News

Barclays has announced that its chairman Nigel Higgins, group CEO Jes Saley and finance director Tushar Morzaria will donate a third of their fixed pay for the next six months to charities supporting people affected by the coronavirus outbreak. The donation is part of Barclays' new £100 m

TSB has today announced that its CEO, Debbie Crosbie, and the bank’s executive committee are voluntarily giving up their bonus awards for 2020 amidst the economic uncertainty of coronavirus crisis. TSB said that throughout the last month, TSB has been taking action to support businesses a

Perth-based insurance giant Aviva has announced that it will suspend its 2019 final dividend amid the current economic uncertainty caused by the coronavirus outbreak. Aviva said that its board has taken this decision in the wake of the unprecedented challenges COVID-19 presents for businesses,

Savills has said that it is making preparations for owners of Scottish farmland to bring their farms to the market when the time is right. Until the last few weeks, sellers had been ready to commit to the market following the General Election result, and buyers who had previously been frustrated by

The Financial Conduct Authority (FCA) has announced a series of measures to help listed companies to raise new funding while retaining an appropriate degree of investor protection. 

An auction raising money for the NHS will see several star-studded prizes such as lunch with Dame Joan Collins up for grabs in a bit to support charities in the fight against the current COVID-19 pandemic.

High street banks have blamed the British Business Bank, the government-owned organisation responsible for implementing the coronavirus loans scheme, for delays preventing small businesses across the UK from accessing desperately needed funds.  The criticism of the bank comes as Chancellor

The board of directors of the Edinburgh-headquartered bank Hampden & Co has announced that Simon Miller is set to become its new chairman. Mr Miller will rejoin the private bank he helped found under its original name, Scoban, in 2010. Scoban was rebranded as Hampden & Co in 2014 and opened

Andrew Davis and Emma Herd have been appointed to the board of Historic Environment Scotland. Andrew Davis is a qualified accountant and experienced strategy and commercial director in the Scottish financial services sector. He currently holds the role of commercial director at TSB, having also

Alan Meek, partner and head of corporate insolvency and restructuring at Morton Fraser, discusses the UK Government's changes to UK insolvency law. A press release from the Department for Business, Energy and Industrial Strategy ("BEIS") on March 29 2020, has indicated that the Government intends to

Edinburgh-based financial services company Nucleus Financial Group has announced that it will suspend its final dividend due to the economic uncertainty of the coronavirus pandemic.  The firm made the announcement as it issued its final full year audited results. 

Wylie & Bisset is advising sole trader advisors and intermediaries to consider the extended moratorium on debt enforcement of up to six months under the Coronavirus (Scotland) Act. This provides sole traders concerned about a looming risk of financial distress as a consequence of the e

Housing association Sanctuary Group has issued a £350m secured bond to enable the development of new homes and enhance current stock across England and Scotland. The bond was issued with 32 investors at a coupon of 2.375%.

Aberdonian Anneliese Dodds has been appointed as shadow chancellor following Sir Kier Starmer's appointment as leader of The Labour Party. Ms Dodds grew up in Aberdeen and completed a Masters Degree in social policy at the University of Edinburgh and a PhD in government at the London School of Econo

Financial research specialist Substantive Research Limited has secured an £800,000 investment package from private equity investment manager Foresight Group. Substantive Research is based in London but recently opened an office in Edinburgh.