News

The number of personal insolvencies seen across Scotland rose by 11.2% during the first six months of 2022. Amid spiralling inflation and rising interest rates, fuel and energy costs continue to put households under pressure leading to an increase in personal insolvencies.

The rate of credit card borrowing has reached 12.5%, the highest annual growth rate since 2005.  Figures in the Bank of England's Money and Credit June 2022 report show that individuals borrowed an additional £1.8 billion in consumer credit in June, on net, following £0.9 billi

Elvis Presley's personal jewellery collection is set to go up for auction at the end of this month. The collection, which Presley gave to his manager Colonel Tom Parker, will be up for grabs on August 27.

HSBC has released its 2022 H1 results and reported profit after tax of $9.2 billion (£7.5bn). Pre-tax profit has fallen but has come ahead of expectations. The bank has said it expects net interest income of at least $31bn (£25bn) for 2022 and at least $37bn (£30bn) for 2023,

Fast-growth businesses in Scotland attracted over half a billion pounds of venture capital (VC) investment in the first half of 2022, according to the latest figures from KPMG UK. Despite investors becoming more cautious globally, there were 45 investments completed in Q2 2022, raising over &po

Wylie & Bisset has advised company directors who are struggling to meet Bounce Back Loan Scheme (BBLS) repayments, to speak to an accountant to assess the viability of their business going forward and explore their options to avoid the risk of prosecution. In April 2020, at the outset of the pan

Michelle Elliot and Stuart Robb from FRP Advisory have been appointed joint liquidators of Perth-based car sales firm Jackson Mathieson Car Sales Limited. The company, which is based at Inveralmond Industrial Estate, closed suddenly earlier this summer.

Bank of Scotland-owner Lloyds Banking Group has announced that it will be closing 66 branches between October and January of next year. A total of 48 Lloyds Bank branches and 18 Halifax branches will be closing, none of which are in Scotland.

The Glendronach Distillery, located in the Valley of Forgue in Aberdeenshire, is set for a £30 million expansion to help meet increased demand. Brown-forman, the owner of the distillery, revealed that the investment follow a tripling in demand for the distillery's single malts since Glendronac

Phil Anderson, company founder and managing director at Phil Anderson Financial Services (PAFS), is set to release the 100th episode of his podcast ‘The UK Personal Finance Show,’ as total downloads of the series reach 66,253. Launched in August 2020, the weekly podcast features radio ho

Henderson Loggie has appointed Helen Young to lead the accountancy firm’s learning and development strategy. An experienced strategic consultant, Ms Young brings over 25 years of experience in organisational and people development. She will be responsible for creating development pathways to s

Global wealth management firm Investec Wealth & Investment has announced that it will acquire Edinburgh-based wealth management company Murray Asset Management for an undisclosed sum. The acquisition of the firm, which will see the transfer of the 20-strong team of staff at Murray Asset Manageme

Leeds Building Society has announced that it will no longer lend money to people buying second homes.

Construction firm McGill, who recently won contracts with Dundee City Council and the Scottish Police Authority, and several housing associations, is preparing to enter administration for the second time in less than four years, according to a report by The Courier. 

Fake violinists using pre-recorded music to solicit donations on the street have become a "nationwide problem", US police have said. Police forces in Maryland, Connecticut and Michigan are among those which have warned the public to be aware of "scam violin players".