News

The Prudential Regulation Authority (PRA) has fiend Metro Bank £5,376,000 for failing to act with due skill, care and diligence in relation to the regulatory reporting of its capital position. The bank has also been fined for failings in its regulatory reporting governance, controls and invest

A man who lifted his sleeping ex-girlfriend's eyelids to unlock her phone with facial recognition and steal her money has been jailed.

Par Equity, the Scottish-based forestry investment fund manager, and Aviva Investors, the global asset management business of Aviva, have announced plans to deliver a significant woodland creation and peatland restoration scheme in the north east of Scotland that aims to capture over 1.4 million ton

ENABLE Scotland has received a £100,000 donation from Barclays to engage with people who have learning disabilities from ethnic minority communities. ENABLE Scotland, the country’s largest member-led charity, received the funding from Barclays to strengthen engagement and support to unde

The Prudential Regulation Authority (PRA) has fined Standard Chartered Bank (SCB) £46.55 million for failing to be open and cooperative with the PRA and for failings in its regulatory reporting governance and controls in relation to a tailored PRA liquidity expectation. This is the PRA’s

Business confidence in Scotland fell three points during December to 24%, according to the latest Business Barometer from Bank of Scotland Commercial Banking.

The Scottish property market had a rollercoaster performance in the last year according to DJ Alexander Ltd, part of the Lomond Group which is the largest lettings and estate agency in Scotland. The firm believes that the property market – from homebuyers to tenants, to landlords and investors

The UK's insolvency sector is set to be governed by an independent regulator with new powers to seek compensation for victims of malpractice under government proposals to be announced today. UK Ministers are planning to impose tougher regulations for insolvency firms and practitioners after allegati

Addleshaw Goddard’s corporate team is seeing a busy year end for deals which has created confidence that even with the challenges brought about by recent COVID developments, activity levels in the market will sustain as we enter the new year. Deals across the technology, digital innovation, tr

Investment of more than £100 million in Moray over the next decade was endorsed yesterday with the official signing of the Moray Growth Deal. It signals confidence from both the UK and Scottish governments in plans to drive innovation and growth in the region, with projects within the Deal des

A rare 16th Century gold coin depicting Mary Queen of Scots has sold for £17,500 at auction. The sale was conducted by auctioneers Woolley & Wallis, of Salisbury, Wilts and was expected to fetch £3,000.

A £500,000 project to develop two new business units in Scalsaig, Isle of Colonsay in Argyll, has secured up to £145,000 from Highlands and Islands Enterprise (HIE). The project is being taken forward by the Colonsay Community Development Company (CCDC) following a feasibility study to a

Details have been published of how the £12.5 billion in Scottish Government funding for 2022/23 will be distributed to local authorities. The settlement represents a total cash increase of £917.9 million or 7.9%, which is the equivalent of a real terms rise of 5.1% to support vital local

A significant new funding package from Royal Bank of Scotland has helped to enable Scottish building firm the Donaldson Group to acquire timber frame manufacturer, Stewart Milne Timber Systems (SMTS). The Donaldson Group is a family of eleven businesses specialising in the processing, manufacturing,

The joint administrators of Bellhill Limited, Blair Nimmo and Alistair McAlinden of Interpath Advisory, have completed a sale of the Lorne Hotel to PL Glasgow Limited. The 102-bed three-star hotel is located in a prime location on Sauchiehall Street, between Glasgow’s city centre and the popul