News

Perth-based insurance giant Aviva has announced a proposed return of capital of £3.75 billion to the holders of its ordinary shares. The shares will be returned by the way of a B share scheme. This is in addition to the £1 billion share buy-back which is underway

The hourly tolling of two church bells has enraged a woman who is suing her council to have the practice stopped.

Bringing about positive change through ethical finance is the aim of a new partnership between the Global Ethical Finance Initiative (GEFI) and the University of Edinburgh. The partnership, announced at yesterday's launch of the Scottish Taskforce for Green and Sustainable Financial Services, aims t

The Financial Reporting Council (FRC) has issued a consultation on proposed changes to its statutory Guidance to the Recognised Supervisory Bodies (RSBs) on the recognition of Key Audit Partners for local audit. The changes have been proposed to address a recommendation made by Sir Tony Redmond in h

Blue Rock Insurance Brokers has opened new premises in the Bellshill area, generating three new jobs and bringing a customer-focused approach to the businesses of the surrounding areas. With headquarters in Ayrshire, where the Blue Rock brand was launched in 2018, the leadership team made the decisi

A new National Strategy for Economic Transformation, underpinned by detailed analysis of Scotland’s economic strengths and weaknesses, has been published by the Scottish Government.

The development of a Food & Drink Innovation Hub and the potential future Innovation Park on land adjacent to Queen Margaret University has taken a major step forward.

The Bank of England has launched a consultation on whether to scrap affordability rules for mortgage lending. In 2014, the bank's Financial Policy Committee (FPC) introduced two Recommendations to guard against a loosening in mortgage underwriting standards and a material increase in household indeb

abrdn has reported a 6% rise in profits before tax with figures reaching £1.15 billion in 2021. Adjusted operating profits rose to £323m, an increase of 47% from the £219m reported in 2020. Total assets under management and administration also increased by 1% to £542bn.

Equity investment in Scotland's smaller businesses reached £403 million by the end of 2021's third quarter, more than double the same period in 2020, according to new research from the British Business Bank. Total investment values increased by 141% compared to the first nine months of 2020 an

Accountancy and business advisory firm Johnston Carmichael has published its annual results for the financial year ending 31 May 2021, showing growth despite the challenges of the pandemic. Compared with the previous financial year when profitability was adversely impacted by COVID, turnover rose by

From today new restrictions will apply to claims management companies (CMCs) to prevent them from charging excessive fees to consumers owed compensation from financial services firms. Under new Financial Conduct Authority (FCA) rules in force from today, the maximum consumers can be charged will dep

Key players in the financial services industry are re-evaluating their approach to growth and battling for the best talent, according to a new ‘State of the Industry’ report from Barclays Corporate Banking.

Tom MacLennan, Callum Carmichael and Michelle Elliot, partners with FRP Advisory, have been appointed joint administrators of one of the UK’s largest producers and processors of fish and seafood, Dawnfresh Holdings Limited, Dawnfresh Seafoods Limited and R R Spink & Sons (Arbroath) Limited

A student has been caught with a Bluetooth device surgically implanted in his ear to enable him to cheat in a medical exam. The Indian man used the device during his last attempt at passing a test. It was linked to a phone in a hidden pocket of his trousers.