recovery in Scotland’s labour market continued into the second half of 2015, though there were signs of the upturn slowing, the latest Bank of Scotland Report on Jobs has shown. July saw both a rise in demand for staff and an increase in average starting salaries, but in each case the rates of

David Lonsdale Scottish retailers have called for action from "government at all levels" to arrest the decline in footfall on the nation’s high streets and the rising number of vacant shops.

Alexandra Lindsay Private equity fund manager Calculus Capital has invested £2.1 million in Edinburgh-based synthetic biology firm Synpromics.

Edinburgh’s controversial trams system lost less during its first months of operation than has previously been anticipated. Having been launched at end of May last year, after six years of disruption and cost increases, the service lost almost £450,000 in 2014.

New research from PwC has revealed that people want their pensions to be treated more like Individual Savings Accounts. Over half of Scots surveyed say tax relief on pension contributions should be scrapped and replaced with tax-free pension payments in retirement – the strongest point of view amo

Union Street, Aberdeen. The value of commercial property transactions in Aberdeen reached £201million in the second quarter of 2015, a three-year high for the Granite City.

Business leaders throughout Edinburgh and the South East of Scotland are being urged to pledge their support for a proposal designed to accelerate growth in the region. A bid for a £1bn City Region deal is being developed for submission to the Westminster and Scottish governments in early September

Les Matheson The head of retail banking at Royal Bank of Scotland has come out in defence of the 73 per cent taxpayer-owned lender’s decision to end promotional, or ‘teaser’ rates on their financial products.

Royal Bank of Scotland is among nine global banking giants that have agreed to pay $2bn (£1.3bn) in settlements to US investors over claims the firms rigged foreign exchange rates. According to the BBC, the RBS is joined by HSBC, Barclays, BNP Paribas, Bank of America, JP Morgan, Citibank, Goldman

Edinburgh-based urban regeneration specialist Sigma Capital has raised £20 million through a share placing to build its own portfolio in the private rented sector (PRS). The initiative follows the Edinburgh-based firm’s existing PRS joint venture agreements with Gatehouse Bank and Grainger.

Mayank Patel An entrepreneur who launched his currencies trading business with £4,250 of start-up capital has just sold it for more than £200 million to the private equity firm that is buying RBS spin-off bank Williams & Glyn.

Edinburgh-based Aegon UK’s latest results have shown its platform enjoyed more than £1 billion of inflows during the second quarter of 2015. News of the swelling of assets on the platform to £4.6bn came in the firm’s Q2 2015 results, published this morning, which cited a combination of new mon

Controversial plans to build a new hotel at the heart of Edinburgh's new St James commercial centre development have been given the green light, despite concerns that its centrepiece ‘ribbon’ design could “damage” the city’s skyline.