News

Jim McConville, the finance director who oversaw the takeover of Standard Life Assurance, has announced that he will step down from Phoenix Group. Mr McConville currently runs the Scottish operations of Phoenix Group and helped carry out the £2.9 billion Standard Life Assurance acquisition dea

As the impact of the Coronavirus outbreak begins to directly impact more businesses, Royal Bank of Scotland has outlined the initial support it will provide to SMEs across Scotland, including a £350m Working Capital Support extension to its successful Growth Funding Package, ongoing support an

Tesco Bank has appointed Gary Balmer as its new chief information officer. 

Scottish Building Society (SBS) has been celebrating after scooping Building Society of the Year award at the annual Mortgage Introducer Scottish Mortgage Awards last week. The awards dinner took place at Prestonfield House in Edinburgh, where the brightest and best of the Scottish property finance

Scottish entrepreneur Liz Watson has purchased her first business in East Kilbride using a six-figure funding package from HSBC UK. Ms Watson established a new company, Redloan Holdings, to purchase The Mobility Centre from original owners Susan and Stephen Laughlin who have now retired. T

Aberdeen-based technology business Dynamic Edge has become a £5 million turnover firm and extended its geographical reach following the acquisition of an IT company in the south of England. Dynamic Edge has acquired Hampshire-based information technology firm Tekkers IT Solutions. Th

Business advisory firm Quantuma has completed a merger with Glasgow-based independent insolvency provider WRI Associates (WRI). The acquisition will see Quantuma take on WRI’s office in Glasgow, headed by partner Ian Wright, and its eight members of staff. The firm will operate under the

On Tuesday, the Scottish Parliament will be invited to nominate Stephen Boyle to Her Majesty the Queen for appointment as the new Auditor General for Scotland. Mr Boyle will succeed Caroline Gardner whose 8-year term in office ends on 30 June 2020.

Scottish-based companies have prioritised investing in digital technology in ways that boost their credentials as responsible businesses, according to the new CBI and Accenture Tech Tracker Survey. The survey shows that firms operating in Scotland have focussed technology investments on bu

A sharp drop in the number of women opening ISAs in the UK is a major wake-up call for the industry, according to Jill Mackay, savings and investment specialist at Scottish Friendly.  Analysis by the Centre for Economics and Business Research on behalf of Scottish Friendly found the number of f

The Financial Conduct Authority (FCA) has today begun a review into the use and value of data and advanced analytics in wholesale financial markets, both now and in the future. The FCA is using its Call for Input (CFI) to better understand how data and advanced analytics are being accessed

Highland Council is expected to save hundreds of thousands of pounds a year and significantly reduce its carbon emissions thanks to energy efficiency upgrades part-funded by the Scottish Government through Salix Finance.

Aberdeen City Council has become the first local authority in Scotland to be awarded the prestigious Governance Mark of Excellence by the Chartered Institute of Public Finance and Accountancy (CIPFA). The standard recognises public service organisations that bring extra rigour to decision-making thr

Four solid-gold casts of Nelson Mandela's hands have been sold at a New York auction house for $10.4 million.

Dundee-based investment company Alliance Trust has posted its annual results which reveal the company's outperformance in 2019. The Trust’s Total Shareholder Return for 2019 was 24.3% (2018: -6.1%) and the Trust’s Net Asset Value (NAV) Total Return1 was 23.1% (2018: - 5.4%) versus 21.7%