News

Royal Bank of Scotland-owner NatWest Group has signed agreements with TrueLayer, GoCardless and Crezco to offer Variable Recurring Payments (VRP) as a new payment option for businesses and consumers. The announcement means that NatWest Group will be the first UK bank to go beyond the requirement for

Phoenix Group has launched a new Innovation Forum that will look to use the latest FinTech innovation to build greater engagement and support the well-being of its customers, driving forward greater financial inclusion. In collaboration with TCS’ Co-Innovation Network (TCS COINTM) innovation e

Corporate insolvencies in Scotland remained steady in the first quarter of 2022, as a series of compounding crises – from inflation and supply chain disruption to the impact of the conflict in Ukraine and the COVID pandemic – continue to place pressure on businesses. Analysis of notices

The Bank of England (BoE) has raised interest rates from 0.75% to 1%, in an attempt to fight rising inflation. The bank's Monetary Policy Committee (MPC) by a majority of 6-3 to increase the bank rate by 0.25 percentage points. Those members in the minority preferred to increase the rate by 0.5 perc

Annual house prices in Aberdeen city and its suburbs have risen by 1.4%, according to the latest Aberdeen Housing Market report from the Aberdeen Solicitors’ Property Centre Limited (ASPC) and the University of Aberdeen, Business School, Centre for Real Estate Research.

Scottish shopping centre footfall in the four weeks of April declined by 20%, signalling an improvement on the decline of 32.0% in March, according to the latest Scottish Retail Consortium (SRC) and Sensormatic IQ Footfall Monitor.

Anderson Anderson & Brown (AAB), the tech-enabled business critical services group, today announced a merger with FPM, an all-Ireland independent accountancy and business advisory firm, building on its regional presence across the UK and creating a significant new hub across the island of Irelan

BCI Industrial Services, the quality and inspection services specialist, has relocated to the Energy Development Centre (EDC) on Moorfield Group’s Aberdeen Energy Park in Bridge of Don, in line with the company’s ambitious growth plans. BCI has agreed a five-year lease for Unit 8 of the

The Bank of England’s anticipated relaxation of lending rules this week risks a potential housing price crash, according to property firm DJ Alexander Ltd. The firm said that the banks’ predicted decision to ease the stress testing limits to allow increased borrowing for buyers will pote

Cabinet secretary for finance and the economy Kate Forbes yesterday addressed the second meeting of a new task force, set up to transition Scotland to become a global leader for Green and Sustainable Financial Services. Set up at the end of February, the task force brings together the Scottish finan

Scotland’s onshore GDP is now estimated to have grown by 1.6% during 2021 Quarter 4 (October to December), according to updated statistics announced yesterday by the Chief Statistician.

Edinburgh-based hospitality tech disruptor ePOS Hybrid is aiming to raise £500,000 in its second seed funding round which will underpin its aggressive future expansion. The firm, which has offices in Edinburgh and London, has seen impressive demand from investors previously, achieving 145% ove

A footcare clinic, Passion for Feet, has successfully launched in Inverness after the business owner received specialist support, advice, and signposting to funding from Business Gateway. Launched in December last year, Passion for Feet cares for the feet of those living in the Scottish Highlands th

Edinburgh-based telecommunications service provider Commsworld has appointed highly-respected and experienced business leader Andy Leitch as its new chief financial officer. He joins the board from M247, where he was chief financial officer of the company, based in Manchester.

Cumbernauld-based developer McKernan Homes has broken ground on a new sustainable development in Airdrie facilitated by a £2.8 million loan from Bank of Scotland.