News

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.

Over 160 firms with $70 trillion in assets have joined forces to steer the global economy towards net-zero emissions and deliver the Paris Agreement goals. The new Glasgow Financial Alliance for Net Zero (GFANZ), chaired by Mark Carney, former Bank of England governor and now UN special envoy on cli

A new platform showcasing innovative financial products that are directly aligned to the UN's Sustainable Development Goals (SDGs) has been launched at COP26. The platform is the result of a collaboration between the Scotland-based Global Ethical Finance Initiative (GEFI) and the United Nations Deve

Wheatley Group has launched its own Sustainable Finance Framework (SFF) that aligns its strategic sustainability priorities with its funding and financial strategy and allows the group to expand its funding base to help achieve its sustainability goals.

When I first took on a mortgage, the rate of interest was 6% pa. Many will remember mortgage rates as high as 18% pa in the early 1980s. To an entire generation of homeowners however such rates are unheard of and have never been within their contemplation. Many will have taken out mortgages in the c

Many businesses could face major refinancing problems in the latter half of 2022 if the Recovery Loan Scheme (RLS) is not extended beyond the summer and banks continue to refuse to transfer outstanding CBILS when companies refinance, a banking expert has warned. Murdoch MacLennan, banking partner wi

Law firm Turcan Connell is hosting a series of short virtual seminars covering the legal (and other) implications of the evolving market for trading carbon in the UK. Land and property partner Don Macleod said: "Over the last couple of years we have been advising some of the major participants in th