News

UK and Ireland investor BGF has expanded its central Scotland team with the appointment of investors John Devine and Chris Nixon. The pair will join a team of five experienced investors working across both BGF’s Edinburgh and Belfast offices as the firm continues to look for opportunities to i

Glasgow-headquartered Virgin Money could close even more branches in Scotland after announcing plans to reduce its costs by £175 million over the next three years. The banking group, formerly known as CYBG, announced 12 branch closures in Scotland in September, which will soon leave it with ju

Aberdeen-based global payroll and employee mobility specialist activpayroll has been recognised at the UKG (Ultimate Kronos Group) Partner Awards. The company was named "Partner of the Year – HCM" at a special virtual awards ceremony hosted by UKG, a global provider of HCM, payroll, HR service

Glasgow-based VWM Wealth has become one of just five UK companies this year to achieve the Gold Standard for Independent Financial Advice in the small firms category. Judges congratulated VWM for being “a well-structured firm with clear policies and procedures to support the business", as well

Some of Scotland’s finest goods and products will be on display to an international audience after one of the world’s biggest trade events gets underway today.

Royal Bank of Scotland (RBS) has helped a Scarborough-based operator of offshore wind farm support vessels expand its fleet through a £1.8 million funding package.

Slow progress on budget talks in the US has prompted discussion of a novel work-around for the government: using a 25-year-old law to mint a trillion-dollar platinum coin.

Expected high used car demand in early 2022 has prompted Startline Motor Finance to recruit additional staff. Paul Burgess, CEO, said that 10 employees were being added to the company’s origination team, based at its Glasgow headquarters, to handle increased levels of business.

UK interest rates will remain at their historic low of 0.1% for at least another month, the Bank of England's monetary policy committee has decided. The committee voted by 7-2 to maintain the existing base rate, despite considerable speculation that it would back an increase. Two members backed an i

Scotland’s onshore GDP grew by 0.1% in August, remaining 1.3% below the pre-pandemic level in February 2020, according to new statistics from the Chief Statistician. In the three months to August, GDP is estimated to have grown by 2.6% compared to the previous three-month period.

Kelvin Capital has said it expects to triple its annual investment volume this year after putting £28.4 million into eight businesses in the first three quarters. The Glasgow-based syndicate has secured around £60 million for its portfolio companies in the last four years.

A new £3 million social housing project, built by the Fort Augustus and Glenmoriston Community Company (FAGCC), has officially opened with support from Royal Bank of Scotland. The development in Fort Augustus, near Loch Ness, opened in late October and comprises of 12 new homes for local famil

A company director in Glasgow who failed to keep accounting records has been disqualified for eight years. Rashid Munir, 42, also known as Mohammed Rashid Munir, from Glasgow, was a director of Yo Retail Ltd, which purported to trade from a business unit in Strathclyde Business Park.

The Financial Conduct Authority (FCA) has launched a discussion paper inviting views on potential criteria to classify and label investment products to help consumers navigate their sustainability characteristics. Yesterday's launch coincided with COP26 Finance Day and reflects the watchdog's commit

A group of cryptocurrency investors have bought the right to visit a one-tonne tungsten cube once a year for a whopping $250,000.